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Two new investment projects approved by CDC

The Council for the Development of Cambodia (CDC) has issued investment certificates to Fu Bi Xing (Cambodia) Packaging Co., Ltd and Sheng He Leisure Bag (Cambodia) Co., Ltd for the production of travel bags and goods in the Kingdom. ...

Gareth Johnson
https://www.khmertimeskh.com/50864368/two-new-investment-projects-approved-by-cdc/

Prosecutors Meet to Discuss Treatment of Incarcerated Minors

The judiciary has signed off on a new set of guidelines designed to regulate the work of prosecutors in many areas, including the rights of minors in the judicial system. Ouk Savuth, general director of the Court of Appeal, signed off on the guidelines on August ...

Khy Sovuthy
http://www.cambodiadaily.com/news/prosecutors-meet-to-discuss-treatment-of-incarcerated-minors-41526/

New border link expected to boost trade with Thailand

Cambodia and Thailand are set to have a new international border crossing on National Road 5, linking Banteay Meanchey province and Thailand’s Sa Kaeo province. ...

Chea Vannak
http://www.khmertimeskh.com/news/21667/new-border-link-expected-to-boost-trade-with-thailand/

More than two million tourists traversed the country during the New Year weekend

The  Ministry of Tourism has reported that  that the three days of the Global New Year holiday and weekend from December 31, 2021 to January 2, 2022 brought  2,002,298 domestic tourists out to traverse the country and take in the tourism sites of Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501000354/more-than-two-million-tourists-traversed-the-country-during-the-new-year-weekend/

PM Hun Manet reiterates no new taxes nor tax increases

Dr Hun Manet has reiterated that the 7th-mandate Royal Government will neither create new taxes nor increase existing ones. ...

Khmer Times Staff
https://www.khmertimeskh.com/501391897/pm-hun-manet-reiterates-no-new-taxes-nor-tax-increases/

Latest property reports offer evidence of strong growth

In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...

Post Staff
http://www.phnompenhpost.com/real-estate/latest-property-reports-offer-evidence-strong-growth

Garment worker protest builds over severance

More than 1,000 workers protested in front of the soon-to-be-closed Svay Rieng Cambodia Garment factory yesterday to demand better severance benefits, and nearly half of them then marched to the provincial hall to seek help from government officials, workers said yesterday. Worker representative Pang Tra said ...

http://www.phnompenhpost.com/2013010160550/National/garment-workers-protest-builds-over-severance.html

Ministry of Justice site online

The Ministry of Justice on Monday announced the launch of its new website www.moj.gov.kh in addition to its already existing Facebook page and Telegram service. ...

Voun Dara
https://www.phnompenhpost.com/national/ministry-justice-site-online

Tools monitor air, water quality

A factory has volunteered to install new systems to check air and water quality while the Ministry of Environment is pushing another 20 factories to install this tool and connect it to the central station of the ministry so that it can check environmental quality ...

Ry Sochan
https://www.phnompenhpost.com/national/tools-monitor-air-water-quality

CDC approves four new projects worth more than $100 million

Cambodia continues to attract large investments, with the latest being four CDC-approved investments worth more than $100 million. ...

Khmer Times Staff
https://www.khmertimeskh.com/501116207/cdc-approves-four-new-projects-worth-more-than-100-million/

New business registrations down 41%

Last year saw 7,860 new businesses register with the Ministry of Commerce, down 40.72 percent from 13,259 in 2019. At the same time, the ministry dissolved 500 businesses last year, marking a 187 percent increase from 174 in 2019. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-business-registrations-down-41

Relations with China to continue growing

A high-ranking Chinese official has vowed to boost ties with Cambodia to a new high, noting that the Kingdom has steady economic development during a meeting with Prime Minister Hun Sen yesterday. ...

Taing Vida
https://www.khmertimeskh.com/50545338/relations-with-china-to-continue-growing/

Prasac seeks commercial bank status

PRASAC, Cambodia’s largest microfinance institution by outstanding loans, planned to become a licensed commercial bank in the Kingdom, company officials said yesterday. The news comes despite calls from insiders and experts – most recently the International Monetary Fund and World Bank – for the National ...

http://www.phnompenhpost.com/index.php/2012030254816/Business/prasac-seeks-commercial-bank-status.html

Spending on Defense and Security up 17% in 2014

The country’s draft $3.4 billion national budget for 2014 proposes yet another $920 million in new debt to make ends meet, the same amount taken on this year, according to a copy of the spending bill obtained Thursday. The draft budget calls for nearly $400 million—or ...

Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/spending-on-defense-and-security-up-17-in-2014-46747/

New worker benefits take effect

A slew of new health and maternity benefits for workers took effect at the stroke of midnight yesterday in a dramatic expansion of the country’s social security framework, even as labour advocates and business experts raised concerns about cost and quality. ...

Yon Sineat and Daphne Chen
http://www.phnompenhpost.com/national/new-worker-benefits-take-effect

Course on ‘identifying human trafficking victims’ opens

Interior Ministry Secretary of State and Permanent Vice-Chair woman of the National Committee for Counter Trafficking Chou Bun Eng opened a new training course yesterday in Phnom Penh focusing on “Identification of victims of human trafficking to provide appropriate services.” ...

Torn Vibol
https://www.khmertimeskh.com/501348063/course-on-identifying-human-trafficking-victims-opens/

Kirirom Park reforestation growing roots

In the verdant expanse of Preah Suramrit Kosamak Kirirom National Park, a notable endeavour is taking root. As part of a considerable environmental initiative, nearly 20,000 saplings have found a new home within the Buddhist Cultural Centre’s grounds. ...

Bor Pich Zelin
https://m.phnompenhpost.com/national/kirirom-park-reforestation-growing-roots

Hun Sen Moves Ahead With ‘Reform’ Plan, Minus Opposition

Prime Minister Hun Sen on Wednesday laid out more details in his plan to introduce a series of political reforms after a narrow win for his long-ruling CPP at the polls in July, including creating a new national working group and establishing public forums to ...

Khy Sovuthy
http://www.cambodiadaily.com/news/hun-sen-moves-ahead-with-reform-plan-minus-opposition-51126/

FTU trio held at factory by rivals in union clash

Workers aligned with the Collective Union of Movement of Workers locked three officials from the Free Trade Union inside the Ocean Garment factory in Phnom Penh for eight hours Tuesday after the two unions argued over who would represent workers in a wage dispute. Ocean’s approximately ...

Sek Odom
http://www.cambodiadaily.com/news/ftu-trio-held-at-factory-by-rivals-in-union-clash-63579/

Central bank sets interest rate ceiling, sparking fears

The National Bank of Cambodia announced on Monday that it would set an annual interest rate ceiling of 18 percent for all microfinance institutions (MFIs), sparking concerns that lenders would stop offering smaller loans that often keep the most financially vulnerable afloat. ...

Hang Sokunthea
https://www.cambodiadaily.com/news/central-bank-sets-interest-rate-ceiling-sparking-fears-126483/

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