GTI price resilient over strikes
It’s been a testing month for Taiwanese garment manufacturer Grand Twins International (GTI), with recurring worker demonstrations and a new sector-wide minimum-wage level set just this week. But despite the turbulence, GTI stock – one of just two companies trading on the Cambodian Stock Exchange (CSX) ...
Eddie Morton
http://phnompenhpost.com/business/gti-price-resilient-over-strikes
New effort to get thousands of children into classrooms
More than 57,000 primary school-aged children across the country are currently missing out on an education, according to the Cambodian Consortium for Out of School Children (CCOSC), a new group set up to implement a major push to get young Cambodians into the classroom. Officially ...
Holly Robertson
https://www.cambodiadaily.com/news/new-effort-to-get-thousands-of-children-into-classrooms-77033/
Key post to PM’s son-in-law
Dy Vichea – son of the late National Police chief Hok Lundy and son-in-law to Prime Minister Hun Sen – has been appointed director of the Central Security Department at the Ministry of Interior, the National Police said yesterday. National Police spokesman Kirt Chantharith said that ...
May Titthara
http://www.phnompenhpost.com/national/key-post-pm%E2%80%99s-son-law
Teachers push ministry over nixed scholarship
More than 400 teachers who took part in an eight-month teaching course at the National Institute of Education (NIE) are demanding the government pay them scholarship funds that were initially promised only to be later axed over cost concerns. In a petition sent yesterday to the ...
Sen David and Sarah Taguiam
http://www.phnompenhpost.com/teachers-push-ministry-over-nixed-scholarship
Government permits tax exemptions on specific goods
The government has issued income tax exemptions for the textile and garment, footwear and luggage sectors that produced export goods hit by the European Union’s 20 percent Everything but Arms (EBA) tariff-free status withdrawal in February. ...
Sok Chan
https://www.khmertimeskh.com/50706195/government-permits-tax-exemptions-on-specific-goods/
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
Talks to resume on offshore oil and gas
Thailand’s outgoing Energy Minister Sontirat Sontijirawong expects that there will be a resumption of talks to resolve the dispute of the offshore petroleum blocks in the overlapping maritime territories between Cambodia and Thailand after a delay of 20 years, according to a Bangkok Post report.203; ...
Sok Chan
https://www.khmertimeskh.com/50747626/talks-to-resume-on-offshore-oil-and-gas/
Getting ready for free trade with China
In fewer than 20 days the Cambodia-China Free-Trade Agreement (CC-FTA) comes into force after both countries signed the deal on Oct 12 during a two-day state visit by China’s Foreign Minister Wang Yi in Phnom Penh. ...
Sok Chan
https://www.khmertimeskh.com/50791954/getting-ready-for-free-trade-with-china/
Community to become first mango winemaker
A Tbong Khmum provincial farming community is on tenterhooks as it waits for its 11 20-litre batches of mango wine to ferment, in a new project backed by the provincial agriculture department as it explores new opportunities for the fruit. ...
Hin Pisei
https://www.phnompenhpost.com/business/community-become-first-mango-winemaker
Retail sector feels pinch of Covid-19 outbreak
Most retail businesses in Phnom Penh have seen a substantial plunge in sales since the February 20 community transmission, which continues to spread across the capital and to the provinces. ...
Thou Vireak
https://www.phnompenhpost.com/business/retail-sector-feels-pinch-covid-19-outbreak
Provinces tighten travel restrictions
Authorities in some provinces have restricted entry at their borders by setting up checkpoints and requiring travellers suspected of any exposure to persons or places linked to the February 20 community outbreak of Covid-19 to quarantine for 14 days. ...
Long Kimmarita
https://www.phnompenhpost.com/national/provinces-tighten-travel-restrictions
5.5 million doses of Covid vaccine from China due to arrive in April-August
As of April 20, Cambodia had inoculated a total of 1,277,688 people against Covid-19, including civil servants, government officials, members of the armed forces and their families, the general public and foreigners, in a vaccination drive administered by the ministries of Health and National Defence. ...
Voun Dara
https://www.phnompenhpost.com/national/55-million-doses-covid-vaccine-china-due-arrive-april-august
ABC, CMA set out six debt relief measures
The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) on April 7 ordered members to adopt six measures of financial relief in light of the economic fallout and depressed incomes caused by the February 20 community transmission of Covid-19. ...
May Kunmakara
https://www.phnompenhpost.com/business/abc-cma-set-out-six-debt-relief-measures
Financial institutions see jump in lockdown-era digital transactions
Financial institutions (FI) logged a sudden spike in digital transactions during lockdown, adding further to the upward momentum fuelled by rising fears triggered by a spike in new Covid-19 cases found in connection to the February 20 community transmission. ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-institutions-see-jump-lockdown-era-digital-transactions
Signing of Korea trade deal postponed
The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/signing-korea-trade-deal-postponed
Microfinance body calls for more lending
Cambodia Microfinance Association (CMA) on April 27 urged its members to release more credit to customers as the spread of Covid-19, exacerbated by the February 20 community transmission is having a huge impact on all businesses, especially in Phnom Penh and Takmao town. ...
Hin Pisei
https://www.phnompenhpost.com/business/microfinance-body-calls-more-lending
Mushrooms bring cash to Oddar Meanchey villagers
Residents in Oddar Meanchey province can earn extra income from trading non-timber forest products sourced in the Sorng Rukhavorn Wildlife Sanctuary in Samrong town. Mushrooms in particular are a lucrative product selling from 15,000 to 20,000 riel ($3.70 to $5) per kilogramme. ...
Orm Bunthoeurn
https://phnompenhpost.com/national/mushrooms-bring-cash-oddar-meanchey-villagers
PPAP inaugurates Step 3 of LM17 terminal
Phnom Penh Autonomous Port (PPAP), a river-port operator listed on the Cambodia Securities Exchange (CSX), on September 20 inaugurated the Step 3, Phase I development of its LM17 Container Terminal to meet growing container throughput. ...
Hin Pisei
https://www.phnompenhpost.com/business/ppap-inaugurates-step-3-lm17-terminal
Tripartite talks over minimum wage start
Tripartite discussions on the 2022 minimum wage for workers in the garment, textile and footwear sectors were set to begin on September 14. According to industry observers, the employers are planning to offer $183.40, as opposed to $214.20 requested by trade unions. ...
Long Kimmarita
https://www.phnompenhpost.com/national/tripartite-talks-over-minimum-wage-start
Korea’s KB Kookmin Bank says completes acquisition of Prasac
South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s financial ...
May Kunmakara
https://www.phnompenhpost.com/business/koreas-kb-kookmin-bank-says-completes-acquisition-prasac