ASEAN projects to receive Around 1 07 million tourists in 2015
Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...
Co-op law will bolster agriculture sector: PM
WITH the passing of a law on farmers’ co-operatives, the government hopes to streng-then the country’s growing agricultural sector, Prime Minister Hun Sen said in a speech at the National Institute of Education yesterday. “In time, I believe that economic growth will be tremendous in rural ...
Japanese Mizuho Bank looks into Cambodian financial sector
Mizuho Bank, one of Japan’s largest banks, opened a representative office here Monday thanks to increasing interest in Cambodia by Japanese investors, a bank official said. To date, Cambodia has five foreign banks’ representative offices, 34 commercial banks, seven specialized banks and 37 microfinance institutions, ...
http://news.xinhuanet.com/english/world/2013-07/08/c_132522621.htm
Anti-laundering law gets tougher penalties
The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...
http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html
Confidence at central bank
As volatility strikes Asian markets in anticipation of the US Federal Reserve winding down quantitative easing – the practice of injecting money into the economy – the National Bank of Cambodia says the Kingdom will remain largely insulated thanks to an investment market still in ...
http://www.phnompenhpost.com/2013062566455/Business/confidence-at-central-bank.html
Cambodian Sommeliers Head to Singapore for Regional Contest
Beer, whisky and strong, home-brewed moonshine have long been Cambodians’ favorite tipples, but with an ever-growing middle class, tastes are changing and if you’re part of the new elite, it is increasingly important to know your Pinot Gris from your Pinot Noir. To help enhance one’s ...
http://www.cambodiadaily.com/news/cambodian-sommeliers-head-to-singapore-for-regional-contest-40504/
Media Groups Call On ‘Political Elite’ to Protect Reporters
More than a dozen journalism and human rights groups have called on Cambodia’s political forces to protect journalists and guarantee citizens’ access to an open and unobstructed press during the current political unrest. In a statement released Wednesday, the Cambodian Center for Independent Media, along with ...
Lindsey Peterson
http://www.cambodiadaily.com/news/media-groups-call-on-political-elite-to-protect-reporters-45436/
Minimum temperature to drop to 18 degrees celsius this week
The minimum temperature would drop to 18 degrees Celsius from November 20 to 22, especially at the northeastern highland areas. ...
Khmer Times Staff
https://www.khmertimeskh.com/501395432/minimum-temperature-to-drop-to-18-degrees-celsius-this-week/
Health sector on notice
Legal action will be taken against health institutes that offer a low quality of care, according to a directive issued by the Minister of Health last week, which also emphasized the importance of digital record keeping in the medical sector. ...
Mom Kunthear
http://www.khmertimeskh.com/news/26032/health-sector-on-notice/
Barred from exam, grade 12s protest
Fifty-two students in Kampong Thom are blaming teacher favouritism and an inherently unequal system for preventing them from sitting the national exam and graduating this year. The students, from Hun Sen Taing Kork High School in Baray district, filed a petition to the provincial department of ...
Chhay Channyda
http://www.phnompenhpost.com/national/barred-exam-grade-12s-protest
ACU tackles exam cheats
Cheating on national grade nine and 12 exams – which has been rampant in the past – just got harder. The Anti-Corruption Unit (ACU) announced yesterday that it will enlist the services of independent NGOs, civil society groups and private companies to monitor the more than ...
Chhay Channyda and Laignee Barron
http://www.phnompenhpost.com/national/acu-tackles-exam-cheats
Ministries, institutions discuss measures for Mekong conservation
Members of relevant ministries and institutions gathered on Friday and Saturday to discuss the importance of the Mekong to Cambodia from a policy standpoint and how the government can best work together to ensure the conservation of the river. The two-day meeting, held under the ...
Voun Dara
https://www.phnompenhpost.com/national/ministries-institutions-discuss-measures-mekong-conservation
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/
Grade 12 exam postponed to Dec 27
The Ministry of Education, Youth and Sport has set December 27 as the new date for high school diploma examination. The Grade 12 exam was originally scheduled for December 6. ...
Ry Sochan
https://www.phnompenhpost.com/national/grade-12-exam-postponed-dec-27
Custodian could spur fund interest
The government is working on legislation that would create a framework for the establishment of a custodian bank in Cambodia, according to securities firms, which claim the absence of this institution could be deterring foreign investors from participating in share offerings on the local stock ...
Brian Ng
http://www.phnompenhpost.com/business/custodian-could-spur-fund-interest
Inflation Will go Down Later this Year, Economy Minister Said
The Consumer Price Index increased by a total of 7.1 percent in June 2011 compared to the same period last year at the same time. Ministry of Economy and Finance expects that inflation would go down to 6.5 percent at the end of this year ...
Proposed changes to reserve requirement meets controversy
A proposed increase in the reserve requirement would decrease lending and slow Cambodia’s economic growth, according to some bankers and experts. The National Bank of Cambodia is set to hold a meeting later this month discussing a possible raise of the reserve requirement from 12 ...
PRASAC increases share capital to US$20 million
PRASAC Microfinance Institution, celebrating its eighteenth anniversary this year in the Cambodia microfinance market, has increased its registered capital from 15-4 billion riel to 80 billion riel. The increase of the share capital has been authorized by the National Bank of Cambodia and the company is now amending its Articles of Incorporation. PRASAC’s share capital is ...
Vietnam raises minimum pay
A new decree that increases the minimum wage of workers in Vietnam will not necessarily lead to companies relocating to Cambodia, according to officials. “The Vietnam government has issued [a] decree, which takes effect from January 1, to adjust the minimum wages paid to workers by ...
Striving to make finance accessible
Access to finance could reduce violence, empower the most vulnerable in society and improve the livelihoods of Cambodia’s poorest people, a conference on community-led funding heard on Wednesday. Sarah Sitts, country manager of the international NGO Pact, introduced the funding model of savings-led micro-finance (SLMF). In ...
http://www.phnompenhpost.com/2013032964776/Business/striving-to-make-finance-accessible.html