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Banking sector FDI spikes on new banks and higher caps

Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/banking-sector-fdi-spikes-new-banks-and-higher-caps

Direct flights soon from X’ian city

There will soon be direct flights to Cambodia from X’ian city in China’s Shaanxi province to meet the growing demand of Chinese tourists, said Tourism Minister Thong Khon yesterday. ...

May Kunmakara
http://www.khmertimeskh.com/5077009/direct-flights-soon-xian-city/

Cambodia, China looking for MoU on nuclear power cooperation

Cambodia’s relevant officials of the Ministry of Environment have been working closely with their Chinese counterparts for a memorandum of understanding (MoU) on nuclear power cooperation. ...

Khan Sophirom
http://www.akp.gov.kh/?p=107890

Hundreds of Mekong giant catfish released

Two hundred juvenile specimens of the critically endangered Mekong giant catfish were released by the Preah Sihanouk Provincial Fisheries Administration into freshwater reservoirs on Sunday evening in an effort to help preserve the species – which can grow up to 300 kilograms. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/hundreds-mekong-giant-catfish-released

Solar power set to shine in Bavet

Cambodia’s first large-scale solar power project is still in the trial testing stage, but is expected to be fully operational at the end of this month. ...

Sum Manet
http://www.khmertimeskh.com/5079197/solar-power-set-shine-bavet/

Press Release on the halt of the operation of the National Democratic Institute

On 23 August 2017, the Ministry of Foreign Affairs and International Cooperation issued a press release to stop the operation of the National Democratic Institute (NDI) in Cambodia and to expel its foreign staff from the Kingdom within seven days after the official notification of ...

Ministry of Foreign Affairs and International Cooperation

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Exam pass rate increases

The number of students who passed Cambodia’s high-stakes grade-12 exam saw only a slight increase this year, signalling that scores may be plateauing after an overhaul to weed out rampant cheating in 2014. ...

Soth Koemsoeun and Erin Handley
http://www.phnompenhpost.com/national/exam-pass-rate-increases

Ministry of Foreign Affairs targeted by US visa ban, in retaliation for government's deportee stance

The United States yesterday banned business and tourist visas for Cambodian Foreign Ministry officials and their families in response to the Kingdom’s refusal to accept “inhumane” deportations of Cambodian citizens convicted of felonies in the US. ...

Erin Handley and Niem Chheng
http://www.phnompenhpost.com/national/ministry-foreign-affairs-targeted-us-visa-ban-retaliation-governments-deportee-stance

Japan to open elder care training centre

A new centre will launch in April 2018 to train Cambodian migrant workers to work with elderly people in Japan. On Tuesday, Minister of Labour Ith Samheng said the Japanese company Procast Asia would establish the centre. ...

Sen David
http://www.khmertimeskh.com/5087827/japan-open-elder-care-training-centre/

High feed costs driving people away from snakehead farming

One year after lifting a decade-old ban on snakehead fish farming, the number of aquatic farms growing the fish remains surprisingly low, with the high cost of feeding them driving many away from what could otherwise be a very lucrative business. ...

Chea Vannak
http://www.khmertimeskh.com/5088049/high-feed-costs-driving-people-away-snakehead-farming/

Japan gives $3.2 million for school breakfasts

The Japanese government on Friday granted $3.2 million to Cambodia through the World Food Programme to provide meals to students in vulnerable communities. ...

Pav Suy
http://www.khmertimeskh.com/5088219/japan-gives-3-2-million-school-breakfasts/

EU expresses concerns over rights

A European delegation on a two-day visit to the Kingdom yesterday expressed concerns about recent political developments in Cambodia, saying that the deteriorating political and human rights situation could have consequences for development assistance and trade. ...

Mech Dara and Leonie Kijewski
http://www.phnompenhpost.com/national/eu-expresses-concerns-over-rights

NBC gives banks, MFIs greenlight to issue bonds

The National Bank of Cambodia (NBC) announced on Friday that local banks and microfinance institutions (MFIs) can now issue corporate bonds or list equity securities on the nascent Cambodian stock market, a move industry insiders claim will help financial institutions raise capital and be less ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-gives-banks-mfis-greenlight-issue-bonds

Environment ministry targets set

The Environment Minister instructed his staff to cooperate with relevant ministries and institutions to improve management in the sector at the closing of the ministry’s annual meeting on Monday. ...

Pech Sotheary
http://www.khmertimeskh.com/5095895/environment-ministry-targets-set/

PM dares landlords to get rent hikes from him

Prime Minister Hun Sen reiterated his demand for the owners of garment worker housing to freeze rents in 2018 yesterday, telling the leasers to come to him personally if they disagreed with the order. ...

Yon Sineat
http://www.phnompenhpost.com/national/pm-dares-landlords-get-rent-hikes-him

Invasive fruit flies detrimental to Kingdom’s mango exports

Cambodia’s mango shipments have been routinely blocked before making it to the international market, with the Ministry of Agriculture claiming the mangoes are not of a high enough quality to meet the sanitary and phytosanitary (SPS) requirements necessary to ship outside of the Kingdom. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/invasive-fruit-flies-detrimental-kingdoms-mango-exports

Rainsy’s vow of ‘autonomy’ for ethnic group sets off treason probe

The Interior Ministry said it will investigate documents and a video from 2013 that resurfaced yesterday showing former opposition leader Sam Rainsy committing to upholding the rights of ethnic minorities in four northeastern Cambodian provinces, with a Justice Ministry spokesman saying it qualified as “treason”. ...

Niem Chheng and Ananth Baliga
http://www.phnompenhpost.com/national/rainsys-vow-autonomy-ethnic-group-sets-treason-probe

National Bank to begin LPCO

The National Bank of Cambodia (NBC) will unveil its initial rates that banks and microfinance institutions (MFIs) will be able to use, as the NBC begins its liquidity-providing collateralized operation (LPCO) to boost the country’s riel liquidity, according to a senior bank official. ...

Sok Chan
http://www.khmertimeskh.com/news/30852/national-bank-to-begin-lpco/

No one in union law firing line, says Vannak

The government yesterday assured those in the garment industry that the Trade Union Law, which came into effect in May, is not meant to put pressure on any particular group, but rather to help employers and employees work together in harmony. Labor Ministry secretary of state ...

Mom Kunthear
http://www.khmertimeskh.com/news/33337/no-one-in-union-law-firing-line--says-vannak/

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