Banks covering their assets
Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. ss='cambodia-color'>...
Kali Kotoski
http://www.phnompenhpost.com/business/banks-covering-their-assets
Telecom firm takes action over embezzlement
Telecom Cambodia has suspended a manager accused of stealing $230,000 and is preparing a legal complaint against him and a former senior employee in the firm’s finance office who supposedly received the missing money, a company official said. ss='cambodia-color'>...
Sek Odom
https://www.cambodiadaily.com/news/telecom-firm-takes-action-over-embezzlement-93684/
Activist gets 2 more years in prison over protest
Jailed opposition activist Ouk Pich samnang called on the international community to condemn Cambodia’s court system on Thursday after he was handed a further two years in prison for intentional violence and obstructing authorities, despite a dearth of evidence against him. ss='cambodia-color'>...
Ouch Sony
https://www.cambodiadaily.com/news/activist-gets-2-more-years-in-prison-over-protest-93939/
Compromise remains elusive in minimum wage negotiations
Factory and union representatives remain as far apart as ever over where to set next year’s minimum wage for garment workers, now at $128 per month, after hours of heated negotiations Wednesday and a vote that seemed to settle nothing. ss='cambodia-color'>...
Mech Dara
https://www.cambodiadaily.com/news/compromise-remains-elusive-in-minimum-wage-negotiations-96839/
With wage talks over, GMAC calls for focus on productivity
The Garment Manufacturers Association in Cambodia (GMAC) is looking for a renewed focus on productivity following the conclusion of this month’s minimum wage negotiations, while supporting calls for clothing buyers to implement more sustainable purchasing practices. ss='cambodia-color'>...
Garment Manufacturers Association in Cambodia
Nagaworld expansion suspended
The controversial expansion of NagaWorld casino in Phnom Penh has been temporarily halted after an inspection of the construction site led Prime Minister Hun sen to judge that it was interfering with the city’s beauty, according to City Hall. ss='cambodia-color'>...
Sek Odom
https://www.cambodiadaily.com/news/nagaworld-expansion-suspended-99673/
Climate change poses threat to fish, health: report
If global temperatures continue to rise, Cambodia’s dependence on fishing and its under-developed healthcare and sanitation sectors will make it particularly exposed to the adverse effects of climate change, according to a World Bank report published on sunday. ss='cambodia-color'>...
Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/climate-change-poses-threat-fish-health-report
For some women, sex work is a choice, not a matter of trafficking
Cambodian sex workers are often thought of as victims of trafficking. And that may be true for some. For others, however, work in the country’s entertainment sectors offers financial security, and sex work becomes a choice. ss='cambodia-color'>...
Ten Soksreinith
http://www.voacambodia.com/content/for-some-women-sex-work-is-a-choice-not-a-matter-of-trafficking/3065664.html
DPRK-invested museum opens in Cambodia's Siem Reap city
After five years of building, the 24-million-U.s.-dollar Angkor Panorama Museum, invested by the Democratic People’s Republic of Korea (DPRK), opened in northwest Cambodia’s siem Reap city, a local English newspaper reported on Monday. ss='cambodia-color'>...
Xinhua News Staff
http://news.xinhuanet.com/english/2015-12/07/c_134892948.htm
Kandal village emblem of Kingdom's domestic abuse problem
As the government issued a familiar package of platitudes and promises on International Women’s Day, a walk through a single rural village in Kandal offered a shocking glimpse into how widespread – and widely accepted – domestic abuse remains in the Kingdom. ss='cambodia-color'>...
Mech Dara and Erin Handley
http://www.phnompenhpost.com/national/kandal-village-emblem-kingdoms-domestic-abuse-problem
Controversial union law set for final review
The head of the National Assembly’s legislation commission said he hoped to have a controversial draft union law passed “very soon” after the latest round of feedback from unions and employers during a public workshop at Parliament on Wednesday. ss='cambodia-color'>...
Zsombor Peter and Khuon Narim
https://www.cambodiadaily.com/news/controversial-union-law-set-for-final-review-109689/
Suspect logs found on plantation
Authorities in Ratanakkiri province have found more piles of possibly illegally logged wood as part of the government’s ongoing sweep of eastern Cambodia for illicit timber stocks, this time on a rubber plantation owned by wealthy businessman soung Vang. ss='cambodia-color'>...
Aun Pheap
https://www.cambodiadaily.com/news/suspect_logs_found_on_plantation-110061/
National bank ups cash reserve requirements
The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s banking sector. ss='cambodia-color'>...
Kang Sothear and Tej Parikh
https://www.cambodiadaily.com/news/national-bank-ups-cash-reserve-requirements-110398/
Indian firm considers setting up fun park
Pan India Paryatan Pvt Ltd (PIPPL), the owner of Mumbai-based EsselWorld, one of India’s largest amusement parks, has shown interest in developing a theme park in Cambodia after a meeting with the minister of tourism late last week. ss='cambodia-color'>...
Sor Chandara
http://www.phnompenhpost.com/business/indian-firm-considers-setting-fun-park
Kingdom's economy to remain stable: ADB
Cambodia’s economy is expected to remain stable this year as uncertainty surrounding China’s economic slowdown appears to ease, and backed primarily by strong performance in garment and footwear manufacturing, as well as construction, the Asian Development Bank (ADB) said yesterday. ss='cambodia-color'>...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdoms-economy-remain-stable-adb
City police chief announces measures to rein in weapons
Phnom Penh’s police chief on Thursday blasted his subordinates for doing an inadequate job of controlling weapons issued to officers, and announced that police had begun a “weapons census” in an effort to deal with the problem. ss='cambodia-color'>...
Khy Sovuthy
https://www.cambodiadaily.com/news/city-police-chief-announces-measures-to-rein-in-weapons-110730/
South Korea envoy defended as graft probe continues
A relative of Cambodia’s ambassador to south Korea, who was detained on Monday amid a corruption probe, yesterday claimed the envoy was innocent, as the Anti-Corruption Unit reportedly prepared to send the case to court. ss='cambodia-color'>...
Mech Dara
http://www.phnompenhpost.com/national/south-korea-envoy-defended-graft-probe-continues
Massive Thai rice sell-off ‘concerning’
Thailand’s plans to sell off 11.4 million tons of its rice stockpile over the next two months is concerning Cambodia, which fears the sale will drive global prices down as the Kingdom struggles to meet its own export target. ss='cambodia-color'>...
May Kunmakara
http://www.khmertimeskh.com/news/24245/massive-thai-rice-sell-off----concerning---/
Teachers’ association condemned
The Ministry of Education, Youth and sport issued a statement yesterday condemning the Cambodian Independent Teachers’ Association (CITA) for calling on the Kingdom’s teachers to strike or protest in support of opposition Cambodia National Rescue Party (CNRP) leader Kem sokha. ss='cambodia-color'>...
Tin Sokhavuth
http://www.khmertimeskh.com/news/25621/teachers----association-condemned/
Tax revenue fills coffers of the state
The government’s tax revenue saw a sharp increase of about 22 percent in the first five months of the year, compared with the same period last year, with some $763 million collected by the General Department of Customs and Excise. ss='cambodia-color'>...
Sum Manet
http://www.khmertimeskh.com/news/25916/tax-revenue-fills-coffers-of-the-state/