Gov’t vows crackdown on lawbreaking contractors
Contractors that dodge requirements to register with the social security fund, leaving workers to foot their hospital bills alone, will start facing harsher legal penalties, the director of the National Social Security Fund (NSSF) said. ...
Jonathan Cox and Tin Sokhavuth
http://www.khmertimeskh.com/news/18493/gov---t-vows-crackdown-on-lawbreaking-contractors/
Village-based internet pilot project launched in Kampong Cham
A community-based Internet provider called NerveNet has been launched in Kampong Cham province’s Chheng Prey district, about 100 kilometers east of Phnom Penh. ...
Chea Vannak
http://www.khmertimeskh.com/news/22616/village-based-internet-pilot-project-launched-in-kampong-cham/
IFC to help Cambodia's stock market regulator strengthen governance, regulation
The International Finance Corporation (IFC) signed a memorandum of understanding with the Securities and Exchange Commission of Cambodia (SECC) on Thursday to develop a roadmap for strengthening the country’s corporate governance policies and practices. ...
Shanghai Daily Team
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=326143
Firm poised to be first licensed derivatives broker
Six months since Cambodia’s market regulator officially launched derivatives trading in Cambodia, Phnom Penh Securities Plc is poised to become the first local securities firm to legally trade the complex and little-understood financial instrument. ...
Kali Kotoski
http://www.phnompenhpost.com/business/firm-poised-be-first-licensed-derivatives-broker
Homeless children back from Vietnam
Twenty-nine homeless Cambodians, including 20 children, will be repatriated from Ho Chi Minh City today. Apart from the children, the group consists of nine adults – three men and six women. of the 20 children, 10 are boys and 10 are girls, according to Ministry of ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/27017/homeless-children-back-from-vietnam/
FAST payments to move riel quickly
Three months since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fast-payments-move-riel-quickly
Cambodia signs MoU with Morocco
Cambodia’s Secretariat of Civil Aviation signed a Memorandum of Understanding, last week, with the Morocco Civil Aviation Authority that technically allows direct flights between the two countries. ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2016/08/cambodia-signs-mou-with-morocco/
GMS cross-border pact on hold
Though all countries in the Greater Mekong Sub-region (GMS) had signed a cross-border trade agreement (CBTA) 14 years ago to enhance the sub-region’s economic connectivity, the CBTA, however, is yet to be ratified in individual Mekong nations for its full implementation. This was revealed last ...
Sok Chan
http://www.khmertimeskh.com/news/28140/gms-cross-border-pact-on-hold/
Drop in US exports seen as a wake-up call
The industry body for the nation’s garment and footwear manufacturers said new trade data showing a decline in Cambodian exports to the US during the first half of the year was a sign that the Kingdom was losing its competitive advantage, threatening the future of ...
Kali Kotoski
http://www.phnompenhpost.com/business/drop-us-exports-seen-wake-call
Exchange of notes for Japan’s grant assistance
On Friday 23 September 2016, in response to a request from the Royal Government of Cambodia and the World Food Programme (hereinafter referred as “WFP”), the Government of Japan has agreed to extend a Grant Assistance of two hundred and twenty million Japanese Yen (¥220,000,000), ...
Embassy of Japan in the Kingdom of Cambodia
Business briefs
The country’s two largest ports saw traffic jump in the first eight months of this year, compared to the same period last year, according to figures released by the port authorities Friday. ...
Khmer Times team
http://www.khmertimeskh.com/news/15712/business-briefs/
NGOs vow to continue union law opposition
Following the passage of the controversial trade union law on Monday, international rights groups say they will continue to oppose the legislation, which will now move to the Senate for approval. ...
Ananth Baliga
http://www.phnompenhpost.com/national/ngos-vow-continue-union-law-opposition
Development council officer charged over bribery claim
An official at the Council for the Development of Cambodia was charged with bribery over the weekend after being arrested by the Anti-Corruption Unit (ACU), just weeks after the graft-fighting body arrested a Foreign Affairs Ministry official and the ambassador to South Korea. ...
Aun Pheap
https://www.cambodiadaily.com/news/development-council-officer-charged-over-bribery-claim-112324/
Publisher says officials involved in illegal timber
A local newspaper publisher has appealed directly to Prime Minister Hun Sen for help after provincial officials allegedly crashed into his car and threatened him in order to hide timber smuggling activities. ...
Phak Seangly
http://www.phnompenhpost.com/national/publisher-says-officials-involved-illegal-timber
Labor Leaders Speak Out Against Union Law
Labor leaders in Cambodia have expressed concerns over pressures placed on their freedom to organize and mobilize garment workers following the implementation of a contentious law governing unions earlier this year. ...
Neou Vannarin
http://www.voacambodia.com/a/labor-leaders-speak-out-against-union-law/3403414.html
Hope grows in insurance
Even though Cambodia’s insurance industry is still young compared to neighboring countries such as Thailand and Vietnam, there is potential for its growth with the development of human resources in the sector. ...
Sok chan
http://www.khmertimeskh.com/news/27361/hope-grows-in-insurance/
Japanese FDI leads to surge in exports: analysts
Cambodia’s total exports to Japan increased sharply over the first nine months of the year compared to last year due to flows of investment from Japan to Cambodia over the last few years, analysts said. ...
May Kunmakara
http://www.khmertimeskh.com/news/17864/japanese-fdi-leads-to-surge-in-exports--analysts/
Wheels set in motion to support mobile education in Cambodia
Australians could help children in Cambodia receive an education and avoid the possibility of life in child sex trade by funding an innovative mobile centre. ...
Catholic Leader Team
http://catholicleader.com.au/news/wheels-set-in-motion-to-support-mobile-education-in-cambodia
Thai SEZ eyes Cambodia
The Thai government plans to build a special economic zone (SEZ) worth about $141.6 million in Sa Kaeo, which borders the Kingdom’s Banteay Meanchey and Battambang provinces, to serve SMEs that aim to expand their business into Cambodia, according a Thai media report. ...
Sum Manet
http://www.khmertimeskh.com/news/25858/thai-sez-eyes-cambodia/
‘Political prisoners’ partitioned in Prey Sar
A new set of security measures at Prey Sar prison, designed to stop rampant drug use at the facility, is instead being selectively applied to prisoners being held in a politically sensitive case related to an ongoing sex scandal involving opposition leader Kem Sokha. ...
Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/political-prisoners-partitioned-prey-sar