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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

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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

Learn DTAs, says Kith Meng

A sound understanding of double taxation avoidance agreements (DTAs) between Cambodia and other countries is crucial to lower barriers to promote cross-border investments and boost trade and economic flows between the Kingdom and its partner countries, said the president of the Cambodia Chamber of Commerce ...

May Kunmakara
http://www.khmertimeskh.com/news/26323/learn-dtas--says-kith-meng/

Krungsri expects more growth from Cambodian MFI

Thailand’s Bank of Ayudhya released its first financial statement since completing its acquisition of Cambodian microlender Hattha Kaksekar Ltd (HKL) last month, showing a quarterly net profit increase of 10.6 percent from a year earlier. ...

Kali Kotoski
http://www.phnompenhpost.com/business/krungsri-expects-more-growth-cambodian-mfi

Date set for Cambodian-grown dates

A rising global demand for dates is behind the memorandum of understanding (MoU) signed in Phnom Penh yesterday between companies from Cambodia, Thailand and Israel, seeking to start growing the fruit in Cambodia within the next 10 years. ...

Sok Chan
http://www.khmertimeskh.com/news/31194/date-set-for-cambodian-grown-dates/

Gray-market cars continue to deter potential investment

Germany’s car manufacturers are on edge as the U.K., their No. 1 importer, prepares to leave the E.U. And although expanding into Cambodia’s market is unlikely to ease their anxiety, German investors who gathered in Phnom Penh on Thursday said whatever potential might exist here ...

Hang Sokunthea
https://www.cambodiadaily.com/business/gray-market-cars-continue-to-deter-potential-investment-125321/

Chemical weapons team ends mission in Mondulkiri

A technical team from the Organisation for the Prohibition of Chemical Weapons finished inspecting 12 chemical bomb sites in Mondulkiri province yesterday.​ ...

Phak Seangly
http://www.phnompenhpost.com/national/chemical-weapons-team-ends-mission-mondulkiri

Maids depart for Hong Kong as part of new program

Labour officials sent off 14 maids to Hong Kong yesterday in celebration of a pilot program that hopes to funnel up to 1,000 maids to the Asian financial hub despite concerns from rights groups. ...

Yon Sineat and Daphne Chen
http://www.phnompenhpost.com/national/maids-depart-hong-kong-part-new-program

Budget for 2017 to increase by $5 bil

The government plans to increase the 2017 national budget by 15.7 percent, to more than $5 billion – representing an increase over this year’s government expenditure of more than $4.3 billion – a government source said yesterday. ...

May Kunmakara
http://www.khmertimeskh.com/news/31046/budget-for-2017-to-increase--by--5-bil/

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