Cambodia gives region ‘export’ advice
Cambodia’s garment sector yesterday looked more like a teacher to regional economies such as Myanmar than a student of China and other export juggernauts. With more than 500 garment and shoe factories – adding a new one every 10 days, according to the Garment Manufacturers Association ...
Kingdom ranks second for FDI from VN
The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics office (GSO) said from January to June this year, that country’s businesses ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-ranks-second-fdi-vn
Government rips into WWF report
The Ministry of Agriculture’s Forestry Administration spokesman Keo Omaliss hit back on Thursday at a World Wildlife Fund (WWF) report that claims the Greater Mekong will lose 30 percent of its forests by 2030 without drastic action. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/government-rips-wwf-report
Solar panel joint venture coming to K Speu
The production of more than $58 million worth of 60-megawatt solar-panels has begun in Kampong Speu province after the project was approved in May by the Council for the Development of Cambodia (CDC), provincial governor Vy Samnang said. ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/solar-panel-joint-venture-coming-k-speu
Gov’t launches revenue strategy
The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-launches-revenue-strategy
Social fund to cover pensions
At a meeting chaired by Prime Minister Hun Sen on Friday, the Council of Ministers approved a draft law on expanding the scope of the National Social Security Fund (NSSF) to cover pensions. The law is of immense importance, particularly in providing greater protections for ...
Ry Sochan
https://www.phnompenhpost.com/national/social-fund-cover-pensions
Hun Sen officially launches Kantha Bopha foundation in Cambodia
Prime Minister Hun Sen on Wednesday announced the creation of a foundation to raise money to support the country’s five Kantha Bopha children’s hospitals in Phnom Penh and Siem Reap. Hun Sen also said tycoon Kith Meng had donated property valued at $8 million that ...
Niem Chheng
https://www.phnompenhpost.com/national/hun-sen-officially-launches-kantha-bopha-foundation-cambodia
Grade 5 testing aims to cut learning gaps
Cambodia will join three other regional countries in carrying out standardized testing for grade five students as part of a pilot program that aims to improve primary school education in Asean, officials said this week. ...
Janelle Retka
https://www.cambodiadaily.com/news/grade-5-testing-aims-to-cut-learning-gaps-98543/
EU considers union appeals, urges government to respect human rights
The E.U.’s ambassador to Cambodia said he would weigh appeals from pro-government unions critical of a call by opposition party leader Sam Rainsy to push the government to improve its human rights record through increased economic pressure. ...
Khuon Narim, Khy Sovuthy and Sonia Kohlbacher
https://www.cambodiadaily.com/news/eu-considers-union-appeals-committed-to-human-rights-115901/
US slams gov’t over recent political turmoil
A U.S. State Department official told the country’s Senate on Thursday that recent political events in Cambodia, including the beatings of lawmakers outside the National Assembly and the removal of opposition officials from their seats and positions in parliament, were a cause for “grave concern.” ...
George Wright
https://www.cambodiadaily.com/news/us-slams-govt-over-recent-political-turmoil-101119/
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