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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 ...

http://www.phnompenhpost.com/index.php/2012040355384/Business/cambodia-gives-region-export-advice.html

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

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