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ACU guidelines short on details

Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ...

Chan Muyhong
http://www.phnompenhpost.com/business/acu-guidelines-short-details

Derivatives licensing capped by regulator

Cambodia’s capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. ...

Hor Kimsay
http://www.phnompenhpost.com/business/derivatives-licensing-capped-regulator

RCAF commander criticises US debt demands

Lieutenant General Hun Manet, deputy commander of the Royal Cambodian Armed Forces Infantry Unit, on Saturday said the United States lent money to the Lon Nol regime for weapons that were used to kill Cambodians.Speaking to soldiers while inaugurating a new building in Siem Reap ...

Khuon Narim
http://www.khmertimeskh.com/50106536/rcaf-commander-criticises-us-debt-demands/

Rare deer caught on film for first time in a decade

Four endangered hog deer have been recorded using camera traps for the first time in a decade in Kratie province, offering hope that the population of the species may be on the rise. ...

Mom Kunthear
http://www.khmertimeskh.com/5082524/rare-deer-caught-film-first-time-decade/

Japan firms link up to offer leasing

Rent Japan Group Inc, a publicly listed Japanese company that specializes in the recycling and reuse of consumer products, will establish a joint venture with a Japanese financial services firm to launch a new leasing company in Cambodia, it said in a filing yesterday to ...

Kali Kotoski
http://www.phnompenhpost.com/business/japan-firms-link-offer-leasing

EU pledges new grant framework to support Cambodia’s priorities

The European Union has pledged to continue supporting the public financial management reform programme under the new grant framework agreement between the Royal Government of Cambodia and the EU. ...

Khmer Times Staff
https://www.khmertimeskh.com/50980286/eu-pledges-new-grant-framework-to-support-cambodias-priorities/

Seven new Cambodian ambassadors meet Sudary before starting mission

Seven new Cambodian ambassadors paid a courtesy call on the National Assembly President Khuon Sudary at the National Assembly on Monday before embarking on their diplomatic mission to a variety of countries. ...

Torn Vibol
https://www.khmertimeskh.com/501351358/seven-new-cambodian-ambassadors-meet-sudary-before-starting-mission/

Government announces start of garment sector wage talks

The Labor Ministry on Friday announced that formal negotiations to set a new minimum wage for the country’s all-important garment sector—now at $128 a month—will begin in July, reviving the same schedule for talks it used with unions and employers for the first time last ...

Mech Dara
https://www.cambodiadaily.com/news/government-announces-start-of-garment-sector-wage-talks-85550/

App showcases Cambodia’s ecotourism gems

A new app, Doe leng Sruk Yoeng, has been launched by the Ministry of Environment (MoE) with the aim of promoting the Kingdom’s ecotourism hotspots, providing up-to-date transport information and tools to share holiday memories. ...

Yatt Malai
https://kiripost.com/stories/app-showcases-cambodias-ecotourism-gems

Out-of-court mediation authority accepting complaints from March 1

The National Authority for Out-of-Court Dispute Resolution (NAOCDR), the Justice Ministry’s new mediation body, has announced that citizens who are suffering any kind of injustice can formally lodge their complaints beginning on March 1. ...

Tith Kongnov
https://www.khmertimeskh.com/501420473/out-of-court-mediation-authority-accepting-complaints-from-march-1/

Corporate bonds edging closer to launch

Cambodia’s market regulator has finalised regulations for establishing a corporate bond, moving one step closer to introducing a new capital market tool that would allow companies to raise funds for expansions, debt refinancing or acquisitions, officials announced yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/corporate-bonds-edging-closer-launch

Garment buyers asked to bring in tech

The government is calling on international buyers to increase investment in the garment and footwear sector and to introduce new technologies to help modernise the industry, according to a senior official from the Ministry of Commerce (MoC). ...

Sok Chan
http://www.khmertimeskh.com/5090886/garment-buyers-asked-bring-tech/

US retailers express support for Cambodian living wage

As a new round of Cambodian wage negotiations approaches this month, major U.S. and European retailers who source from the country say they will be watching the talks carefully and want to see fair pay for workers. Representatives of the brands like Gap, Levi Strauss, and ...

Kimseng Men
http://www.voanews.com/content/us-retailers-express-support-for-cambodian-living-wage/2470747.html

Telecoms operator educates the masses

Telecoms operator Metfone, a subsidiary of Vietnam’s Viettel Group, has deployed a digital education system in Siem Reap, approaching a total of 3,000 schools nationwide. In a memorandum of understanding (MoU) signing ceremony yesterday, Siem Reap’s 10 Makara 1979 High School became the latest education ...

Sok Chan
https://www.khmertimeskh.com/50757705/telecoms-operator-educates-the-masses/

Congestion costing ‘$6 million a month’

Phnom Penh authorities yesterday offered an economic argument for ministries, motorists and citizens to respect traffic laws, claiming that congestion-related costs in the capital were setting the country back about $6 million per month. ...

Pech Sotheary and Mom Kunthear
http://www.phnompenhpost.com/national/congestion-costing-6-million-month

Foreigners working in Cambodia face permit fines

About 100,000 foreigners working without permits will be fined after Khmer New Year and potentially face jail time and deportation if they fail to get paperwork or pay their fines, the Ministry of Interior and Ministry of Labour announced yesterday. ...

Mech Dara
http://www.phnompenhpost.com/national/foreigners-working-cambodia-face-permit-fines

Disabled ‘excluded from vote’

Disabled people in Cambodia may frequently be excluded from the election process, according to a new study that is to be released next week that indicates local authorities consistently refuse to issue identity cards to the physically and developmentally disabled. ...

Taing Vida
http://www.phnompenhpost.com/national/disabled-excluded-vote

Notification on the campaign of loving riel banknotes

On 31 August 2017, the National Bank of Cambodia issued a notification to the public, which contributed to the celebration of the Khmer traditional Phcum Ben festival. The National Bank of Cambodia will provide an opportunity to the public with old, crumble or torn banknotes ...

National Bank of Cambodia

Download: pdf

Kingdom ‘has done more virus tests than some neighbours’

With no new reported coronavirus  cases over the past eight days, the Ministry of Health as of yesterday has tested nearly 10,000 specimens for possible infections in the Kingdom, showing a higher ratio compared with some other Asean members.​ ...

Ben Sokhean
https://www.khmertimeskh.com/50715191/kingdom-has-done-more-virus-tests-than-some-neighbours/

Tourism industry expert urges creation of more attractions

Tourism industry experts are anticipating an increase in visitors to the Kingdom during this year’s high season and encouraging communities in lesser-known areas to think creatively and find new ways to draw tourists out from the usual destinations. ...

Van Socheata
https://www.phnompenhpost.com/business/tourism-industry-expert-urges-creation-more-attractions

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