Cambodia, Hong Kong agree to foster mutual economic growth
The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster ...
Nhean Chamrong
https://www.khmertimeskh.com/501533198/cambodia-hong-kong-agree-to-foster-mutual-economic-growth/
SERC, CGCC sign pact to promote issuance of guaranteed bonds
The Securities and Exchange Regulator of Cambodia (SERC) and Credit Guarantee Corporation of Cambodia Friday partnered to promote the issuance of guarantee bonds. ...
Chea Vanyuth
https://www.khmertimeskh.com/501551172/serc-cgcc-sign-pact-to-promote-issuance-of-guaranteed-bonds/
Milled rice exports gaining traction
The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...
Labour Law revision could hurt employers: GMAC
The Garment Manufacturers Association in Cambodia welcomed the approval of the amendment of article 89 of the Labour Law on worker protection and severance pay by the government on Friday, but the organisation’s head said the move could financially burden employers. ...
Mom Kunthear
https://www.khmertimeskh.com/50494469/labour-law-revision-could-hurt-employers-gmac/
Groups Demand Mandatory Minimum Wage, Threaten Protest
About 100 people, including 20 monks, held a ceremony in Phnom Penh on Friday in memory of the five people killed a week beforehand when military police opened fire on protesting garment workers, and demanded that the government introduce a mandatory, sector-wide standard minimum wage. In ...
Khy Sovuthy and Lauren Crothers
http://www.cambodiadaily.com/news/groups-demand-a-mandatory-minimum-wage-threaten-to-protest-50428/
Marchers to flout ban on protests
Hundreds of civil society representatives, garment workers and community groups are expected to take to the streets this morning to deliver petitions to foreign embassies calling on the government to release the 23 people arrested during garment worker strikes earlier this month and find justice ...
Kevin Ponniah and Cheang Sokha
http://www.phnompenhpost.com/national/marchers-flout-ban-protests
Worming a Way Into the Agriculture Sector
For 53-year-old farmer Ros Mao, it’s not just the early bird that catches the worm. The Takeo province farmer has raised millions of earthworms for eight years in Tram Trak district, selling the slimy red creatures and using the manure they create to grow his ...
NBC warns against unlicensed deposit schemes
The National Bank of Cambodia issued a letter on Wednesday clarifying that only seven microfinance institutions (MFIs) are licensed to accept deposits from the public. The notification came after the central bank noticed several “rural credit operators” – institutions smaller than a typical MFI that ...
Hor Kimsay
https://www.phnompenhpost.com/business/nbc-warns-against-unlicensed-deposit-schemes
Two power plants get ministers council OK
The Cambodian government on Friday approved two power plant projects worth more than $1.3 billion in total in what authorities said was an effort to reduce the Kingdom’s dependence on imports. ...
Sorn Sarath
https://www.phnompenhpost.com/business/two-power-plants-get-ministers-council-ok
Parliament issues code of ethics
The National Assembly has produced its first code of ethics to ensure that all lawmakers work independently and humbly and uphold the country’s interest. Leng Peng Long, spokesman for the National Assembly, said yesterday said that the code of ethics approved earlier this month requires ...
Khy Sovuthy
https://www.khmertimeskh.com/50495412/parliament-issues-code-of-ethics/
Tax collection rises 66% in H1
The General Department of Taxation (GDT) collected more than $1.5 billion in tax revenue in the first six months of this year, up 66 per cent from the same period last year, according to a report released by the department on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/tax-collection-rises-66-h1
Tougher action needed against criminal foreigners, official says
A senior Interior Ministry official has urged police to take tough action against Chinese nationals committing crimes in the Kingdom. Speaking during a meeting with police officials yesterday, General Sok Phal, a secretary of state at the Ministry of Interior, said that immigration police had ...
Khuon Narim
https://www.khmertimeskh.com/50533289/tougher-action-needed-against-criminal-foreigners-official-says/
Outcomes of the working visit of Prime Minister of the Kingdom of Cambodia to Turkey
From 20-22 October 2018, Prime Minister Hun Sen, paid a working visit to the Republic of Turkey at the invitation of the Government of the Republic of Turkey. During his stay in Istanbul, Mister Prime Minister paid a courtesy call on H.E. Mr. Bainali Yildirim, ...
Ministry of Foreign Affairs and International Cooperation
Cambodia telecom companies urged to pay overdue regulatory fees
The government has issued a new warning to telecommunications companies that have yet to deliver outstanding payments to the Kingdom’s ministries, giving regulators until the end of the month to settle their debts. ...
Hor Kimsay and Robin Spiess
https://www.phnompenhpost.com/business/cambodia-telecom-companies-urged-pay-overdue-regulatory-fees
Tourism industry unruffled by election – experts
Tourism officials and industry insiders say the upcoming election is not affecting the flow on tourists into the Kingdom. Kong Sophearak, director of the Statistics Department of the Ministry of Tourism, told Khmer Times that despite this month’s election and the ongoing political rallies throughout ...
May Kunmakara
https://www.khmertimeskh.com/50510282/tourism-industry-unruffled-by-election-experts/
China tips the scales away from the US in push for Cambodian influence
During what is the 60th year of bilateral ties between the two countries, China has ramped-up aid to Cambodia, pledging millions in military funding, infrastructure projects and election support. ...
Edouard Morton and Kinling Lo
https://www.scmp.com/news/asia/southeast-asia/article/2154701/china-tips-scales-away-us-push-cambodian-influence
Hun Sen: Kingdom always stays strong when aid cut
Prime Minister Hun Sen said on Thursday that under his leadership Cambodia had never fallen after countries withdrew aid, and that the Kingdom would continue to remain strong. Hun Sen was presiding over a ceremony at the Chaktomuk Theatre Hall in Phnom Penh to commemorate ...
Niem Chheng
https://www.phnompenhpost.com/national/hun-sen-kingdom-always-stays-strong-when-aid-cut
Kampot ferry construction delayed
Construction on a new tourist ferry port located about 6 kilometres from the provincial capital in Kampot province has been delayed, although a Tourism Ministry spokesman promised that construction would begin before the end of this year. ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/kampot-ferry-construction-delayed
S’pore firm announces plans for local solar sector
Singapore-based Indochina Energy Partners is focusing on rooftop solar installations in three Southeast Asian nations, including Cambodia. According to a report by ScanAsia released Monday, IEP is working on rooftop photovoltaic panel installations in Vietnam, Myanmar and Cambodia. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50644868/spore-firm-announces-plans-for-local-solar-sector/
Exports of footwear and travel goods buoyed by tariff privileges
Cambodia’s footwear and travel goods exports dramatically increased in the first nine months of this year, thanks to tariff privileges they received from the US under its Generalised System of Preferences (GSP). ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-footwear-and-travel-goods-buoyed-tariff-privileges