China's ICBC offers RMB transfers
A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...
Industry leaders voice concern over sky-high cost of electricity
Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ...
Kali Kotoski
http://www.phnompenhpost.com/business/industry-leaders-voice-concern-over-sky-high-cost-electricity
Wage talks remain in deadlock
The third day of negotiations between members of a working group trying to reach a consensus on the minimum monthly garment wage remained stagnant yesterday, as manufacturers refused to budge from their $110 offer. ...
Mom Kunthear and Sean Teehan
http://phnompenhpost.com/national/wage-talks-remain-deadlock
Announcement on the postponement of the High School Diploma Examination dated 21 December 2020 to mid-January 2021
On 07 December 2020, the Ministry of Education, Youth and Sport issued an announcement on the postponement of the High School Diploma Examination dated 21 December 2020 to mid-January 2021. The decision was made due to the uncertain situation of the impact of the 28 ...
Ministry of Education, Youth, and Sport
Tax incentives offered for expansion of Qualified Investment Projects
In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. ...
James Whitehead
https://www.khmertimeskh.com/501501730/tax-incentives-offered-for-expansion-of-qualified-investment-projects/
Cambodia's Free Trade Union offers minimum wage plan
In the latest bid for an increase in garment-industry wages, Free Trade Union (FTU) president Chea Mony yesterday called on the Garment Manufacturers Association in Cambodia (GMAC) to come to the table and discuss a $120-per-month minimum wage. A few days after Cambodian Confederation of Unions ...
Bilateral investment treaties offer investment protection through arbitration
Bilateral Investment Treaties (BITs) are intra-state legal mechanisms which encourage foreign investment. This is particularly so as they provide foreign investors with Investor State Dispute Settlement (ISDS) mechanisms to enforce investment protections through international arbitration against the host state before a neutral tribunal. Cambodia has signed over ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTQ5ZWI5NTZjN2F
Japanese firm plans Cambodian fund for later this year
Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to ...
UDG to pay for damaged crops
A total of 13 out of 14 families locked in a land dispute with the Union Development Group in Koh Kong province on Tuesday accepted a compensation offer over crops destroyed by the company in January. Negotiations are also under way with the one family ...
Pech Sotheary
https://www.khmertimeskh.com/50500685/udg-to-pay-for-damaged-crops/
Ministry offers public Wi-Fi to boosts tourism
The Ministry of Post and Telecommunications has opened Wi-Fi to the public at Ochheuteal and Otres beaches in Preah Sihanouk province to provide free internet service for both locals and foreign guests, aiming to enhance the tourism sector. ...
Samban Chandara
https://www.phnompenhpost.com/national/ministry-offers-public-wi-fi-to-boosts-tourism
Annual cold spell on the way: weather official
Ministry spokesman Mao Hak said yesterday that seasonal rains are expected to taper off in mid-November, with cooler winds sweeping into the Kingdom from Siberia and Tibet, promising a “winter” even cooler than last year’s, in which some areas saw temperatures as low as 18 ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/annual-cold-spell-way-weather-official
Notification of the offers on employment and training services, technical expertises and professions to Khmer laborers, who just returned from the Kingdom of Thailand
Ministry of Labour and Vocational Training is honored to inform Khmer laborers, newly returned from the Kingdom of Thailand, as well as the public to know that the Ministry has prepared mobile information booths of the National Employment Agency and the General Directorate of Education, ...
Ministry of Labor and Vocational Training
Minister to kids: Study digital technology skills
The Minister of Posts and Telecommunications Chea Vandeth issued a formal letter on October 18 appealing to students who are taking the upcoming high school diploma exam to focus on learning digital skills. ...
Vann Sak
https://www.phnompenhpost.com/national/minister-kids-study-digital-technology-skills
MISTI’s STEM guidebook for students choosing higher education degrees
THE Ministry of Industry, Science, Technology and Innovation (MISTI) provides a free PDF Science, Technology and Innovation guidebook to students looking to choose a higher education degree involving science, technology, engineering and mathematics (STEM) in Cambodia. ...
Hang Punreay
https://www.khmertimeskh.com/501346587/mistis-stem-guidebook-for-students-choosing-higher-education-degrees/
Group’s prison visit curtailed
In a move seemingly incongruent with the government’s plans to offer clemency to a number of female inmates on International Women’s Day on Sunday, a local rights group announced yesterday that new restrictions introduced by authorities have forced them to cancel prison activities marking the ...
Chhay Channyda
http://www.phnompenhpost.com/groups-prison-visit-curtailed
Water Authority Stock Launch May Be Delayed
It is unclear if the Phnom Penh Water Supply Authority will be ready to launch its initial public offering on Nov 11 as planned, the managing director of Tong Yang Securities, the firm preparing the IPO, said yesterday. “Everyone in this IPO are working very ...
Thai bank’s $140M offer to buy Cambodian MFI on hold
Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...
Hor Kimsay
http://www.phnompenhpost.com/business/thai-banks-140m-offer-buy-cambodian-mfi-hold
NEA slated to hold job forum in S’ville
The National Employment Agency (NEA) of the Ministry of Labour and Vocational Training is gearing up to hold a job forum in Village 5 of Sihanoukville’s Commune IV on April 26, with around 1,000 jobs at large private firms on offer. ...
Rann Reuy
https://www.phnompenhpost.com/national/nea-slated-hold-job-forum-sville
'Gender Cafe' Offers Women a Place to Express Themselves
Busy juggling jobs, children, and housework, Cambodian women do not have the time, or platforms, to discuss bigger women-related issues like abuse, migration and forced eviction. And that is why a new initiative, called “Gender Cafe,” aims to change that by giving local women a ...
Weighing risk and reward on construction sites
As the booming construction sector attracts more rural Cambodians to seek employment in the capital, the different working conditions between high-rises in urban areas and borey developments have factored into varying degrees of earning potential and living standards.According to estimates by the Ministry of Land ...
Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/weighing-risk-and-reward-construction-sites