World Bank in spotlight
As the World Bank considers supplying fresh loans to Cambodia, a new study uses the country as exhibit A for how the financier effectively sponsors corporate land grabs at the expense of the rural poor it purportedly helps. Three years ago, the bank’s own inspectors found ...
Laignee Barron
http://www.phnompenhpost.com/national/world-bank-spotlight
Agriculture issues ‘unresolved’
At the capital’s Peace Palace on Monday, Minister of Agriculture, Forestry and Fisheries Veng Sokhon led a delegation at a meeting with the Supreme Consultation Forum to discuss all issues under the ministry’s remit. Following the meeting, some council members expressed dismay that several of ...
Khorn Savi
https://www.phnompenhpost.com/national/agriculture-issues-unresolved
RUPP plans student swap with Texas school
The Royal University of Phnom Penh (RUPP) signed a memorandum of understanding (MoU) with Angelo State University (ASU) – located in the US city of San Angelo in the state of Texas – on October 25 to strengthen higher education cooperation, expand both institutions’ scope ...
Ry Sochan
https://www.phnompenhpost.com/national/rupp-plans-student-swap-texas-school
Unlicensed lenders called out
Officials have released a public statement warning against a rise in unlicensed lenders they say are dangerously operating outside Of Cambodian regulations and threatening financial stability. In a joint declaration from the Ministry Of Economy and Finance and the National Bank Of Cambodia on Monday, authorities ...
Hor Kimsay
http://www.phnompenhpost.com/business/unlicensed-lenders-called-out
Combating climate change through industrial efficiency
The TEST programme, which aims to fight the effects of climate change by helping corporations adopt efficient and environmentally friendly processes, was launched yesterday in Phnom Penh. ‘TEST’ stands for ‘transfer of environmentally sound technology’. ...
Sok Chan
https://www.khmertimeskh.com/50545686/combating-climate-change-through-industrial-efficiency/
PM asks ministries, institutions, and sub-national administrations to collaborate with the Ministry of Inspection and promote transparency
Dr. Hun Manet, Prime Minister of Cambodia, urged ministries, institutions, and sub-national administrations to collaborate with the Ministry of Inspection to enhance their work. ...
Standard forms aim for public bid transparency
The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...
Stuart White
http://www.phnompenhpost.com/national/standard-forms-aim-public-bid-transparency
ADB: GDP to grow 7.1% in 2017
The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...
May Kunmakara
http://www.khmertimeskh.com/news/30245/adb--gdp-to-grow-7-1--in-2017/
PTT offers $960 mln to buy out Sakari to increase coal assets
Thailand’s top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel On Aug. 13, Sakari announced a joint venture with the Royal Group of ...
http://www.reuters.com/article/2012/08/27/sakari-ptt-idUSL3E8JR02420120827
PM: Ease debt load on flood victims
Prime Minister-designate Hun Sen on Thursday urged the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) to work with all microfinance institutions (MFIs) to find ways to ease debt burdens on those displaced from flooding in the Kingdom. ...
Hin Pisei
https://www.phnompenhpost.com/business/pm-ease-debt-load-flood-victims
Axiata to offer free Wikipedia for mobiles
AXIATA Group Berhad, parent company of local telecommunications provider Smart, and Wikipedia operator the Wikimedia Foundation announced a partnership to offer Wikipedia on mobile devices free of data charges to Axiata customers throughout Asia, a press release said. “Wikipedia is free as such already, but notwithstanding ...
http://www.phnompenhpost.com/2013032164545/Business/axiata-to-offer-free-wikipedia-for-mobiles.html
Foreign Radio Broadcasts Banned Ahead of Election
The Ministry of Information has banned the broadcast of all Khmer-language programs by foreign radio stations for the entire 31 days of the pre-election campaign period and on election day, July 28, warning that legal action will ensue if stations fail to comply. The ban, announced ...
http://www.cambodiadaily.com/elections/foreign-radio-broadcasts-banned-ahead-of-election-32648/
IMF Calls on Cambodia to Broaden Tax Base
.Cambodian government must rise its tax revenue intake if it to stay on a sustainable path toward development, International Monetary Fund officials have said. Although Cambodia is experiencing increased growth in trade and investment, the country should broaden its tax base to create sustainable revenue collection, a ...
Warning for illegal MFIs
The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...
May Kunmakara
http://www.phnompenhpost.com/business/warning-illegal-mfis
Tougher ELC oversight pledged
In what is the government’s latest pledge to hold tycoons and foreign investors to account for their business practices, the Ministry of Environment will begin assessing existing and proposed economic land concessions (ELCs), cancelling or rejecting those that have negative social or environment impacts, a ...
May Titthara
http://www.phnompenhpost.com/national/tougher-elc-oversight-pledged
Court Enforces Injunction Against Mfone
A court official on Friday agreed to implement an injunction to freeze the assets of bankrupt telecommunications firm Mfone Co. Ltd., according to a lawyer in the case. The Phnom Penh Municipal Court issued the injunction against Mfone on January 17, after Huawei Technologies Co. Ltd. ...
‘Ambassador’ Hopes To Raise Tech Skills, Interest Among Girls
Among the few women working in the technology sector in Cambodia is 29-year-old Sok Sikieng, who was recently named “Technovation Ambassador” for the country. ...
Hean Socheata
http://www.voacambodia.com/content/ambassador-hopes-to-raise-tech-skills-interest-among-girls/3225838.html
Cambodia to further augment its digitisation efforts
There has been significant growth in digitisation across the world in recent years and the Covid-19 pandemic only accelerated the process. Cambodia too has been called up to step up investments in the sector to build capacity matching international standards. ...
Kang Sothear
https://www.khmertimeskh.com/501084801/cambodia-to-further-augment-its-digitisation-efforts/
Disability benefits to be broadened by gov’t
A Ministry of Social Affairs official yesterday announced that, starting next year, the government would offer regular payments of 20,000 riel (about $5) to all disabled Cambodians, a benefit that so far has only been available to retired disabled soldiers. In an announcement that coincided with ...
Sen David
http://phnompenhpost.com/national/disability-benefits-be-broadened-gov%E2%80%99t
Prakas Set to Control Tax Agents
The Ministry of Economy and Finance (MEF) last month signed a prakas, a ministerial decision, to ensure tax agents’ professionalism, an insider told the Post yesterday. After the full implementation of Prakas 455, signed on April 12, agents have to pay one million riel to ...
http://www.phnompenhpost.com/2013050265367/Business/prakas-set-to-control-tax-agents.html