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NBC releases Financial Stability Review to the public for the first time

The National Bank of Cambodia (NBC) released its Financial Stability Review for the first time on Wednesday, outlining the work needed to monitor economic security and develop macro-prudential measures to cope with systemic risks. The Financial Stability Review has been produced by NBC since 2001 ...

Hor Kimsay
https://www.phnompenhpost.com/business/nbc-releases-financial-stability-review-public-first-time

70 pct of Cambodian leaders, senior officials declare assets for 3rd time

Cambodia’s Anti-Corruption Unit (ACU) announced Wednesday that 70 percent or 10,683 of the leaders and senior officials had already declared their assets for the third time. ...

The Cambodia Herald​ News Staff
http://www.thecambodiaherald.com/cambodia/70-pct-of-cambodian-leaders-senior-officials-declare-assets-for-3rd-time-8125

Insurance claims through the roof

Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...

Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof

TVK director resigns, apparently in response to gov’t criticism

Kem Gunawadh, the long-serving director-general of TVK who helped set up the state broadcaster in 1983, resigned abruptly on Saturday in what his successor said was a reaction to government criticism over his decision not to broadcast live that morning’s annual Royal Plowing Ceremony. The resignation ...

Phann Ana and Simon Henderson
http://www.cambodiadaily.com/news/tvk-director-resigns-apparently-in-response-to-govt-criticism-58980/

City Hall orders 40 more buses

Phnom Penh City Hall has purchased 40 secondhand buses from South Korea for an expansion of the city’s fledgling public bus service, said a municipal official who declined to reveal the details of the order. City Hall spokesman Long Dimanche said the buses are slotted to ...

Hul Reaksmey
http://www.cambodiadaily.com/news/city-hall-orders-40-more-buses-62352/

Retail fuel rates raised for fifth time

Economists and manufacturing players are concerned about the relentless rise in Cambodian fuel prices, which they blame for a general upswing in the prices of other goods and services – a trend many fear may be extended by Russia’s military offensive in Ukraine.   ...

Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-raised-fifth-time

Gov’t bans alcohol ads to reduce traffic deaths

Television and radio stations will be barred from broadcasting advertisements for alcohol during the primetime 6 p.m. to 8 p.m. slot beginning next month, as part of the government’s effort to reduce the number of fatalities resulting from drunk driving, officials at the Ministry of ...

Aun Pheap
http://www.cambodiadaily.com/news/government-bans-alcohol-ads-in-effort-to-reduce-traffic-deaths-67735/

PM calls out US again for bombs

Cambodian Prime Minister Hun Sen yesterday used a speaking slot at a children’s rights conference to once again castigate the United States, urging the UN to “increase its volume” in condemning the US for dropping bombs that maimed and killed children.​ ...

Touch Sokha and Erin Handley
http://www.phnompenhpost.com/national/pm-calls-out-us-again-bombs

Cambodia Posts sets stricter time demands

Cambodia Post (CP) has imposed more stringent time demands for its domestic Express Mail Service (EMS) across its branches to carve a larger slice of the local market and offset the Covid-19 pandemic’s toll on international postage services, the state-owned enterprise said in a notice ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-posts-sets-stricter-time-demands

Siem Reap welcomes its first international flight for the first time in 20 months

Cambodia’s Siem Reap International Airport has finally welcomed its first international passenger flight for the first time in 20 months. The inaugural flight flew in from Singapore, and landed in Siem Reap airport at 9:45 am on Friday. Siem Reap is one of the three ...

Khmer Times Staff
https://www.khmertimeskh.com/50992298/cambodia-welcomes-its-first-international-flight-for-the-first-time-in-20-months/

Pay taxes on time, GDT urges taxpayers

Taxpayers should ensure proper implementation and timely tax declaration to avoid interruptions on the last tax declaration day, the General Department of Taxation said, noting that it makes adjustments and is continuously developing information technology systems to make it easier for taxpayers. ...

Hin Pisei
https://www.phnompenhpost.com/business/pay-taxes-time-gdt-urges-taxpayers

CNRP’s wish list for NEC narrows

The opposition is eyeing two leading civil society figures and deputy party leader Kem Sokha’s daughter to fill the three remaining slots the party holds on the nine-member National Election Committee, according to a high-level party source. Cambodia National Rescue Party lawmaker-elect Kuoy Bunroeun has already ...

Meas Sokchea, Kevin Ponniah and David Boyle
http://www.phnompenhpost.com/national/cnrp%E2%80%99s-wish-list-nec-narrows

Wife of Pailin Governor Reaps Benefits From Casino Deal

Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...

Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/

Two Years In, Kampot Casino Downsizes

The Ha Tien Vegas Entertainment Resort and casino in Kampot Province along the Vietnamese border announced yesterday that it has sacked 500 employees and shut down its 130-room resort less than two years after it became the first casino to open in the province. The company said ...

Cambodia low on energy ranking

Low electrification rates and over-dependence on fossil fuel imports have contributed to Cambodia’s abysmally low ranking in the new World Economic Forum’s Global Energy Architecture Performance Index Report for 2014. Cambodia ranked 120 out of 124 nations, with a so-called Energy Architecture Performance Index (EAPI) score ...

Eddie Morton
http://www.phnompenhpost.com/business/cambodia-low-energy-ranking

Voice of America planning to discuss buying air-time

Voice of America (VOA) has contacted Beehive Radio FM 105 and Radio FM 102 to discuss buying air-time to broadcast again, they said. VOA had recently received approval from the Minister of Information to go on air. ...

Khorn Savi
https://www.phnompenhpost.com/national/voice-america-planning-discuss-buying-air-time

Economy to contract for the first time since conflict ended

The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...

Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/

E-wallet payments nine times GDP: NBC

E-payment trends in Cambodia have significantly consolidated in recent years as more and more people transition from cash-based to digital transaction options, the National Bank of Cambodia (NBC) reaffirmed in a recent report. ...

May Kunmakara
https://www.phnompenhpost.com/business/e-wallet-payments-nine-times-gdp-nbc

‘Plenty of food’ for Cambodians during uncertain COVID times

A government ministry has reassured the public that there is no need to panic over potential food shortages amid the ongoing COVID-19 pandemic. ...

Sok Chan
https://www.khmertimeskh.com/50707165/plenty-of-food-for-cambodians-during-uncertain-covid-times/

Race against time for Chinese approval of longan shipments

The Ministry of Agriculture, Forestry and Fisheries and the Pailin Longan Association (PLA) are fast-tracking negotiations for market access to China in a race against time to reach a prompt and meaningful resolution to the plight facing longan growers before peak harvest season. ...

Thou Vireak
https://www.phnompenhpost.com/business/race-against-time-chinese-approval-longan-shipments

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