NBC navigating China’s cross-border interbank payment system: Serey
Cambodia’s journey towards becoming a member of the Chinese central bank’s Cross-Border Interbank Payment System (CIPS) will require more time due to the “stringent conditions” put forth by the central bank, according to National Bank of Cambodia (NBC) deputy governor Chea Serey. ...
Van Socheata
https://www.phnompenhpost.com/business/nbc-navigating-chinas-cross-border-interbank-payment-system-serey
Serey: Central bank’s MoU with UnionPay not yuan agreement
National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...
Sok Raksa
https://www.phnompenhpost.com/business/serey-central-banks-mou-unionpay-not-yuan-agreement
Cambodia expects to earn about $88 million a year in transportation costs from the Funan-Techo Canal Project
Cambodia expects to earn $88 million a year from transportation through the Funan-Techo canal by 2050 and reach $570 million a year by then. ...
Khmer Times Staff
https://www.khmertimeskh.com/501483086/cambodia-expects-to-earn-about-88-million-a-year-in-transportation-costs-from-the-funan-techo-canal-project/
Inside the criminal network ravaging Cambodia’s forests ― and the community fighting to save them
These illicit networks have had devastating ramifications in Cambodia, where rural poor and indigenous communities have relied on forested areas as a vital source of income for thousands of years. With one of the highest rates of tree cover loss in the world, the country saw nearly 2 million hectares, ...
Jesselyn Cook
https://www.huffingtonpost.com/entry/cambodia-forest-devastation_us_5a3d86b0e4b06d1621b45772
Commercial court one step closer, official says
The Ministry of Justice and the Asian Development Bank (ADB) have advanced discussions to establish a commercial court, a first for the Kingdom. The ADB will provide technical assistance, said a senior ministry official. Ministry secretary of state Chiv Songhak chaired a meeting last week ...
Post Staffs
https://www.phnompenhpost.com/national/commercial-court-one-step-closer-official-says
Govt, JICA sign $57.5 million deal to improve NR 5
The Royal Government of Cambodia (RGC) and Japan International Cooperation Agency (JICA) Friday signed a $55 million loan agreement to improve the National Road 5 (NR 5) and a $2.5 million grant agreement to boost the Human Resource Development Scholarship (JDS). ...
Nhean Chamrong
https://www.khmertimeskh.com/501526838/govt-jica-sign-57-5-million-deal-to-improve-nr-5/
The canes of wrath
Satiating the demands of the global sugar industry is big business for Cambodia’s sugarcane plantations. Yet accusations of human rights abuses and land grabs in the Kingdom have left a bitter aftertaste for many on the ground as companies vie for a larger slice of ...
Baffling Mass Faintings in Cambodia
It sounds like something from a Victorian novel – hundreds of young women falling, en masse, into a swoon. But this phenomenon has become a bafflingly common occurrence in modern-day Cambodia. The incidents have been limited to women working in a small number of the country’s ...
Cambodia denies backing Japan's plan to enhance military role
Cambodia vehemently denied that it has supported Japan‘s plan to enhance its military role, according to a statement released by the Ministry of Foreign Affairs on Tuesday. “The spokesperson of the Ministry of Foreign Affairs and International Cooperation wishes to strongly reject the recent publications of Kyodo ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-07/01/c_133451532.htm
Acleda to sell vehicle tax stamps
Cambodia’s government yesterday announced it had chosen the largest local bank, Acleda Bank Plc, to be its partner for vehicle tax stamp sales. Acleda will operate for the General Department of Taxation of the Ministry of Economy and Finance in all 23 provinces and Phnom Penh. Sim Eang, royal ...
Brokers nabbed at airport
Four brokers accused of duping 19 victims out of thousands of dollars for non-existent jobs in South Korea were arrested at Phnom Penh International Airport on Saturday. Keo Thea, chief of Phnom Penh’s anti-human trafficking and juvenile protection department, said Por Sen Chey district police arrested ...
http://www.phnompenhpost.com/index.php/2012080657832/National-news/brokers-nabbed-at-airport.html
Sar Kheng urges police academy grads to adopt ‘higher standards’
Minister of Interior Sar Kheng is leading the charge for higher standards among Cambodia’s police force. Speaking to this year’s crop of 569 police science graduates, he stressed the importance of applying their knowledge with efficiency and integrity. ...
Kim Yutharo
https://www.phnompenhpost.com/national/sar-kheng-urges-police-academy-grads-adopt-higher-standards
CHRC shares report before submission to OHCHR
The Cambodian Human Rights Committee (CHRC) held a workshop to share its findings on the implementation of the International Covenant on Economic, Social and Cultural Rights in the Kingdom. It aimed to increase awareness among stakeholders and gather input to optimise the report, before it ...
Post Staff
https://www.phnompenhpost.com/national/chrc-shares-report-submission-ohchr
Autumn equinox over Angkor showcases ‘ancestors wisdom’
The autumnal equinox will occur this year on September 23. The phenomenon, which signifies an equal duration of day and night due to the Earth’s position in its orbit around the sun, happens twice a year in September and March. At these times, the sun ...
Bor Pich Zelin
https://www.phnompenhpost.com/national/autumn-equinox-over-angkor-showcases-ancestors-wisdom
Cambodia’s election body says PM’s party wins 82.3 percent of the popular votes in election
The ruling Cambodian People’s Party (CPP) of Prime Minister Samdech Techo Hun Sen won a landslide victory in Sunday’s general election, said the National Election Committee (NEC)’s preliminary results released on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501332138/cambodias-election-body-says-pms-party-wins-82-3-percent-of-the-popular-votes-in-election/
Thai firm says Xayaburi project has begun
The controversial Xayaburi hydro-electric dam project in northern Laos may have already begun, despite countries, including Cambodia, requesting further studies to assess possible negative effects on Lower Mekong communities.Thai development firm Ch.Karnchang said it was due to begin building the dam on March 15 after finalising a ...
http://www.phnompenhpost.com/index.php/2012041955661/National-news/worrying-dam-claims.html
CHRC report progress with human rights talks with UN
The Cambodian Human Rights Committee (CHRC) has announced the “success” of recent human rights dialogue between the ASEAN Intergovernmental Commission on Human Rights (AICHR) and the UN Office at Geneva. It noted that the talks had made a significant contribution to the implementation of a ...
Samban Chandara
https://phnompenhpost.com/national/chrc-report-progress-human-rights-talks-un
Fees too high: AirAsia CEO
While AirAsia, one of the world’s largest low-cost airline, is gearing toward an expansion in the region, the company’s chief executive said that serving Cambodia was expensive due to high airport fees. Airport charges are high and restrictive, as are over-flight fees, compared to other countries in ...
Sar Sokha calls on NCAT to intensify anti-torture efforts
Minister of Interior Sar Sokha has urged the National Committee Against Torture (NCAT) to intensify their educational outreach and to expand collaboration with relevant authorities and organisations to bolster the respect for human rights and to tackle torture, cruelty and the degradation of societal ethics. ...
Samban Chandara
https://phnompenhpost.com/national/sar-sokha-calls-ncat-intensify-anti-torture-efforts