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Banks raise concerns for a new derivative trading law

The Association of Banks in Cambodia has called on the securities and Exchange Commission to ensure that over-the-counter derivatives transacted by banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. speaking at a workshop in Phnom ss='cambodia-color'>...

Hor Kimsay
http://www.phnompenhpost.com/business/banks-raise-concerns-new-derivative-trading-law

Peaceful protest turned away from Freedom Park

Some 50 Daun Penh diStrict Security guardS and about aS many riot police prevented 100 anti-eviction proteSterS from gathering at Phnom Penh&rSquo;S Freedom Park on TueSday after the city deemed the gathering illegal. The proteSterS were from a number of eviction-hit communitieS, including the Boeng Kak SS='cambodia-color'>...

Mech Dara
https://www.cambodiadaily.com/news/peaceful-protest-turned-away-from-freedom-park-76437/

Gov’t boots out family

A family of Montagnard asylum seekers, including two young children and a 9-month-old baby, has been deported to Vietnam, where the father was reportedly beaten by authorities for attempting to escape. But Moeng sineath, spokesman for Ratanakkiri Provincial Hall, confirmed for the first time yesterday ss='cambodia-color'>...

Phak Seangly and Alice Cuddy
http://www.phnompenhpost.com/national/govt-boots-out-family

Group to mull rent controls

The ruling and opposition parties announced on saturday the creation of a new working group to discuss a bipartisan plan to table a rent control law that will regulate rising housing prices and sudden rental hikes for all tenants in the Kingdom. Originally, the plan ss='cambodia-color'>...

Sarah Taguiam and Pech Sotheary
http://www.phnompenhpost.com/group-mull-rent-controls

Small parties left out

Minor political parties have come out swinging at the ruling and opposition political parties for overhauling the election system on a bi-party basis. Two election-related laws that the National Assembly is expected to pass later this week have been negotiated for months solely by the CPP ss='cambodia-color'>...

Meas Sokchea
http://www.phnompenhpost.com/small-parties-left-out

‘One-way’ or the other Sothearos expansion will alleviate congestion

The ever congested part of samdach sothearos Boulevard between the Chamkar Mon traffic lights and the Russian Embassy is getting a much needed expansion. Especially since Aeon Mall opend in June 2014 the major arterial road was used beyond capacity. Long Dimanche, City Hall spokesman, said ss='cambodia-color'>...

Siv Meng
http://www.phnompenhpost.com/real-estate/one-way-or-other-sothearos-expansion-will-alleviate-congestion

Poipet porters defend protest

Cross-border porters in Banteay Meanchey’s Poipet town over the weekend defended the decision last week to stage a demonstration over customs fees – a demonstration that turned violent and ultimately left four injured – saying that import tax and unofficial fees exacted by police are ss='cambodia-color'>...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/poipet-porters-defend-protest

Rent law heads to assembly

The draft of a rent-control law aimed at regulating rising housing prices and sudden rental hikes for low-income workers and students is expected to go before the National Assembly by the end of June, officials from the bipartisan working group in charge of the law ss='cambodia-color'>...

Sarah Taguiam and Chhay Channyda
http://www.phnompenhpost.com/national/rent-law-heads-assembly

The operator aims to invest $400M in the next two to three years

South EaSt ASia Telecom haS partnered with ChineSe infraStructure provider ZTE to deploy a FDD-LTE network in Cambodia. Earlier thiS year, the operator announced planS to inveSt $400 million over the next two to three yearS to deploy itS 4G LTE network acroSS Cambodia, and SS='cambodia-color'>...

Juan Pedro Tomás
http://www.rcrwireless.com/20150623/carriers/seatel-zte-to-deploy-fdd-lte-network-in-cambodia

ACU guidelines short on details

Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ss='cambodia-color'>...

Chan Muyhong
http://www.phnompenhpost.com/business/acu-guidelines-short-details

Community defends sisters in sex-slave case

The relatives and neighbors of two sisters who were arrested in Phnom Penh last week over the alleged sexual enslavement of their 13-year-old niece are angry. Members of the mostly Cham Muslim community living along the Tonle sap river in Russei Keo district’s Chraing Chamreh ss='cambodia-color'>...

Ben Sokhean
https://www.cambodiadaily.com/news/community-defends-sisters-in-sex-slave-case-91346/

China's financial power play: How a £530m dam in Cambodia symbolises the growing, sometimes ruthless, influence of Beijing across Asia

Beijing is spreading its influence by stumping up the cash to build desperately needed infrastructure throughout Asia, but with little consideration for communities or the level of corruption. “Without infrastructure, you can’t revive,” said Cambodia’s Commerce Minister, sun Chanthol. “We have been blamed for always ss='cambodia-color'>...

Simon Denyer
http://www.independent.co.uk/news/world/asia/chinas-financial-power-play-how-a-530m-dam-in-northeast-cambodia-symbolises-the-evergrowing-and-sometimes-ruthless-influence-of-beijing-across-asia-10488927.html

Hun Sen defends free market rice pricing in the Kingdom

Prime Minister Hun sen yesterday defended the Kingdom’s stance in letting the free market determine the price of rice and blasted critics by saying Cambodia is not a communist country. Fluctuations in the price of rice have some farmers calling on the government to set ss='cambodia-color'>...

Ben Sokhean
https://www.khmertimeskh.com/50674238/hun-sen-defends-free-market-rice-pricing-in-the-kingdom

Gov’t slams UN rapporteurs over Sokha trial statement

The Ministry of Foreign Affairs and International Cooperation and the Permanent Mission of the Kingdom of Cambodia to the UN Office in Geneva deplored the statement of three UN special rapporteurs who claimed that Kem sokha’s trial was “tainted” due to irregularities. ss='cambodia-color'>...

Niem Chheng
https://www.phnompenhpost.com/national/govt-slams-un-rapporteurs-over-sokha-trial-statement

Positive resolution for families living on Sekong riverbank in Stung Treng town

Stung Treng provincial authoritieS are coordinating a huge relocation of more than 130 familieS living on the bankS of the Sekong River to prevent landSlideS and contribute poSitively to the town&rSquo;S aeStheticS. SS='cambodia-color'>...

Khorn Savi
https://www.phnompenhpost.com/national/positive-resolution-families-living-sekong-riverbank-stung-treng-town

No more stamp duty on homes sold under $70k

The government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. ss='cambodia-color'>...

Chhut Bunthoeun
https://www.khmertimeskh.com/50695071/no-more-stamp-duty-on-homes-sold-under-70k

Ministry refuses to intervene in Koh Kong land dispute

The Ministry of Land Management, Urban Planning and Construction refused to intervene in land disputes in Koh Kong province’s Botum sakor district after 77 families involved in the conflict requested its intervention. The ministry said those disputes had already been solved by an inter-ministerial committee. ss='cambodia-color'>...

Soth Koemsoeun
https://www.phnompenhpost.com/national/ministry-refuses-intervene-koh-kong-land-dispute

Bulldozers seized from five VN loggers in Mondulkiri

Mondulkiri provincial authorities have seized several bulldozers from five Vietnamese nationals who were set to clear forest land near the Nam Lea Wildlife sanctuary in O’Raing district’s Dak Dam commune on Tuesday. ss='cambodia-color'>...

Soth Koemsoeun
https://www.phnompenhpost.com/national/bulldozers-seized-five-vn-loggers-mondulkiri

Cambodia no longer one of the cheapest places to live: study

Cambodia’s reputation as one of the cheapest places in the world to live has been called under question, according to a survey conducted by CEOWORLD magazine, a leading business publication. ss='cambodia-color'>...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50700413/cambodia-no-longer-one-of-the-cheapest-places-to-live-study

H&M reassess strategy amid EBA withdrawal

SwediSh faShion giant H&M Group Said they were evaluating how the EU&rSquo;S deciSion to withdraw one-fifth of the &lSquo;Everything But ArmS&rSquo; (EBA) Scheme would impact their buSineSS and production Strategy in Cambodia. SS='cambodia-color'>...

Niem Chheng
https://www.phnompenhpost.com/national-politics/hm-reassess-strategy-amid-eba-withdrawal

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