Demand for wage increases rejected
Cambodia, with over 400 garment and footwear factories, has become an Asian clothes manufacturing center, and hugely profitable for the factory owners They have rejected a demand by the Cambodian Confederation of Unions to double the minimum monthly wage of factory workers from $61. The ...
http://www.vancouversun.com/business/Demand+wage+increases+rejected/8044435/story.html#ixzz2MYys4mpC
Micro-Lender To Roll Out ATM Service
Hattha Kaksekar Limited, one of the country’s largest microfinance institutions (MFIs), is in talks to become a commercial bank by 2014, an official at the micro-lender said yesterday. The move, if successful, will be in line with the Central Bank’s policy to support MFIs in diversifying ...
Settle vehicle import taxes owed by Dec 31: customs
The General Department of Customs and Excise of Cambodia (GDCE) on December 1 reiterated a call on owners of left-hand drive vehicles who have yet to pay any applicable import taxes or related fees due to do so before December 31, in order to benefit ...
Nov Sivutha
https://www.phnompenhpost.com/business/settle-vehicle-import-taxes-owed-dec-31-customs
Meet focuses on technology’s role in sustainable agriculture
The state-run Agriculture and Rural Development Bank (ARDB) is hosting the three-day 47th Association of Development Financing Institutions (DFIs) in Asia and the Pacific’s (ADFIAP) annual meetings that kicked off in Phnom Penh, yesterday, outlining the role of technology and innovation in enhancing agricultural productivity, ...
Chea Vanyuth
https://www.khmertimeskh.com/501489148/meet-focuses-on-technologys-role-in-sustainable-agriculture/
Social Work to shape Kingdom
Social work, long-established in developed countries but unheard-of in Cambodia, could be set to change the face of child protection in the country as interest in the field grows. Last week, a hundred potential social workers from around the country came to Phnom Penh for an ...
http://www.phnompenhpost.com/index.php/2012092558885/Lifestyle/social-work-to-change-cambodia.html
New high-tech move in farming
The Ministry of Agriculture, Forestry and Fisheries (MAFF) is promoting the use of an information technology and digital suite designed to establish the country’s Agricultural Big Data Platform (ABDP). ...
Sorn Sarath
https://www.khmertimeskh.com/50757473/new-high-tech-move-in-farming/
Conference throws spotlight on key role of banks
The 9th NBC Annual Macroeconomic Conference 2022 kicked-off today, highlighting how financial institutions, particularly banks, continue to be crucial participants in funding the real economy and supporting recovery. ...
Seng Mengheng
https://kiripost.com/stories/conference-throws-spotlight-on-key-role-of-banks
Industry Ministry to Be Split, New ‘Handicraft’ Focus
The National Assembly is set to dismantle the Ministry of Industry, Mines and Energy, rebuilding it as the Ministry of Mines and Energy and creating a new Ministry of Industry and Handicrafts, a senior CPP lawmaker confirmed on Friday. The move comes just a few weeks ...
Kuch Naren
http://www.cambodiadaily.com/news/industry-ministry-to-be-split-new-handicraft-focus-46782/
IDs are not ‘sufficient guarantee’ for loans
Cambodia’s central bank has asked all financial institutions, especially rural lenders, to refrain from accepting personal identity cards, residential records and family books as a guarantee while giving out loans to consumers. ...
Sor Chandara
http://www.phnompenhpost.com/business/ids-are-not-sufficient-guarantee-loans
More participatory five-year disaster risk reduction action plan endorsed
In a plenary session on July 5, the Council of Ministers reviewed and endorsed the National Action Plan for Disaster Risk Reduction (NAP-DRR) with more participatory preparedness, well mainstreamed with new technology. ...
Khmer Times Staff
https://www.khmertimeskh.com/501518380/more-participatory-five-year-disaster-risk-reduction-action-plan-endorsed/
Japanese capital flooding in to Cambodia
Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants. ...
Hor Kimsay
http://www.phnompenhpost.com/business/japanese-capital-flooding-cambodia
Investors from Korea relocate to Cambodia
Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...
http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html
Cambodia's elderly receive inadequate support
For 70-year-old Chan Shay, the choice between working through old age and a retirement in poverty is an obvious one. Shay, a cyclo taxi driver in Phnom Penh, said that while he dreams of retiring to his home in Takeo province, in reality he can see ...
Alice Cuddy and Khouth Sophak Chakrya
http://www.ucanews.com/news/cambodias-elderly-receive-inadequate-support/72092
Cambodia unveils strategy to attract Chinese tourists
Cambodia’s Ministry of Tourism on Wednesday finalized its 5-year strategic plan to attract at least 1.3 million Chinese visitors by 2018. Speaking at a seminar on Cambodia tourism marketing strategy targeting China, So Visothy, director of the Tourism Ministry’s Marketing and Promotion Department, said that currently ...
http://news.xinhuanet.com/english/world/2013-06/19/c_132467692.htm
Government will not look into Funcinpec request for aid from China
Interior Ministry spokesman Khieu Sopheak said royalist party Funcinpec will not be investigated for requesting funds from China, despite an article in the Law on Political Parties banning parties from receiving financial support from foreign governments and institutions. ...
Ben Sokhean
http://www.phnompenhpost.com/national-politics/government-will-not-look-funcinpec-request-aid-china
Royal Group makes deal during PM’s official visit
A Royal Group subsidiary has signed a deal with two Vietnamese firms to import fertiliser, a senior official with the company said yesterday. Among several deals agreed to during Prime Minister Hun Sen’s trip to Vietnam this weekend, Nitrogen Chemicals and Fertilizer Cambodia Ltd, the subsidiary ...
Chan Muy Hong
http://www.phnompenhpost.com/business/royal-group-makes-deal-during-pm%E2%80%99s-official-visit
Teachers’ salaries to be reviewed
The Education Ministry will look into further increasing the minimum wage for teachers in Cambodia after educators said the recent hike of $37, to take effect next April, was still insufficient. During the 2016 Teachers’ Day celebration at the Institute of Technology of Cambodia yesterday, Education ...
Pech Sotheary
http://www.khmertimeskh.com/news/30562/teachers----salaries-to-be-reviewed/
Tax chief vows reforms to meet 2023 revenue goal
The General Department of Taxation (GDT) will make further reforms and upgrade the technology used in tax processes to make things easier for taxpayers and ensure the achievement of the 2023 revenue collection target of $3.57170 billion, or 14.46539 trillion riel, according to director-general Kong ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-chief-vows-reforms-meet-2023-revenue-goal
Israeli businessmen interested in cassava investment in Cambodia
A group of investors from Israel showed their interest in investing in cassava in Cambodia, according to a statement by Ministry of Commerce. Chanthol expressed his support for this cassava investment project and recognized the importance of advance technology in agriculture production and processing to ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=ZGY4NjczNGZhNTY
IFC sells stake in Cambodia's commercial bank to Japanese bank
The International Finance Corporation (IFC), a member of the World Bank Group, has sold its 12.25 percent stake in Acleda bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) in an undisclosed amount after having supported Acleda for over 15 years, said an IFC news statement ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235929