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Bank deposits get protection

The Kingdom’s central bank ‒ the National Bank of Cambodia (NBC) ‒ is working closely with experts from the US Treasury to set up a depositors’ protection scheme among banks in the country. This move was welcomed by the country’s banking industry with CEOs saying ...

May Kunmakara
http://www.khmertimeskh.com/news/27744/bank-deposits-get-protection/

ABA Bank gets brand revamp

Advanced Bank of Asia Limited (ABA Bank of Cambodia) officially unveiled a new logo yesterday, as it builds on its majority ownership by the National Bank of Canada.The National Bank of Canada integrated the ABA Bank as part of its group after becoming the major ...

Sok Chan
http://www.khmertimeskh.com/news/34741/aba-bank-gets-brand-revamp/

Tax tweak makes it hard to hide

An amendment to the tax code gives government auditors clearer authority to access individual and corporate financial data, providing a tool to identify tax evasion and a deterrent to prevent it, tax professionals said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/tax-tweak-makes-it-hard-hide

Over 35,000 kids still in care

A staggering 35,000 Cambodian children and young people continue to be housed in a range of residential care facilities, with many of them flying under the government’s radar, according to a new report released by the Ministry of Social Affairs yesterday. ...

Touch Sokha and Erin Handley
http://www.phnompenhpost.com/national/over-35000-kids-still-care

Svay Rieng police halt training session for election observers

Police in Svay Rieng province on Saturday shut down a training session for 16 observers registered to monitor this Sunday’s commune elections, saying it had not been sanctioned by authorities, according to an organizer. ...

Phan Soumy and Hannah Hawkins
https://www.cambodiadaily.com/news/svay-rieng-police-halt-training-session-for-election-observers-2-130568/

A roadmap for financial growth

The government yesterday unveiled its financial sector development strategy for 2016 to 2025, which provides stakeholders with a document to evaluate the last decade of growth while outlining an action plan for the next decade. Chea Serey, director-general of the NBC, said the content of ...

Hor Kimsay
http://www.phnompenhpost.com/business/roadmap-financial-growth

Tea Banh son gets Siem Reap post

Defence Minister Tea Banh’s son has been appointed a deputy governor of Siem Reap province by Prime Minister Hun Sen. Major General Tea Seiha said he had not been told about the appointment officially so could not give a date for when he would take up ...

Ros Chanveasna
http://www.khmertimeskh.com/news/39696/tea-banh-son-gets-siem-reap-post/

Forest loss data show 2016 increase

The new data, released by the University of Maryland, tracks forest cover loss globally using satellite imagery. Results showed that not only was 2016 worse than 2015, but of the 16 years for which deforestation was recorded, last year was the fourth worst – with ...

Phak Seangly and Ananth Baliga
http://www.phnompenhpost.com/national/forest-loss-data-show-2016-increase

Stung Treng airport awaits revamp by ADB

The Asian Development Bank (ADB) is considering plans to revamp the airport in Stung Treng province to increase air connectivity in the Great Mekong Subregion (GMS). ...

Sum Manet
http://www.khmertimeskh.com/5089585/stung-treng-airport-awaits-revamp-adb/

Banteay Meanchey gets free TV

The tower in the provincial capital of Sisophon will provide – for the first time in the province – free national public programming such as local and national news broadcasts, according to Sek Sokhum, the province’s information department director. Previously, those hoping to watch TV ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/banteay-meanchey-gets-free-tv

Minister agrees to final talk on draft minimum wage law

The government has accepted a request from a senior officer of the US State Department to hold another discussion on the draft minimum wage law before it is approved. After meeting with Sarah Morgan, an official with the US office of International Labour Affairs, Labour Minister ...

Mom Kunthear
http://www.khmertimeskh.com/50114873/minister-agrees-to-final-talk-on-draft-minimum-wage-law/

NBC issues prakas for riel loans

The National Bank of Cambodia (NBC) issued a prakas, or directive, last week instructing commercial banks and microfinance institutions to make out more riel loans to their customers, in a bid to promote the use of the national currency. The prakas, which took effect on Thursday, ...

Sok Chan
http://www.khmertimeskh.com/news/32828/nbc-issues-prakas-for-riel-loans/

Almost 2,000 Thai chickens confiscated

Close to 2,000 chickens from Thailand were confiscated by Pursat provincial authorities after they were found to have been illegally brought into Cambodia. ...

Pech Sotheary
http://www.khmertimeskh.com/news/34308/almost-2-000-thai-chickens-confiscated/

Final call for ISP that seems to have skipped town

The Kingdom’s telecom regulator has threatened to strip the operating licence of a local internet service provider (ISP) whose owners appear to have shut down operations and skipped town. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/final-call-isp-seems-have-skipped-town

ISP licences pulled by telecom regulator over inactivity

The Kingdom’s telecom regulator has revoked the licences of three internet service providers (ISPs) after finding that the companies were no longer operating. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/isp-licences-pulled-telecom-regulator-over-inactivity

More than 1,700 ethnic Vietnamese families’ documents taken

The process of revoking documents from ethnic Vietnamese people, many of whom have been living in Cambodia for generations, is halfway complete in Kampong Chhnang province, according to the provincial director of immigration. ...

Phak Seangly
http://www.phnompenhpost.com/national/more-1700-ethnic-vietnamese-families-documents-taken

NA urges resolution in land dispute

Three people, representing 112 migrant families, on Monday submitted a letter to Ratanakkiri province authorities from the National Assembly asking them to investigate and resolve a longstanding land dispute involving a Ministry of Interior official. ...

Phak Seangly
http://www.phnompenhpost.com/national/na-urges-resolution-land-dispute

Việt Nam, Cambodia’s bilateral trade surged 30% in 2017

Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported. of the total, Việt Nam’s export turnover to this market was $2.77 billion, rising 26.1 per cent against the ...

Viet Nam News
http://vietnamnews.vn/economy/422484/viet-nam-cambodias-bilateral-trade-surged-30-in-2017.html#q1s8ssWTMd4ceTep.97

Government unit publishes 132-page treatise on threat of ‘colour revolution’

The Council of Ministers released a no-holds-barred book about its efforts to root out a purported foreign-backed “colour revolution” in Cambodia yesterday, lashing out at superpowers like the United States for supposedly trying to cause “immeasurable catastrophe” in the country.​ ...

Mech Dara and Daphne Chen
http://www.phnompenhpost.com/national-politics/government-unit-publishes-132-page-treatise-threat-colour-revolution

Bird flu detected in Prey Veng

A moratorium on the movement of chickens, dead or alive, has been put into effect in a commune of Prey Veng’s Ba Phnom district after a chicken sample tested positive for A1H5N1 bird flu, the provincial Department of Agriculture, Forests and Fisheries said today. ...

Kuoch Masy
http://www.phnompenhpost.com/national/bird-flu-detected-prey-veng

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