NBC launches new payment and transfer system
National Bank of Cambodia (NBC) officially launched its national retail payment system “Retail Pay” yesterday to support and provide fast payment facilities for trade settlement and fund transfers in the Kingdom. ...
Sok Chan
https://www.khmertimeskh.com/50807469/nbc-launches-new-payment-and-transfer-system/
Be mindful of informal financing, NBC warns
The National Bank of Cambodia (NBC) and National Police on February 2 issued a joint statement warning of the risks associated with informal financial services, which it said could put borrowers in excessive debt or otherwise upend their lives. ...
May Kunmakara
https://www.phnompenhpost.com/business/be-mindful-informal-financing-nbc-warns
A Tough Ride for S Korean Property Projects
GS Engineering & Construction broke ground on June 18, 2008 of Cambodia’s largest building the International Finance Complex in Phnom Penh but since then has been suspend or forced to downscale like all of the other building projects in the city. Worth more than $4.5 ...
Families of South Korean Crash Victims Settle With Travel Agency
After failing to receive compensation from the airline, relatives of the 13 South Korean nationals who died in the 2007 PMT Air flight U4 241 crash have been reimbursed for their loss by the travel agency that issued the tickets, a law firm said yesterday. According ...
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
Bank of India looks ahead
The Bank of India will move to a larger location on Norodom Boulevard, aiming to attract increased business from both Cambodian and Indian clients, said Chief Manager Sripada Rao. The Mumbai, India-based Bank first opened in the Kingdom in 2009 headquartered on the capital’s Monivong ...
Reserve rate doesn't worry local banks
Bankers have raised no concerns over the National Bank of Cambodia’s increase to the reserve requirement rate in order to maintain the stabilization of cash flow and inflation during a time of global financial difficulty. The increase, from 12 to 12.5 per cent, issued late last month, was ...
Cambodia-South Korea trade jumps 45%
Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...
Kingdom pursuing tax treaty with South Korea
South Korea is pushing forward with discussions to hammer out a double taxation agreement (DTA) with the Kingdom that would provide an additional incentive for Korean businesses to set up shop and increase fiscal transparency while shielding individuals and corporations from being taxed twice. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-pursuing-tax-treaty-south-korea
Cambodia greets 333,900 Chinese tourists in 2012, up 35 pct
Cambodia attracted 333,900 Chinese tourists last year, a 35 percent rise compared with 247, 200 Chinese visitors in a year earlier, according to a report of the Ministry of Tourism on Tuesday. “We see a steady rise of Chinese tourists to Cambodia from year to ...
http://news.xinhuanet.com/english/travel/2013-02/12/c_132165732.htm
Cambodians and Koreans Join Protest in Seoul
Hundreds of Cambodians living in South Korea protested in front of Seoul’s City Hall on Sunday, demanding justice for five garment workers killed in clashes with police on January 3, and calling for Prime Minister Hun Sen to step down. With public protests indefinitely banned in ...
Colin Meyn
http://www.cambodiadaily.com/news/cambodians-and-koreans-join-protest-in-seoul-50459/
Cambodia receives 1.27 mln foreign tourists in Q1
Cambodia welcomed some 1.27 million international visitors in the first three months of 2014, an 8 percent rise from 1.17 million recorded the same period last year, official data showed Monday. During the January-March period, Vietnam topped the chart among the top ten markets of tourists ...
Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-05/06/c_133313841.htm
Fish imports from Cambodia banned by EU
The European Commission (E.C.) will today ban all fish imports from Cambodia, carrying through on its threat made in November to punish the country for failing to show genuine commitment to tackling the global problem of illegal fishing, according to a memo released Friday. The ban, ...
Zsombor Peter and Simon Henderson
http://www.cambodiadaily.com/news/fish-imports-from-cambodia-banned-by-eu-54770/
Factory at center of January strikes under review
The Yakjin Trading Corporation, a South Korean company whose factory was at the center of major demonstrations earlier this year, has begun a review of its operations. ...
Heng Reaksmey
http://www.voacambodia.com/content/factory-at-center-of-january-strikes-under-review/2439828.html
Shots fired at me, says Tep Kolap
In a bizarre series of events, only days after being vindicated by the Supreme Court, Phnom Penh International University rector Tep Kolap claimed to have been chased across Phnom Penh yesterday evening by men who shot at her car as she sought refuge in Prime ...
Cambodia Misses Deadline to Submit UN Human Rights Report
Cambodia failed Monday to make its deadline to submit a key human rights report—known as the universal period review (UPR)—to the U.N., said Mak Sambath, deputy chairman of the government’s Human Rights Committee. Having missed the submission deadline, the government is now hoping to get its ...
Kuch Naren and Dene-Hern Chen
http://www.cambodiadaily.com/news/cambodia-misses-deadline-to-submit-un-human-rights-report-46138/
Temple may be heritage site
Sambor Prei Kuk, the seventh-century temple of the pre-Angkorian Chenla Kingdom built by Isanavarman I, is to be submitted for consideration as a World Heritage Site to UNESCO. The announcement came yesterday at a seminar on research and conservation on the temple complex, the most important ...
Chhay Channyda
http://www.phnompenhpost.com/national/temple-may-be-heritage-site
NBC won’t recognise bitcoin
Cambodia’s central bank won’t recognise bitcoin as a form of payment, making the Kingdom the latest Asian country to reject the digital currency. National bank of Cambodia director-general Chea Serey confirmed the regulator’s stance on the issue on Wednesday, citing the absence of any e-commerce law ...
Eddie Morton
http://www.phnompenhpost.com/business/nbc-won%E2%80%99t-recognise-bitcoin
Seoul visit as tensions mount
In the light of growing tensions between North and South Korea, officials from the Ministry of Labour will head to Seoul on Thursday for a weeklong visit to inform Cambodian workers on emergency evacuation procedures. An estimated 25,000 Cambodians, a figure that includes roughly 5,000 illegal ...
http://www.phnompenhpost.com/2013040964963/National/seoul-visit-as-tensions-mount.html
Government says drug seizures, trafficking rose in 2013
Drug seizures jumped last year, while drug arrests remained relatively steady, according to the annual report from the National Authority for Combating Drugs (NACD) released Monday. As in 2012, methamphetamine retained its position as the most commonly seized type of drug. Police confiscated 17.3 kg of methamphetamine ...
Khy Sovuthy
http://www.cambodiadaily.com/news/government-says-drug-seizures-trafficking-rose-in-2013-54862/