Firms that list to see tax cut
New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
SECC prepared to list shares of holding firms
The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...
May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms
Cambodia rejects suspicions reversal on us base upgrade signals plans to host Chinese military assets
Cambodia’s Minister of Defense Tea Banh on Monday dismissed suspicions that his government had reneged on accepting an offer from the U.S. to upgrade buildings at a naval base in Preah Sihanouk province because it plans to host Chinese military assets at the site. In a ...
Joshua Lipes
https://www.rfa.org/english/news/cambodia/base-07012019152820.html
Slow start for GTI as public firm
Grand Twins International (GTI) ended trading yesterday with a slight decline. The newly listed company was changing hands at 9,480 riel ($2.36) per share at the 1pm close, down from 9,640 riel ($2.40) at the morning’s opening. ...
Eddie Morton
http://www.phnompenhpost.com/business/slow-start-gti-public-firm
Japan firms see fresh potential in Kingdom
A delegation of more than 30 Japanese businesspeople yesterday met with the Council for the Development of Cambodia to discuss investment opportunities in the Kingdom, after seeing what they said were vast improvements in domestic legal and tax regulations. However, no definite decisions had yet ...
CDC gives nod to $3.5B in projects
The Council for Development of Cambodia (CDC) approved projects worth a total $3.5 billion in the first half of this year – a 14 per cent increase compared to the same period last year, a statement released on Saturday said. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-gives-nod-35b-projects
MoU signed with China
The Cambodia Chamber of Commerce (CCC) and the China Council for the Promotion of International Trade (CCPIT) on Friday signed a memorandum of understanding (MoU) to promote business interaction and enhance trade and investment between China and the Kingdom. ...
Sok Chan
http://www.khmertimeskh.com/news/29595/mou-signed-with-china/
Unions want meet with Minister to discuss Labor Law problems
While stakeholders have lauded the government’s move to establish a bond market, in a bid to raise more funds from domestic sources, they, however, expressed concern that not enough has been done to inform the public on how debt security can support government spending. ...
Mom Kunthear
http://www.khmertimeskh.com/news/35275/unions-want-meet-with-minister-to-discuss-labor-law-problems/
Government Must Work With Farmers to Combat Climate Change
Some 9.5 million Cambodians who directly engage in agriculture must adopt new techniques in order to counter dynamic weather patterns caused by climate change, and the government must work with farmers to ensure that it happens, an agricultural conference was told last week. Flown in from ...
Matt Blomberg and Khuon Narim
http://www.cambodiadaily.com/news/government-must-work-with-farmers-to-combat-climate-change-45678/
EU Alleges Up to 30% of Cambodia Rice Imports Mixed With Vietnam Rice
The Alliance of Rice Producers and Exporters of Cambodia (ARPEC) has proposed a “Code of Conduct” for rice exporters of the country to prevent contamination of rice from other origins in rice exports to EU member countries. Under the Everything But Arms (EBA) trade ...
Oryza
http://oryza.com/news/eu-alleges-30-cambodia-rice-imports-are-mixed-vietnam-rice
Put trips to Bangkok on hold: gov’t
The government asked Cambodians to avoid all nonessential travel to Bangkok following Thailand’s imposition of martial law. “The situation is calm and we will continue monitoring it, but travellers planning to go to Thailand should hold off for now,” Information Minister Khieu Kanharith said after an ...
Cheang Sokha
http://www.phnompenhpost.com/national/put-trips-bangkok-hold-gov%E2%80%99t
After factory ignores ruling, garment workers to march
Employees of the Ocean Garment factory in Phnom Penh’s Pur Senchey district continued to protest Monday against management’s decision to ignore an Arbitration Council ruling on owed wages. Cheng Chhorn, secretary general of the Collective Union of Movement of Workers, said the workers will march to ...
Sek Odom
http://www.cambodiadaily.com/news/after-factory-ignores-ruling-garment-workers-to-march-64074/
Input on NGO law over: gov’t
The government will not consult civil society groups on the latest iteration of a draft law that will regulate non-governmental organisations and associations, a senior Interior Ministry official said yesterday. Meas Sarim, deputy director-general of the General Department of Local Administration at the Ministry of Interior ...
Chhay Channyda and Kevin Ponniah
http://www.phnompenhpost.com/national/input-ngo-law-over-gov%E2%80%99t
Authorities warn union leader
Police on Friday warned labour union leader Pav Sina that if he continues to lead protests – thereby violating the rules of a court order – he will be arrested. The Collective Union of Movement of Workers leader was called to the Choam Chao commune police ...
Mom Kunthear
http://phnompenhpost.com/national/authorities-warn-union-leader
Critics: Cambodia's new Korea envoy has ‘no experience’
A direct phone call from Cambodian Prime Minister Hun Sen alerted Phnom Penh city hall deputy Long Dimanche to his new role as the country’s envoy to South Korea. ...
Pin Silvan
http://www.voanews.com/content/critics-cambodia-new-korea-envoy-has-no-experience/3294172.html
Son of PM appointed as CMAC’s board member
Hun Manith, the son of Prime Minister Hun Sen, has been “promoted” as a board member and adviser of the Cambodian Mine Action Centre (CMAC) – a position equal to a cabinet minister. A royal decree, signed by the King on November 2 and obtained ...
Mech Dara
https://www.phnompenhpost.com/national/son-pm-appointed-cmacs-board-member
Information access law to be finalised next month
The Ministry of Information on Tuesday concluded the final revision by key ministries of the draft Law on Access to Information, without making any major amendments. It will be submitted to the Council of Ministers to be rubber-stamped by the end of September or beginning ...
Voun Dara
https://www.phnompenhpost.com/national/information-access-law-be-finalised-next-month
Government needs $620M to cope with climate: org
Cambodian ministries are currently facing a $620 million funding shortfall if they are to implement their climate change adaption action plans by 2018, according to figures announced by NGO Forum at a press conference yesterday. ...
Touch Sokha
http://www.phnompenhpost.com/national/government-needs-620m-cope-climate-org
Duong Sruoch Group denies clearing in wildlife sanctuary
A representative with Duong Sruoch Group in Preah Vihear yesterday denied allegations that that the company had been illegally clearing forest outside the boundaries of social land concessions it had been licensed to log. Duong Sruoch Group was specifically named in a directive issued Monday by ...
Phak Seangly
http://www.phnompenhpost.com/national/duong-sruoch-group-denies-clearing-wildlife-sanctuary
Two ministries anticipate budget increase
The ministers of education and health said Monday they expect an 18 and 15 percent increase to their ministries’ budgets, respectively, in the draft 2015 national budget signed by Prime Minister Hun Sen on Friday. ...
Hul Reaksmey and Chris Mueller
http://www.cambodiadaily.com/news/two-ministries-anticipate-budget-increase-71118/