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New air route aims to cut travel times, fuel costs

Cambodia will use a new air route for flights to Laos, Thailand and Vietnam that will reduce fuel costs and provide a more direct route to these countries reducing air time for these flights, according to the State Secretariat for Civil Aviation. ...

Chan Muyhong
http://www.phnompenhpost.com/business/new-air-route-aims-cut-travel-times-fuel-costs

BRI plays “monumental role” in infrastructure development in Cambodia: Deputy PM

The Belt and Road Initiative (BRI) projects have played a “monumental role” in infrastructure development and connectivity in Cambodia, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501113564/bri-plays-monumental-role-in-infrastructure-development-in-cambodia-deputy-pm/

Analysts suggest now is the time to replace aging, ineffective officials

Cambodia’s ministries are run by an increasingly aged demographic. Some analysts say the government should consider beginning to replace the people in many of these posts with younger officials. ...

Hul Reaksmey
http://www.voacambodia.com/content/analysts-suggest-now-is-the-time-to-replace-aging-ineffective-officials/3209638.html

Rare deer caught on film for first time in a decade

Four endangered hog deer have been recorded using camera traps for the first time in a decade in Kratie province, offering hope that the population of the species may be on the rise. ...

Mom Kunthear
http://www.khmertimeskh.com/5082524/rare-deer-caught-film-first-time-decade/

Gov’t gives telecom firms time to digest new draft law

The ministry of Posts and Telecommunications (MPTC) has postponed a two-day meeting with telecom firms to discuss a controversial draft law leaked to the Post last week, which details the government’s plan to assert control over the industry. A representative from one telecommunications provider who wished ...

Eddie Morton
http://www.phnompenhpost.com/business/gov%E2%80%99t-gives-telecom-firms-time-digest-new-draft-law

Twenty-one men detained after strikes seek bail for fifth time

Union activist Vorn Pao and 20 other workers and activists who have been jailed since the violent suppression of garment protests in early January had their request for bail heard for the fifth time on Friday, this time by the Supreme Court. Mr. Pao, the president ...

Khuon Narim
http://www.cambodiadaily.com/news/twenty-one-men-detained-after-strikes-seek-bail-for-fifth-time-58004/

ACU chief applauds teachers, threatens jail time at 2nd exam

Anti-corruption czar Om Yentieng on Wednesday applauded high school teachers for overseeing the nation’s cleanest-ever national exam earlier this month, but warned that jail time awaited anyone who is found to be corrupt at the second round of exams in October. ...

Phann Ana
http://www.cambodiadaily.com/news/acu-chief-applauds-teachers-threatens-jail-time-at-2nd-exam-67248/

Cambodian opposition MPs attend session for 1st time after boycott

 All fifty-five Members of Parliaments (MPs) from the opposition Cambodia National Rescue Party (CNRP) attended a parliamentary session for the first time on Friday after they had boycotted the parliament for 10 months following a disputed election results in July last year. CNRP’s president Sam Rainsy ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140807/cambodian-opposition-mps-attend-session-1st-time-after-boyco

Female fishery activists play a key role

In the Khmer folktale “Phnom Chiso Temple,” a Hindu priest gives blessings to a Khmer prince, saying: “May you be as strong as an ant, as mighty as a ghost and as decisive as a woman.” Following this as an example, after fishery communities were ...

Moeun Chhean Nariddh
https://www.khmertimeskh.com/50784633/female-fishery-activists-play-a-key-role/

China plays key role in securing energy security in Cambodia: officials, academics

China has played a crucial role in securing Cambodia’s energy security, which is a key element for socio-economic development, Cambodian officials and academics said on June 14. ...

Khmer Times Staff
https://www.khmertimeskh.com/501094337/china-plays-key-role-in-securing-energy-security-in-cambodia-officials-academics/

Revenues Down at Pailin’s Dreamworld Casino

U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...

http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/

Troubling contrasts in ASEAN

Some of these ASEAN economies are not like the others. Singapore is 80 times richer than Myanmar and its population lives 20 years longer than Cambodia’s, while Myanmar ranks 50 places behind Cambodia in terms of global competitiveness, according to a wide-ranging analysis from the World ...

Joe Freeman
http://www.phnompenhpost.com/business/troubling-contrasts-asean

Wagering on warm fronts

A busty woman with a scratchy voice shrieks into an intricate set up of radios, microphones and walkie-talkies, her tone not unlike that of a breathless Flemington race-caller. The woman is in continuous contact with up to 100 men peppered over rice fields fringing Battambang, analyzing the ...

http://www.phnompenhpost.com/7days/1848-wagering-on-warm-fronts

NBC releases Financial Stability Review to the public for the first time

The National Bank of Cambodia (NBC) released its Financial Stability Review for the first time on Wednesday, outlining the work needed to monitor economic security and develop macro-prudential measures to cope with systemic risks. The Financial Stability Review has been produced by NBC since 2001 ...

Hor Kimsay
https://www.phnompenhpost.com/business/nbc-releases-financial-stability-review-public-first-time

Dreamworld operator sees revenue drop

Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...

Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-operator-sees-revenue-drop-53867/

70 pct of Cambodian leaders, senior officials declare assets for 3rd time

Cambodia’s Anti-Corruption Unit (ACU) announced Wednesday that 70 percent or 10,683 of the leaders and senior officials had already declared their assets for the third time. ...

The Cambodia Herald​ News Staff
http://www.thecambodiaherald.com/cambodia/70-pct-of-cambodian-leaders-senior-officials-declare-assets-for-3rd-time-8125

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 ...

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

Microfinance sector plays important role in economic development: NBC

The microfinance sector in Cambodia has been playing an important role in contributing to economic and social development, especially the reduction of poverty in rural areas, said a senior official at the National Bank of Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501268058/microfinance-sector-plays-important-role-in-economic-development-nbc/

Insurance claims through the roof

Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...

Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof

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