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Regional meet gauges ozone-depleting-substance phaseout progress

Ministry of Environment secretary of state Pak Sokharavuth from March 13-17 attended meetings of senior officials in charge of implementing the Montreal Protocol in Southeast Asia, including a “green customs” workshop on reporting and managing trade in ozone-depleting substances (ODS), in Vietnam’s Halong city. ...

Ry Sochan
https://www.phnompenhpost.com/national/regional-meet-gauges-ozone-depleting-substance-phaseout-progress

Ministry of Women’s Affairs and National Bank of Cambodia receive the Global Summit of Women 2024 Roundtable Ministerial Award

The Ministry of Women’s Affairs and the National Bank of Cambodia have received the Global Summit of Women 2024 Roundtable Ministerial Award on “projects that have a positive impact on women and girls” through the use of the payment system “Bakong” from the World Women’s ...

Khmer Times Staff
https://www.khmertimeskh.com/501487559/ministry-of-womens-affairs-and-national-bank-of-cambodia-receive-the-global-summit-of-women-2024-roundtable-ministerial-award/

Cambodia: Is Adidas exploiting workers?

Am Phalla sits outside the factory gates of apparel maker Shen Zhou (Cambodia) Co. Ltd., sharing a lunch of rice, vegetables and fried fish with coworkers. She has been sewing clothes at Shen Zhou for a little less than a year, but is unaware that the ...

http://www.globalpost.com/dispatch/news/regions/asia-pacific/cambodia/120723/cambodia-factory-workers-minimum-wage-olympics

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/

Casino sold to relative of CPP lawmaker

Entertainment Gaming Asia (EGA) last week sold Dreamworld Casino in Pailin province for $500,000 to a relative of the CPP lawmaker—and wife of former provincial governor Y Chhean—who owns the land on which the company built the casino, according to a press release Thursday. The gaming ...

Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/business/dreamworld-casino-sold-to-relative-of-cpp-lawmaker-62750/

Melco’s unit disposes of Cambodia assets

Nasdaq-listed Entertainment Gaming Asia Inc, a company linked to Macau casino operator Melco Crown Entertainment Ltd, is selling its assets in Cambodia. The sale includes all assets of Dreamworld Leisure with the exception of all electronic gaming machines, and prohibits any use of the Dreamworld ...

GGRAsia News Staff
http://www.ggrasia.com/melcos-unit-disposes-of-cambodia-assets/

Land Minister addresses corruption

Land Management Minister Chea Sophara on Thursday instructed cadastral officials throughout the country to ensure accurate measurements and avoid corruption when demarcating people’s land. The instruction came after the ministry obtained sophisticated equipment using Global Navigation Satellite System (GNSS) technology. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/land-minister-addresses-corruption

Kingdom in talent ranking rise

Cambodia moved up a notch this year as a place for attracting and growing talent, according to the Global Talent Competitiveness Index 2019 (GTCI) report released this week. It ranked the Kingdom 107 out of 125 countries. ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-talent-ranking-rise

Cambodia improves in WEF global competitiveness ranking

Cambodia, which has shed its status of ‘Sick man of Asia’ is becoming more competitive economically, and the world is starting to notice it. The 2019 Global Competitiveness Report, which was released by the World Economic Forum (WEF) on Oct 8, ranked Cambodia 106th out of ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50650070/cambodia-improves-in-wef-global-competitiveness-ranking/

SEA leaders create development strategy

Twenty – eight leaders from various business sectors in Southeast Asia came together last month to create a strategy to propel the Kingdom’s sustainable development with actionable and measurable targets.​ ...

Poovenraj Kanagaraj
https://www.khmertimeskh.com/50661055/sea-leaders-create-development-strategy/

Cambodia’s economy lost $4b in illegal outflows in 2013

Cambodia’s economy lost more than $4 billion to illicit financial outflows in 2013, more than a quarter of its gross domestic product that year, according to a report released on Wednesday by the Washington-based think tank Global Financial Integrity.Based on trade data reported to the ...

Alex Willemyns
https://www.cambodiadaily.com/news/cambodias-economy-lost-4b-in-illegal-outflows-in-2013-102614/

Potholes on a path to progress

Cambodia marginally improved its global competitive ranking this year, moving up five spots to place 90th out of 144 nations surveyed, with weak public institutions and lack of innovation continuing to affect its economic progress, according to a newly released World Economic Forum report.The global ...

Ananth Baliga
http://www.phnompenhpost.com/business/potholes-path-progress

High electricity bills drive Companies to go Green

Cambodian electricity is among the most expensive in the world. High government tariffs mean it can cost as much as 21 cents per kilowatt-hour for electricity in the capital, and more in the provinces where the electrical grid is underdeveloped. The high prices have made ...

Jonathan Cox
http://www.khmertimeskh.com/news/16538/high-electricity-bills-drive-companies-to-go-green/

Road safety efforts ‘insufficient’

A new study warns that a UN initiative to cut global road deaths in half by 2020 is on course to fail amid “clearly insufficient” efforts, with middle- and lower-income countries such as Cambodia at the forefront of the battle. ...

Charles Parkinson
http://www.phnompenhpost.com/national/road-safety-efforts-insufficient

New protected forests test overstretched ministry

The nearly 1 million hectares of newly protected forests the Environment Ministry wants to create by the end of the year will add nearly a third more land to the portfolio of an agency already struggling to manage the 3.2 million hectares it has. And ...

Zsombor Peter
https://www.cambodiadaily.com/news/111001-111001/

Kem Ley foundation registered

The Ministry of Interior has officially registered a newly created “Kem Ley Foundation Association” after months of processing the application. Chhim Kan, director of the Interior Ministry’s Department of Associations and Political Parties, yesterday confirmed the association’s registration had been successful. ...

Yon Sineat and Leonie Kijewski
http://www.phnompenhpost.com/national/kem-ley-foundation-registered

CNRP eyes health checkup

Opposition lawmakers have requested Health Minister Mam Bunheng appear at the National Assembly to answer questions over graft, irregularities and poor services within his portfolio, including claims that officials from the National Malaria Centre misappropriated cash from the Global Fund. ...

Meas Sokchea
http://www.phnompenhpost.com/national/cnrp-eyes-health-checkup

Illicit trade costs millions

The US-based nonprofit Global Financial Integrity (GFI) measured illicit financial flows – the illegal movement of money or capital from one country to another – and found that as much as $45 billion in trade activity in Cambodia over the period was not accounted for. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/illicit-trade-costs-millions

Correspondent banking in retreat, but growing in Asia

While financial inclusion is a top priority for emerging economies, new research suggests more stringent enforcement of anti-money regulations in recent years has resulted in major Western banks disconnecting from these regions, leaving local businesses without access to the international financial system. ...

Cam McGrath
http://www.phnompenhpost.com/business/correspondent-banking-retreat-growing-asia

Institute unveils project to tackle waste crisis

The Global Green Growth Institute (GGGI) yesterday held a presentation in front of local authorities on a project that aims to tackle the waste crisis Cambodia is facing. ...

Poovenraj Kanagaraj
https://www.khmertimeskh.com/50665270/institute-unveils-project-to-tackle-waste-crisis/

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