Taiwanese bank now owns 70 pct of UCB
Taiwan’s E. Sun Commercial Bank has purchased a 70 per cent stake in Cambodia’s Union Commercial Bank. The deal, planned for months but announced yesterday at a press conference at the Sofitel hotel in Phnom Penh, will bring technology upgrades and more loan capital to the ...
Kimsay Hor
http://www.phnompenhpost.com/business/taiwanese-bank-now-owns-70-pct-ucb
Hope for freedom of information?
Representatives from civil society and the opposition gathered yesterday to push for the adoption of an access to information law – a move that comes less than a month after Prime Minister Hun Sen urged the Ministry of Information to hasten its development. Two laws dealing ...
Chhay Channyda
http://www.phnompenhpost.com/national/hope-freedom-information
Rights Groups Condemn Killing of Protesters
The International Federation for Human Rights (FIDH), along with local rights groups Licadho and Adhoc, denounced the Friday shooting of protesting garment workers by police in a joint statement released in Paris on Monday. “The killing of demonstrators by government authorities is totally unacceptable. The government ...
Denise Hruby
http://www.cambodiadaily.com/news/rights-groups-condemn-killing-of-protesters-50315/
Cambodian PM due on Friday
Prime Minister of Cambodia Hun Sen is expected to pay a 3-day official visit to Dhaka from Friday to further expanding and strengthening trade relations and cooperation in agriculture sector between the two countries. During the visit, sources said Dhaka is expected to seek long-term ...
The Daily Star
http://www.thedailystar.net/cambodian-pm-due-on-friday-23869
Party talks to end assembly boycott hit additional hurdles
Mid-level negotiations between the CPP and opposition CNRP to end the country’s political deadlock hit yet another snag Thursday, this time over how to elect members to the National Election Committee (NEC), though the parties did agree to keep talking. The talks were the second since ...
Mech Dara
http://www.cambodiadaily.com/news/party-talks-to-end-assembly-boycott-hit-additional-hurdles-61305/
Parkson to build malls and lease out space
Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover. The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall ...
Jagdev Singh Sidhu
http://www.thestar.com.my/Business/Business-News/2014/05/07/Parkson-to-build-malls-and-lease-out-space/
Rainsy says campaign protests to go ahead
Following the recent failure of cross-party talks, Cambodia National Rescue Party President Sam Rainsy said yesterday that his party will resume mass demonstrations on Friday. Mr. Rainsy, who is set to return from Europe on Wednesday, said that the failure to secure a deal in ...
Alex Willemyns
http://www.cambodiadaily.com/news/rainsy-says-campaign-protests-to-go-ahead-57511/
Amnesty International urges Gov’t to scrap asylum seeker plans
Amnesty International on Friday lambasted a pending deal that would see people seeking asylum in Australia to be resettled in Cambodia. “Australia should be ending its offshore processing and detention of asylum seekers, not looking to outsource its refugee responsibilities to another, much poorer country,” ...
Lauren Crothers
http://www.cambodiadaily.com/news/amnesty-international-urges-govt-to-scrap-asylum-seeker-plans-57996/
After NEC reform, Rainsy says higher wages are top priority
CNRP leader Sam Rainsy said Wednesday that a higher minimum wage for garment workers and civil servants would be the opposition’s top legislative priority—after reconstituting the National Election Committee (NEC)—when it takes the 55 National Assembly seats it has been boycotting for the past year. The ...
Zsombor Peter
http://www.cambodiadaily.com/news/after-nec-reform-rainsy-says-higher-wages-are-top-priority-64798/
A tragic cycle of abuse
Social worker Nong Socheat is well-acquainted with the ugly scope of child abuse. As a counsellor for First Step Cambodia (FSC), a local NGO that focuses on supporting male survivors of sexual assault, she regularly provides support for boys dealing with the aftermath of molestation. ...
Bennett Murray and Taing Vida
http://www.phnompenhpost.com/national/tragic-cycle-abuse
Time for business to step up
Commerce Minister Sun Chanthol called on business owners to clean up their activities in the Kingdom, in order to remain competitive, especially in light of the ASEAN Economic Community integration due to be realised at the end of the year. Private sector companies have traditionally raised ...
Hor Kimsay
http://www.phnompenhpost.com/time-business-step
Three Opposition Activists Remain in Detention After July Violence
Rights groups are calling for the release of three opposition activists who have been held in detention since violent clashes with security forces in July. The activists have been held despite a political deal last month between the ruling Cambodian People’s Party and the opposition Cambodia ...
Heng Reaksmey
http://www.voacambodia.com/content/three-opposition-activists-remaon-in-detention-after-july-violence/2422001.html
Rice husks to pump energy to the grid
Malaysian company PMTI Energy (Cambodia) Co has signed a 10-year deal to supply Electricite du Cambodge with 48,000 megawatts of energy derived from rice husks every year. Phou Puy, president of PMTI, told the Post yesterday that about 70 per cent of the power generated from ...
Chan Muyhong
http://phnompenhpost.com/business/rice-husks-pump-energy-grid
Free-trade talks continue despite the pandemic
Cambodia is closer to inking trade deals with developed economies despite the ongoing COVID-19 pandemic. Seang Thay, a spokesperson at the Ministry of Commerce, told Khmer Times yesterday that the free-trade agreement (FTA) negotiations between Cambodia, South Korea, China and ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50717809/free-trade-talks-continue-despite-the-pandemic/
Garment sector struggles to maintain EU trade agreement
The Kingdom’s annual $7 billion garment and textile sector, which has already been hard hit by the Coronavirus pandemic, is still struggling to make up for its partial loss of a preferential zero-tax trade deal provided by the European Union due to end in August. ...
Sorn Sarath
https://www.khmertimeskh.com/50737960/garment-sector-struggles-to-maintain-eu-trade-agreement/
The EU’s tax free status partially withdrawn
THE Kingdom’s annual $7 billion garment and textile sector will see the partial loss of a preferential zero-tax trade deal provided by the European Union (EU) from today as the Cambodia-China free-trade agreement (FTA) is on its way for final signing. ...
Sorn Sarath
https://www.khmertimeskh.com/50753939/the-eus-tax-free-status-partially-withdrawn/
Getting ready for free trade with China
In fewer than 20 days the Cambodia-China Free-Trade Agreement (CC-FTA) comes into force after both countries signed the deal on Oct 12 during a two-day state visit by China’s Foreign Minister Wang Yi in Phnom Penh. ...
Sok Chan
https://www.khmertimeskh.com/50791954/getting-ready-for-free-trade-with-china/
Telecoms association launched
The Association of Telecommunication Operators in Cambodia (ATOC) was officially launched on March 25 in a move to build a united voice in dealing with relevant stakeholders and the Royal Government of Cambodia for the development of the telecommunications industry. ...
May Kunmakara
https://www.phnompenhpost.com/business/telecoms-association-launched
One year on, RCEP, CCFTA give momentum to Cambodia’s trade growth in post-pandemic era
One year on, the Regional Comprehensive Economic Partnership (RCEP) trade deal and the Cambodia-China Free Trade Agreement (CCFTA) have injected a vital impetus to Cambodia’s trade growth in the post COVID-19 pandemic era, an official and experts said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501208233/one-year-on-rcep-ccfta-give-momentum-to-cambodias-trade-growth-in-post-pandemic-era/
NBC inks new payment connectivity pacts
National Bank of Cambodia (NBC) on Thursday created a new milestone for the country by inking deals with the central banks of the Republic of Fiji and the Solomon Islands to exchange knowledge and experience on financial innovation and inclusion as well as to share ...
Kang Sothear
https://www.khmertimeskh.com/501245618/nbc-inks-new-payment-connectivity-pacts/