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/
Acleda readies to open Myanmar’s first micro-finance firm
Cambodia’s largest bank is ready to launch its first micro-finance institution (MFI) in Myanmar, but one final barrier remains: an operating licence from Myanmar’s government. Acleda bank’s chief executive, In Channy, expects the licence to be granted by the end of this month. Once that is done, ...
Economic growth set to slow this year: WB report
Cambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The Bank forecast the Cambodian economy to grow ...
Hor Kimsay
https://www.phnompenhpost.com/business/economic-growth-set-slow-year-wb-report
Rapid economic growth props up Cambodia’s strongman
Between 1995 and 2017 Cambodia grew at an average rate of 7.7%; gdp per person rose from $321 in 1994 to $1,137 in 2017, after accounting for inflation. Foreign money has flooded in and Cambodia’s economy, which war and the Khmers Rouges had destroyed, has ...
The Economist
https://www.economist.com/asia/2019/04/20/rapid-economic-growth-props-up-cambodias-strongman
Government not ready for World Bank loans: US
The U.S. accused the Cambodian government of scaling back the space for free speech and the World Bank of failing to learn from its mistakes in justifying its decision to abstain from a recent Bank vote that approved a sheaf of new loans to Cambodia. ...
Zsombor Peter
https://www.cambodiadaily.com/news/govt-not-ready-for-world-bank-loans%E2%80%88us-113178/
Slowing China to impact Cambodia, region: WB
Cambodia’s economy is expected to grow at 6.9 percent this year, the same rate it expanded last year, due to slowing growth in leading economies in region, especially China, Asia’s largest and the world’s second-largest economy, according to the World Bank. ...
May Kunmakara
http://www.khmertimeskh.com/news/19591/slowing-china-to-impact-cambodia--region--wb/
World bank project in trouble before it starts
Between 2008 and 2015, the World Bank and German aid agency GIZ spent $13 million setting up eight social land concessions for thousands of the poorest Cambodians, doling out small farms they could use to pull themselves out of poverty and, after a few years, ...
Zsombor Peter and Aun Pheap
https://www.cambodiadaily.com/news/world-bank-project-in-trouble-before-it-starts-108700/