Cambodia has shortage of capable human resource
The number of people seeking for jobs has been on the rise each day. However, companies, organizations and institutions are relentlessly complaining that human resource is both scarce and of low quality. Many students who have just graduated for about a year or two say they ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=OTNiZWMzYWFjMzU
Ministry: SMEs vital to economy, but 95% not registered
Small and Medium Enterprises (SMEs) are key factors in the Kingdom’s industrial sector growth, but around 95 per cent of Cambodia’s SMEs have not been properly registered, the Ministry of Industry and Handicraft said on Friday. ...
Hin Pisei
https://www.phnompenhpost.com/business/ministry-smes-vital-economy-95-not-registered
SMEs urged to comply with tax changes
The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, said ...
Sok Chan
http://www.khmertimeskh.com/news/38595/smes-urged-to-comply-with-tax-changes/
Council of Ministers Nullifies Telecom Law
The Council of Ministers has nullified a 2009 law that set minimum prices on telephone calls, paving the way for regulators to reset the country’s telecommunications prices, which industry executives say are too high. The law, Prakas 232, which has been widely flouted, set a minimum ...
Hul Reaksmey and Joshua Wilwohl -
http://www.cambodiadaily.com/business/council-of-ministers-nullifies-telecom-law-49573/
Garment Workers Go Back on Strike Over Unpaid Wages
Thousands of garment workers from four factories have gone back on strike this week to protest a decision by their employers to withhold pay for the days they did not work during recent nationwide strikes. Between 8,500 and 12,500 workers at four factories—two in Phnom Penh, ...
Aun Pheap
http://www.cambodiadaily.com/news/garment-workers-go-back-on-strike-over-unpaid-wages-50580/
Groups appeal to gov’t to pass traffic law
The Cambodia Red Cross, NGOs and traffic accident victims Thursday marked annual road safety week by appealing to the government to quickly pass a new traffic law in an effort to reduce road accidents. The Ministry of Justice must still review the new traffic law ...
Ben Sokhean
http://www.cambodiadaily.com/archives/groups-appeal-to-govt-to-pass-traffic-law-56448/
Prisoners queue up for possible New Year's pardons
More than 600 of the Kingdom’s inmates could be released or see their sentences reduced this Khmer New Year if the King responds favourably to a request made yesterday by the Ministry of Interior’s General Department of Prisons, officials said. Kuy Bunsorn, director general of the ...
May Titthara
http://www.phnompenhpost.com/national/prisoners-queue-possible-new-years-pardons
Migrants skipping gov’t plan for Thai alternative
The number of Cambodian migrant workers in Thailand has risen to 190,000 thanks to the new one-stop service centers set up across the border, Cambodia’s Ministry of Labor said Wednesday. Labor Ministry spokesman Heng Suor said about 190,000 migrant workers—some with a full complement of legal ...
Hul Reaksmey
http://www.cambodiadaily.com/news/migrants-skipping-govt-plan-for-thai-alternative-65903/
Labor minister to face lawmakers’ questions
Labor Minister Ith Sam Heng has agreed to appear before lawmakers today to answer questions about ongoing minimum wage negotiations for garment workers, a controversial draft union law and other pressing labor issues, according to the opposition CNRP. ...
Mech Dara
http://www.cambodiadaily.com/news/labor-minister-to-face-lawmakers%e2%80%88questions-69768/
PM urges authorities to improve waste management services
Prime Minister Hun Manet has instructed the relevant ministries and institutions to provide services and guidelines to properly manage waste in accordance with the technical specifications at the local level throughout the country. ...
Hang Punreay
https://www.khmertimeskh.com/501390111/pm-urges-authorities-to-improve-waste-management-services/
Disabled education lacking
In an internal report released this week, the Ministry of Education gave itself high marks for the access to education it offers disabled children, offering a rundown of successes in the field dotted with green checkmarks, not unlike a school report card. However, though the ministry ...
Rebecca Moss
http://www.phnompenhpost.com/national/disabled-education-lacking
NBC introduces overnight lending facility
The National Bank of Cambodia (NBC) has introduced a marginal lending facility (MLF) to address the short-term liquidity needs of banking and financial institutions in emergency situation to carry out their business operations. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-introduces-overnight-lending-facility
Media Groups Call On ‘Political Elite’ to Protect Reporters
More than a dozen journalism and human rights groups have called on Cambodia’s political forces to protect journalists and guarantee citizens’ access to an open and unobstructed press during the current political unrest. In a statement released Wednesday, the Cambodian Center for Independent Media, along with ...
Lindsey Peterson
http://www.cambodiadaily.com/news/media-groups-call-on-political-elite-to-protect-reporters-45436/
ADB Says Hydropower Growth Won’t Match Need for Oil, Coal
Cambodia’s reliance on imported fossil fuels to meet its energy needs is set to increase in the coming years, despite the raft of hydropower projects planned by the government, according to new data from the Asian Development Bank (ADB). Using baseline figures from the Institute ...
http://www.cambodiadaily.com/news/adb-says-hydropower-growth-wont-match-need-for-oil-coal-28794/
NBC calls on MFIs to spread risk
The National Bank of Cambodia was pushing microfinance institutions to look to domestic banks for funding in an industry heavily reliant on foreign loans, experts said yesterday. Although the NBC is seeking to foster healthier relationships between MFIs and the Kingdom’s commercial banks, a dearth of ...
http://www.phnompenhpost.com/index.php/2011090951563/Business/nbc-asks-mfis-to-diversify.html
Acleda takes out $10 Million
Acleda Bank has signed a $US10 million loan agreement with Proparco, a development finance institution held in part by the Agence Francaise de Développement (AFD), according to a statement released on Wednesday. With the Kingdom’s financial sector expanding rapidly and a growing demand for banking and ...
http://www.phnompenhpost.com/index.php/2012090758553/Business/acleda-takes-out-10m-loan.html
Exit of ANZ Royal CEO unexplained
ANZ Royal Bank chief executive Damian Bell has resigned from the post he held for not much more than a month, a company spokeswoman confirmed yesterday. He resigned “several weeks ago”, Libby Armstrong, a Hong Kong-based ANZ spokeswoman, said by phone. No explanation was offered for ...
http://www.phnompenhpost.com/index.php/2012041855621/Business/exit-of-anz-royal-ceo-unexplained.html
Graduates fear career jobs woe
A year from now, 23-year-old Sum Tiara will graduate from the Royal University of Law and Economics with a degree in law. At the moment, however, she needs to earn a living and pay for her studies by working in bars and restaurants in Phnom Penh. ...
http://www.phnompenhpost.com/2013021261305/Business/graduates-fear-career-jobs-woe.html
GDT requires tax invoice amounts shown in local riel
The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1. The GDT instruction issued on Monday indicates that tax invoices are required to show ...
Hor Kimsay
https://www.phnompenhpost.com/business/gdt-requires-tax-invoice-amounts-shown-local-riel