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Corruption czar’s sons appointed as assistants

Two sons of Anti-Corruption Unit (ACU) Chairman Om Yentieng have been appointed as assistants to the government graft-fighting body, sparking accusations of nepotism within the very institution meant to stamp out such practices. ...

Khy Sovuthy and Zsombor Peter
https://www.cambodiadaily.com/news/corruption-czars-sons-appointed-as-assistants-111794/

Japan firm eyes stake in local MFI Chamroeun

Cambodian microfinance institution (MFI) Chamroeun Microfinance Plc is negotiating with Japanese firm Renet Japan Group to sell a 90 percent stake in the MFI to the Japanese used goods dealer, according to Nikkei Asian Review. ...

Post Staff
http://www.phnompenhpost.com/business/japan-firm-eyes-stake-local-mfi-chamroeun

IDs are not ‘sufficient guarantee’ for loans

Cambodia’s central bank has asked all financial institutions, especially rural lenders, to refrain from accepting personal identity cards, residential records and family books as a guarantee while giving out loans to consumers.   ...

Sor Chandara
http://www.phnompenhpost.com/business/ids-are-not-sufficient-guarantee-loans

Ministry warns of punishment for political activity at schools

The Ministry of Education has issued a directive banning political activism or association at academic institutions, saying it will fine or shut down universities, post-secondary schools and student organizations that have engaged in or promoted political activity. ...

Mech Dara
https://www.cambodiadaily.com/news/ministry-warns-of-punishment-for-political-activity-at-schools-91454/

Rector says student was warned against activism

After a Khemerak University student was jailed in Phnom Penh on Saturday over a social media post calling for a “color revolution” in Cambodia, the school’s director Monday claimed that politics had “poisoned” students at his institution. ...

Aun Pheap and Anthony Jensen
https://www.cambodiadaily.com/news/rector-says-student-was-warned-against-activism-92373/

Villagers seek end to land disputes

Two groups of more than 100 people from Kratie and Oddar Meanchey provinces have come to Phnom Penh to submit petitions to relevant ministries and institutions, asking for intervention to speed up resolution of their land disputes. ...

Pech Sotheary
http://www.khmertimeskh.com/50116210/villagers-seek-end-to-land-disputes/

PM: Stop violence against women

The prime minister has urged government ministries and public institutions to speed up work on an action plan to prevent violence against women and children, calling for education on the issue to start from an early age. ...

Pech Sotheary
http://www.khmertimeskh.com/news/36282/pm--stop-violence-against-women/

Iraqi team arrives for training with CMAC

For the second year running, a delegation of Iraqi demining trainees have come to the Kingdom for a training programme at the Cambodian Mine Action Centre’s (CMAC) Technical Institute of Mine Action in Kampong Chhnang province. ...

Touch Sokha
http://www.phnompenhpost.com/national/iraqi-team-arrives-training-cmac

Maruhan Japan Bank buys stake in MFI

Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. ...

http://www.phnompenhpost.com/index.php/2012110259531/Business/maruhan-japan-bank-buys-stake-in-mfi.html

IFC loans $10 million to HKL for rural SMEs

The International Finance Corporation (IFC) has given Cambodian microfinance institute Hattha Kaksekar Ltd (HKL) a loan of up $10 million, aiming to boost access to finance to small- and medium-sized enterprises in Cambodia’s rural areas.​ ...

Ayanna Runcie
http://www.phnompenhpost.com/business/ifc-loans-10-million-hkl-rural-smes

Cambodia copes with double-digit traffic growth

The Cambodian government recently awarded the operator of its three international airports more than $100 million for upgrades in an effort to accommodate strong passenger growth driven by the country’s nascent tourism industry. Cambodia Airports—the subsidiary of Italian firm Vinci, which serves as the concession ...

Jennifer Meszaros
http://www.ainonline.com/aviation-news/2014-02-05/cambodia-copes-double-digit-traffic-growth

Create special secretariats for disaster management, says PM

Following the collapse of two buildings some seven months apart, Prime Minister Hun Sen has reminded all government institutions of their obligation to create special secretariats for disaster management. In a circular issued on Tuesday, the prime minister noted that only some government bodies had ...

Long Kimmarita
https://www.phnompenhpost.com/national/create-special-secretariats-disaster-management-says-pm

Hun Sen orders block on all illegal importation of pork

Ministries, relevant institutions, National and Military Police, the Phnom Penh Municipality and provincial halls nationwide are to work with the Ministry of Agriculture, Forestry and Fisheries to halt the illegal import of pigs and pork products, he said. ...

Voun Dara
https://www.phnompenhpost.com/national/hun-sen-orders-block-all-illegal-importation-pork

Study says number of adult smokers down

The percentage of smokers over the age of 15 has dropped from 19.5 percent in 2011 to 16.9 percent last year, according to the National Adult Tobacco Survey which was released yesterday by the National Institute of Statistics. ...

Pav Suy
http://www.khmertimeskh.com/news/17256/study-says-number-of-adult-smokers-down/

PM urges tighter rules on micro loans

Prime Minister Hun Sen told a summit on micro-finance development yesterday that stricter rules needed to be applied to organizations and institutions lending money as many people were being cheated, embezzled and losing their collateral to unscrupulous lenders. ...

Chea Vannak
http://www.khmertimeskh.com/news/22751/pm-urges-tighter-rules-on-micro-loans/

MFIs extend reach with branchless banking

Branchless banking, including mobile banking, is one of the hottest trends in Cambodia’s microfinance industry, helping financial institutions deliver their products conveniently and affordably to people living in rural areas, industry insiders said yesterday.   ...

Hor Kimsay
http://www.phnompenhpost.com/business/mfis-extend-reach-branchless-banking

Government will not look into Funcinpec request for aid from China

Interior Ministry spokesman Khieu Sopheak said royalist party Funcinpec will not be investigated for requesting funds from China, despite an article in the Law on Political Parties banning parties from receiving financial support from foreign governments and institutions. ...

Ben Sokhean
http://www.phnompenhpost.com/national-politics/government-will-not-look-funcinpec-request-aid-china

South Korean bank buys local MFI

South Korea-based Woori Bank has purchased Cambodian microfinance institution Malis Finance for $4.9 million. Hun Soopheak, general manager of Malis Finance, said the deal was finalised two weeks ago; however, the firm is still awaiting approval from Cambodian regulators. ...

Chan Muyhong
http://www.phnompenhpost.com/business/south-korean-bank-buys-local-mfi

RATH Sarath

Senior Finance and Admin OfficerTransparency, accountability and honesty are Mr. Sarath’s core values. In charge of finance and admin tasks of ODC, Mr. Sarath works closely with all team members to produce the good achievements on ensure that all financial documents are legally compliant with ...

Indigenous people push for official recognition

Nearly 20 people representing more than 100 families in Koh Kong province’s Thma Baing district yesterday gathered in Phnom Penh to submit petitions at various institutions requesting intervention to gain official recognition of the Chong indigenous people in Areng Valley. ...

Pech Sotheary
http://www.khmertimeskh.com/50299578/indigenous-people-push-for-official-recognition/

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