Seminar to discuss safety
Ministry of Land Management, Urban Planning and Construction is preparing to host a construction seminar next week that will discuss the criteria for issuing building permits and also tackle problems related to construction site management. ...
Sum Manet
http://www.khmertimeskh.com/news/31661/seminar-to-discuss-safety/
Korean firm violated its contract: Minister
Sun Chanthol, the Minister of Public Works and Transport, said last week that Hanshin Engineering and Construction Company, a Korean firm that won the contract to improve National Road 21, violated the contract with the government by hiring a subcontractor to do the job. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/27873/korean-firm-violated--its-contract--minister/
Social fund to cover pensions
At a meeting chaired by Prime Minister Hun Sen on Friday, the Council of Ministers approved a draft law on expanding the scope of the National Social Security Fund (NSSF) to cover pensions. The law is of immense importance, particularly in providing greater protections for ...
Ry Sochan
https://www.phnompenhpost.com/national/social-fund-cover-pensions
US slams gov’t over recent political turmoil
A U.S. State Department official told the country’s Senate on Thursday that recent political events in Cambodia, including the beatings of lawmakers outside the National Assembly and the removal of opposition officials from their seats and positions in parliament, were a cause for “grave concern.” ...
George Wright
https://www.cambodiadaily.com/news/us-slams-govt-over-recent-political-turmoil-101119/
Gov’t vows crackdown on lawbreaking contractors
Contractors that dodge requirements to register with the social security fund, leaving workers to foot their hospital bills alone, will start facing harsher legal penalties, the director of the National Social Security Fund (NSSF) said. ...
Jonathan Cox and Tin Sokhavuth
http://www.khmertimeskh.com/news/18493/gov---t-vows-crackdown-on-lawbreaking-contractors/
Village-based internet pilot project launched in Kampong Cham
A community-based Internet provider called NerveNet has been launched in Kampong Cham province’s Chheng Prey district, about 100 kilometers east of Phnom Penh. ...
Chea Vannak
http://www.khmertimeskh.com/news/22616/village-based-internet-pilot-project-launched-in-kampong-cham/
IFC to help Cambodia's stock market regulator strengthen governance, regulation
The International Finance Corporation (IFC) signed a memorandum of understanding with the Securities and Exchange Commission of Cambodia (SECC) on Thursday to develop a roadmap for strengthening the country’s corporate governance policies and practices. ...
Shanghai Daily Team
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=326143
Firm poised to be first licensed derivatives broker
Six months since Cambodia’s market regulator officially launched derivatives trading in Cambodia, Phnom Penh Securities Plc is poised to become the first local securities firm to legally trade the complex and little-understood financial instrument. ...
Kali Kotoski
http://www.phnompenhpost.com/business/firm-poised-be-first-licensed-derivatives-broker
FAST payments to move riel quickly
Three months since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fast-payments-move-riel-quickly
Publisher says officials involved in illegal timber
A local newspaper publisher has appealed directly to Prime Minister Hun Sen for help after provincial officials allegedly crashed into his car and threatened him in order to hide timber smuggling activities. ...
Phak Seangly
http://www.phnompenhpost.com/national/publisher-says-officials-involved-illegal-timber
Hope grows in insurance
Even though Cambodia’s insurance industry is still young compared to neighboring countries such as Thailand and Vietnam, there is potential for its growth with the development of human resources in the sector. ...
Sok chan
http://www.khmertimeskh.com/news/27361/hope-grows-in-insurance/
Budget for 2017 to increase by $5 bil
The government plans to increase the 2017 national budget by 15.7 percent, to more than $5 billion – representing an increase over this year’s government expenditure of more than $4.3 billion – a government source said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/31046/budget-for-2017-to-increase--by--5-bil/
Singapore could face legal action over sand importation
Environmental NGO Mother Nature has hired a Singaporean law firm to investigate alleged irregularities in the country’s importation of Cambodian sand, the organization’s founder said on Wednesday. ...
Ben Paviour
https://www.cambodiadaily.com/news/singapore-could-face-legal-action-over-sand-importation-122978/
Ministry cracks down in orphans scandal
The Ministry of Social Affairs has decided to reintegrate more than 3,000 children in orphanages back into families after discovering the abysmal conditions of many facilities, with some having reported sexual abuse. ...
Pech Sotheary
http://www.khmertimeskh.com/news/37654/ministry-cracks-down-in-orphans-scandal/
Victims of Ponzi scheme petition courts, government for assistance
About 300 victims of an alleged Ponzi scheme filed complaints with the Phnom Penh Municipal Court, the Justice Ministry and the National Assembly on Monday asking for the government’s help in recouping their losses. ...
Buth Kimsay
https://www.cambodiadaily.com/news/victims-of-ponzi-scheme-petition-courts-government-for-assistance-129262/
Labor activist seeks aid for migrant workers who may be unable to vote
A labor rights activist has appealed to the government to assist migrant workers in Thailand to cast their votes at the up coming commune council elections.A small number of the roughly 1 million Cambodian workers in Thailand who have managed to register to vote will ...
Men Kimseng
http://www.voacambodia.com/a/labor-activist-seeks-aid-for-migrant-workers-who-may-be-unable-to-vote/3875970.html
First life insurance company launches in Cambodia
The Kingdom’s first life insurance company, Cambodian Life, launched yesterday, courting a market almost entirely unfamiliar with the service. Industry insiders said demand for the products would need time to grow. The establishment of Cambodian Life in the Kingdom would develop confidence in the market and ...
http://www.phnompenhpost.com/index.php/2012052256297/Business/life-insurance-opens-doors.html
Second Chroy Changva Bridge Construction to be finished by late 2014
The Construction of Second Chroy Changva Bridge, which is funded by Chin’s loan, is expected to be finished by the end of 2014, reducing the heavy traffic on the current Chroy Changva Bridge, said a government official. The construction project costs USD 27.5 millions and ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MGI3MGVlYTAwYTY
At-large official given four years in prison
Phnom Penh Municipal Court yesterday convicted and sentenced in absentia a senior official at the Ministry of Public Works and Transport for directing money from employees’ salaries to his own pocket. Seng Setha, 52, general director of the ministry’s administration and human resources department, was sentenced ...
Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/large-official-given-four-years-prison
Paddy rice farms curb losses from lost land
Cambodian paddy rice production fell only slightly during the first half of this year’s dry season, despite 12,000 hectares of usually productive land deemed unusable due to last year’s floods. According to the Ministry of Agriculture, Forestry and Fisheries, dry season paddy rice production between December ...
Chan Muyhong
http://www.phnompenhpost.com/business/paddy-rice-farms-curb-losses-lost-land