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Joint statement between Ministry of Economy and Finance and National Bank of Cambodia

As a result of the meeting dated on 27 January 2015, the Ministry of Economy and Finance and the National Bank of Cambodia condemn some humanitarian non-governmental organizations and associations that are lending money to people without licenses and registration at the bank, and ordered ...

Ministry of Economy and Finance and National Bank of Cambodia

State secrets law won’t stifle press, official says

A state secrets law being drafted by the Interior Ministry will not be used to target reporting on sensitive issues such as corruption, a senior military police official said yesterday. The National Police announced that the law was being drafted late last month following a ...

Vong Sokheng and Kevin Ponniah
http://www.phnompenhpost.com/national/state-secrets-law-wont-stifle-press-official-says

Interior Ministry retirees get ‘political positions’

Senior officials at the Ministry of Interior who have recently retired will be reappointed to “political positions”, Deputy Prime Minister Sar Kheng said yesterday. ...

Meas Sokchea
http://www.phnompenhpost.com/interior-ministry-retirees-get-political-positions

MoC says registration online will boost rank

Commerce Minister Sun Chanthol said yesterday that his ministry was initiating reforms that would see Cambodia’s ease of starting a business ranking leap from the current 184 to 21. He said the government would also need to make changes to the Company Registration Law, reduce ...

Ananth Baliga
http://www.phnompenhpost.com/moc-says-registration-online-will-boost-rank

Public announcement on a denial of Phnom Penh Post's claims

Electricity of Cambodia denied the unrealistic claims in the article titled “Derailed​ dam​ angers​ EdC​ boss”, which was published on 11 March 2015, by The Phnom Penh Post due to the fact that the Areng hydropower project was completely withdrawn from the feasibility study after the ...

Electricity of Cambodia (EdC)

Download: pdf

New gas safety rules

As part of a new safety initiative, the Ministry of Mines and Energy will require all petrol station owners to present a certificate acknowledging that their businesses follow risk-prevention protocols. The directive came in response to a series of petrol fires and explosions that damaged property ...

Pech Sotheary
http://www.phnompenhpost.com/new-gas-safety-rules

Casino bill likely this year

The National Assembly will likely approve a casino-management bill before the end of the year, which is aimed at doubling gambling revenues and bringing the industry on par with international standards, said a senior official from the Ministry of Economy and Finance. Ros Phearun, deputy director ...

May Kunmakara
http://www.phnompenhpost.com/business/casino-bill-likely-year

Poisioning is result of ‘bad prep’

Lab results have revealed that an outbreak of food poisoning that left hundreds hospitalised in Siem Reap province last week was caused by bacteria likely passed on through unhygienic food preparation, an official said yesterday. ...

Alice Cuddy and Pech Sotheary
http://www.phnompenhpost.com/national/poisioning-result-bad-prep

GDT threatens to publicly shame late payers

The Tax Department has threatened to publicly name companies that have not paid their outstanding dues by the end of the month. In an announcement posted on its website and in local media on Tuesday, the General Department of Taxation called on all company directors with ...

May Kunmakara and Daniel de Carteret
http://www.phnompenhpost.com/business/gdt-threatens-publicly-shame-late-payers

Inflation down as global oil prices ease off

Cambodia experienced low inflation of around 1 per cent over the last three months thanks to a decline in oil prices, according to the latest data from the National Institute of Statistics. Inflation went from 0.8 per cent in January to 1.2 per cent in February, ...

May Kunmakara
http://www.phnompenhpost.com/business/inflation-down-global-oil-prices-ease

Lack of competition lets Ministry of Mines and Energy set sand price cap

After almost a month, the Ministry of Mines and Energy has officially announced the four companies that have been granted sand dredging licenses this past Tuesday. When the ministry notified the companies who won the bidding for one of four available licenses, it also gave them ...

Siv Meng
http://www.phnompenhpost.com/real-estate/lack-competition-lets-ministry-mines-and-energy-set-sand-price-cap

Cambodia's tax revenue up 38.5 pct in first half of 2015

The Cambodia’s General Department of Taxation (GDT) reported Monday that it collected 707 million U.S. dollars in taxes during the first six months of this year, up 38.5 percent over the same period last year. ...

Xinhua team
http://www.khmertimeskh.com/news/12961/cambodia-s-tax-revenue-up-38-5-pct-in-first-half-of-2015/

73 generals granted new ranks, jobs

A mass promotion announced by the Interior Ministry yesterday saw more than 80 senior police officials upgraded, including seven to three-star general status, as well as the appointment of seven new under-secretaries of state. ...

Vong Sokheng
http://www.phnompenhpost.com/national/73-generals-granted-new-ranks-jobs

Banned chemical found in seafood

The Ministry of Commerce’s Camcontrol Department found yesterday that part of the more than 300 kilograms of “suspicious” dried squid, stingray and shrimp confiscated in Kampot on Sunday had extremely high levels of a chemical substance banned in Cambodia. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/banned-chemical-found-seafood

China brides return to Cambodia after 2 years

Two more Cambodian women who were allegedly cheated by human traffickers into marrying Chinese men returned home yesterday. ...

Sen David
http://www.phnompenhpost.com/national/china-brides-return-cambodia-after-2-years

Warning for illegal MFIs

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders. ...

May Kunmakara
http://www.phnompenhpost.com/business/warning-illegal-mfis

Rescued bride tally nears 50

Cambodian authorities have rescued 48 Cambodian women cheated into marrying Chinese men since the start of 2015, the Foreign Ministry announced yesterday. ...

Pech Sotheary
http://www.phnompenhpost.com/national/rescued-bride-tally-nears-50

Provinces tapped for appeal court project

Long-awaited regional appeal courts, intended to ease a logjam of pending cases caused by inmate transportation issues, will be unveiled in three provinces next year, Ministry of Justice officials said yesterday. ...

Chhay Channyda
http://www.phnompenhpost.com/national/provinces-tapped-appeal-court-project

Loan growth risks up for debate

Bank deposits and loans during the first half of this year grew significantly as compared with the same period in 2014, with loans alone increasing over 30 per cent, drawing mixed reactions from industry insiders on the risks of this rapid credit growth. ...

Ananth Baliga
http://www.phnompenhpost.com/business/loan-growth-risks-debate

Tourist arrivals in first half rise

Cambodia welcomed around 2.3 million people for the first half of this year, up 4.6 per cent compared to the same period last year, amid concerns from the tourism minister that the Kingdom may not reach its target of 5 million arrivals for 2015. ...

Sor Chandara
http://www.phnompenhpost.com/business/tourist-arrivals-first-half-rise

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