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Toll climbs as floods recede

The death toll from recent floods has climbed to 20 while rivers engorged with floodwater have completely swept away 10 houses, according to the National Committee for Disaster Management. In Prey Veng, the body of a police officer who slipped into a river while helping people ...

Pech Sotheary
http://www.phnompenhpost.com/national/toll-climbs-floods-recede

Amid credit expansion, Riel loans minimal

Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/amid-credit-expansion-riel-loans-minimal-66610/

Cambodian parties expect draft election law by month’s end

Cambodia’s ruling and opposition parties expect to finalize a draft of the nation’s new election law by the end of the month as the centerpiece of key reforms promised in a July agreement that ended a nearly one-year political crisis, an official said Monday. “The two ...

Joshua Lipes
http://www.rfa.org/english/news/cambodia/draft-09082014171348.html

NagaCorp reassures investors over Cambodia licence

Cambodian casino operator NagaCorp Ltd has taken the step of reassuring investors about its casino licence rights in the country. It stated that the deal includes an exclusive right to operate a casino (NagaWorld, pictured) in the capital Phnom Penh, and the area within a ...

GGRAsia News Staff
http://www.ggrasia.com/nagacorp-reassures-investors-over-cambodia-licence/

Carbon credits a tough sell

Despite one success story emerging in the trade of Cambodia-generated carbon credits, immediate prospects for the environmental trading scheme in Kingdom remain few. Securing buyers of carbon credits for Cambodian projects is a well-known difficulty. Pact, however, left the project in July 2013 when the ...

Eddie Morton
http://phnompenhpost.com/business/carbon-credits-tough-sell

Where squalor’s the norm

Abuse, discrimination, exploitation and corruption are endemic in Cambodia’s prisons, spurred on by judicial and penal systems “driven by nepotism”, according to a new report from local rights group Licadho. The report, Rights at a Price: Life Inside Cambodia’s Prisons, which was released yesterday, details a ...

Alice Cuddy and May Titthara
http://www.phnompenhpost.com/national/where-squalors-norm

Chea Sim unlikely to attend CPP congress

CPP President Chea Sim is presently having a medical checkup in Vietnam and may not return to Cambodia in time for the ruling party’s national congress scheduled to begin Friday in Phnom Penh, his chief bodyguard said Wednesday. Defense Minister Tea Banh, a member of ...

Mech Dara
https://www.cambodiadaily.com/news/chea-sim-unlikely-to-attend-cpp-congress-76888/

Illegal wood found near military police base

Environment Ministry officials on Thursday found a cache of more than 400 pieces of illegally logged first-grade wood in Ratanakkiri province’s Lumphat Wildlife Sanctuary, which the ministry oversees, and suspect officers from a nearby military police base of being involved. Thin Ngoal, the sanctuary’s deputy director, ...

Aun Pheap
https://www.cambodiadaily.com/news/illegal-wood-found-near-military-police-base-77008/

Transparency key to attract US investments: Ambassador

US Ambassador Patrick Murphy on Monday held a meeting with Land Management Minister Chea Sophara to discuss the need for transparency in development projects to attract more American investments. Mr Murphy tweeted after the meeting the United States wants to see that all development projects in ...

Sun Mesa
https://www.khmertimeskh.com/50673427/transparency-key-to-attract-us-investments-ambassador

PM: ‘Border ravaged by war must enrich people’

Prime Minister Hun Sen has called for further investment in establishing special economic zones (SEZs) along the border with neighbouring Vietnam. Hun Sen was speaking at the inauguration of the Da Market in Tbong Khmum province on Tuesday as the government works to attract further foreign ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-border-ravaged-war-must-enrich-people

Lao leader hails close ties during his state visit to the Kingdom

Cambodia reaffirmed its strong ties with its neighbour to the north during Laotian President Bounnhang Vorachith’s visit to the Kingdom. Bounnhang arrived in Cambodia on Sunday and departed the next day after meetings with National Assembly president Heng Samrin and Prime Minister Hun Sen in ...

Mech Dara
https://www.phnompenhpost.com/national-politics/lao-leader-hails-close-ties-during-his-state-visit-kingdom

Mekong levels to drop as China conducts equipment tests

The Mekong River Commission on Tuesday reported dam equipment tests in China will affect water levels in Cambodia, Thailand and Laos in the middle of this month. In a press release obtained yesterday, the MRC said the tests are being conducted in China’s Jinghong hydropower station ...

Mom Kunthear
https://www.khmertimeskh.com/50675730/mekong-levels-to-drop-as-china-conducts-equipment-tests

Protesters demand speedy land dispute resolution at ministry

More than 700 people affected by land disputes gathered in Phnom Penh on Monday to protest in front of the Ministry of Land Management, Urban Planning, and Construction. The protesters who came from Koh Kong, Kampong Speu, Oddar Meanchey and Preah Vihear provinces demanded a ...

Long Kimmarita
https://www.phnompenhpost.com/national/protesters-demand-speedy-land-dispute-resolution-ministry

National Strategic Development Plan to combat corruption

The government has introduced the National Strategic Development Plan 2019-23 which will focus on increasing awareness and reinforcing precautionary measures and strategies to crack down and combat corruption. The strategies come in conjunction with the increasing need for ministries and institutions to collaborate with the ...

Mech Dara
https://www.phnompenhpost.com/national/national-strategic-development-plan-combat-corruption

Koreans eyeing bank IPO

Korean investors are looking forward to investing in the local stock market as it prepares to welcome Acleda Bank Plc into its main board. With Acleda Bank, one of the largest banks in the Kingdom, scheduled to go public in upcoming weeks, hundreds of Korean businesspeople ...

May Kunmakara
https://www.phnompenhpost.com/business/koreans-eyeing-bank-ipo

CDC okays investments worth over $83 million

Ten investment projects worth $83.7 million were approved by the Council for the Development of Cambodia (CDC) this week, it said in a press release said on Tuesday. The projects are anticipated to create some 4,744 jobs. ...

Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-investments-worth-over-83-million

Policy against economic risks turns to action

The Ministry of Economy and Finance on Tuesday issued two separate letters to its General Department of Taxation (GDT) and its General Department of Customs and Excise (GDCE) ordering immediate action to mitigate risk to the Kingdom’s economy. ...

May Kunmakara
https://www.phnompenhpost.com/business/policy-against-economic-risks-turns-action

Cambodia wants to attract more Indonesian investors

Cambodia and Indonesia plan to host a Trade and Investment Forum early in June in an effort to attract more Indonesian investors to the Kingdom. The plans were revealed after a meeting between Indonesian Ambassador to Cambodia Sudirman Haseng and Minister of Industry, Science, Technology and ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-wants-attract-more-indonesian-investors

Children gain opportunities but face risks in age of social media

A Children’s Fund (Unicef) report on the use of social media by children and adolescents in East Asia says that although access to such sites provides children with big opportunities, it also exposes them to the growing risks that accompany the platforms. ...

Voun Dara
https://www.phnompenhpost.com/national/children-gain-opportunities-face-risks-age-social-media

Japan gov’t grants $1.43 million in aid for social projects

Japan on Thursday provided a $1.43 million grant to three organisations working to clear cluster bombs, improve food security and promote sustainable agricultural conditions for poverty reduction in Cambodia. The grant was signed by Japanese Ambassador to Cambodia Masahiro Mikami and representatives of the three recipients ...

Voun Dara
https://www.phnompenhpost.com/national/japan-govt-grants-143-million-aid-social-projects

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