Spirits high after NBC’s prakas on capital rules
The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...
May Kunmakara |
https://www.phnompenhpost.com/business/spirits-high-after-nbcs-prakas-capital-rules
Central bank's regulations to boost financial resilience in Cambodia
The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...
Sok Raksa
https://www.phnompenhpost.com/business/central-banks-regulations-boost-financial-resilience-cambodia
MoU strengthens technical and vocational internships
The Ministry of Labor and Vocational Training, Chamber of Commerce, and employers’ association signed a Memorandum of Understanding (MoU) to promote internship opportunities for vocational and technical training. ...
Kiripost staff writers
https://kiripost.com/stories/mou-strengthens-technical-and-vocational-internships
Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023
Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/
New interior ministry HQ inaugurated
The Ministry of Interior’s new headquarters was officially inaugurated by Prime Minister Hun Manet on November 6. The facility was completed in just under two years, at a cost of approximately $60 million. ...
Post Staff
https://www.phnompenhpost.com/national/new-interior-ministry-hq-inaugurated
GDT calls for good tax culture in Cambodia
The General Department of Taxation (GDT) has asked garment, footwear, and travel goods (GFT) manufacturers and exporters to comply with the new tax law and also support promoting a good tax culture in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501403662/gdt-calls-for-good-tax-culture-in-cambodia/
Some 1,300 underprivileged students enroll at NPIC
Since the official launch of the technical and vocational training programme for poor and vulnerable youths last month, some 1,300 young people have enrolled at the National Polytechnic Institute of Cambodia (NPIC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501412958/some-1300-underprivileged-students-enroll-at-npic/
Commerce chamber suggest Hungary open commercial office
The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...
Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office
Press release on the self-declaration of installation and use of solar power systems
On 5 July 2024, the Electricity Authority of Cambodia issued a press release on the self-declaration of installation and use of solar power systems on thier official social media site.According to the press, the Electricity Authority of Cambodia has appealed to all consumers who have ...
Electricity Authority of Cambodia
Cambodia Offers Rice To Indonesia - Bernama
Indonesia will soon sign a contract to import 100, 000 metric tones of rice from Cambodia over the next 5 years On his part, Hun Sen invited Indonesian Investors to invest in poor harvest businesses such as rice hulling in Cambodia ...
PM offers Myanmar a ‘win-win’
During the inauguration of a pagoda in Prey Veng on Friday, Prime Minister Hun Sen announced he will send several advisers to Myanmar to share lessons from his “Win-Win” policy, which he credits with ending Cambodia’s civil war. ...
Touch Sokha and Cristina Maza
http://www.phnompenhpost.com/national/pm-offers-myanmar-win-win
IMF chief pledges continued support to Cambodian reforms
The International Monetary Fund (IMF) Managing Director Christine Lagarde pledged Monday to continue providing technical assistance to Cambodia for financial and fiscal reforms. Speaking during a meeting with Cambodian Economy and Finance Minister Aun Porn Moniroth, Lagarde hailed Cambodia for sound macroeconomic management and fruitful cooperation ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/02/c_132935757.htm
Chong Phlas miners ordered to shutdown
Authorities in Mondolkiri province have given more than ten gold mining sites within the Chong Phlas Mining Community 15 days to shut down operations after concluding that they were not following the law. ...
Khy Sovuthy
https://www.khmertimeskh.com/50496723/chong-phlas-miners-ordered-to-shutdown/
Surrogacy law progresses
Interior Minister Sar Kheng is monitoring the progress of a draft law aimed at addressing the problem of surrogacy in the Kingdom, which is now being debated at the inter-ministerial level. Mr Kheng on Tuesday evening briefed Donica Pottie, Canada’s Ambassador to the Kingdom, on the ...
Taing Vida
https://www.khmertimeskh.com/50553934/surrogacy-law-progresses/
Four solar projects approved
The Council of Ministers on Friday approved four solar projects that will produce a combined 140 megawatts. The body convened last week to review a raft of new laws and investment proposals, which included the four solar projects. In a statement issued after the meeting, the ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50623720/four-solar-projects-approved/
City Hall says ID cards are free
City Hall issued a statement on Wednesday dismissing information that civil registration certificates, including ID cards, would include fees after the national election in July and asked authorities to find and punish those who spread the false information. ...
Pech Sotheary
https://www.khmertimeskh.com/50484344/city-hall-says-id-cards-are-free/
Trade union bill changes passed
The Council of Ministers approved draft amendments to 10 articles of the Law on Trade Unions without modification on Friday, leaving some unions disappointed and claiming that the majority of their suggestions had not been included. Articles 3, 17, 20, 21, 27, 28, 29, 54, ...
Long Kimmarita
https://www.phnompenhpost.com/national/trade-union-bill-changes-passed
Iranian couple from Nauru latest to leave Cambodia
An Iranian husband and wife are the latest refugees to return home after being resettled in Phnom Penh as part of an expensive deal between Cambodia and Australia, immigration officials said Monday. ...
Zsombor Peter
https://www.cambodiadaily.com/news/iranian-couple-from-nauru-latest-to-leave-cambodia-109551/
UN rights office voices concern at clampdown on political activism in Cambodia
The United Nations human rights office expressed concern today over a worsening climate for opposition politicians and activists in Cambodia, and stressed that the right to peaceful assembly and to freedom of expression belongs to all. ...
Big News Network Staff
http://www.bignewsnetwork.com/news/238122383/un-rights-office-voices-concern-at-clampdown-on-political-activism-in-cambodia
Foreign ministry investigating allegations of service passport
A Cambodian Monk in South Korea alleged that there are some officials in the Foreign and Interior Ministries illegally issuing service passports for Cambodian migrants in order to work in South Korea, according to video footage posted by a local media outlet on Monday. The ...
Ven Rathavong
http://www.khmertimeskh.com/news/21777/foreign-ministry-investigating-allegations-of-service-passport/