News
PM ready to maroon island investors
Prime Minister Hun Sen ordered his officials to revoke the licenses of any investment and construction firms found doing little or nothing with the islands or land they said they would develop. ...
Ven Rathavong
http://www.khmertimeskh.com/news/28106/pm-ready-to-maroon-island-investors/
Angkor temple dress code now in effect
At 8 a.m. on Thursday, Lin Sampho picked up an Australian tourist from a Siem Reap City hotel to take her to the Angkor Archaeological Park for a morning trek through the site’s ancient temples. ...
Phan Soumy and Janelle Retka
https://www.cambodiadaily.com/news/angkor-temple-dress-code-now-in-effect-116300/
PM discusses airport, taxi station
Prime Minister Hun Sen yesterday ordered the cancellation of all documents related to relocating a taxi station in Kampong Speu province and also refuted talk of an airport being constructed in the province. ...
Ven Rathavong
http://www.khmertimeskh.com/news/28111/pm-discusses-airport--taxi-station/
Prime Minister puts island projects on notice
Prime Minister Hun Sen used his Facebook page this week to order his government to revoke the project licenses of companies failing to develop islands off the coast of Cambodia, or—worse—trying to sell them off to others. ...
Kuch Naren
https://www.cambodiadaily.com/news/prime-minister-puts-island-projects-on-notice-116299/
Police searching for military officer who trafficked statue
Police in Banteay Meanchey province are searching for a military officer who illegally bought a centuries-old statue head of the Hindu deity Shiva from a farmer who unearthed it, officials said on Thursday. ...
Ben Sokhean
https://www.cambodiadaily.com/news/police-searching-for-military-officer-who-trafficked-statue-116303/
Firms flimsy on corporate governance
Cambodia has an opportunity to improve its corporate governance, addressing issues in this field that are increasingly important to international companies considering investment, an official from the International Finance Corporation (IFC) has said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/firms-flimsy-corporate-governance
Official asks to extend Pchum Ben
A civil society official has asked the National Election Committee (NEC) to cooperate with the Labor Ministry to give public servants, private sector employees, garment workers and migrant workers five more days off after the Phcum Ben festival for voter registration. ...
Mom Kunthear
http://www.khmertimeskh.com/news/28105/official-asks-to-extend-pchum-ben/
State President welcomes Cambodian Senior Minister
President Trần Đại Quang hosted a reception in Hà Nội yesterday for Cambodia’s Senior Minister and Minister of Cults and Religion, Him Chhem, during which he stressed the need for the two countries to boost religious cooperation in bilateral and multilateral frameworks. ...
Viet Nam News
http://vietnamnews.vn/politics-laws/300579/state-president-welcomes-cambodian-senior-minister.html#WEOSRtzhVAbORK3O.97
Villagers storm Kratie military police compound, take truck
An angry mob stormed a military police compound in Kratie province on Wednesday to retrieve two trucks loaded with wood that were confiscated for not having proper licenses, and two villagers were seriously injured, a rights worker claimed. ...
Derivatives licences handed out
Cambodia’s capital market regulator officially granted its first round of derivatives trading licences this week, nearly 10 months after it vowed to formally regulate the inherently risky financial instrument and provide investors with more options to earn profits. ...
Kali Kotoski
http://www.phnompenhpost.com/business/derivatives-licences-handed-out
Novel ATM service for the ‘unbanked’
With mobile money transfer services such as Wing and True Money continuing to spread their agent-based networks into rural parts of the country, local banks are increasingly leveraging their branch locations and ATM presence to provide a similar service through “Cash by Code”. ...
Kali Kotoski
http://www.phnompenhpost.com/business/novel-atm-service-unbanked
Education official did ‘not rape,’ minister says
Education Minister Hang Chuon Naron on Wednesday defended the decision not to expel a senior official from the ministry after he was arrested for sexually assaulting his interpreter during a visit to South Korea in May, saying the crime was not serious—“not rape.” ...
Janelle Retka
https://www.cambodiadaily.com/news/education-official-did-not-rape-minister-says-116242/
Garment truck crashes in Kompong Speu; 39 injured
A truck packed with garment workers traveling to factories in Kompong Speu province overturned on Wednesday while attempting to avoid another truck crossing the road, injuring 39 women, including a dozen who suffered broken arms and legs, officials said. ...
Phan Soumy
https://www.cambodiadaily.com/news/garment-truck-crashes-in-kompong-speu-39-injured-116263/
Nearly $4M spent on national exam: Minister
Education Minister Hang Chuon Naron said yesterday that about $4 million was being spent on the upcoming national exam and that strict rules will ensure a fair contest. “Each candidate costs an estimated 140,000 riel [$35] that the ministry will spend for whole process of the ...
San Bunsim
http://www.khmertimeskh.com/news/28046/nearly--4m-spent-on-national-exam--minister/
Maids repatriated from Malaysia
Five Cambodian workers imprisoned in a Malaysian jail were repatriated yesterday, with 13 more expected to make their way back to the Kingdom in the coming days. All 18 were jailed for allegedly lacking the proper work permits and all had been brought to Malaysia by ...
Mom Kunthear
http://www.khmertimeskh.com/news/28048/maids-repatriated-from-malaysia/
Securities companies to provide market liquidity
A new initiative aimed at encouraging more trading on Cambodia’s persistently quiet stock exchange will allow securities underwriters and dealers to become liquidity providers who can hold and trade shares in listed companies. ...
Hor Kimsay
http://bit.ly/2ak6Xdl
JICA moots city transit system
The Japan International Cooperation Agency (JICA) is helping Cambodia conduct a feasibility study on an automated gateway transit system (AGT) to overcome Phnom Penh’s daily gridlock, caused by traffic congestion, during peak hours. Hideaki Wase, an urban transportation advisor in JICA, told Khmer Times yesterday that ...
May Kunmakara
http://www.khmertimeskh.com/news/28026/jica-moots-city-transit-system/
Local car hire app gets a jump on Uber
With ride-hailing giants Uber and Grab yet to enter the Cambodian market, a pair of local entrepreneurs have seized the initiative and developed the first private-hire car service and smartphone application for Phnom Penh’s frenetic city streets. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-car-hire-app-gets-jump-uber
Testing doctors possible: Ministry
The Ministry of Health (MoH) intends to discuss with Dr. Beat Richner the possibility of organizing a test for doctors in private clinics throughout the Kingdom about their professional knowledge, a spokesman confirmed yesterday. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/28044/testing-doctors-possible--ministry/
Call to revise rubber tax
As the price of natural rubber tumbles due to a slowdown in the global economy and falling demand for the commodity, the Kingdom’s hard hit rubber industry investors are now calling on the government to revise export taxes. ...
Chea Vannak
http://www.khmertimeskh.com/news/28028/call-to-revise-rubber-tax/
Convention centre to put Siem Reap on event circuit
Sokha Hotels and Resorts will open the first dedicated convention centre in Siem Reap next month, giving the country’s leading tourist destination another major draw to attract foreign visitors. ...
Thik Kaliyann
http://www.phnompenhpost.com/business/convention-centre-put-siem-reap-event-circuit
Yusen opens perishables storage facility in Cambodia
Japan-based Yusen Logistics has opened one of Cambodia’s largest temperature-controlled distribution center in Phnom Penh, which is becoming a significant air cargo destination for its textiles and perishable exports. The 33,000-square-foot facility has almost twice the capacity of the existing warehouse and includes a 4,237-square-foot ...
Lewis King
http://aircargoworld.com/yusen-logistics-opens-perishables-storage-facility-in-cambodia/
Concern over trade deal’s investor dispute mechanism
A civil society organisation has raised concerns about the proposed Regional Comprehensive Economic Partnership (RCEP), claiming that one provision of the sweeping trade agreement would limit the Kingdom’s ability to draft socially beneficial policies. ...
Kali Kotoski
http://www.phnompenhpost.com/business/concern-over-trade-deals-investor-dispute-mechanism
Accounting standards miss mark
The first-ever study to measure compliance with Cambodia’s new Law on Accounting and Auditing found few companies willing to talk about their accounting practices, and a low rate of compliance among those that did. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/accounting-standards-miss-mark