Khmer Times

Economic zone reaches milestone

The Sihanoukville Special Economic Zone (SSEZ) jointly operated by a China-based conglomerate and the Cambodia International Investment Development Group Co. Ltd reached a milestone yesterday with the 100th factory set up to operate in the economic and trade cooperation zone. ...

Chea Vannak
http://www.khmertimeskh.com/news/25859/economic-zone-reaches-milestone/

Stock exchange ready for SMEs

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...

Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/

Beach buildings to be destroyed

Structures considered to be encroaching on state-owned beach areas in Sihanoukville will be demolished, according to a letter sent on Sunday from the Minister of Land Management to the Committee for Cambodia Coastal Management and Development. ...

Pav Suy
http://www.khmertimeskh.com/news/25870/beach-buildings-to-be-destroyed/

NBC modernizes payment system

The National Bank of Cambodia (NBC) received a grant totaling $8 million from the South Korean government, through the Korea International Cooperation Agency (KOICA) to modernize its national retail payment system as the Kingdom gets ready to trade in the Asean Economic Community. ...

May Kunmakara
http://www.khmertimeskh.com/news/25854/nbc-modernizes-payment-system/

ACU rejects complaints against Sokha, NEC

The Anti-Corruption Unit (ACU) has decided it will not take action over two complaints accusing acting Cambodian National Rescue Party (CNRP) president Kem Sokha of financial fraud along with corruption allegations against four National Election Committee members. ...

Taing Vida
http://www.khmertimeskh.com/news/25827/acu-rejects-complaints-against-sokha--nec/

National carrier expands routes

The Kingdom’s national flagship carrier Cambodia Angkor Air is now setting its sights to fly to international destinations in an interline agreement with South Korea-based Jin Air. A memorandum of understanding (MoU) signed between Cambodia Angkor Air and Jin Air late last week paves the ...

May Kunmakara
http://www.khmertimeskh.com/news/25814/national-carrier-expands-routes/

Justice Min. to debate despite boycott

The Justice Minister will verbally clarify laws and procedures relating to politicians and the judiciary in the National Assembly on June 9, despite requests by the opposition to cancel the session. ...

May Titthara
http://www.khmertimeskh.com/news/25829/justice-min--to-debate-despite-boycott/

Logs to be sold, names released

The Ministry of Economy and Finance has announced the date of the auction for timber confiscated from logging companies by the National Anti-Deforestation Committee (NADC) earlier this year, inadvertently releasing the official names of seven previously unknown companies caught housing illegally logged wood. ...

May Titthara
http://www.khmertimeskh.com/news/25830/logs-to-be-sold--names-released/

Illegal fishing crackdown on Tonle Sap

Fishery officials are attempting to crack down on illegal fishing along the Tonle Sap in Pursat province’s Krakor district, citing the need to preserve resources for local communities whose livelihoods depend on fishing. ...

Pav Suy
http://www.khmertimeskh.com/news/25821/illegal-fishing-crackdown-on-tonle-sap/

More protests over factory closing

Almost 600 garment workers from the Malaysian-owned Global Apparel Limited garment factory protested yesterday morning by marching from the factory to another branch 200 meters away, demanding the owners end all worker contracts at the same time. ...

Mom Kunthear
http://www.khmertimeskh.com/news/25824/more-protests-over-factory-closing/

Hundreds sick in Prey Veng: ministry official

More than 400 people in Prey Veng’s Peamro district came down with cold and flu-like symptoms on Saturday, prompting the Ministry of Health to launch an investigation into the cause of the sickness. ...

Pav Suy
http://www.khmertimeskh.com/news/25784/hundreds-sick-in-prey-veng--ministry-official/

Rice exports to EU threatened

The Kingdom’s rice exports to the European Union (EU), which now enjoy duty and quota free access, could be threatened if the regional grouping agrees to Italy’s request to limit rice imports from least developed countries (LDCs). Italy is Europe’s top premium rice producer and ...

Sok Chan
http://www.khmertimeskh.com/news/25768/rice-exports-to-eu-threatened/

Malaysian businessmen urged to invest in Cambodia

The President of the Cambodia Chamber of Commerce (CCC), a leading organization representing the private sector in the Kingdom, has urged Malaysian investors and businessmen to invest in and do business with Cambodia to forge a stronger relationship between the two Asean states. ...

May Kunmakara
http://www.khmertimeskh.com/news/25770/malaysian-businessmen-urged-to-invest-in-cambodia/

Minister claims logging has ended

Environment Minister Say Samal claims Cambodia has put an end to illegal logging and timber exports to Vietnam, despite reports of continued, and even rising, levels of forest clearing and timber being transported to the Kingdom’s neighbor. ...

May Titthara
http://www.khmertimeskh.com/news/25786/minister-claims-logging-has-ended/

Cambodia backs Timor-Leste ASEAN membership

Prime Minister Hun Sen announced that Cambodia supported Timor-Leste’s bid to become the 11th member of Asean.   ...

Ven Rathavong
http://www.khmertimeskh.com/news/25747/cambodia-backs-timor-leste-asean-membership/

Equality sought after land dispute

About 200 families gathered last week in a village in Koh Kong’s Kiri Sakor district, demanding compensation for their removal from land to make way for a Chinese-owned Union Development Group (UDG) project in 2011. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/25729/equality-sought-after-land-dispute/

Measles case confirmed in capital

The Kingdom’s most recent case of measles involves a one-year-old child in Phnom Penh, marking the virus’ third appearance in the country this year. ...

Pav Suy
http://www.khmertimeskh.com/news/25737/measles-case-confirmed-in-capital/

Highest hotel in Sunshine City

The highest hotel complex in Phnom Penh city will soon make its debut with ample parking space for all its guests and visitors. The complex, Ding Li Sunshine City, will be 37 stories high with four levels of underground parking, said its developer Ding Li ...

Sum Manet
http://www.khmertimeskh.com/news/25725/highest-hotel-in-sunshine-city/

July set for minimum wage talks

A series of talks will be held next month to discuss the future of minimum wages in the footwear and garment industries, with their findings to be announced and enforced early next year, according to Ministry of Labor officials. ...

Mom Kunthear
http://www.khmertimeskh.com/news/25734/july-set-for-minimum-wage-talks/

Banks, MFIs urged to support SMEs

Banks and financial institutions are urged to provide more support to small and medium enterprises (SMEs), especially those owned by women, as access to capital remains a major obstacle for their growth. ...

Chea Vannak
http://www.khmertimeskh.com/news/25720/banks--mfis-urged-to-support-smes/

Cambodia, new host for world forum

More tourists and more investment. That will be the mantra when the Kingdom hosts the World Economic Forum on Asean in the capital next year. ...

May Kunmakara
http://www.khmertimeskh.com/news/25723/cambodia--new-host-for-world-forum/

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