Khmer Times

Herd of endangered Asian elephants captured on camera in Cambodia

A herd of at least 12 endangered Asian elephants, including young, has been caught grazing and roaming around the Cambodia’s largest protected forest in a remarkable camera trap footage, according to the Conservation International’s statement seen on Saturday.   ...

Xinhua team
http://www.khmertimeskh.com/news/20011/herd-of-endangered-asian-elephants-captured-on-camera-in-cambodia/

Firms urged to opt for arbitration, not courts, to settle disputes

Commercial arbitration is a swifter, less expensive and more confidential way to settle business disputes than going through the courts, and the expansion of the service here will make the investment environment more attractive, Van Sou Ieng, president of the Cambodian Federation of Employers and ...

Sok Chan
http://www.khmertimeskh.com/news/20033/firms-urged-to-opt-for-arbitration--not-courts--to-settle-disputes/

European bank adds Cambodia to network

France’s BRED Bank, one of the largest lenders in Europe, plans to open its first branch in Cambodia by the end of the year as it expands its network in ASEAN, its CEO said, adding that it aims to assist  small and medium-sized enterprises (SMEs) ...

May Kunmakara
http://www.khmertimeskh.com/news/19971/european-bank-adds-cambodia-to-network/

Kingdom’s union law ‘a work in progress’

Lawmakers from both the ruling Cambodia People’s Party (CPP) and the Cambodia National Rescue Party (CNRP) were able to reach consensus and move forward on several aspects of the draft union law yesterday, revising seven of 21 articles that had been flagged by union groups ...

Taing Vida
http://www.khmertimeskh.com/news/19968/kingdom---s-union-law----a-work-in-progress---/

Investment in construction reaches all-time high

Investment in the construction sector reached an all-time high last year at almost $3.5 billion, up about 40 percent from the $2.5 billion invested in the sector in 2014, according to data from the Ministry of Land Management, Urban Planning, and Construction.   ...

Sum Manet
http://www.khmertimeskh.com/news/19955/investment-in-construction-reaches-all-time-high/

Draft law to join china-led development bank passes national assembly

The draft law to join the China-led Asian Infrastructure Investment Bank passed the National Assembly yesterday with lawmakers from both the ruling and opposition party supporting it, saying it will  open the door to a new source of funding for the development of the Kingdom’s ...

Sok Chan
http://www.khmertimeskh.com/news/19860/draft-law-to-join-china-led-development-bank-passes-national-assembly/

Forecast stormy for Mekong, commission says

With the threat of climate change, a long-lasting drought, and contentious dam construction in Laos, the Mekong River Commission (MRC) has its work cut out for the rest of the year. Composed of delegates from Cambodia, Laos, Thailand, and Vietnam, the MRC is in charge ...

Jonathan Cox
http://www.khmertimeskh.com/news/19880/forecast-stormy-for-mekong--commission-says/

First VIP lounge opens at airport

A new VIP lounge was officially opened yesterday by Plaza Premium Group in the departure area of Phnom Penh International Airport, with the Hong Kong-based company saying it invested nearly $2 million in the lounge. ...

Sok Chan
http://www.khmertimeskh.com/news/19746/first-vip-lounge-opens-at-airport/

NBC moves to strengthen banks’ liquidity

The National Bank of Cambodia (NBC) is requiring financial institutions to gradually phase in a higher liquidity coverage ratio (LCR) to ensure sustainable growth in the industry and avoid crises.  ...

May Kunmakara
http://www.khmertimeskh.com/news/19748/nbc-moves-to-strengthen-banks----liquidity/

Psychologist profession remains short: experts warn

According to psycologists working in Cambodia, their lack of peers withing the country is a problem that needs to be addressed. The experts believe that to further develop the country, psychology services should be integrated into many of the key sectors including health, social work, ...

Va Sonyka
http://www.khmertimeskh.com/news/19823/psychologist-profession-remains-short--experts-warn/

Master plan for coastal revival nearing approval

The draft Coastal Master Plan is likely to get approval from the Ministry of Tourism and other ministries in the middle of this year, while Otres Beach has been selected by the ministry as the template ensuring bays and beaches are environmentally friendly in order ...

Sok Chan
http://www.khmertimeskh.com/news/19667/master-plan-for-coastal-revival-nearing-approval/

Drug crimes double in Cambodia last year

The number of drug cases and people arrested for drug crimes in Cambodia in 2015 more than doubled year-on-year, while the volume of drugs seized shot up 18- fold, local media reported on Friday. ...

Xinhua team
http://www.khmertimeskh.com/news/19628/drug-crimes-double-in-cambodia-last-year/

Slowing China to impact Cambodia, region: WB

Cambodia’s economy is expected to grow at 6.9 percent this year, the same rate it expanded last year, due to slowing growth in leading economies in region, especially China, Asia’s largest and the world’s second-largest economy, according to the World Bank. ...

May Kunmakara
http://www.khmertimeskh.com/news/19591/slowing-china-to-impact-cambodia--region--wb/

‘World’s largest’ sugarcane factory to open in Preah Vihear next month

A $300 million sugarcane processing factory will begin producing sugar in Preah Vihear province next month and it is being described as the world’s largest such factory, according to reports in local media. ...

Sok Chan
http://www.khmertimeskh.com/news/19586/---world---s-largest----sugarcane-factory-to-open-in-preah-vihear-next-month/

Sino plaza marks first step abroad for CCSCE

China State Construction Engineering’s plan to spend $240 million to construct a four-building project called Sino Plaza as part of its strategy to move into rapidly growing Southeast Asia, realtors said. ...

Sum Mane
http://www.khmertimeskh.com/news/19592/sino-plaza-marks-first-step-abroad-for-ccsce/

Gov’t preparing to eliminate import duties for ASEAN products

The government is planning to gradually reduce tariffs on most goods imported from other ASEAN member states to zero, putting Cambodia ahead of what is required of it under the ASEAN Trade in Goods Agreement (ATIGA), officials said.   ...

May Kunmakara
http://www.khmertimeskh.com/news/19589/gov---t-preparing-to-eliminate-import-duties-for-asean-products/

Duty-free shop follows tourism surge on coast

The new duty-free shop opened by China Duty Free Group (CDFG) in Sihanoukville will have a major impact on development of the tourism industry in the coastal resort, a senior provincial official said yesterday. ...

May Kunmakara
http://www.khmertimeskh.com/news/19469/duty-free-shop-follows-tourism-surge-on-coast/

Tonle Sap fish harvest rises, official says

The volume of fish caught to make prahok (fermented fish paste) in the first season on the Tonle Sap Lake and River rose because weather conditions were ideal, but the amount expected for the second season, which begins in February, is likely to be lower ...

Sok Chan
http://www.khmertimeskh.com/news/19468/tonle-sap-fish-harvest-rises--official-says/

Patent tax can now be paid at banks, department says

The General Department of Taxation notified patent owners that they have three months to pay taxes owed on their patents, but they can do so at banks this year for the first time,  its director general said yesterday. ...

Sum Manet
http://www.khmertimeskh.com/news/19467/patent-tax-can-now-be-paid-at-banks--department-says/

New traffic law hurts the poor, citizens say

The introduction of the new traffic law has hit a few potholes, with some citizens complaining that it is too tough on poor families, while analysts say people in rural areas have been left in the dark about the new law’s requirements.  ...

Mom Kunthear and Jonathan Cox
http://www.khmertimeskh.com/news/19443/new-traffic-law-hurts-the-poor--citizens-say/

Commission makes changes in first union draft law meeting

A joint commission of 10 lawmakers from the ruling and opposition parties yesterday met for the first time to review the draft law on trade unions, and two of 21 articles that were flagged as controversial by unions have changed slightly. ...

Taing Vida
http://www.khmertimeskh.com/news/19441/commission-makes-changes-in-first-union-draft-law-meeting/

Bus protesters vow to defy court ban

Phnom Penh Municipal Court has ordered 50 former and current drivers of Capitol Tours Bus Company to cease their protest in front of its office, but the drivers – most of whom were fired last year – said yesterday they will not only ignore the ...

Mom Kunthear
http://www.khmertimeskh.com/news/19442/bus-protesters-vow-to-defy-court-ban/

Newly titled communities hope to protect more than just traditions

After three years of processing, two Phnong villages in northern Kratie province finally received community land titles on Saturday, the first to do so in Kratie province. Currently, there are two more villages with community land titles in Ratanakiri, and seven in Mondulkiri, making eleven ...

Aisha Down
http://www.khmertimeskh.com/news/19402/newly-titled-communities-hope-to-protect-more-than-just-traditions/

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