Khmer Times

Bayon launches daily flights to Vietnam

Cambodia Bayon Airlines, a wholly-owned subsidiary of the Aviation Industry Corporation of China, will start daily flights between Cambodian capital Phnom Penh and Vietnam’s Ho Chi Minh City from today, a company representative said yesterday. ...

Khmer Times team
http://www.khmertimeskh.com/news/12753/bayon-launches-daily-flights-to-vietnam/

Cambodia's tax revenue up 38.5 pct in first half of 2015

The Cambodia’s General Department of Taxation (GDT) reported Monday that it collected 707 million U.S. dollars in taxes during the first six months of this year, up 38.5 percent over the same period last year. ...

Xinhua team
http://www.khmertimeskh.com/news/12961/cambodia-s-tax-revenue-up-38-5-pct-in-first-half-of-2015/

Japan becomes China’s business rival in Cambodia

Prime Minister Hun Sen returned Monday from a weekend in Japan that included a day-trip 1,000 kilometers south of Tokyo to Yamaguchi Prefecture, home base of Prime Minister Shinzo Abe. ...

James Brooke
http://www.khmertimeskh.com/news/12948/japan-becomes-china---s-business-rival-in-cambodia/

New mining law could herald gold rush

Meng Saktheara wants to take some of the risk out of one of the riskiest businesses in Cambodia – commercial gold mining. As Indian mining giant Mesco Gold seeks a permit to build and operate the country’s first commercial gold mine in Ratanakkiri province, Mr. ...

Jonathan Cox
http://www.khmertimeskh.com/news/12941/new-mining-law-could-herald-gold-rush/

Garment training to boost local talent

The Garment Manufacturers Association in Cambodia (GMAC), which represents most of the country’s export-oriented garment factories, will establish a training institute with the aim of replacing more than 8,000 jobs in the garment industry held by foreign  workers with a highly skilled local workforce. ...

Igor Kossov
http://www.khmertimeskh.com/news/12940/garment-training-to-boost-local-talent/

CPP lashes out at NGOs as draft law moves forward

Warnings from civil society groups that they will urge citizens to vote against any politician who supports the draft law on associations and NGOs have drawn a stern rebuke from the ruling Cambodian People’s Party. ...

Ros Chanveasna and Muny Sithyna
http://www.khmertimeskh.com/news/12955/cpp-lashes-out-at-ngos-as-draft-law-moves-forward/

Furious villagers respond with flames

Local officials apologized yesterday to the Vietnamese owners of a rubber plantation in this northwestern province, after a dispute with local residents spiraled out of control a day earlier with angry villagers setting a company building aflame.  ...

Chea Takihiro
http://www.khmertimeskh.com/news/12952/furious-villagers-respond-with-flames/

Sam Rainsy: culture of dialogue will save Cambodia from bloodshed

At the Cambodia National Rescue Party Headquarters on Sunday, the party’s president declared that bloody clashes with the government like those of July 1997 will never happen again. ...

Chea Vannak
http://www.khmertimeskh.com/news/12919/sam-rainsy--culture-of-dialogue-will-save-cambodia-from-bloodshed/

Scavengers cut solid waste in country’s lone recycling progam

The day ends late for Cambodian waste pickers. Darkness does not stop them. They walk through the night wearing  small miners’ lights announcing their presence by shouting “et chay,” which means “scavenger.” ...

Marina Shafik
http://www.khmertimeskh.com/news/12915/scavengers-cut-solid-waste-in-country---s-lone-recycling-progam/

Cambodia asks for original maps from UN to verify border line with Vietnam

Cambodian Prime Minister Hun Sen on Monday requested all original maps deposited at the United Nations to verify the authenticity of maps the government is using to demarcate border line with its neighboring countries. ...

Xinhua team
http://www.khmertimeskh.com/news/12922/cambodia-asks-for-original-maps-from-un-to-verify-border-line-with-vietnam/

Gov’t says debate is open, but NGOs boycott LANGO workshop

The human rights non-governmental organizations (NGOs) Licado and Adhoc both say they will not attend Wednesday’s consultation workshop on the controversial draft Law on Associations and Non-Governmental Organizations (LANGO) hosted by the National Assembly. ...

Muny Sithyna and Ros Chanveasna
http://www.khmertimeskh.com/news/12920/gov---t-says-debate-is-open--but-ngos-boycott-lango-workshop/

Sun bears under the gun

Facing snares, hunters and deforestation, sun bears are in danger of being classified as endangered by the International Union for Conservation of Nature (IUCN) – and deforestation is their main threat. ...

Pav Suy and Jonathan Cox
http://www.khmertimeskh.com/news/12798/sun-bears-under-the-gun/

Vietnam hopes to develop peaceful, friendship borderline with Cambodia: spokesperson

Vietnam attaches great importance to the relationship with Cambodia and hopes to develop a peaceful and friendship borderline with the country, said Le Hai Binh, spokesperson of Vietnamese foreign ministry on Tuesday. ...

Xinhua team
http://www.khmertimeskh.com/news/12755/vietnam-hopes-to-develop-peaceful--friendship-borderline-with-cambodia--spokesperson/

Stalled interbank market clogging up liquidity

At least $1 billion in surplus liquidity is sitting idle in Cambodia’s banking system and could be unlocked if the central bank implemented a more effective interbank lending mechanism, experts say. ...

Cam McGrath
http://www.khmertimeskh.com/news/12776/stalled-interbank-market-clogging-up-liquidity/

Bourse offers primer on disclosure

The Cambodia Securities Exchange (CSX) organized a forum on Tuesday to help companies, investors and students understand the importance of disclosure in the securities market, inviting representatives of the fledgling bourse’s two listed companies to share their experience. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/12731/bourse-offers-primer-on-disclosure/

Vietnam hopes to develop peaceful, friendship borderline with Cambodia: spokesperson

Vietnam attaches great importance to the relationship with Cambodia and hopes to develop a peaceful and friendship borderline with the country, said Le Hai Binh, spokesperson of Vietnamese foreign ministry on Tuesday. ...

Xinhua team
http://www.khmertimeskh.com/news/12755/vietnam-hopes-to-develop-peaceful--friendship-borderline-with-cambodia--spokesperson/

Cambodia releases over 1 mln fry, shrimps on National Fish day

More than one million baby fish and 100,000 young shrimps were freed into a reservoir in northeast Cambodia’s Kampong Cham province on Wednesday to mark the 13th National Fish Day, Prime Minister Hun Sen said. ...

Xinhua team
http://www.khmertimeskh.com/news/12756/cambodia-releases-over-1-mln-fry--shrimps-on-national-fish-day/

Opposition calls for international court to settle border dispute

Lawmakers from the opposition Cambodia National Rescue Party have urged the government to file a complaint with the International Court of Justice over the ongoing border dispute with Vietnam. ...

Va Sonyka
http://www.khmertimeskh.com/news/12748/opposition-calls-for-international-court-to-settle-border-dispute/

$65 mln loan to expand microfinance

Three Thai banks have joined IFC’s $65 million syndication loan to a Cambodian microfinance institution to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women.  ...

Va Sonyka
http://www.khmertimeskh.com/news/12730/business-briefs/

Evicted villagers running out of options

After having her home burnt down, being arrested and driven from land she says is her family’s, Yoa Sa-aim is clinging to her last option. ...

Aisha Down
http://www.khmertimeskh.com/news/12749/evicted-villagers-running-out-of-options/

Rice export goals quietly fall

Cambodia’s ambitious goal of exporting one million tons of rice this year has been quietly dropped. A follow-up export goal of 600,000 tons also is falling by the wayside. ...

T. Mohan and Muny Sithyna
http://www.khmertimeskh.com/news/12698/rice-export-goals-quietly-fall/

Monks to march to save Prey Lang forest

More than 100 monks from across the Kingdom will gather in Prey Lang forest on July 2 for four days before travelling to Phnom Penh to protest against illegal logging and other environmental threats to the forest, activist monk Venerable But Buntenh said. ...

Pav Suy
http://www.khmertimeskh.com/news/12714/monks-to-march-to-save-prey-lang-forest/

Property boom, not bubble

Phnom Penh is changing at a blinding pace, with major new residential and commercial projects set to transform the capital’s skyline within the next five years. Chrek Soknim, CEO of Century 21 Mekong Realty, one of nearly two dozen Century 21 Cambodia affiliates, sees oversupply ...

Igor Kossov
http://www.khmertimeskh.com/news/12684/property-boom--not-bubble/

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