ព័ត៌មាន
Despite Land Loss, Minorities Back Status Quo
Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...
http://www.cambodiadaily.com/elections/despite-land-loss-minorities-back-status-quo-34786/
Cambodia collects 470 mln USD in tax in first half of 2013
Cambodia’s General Department of Taxation said Tuesday that it had collected 470 million U.S. dollars of tax in the first six months of this year, up 21 percent compared with the same period last year. The country earned the tax of 740 million U.S. dollars ...
http://news.xinhuanet.com/english/world/2013-07/09/c_132525765.htm
Hun Sen Mocks Opposition Request for Donors to Freeze Aid
Prime Minister Hun Sen on Saturday rebuked the opposition for urging foreign donors to refrain from signing any new agreements with the government until after the election and boasted of a new $26 million handed over last week by the European Union (E.U.) E.U. Ambassador ...
http://www.cambodiadaily.com/news/hun-sen-mocks-opposition-request-for-donors-to-freeze-aid-31547/
BoC is set to expand after rapid growth
Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...
http://www.phnompenhpost.com/2013042265138/Business/boc-is-set-to-expand-after-rapid-growth.html
Titles closer, but ‘land damage done’
Three ethnic Jarai minority communities passed a crucial hurdle on the way to obtaining communal land titles in government-sanctioned ceremonies this week. But a human-rights activist tempered the celebration, saying mass deforestation in the province had already stripped most of the land the villagers are ...
http://www.phnompenhpost.com/2013032264629/National/titles-closer-but-land-damage-done.html
Finance Ministry To Tackle Graft With ‘Rewards’
Finance Minister Keat Chhon announced a new plan on Thursday to cut down on rampant state corruption by dispersing three-quarters of non-tax revenue to ministries and their employees as financial “rewards.” With Anti-Corruption Unit chief Om Yentieng by his side, Mr. Chhon laid out the bare ...
http://www.cambodiadaily.com/news/finance-ministry-to-tackle-graft-with-rewards-8993/
Ministry Lists Fees to Help Firms Avoid Graft Claims
The government has publicly issued lists showing the costs of fees that businesses must pay to authorities for various services, in an effort to help companies avoid making informal payments made illegal by the anticorruption law. The lists were drafted during the past year after Cambodia ...
http://www.cambodiadaily.com/news/ministry-lists-fees-to-help-firms-avoid-graft-claims-8434/
Union Seeks Tax Reduction for Garment Workers
Factory workers should get a reduction or exemption from paying income tax as the deductions are forcing them into poverty, the Free Trade Union (FTU) wrote in a letter to Finance Minister Keat Chon. ...
New Judge Appointed to Keat Kolney Land Dispute Case
The Ratanakkiri Provincial Court will appoint a new judge to process complaints filed by ethnic Jarai minority villagers against a firm owned by Keat Kolney, the sister of Finance Minister Keat Chhon, regarding a land dispute that has now dragged on for more than five ...
Bearing Gifts, Chinese Heads Visit Hun Sen
A delegation of Chinese officials yesterday donated two airplanes and signed an agreement to provide Cambodia with loans for a new hydropower dam in Battambang and the renovation of two national roads. The deals were made during a meeting in Phnom Penh between He Guoqiang, a ...
Sihanoukville Port plans to list on stock exchange in July
While the Phnom Penh Water Supply Authority’s (PPWSA) share price continued to fall yesterday, a second state firm came a step closer to joining it on Cambodia’s nascent stock exchange by announcing plans to register by the end of July. At a ceremony marking the first ...
Kingdom’s consumers told to save gas
Economy and Finance Minister Keat Chhon yesterday urged consumers to limit their gasoline consumption in the face of rising prices, saying the Cambodian government would not boost the hundreds of millions of dollars he claimed it already offered in fuel subsidies. Speaking at the Ministry of ...
Minister directs mock trading; launch unclear
Finance Minister Keat Chhon joined officials of the Cambodia Securities Exchange (CSX) yesterday to conduct another day of mock trading of stocks ahead of the still-unknown launch of actual operations at the bourse, which opened in July but has yet to see a single stock ...
France wants closer economic ties to Cambodia
On a night when some of France’s finest wines were consumed by some of Cambodia’s most senior officials, the message was clear: France wants to strengthen its economic ties with Cambodia. On Wednesday night, the French-Cambodian Chamber of Commerce (CCFC) put on a lavish display of ...
'Disappointed' donors still await government meeting
Government Palace, the imposing gray headquarters of the Cambodia Development Council next to Wat Phnom, should be buzzing this morning with the country’s top foreign diplomats and government officials discussing aid and reform. Instead, with the government’s decision to indefinitely postpone this year’s Cambodian Development Cooperation ...
Tariffs on rice slashed to help fuel exports
As part of a continuing push to bolster rice exports, the government has agreed to waive all export tariffs on milled rice and will also eliminate value-added tax (VAT) on paddy rice purchased domestically. According to a promulgation signed last month by Finance Minister Keat Chhon, ...
ADB can't confirm authenticity of letter
The Asian Development Bank yesterday said it had never authenticated a June 17 letter from Finance Minister Keat Chhon that claimed an ADB consultant urged the government to target advocacy groups critical of an ADB-funded railway project. In a copy of the letter obtained earlier this ...
Officials mum on 'advocacy' NGO missive
Top government officials yesterday either declined to comment or said they had no knowledge of a letter from Finance Minister Keat Chhon to Prime Minister Hun Sen proposing to bar all foreign NGOs from “advocacy” work in the country, as well as stopping foreigners from ...
Letter reveals minister's ire with NGOs
Prime Minister Hun Sen received a proposal from Finance Minister Keat Chhon in June seeking to bar “foreign NGOs” from advocacy work in Cambodia, as well as preventing foreigners from working with local advocacy groups because of activism around the rehabilitation of the nation’s railway, ...
Phnom Penh Port to list on bourse by 2013
Phnom Penh Autonomous Port plans to join three other state-owned enterprises in listing on the recently launched Cambodian Securities Exchange, an official said yesterday Hei Bavy, the port’s director general, said that Finance Minister Keat Chhon has spoken to officials at the port, expressing his interest ...
Stock Exchange Launches, Waits for Customers
The Cambodian Stock Exchange in Phnom Penh was launched by Finance Minister Keat Chhon, who has called on state-owned corporations to prepare for their initial public offerings. No companies as of yet are listed on the Cambodian Securities Exchange (CSX), though the launch was symbolic ...