News

City hall officials to go on trial over graft claims

Two City Hall officials were on Wednesday arrested on corruption charges after evidence was uncovered leading to allegations that they had misappropriated public funds. ...

Ith Sothoeuth
http://www.voacambodia.com/a/two-phnom-penh-municipality-officials-were-charged-over-corruption/3751585.html

Cambodians see major drops in corruption levels: Transparency International

The Global Corruption Barometer, which was compiled from interviews with more than 1,000 Cambodians, showed overall decreases in the direct experiences of corruption in the judiciary since 2011, down from 72 percent to 59 percent in 2016. ...

Hul Reaksmey
http://www.voacambodia.com/a/ti-says-only-petty-corruption-decrease/3751603.html

Potatoes to take root

Cambodia’s eastern Mondulkiri province will become the country’s first hub for potato growing after a successful pilot project, researchers say.   ...

Sok Chan
http://www.khmertimeskh.com/news/36153/potatoes-to-take-root/

Prosecutor defends denial of bail for four Adhoc workers

The Phnom Penh Municipal Court’s decision to keep four officials from rights group Adhoc imprisoned while the court investigates their case was right “according to the law,” a Supreme Court official said on Monday during an appeal hearing. ...

Sek Odom
https://www.cambodiadaily.com/news/prosecutor-defends-denial-of-bail-for-four-adhoc-workers-126208/

Over 88,000 candidates register for upcoming commune elections

More than 88,000 candidates will be vying for the 11,572 seats up for grabs in the June 4 commune elections, the National Election Committee (NEC) announced on Monday, following a three-day registration window that closed on Sunday. ...

Ouch Sony and Ben Sokhean
https://www.cambodiadaily.com/news/over-88000-candidates-register-for-upcoming-commune-elections-126195/

China asked to fund bridges

Cambodia yesterday asked China to help fund the construction of two bridges across the Mekong River, which it said would cut traffic congestion in Phnom Penh and help create a ring road around the city.   ...

Ros Chanveasna
http://www.khmertimeskh.com/news/36169/china-asked-to-fund-bridges/

Moody’s maintains sovereign debt rating

Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position. ...

Hor Kimsay
http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating

Court plans to probe Mondulkiri logging claims

The Mondulkiri Provincial Court is preparing to investigate accusations that Cambodian border officials last month knowingly allowed seven Vietnamese loggers to illegally fell trees in the Keo Seima Wildlife Sanctuary, a court official said yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/court-plans-probe-mondulkiri-logging-claims

Fight against corruption

The World Bank is to train police, prosecutors and court staff on how to combat money laundering and financial terrorism under a national scheme to fight corruption. ...

Sok Chan
http://www.khmertimeskh.com/news/36155/fight-against-corruption/

Brokers trading without licences

The Securities and Exchange Commission of Cambodia (SECC) has made slow progress in reining in unlicensed operations since issuing its first derivatives trading licence nearly a year ago. To date, only six licences have been issued, while at least as many unlicensed firms continue to ...

Kali Kotoski
http://www.phnompenhpost.com/business/brokers-trading-without-licences

Local startup is selected for fintech accelerator program

A Cambodian startup was selected to take part in Startupbootcamp’s three-month fintech accelerator program in Singapore, becoming the second firm from the Kingdom to join the international program in as many years. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-startup-selected-fintech-accelerator-program

New banknotes signal revival of national pride

In his office at the National Bank of Cambodia, Mr. Heng Bomakara recalls the early stages of the nation’s currency with fondness. He still remembers a time when coins were commonplace. First minted in aluminum and then later in steel, these coins are now a ...

Riel Gains
http://www.khmertimeskh.com/news/36156/new-banknotes-signal-revival-of-national-pride/

Campaign for local products

The “Buy Khmer Products” campaign continues this year, in a bid to promote local products among Cambodian people.​Pan Sorasak, Minister of Commerce, said last Friday that the campaign is “a momentum to inspire and awaken Cambodian citizens to acknowledge the value of local products.” ...

Chea Vannak
http://www.khmertimeskh.com/news/36154/campaign-for-local-products/

Minister praises 2013 protest crackdown

The Labor Minister yesterday lauded the government’s crackdown of a garment worker protest back in late 2013 and early 2014, which he claimed was necessary to avoid a war. ...

Mom Kunthear
http://www.khmertimeskh.com/news/36168/minister-praises-2013-protest-crackdown/

Japan to help country go green

Japan has signed a three-year deal to help train government officials on attracting environmentally friendly investment. The Environment Ministry and Japan International Cooperation Agency (JICA) yesterday signed the agreement to educate officials about how to use environmental impact assessments and enforce pollution controls. ...

Pech Sotheary
http://www.khmertimeskh.com/news/36164/japan-to-help-country-go-green/

PM warns NGOs, Rainsy

Prime Minister Hun Sen issued a strong warning yesterday to NGO officials who analyze politics, while also repeating that there will be no amnesty for former opposition president Sam Rainsy. ...

May Titthara
http://www.khmertimeskh.com/news/36172/pm-warns-ngos--rainsy/

Twelve parties register for commune election

Twelve parties had registered for the June commune elections as of Saturday evening – one day before the deadline – with a National Election Committee spokesman yesterday saying no further parties were believed added on the last day. ...

Lay Samean
http://www.phnompenhpost.com/national/twelve-parties-register-commune-election

Dozens of civil society groups sign statement on jailed Adhoc 5

Nearly 80 international and Cambodian civil society groups have signed a joint statement urging the government to halt its crackdown on activists and release five current and former senior officials of rights group Adhoc who have been awaiting trial since May. ...

Hannah Hawkins
https://www.cambodiadaily.com/news/dozens-of-civil-society-groups-sign-statement-on-jailed-adhoc-5-126137/

Thailand repatriates more than 1,000

A surge in the number of Cambodian migrant workers sent back from Thailand through the Daung International Checkpoint in Battambang province has puzzled authorities.​ ...

Pav Suy
http://www.khmertimeskh.com/news/36129/thailand-repatriates-more-than-1-000/

King away; senate president to sign party law

With King Norodom Sihamoni out of the country, Senate President and CPP stalwart Say Chhum is set to sign off on controversial new changes to the Law on Political Parties, the last step in what some are calling the final, fatal blow to Cambodia’s democracy. ...

Van Roeun and Ben Sokhean
https://www.cambodiadaily.com/news/king-away-senate-president-to-sign-party-law-126142/

Church underpins Cambodia-Vietnam ties

For decades, political and economic upheaval in Southeast Asia separated ethnic Vietnamese communities in the United States from those in Asia, as their lives followed radically divergent trajectories. ...

Cristina Maza
http://www.phnompenhpost.com/national/church-underpins-cambodia-vietnam-ties

Love affair with Thai products

Products from neighboring Thailand are still considered the best for many Cambodian consumers, and this is an incentive for Thai companies to set up branches in the country – taking advantage of the positive investment climate prevailing in the kingdom. ...

Chea Vannak
http://www.khmertimeskh.com/news/36064/love-affair-with-thai-products/

MFI credit firm to push deeper into Cambodia

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last ...

Post Staff
http://www.phnompenhpost.com/business/mfi-credit-firm-push-deeper-cambodia

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