News

Loans trickle out to rice millers

Three weeks since Prime Minister Hun Sen approved $27 million in emergency loans to prop up the struggling rice sector, the state-owned bank charged with disbursing the funds said yesterday that it has only granted $1 million in loans, claiming that the number of eligible ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/loans-trickle-out-rice-millers

Fair aims to firm up trade with Vietnam

A five-day trade fair for Vietnamese products kicked off on Koh Pich in Phnom Penh yesterday, coming on the heels of recent government figures that show declines in bilateral trade and investment between Cambodia and Vietnam. ...

Hor Kimsay
http://www.phnompenhpost.com/business/fair-aims-firm-trade-vietnam

Opposition ends boycott of national assembly

The CNRP said on Thursday it would end its monthslong boycott of the National Assembly by joining today’s session, despite no signs of the “comprehensive solution to the current political crisis” it had sought as a condition for its return. After days of publicly equivocating about ...

Khy Sovuthy
https://www.cambodiadaily.com/news/opposition-ends-boycott-national-assembly-118979/

Cambodians stopped at Thai border

Police patrolling the Thai border yesterday stopped close to 160 Cambodians who were attempting to illegally cross into Thailand from Banteay Meanchey province to work. Chan Mab, the police chief in O’bey Chorn district, told Khmer Times that his men were tipped off that 157 Cambodians ...

Mom Kunthear
http://www.khmertimeskh.com/news/30520/cambodians-stopped-at-thai-border/

PM: we can govern alone

Although many jailed political opponents and civil society workers may disagree, Prime Minister Hun Sen yesterday said he has “mercy, compassion, and sympathy” for those who oppose him, telling a crowd of students that the political situation was up to interpretation: those who believe there ...

Taing Vida
http://www.khmertimeskh.com/news/30519/pm--we-can-govern-alone/

Gov’t: China, Vietnam helping in timber fight

Environment Minister Say Samal, known for his outlandish and at times false claims about illegal logging and deforestation in the Kingdom, said yesterday that his ministry was collaborating with officials in Vietnam and China – two of the largest buyers of precious Cambodian wood – ...

May Titthara
http://www.khmertimeskh.com/news/30518/gov---t--china--vietnam-helping-in-timber-fight/

Xi’s visit to boost farm exports

Chinese President Xi Jinping’s visit to Cambodia next week will likely lead to an increase in agriculture exports to China, Prime Minister Hun Sen said yesterday.​ Speaking at a graduation ceremony for law and economics students in Phnom Penh yesterday morning, Mr. Hun Sen said that ...

Chea Vannak
http://www.khmertimeskh.com/news/30521/xi---s-visit-to-boost-farm-exports/

Gov’t scoops up more mining revenue

In the first eight months of the year the Ministry of Mines and Energy has already surpassed its annual target for non-tax revenue collection from sand dredging and construction material-related mining operations, collecting 117 percent of the $6.6 million outlined in the 2016 national budget, ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/govt-scoops-more-mining-revenue

Sokha leaves CNRP HQ to register, raising hopes of thaw

After four months hiding inside CNRP headquarters to avoid arrest, deputy opposition leader Kem Sokha briefly emerged from his sanctuary yesterday to register to vote, telling supporters he believed months of rising political tensions were starting to dissipate. ...

Mech Dara and Alex Willemyns
http://www.phnompenhpost.com/national/sokha-leaves-cnrp-hq-register-raising-hopes-thaw

Teachers demand higher wages

The Cambodian Independent Teacher Association (CITA), along with about 100 teachers from various provinces, gathered at Freedom Park in Phnom Penh yesterday to mark International Teachers’ Day and demanded the government further increase their minimum wage to at least $370, not including additional bonuses. CITA acting ...

Pech Sotheary
http://www.khmertimeskh.com/news/30460/teachers-demand-higher-wages/

Heavy rains to continue

Five days of heavy rain flooded rice fields in Prey Veng and Svay Rieng provinces and some residential areas around Phnom Penh, causing capital residents to question when the city’s long-in-the-works sewage upgrade will finally be completed. More rainfall is expected to flood the country’s northern ...

Khouth Sophak Chakrya and Cristina Maza
http://www.phnompenhpost.com/national/heavy-rains-continue

Banking liquidity tool moves to weekly issuance

Cambodia’s central bank yesterday launched a weekly issuance of Negotiable Certificate of Deposits (NCD) with selling scheduled for every Wednesday – a move aimed at developing the interbank lending market by promoting a secondary market for the short-term interest-bearing certificates. ...

Hor Kimsay
http://www.phnompenhpost.com/business/banking-liquidity-tool-moves-weekly-issuance

Approved foreign investment drops 43%

The value of foreign investments approved by the government in the first half of this year has dropped more than 43 percent, according to the Council for the Development of Cambodia (CDC), with experts laying the blame on global and regional economic slowdowns. ...

May Kunmakara
http://www.khmertimeskh.com/news/30443/approved-foreign-investment-drops-43-/

Nearly 600 repatriated in nine months

In the first nine months of the year, the Ministry of Foreign Affairs and Cambodian embassies abroad have helped nearly 600 Cambodians who went to live and work abroad, legally or illegally, to return home. Foreign Ministry spokesman Chum Sounry said yesterday that the ministry and ...

Mom Kunthear
http://www.khmertimeskh.com/news/30461/nearly-600-repatriated-in-nine-months/

Massive security deployment planned for president Xi’s visit to Cambodia

A mixed force of 7,000 military and security personnel will be deployed to protect Chinese President Xi Jinping when he visits Cambodia later this month for his first visit since coming to power, a police spokesman said on Wednesday. ...

Khuon Narim
https://www.cambodiadaily.com/news/massive-security-deployment-planned-president-xis-visit-cambodia-118902/

Sugar plantation caught again with illegal wood

Authorities in Kompong Speu province on Wednesday seized more than 1,000 logs on the property of a Chinese-owned sugarcane plantation, marking the third time the firm has been found with illicit timber in the past year. Local officials offered no explanation for why the plantation’s on-site ...

Aun Pheap
https://www.cambodiadaily.com/news/sugar-plantation-caught-illegal-wood-118908/

ADB to muscle up its lending with pledge of $1B

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

Kali Kotoski
http://www.phnompenhpost.com/business/adb-muscle-its-lending-pledge-1b

World Bank projects​ 7% Cambodian growth rate

The World Bank has projected the Kingdom’s economic growth will reach seven percent this year, slightly up from its 6.9 percent projection in April, due to solid garment exports and a resilient construction sector. The World Bank’s “Cambodia Economic Update October 2016” highlighted solid garment export ...

Sok Chan
http://www.khmertimeskh.com/news/30444/world-bank-projects----7--cambodian-growth-rate/

Government considers delay of business registration

Fewer than half of Cambodia’s 42,000 registered businesses have met the government’s deadline for reregistering online, prompting the Ministry of Commerce to consider another extension, a spokeswoman said on Tuesday.​ ...

Kang Sothear
https://www.cambodiadaily.com/business/government-considers-delay-business-registration-118856/

Voter registrations hit peak on final day of Pchum Ben

A surge in voter registrations over the Pchum Ben holiday weekend pushed totals above 40 percent of eligible voters with just under two months to go before the deadline for next year’s commune elections, the National Elections Committee (NEC) said on Tuesday. .. ...

Kuch Naren
https://www.cambodiadaily.com/news/voter-registrations-hit-peak-final-day-pchum-ben-118853/

UN agency to assist with human rights

The Cambodian Human Rights Committee (CHRC) yesterday asked the United Nations High Commissioner for Human Rights in Cambodia for help in writing reports and educating law enforcement officials. ...

Ven Rathavong
http://www.khmertimeskh.com/news/30398/un-agency-to-assist-with-human-rights/

CRF wants to track rice loans

The Cambodia Rice Federation (CRF) has submitted a proposal to the government for the setting up of a joint executive financial committee to ensure that the $27 million emergency loan to rice millers to purchase paddy rice from farmers, in a bid to prevent rice ...

Sok Chan
http://www.khmertimeskh.com/news/30381/crf-wants-to-track-rice-loans/

Opposition wobbles toward end of boycott

The opposition on Tuesday appeared to wobble toward an end to its almost five-month boycott of the National Assembly, despite having seemingly achieved no notable concessions from the ruling party. he CNRP has sat out full National Assembly sessions since May to protest a court ...

Khy Sovuthy
https://www.cambodiadaily.com/news/opposition-wobbles-toward-end-boycott-118836/

US still urging Cambodia to broaden and clarify union law

The U.S. is continuing to urge the government to change and clarify key parts of a controversial trade union law that took effect in April, including an amendment to cover civil servants, the U.S.’s international labor affairs representative said on Tuesday. ...

Zsombor Peter
https://www.cambodiadaily.com/news/us%E2%80%88still-urging-cambodia-broaden-clarify-union-law-118851/

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