News

Chinese bring sight to Kampong Cham

A team of more than 30 doctors and nurses from Hainan province in China have spent the last four days at Kampong Cham provincial hospital removing cataracts from low-income patients. Kang Baiying, a team member and a Hainan provincial official, said her team had been on ...

Ros Chanveasna
http://www.khmertimeskh.com/news/29329/chinese-bring-sight-to-k-cham/

Junket investor’s profit falls but sticking to its Cambodia bets

Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...

Cam McGrath
http://www.phnompenhpost.com/business/junket-investors-profit-falls-sticking-its-cambodia-bets

Oil, gas production not expected before 2018

Cambodia’s oil and gas reserves will not see any production until at least 2018, according to a report by London-based BMI. ...

Post Staff
http://www.phnompenhpost.com/business/oil-gas-production-not-expected-2018

Health Ministry taking measures to counter Zika

The Ministry of Health is taking precautionary measures to prevent the transmission of Zika and is asking the public to do the same, as the virus has emerged in other Southeast Asian countries and could make a comeback in the Kingdom. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/health-ministry-taking-measures-counter-zika

Light railway raised yet again at JICA meet

Plans for a light railway system in Phnom Penh were discussed at a meeting between Public Works and Transportation Minister Sun Chanthol and Japanese International Cooperation Agency (JICA) regional director-general Yasushi Tanaka on Friday. ...

Jack Davies and Phak Seangly
http://www.phnompenhpost.com/national/light-railway-raised-yet-again-jica-meet

NEC registers 500k voters in first four days

The National Election Committee claims to have signed up more than half a million people in its first four days of voter registration. The registration period, which began on Thursday and ends on December 1, requires more than 100,000 Cambodian citizens to be registered each day. ...

Bun Sengkong
http://www.phnompenhpost.com/national/nec-registers-500k-voters-first-four-days

Credit growth starts to cool off

New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less demand from the ...

Kali Kotoski
http://www.phnompenhpost.com/business/credit-growth-starts-cool

Hun Sen hopes days of post-election protests are finished

The three-month voter registration period opened on Thursday, with Prime Minister Hun Sen telling reporters after enrolling at his local commune office that he hopes the new voter registry will put an end to post-election protests. After the July 2013 national election, the CNRP refused to ...

Khuon Narim and Alex Willemyns
https://www.cambodiadaily.com/news/hun-sen-hopes-days-post-election-protests-finished-117491/

Canadian bank soars after ABA investment

National Bank of Canada attributed its 5.5 per cent jump in fiscal third-quarter profit to its acquisition of Cambodia’s Advanced Bank of Asia Ltd. (ABA Bank) earlier this year. ...

Post Staff
http://www.phnompenhpost.com/business/canadian-bank-soars-after-aba-investment

Vietnamese families leave the Tonle Sap

Ethnic Vietnamese residents of Tonle Sap Lake are continuing to head back to Vietnam in droves due to overbearing and costly rules being strictly enforced by local authorities, robbing many of them of the only homeland they have ever known. Minority Rights Organization (MIRO) official Seorn ...

May Titthara
http://www.khmertimeskh.com/news/29279/vietnamese--families-leave-the-tonle-sap/

PM puts Comfrel on notice

Prime Minister Hun Sen yesterday threatened legal action against anyone who touted claims of irregularities in the voter lists during the 2013 election, telling reporters yesterday that if this year’s round of voter registration finishes and the final tally of voters compiled is similar to ...

Taing Vida
http://www.khmertimeskh.com/news/29280/pm-puts-comfrel-on-notice/

Indian mining firm prepares to dig deep in Ratanakiri

The Ministry of Mines and Energy is set to issue the country’s first commercial underground mining license to Indian company Mesco Gold in two weeks, despite opposition by residents of two villages concerned about compensation and environmental damage. The company plans to break ground on its ...

Aisha Down and Kang Sothear
https://www.cambodiadaily.com/news/indian-mining-firm-prepares-dig-deep-ratanakkiri-117474/

Rice paddy bank short of funds

Two years since the opening of Cambodia’s first large-scale rice paddy bank, the private sector company behind the project is seeking additional capital to carry it through the next five years. Thaneakea Srov (Kampuchea) Plc launched services in late August 2014 with its sprawling facility in ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-paddy-bank-short-funds

Labour Minister seeks strike-free minimum wage talks

Labour Minister Ith Samheng yesterday told stakeholders involved in the upcoming minimum wage negotiations to base their demands on the country’s economic situation, and not to try to influence the process through protests or demonstrations. Talks over the 2017 minimum wage for the garment sector are ...

Sen David
http://www.phnompenhpost.com/national/labour-minister-seeks-strike-free-minimum-wage-talks

Key to cracking Thai consumer market: unique products

Cambodia should seek to enlarge its market share of the Thai consumer market by focusing on the export of unique items, a visiting Thai trade promoter said during a workshop in Phnom Penh yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/key-cracking-thai-consumer-market-unique-products

Minister discusses regional EU trade deal

Minister of Commerce Pan Sorasak held a meeting with representatives of the European Union this week to discuss the formulation of a new trade program to be supported by the EU, the Ministry of Commerce announced yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/minister-discusses-regional-eu-trade-deal

Ethnic minority forest being gutted: activists

Half of a Kuoy ethnic community forest in Stung Treng province – for which villagers are seeking official recognition – has been logged in the past three years for private commercial gain, according to recently returned environmental activist twins Chum Hout and Chum Hour. Seven ...

Phak Seangly
http://www.phnompenhpost.com/national/ethnic-minority-forest-being-gutted-activists

Direct Japan fights start

Landing at 3:10pm yesterday, the All Nippon Airways (ANA) Boeing 787-8 marked the first direct flight between Tokyo and Phnom Penh in seven years. The daily service will make for a much shorter – and hassle free – journey, and boost business and tourism, officials said ...

Sum Manet
http://www.khmertimeskh.com/news/29258/direct-japan-flights-start/

Banks covering their assets

Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. ...

Kali Kotoski
http://www.phnompenhpost.com/business/banks-covering-their-assets

Flag of convenience scheme retired

The days of cocaine smuggling, illegal fishing and human trafficking using ships bearing the Cambodian flag appear to have come to an end as government officials claim that, as of today, all foreign-owned ships operating through Cambodia’s “flag of convenience” scheme must be stripped of ...

Kali Kotoski
http://www.phnompenhpost.com/business/flag-convenience-scheme-retired

Poverty causes trafficking to China, says report

A report published last week by the UN Action for Cooperation Against Trafficking in Persons (UN-ACT) says the main cause of human trafficking from Cambodia to China was a lack of jobs and low wages, forcing many young women to look at opportunities abroad. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/29214/poverty-causes-trafficking-to-china--says-report/

Foreign Minister, US ambassador discuss coming meets

Minister of Foreign Affairs Prak Sokhon on Tuesday met with US Ambassador William Heidt to discuss a pair of upcoming meetings of mutual interest: the ASEAN Summit and the East Asia Summit (EAS). The events will be held in Laos on September 3-8, and will ...

Cristina Maza
http://www.phnompenhpost.com/national/foreign-minister-us-ambassador-discuss-coming-meets

FDI inflow seen as driving economic development

A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said yesterday. Total capital inflow of foreign direct investment (FDI) to Cambodia amounted to ...

Hor Kimsay
http://www.phnompenhpost.com/business/fdi-inflow-seen-driving-economic-development

Task of creating voter list kicks off

A crucial time-saving function of the new digital voter registration system may not have been taught to the more than 2,000 computer operators who today will begin the task of registering Cambodia’s nearly 10 million eligible voters, it has emerged. After months of preparation, and several ...

Bun Sengkong, Shaun Turton and Daniel Nass
http://www.phnompenhpost.com/national/task-creating-voter-list-kicks

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