Khmer Times

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/

“Culture of Dialogue” a major achievement, says Hun Sen on CPP’s 64th anniversary

The Cambodian People’s Party has called its “Culture of Dialog” with the Cambodia National Rescue Party a milestone, listing it out prominently in its roster of achievements as the party celebrates its 64th anniversary. ...

Chea Vannak
http://bit.ly/1C0bdXL

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. Undermining these goals is the reality of the rice paddies: labor emigration to Thailand, high costs for ...

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

UN agencies welcome probe into slaying of unionists

The government’s announcement of a new commission to investigate the decade-old murders of members of the Free Trade Union has been welcomed by some and greeted with skepticism by others. On Saturday two UN agencies – the International Labor Organization and the Office of the High ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/12692/un-agencies-welcome-probe-into-slaying-of-unionists/

Gov’t: Montagnards not welcome

The government will not accept more Montagnard asylum seekers from Vietnam because it lacks the resources to do so and does not want to provoke Hanoi, Council of Ministers’ Phay Siphan told Khmer Times yesterday. ...

Donald Lee
http://www.khmertimeskh.com/news/12696/gov---t--montagnards-not-welcome/

“Culture of Dialog” a major achievement, says Hun Sen on CPP's 64th anniversary

The Cambodian People’s Party has called its “Culture of Dialog” with the Cambodia National Rescue Party a milestone, listing it out prominently in its roster of achievements as the party celebrates its 64th anniversary. ...

Chea Vannak
http://www.khmertimeskh.com/news/12697/---culture-of-dialog----a-major-achievement--says-hun-sen-on-cpp---s-64th-anniversary/

Cambodian PM to attend Mekong-Japan Summit in Tokyo

Cambodian Prime Minister Hun Sen will lead a high delegation to attend the 7th Mekong-Japan Summit, to be held from July 2 to 6 in Tokyo, Japan, said a press statement from the Ministry of Foreign Affairs today. ...

Khmer Times News Staff
http://www.khmertimeskh.com/news/12652/cambodian-pm-to-attend-mekong-japan-summit-in-tokyo/

Sihanoukville international airport prepares for take off

Long overlooked, Cambodia’s third international airport is undergoing a major upgrade, big enough to firmly place it on Southeast Asia’s tourism map. By the end of next year, it is be ready to handle 10,000 air passengers a week. ...

Jack Laurenson
http://www.khmertimeskh.com/news/12592/sihanoukville-international-airport-prepares-for-take-off/

Chinese, Cambodian senior officials meet to further enhance bilateral ties

Han Qide, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, met with Cambodian Deputy Prime Minister and Cabinet Minister Sok An here on Thursday to discuss ways to further enhance ties and cooperation for the interests of the two countries ...

Khmer Times News Staff
http://www.khmertimeskh.com/news/12631/chinese--cambodian-senior-officials-meet-to-further-enhance-bilateral-ties/

HRW: gov’t failing refugee convention obligations for Montagnards

Human Rights Watch (HRW) has released a report on the continuous persecution of Montagnards in Vietnam, condemning the Cambodian government for denying asylum to those fleeing into the Kingdom. ...

Donald Lee
http://www.khmertimeskh.com/news/12626/hrw--gov---t-failing-refugee-convention-obligations-for-montagnards/

Record year for arbitral cases

The independent dispute resolution body established to help workers and employers in Cambodia resolve labor disputes had its busiest year ever in 2014. ...

Cam McGrath
http://www.khmertimeskh.com/news/12605/record-year-for-arbitral-cases/

Anti-corruption card debuts

On Wednesday, Transparency International Cambodia officially launched its Anti-Corruption Card, a tool it plans to use to raise awareness in the fight against corruption nationwide. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/12604/anti-corruption-card-debuts/

Departing EU ambassador ‘optimistic’ on democracy

During Cambodia’s political roller coaster of recent years, European Ambassador Jean-Francois Cautain emerged as a consistent and powerful voice for democracy. ...

James Brooke
http://www.khmertimeskh.com/news/12607/departing-eu-ambassador----optimistic----on-democracy/

Coder challenges male dominance in IT

Suy Channe, at 34 years of age, is becoming a familiar face in Cambodia’s IT sector as a female coder and regional leader at Innovation Lab SEA (InSTEDD). ...

Nou Sotheavy
http://www.khmertimeskh.com/news/12588/coder-challenges-male-dominance-in-it/

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