Khmer Times
NBC moves to strengthen banks’ liquidity
The National Bank of Cambodia (NBC) is requiring financial institutions to gradually phase in a higher liquidity coverage ratio (LCR) to ensure sustainable growth in the industry and avoid crises. ...
May Kunmakara
http://www.khmertimeskh.com/news/19748/nbc-moves-to-strengthen-banks----liquidity/
Psychologist profession remains short: experts warn
According to psycologists working in Cambodia, their lack of peers withing the country is a problem that needs to be addressed. The experts believe that to further develop the country, psychology services should be integrated into many of the key sectors including health, social work, ...
Va Sonyka
http://www.khmertimeskh.com/news/19823/psychologist-profession-remains-short--experts-warn/
Master plan for coastal revival nearing approval
The draft Coastal Master Plan is likely to get approval from the Ministry of Tourism and other ministries in the middle of this year, while Otres Beach has been selected by the ministry as the template ensuring bays and beaches are environmentally friendly in order ...
Sok Chan
http://www.khmertimeskh.com/news/19667/master-plan-for-coastal-revival-nearing-approval/
Drug crimes double in Cambodia last year
The number of drug cases and people arrested for drug crimes in Cambodia in 2015 more than doubled year-on-year, while the volume of drugs seized shot up 18- fold, local media reported on Friday. ...
Xinhua team
http://www.khmertimeskh.com/news/19628/drug-crimes-double-in-cambodia-last-year/
Slowing China to impact Cambodia, region: WB
Cambodia’s economy is expected to grow at 6.9 percent this year, the same rate it expanded last year, due to slowing growth in leading economies in region, especially China, Asia’s largest and the world’s second-largest economy, according to the World Bank. ...
May Kunmakara
http://www.khmertimeskh.com/news/19591/slowing-china-to-impact-cambodia--region--wb/
‘World’s largest’ sugarcane factory to open in Preah Vihear next month
A $300 million sugarcane processing factory will begin producing sugar in Preah Vihear province next month and it is being described as the world’s largest such factory, according to reports in local media. ...
Sino plaza marks first step abroad for CCSCE
China State Construction Engineering’s plan to spend $240 million to construct a four-building project called Sino Plaza as part of its strategy to move into rapidly growing Southeast Asia, realtors said. ...
Sum Mane
http://www.khmertimeskh.com/news/19592/sino-plaza-marks-first-step-abroad-for-ccsce/
Gov’t preparing to eliminate import duties for ASEAN products
The government is planning to gradually reduce tariffs on most goods imported from other ASEAN member states to zero, putting Cambodia ahead of what is required of it under the ASEAN Trade in Goods Agreement (ATIGA), officials said. ...
May Kunmakara
http://www.khmertimeskh.com/news/19589/gov---t-preparing-to-eliminate-import-duties-for-asean-products/
Duty-free shop follows tourism surge on coast
The new duty-free shop opened by China Duty Free Group (CDFG) in Sihanoukville will have a major impact on development of the tourism industry in the coastal resort, a senior provincial official said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/19469/duty-free-shop-follows-tourism-surge-on-coast/
Tonle Sap fish harvest rises, official says
The volume of fish caught to make prahok (fermented fish paste) in the first season on the Tonle Sap Lake and River rose because weather conditions were ideal, but the amount expected for the second season, which begins in February, is likely to be lower ...
Sok Chan
http://www.khmertimeskh.com/news/19468/tonle-sap-fish-harvest-rises--official-says/
Patent tax can now be paid at banks, department says
The General Department of Taxation notified patent owners that they have three months to pay taxes owed on their patents, but they can do so at banks this year for the first time, its director general said yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/19467/patent-tax-can-now-be-paid-at-banks--department-says/
New traffic law hurts the poor, citizens say
The introduction of the new traffic law has hit a few potholes, with some citizens complaining that it is too tough on poor families, while analysts say people in rural areas have been left in the dark about the new law’s requirements. ...
Mom Kunthear and Jonathan Cox
http://www.khmertimeskh.com/news/19443/new-traffic-law-hurts-the-poor--citizens-say/
Commission makes changes in first union draft law meeting
A joint commission of 10 lawmakers from the ruling and opposition parties yesterday met for the first time to review the draft law on trade unions, and two of 21 articles that were flagged as controversial by unions have changed slightly. ...
Taing Vida
http://www.khmertimeskh.com/news/19441/commission-makes-changes-in-first-union-draft-law-meeting/
Bus protesters vow to defy court ban
Phnom Penh Municipal Court has ordered 50 former and current drivers of Capitol Tours Bus Company to cease their protest in front of its office, but the drivers – most of whom were fired last year – said yesterday they will not only ignore the ...
Mom Kunthear
http://www.khmertimeskh.com/news/19442/bus-protesters-vow-to-defy-court-ban/
Newly titled communities hope to protect more than just traditions
After three years of processing, two Phnong villages in northern Kratie province finally received community land titles on Saturday, the first to do so in Kratie province. Currently, there are two more villages with community land titles in Ratanakiri, and seven in Mondulkiri, making eleven ...
Aisha Down
http://www.khmertimeskh.com/news/19402/newly-titled-communities-hope-to-protect-more-than-just-traditions/
Day of reckoning for bad drivers as new traffic law comes into effect
True to its New Years resolution to enforce stricter traffic laws, the government pulled over a total of almost 25,000 drivers in the three days after the law came into effect. Though many drivers were sent off with a warning rather than a fine, the ...
Mom Kunthear and Jonathan Cox
http://www.khmertimeskh.com/news/19404/day-of-reckoning-for-bad-drivers-as-new-traffic-law-comes-into-effect/
Tempers rise as K. Speu factory workers negotiations delayed again
Workers at a Korean-owned factory in Kampong Speu who lost their wages when their employer fled the country will have to wait until after the New Year’s festivities end to seek reparations from the building owner, with the provincial court delaying the meeting until January ...
Gov’t prepares labor court for 2017
Government officials said the country’s Labor Court will be established in early 2017 while relevant officials study the technicalities of the court and get information as well as expertise from similar courts in other countries. Of all potential stakeholders, unions say they are the most ...
Mom Kunthear
http://www.khmertimeskh.com/news/19350/gov---t-preps-labor-court-for-2017/
Dengue cases triple this year
Cambodia has reported 15,015 dengue fever cases in the first 50 weeks of this year, a more than 300 percent rise from the 3,611 cases over the same period last year, according to figures released yesterday. ...
Xinhua team
http://www.khmertimeskh.com/news/19257/dengue-cases-triple-this-year/
Registration of Cambodian workers in Thailand speeds up
Nearly 70,000 Cambodian migrant workers have been registered this year as legal workers in Thailand, according to a report from the Ministry of Foreign Affairs released yesterday. ...
Srey Kumneth
http://www.khmertimeskh.com/news/19217/registration-of-cambodian-workers-in-thailand-speeds-up/
AirAsia emergency landing blamed on ‘bird strike’
Aviation officials say a “bird strike” forced an AirAsia jet that took off from Phnom Penh International Airport yesterday morning at 8:35 am to return for an emergency landing. ...
Taing Vida
http://www.khmertimeskh.com/news/19226/airasia-emergency-landing-blamed-on----bird-strike---/
Tycoon senator opens up on Thai power deal
Cambodia’s electricity generation reached 2.714 billion kilowatt hours last year, of which 1.851 million KWh was generated by hydro dams and 863.02 million KWh by coal-powered plants. Household access to electricity rose 18.8 percent, compared to 2013, according a report from Cambodia’s Electricity Authority. ...
May Kunmakara
http://www.khmertimeskh.com/news/19173/tycoon-senator-opens-up-on-thai-power-deal/
Gov't extends 2 poverty alleviation projects
Two government-run emergency food assistance projects will be extended after evaluations found that they had significant impacts on reducing poverty in 200 communes in eight provinces, although the projects – which received financial support from developmental partners – have been completed, an official said yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/19098/gov-t-extends-2-poverty-alleviation-projects/
Cambodia’s energy rising with new hydro plant: officials
The $540 million Tatay River hydropower plant was inaugurated yesterday in Koh Kong, making it the second hydropower plant in the province after the Russei Chrum Krom River plant opened earlier this year. ...
Sok Chan
http://www.khmertimeskh.com/news/19053/cambodia---s-energy-rising-with-new-hydro-plant--officials/