News
Storms damage nearly 60 homes
Nearly 60 homes in Battambang and Pailin provinces were damaged by storms on Monday caused by unseasonal rain, however no injuries or deaths were reported. A disaster management committee report said that in 2016, there were 279 storms that completely destroyed 1,997 houses and tore ...
Pech Sotheary
http://www.khmertimeskh.com/news/36467/storms-damage-nearly-60-homes/
Kheng queries Sokha’s validity
Interior Minister Sar Kheng yesterday, after becoming the latest ruling party official to weigh in on the CNRP’s embattled campaign slogan, went on to question the validity of the recent extraordinary congress that elevated Kem Sokha to party president.At the inauguration of a new road ...
Meas Sokchea and Ananth Baliga
http://www.phnompenhpost.com/national/kheng-queries-sokhas-validity
Feed mill to take bite out of growing import demand
Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/feed-mill-take-bite-out-growing-import-demand
Forest patrollers accuse authorities of collusion
Prey Lang Community Network conservation activists in Kratie province have accused local officials of colluding with illegal timber transporters after authorities allegedly declined to intervene after being tipped off on Sunday to stockpiles of logs thought to have been felled within a wildlife sanctuary.Ek Sovanna, ...
Phak Seangly
http://www.phnompenhpost.com/national/forest-patrollers-accuse-authorities-collusion
Casino tax revenue rises
The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...
May Kunmakara
http://www.khmertimeskh.com/news/36411/casino-tax-revenue-rises/
Efforts to formalise SMEs fall short
The Cambodian government has made negligible progress in bringing small- and medium-size enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent increase in the total number of companies registered in the last five years – a sign business professionals claim shows that ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/efforts-formalise-smes-fall-short
Japan wades in on Tonle Sap algae
The Japan International Cooperation Agency has agreed to oversee a project to help recover water quality in the Tonle Sap lake in response to the appearance of a large bloom of algae. ...
Pav Suy
http://www.khmertimeskh.com/news/36423/japan-wades-in--on-tonle-sap-algae/
Central bank sets interest rate ceiling, sparking fears
The National Bank of Cambodia announced on Monday that it would set an annual interest rate ceiling of 18 percent for all microfinance institutions (MFIs), sparking concerns that lenders would stop offering smaller loans that often keep the most financially vulnerable afloat. ...
Hang Sokunthea
https://www.cambodiadaily.com/news/central-bank-sets-interest-rate-ceiling-sparking-fears-126483/
Old US bombs revive dispute over $500m war-era debt
The head of Cambodia’s largest demining operator cited Monday’s disposal of a pair of decades-old American bombs as part of the government’s mounting efforts to shame the U.S. into canceling the country’s ballooning war-era debt, which now stands at about $500 million. ...
Phan Soumy
https://www.cambodiadaily.com/news/old-us-bombs-revive-dispute-over-500m-war-era-debt-126478/
Developing society and infrastructure
Two images on the back of the 500 riel banknote depict bridges, with the one on the left showing the Kingdom’s longest and most modern bridge, the Tsubasa (“Bird’s Wing”) Bridge linking Kandal and Prey Veng provinces. ...
Riel Gains
http://www.khmertimeskh.com/news/36412/developing-society--and-infrastructure/
Top court upholds decision to deny bail for Adhoc officials
Four senior officials for rights group Adhoc will remain behind bars after the Supreme Court on Monday upheld the Court of Appeal’s ruling that they should be held in detention while awaiting trial, but gave no reason for the decision. ...
Families want road expansion scaled back
About 40 families asked the government last week to review road expansion plans at Phnom Penh’s Prek Pnov Bridge, saying the proposed dimensions would force them to lose property and even parts of their homes. ...
Sen David
http://www.phnompenhpost.com/national/families-want-road-expansion-scaled-back
Employers seek delay in garment pay reform
Plans to pay garment workers twice a month will be difficult for employers to implement, industry representatives have warned. The Labor Ministry is amending laws so companies will be required to pay staff twice a month, in a bid to protect workers from being abandoned by ...
Mom Kunthear
http://www.khmertimeskh.com/news/36429/employers-seek-delay-in-garment--pay-reform/
Civil servants told: no helmet, penalties apply
Civil servants and factory workers will be required to wear helmets when riding their motorbikes to work under a government plan to stem traffic fatalities. ...
Mom Kunthear
http://www.khmertimeskh.com/news/36427/civil-servants-told--no-helmet--penalties-apply/
Pensions rise in the pipeline
Retired civil servants and military veterans are to get a pension rise next month, along with the same 50,000 riel Khmer New Year allowance as serving civil servants and armed forces members. ...
Pech Sotheary
http://www.khmertimeskh.com/news/36381/pensions-rise-in-the-pipeline/
Angkor Gold approves mining payout scheme
Cambodian mining firm Angkor Gold has agreed to accept payment by instalment on Mesco Gold’s final tranche for the purchase of its Phum Syarung gold mine in northeastern Cambodia, the company said in press release. ...
Post Staff
http://www.phnompenhpost.com/business/angkor-gold-approves-mining-payout-scheme
Mental health center under construction for Prey Speu detainees
Officials broke ground on Saturday on a new mental health center in Kandal province that will house detainees from the notorious Prey Speu detention center in Phnom Penh, among others, government and city officials said on Sunday. ...
Pay protest amid fears owners skipped town
More than 600 workers from the capital’s Bodykids Fashion Wear factory protested on Friday and Saturday after management failed to pay them their February wages. ...
Sen David
http://www.phnompenhpost.com/national/pay-protest-amid-fears-owners-skipped-town
TB diagnoses lag: study
A lack of diagnostic equipment in Cambodia is causing cases of tuberculosis to be both over- and under-reported in children, a new study finds. ...
Erin Handley
http://www.phnompenhpost.com/national/tb-diagnoses-lag-study
PM offers Myanmar a ‘win-win’
During the inauguration of a pagoda in Prey Veng on Friday, Prime Minister Hun Sen announced he will send several advisers to Myanmar to share lessons from his “Win-Win” policy, which he credits with ending Cambodia’s civil war. ...
Touch Sokha and Cristina Maza
http://www.phnompenhpost.com/national/pm-offers-myanmar-win-win
Investment fund suggested for Cambodia
Industrial insiders and experts on the Kingdom’s nascent stock market have suggested the government set up a fund as an investment vehicle designed to broaden the local public investor base, based on The Thai Fund (TTF). ...
May Kunmakara
http://www.khmertimeskh.com/news/36361/investment-fund-suggested-for-cambodia/
Students call for wider selection of books
A quarter of Cambodian students want more access to books and other reading materials, a study by World Vision revealed yesterday. Of the 4,000 students surveyed by the global NGO, 25 percent said they sought “more amount and variety” of books, while 12 percent wanted “better ...
Khmer Times Staff
http://www.khmertimeskh.com/news/36374/students-call-for-wider-selection-of--books/
Sathapana Bank proceeds with logo change
Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a bank executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-proceeds-logo-change
Cambodia is ‘handicapped’ by dollarization
Cambodia is handicapped by the dollarization of its economy in three ways, according to Kith Sovannarith, Deputy Director General of Banking Supervision at the National Bank of Cambodia. ...
Riel Gains
http://www.khmertimeskh.com/news/36365/cambodia-is----handicapped----by-dollarization/