News
Cambodian Panel Begins to Grapple With Minimum Wage Reforms
Cambodia’s newly established government panel to investigate minimum wage reform held its first meeting Thursday to lay out a strategy for addressing the hot button issue, as union leaders announced plans to protest to back their demand for monthly salary increases for footwear and garment ...
Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/committee-02062014185924.html
Unions argue over wage committee reforms
Meeting for a minimum wage workshop on Tuesday, the country’s independent and government-aligned unions argued over reforms to the Labor Advisory Committee (LAC), the body in charge of setting the minimum wage in the garment sector, which employs some 600,000 workers. The LAC, which is composed ...
Aun Pheap
http://www.cambodiadaily.com/news/unions-argue-over-wage-committee-reforms-51452/
Minimum wage up for ministerial discussion
An interministerial committee led by Deputy Prime Minister Keat Chhon will meet next month to discuss the recent minimum wage increase and subsequent fallout. Ministry of Labour spokesman Heng Sour yesterday told the Post that Prime Minister Hun Sen assigned Chhon to lead the meeting ...
Mom Kunthear
http://www.phnompenhpost.com/national/minimum-wage-ministerial-discussion
Pro-Government Unions Call for Action Against Leaders of Strikes
Unions aligned with Prime Minister Hun Sen’s government issued a statement Wednesday calling on it to “take action” against union leaders who they accuse of inciting workers to hold strikes and violent demonstrations. “We would like to request [CPP Labor Minister] Ith Sam Heng to take ...
Aun Pheap
http://www.cambodiadaily.com/news/pro-government-unions-call-for-action-against-leaders-of-strikes-50970/
Rights groups critical of gov’t investigations
The government announced on Friday it would set up two commissions headed by Interior Minister Sar Kheng to investigate clashes between police and protesters early this month that left at least four dead, more than 20 injured and 23 arrested, a move criticised by rights ...
May Titthara
http://www.phnompenhpost.com/national/rights-groups-critical-gov%E2%80%99t-investigations
Committees to ‘Research’ Minimum Wages, ‘Study’ Killings
Prime Minister Hun Sen on Friday assigned former Finance Minister Keat Chhon as the head of a newly formed committee tasked with researching the government’s capacity to introduce wage increases for civil servants and factory workers. The statement said that Mr. Hun Sen also spoke ...
Kuch Naren
http://www.cambodiadaily.com/news/committees-to-research-minimum-wages-study-killings-50431/
For 2013, trade value to reach $16 billion
The value of Cambodia’s overall trade volume for 2013 is expected to reach $16 billion, according to the former Minister of Economy and Finance, Keat Chhon. The figure comes to a 14.4 per cent rise from last year. ...
Chan Muy Hong
http://www.phnompenhpost.com/business/2013-trade-value-reach-16-billion
IMF Managing Director Christine Lagarde to Visit Cambodia
nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...
Colin Meyn
http://www.cambodiadaily.com/business/imf-managing-director-christine-lagarde-to-visit-cambodia-47940/
Court Charges Official With Corruption Over Pension Scandal
The Kompong Cham Provincial Court on Saturday charged the chief of Srei Santhor district’s social affairs office with corruption following his arrest by the Anti-Corruption Unit (ACU) on Friday for withholding pensions and other bonuses from retired teachers, a court official said Tuesday. Provincial court deputy ...
Kuch Naren
http://www.cambodiadaily.com/news/court-charges-official-with-corruption-over-pension-scandal-47381/
China provides 33 mln USD in free-interest loan to Cambodia for development projects
The Chinese government on Thursday signed up to provide a free-interest loan of 200 million Renminbi (33 million U.S. dollars) to Cambodia for social and economic development projects. The agreement was inked between Chinese Ambassador to Cambodia Bu Jianguo and Cambodian Finance Minister Aun Porn Moniroth ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2013-11/14/c_132888622.htm
China's Exim Bank lends $121m to Cambodia for irrigation, power grid
The Export-Import Bank of China (Exim Bank) on Wednesday signed up to provide a concessional loan of $121 million to Cambodia for irrigation system and power transmission line development. The agreement was inked between Cambodian Finance Minister Aun Porn Moniroth and visiting Chairman of the Exim ...
Global Times News Staff
http://www.globaltimes.cn/content/818151.shtml#.Ul9cuPnTxe8
Hun Sen urges new Finance Minister to eliminate money under the table
Prime Minister Hun Sen on Thursday urged the Ministry of Economy and Finance to eliminate the practice of bribery or greasing the palm to facilitate development projects funded by the Ministry itself or the National Treasury. New Finance Minister, Oun Porn Monirath, successor of Keat Chhon, ...
Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NjQ2NTYwYTA4NTI#sthash.XqY6JrsS.dpuf
Five More Years For Hun Sen; Some Ministers Reshuffled
A day after its opening session and still devoid of the 55 lawmakers-elect of the opposition CNRP, the country’s new, one-party National Assembly voted Prime Minister Hun Sen in for yet another five-year term Tuesday and approved an extensive reshuffle of his Cabinet. In a ...
Hul Reaksmey and Zsombor Peter
http://www.cambodiadaily.com/elections/five-more-years-for-hun-sen-some-ministers-reshuffled-43133/
Senior CPP Officials Agree to Give Up Lawmaker Positions
The National Election Committee (NEC) on Monday said that a host of senior ruling party officials had resigned from their elected posts in Parliament in order to allow lawmakers lower down the party’s rostrum of candidates to be given a seat in the National Assembly. “The ...
Phorn Bopha
http://www.cambodiadaily.com/elections/senior-cpp-officials-agree-to-give-up-lawmaker-positions-41986/
China provides 4 container scanners to Cambodia
The government of China on Monday delivered four units of container scanning machines to Cambodia for using at international border checkpoints. Speaking after the signing ceremony, Keat Chhon said the four container scanning machines, totally costing 13.8 million U.S. dollars, are China’s grant aid to ...
http://news.xinhuanet.com/english/china/2013-08/19/c_132643940.htm
Cambodia very lucrative for investors
Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc
Despite Land Loss, Minorities Back Status Quo
Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...
http://www.cambodiadaily.com/elections/despite-land-loss-minorities-back-status-quo-34786/
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Cambodia collects 470 mln USD in tax in first half of 2013
Cambodia’s General Department of Taxation said Tuesday that it had collected 470 million U.S. dollars of tax in the first six months of this year, up 21 percent compared with the same period last year. The country earned the tax of 740 million U.S. dollars ...
http://news.xinhuanet.com/english/world/2013-07/09/c_132525765.htm
Hun Sen Mocks Opposition Request for Donors to Freeze Aid
Prime Minister Hun Sen on Saturday rebuked the opposition for urging foreign donors to refrain from signing any new agreements with the government until after the election and boasted of a new $26 million handed over last week by the European Union (E.U.) E.U. Ambassador ...
http://www.cambodiadaily.com/news/hun-sen-mocks-opposition-request-for-donors-to-freeze-aid-31547/
Japan signs a $90m loan deal to improve highway
After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5. The construction is scheduled to start in June 2015 and will be ...
Cambodian PM to visit Macau in September
Cambodian Prime Minister Hun Sen will visit Macau in September to participate in the Second Global Tourism Economy Forum. Prime Minister Hun Sen called for more investment in the country by Chinese and Macau entrepreneurs, and direct flights between Cambodia and Macau. According to Xinhua, the ...
http://www.macaudailytimes.com.mo/macau/43622-cambodian-pm-to-visit-macau-in-september.html
China's aid vital to Cambodia: finance minister
China’s assistance to Cambodia is very important for the country’s economic and social development, Cambodian Deputy Prime Minister and Finance Minister Keat Chhon said Tuesday. He said from 1992 to present, China has provided 2.7 billion U. S. dollars in soft loans and grants to ...
BoC is set to expand after rapid growth
Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...
http://www.phnompenhpost.com/2013042265138/Business/boc-is-set-to-expand-after-rapid-growth.html