News

Local bond market on the horizon

The government is preparing legislation to regulate the establishment of a corporate bond market that would give local companies a new debt instrument to raise capital for their operations or expansion. ...

Brian Ng
http://www.phnompenhpost.com/business/local-bond-market-horizon

Workshop Calls for Revenue Transparency in Oil, Gas Sector

The government and private companies are being encouraged to adopt a voluntary initiative in order to make revenues generated by the extractives sector more transparent. The workshop on the Best Practice of Governance in Extractive Industries and Revenue Management, which was held in Phnom Penh on Friday by ...

UN Report Says Law Marginalizes Sex Workers

Police targeting of sex workers for arrest has made them vulnerable to contracting or spreading HIV, according to a U.N. report released yesterday. The U.N. report, Sex Work and Law in Asia and the Pacific-Laws, HIV and human rights in the context of sex work, states that ...

Migrant worker policy set to change: ministry

The Cambodian government has developed six prakases related to a controversial sub-decree that regulates the recruitment of migrant workers, but it cannot yet release the details, a Labor Ministry official said yesterday. On the sidelines of an ASEAN meeting in Siem Reap aimed at curtailing migrant worker abuses, Seng Sakada, ...

http://www.phnompenhpost.com/index.php/2012101159236/National-news/migrant-worker-policy-set-to-change-ministry-says.html

Growth in Cambodian service sector, says ADB

Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...

http://www.phnompenhpost.com/index.php/2012100959186/Business/growth-in-service-sector-brings-more-challenges.html

Hun Sen Announces Tax on Land Concessions

Prime Minister Hun Sen on Friday amended a directive on economic land concession (ELC) taxes, which will mean that owners of agricultural ELCs must pay tax of $5 on every hectare of land after the fifth year of ownership, according to the Council of Ministers. Mr. ...

Official pushes for an information access act

Many groups, including the ruling party, would benefit from a proposed access to information law – which would provide transparency when it comes to the government’s development plans and spending – a Council of Ministers official said yesterday. Tuot Lux, a legal expert who has been ...

http://www.phnompenhpost.com/index.php/2012092658908/National-news/official-pushes-for-an-information-access-act.html

Telco regulator launched

The Ministry of Post and Telecommunications officially launched the Telecommunication Regulator of Cambodia (TRC) yesterday in an attempt to establish laws to control, and resolve conflicts among, telecoms operators. Post and Telecommunications Minister So Khun said the TRC’s establishment supported other regulations for managing  conflicts among mobile ...

http://www.phnompenhpost.com/index.php/2012092158837/Business/telecom-ministry-launches-regulator.html

Land Rights Talks Held With Japanese Envoy

Japanese Ambassador Kuroki Masafumi met with human rights workers on Friday to discuss land rights in Cambodia, particularly implementation of the law and the use of force in evictions, two of the participants at the meeting said. Adhoc President Thun Saray, Licadho President Pung Chhiv Kek and ...

Pay delay frustrates disabled community

More than one year after the government passed legislation to bring in a pension for people with disabilities living in poverty, a preliminary committee to workshop how to locate such disabled people has still not been formed, officials said yesterday. In June last year, the ...

http://www.phnompenhpost.com/index.php/2012090658540/National-news/pay-delay-frustrates-disabled-community.html

Senate Approves Law Allowing Cambodians to Work in Qatar

The Senate yesterday approved a law making way for Cambodians to travel to Qatar for work, an official said. The 52 senators present passed the law unanimously and without amendments, said Oum Sarith, Senate cabinet chief. The agreement lets Cambodians work in the oil-rich emirate’s service ...

Still no motion on union law

As the latest draft of Cambodia’s long-awaited trade-union law sits idly at the Council of Ministers, Ministry of Labour officials have turned to outsiders to help hasten its enactment, a union advocate said yesterday. Dave Welsh, country director of the American Center for International Labor Solidarity, said ...

http://www.phnompenhpost.com/index.php/2012090458479/National-news/still-no-motion-on-union-law.html

Act on environment, UN urges

The government needs to enforce legislation on protecting the environment, even as it gives away masses of land and resources in concessions, or risk jeopardising its economic future, the UN assistant secretary-general for disaster risk reduction said yesterday. “The most critical impact of disasters today is ...

http://www.phnompenhpost.com/index.php/2012042755821/National-news/act-on-environment-un-urges.html

Unions seek changes to labour law

Union leaders are calling for 10 changes to be made to the draft law that will regulate them, including allowing civil servants to form unions, they said yesterday, following a letter calling for two ministers to intervene late last week. The Cambodian Trade Union Coordination Council ...

http://www.phnompenhpost.com/index.php/2011122653621/National-news/unions-seek-changes-to-labour-law.html

'Huge changes' made to new draft union law

A new draft of the trade-union law included “huge changes” that removed all major controversial aspects of the legislation, including criminal sanctions, a union advocate said yesterday. Dave Welsh, country director for the American Centre for International Labour Solidarity, said the Ministry of Labour was to ...

http://www.phnompenhpost.com/index.php/2011111852831/National-news/huge-changes-made-to-new-draft-union-law.html

No transparency provisions in draft oil law

After years in the drafting process, a copy of Cambodia’s much-anticipated draft petroleum law obtained this week shows that there are still no provisions governing the public disclosure of payments made to the government by gas and oil companies. Dated February 2010, the draft could still ...

Pay Off Officials, Risk Prison Stint, New Law Says

The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...

http://www.camnet.com.kh/cambodia.daily

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