Wednesday, March 21, 2018
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Max Weinstein


Turkey Sets High Hopes for Trade With Cambodia

Turkey’s Foreign Minister announced a bold plan Monday to boost trade with Cambodia by more than 400 percent over the next five years, aiming to reach $500 million in bilateral trade by 2020, up from about $124 million last year.

Banks, Microfinance Institutions Agree to Voluntary Standards

The majority of Cambodia’s financial institutions on Monday signed a nonbinding code of conduct that aims to increase customers’ awareness of their rights at a ceremony at Phnom Penh’s Intercontinental Hotel.

Water Agency Says Fee Cuts to Cost It $200,000 a Year

The Phnom Penh Water Supply Authority (PPWSA) will lose more than $200,000 a year due to a new policy designed to lower water rates for workers and students living in rented rooms, the authority’s director said on Thursday at a meeting with hundreds of landlords at Wat Chumpou Voan in Pur Senchey district.

Insurance Revenue Up 26.7 Percent Last Year

Revenue in the country’s insurance sector increased 26.7 percent in 2014 compared to the previous year, generating $53 million in total income, according to a report released on Wednesday by the Insurance Association of Cambodia.

CPP Youth Group, Road Safety NGO Launch Helmet Campaign

A CPP-aligned youth group and a regional road-safety NGO on Tuesday launched a $1.2 million, two-year pilot program to educate Cambodians about the importance of wearing helmets while driving or riding as passengers on motorbikes.

Electricite du Cambodge Begins Residential Electricity Overhaul

Two weeks after Prime Minister Hun Sen announced a government initiative to slash the price workers pay for electricity by preventing landlords from overcharging tenants, state-run Electricite du Cambodge (EdC) began the process of fitting rented rooms with its own meters Thursday.

Largest Teachers’ Association Laments Dearth of Textbooks

The head of the country’s largest teachers’ association sent an open letter to Education Minister Hang Chuon Naron on Wednesday contending that there is a serious shortage of textbooks and teacher manuals due to corruption and indifference on the part of ministry officials.

Latest Headlines

‘It’s not political’: Phnom Penh Post CEO on $3.9m tax bill

A large tax bill handed down to the Phnom Penh Post, Cambodia’s last remaining independent English-language newspaper, is part of an ongoing, “perfectly routine” audit negotiation process rather than an attack on free press, according to the paper’s CEO, Marcus Holmes. He added that such audits were hitting businesses across the country in a government effort to strictly enforce the years-old tax law.

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