Cambodia Morning News For August 1

ABA Bank introduces PayWay service to boost online businesses in Cambodia
ABA Bank, the member of the National Bank of Canada Group, officially launches its own online payment gateway for merchants. The service is called PayWay. Being perfectly tailored to the local business needs, PayWay provides secure, convenient and easy-to-integrate solution that helps entrepreneurs sell their products or services online and accept payments instantly.
— The Phnom Penh Post

Taiwan firm thinks local base could add flavor
Vedan International Holdings, a Hong Kong-listed investment holding company that produces food additives for beverage production, instant noodles and monosodium glutamate (MSG), is looking to set up a subsidiary in Cambodia by the end of the year, according to a report in Taiwanese media.
— The Phnom Penh Post

Royal Group, SK’s E-Mart sign MoU for hypermarket
Local conglomerate Royal Group signed a memorandum of understanding (MoU) on Friday to form a new joint venture with South Korea’s largest retailer, E-Mart Inc, to build a hypermarket – a massive retail outlet that combines a supermarket with a department store – in Cambodia.
— The Phnom Penh Post

Thai Employers Report 60K Cambodian Migrants
Nearly 60,000 Cambodian migrant laborers working illegally in Thailand were reported by their employers to Thai authorities last week, following the opening of centers on July 24 where employers could register undocumented laborers, the U.N. migration agency said on Monday.
— The Cambodia Daily (paywall)

Joint decree clarifies process of exporting minerals
The Ministry of Mines and Energy (MME) and the Ministry of Economy and Finance (MEF) have issued a joint prakas that aims to clarify the procedures and formalities for mineral commodity exports, according to a blog post by Integrity Cambodia, a pro-transparency group covering the Kingdom’s extractive industries.
— The Phnom Penh Post

CNN Defends Child Trafficking Report From Government Rebuke
CNN on Monday said it stands by its report on child sex trafficking in Cambodia that has set the Interior Ministry on an investigation of a local NGO quoted in the story, accusing it of tarnishing the country’s image.
— The Cambodia Daily (paywall)

Sihanoukville port rides wave of increasing container traffic
Sihanoukville Autonomous Port (PAS), which operates the Kingdom’s only deepsea port, reported a modest increase in container traffic during the first six months of the year, compared to a year earlier, a trend its director said should result in higher profits for the listed company.
— The Phnom Penh Post

Investors needed in Cambodia and Vietnam
Both countries need investment to arrest declining domestic output and plug an impending supply gap—opportunities for China and LNG
— Petroleum Economist

The point of no return
Cambodia’s most important ecosystem is in crisis, experts say. Millions rely on the Tonle Sap lake for food and irrigation, and its destruction would have repercussions across the whole Kingdom. What can be done?
— The Phnom Penh Post

Ancient ‘guardian’ unearthed in Siem Reap
An ancient statue was unearthed near the one-time imperial capital of Angkor Thom on Sunday by researchers studying an Angkor-era hospital nearby, the Apsara Authority announced yesterday.
— The Phnom Penh Post

Police Seeking Four More for Allegedly Smuggling Weapons
Police are searching for four suspects believed to have carried weapons illegally across the Thai border in a case in which three Cambodians and six Thais were arrested last month for alleged weapons trafficking, a Banteay Meanchey police official said on Monday.
— The Cambodia Daily (paywall)

Four Men Arrested for Poipet Fake Money Scam
Four men, including a Frenchman and a Cameroonian, were arrested in Poipet City for attempting to take cash from a man with the promise of duplicating the notes, police said.
— The Cambodia Daily (paywall)

Tbong Khmum Residents Evacuated as Mekong Floods Moves South
Hundreds of riverside families in Tbong Khmum province were on Monday evacuated away from the flooding Mekong River, even as the provinces hit hardest by tropical storm ‘Sonca’ last week returned to normalcy and evacuees shuffled back to their homes.
— The Cambodia Daily (paywall)

U.S. Ambassador to Cambodia visits with Cambodian American community of Washington
On July 8th, the Cambodian American community of Washington State hosted U.S. Ambassador William Heidt and family, which culminated in a dinner reception honoring his visit. The Cambodian American Community Council of Washington (CACCWA) hosted the event which was part of a weekend tour that included a visit to the oldest Khmer Buddhist temple in Washington State, a reception at China Harbor, and a private lunch at the residence of one of its members. The visit was an opportunity for the Cambodian American community of Washington State to get to know the highest ranking diplomat representing the United States in Cambodia.
— International Examiner

Feature photo Max Pixel
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Cambodia morning news by AEC News Today is your one stop source for Cambodia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.