Cambodia Morning News For June 26

New rules for digital payments
The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and encourage the consolidation of its smaller players.
— The Phnom Penh Post

Smooth sailing for port’s IPO
Earlier this month Sihanoukville Autonomous Port (PAS) became the fifth listed firm on the Cambodian Securities Exchange (CSX) following an initial public offering that raised $27 million. The Post’s Brian Ng sat down with Shuzo Shikata, CEO of SBI Royal Securities (SBIR), the sole underwriter of the IPO, to discuss the state-owned port operator’s journey to becoming a public listed company.
— The Phnom Penh Post

Ministry preparing to begin flights to Australia, Cambodia
The Ministry of Culture, Tourism and Civil Aviation is doing homework to begin air services with Australia and Cambodia.
— The Himalayan Times

Interior Minister Orders Probe Into Cross-Border Arms Cache
Interior Minister Sar Kheng on Friday announced an investigation into an arms cache that Thai officials found in a crashed pickup truck just beyond a border checkpoint earlier this month, saying the weapons “could have been smuggled” from Cambodia, officials said.
— The Cambodia Daily (paywall)

Cambodia, Soramitsu Planning Distributed Ledger System
Soramitsu Co., the Japanese Blockchain identity company, has indicated that they are partnering with the National Bank of Cambodia to test distributed ledger technology in creating new and innovative payment methodologies.
— The Cointelegraph

Cham Muslims Celebrate End of Ramadan Fasting Month
For 31-year-old Saffir Prak, one of Cambodia’s ethnic Cham Muslims, on Sunday marked the end of one month of training in patience and gratefulness.
— The Cambodia Daily (paywall)

Official results confirm Cambodian opposition gains
Cambodian election authorities on Sunday released final results from this month’s local polls, confirming that the opposition to the country’s strongman leader made significant gains.
— The Star Online

Vietnam, Laos, Cambodia fronts ink agreement at third conference
The programme aims at further enhancing the ties among the three parties in line with the Memorandum of Understanding (MoU) on cooperation they signed more than three years ago.
— VIETNAMNET Bridge

Deputy PM Pham Binh Minh gives interview on Vietnam-Cambodia relations
The friendly relations and comprehensive cooperation between Vietnam and Cambodia have been thriving, Deputy Prime Minister and Foreign Minister Pham Binh Minh said in a recent interview to the press on the occasion of the 50th founding anniversary of Vietnam-Cambodia diplomatic ties.
— VIETNAMNET Bridge

Cambodian female workers in Nike, Asics and Puma factories suffer mass faintings
Women working in Cambodian factories supplying some of the world’s best-known sportswear brands are suffering from repeated mass faintings linked to conditions.
— The Guardian

1,000 Kg of Cocaine En Route to Cambodia Seized in China
Chinese customs officers in Shanghai seized a huge haul of more than 1,000 kg of cocaine from South America that was en route to Cambodia late last year, according to a Cambodian anti-drug officer.
— The Cambodia Daily (paywall)

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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.

Cambodia Morning News For June 26 added by Leakhena Khat on June 26, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.