Cambodia Morning News For August 17

Cambodia Morning News For August 17

Cambodia morning newsUS Businesses Give Cambodia Mixed Marks
U.S. companies doing business in Cambodia are optimistic about the country’s overall investment environment, but remain dissatisfied with the supply of cheap and skilled labor, corruption, tax structure, and attitudes toward the U.S., according to a new survey.
The Cambodia Daily (paywall)

Cambodia’s tax agency denies crackdown is political
Cambodian tax authorities denied Wednesday there is a political motive for a crackdown on delinquent taxpayers that prominently targets media and civil society organizations critical of the government.
The Sacramento Bee

Chinese nuclear pact in the works
Cambodia and China are close to inking an agreement that would bring the Kingdom another step closer to developing its own nuclear technology, officials said yesterday, although it would not be used initially to bolster its electricity production.
The Phnom Penh Post

NBC unveils online trading platform
In order to promote interbank transactions and lending, the National Bank of Cambodia (NBC) has officially launched a new online platform which allows financial operators to apply for and trade the central bank’s financial instruments like negotiable certificates of deposits (NCDs), liquidity-providing collateralised operations (LPCOs) and currency.
The Phnom Penh Post

Bangladesh signs big rice deal with Cambodia
Bangladesh has signed a deal to buy 250,000 tonnes of milled rice from Cambodia, two weeks after the two countries signed a memorandum of understanding.
Bangkok Post

Shifting Tourist Market Leaves Handicrafts Behind
A large bus packed with tourists parked outside Phnom Penh’s National Museum, on the tree-lined Street 178, where a row of small art and handicrafts shops eagerly awaited potential customers.
The Cambodia Daily (paywall)

JC Airlines adds fourth jet to a growing fleet
JC International Airlines received its fourth Airbus A320 yesterday, with one more Airbus set to arrive this year before the company more than doubles its aircraft lineup in 2018, the brand manager for the airline said yesterday.
The Phnom Penh Post

Yunnan lays out plan for airport in Siem Reap
Yunnan Investment Holdings Ltd (YIHL), the Chinese state-run company that plans to build Siem Reap’s new international airport, will begin construction next year and over the course of three phases, Sinn Chanserey Vutha, spokesman of the State Secretariat of Civil Aviation, confirmed yesterday.
The Phnom Pneh Post

Moody’s: VN economy can absorb shocks better than Cambodia
Việt Nam and Cambodia share several economic characteristics, but Việt Nam’s larger, more diverse economy has the greater capacity to absorb shocks, said a Moody’s report released on Tuesday.
Viet Nam News

Gov’t Debates Ethnic Minority Say Over Development Projects
Facing pushback from a provincial official, the Environment Ministry on Wednesday defended provisions in a draft environmental code that would give indigenous minorities a strong say over proposed projects that could impact their communities.
The Cambodia Daily (paywall)

Cambodia aims at 100% mobile coverage with tower-sharing strategy
Axiata’s tower company, Edotco, is aiding Cambodia’s aim to raise mobile coverage to 100%.The company, which owns or manages 25,000 towers across Asia including 3,100 in Cambodia, is working with the government to Phillip Wong, its country managing director.
The Capacity Media

Pepper sector shaken by boom
The traditional supply chain dynamics for the renowned Kampot pepper are breaking down due to a market boom that has brought large-scale investment into pepper cultivation, while sidelining the small shareholders that rely on the benefits of being part of the association that represents them.
The Phnom Pneh Post

Endangered dolphin calves sighted in Cambodia
Two more baby dolphins have been spotted in Cambodia, showing encouraging signs of further stabilisation of the Mekong Irrawaddy dolphin population in Cambodia.
The Bangkok Post

Short on Funds, CNRP Finds Make-Do Solution for Signs
Until the CNRP scrapes together enough money to replace its soon-to-be-outlawed party signs, local-level officials have resorted to scissors and paint to alter the images on thousands of promotional billboards across the country.
The Cambodia Daily (paywall)

 

Feature photo ADB Photo/ Chor Sokunthea
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.

 

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