Cambodia Morning News For August 9

Cambodia Morning News For August 9

Cambodia morning newsCambodia’s exports to Japan up 4.5 percent in H1
Cambodian exports to Japan totaled 591 million USD between January and June, a 4.5 percent increase compared to the same period last year, according to the Japan External Trade Organisation (JETRO).
— VietnamPlus

In Japan, Hun Sen Guarantees ‘Peace, Security’ for Investors
Prime Minister Hun Sen on Tuesday told Japanese investors that he would “guarantee peace, security and a stable political situation” despite next year’s looming national election, ahead of which the premier has ratcheted up threats and intimidation of opponents.
— The Cambodia Daily (paywall)

Tax chief weighs in on huge Cambodia Daily bill
The head of the General Department of Taxation yesterday said the Cambodia Daily would have its licence suspended and its accounts frozen if it failed to pay or to formally dispute a $6 million tax bill by early next month.
— The Phnom Penh Post

Will digital wallets succeed in creating a cashless Cambodia?
High smartphone penetration and a large unbanked population make Cambodia a seemingly ideal location to launch the next big digital wallet. Favourable demographics, however, are no guarantee of success
— Southeast Asia Globe

Emergency rice fund beefed up
The government is pumping more money into its emergency rice loan fund ahead of next month’s rice harvest, raising the fund’s total capital to $50 million despite millers showing little inclination to borrow from it last season.
— The Phnom Penh Post

Riversgold to use IPO proceeds in its search for Mondulkiri gold
Riversgold, an Australian gold exploration startup, will use the proceeds of its upcoming initial public offering (IPO) to acquire and develop mineral exploration projects in Australia, the US and Cambodia, according to a company prospectus.
— The Phnom Penh Post

Stay ahead of the curve: Industry 4.0 in Cambodia
On 25 August, Inspire Asean and the German Business Group in Cambodia (ADW) bring to the stage expert-led talks on the future of intelligent production and its connection to the internet of things. In a strong regional export market, Cambodia must stay competitive. Get insight from four leaders in the field on industry shifts, evolving trends and the impact of new technology.
— Southeast Asia Globe

Japan bankrolls Sihanoukville Port expansion
JICA signed the loan deal with the Cambodian government in Tokyo on Monday.
— JOC 

Many Cambodia migrants still unregistered for work in Thailand
The Thai Labour Ministry reported yesterday that nearly 223,000 Cambodians had registered at centres in the country during a two-week window for undocumented migrants to get papers, a number that falls well short of legalising all Cambodian workers in the country, according to estimates from experts.
— The Phnom Penh Post

Oshawa student spends summer in Cambodia working on maternal and child health program
An Oshawa man is spending his summer in Cambodia on a project aimed at improving maternal, newborn and child health.
— DurhamRegion

Angkor Gold Corp (ANK) Increases 5% on Aug 8
Shares of Angkor Gold Corp (CVE:ANK) last traded at $0.315, representing a move of 5%, or $0.015 per share, on volume of 1,500 shares. After opening the trading day at $0.31, shares of Angkor Gold Corp traded in a close range. Angkor Gold Corp currently has a total float of 103.50M shares and on average sees 26,841 shares exchange hands each day. The stock now has a 52-week low of $0.25 and high of $0.5.
— Norman Observer

Sri Lanka to strengthen cooperation with Cambodia
The State Minister of Sri Lanka Foreign Affairs Vasantha Senanayake, currently in the Philippines to attend the ASEAN Regional Forum (ARF) met with Prak Sokhonn, the Foreign Minister of Cambodia on August 4 in Manila during which meeting initiatives relating to economic and trade, tourism, education cooperation and the long standing cultural cooperation and Buddhist linkages were discussed.
— Times Online

Labor chief to discuss hiring Cambodian helpers for HK
The Secretary for Labour and Welfare, Dr Law Chi-kwong, will meet labor recruiters in Cambodia during a three-day visit from tomorrow to discuss arrangements for women from the country to work in Hong Kong as domestic helpers.
— The Standard

Feature photo EyeofJ
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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Sreypov Men

Sreypov Men

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
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