Cambodia Morning News For July 21

Government clarifies exemptions for minimum tax
Nearly a year after the government announced that it would consider scrapping the controversial and burdensome 1 percent minimum tax obligation that is paid on monthly revenue flows, the Ministry of Economy and Finance has provided guidelines on how taxpayers who satisfy its accounting guidelines can obtain an exemption.
— The Phnom Penh Post

ADB Predicts Increase in Asia’s Growth Rate
Halfway into the year, the Asian Development Bank has raised the estimated GDP growth rate for developing countries in Asia this year and next by a few tenths of a percentage point.
— The Cambodia Daily (paywall)

Global Fund Donates $98M Despite Graft Investigation
Global Fund will provide $98 million to fight malaria, tuberculosis and AIDs from 2018 to 2020, an official said on Thursday, with the donor seemingly banking on improved oversight to prevent alleged government fraud and nepotism it described as recently as March.
— The Cambodia Daily (paywall)

Decree puts riel prices into focus
The government has issued a decree that requires all businesses to put price tags on their products and services in riel to increase transparency for consumers and boost the use of the local currency.
— The Phnom Penh Post

Tbong Khmum province struggles with debt
Tbong Khmum province, whose economy is heavily dependent on rubber and pepper farming, had the highest rate of delinquent consumer loans in the country last year, according to the latest credit bureau data, with the province’s non-performing loan (NPL) rate climbing to more than double the national average.
— The Phnom Penh Post

Cambodia Takes the Regional Lead in HIV Treatment Effort
Cambodia has made significant progress in HIV treatment, taking the lead regionally by reaching 80 percent of those living with the virus and becoming one of only seven countries globally to reach target treatment goals, according to a U.N. report released on Thursday.
— The Cambodia Daily (paywall)

Support, pay low for city builders
Though garment workers are often at the front and centre of Cambodia’s labour movement, a new survey has found that their counterparts in the construction sector on average earned less and were not receiving Labour Law-prescribed benefits, with female builders bearing the brunt of this pay disparity.
— The Phnom Penh Post

Vietnam Pledges $25M to Cambodia for National Assembly Building
Vietnam has pledged $25 million to Cambodia to build a new National Assembly secretariat building in Phnom Penh, while also promising greater cooperation on a range of issues between the two nations, officials said on Thursday.
— The Cambodia Daily (paywall)

Families Seek Information Over Railway Plan
Residents living along a stretch of long-abandoned train track protested outside City Hall on Thursday and submitted a petition about a planned road that could lead to evictions, but left without any assurances after a meeting with officials.
— The Cambodia Daily (paywall)

Researchers in Cambodia find nest of rare riverine bird
Wildlife researchers in Cambodia have found a breeding location for the masked finfoot, one of the world’s most endangered birds, raising hopes of its continuing survival.
— The Washington Post

Cambodia and Vietnam Signs Five Agreements
The Secretary General of the Central Committee of the Communist Party of Vietnam, Nguyễn Phú Trọng, arrived Cambodia today for a three-day visit from July 20-22.
— Fresh News

Feature photo shankar s.
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.

Cambodia Morning News For July 21 added by Leakhena Khat on July 21, 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.