Cambodia Morning News For July 25

Cambodia Morning News For July 25
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Cambodia morning newsUS dollar used to curb inflation
Cambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and inject it into circulation, according to the regulator’s latest report.
The Phnom Penh Post

First ‘Islamic’ MFI Eyes Opening by End of Year
The country’s first microfinance institution (MFI) professing to follow Islamic law may begin offering services in Cambodia by the end of the year, officials said on Monday, using fees in place of interest rates and new terms of collateral.
The Cambodia Daily (paywall)

Wave of Sihanoukville visitors grows
Tourist arrivals to the premiere beach destination in Preah Sihanouk province have increased by nearly 15 percent during the first half of this year reaching 1.2 million visitors, showing that government efforts to make it the next big destination are starting to pay dividends, according to the latest figures from the Tourism Department.
The Phnom Penh Post

Prudential Cambodia achieves major milestone with 100,000 policies issued
Prudential Cambodia, a leading life insurance company in Cambodia, announced in June 2017 that it has reached a major milestone having issued 100,000 life insurance policies in the Kingdom since it began operations in 2013.
The Phnom Penh Post 

Gulf carriers add capacity as Cambodian air cargo exports soar
The major Gulf carriers have boosted capacity at Phnom Penh Airport during a strong first-half for Cambodia’s air cargo exports.
The Load Star

Migrant worker protections ‘lacking’, reports find
Cambodia lacks effective mechanisms to protect its citizens working both as legal and undocumented migrants abroad, where such workers also face insufficient protection from the countries that receive them, according to two new reports published last week.
The Phnom Penh Post

Deminer Stockpiled Smuggled Arms: Police
A Cambodian Mine Action Centre employee arrested for alleged involvement in cross-border weapons smuggling told authorities he had stockpiled arms found in an underground cache in 2008, a police official said on Monday.
The Cambodia Daily (paywall)

Another Guilty, Corrupt Official Walks Free
An assistant at the Council for the Development of Cambodia walked free yesterday despite being found guilty of demanding bribes to process applications, less than a week after two City Hall officials were also freed despite being found guilty of pocketing public funds.
The Cambodia Daily (paywall)

Cambodian Villagers Refuse to Leave Homes as Dam Testing Floods Sesan District
Villagers affected by the U.S. $781 million Lower Sesan 2 hydropower dam project on Mekong River tributaries in northeastern Cambodia’s Stung Treng province said on Monday that they will remain in their villages as the water level keeps rising during a test of the 400-megawatt project.
Radio Free Asia 

Villagers in Kandal find unexploded ordnance
Two unexploded Mk 82 bombs, legacies of the US bombing of Cambodia in the 1970s, were unearthed on Sunday in a hole in Kandal province’s Kandal Stung district, according to a police official.
The Phnom Penh Post

Prime Minister Vows to Keep Children’s Hospitals Running
Prime Minister Hun Sen ordered the government to draw up a plan to fund the country’s popular Kantha Bopha children’s hospitals on Monday, four months after the long-serving director of the foundation that runs them resigned.
The Cambodia Daily (paywall)

Life after trafficking: The Cambodian girls sold for sex by their mothers
The CNN Freedom Project first spoke with Sephak in 2013, along with other child trafficking victims, as part of a documentary on sex trafficking in Cambodia.
CNN (Video)

 

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.

 

 

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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.

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