Cambodia Morning News For July 6

Cambodia Morning News For July 6

Cambodia morning news

Microlenders refuse to apply prescribed VAT
The industry body representing the Kingdom’s myriad microfinance institutions (MFIs) threw down the gauntlet yesterday, announcing that its members had categorically rejected a government directive that orders them to charge a value-added tax (VAT) on financial services fees and would not apply it.
The Phnom Penh Post 

Cambodia: Textiles, Tourism, and Technology Deliver Growth Consistently Above 7%
Cambodia is asserting itself as one of the fastest growing economies in Southeast Asia (AAXJ) (VPL) (IPAC). A sustained influx of real estate development projects led by both local and regional firms show the country’s property market is emerging as the preferred sector for investors looking to gain an initial foothold.
Frontera

Rice mogul spices up business with pepper
Cambodia rice mogul Song Saran, the CEO of one of the Kingdom’s top rice exporters, will diversify his agricultural business interests with the construction of a factory to clean and process locally grown pepper, he said yesterday.
The Phnom Penh Post

Cambodia: Real Estate Development To Move Towards Entertainment, Hotels, And Retail
Foreign investment in Cambodia has risen by 800% over the past decade. Multinationals such as Starbucks (SBUX), Samsung Electronics (SSNLF), Toyota Motors (TM), and Nike (NKE) already have a foothold in this undervalued Asian (AAXJ) (VPL) (IPAC) economy, setting up their operations in the lively capital of Phnom Penh.
Frontera 

Cambodia closes 43 temporary crossings to Sa Kaeo
Cambodia has closed 43 temporary border crossings into three districts of Sa Kaeo province, explaining it would prevent unregistered Cambodian workers being caught illegally entering Thailand.
Bangkok Post

Demining Operator Opens Peace Museum
The government’s main demining operator will open a 2-hectare landmine museum at an undisclosed cost in Siem Reap City today, at a time when the government is struggling to attract donors for mine clearance work that is well behind schedule.
The Cambodia Daily (paywall)

NGOs Warned To Comply With Law or Face Action
Interior Minister Sar Kheng took aim at civil society on Tuesday night, warning NGOs to comply with the law or face legal action, at the same time the ministry ordered the ad hoc election monitoring group the Situation Room to cease any future monitoring activities.
— The Cambodia Daily (paywall)

Cambodian migrant workers return from Thailand
Despite the Thai government’s temporary backtracking on its harsh punishments of undocumented migrant workers, hundreds of Cambodians working in Thailand continued to pour back into their home country yesterday.
The Phnom Penh Post

Ministry Appeals for Migrant Support in Border Provinces
As hundreds of Cambodians continue to return from Thailand daily despite calls for calm and assurances they will not face arrest or deportation, the Interior Ministry has ordered authorities in border provinces to help migrant workers get home safely.
The Cambodia Daily (paywall)

 

Feature photo Andrzej Wrotek
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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