Cambodia Morning News For June 2

Cambodia Morning News For June 2

Cambodia morning news

Kandal drowning in debt: Confusion about MFIs may cost CPP in commune elections
By the end of last year, Cambodians collectively owed $3.1 billion to microfinance institutions (MFIs), according to a World Bank report, a figure that would not have escaped the notice of the ruling Cambodian People’s Party.
The Phnom Penh Post

Ministry to begin $20M plan for domestic vegetables
Implementation of a previously announced three-year $20 million programme to increase local vegetable and fragrant rice production will begin next month to help boost domestic supply and reduce imports, an agriculture official said yesterday.
— The Phnom Penh Post

Cambodia’s garment sector exports more, employs less
Exports from Cambodia’s garment and footwear sector continued to grow in 2016, rising by 7.2 per cent to $7.3 billion, but the number of exporting factories officially registered in the sector fell by 10.4 per cent and the number of workers declined by 2.9 per cent, compared to 2015, according to the sixth edition of the ILO’s Cambodian bulletin.
– Fibre2Fashion

Cambodia’s Hun Sen Doubles Down in Facebook ‘War’ Threat
Cambodia’s Prime Minister Hun Sen has yet again warned of war and chaos should his ruling Cambodian People’s Party (CPP) lose commune elections on Sunday, prompting the country’s opposition leader to slam him for trying to upend the democratic process.
– RFA

Trafficked Children Returned From Thailand
Six Cambodian children who had been trafficked to Thailand were repatriated on Wednesday, according to a government statement, as an official vowed to ramp up efforts to fight child trafficking.
– The Cambodia Daily (paywall)

Angkor Gold Announces Diamond Drill Program on Oyadao South Project
Angkor Gold Corp is pleased to announce the commencement of a focused and a regional exploration program on Angkor’s 100% owned Oyadao South license with its partner, Japan Oil, Gas and Metals National Corporation.
— SatPRnews

Foreign Parents of Surrogate Babies Face Reporting Mandate
Foreign parents of babies born to Cambodian surrogate mothers will be expected to give the government annual welfare updates until the children reach 18, an Interior Ministry official said on Thursday, a measure one expert described as unenforceable.
– The Cambodia Daily

NGOs under close watch for bias
The Ministry of Interior yesterday warned human rights groups that they are being closely watched for alleged bias towards the opposition CNRP, in a startling move targeting some of the country’s most prominent local NGOs.
The Phnom Penh Post

Telecoms feel effects of ‘price war’
With telecommunications operators embroiled in what one industry insider called an “epic price war”, companies are starting to feel the impacts of predatory pricing sparked by Cellcard in January when it offered massively discounted mobile voice and data deals.
The Phnom Penh Post

Government prakas fixes unclear law on taxes
The Ministry of Economy and Finance (MEF) published a prakas yesterday that clearly defines the government’s laws for nontaxable supplies that receive a VAT exemption on primary financial services – a move that industry insiders claim gives more clarity to businesses.
The Phnom Penh Post

National Bank boosts dividend as Q2 profit surges to $484 million
National Bank of Canada (TSX:NA) is raising its quarterly dividend following a second-quarter profit that more than doubled to $484 million, beating analyst estimates.
Life In Québec

On the brink: pangolins in peril
Suspected to be the most-trafficked animal in the world, pangolins are rapidly disappearing from the wild. In Cambodia, rescue efforts and captive breeding programmes are trying to bring them back from the edge of extinction.
– The Phnom Penh Post

Rare wild cats photographed in Cambodia for first time since 2015
A Cambodian wildlife group announced on Thursday that it has captured the first images since 2015 of a fishing cat, a rare wild feline found in Southeast Asia.
– Daily Sabah

 

Feature photo UN Women Cambodia/ Charles Fox
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