Cambodia Morning News For October 10

Cambodia Morning News For October 10

Cambodia morning newsAdjusting to economic success in Cambodia
Cambodia recently made the transition from a low income to a lower middle-income country, according to the World Bank’s rankings.
East Asia Forum

Ministry produce plan comes up short
A $20 million Ministry of Agriculture programme has struggled to meet its goal of introducing 160 tonnes a day of high-quality locally produced vegetables to the market, with ministry officials saying that as a result of high production costs and pricing issues it was currently supplying less than a third of that amount.
The Phnom Penh Post

EU calls on Cambodia to reconsider banning main opposition party
The European Union called on Cambodia’s government on Monday to reconsider its decision to seek the dissolution of the main opposition party after its leader was arrested and charged with treason.
Reuters

Forest loss data show 2016 increase
Newly released satellite imagery shows that Cambodian forests were cleared in 2016 at a rate 30 percent higher than in 2015 – despite Military Police forming a special task force to undertake a yearlong crackdown on illegal logging that same year.
The Phnom Penh Post

Cambodia’s Smart Axiata, Sabay in strategic partnership
SMART Axiata, a Cambodian mobile operator, announced that it will acquire a 30% equity stake in digital content and entertainment provider Sabay Digital Plus Co, Ltd, in a deal that both companies expect will strengthen their digital leadership position in the country.
Digital News Asia

Jet’s mints first gold collateral plan
Local diversified company Jet’s Group has launched a new collateral option that allows would-be homeowners to buy gold bullion from Hong Kong that can be used to secure investments in its Cambodian property developments, a company executive said yesterday.
The Phnom Penh Post

Market for construction materials opened in Phnom Penh
A company based in China’s southern province of Guangdong opened a 2-hectare market for building and construction materials near the Preah Monivong Bridge in Phnom Penh on Saturday, according to a report by online Chinese news site Commercial News.
The Phnom Penh Post

Cambodia to launch secretariat for Lancang-Mekong Cooperation
The National Secretariat of Cambodia for Lancang-Mekong Cooperation (LMC) will be launched here on Tuesday to further strengthen the cooperation mechanism, said a Foreign Ministry press release on Monday.
Xinhua

Chinese-invested Lanmei Airlines launched in Cambodia
Lanmei Airlines (Cambodia), a Chinese-owned airline, was launched in Cambodia on Monday and will operate six-nation flights in the Greater Mekong Sub-region.
China.org.cn

Government order to display prices in riel currency fails to stick
A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing little resolve to enforce the decree.
The Phnom Penh Post

Ministry ups scrutiny of NGOs
The Interior Ministry has instructed provincial officials to urgently report any instances in which activities are carried out by any NGOs or grassroots associations without prior notification, adding that authorities can stop any planned events if they affect “public order and national security”.
The Phnom Penh Post

Hun Sen chides Suu Kyi on Rohingya, Greece’s Tsipras on hasty campaign promises
Prime Minister Hun Sen broke his avowed silence on Myanmar’s “Rohingya issue” to make a political point – and fresh election promises – at a university graduation ceremony yesterday.
The Phnom Penh Post

Asia’s Longest-Serving Strongman Shows the Power of China’s Cash
Sitting last month in the Phnom Penh villa that houses Cambodia’s main opposition party, Mu Sochua searched for a way to fight back against one of the world’s longest-serving leaders.
Bloomberg

Hun Sen’s middle son appointed a three-star general
Cambodian Prime Minister Hun Sen’s middle son, Hun Manith, has recently been promoted a three-star general in the Royal Cambodian Armed Forces in what political commentator described as another move to consolidate Hun Sen’s family’s position within the military and to extend his power and influence, according to The Phnom Penh Post Online on Monday.
Thai PBS

 

Feature photo World Bank Photo Collection
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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