Cambodia Morning News For June 21

Cambodia Morning News For June 21
Estimated Reading Time: 4 minutes |

Cambodia morning newsCambodian Court Summons Former Opposition Leader Sam Rainsy on Lèse-Majesté Charges
A court in Cambodia has summoned former president of the now-dissolved opposition Cambodia National Rescue Party (CNRP) Sam Rainsy as a suspect in a lèse-majesté case, after he called a letter from the country’s king endorsing upcoming elections “legally worthless.”
— Radio Free Asia

Cryptos illegal in the Kingdom: regulators
Three of the Kingdom’s institutions issued a joint statement on Tuesday, warning the public that using, trading or advertising cryptocurrencies is illegal. They said various local blockchain projects which were operating without government approval pose serious risks to the public.
— The Phnom Penh Post

Workers’ Minimum Wage to Rise above $170 by 2019: PM Hun Sen (Video inside)
Minimum wage of workers will be higher than $170 by 2019, said Cambodian Prime Minister Hun Sen Wednesday morning addressing to more than 17,000 workers from 13 factories in Takeo province, approximately 70km southwest of Phnom Penh.
— Fresh News (video)

Wing, City team up for cashless bus payment
Electronic payment service provider Wing and the Phnom Penh City Bus Authority (PPCBA) on Tuesday joined hands to offer a cashless payment option for the city’s buses, making travelling on public transport smarter and easier.
— The Phnom Penh Post

Officials told to regulate import of agricultural chemicals
Following a meeting with ministry officials, Agriculture Minister Veng Sakhon has urged his subordinates to strengthen law enforcement and be on a lookout for unregulated fertiliser and pesticides being imported and circulated on the market.
— Khmer Times

Indonesia to send observers to monitor July’s poll
The Indonesian government will dispatch two teams of observers to monitor the upcoming national election on July 29, according to the Foreign Ministry.
— Khmer Times

Chinese medical team provides free service in Cambodia
A Chinese doctor examines a local patient in Cambodian capital Phnom Penh on June 16, 2018.
— Xinhua

Chinese Casinos Stir Resentment on Cambodia’s Coast of Dystopia
It’s against the law for Cambodians to gamble. Yet in Sihanoukville, a once-sleepy resort town where three dozen casinos have sprung up, most in the past two years, Cambodians are betting that an infusion of Chinese-built infrastructure will pay off with jobs and prosperity.
— Bloomberg Quint

Aeon inaugurates new mall in Sen Sok
Aeon, a Japanese retail conglomerate, yesterday officially opened its second mall in Phnom Penh, in a bid to capitalise on the Kingdom’s growing middle and upper classes, as well as the increasing number of East Asian and Western residents.
— Khmer Times

U.S. Lawmakers Welcome Sanctions on Hun Sen’s Bodyguard Chief
The move came after the U.S. State Department and Senate repeatedly warned that punitive measures would be forthcoming if Cambodia did not reverse recent anti-democratic actions.
— VOA Cambodia

Thailand seeks formation of cassava bloc
Thailand wants to form a coalition with Cambodia, Laos, and Vietnam, all cassava-producing nations, to guarantee a stable price for the commodity and avoid future price wars, according to an article published yesterday in the Bangkok Post.
— Khmer Times

New Zealand Calls on International Community to Work for Cambodia Rights, Democracy
The Council also urged the release of Kem Sokha, the CNRP president who was jailed in September on treason charges for his supposed role in an alleged plot to overthrow Hun Sen.
— VOA Cambodia

Cambodia Opens Applications for New CIS-Related Licences
Cambodia’s securities regulator has started accepting applications for licences for fund managers, distributors, administrators, trustees, among other CIS-related activities.
— Regulator Asia (paywall)

PM calls for study on fears of US-China trade conflict
Prime Minister Hun Sen expressed concern on Tuesday that an impending global trade war could impact the Cambodian economy, suggesting that economists and experts study what preparations should be made to avoid any negative effects.
— The Phnom Penh Post

Manulife, Sathapana partner up to spread insurance awareness
Manulife, a global life insurer, and Japan-owned Sathapana Bank yesterday launched a new distribution partnership.
— Khmer Times

VC firm Ooctane begins soft launch in Kingdom
Worldbridge-owned Ooctane, a new local venture capital firm, announced its soft launch on Tuesday, with expectations of providing $5 million to help promote and finance startups and small- and medium-size enterprises in the Kingdom.
— The Phnom Penh Post

Cambodia Hosts the 2nd International Conference on ASEAN MRA-TP
Minister of Tourism Thong Khon presided over the opening ceremony of the second International Conference on ASEAN Mutual Recognition Arrangement on Tourism Professionals (MRA-TP) under the theme of “Human Resource Development for Sustainable Tourism”, held from 20-21 June, 2018 at Sokha Phnom Penh Hotel.
— Fresh News

 

Feature photo John Le Fevre

 

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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Sreypov Men

junior writer/ trainee journalist at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations. She commenced as an intern and was appointed as a junior writer/ trainee journalist on April 2, 2018

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