Cambodia Morning News For June 22

Cambodia-China trade reaches $5.8b in 2017
Trade volume between Cambodia and China was valued at $5.8 billion in 2017, up 22 percent from $4.76 billion a year earlier, Cambodian Minister of Commerce Pan Sorasak said on Thursday.
— Global Times

NBC Warns to Fine Individuals for Not Accepting Cambodian Riel
The National Bank of Cambodia (NBC) announced on Thursday on her official Facebook page that any individual who does not accept payment in Cambodian currency (KHR) in the kingdom shall be liable for a fine of 100 times the amount of the payment, according to Article 64.
— Fresh News

NBC revokes licenses of 11 rural credit institutions
The National Bank of Cambodia on Wednesday announced it is revoking the licenses of 11 rural credit institutions and rejecting license applications from 12 other credit organisations.
— Khmer Times

PM Hun Sen Urges Specialized Banks and Microfinance Institutions to Provide Low-interest Loans to Tourism Students (Video inside)
Prime Minister Hun Sen called on specialized banks and microfinance institutions in Cambodia to promote tourism by providing low-interest loans to Cambodian students to pursue tourism education and skills.
— Fresh News (video)

Cambodia’s Royalist Party Demands Probe of Crash That Left Prince Injured, Princess Dead
Cambodia’s royalist Funcinpec party on Thursday rejected a police report which called a car collision that left the party’s president Prince Norodom Ranariddh critically injured and killed his wife Princess Ouk Phalla an accident, and has demanded a probe into the incident.
— Radio Free Asia

New airline about to take off
Cambodia Airways, a locally owned airline with $200 million paid-up capital, will launch operations in the next few weeks, operating local and international routes, particularly to destinations in China, according to a representative of the Secretariat of State Civil Aviation.
— Khmer Times

We’re going to Wisney World!
More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday.
— The Phnom Penh Post

Chinese construction depot opens in Kandal
A Chinese-owned depot for furniture and construction materials officially open yesterday in Kandal province, 20 kilometres from downtown Phnom Penh.
— Khmer Times

New Chinese Commercial Market Largely Benefits Cambodia: Minister of Commerce
Cambodian Minister of Commerce Pan Sorasak and Deputy Director of Commerce of Sichuan Province Zhang Ying, on Thursday, co-chaired the inauguration ceremony of Chedubaiyi Cambodia-China Commercial Market located in Kandal Province’s Ang Snoul district, approximately 25km to the west of Phnom Penh on national road 4.
— Fresh News

Aeon opens second mall in Cambodia
Japanese retail giant Aeon Co’s second mall opened in Cambodia’s capital city on Wednesday, becoming the country’s largest shopping mall.
— Bangkok Post

Asean meeting on tourism professionals comes to an end
The second Asean conference on the mutual recognition of tourism professionals, held in Phnom Penh, ended yesterday, with participating experts agreeing on the need to create education and training programmes more in line with labour market demands in the digital era.
— Khmer Times

PM taunts ‘ghost party’
Prime Minister Hun Sen invoked the supernatural on Wednesday, urging the Kingdom’s constituents to find a new political party rather than wait for the “ghost party” that is long dead.
— The Phnom Penh Post

ANFREL Unveils Its Ill-intended Plan to Destroy Democracy in Cambodia
Dirty tricks of KOUL Panha and ANFREL (the Asian Network for Free Elections) in disrupting, discrediting, and destroying the General Election slated to take place on 29 July 2018 was finally unveiled through its report issued on 15 June 2018.
— Fresh News

Cambodia and China aiming to further improve relations
Scholars, students and academics from Cambodia and China yesterday attended a forum to discuss 60 years of relations between the two countries in a series of topics aimed to boost economic and diplomatic ties.
— Khmer Times

Cambodia’s Vireak Chey National Park Under Siege From Illegal Vietnamese Loggers: Activist
Cambodia’s Vireak Chey National Park, which straddles Stung Treng and Rattanakiri provinces, is under siege from “hundreds of Vietnamese” illegally crossing the border to harvest timber, an environmental activist said Thursday.
— Radio Free Asia

Clearing operation yields hundreds of UXOs
The Cambodian Mine Action Centre, along with local officials, have discovered hundreds of unexploded ordnances and smalls arms munitions following a two-day operation that began on Tuesday to clear Kampong Chhnang province’s Chul Kiri district of explosive remnants of war.
— Khmer Times

Feature photo John Le Fevre

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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.