Cambodia Morning News For March 7

Cambodia Morning News For March 7

Cambodia morning newsGovernment denies rumours of national cryptocurrency
Government officials today shot down rumours that Cambodia would be issuing its own national cryptocurrency, despite international media coverage and a high-profile government official’s plan to attend an event organized by the company responsible for the claims.
— The Phnom Penh Post

US sends first soybean shipment to Cambodia
The US sent its first shipment of food-grade soybeans to Cambodia last week, exporting a total of 14 tonnes to both Cambodia and Myanmar to be processed in the receiving countries, according to US media reports.
— The Phnom Penh Post

Over $1.3 B to Invest in Mining and Petroleum Sector in 2019
Suy Sem, Minister of Mines and Energy, said that in the framework of foreign investment flows, the approved investment projects for 2019 in the mining and petroleum sectors are amounted to more than $ 1.3 billion.
— Fresh News

Garment workers at shuttered Cambodia factories try to cash in on government compensation offer
After a surprise announcement last week from the Ministry of Labour that it would pay employees from a group of shuttered factories whose owners had fled, garment workers and union leaders are scrambling to figure out which factories qualify for compensation.
— The Phnom Penh Post

CSX Launches App And Website To Teach Public About Securities Investment
The Cambodia Securities Exchange (CSX) yesterday officially launched a website and an app to help investors and the public achieve a better understanding of the stock market.
— B2B

Funding is the biggest hurdle for Cambodia’s technology startups
Funding for the tech startup scene in Cambodia has been growing, but challenges persist for young entrepreneurs hoping to attract investment for their nascent businesses.
— The Phnom Penh Post

Prayut tells ministers to ‘monitor’ Cambodian election in July
Prime Minister General Prayut Chan-o-cha on Tuesday told his ministerial colleagues to monitor the general election due to be held in Cambodia this July.
— Thai Visa News

UN report highlights escalation of tensions in Cambodia
Shrinking political and civic space in the Kingdom is highlighted in a new report from the United Nations’ human rights commissioner and secretary-general ahead of a UN Human Rights Council discussion this month on Cambodia.
— The Phnom Penh Post

Court Extends Pre-Trial Detention of Jailed Opposition Leader
Kem Sokha was jailed in September on treason charges. More than two months later his party, the Cambodia National Rescue Party, was dissolved by the Supreme Court and more than 100 of its members were banned from politics for five years.
— VOA

Cost of Cambodia’s carbon credits must be raised: study finds
A new study has found that increasing the cost of carbon credits is required to make tropical forest conservation a viable alternative to the spread of rubber plantations in Cambodia.
— The Phnom Penh Post

Japan To Fund Four New Local Projects
Japan agreed to provide $384,817 in financial assistance to local organisations for projects in Phnom Penh, Kandal, Kampong Chhnang and Koh Kong.
— B2B

Money discussed for families set to be displaced by new Kandal airport
Officials are negotiating cash compensation for hundreds of villagers in Kandal province who will likely be displaced to make way for a massive airport project.
— The Phnom Penh Post

 

Feature photo shankar s.

 

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 recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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