Surrogacy exit rules released, with parents required to provide yearly updates

Parents of children born to surrogate mothers in Cambodia will be required to provide the government with yearly updates of their child’s mental and physical development, according to new guidelines officially disseminated to embassies for the first time yesterday.


Train derails, injuring operator and destroying two kitchens

A train operator was injured and two villagers’ kitchens were destroyed after a Royal Railways freight train derailed after crashing into another in Preah Sihanouk province’s Stung Hav district in the early hours of yesterday morning, according to local police.


Government opens $27M emergency fund to corn farmers

The government has officially made $27 million in emergency funds, initially intended for the rice sector, available for struggling corn farmers at a 5 percent annual interest rate to help prop up low market prices and free up liquidity after farmers protested earlier this month, a state official said yesterday.


IMF urges boost to tax system

Cambodia’s economy continues to perform strongly, but the government will face rising spending pressures that need to be tackled by enhanced revenue collection through more stringent tax measures to contain near-term deficits, the International Monetary Fund (IMF) said yesterday at the conclusion of its annual Article IV consultation.


CNRP meets as new Party Law clears council

Cambodia National Rescue Party leaders yesterday summoned members from across the Kingdom instructing them how to comply with impending new laws that will see former party President Sam Rainsy scrubbed clean from their prolific billboards – but not without a hint of defiance.


Khmer Rouge tribunal gets funds, case deadline extension

Funds continue to flow for the Khmer Rouge tribunal, and the case against alleged former Khmer Rouge naval chief Meas Muth is moving forward even as the ultimate fate of the case still hangs in the balance, according to announcements made yesterday.


UN slams Australia’s choice not to accept refugees

The UN’s refugee agency has slammed Australia in a statement for reportedly informing the agency it would no longer accept refugees it had previously agreed to take in, telling the body to relocate them to the US or Cambodia instead.


Court charges trio in arms trafficking case

Three men arrested for involvement in cross-border arms smuggling were yesterday charged with weapons trafficking, the prosecutor handling the case said.


CMA issues code of conduct for local MFIs

The Cambodia Microfinance Association (CMA) issued an announcement yesterday which further attempts to distance lending institutions from the realm of politics following an aggressive push by the government earlier this year to differentiate microfinance institutions (MFIs) from state-run institutions ahead of the commune elections.


‘Recruiters’ accused of scam

Villagers from Kampot and Takeo provinces have filed complaints with police in Phnom Penh accusing a fly-by-night labour recruiting firm of tricking them into depositing $250 each with promises of well-paid work abroad, officials said yesterday.


IMF tweaks key outlooks, leaves world forecast alone

The International Monetary Fund (IMF) kept its growth forecasts for the world economy unchanged for this year and next while revising its projections on key economies, with forecasts for China and the eurozone upgraded and expectations for US growth dialled back.


Prudential Cambodia achieves major milestone with 100,000 policies issued

Company has been a key driver of insurance industry growth since its launch in 2013


US dollar used to curb inflation

Cambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and inject it into circulation, according to the regulator’s latest report.


UN officials blocked from visiting villages near dam

Police yesterday prevented representatives of the United Nations human rights office from accessing two Stung Treng villages threatened by flooding from the Lower Sesan II Dam.


Progress report given on Mondulkiri gold mine

Cambodia’s Minister of Mines and Energy Suy Sem recently met with representatives from the Australian mining firm Renaissance Minerals Cambodia Ltd to discuss the progress of the Okvau and O’Chhung gold mining projects in Mondulkiri province, state-owned news agency AKP reported on Friday.


Khmer Rouge History app to assist students

Cambodian students can set aside dusty tomes of Khmer Rouge history after the launch of a new app, which allows them to immerse themselves in photos, videos and propaganda songs that tell the story of a communist movement that irrevocably altered the nation.


Kingdom to host forum with Eurasian nations

Cambodia and the Eurasian Economic Union (EAEU), an economic block of countries that includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, will hold a business forum in Phnom Penh in early December, state-owned news agency AKP reported on Friday.


Government to return Taiwan nationals to mainland

Seven Taiwanese citizens will be deported to mainland China alongside 24 Chinese nationals despite efforts by Taiwanese officials to have them repatriated to the island, an immigration police official said yesterday.


With continued growth, Cambodia’s finance sector aims for stability

The Kingdom’s financial sector continued to expand robustly during the first half of this year with outstanding loans and deposits increasing compared to the same period last year, reflecting sustainable development and growing public confidence in the sector, according to the latest report by the central bank. However, with enlarged growth the rate of non-performing loans has also increased.


Officials seize 1 tonne of illegal logs in Battambang

Authorities in Battambang’s Samlot district on Monday confiscated over 100 logs of rosewood and luxury timber suspected to have come from an illegal logging operation in Thailand.


Business Insider: Spreading care with worker benefits

With the majority of garment and low-income workers ineligible for traditional financial services to purchase daily products like mobile phones and cooking stoves, iCare Benefits Cambodia hopes to fill in the gap by getting products to end consumers. With the Cambodian operations having recently been given a boost from a private equity fund, The Post’s Kali Kotoski sat down with Country Director Molika Meas to talk about the company’s expansion plans.


Boy dies in flooding in Preah Vihear

A boy died in Preah Vihear province yesterday after being swept away by floods caused by heavy rains that are expected to continue for at least the next two or three days, local officials said yesterday.


Decree puts riel prices into focus

The government has issued a decree that requires all businesses to put price tags on their products and services in riel to increase transparency for consumers and boost the use of the local currency.


Four accused of murdering taxi driver over ‘love triangle’

Four people were sent to the Banteay Meanchey Provincial Court yesterday on suspicions that they worked together to kill a taxi driver on Saturday over a purported love triangle.


Government clarifies exemptions for minimum tax

Nearly a year after the government announced that it would consider scrapping the controversial and burdensome 1 percent minimum tax obligation that is paid on monthly revenue flows, the Ministry of Economy and Finance has provided guidelines on how taxpayers who satisfy its accounting guidelines can obtain an exemption.


Cambodia’s Facebook crackdown: Police are monitoring site for ‘enemies’ and ‘rebel movements’

National Police are monitoring Facebook to repress attempts to create a “rebel movement against the government” through negative posts and are working to better control civil society groups that have “opposition trends” and try to cause instability in society, a semiannual police report issued yesterday says.


Bond to funnel benefits to women

An $8 million bond set to debut on Singapore’s stock exchange will mobilise private capital to support social enterprises and microfinance institutions (MFIs) in Cambodia, Vietnam and the Philippines, providing nearly half a million women in these countries with more access to credit in order to improve their livelihoods.


Suspended sentence in official’s graft case raises doubts

An official with the Council for the Development of Cambodia (CDC) was found guilty on corruption charges yesterday but will go free after the Phnom Penh Municipal Court suspended his two-year prison sentence.


Thai experts advise on halal food production

The Ministry of Commerce and Thailand’s embassy in Cambodia held a joint workshop yesterday on developing standards for local halal products and to share the experience of Thailand’s $6 billion halal food industry.