Cambodia Morning News For June 6

Cambodia Morning News For June 6
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Cambodia morning news

Western policies may slow growth
Long-term growth prospects for developing economies, including Cambodia, will continue to be undermined by a lack of investment as well as the risk of increased protectionist policies by the United States, which could hamper the growth of commodity-driven economies, according to a new report released on Sunday.
— The Phnom Penh Post

Hun Sen wins but opposition gains at pivotal poll
The opposition Cambodia National Rescue Party (CNRP) appeared to make solid gains at Sunday’s highly anticipated commune election, but the ruling Cambodian People’s Party (CPP) once again dominated the democratic contest.
– Asia Times

Rival Cambodian parties both satisfied with election results
Cambodia’s ruling and opposition parties expressed satisfaction with the results of Sunday’s local elections, in which Prime Minister Hun Sen’s ruling Cambodian People’s Party retained its dominance in most regions but lost ground to its opponents.
– The Washington Post

Immigration Official Arrested in Thailand Over Arms Cache
A Cambodian immigration officer and a Thai military officer were questioned on Monday in Thailand after dozens of guns and grenades, and thousands of rounds of ammunition, were found in a crashed pickup truck, according to a checkpoint official and Thai media reports.
– The Cambodia Daily (paywall)

Cambodia ballot hints at some political volatility ahead
Cambodia’s Prime Minister Hun Sen expects his party to win next year’s general election, despite ceding ground to the opposition in Sunday’s commune ballot.

Acleda Bank reports $28M net profit in Q1
Aceleda Bank, Cambodia’s largest bank by assets, reported a net profit of $28.39 million in first quarter this year, down slightly from $30.19 million in the same period in 2016, according to the bank’s latest financial report.
– The Phnom Penh Post

With a tenfold increase in communes won, CNRP readies for 2018
Sam Rainsy and Kem Sokha have never shied away from incredible claims about their opposition party’s popularity. If a genuine election were ever held, they have said repeatedly over the past few years, they would decimate the ruling Cambodian People’s Party.
— The Phnom Penh Post

Fresh News Results Create ‘Irregularity’ in NEC Process
A National Election Committee spokesman on Monday warned that the government-aligned website Fresh News had caused an “irregularity” by publishing unofficial election results ahead of the elections body.
— The Cambodia Daily (paywall)


Feature photo Asian Development Bank
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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