Cambodia Morning News For June 8

Cambodia Morning News For June 8
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Cambodia morning news

Dollar use hurting national economy
Dollarisation in Cambodia’s economy remains very high, leading to increased local costs and reducing the appeal of the Kingdom’s exports, Chea Serey, director general of the National Bank of Cambodia (NBC), said at a business conference in Phnom Penh yesterday.
— The Phnom Penh Post

Reps suspended after garment workers go on strike over voting day pay cut
Ten union representatives were yesterday suspended from the Southland garment factory in Phnom Penh’s Por Sen Chey district after more than a thousand workers went on strike to protest the factory’s decisions about time taken off for voting in Sunday’s commune elections.
— The Phnom Penh Post

Government Spokesman Admits to NGO Scare
Interior Ministry spokesman Khieu Sopheak’s pre-election warning that some NGOs and their leaders were being watched for illegally aiding the opposition was a threat designed to frighten them, General Sopheak said on Wednesday, as civil society groups warily condemned the statements.
— The Cambodia Daily (paywall)

CPP’s political grudge? Purported memo suggests cutting funds to CNRP-aligned communes
Opposition leader Kem Sokha yesterday visited Kandal’s Sa’ang and Koh Thom districts, where his party won large at Sunday’s commune elections, mocking in a public speech a purported ruling party document that requests funding to the areas be cut “to make the people who voted for the opposition experience difficulties”.
— The Phnom Penh Post

After 1998 Deadlock, Toothless Senate Carries On
In 2001, Phay Siphan made a big mistake: He and two other ruling CPP senators publicly questioned legislation up for review on the penal code and were promptly expelled from the ruling party.
— The Cambodia Daily (paywall)

Dam resettlement site gets electricity
A new settlement for villagers displaced by the soon-to-be-finished Lower Sesan II dam in Stung Treng province was connected to the electrical grid yesterday, despite the continued refusal of more than 100 households to relocate.
— The Phnom Penh Post

JC launches new flight linking Phnom Penh with Bangkok
Cambodia-based carrier JC International Airlines launched a new direct flight between Phnom Penh and Bangkok yesterday.
— The Phnom Penh Post

Grand Twins revenue up as profits dive 81%
Listed garment manufacturer Grand Twins International generated revenue of $17.51 million during the first quarter of the year, an increase of 3.41 percent compared with the same period in 2016, it said in a filing to the Cambodia Securities Exchange yesterday.
— The Phnom Penh Post

Patience a virtue for coconuts
The Kingdom’s nascent coconut oil industry is facing a shortage of raw materials as local farmers look to make a quick profit by selling young coconuts to drink vendors rather than letting them mature and sell them to health care and cosmetics producers.
— The Phnom Penh Post

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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