Cambodia Morning News For November 23

Old Tricks at Play in Cambodia’s New Repression
Cambodia’s descent into the ranks of the world’s less savory countries appears all but complete with the dissolution of the main opposition party marked by a diplomatic twist toward Russia and the prospect of U.S. and European-imposed sanctions.
— The Diplomat

Royal Academy of Cambodia director says CNRP’s dissolution a boon to democracy
The Royal Academy of Cambodia director and representatives of smaller parties have hailed the dissolution of the opposition Cambodia National Rescue Party (CNRP) by the Supreme Court a boon to democracy in the kingdom, The Phnom Penh Post Online reported on Wednesday (Nov 22).
— Thai PBS

World Bank sees no slowing in Cambodia’s strong growth
Cambodia’s economy is forecast to grow 6.9% next year, compared with a projected 6.8% pace in 2017, despite risks including uncertainties over next year’s election, the World Bank said on Wednesday.
— Bangkok Post

Ministry breaks ground on $950K ADB project
The Ministry of Tourism held a groundbreaking ceremony yesterday for a $950,000 Asian Development Bank (ADB) funded environmental infrastructure project that will rehabilitate the area around Kep province’s renowned crab market, a government official said.
— The Phnom Penh Post

Private sector worried over universal wage law
The private sector is concerned that the newly proposed universal minimum wage law, which is reportedly being drafted by the government and comes on the heels of numerous new labour regulations, has created a climate of uncertainty, according to an industry expert.
— The Phnom Penh Post

Me Infinity sends Iceberg to Cambodia
Supplement maker Me Infinity Thailand is betting its entry into the Cambodian market with an energy drink can double the company’s revenue after a few lean years in the local market.
— Bangkok Post

US renews grant for clearing bombs in Cambodia
The United States on Wednesday opened a $2 million tender to help clear unexploded bombs in Cambodia weeks after the government’s mine clearance agency said its US funding had been stopped.
— Daily Times

China Supports Cambodia’s Latest Action
China supported Cambodia to accomplish its substainablity and development path, and agreed with the Royal Government of Cambodia on the dissolution of Cambodia National Rescue Party (CNRP), said Kao Kimhourn, minister attached to the Prime Minister.
— Fresh News

Anti-fraud software firm draws major clients
A year after a local technology company introduced new software to combat financial crime in Cambodia, four banks have started using the system to fight against money laundering and terrorism financing, the company’s executive said yesterday.
— The Phnom Penh Post

Regus opens its second biz centre
Global workspace provider Regus officially opened its second business centre in Phnom Penh yesterday with the aim of offering flexible office solutions for the growing number of Cambodian and global professionals.
— The Phnom Penh Post

Feature photo World Bank/Chor Sokunthea
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