News

Som Ratana

29th - September, 2023

Prakas on Decision of Minimum Wage for Workers in Garment and Textile etc. In...
The Ministry of Labour and Vocational Training issued the Prakas on Determination of Minimum Wage for Workers/ Employees in the Textile, Garment, Footwear, Travel Goods and Bag Industry for 2024 No. 283 on 29th September 2023. The Prakas states that the minimum monthly wage for workers and employees in such industries in 2024 will be as follows: – Regular worker: USD 204 – Worker under probation: USD 202

10th - September, 2023

Som Ratana Appointed to Council of Jurists: A Recognition of Expertise
We are delighted to announce that one of our dedicated team members Som Ratana has been appointed to the Council of Jurists of the Office of the Council of Minister. This appointment is a testament to their expertise and commitment to excellence in their field. Serving on the counsel is not only an honor for our staff member but also a reflection of the high regard in which our company is held. We are proud to have such a talented individual as part of our team, and we look forward to seeing the positive impact he will make in this new role.

28th - March, 2023

Sub-decree on Requirements and Procedures for Business Combinations
The Sub-decree No. 60 on Requirements and Procedures for Business Combinations was promulgated on 6th March 2023 and effective immediately. – Purpose of the Sub-decree. The purpose of the Sub-decree is to review, monitor and evaluate the impact on competition, and the Sub-decrees establishes requirements and procedures for business combinations (Article 2). – Pre-Notification and Review If the criteria set forth in the Sub-decree are satisfied, a notification must be made to the CCC (Consumer Protection, Competition and Fraud Repression Directorate General) prior to the completion of the business combination, and the business combination cannot be completed unless the CCC gives its permission (Article 4). A proposed business combination that has been notified to the CCC is subject to a ...

20th - March, 2023

Sub-decree on Management of Commercial Advertising on Products and Services
The Royal Government promulgated the Sub-decree on Management of Commercial Advertising on Products and Services on 4th November 2022. – Application of the Sub-decree The Sub-decree states that advertisements for products and services are forms and manners including audio-visual media, audio broadcasting, LED screen, website, email, newspapers, magazines flyers, packaging etc. (Article 8), and that the Sub-decree shall apply to such advertisements of products or services (Article 2). – Regulations on Description and Content of Advertisements According to the Sub-Decree, the Khmer language expressed in the Khmer language and letters. If a foreign language is used, the Khmer language shall be written above the foreign language and its font size shall be at least twice the size of the foreign ...

01st - March, 2023

Prakas on Real Estate Service Business
The Non-Banking Financial Services Authority (NBFSA) issued the Prakas on Real Estate Service Business No. 64 on 27th December 2022. According to the Prakas, the regulatory authority for real estate-related services has been changed from the Ministry of Economy and Finance to the Pawnshop Regulator (RPR) under NBFSA, and the requirements and validity period of license/certificate (reduced from 3 years to 1 year) have been changed. In addition, the contribution system has started, whereby the holder of a license/certificate is required to make an annual contribution in the amount specified in the Prakas to RPR.

03rd - October, 2022

Press Release on Changing Border Measures
The Ministry of Health issued the Press Release No. 254 on 3rd October 2022. In accordance with the Press Release, the border measures will change as follows from the date of issue: – Passengers from overseas will not be required to present a health declaration and vaccination certificate. – Body temperature will be scanned at the entry gate and officials will be on standby for passengers who display or may have symptoms.

21st - September, 2022

Prakas on Decision of Minimum Wage for Workers in Garment and Textile etc. In...
The Ministry of Labour and Vocational Training issued the Prakas on Determination of Minimum Wage for Workers/ Employees in the Textile, Garment, Footwear, Travel Goods and Bag Industry for 2023 No. 247 on 21st September 2022. The Prakas states that the minimum monthly wage for workers and employees in such industries is as follows: – Regular worker/ employee: USD 200 – Worker/ employee under probation: USD 198

24th - August, 2022

Notification on Attachments while Driving
The Ministry of Public Works and Transportation issued the Notification No. 055 on Attachments while Driving on Sunday on 5th August 2022. The Notification states that drivers of vehicles traveling on road must bring their own attachments, including: 1. Driver’s License (original) 2. Vehicle ID Card (a copy can be used, in case there is no QR Code on the card, it is necessary to confirm from the competent institution before it can be used officially) 3. Vehicle Technical Inspection Certificate (a copy can be used) 4. For commercial vehicles for transporting goods or passengers, license for those activity (a copy can be used)

18th - August, 2022

Prakas on Cooling-off Period
The Ministry of Commerce issued Prakas No. 0113 on Cooling-off Period which sets out the legal framework that enables consumers to unilaterally withdraw from a contract for the sale of goods or supply of services during the cooling-off period. This Prakas will commence to apply from 12th October 2022. In accordance with this Prakas, consumers will have the right to cancel certain transactions during the cooling-off period. On the other hand, business persons are obligated to provide information to consumers and are subject to fines for violations.

08th - July, 2022

Prakas on Commencement Date of Payment of Contribution of Social Security Sch...
Following the Joint Prakas on the Implementation of the Social Security Pension System for Persons under the Provisions of the Labour Law, dated 28th June 28 2022, the Ministry of Labour issued the Prakas on Commencement Date of Payment of Contribution of Social Security Scheme on Pension under Compulsory Contribution and Voluntary Contribution, dated 5th July 2022. The Prakas states that the payment of contribution of pension scheme will commence on 1st October 2022.