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PETALING JAYA: The Garment Manufacturers Association in Cambodia (GMAC) has urged the European Commission (EC) to reinstate Cambodia’s full EBA right. In a statement released to The Star on Wednesday (Feb 19), GMAC said it is disappointed with the EU decision on Feb 12 to partially suspend the "Everything But Arms" (EBA) trade programme for Cambodia.
PHNOM PENH, Sept 28 (The Phnom Penh Post/ANN): The Garment Manufacturers Association in Cambodia (GMAC) has filed a complaint with the European Court of Justice, requesting that the EU’s 20 per cent withdrawal of the Everything But Arms (EBA) scheme be annulled.
PHNOM PENH, Feb 13 (The Phnom Penh Post/ANN) -- The EU Commission on Wednesday announced the partial withdrawal of the Everything But Arms (EBA) scheme, citing a serious and systematic violation by Cambodia of principles in the four core human and labour rights.
MILAN (Reuters) - The European Commission is investigating the extent to which EU rules on crypto assets protect the redemption rights of the bloc's investors in identical e-money tokens (EMTs), the value of which is pegged to that of a single official currency.
Brussels: In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect environmental and social risks in mandatory, industrywide buffers.
LONDON (Reuters) - The European Union's banking watchdog set out proposals on Wednesday requiring that from June issuers of stablecoins backed by currencies to have sufficient funds to fully redeem investors.
Cambodian Prime Minister Hun Sen reiterated that the EU’s partial suspension of its ‘Everything But Arms’ (EBA) trade scheme did not significantly hinder the country’s exports to the bloc.
Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new environmental, social and governance (ESG) requirements enforced by their watchdog.
In a landmark moment for Cambodia, the UN General Assembly adopted a resolution later last week confirming the graduation of Cambodia from the Least Developed Countries (LDC) category in 2029 along with the African country Senegal.
Europe’s banks are asking investors not to pay too much attention to a new green metric due to be published in in the coming weeks, as early estimates show the industry woefully behind where it needs to be.
LONDON (Reuters) - The European Union's banking watchdog urged stablecoin issuers on Wednesday to voluntarily comply with 'guiding principles' on managing risks and protecting consumers ahead of mandatory rules due in a year's time.
The European Union is assessing human and labour rights in Myanmar, a European Commission spokesperson said, leaving the door open to a possible change to the trade preferences it accords to the country.
LONDON (Reuters) - Some European Union banks are shutting out asylum seekers and other types of customers in mishandled efforts to comply with anti-money laundering rules, the bloc's banking watchdog said.
PHNOM PENH: The Cambodian government has shown its determination to lead the country out of its Least Developed Country (LDC) status by 2029, despite knowing that this graduation could result in several negative impacts, such as the loss of preferential tariffs and stricter rules of origin for goods.
PHNOM PENH, Aug 17 (The Phnom Penh Post/ANN): Senior officials from the Cambodian central government have announced that the government is prioritising its fight against Covid-19 over the EU’s withdrawal of its ‘Everything But Arms’ (EBA) scheme.
LONDON (Reuters) - Banks' increasing dependence on 'RegTech' technology to automate fraud checks and send data to regulators may need common rules to encourage wider use, the European Union's banking watchdog said on Tuesday.
The European Central Bank (ECB) wants finance executives to know they’ll be held to account for the industry’s continued failure to adequately manage climate and environmental risks.According to Frank Elderson, executive board member of the ECB, the environmental, social and governance (ESG) risk building in some bank books “increasingly calls into question the fitness and propriety” of the executives in charge.
CAMBODIA, Jan 13, The Phnon Penh Post/ANN -- Views on Cambodia’s economic and political outlook for this year have been mixed as the possible loss of the EU’s Everything But Arms (EBA) scheme in February looms.
PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic.
