MORNING NEWS BRIEF [July 12, 2021]

MORNING NEWS BRIEF [July 12, 2021]

MORNING NEWS BRIEF [July 12, 2021] 150 150 Cambodia Development Center
HOT NEWS
  1. The G20 countries agreed to push for significant international tax proposals backed by the U.S. to crack down on tax havens and evasions by multinational companies. Source: Al Jazeera
  2. The UAE is set to open up their embassy in Israel as Israel operated their embassy in the Emirati capital after the normalization deal with the U.S. as the broker. Source: Sputnik
  3. The U.S.’s inter-agency team headed down to Haiti to provide assistance in the investigation process of Haitian President’s assassination as the U.S. rebuffed Haiti’s request for troops. Source: Reuters
WORLD
  1. Biden urged Putin to act against ransomware groups emanated from Russia, warning that the U.S. will respond via digital retaliation if cyberattacks continue. Source: France 24
  2. Afghanistan urged the EU bloc to halt their force deportation of Afghan migrants for the next three months as the security forces are fighting against Taliban offensive. Source: CNA
  3. Taliban officials claimed that they have controlled 85 percent of Afghanistan’s territory and continued to capture important grounds as foreign troops withdraw from the country. Source: ABC News
REGIONS
  1. The Biden administration backed Trump’s rejections of all China’s significant maritime claims in the SCS and warned to take actions against any attacks on the Philippines. Source: US News
  2. Chinese and North Korean leaders pledged to further strengthen the two countries’ mutual ties as they celebrated the 60th anniversary of the two nations’ defense treaty. Source: AP
  3. North Korean Foreign Ministry accused the U.S. of using humanitarian aid as the tool to interfere with other countries’ internal affairs by linking to human rights concerns. Source: KBS World Radio
CAMBODIA
  1. The Council of Ministers confirmed that the ASEAN Tourism Forum 2022 that was slated to host in Phnom Penh will be moved to Sihanoukville in January next year. Source: The Phnom Penh Post
  2. The Council of Ministers approved the draft of the new investment law which was designed to attract more investment and expected to supersede the current investment law. Source: Khmer Times
  3. The MoC urged Cambodian companies and enterprises to showcase their products and services for promoting and networking with Chinese companies in the 18th CAEXPO. Source: The Phnom Penh Post