Banking made more accessible
The largest bank in Cambodia, Acleda bank Plc, has extended its mobile banking and payments service to consumers without an existing banking relationship of any kind, according to a press release by global technology provider Fiserv. Established in 2010, Acleda Unity now reaches untapped consumer segments using ...
http://www.phnompenhpost.com/index.php/2012103059461/Business/banking-made-more-accessible.html
Another Korean ministry says it didn’t help envoy
South Korea’s Ministry of Justice has become the second of that nation’s ministries to deny it is working with Cambodia’s ambassador to the country, Suth Dina, to clamp down on illegal migrants and political dissent. ...
Daniel de Carteret
http://www.phnompenhpost.com/national/another-korean-ministry-says-it-didnt-help-envoy
$65 mln loan to expand microfinance
Three Thai banks have joined IFC’s $65 million syndication loan to a Cambodian microfinance institution to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women. ...
Va Sonyka
http://www.khmertimeskh.com/news/12730/business-briefs/
Bad Loans Grew in Some Banks in 2010
Nonperforming loans have increased in some banks though the number for the banking system over all has decreased 3 percent according to the National bank of Cambodia. ANZ Royal bank has seen a rise to 5.7 percent while Canadia bank rose to 6.5 percent. Other ...
Cambodia aiming for road connectivity in 2015
Cambodia says it hopes to have road connectivity to Vietnam and Thailand by 2015. The connection would be part of Asean integration, a process where Cambodia lags behind its neighbors. Six countries of the Mekong River delta have worked toward linking by road since 1998, in an ...
Khoun Theara
http://www.voacambodia.com/content/cambodia-aiming-for-road-connectivity-in-2015/1924443.html
Microsoft translation project to tackle business jargon
American software giant Microsoft announced yesterday that it would jointly implement a project with Cambodia’s Ministry of Commerce to create a translation program to simplify complex English and Khmer business terminology in order to help businesses better understand commonly used jargon. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microsoft-translation-project-tackle-business-jargon
Cambodia, South Korea commit to stronger trade relations
Prime Minister Hun Sen and his South Korean counterpart, President Moon Jae-in, on Friday agreed to work together to boost trade and investment between the two nations. On Saturday, Mr Moon left Cambodia after a three-day state visit during which he also led a delegation ...
May Kunmakara
https://www.khmertimeskh.com/50587660/cambodia-south-korea-commit-to-stronger-trade-relations/
PM backs maritime feud restraint
Vietnam and Cambodia have reaffirmed their desire to see a peaceful resolution of disputes in the South China Sea. The three-day official visit of Vietnamese Prime Minister Nguyen Xuan Phuc ended yesterday with the two sides stressing the importance of maintaining peace, stability and security ...
Ven Rathavong
http://www.khmertimeskh.com/news/37830/pm-backs-maritime-feud-restraint/
Mango exporters urged to set up hi-tech packaging plants
Ngin Chhay, the director-general of the General Directorate of Agriculture at the Ministry of Agriculture, Forestry and Fisheries, on Thursday urged the private sector to set up more mango packaging plants that comply with South Korea and China’s hygiene and quality standards. ...
Thou Vireak
https://www.phnompenhpost.com/business/mango-exporters-urged-set-hi-tech-packaging-plants
Lotteria opens first store in Cambodia
South Korean fast food restaurant Lotteria opened its first outlet in Phnom Penh on June 30. Situated inside the Aeon Mall, the restaurant is focusing on chicken and beef dishes, reflecting Cambodian tastes, including a general avoidance of pork. ...
The Korea Herald News Staff
http://www.koreaherald.com/view.php?ud=20140708001136
Cambodia hedges its bets as sea tensions rise
As Ashton Carter toured Asia this week amid rising tensions over the South China Sea, Cambodia once again backed China’s position in the dispute, warning that recent remarks by the U.S. defense secretary were “provocative” and threatened the very peace the U.S. claims to be ...
Simon Henderson
https://www.cambodiadaily.com/news/cambodia-hedges-its-bets-as-sea-tensions-rise-84954/
Cambodia, South Korea to implement Busan agreements
Cambodia and South Korea yesterday discussed accelerating the implementation of agreements to attract more investment signed during a summit in Busan last month. Cambodian Foreign Affairs Minister Prak Sokhonn met yesterday with newly-appointed South Korean ambassador to Cambodia Park Heung-kyoeng. “Both partners agreed to strengthen bilateral trade ...
Sun Mesa
https://www.khmertimeskh.com/50673093/cambodia-south-korea-to-implement-busan-agreements
Cambodia, RoK to sign FTA soon
The Republic of Korea has said that it has made further progress in fleshing out details for the planned free trade agreement (FTA) with Cambodia as Seoul seeks to broaden economic ties with Southeast Asian nations and diversify its export portfolio. ...
Khmer Times Staff
https://www.khmertimeskh.com/50733332/cambodia-rok-to-sign-fta-soon-2/
South Korea offers further assistance in Covid-19 battle
The South Korean government has provided further assistance worth $350,000 to help the Cambodian Ministry of Health in the ongoing fight against Covid-19. ...
Mom Kunthear
https://www.phnompenhpost.com/national/south-korea-offers-further-assistance-covid-19-battle
S Korea assists to build Digital Gov’t Co-op Centre
A digital government cooperation centre is in the works to help Cambodia reform its public service delivery as well as to revolutionise its administration system as a whole with assistance from the South Korean government. ...
Tin Sokhavuth
https://www.khmertimeskh.com/50893314/s-korea-assists-to-build-digital-govt-co-op-centre/
South Korea FTA set to be signed Oct 26
The Cambodia-South Korea Free Trade Agreement (CKFTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official. ...
May Kunmakara
https://www.phnompenhpost.com/business/south-korea-fta-set-be-signed-oct-26
South Korea to help build bridge linking Phnom Penh and Areyksat
South Korea is helping Cambodia build a bridge crossing the Mekong River that will connect Phnom Penh to the Areyksat area. ...
Tin Sokhavuth
https://www.khmertimeskh.com/50999929/south-korea-to-help-build-bridge-linking-phnom-penh-and-areyksat/
Lots of buzz as South Korea FTA edges closer
The Cambodia-Korea Free Trade Agreement (CKFTA) is set to enter into force 60 days after the Kingdom’s Ministry of Commerce and South Korean counterpart have notified each other that their respective internal procedures have been completed, as affirmed by ministry spokesman Pen Sovicheat. ...
Hom Phanet
https://www.phnompenhpost.com/business/lots-buzz-south-korea-fta-edges-closer
Cambodia-South Korea Free Trade Agreement: Increasing potential for downstream sectors
The Cambodia-South Korea Free Trade Agreement can help boost Cambodian exports of garments, textiles, and footwear to South Korea. ...
Khmer Times Staff
https://www.khmertimeskh.com/501082487/cambodia-south-korea-free-trade-agreement-increasing-potential-for-downstream-sectors/
Cambodia-South Korea Free Trade Agreement: Increasing potential for downstream sectors
The Cambodia-South Korea Free Trade Agreement can help boost Cambodian exports of garments, textiles, and footwear to South Korea. ...
Khmer Times Staff
https://www.khmertimeskh.com/501082487/cambodia-south-korea-free-trade-agreement-increasing-potential-for-downstream-sectors/