2nd phase of business registration system up
The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”. ...
Thou Vireak
https://www.phnompenhpost.com/business/2nd-phase-business-registration-system
World Bank project advances despite occupying indigenous burial grounds
Indigenous Bunong people from Roya Leu village offered rice wine and pork to a shrine, asking forest spirits to protect their land from the World Bank. ...
Andrew Califf, Sovann Sreypich, and Eung Sea
https://cambojanews.com/world-bank-project-advances-despite-occupying-indigenous-burial-grounds/
IMF cuts world growth outlook as ‘debt stress’ rises: researcher
Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher
Bakong system lends a hand to promote riel usage
The Bakong system, the interbank transaction platform of the country launched by the National bank of Cambodia (NBC), has helped with the de-dollarization efforts of the central bank through payments using KHQR and also by promoting cross-border payments. ...
Manoj Mathew
https://www.khmertimeskh.com/501275493/bakong-system-lends-a-hand-to-promote-riel-usage-2/
Loans offered to struggling tourism Siem Reap businesses
The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...
Yatt Malai
https://kiripost.com/stories/loans-offered-to-struggling-tourism-siem-reap-businesses
Ministry of Women’s Affairs and National Bank of Cambodia receive the Global Summit of Women 2024 Roundtable Ministerial Award
The Ministry of Women’s Affairs and the National Bank of Cambodia have received the Global Summit of Women 2024 Roundtable Ministerial Award on “projects that have a positive impact on women and girls” through the use of the payment system “Bakong” from the World Women’s ...
Khmer Times Staff
https://www.khmertimeskh.com/501487559/ministry-of-womens-affairs-and-national-bank-of-cambodia-receive-the-global-summit-of-women-2024-roundtable-ministerial-award/
NBC, ministry join hands for women’s financial upliftment
The National Bank of Cambodia (NBC) signed a key agreement with the Ministry of Women’s Affairs on Monday in Phnom Penh for the upliftment of women in financial matters. ...
Jigmee Palden Pazo
https://www.khmertimeskh.com/501496418/nbc-ministry-join-hands-for-womens-financial-upliftment/
Food Imports See Big Jump
CAMBODIA’S total food and beverage imports jumped 28 percent year-on-year through June to US$74 million, as domestic demand continued to outpace the Kingdom’s production capacity. The demand comes as Cambodia’s economy regains momentum following the global financial crisis, said officials at the Ministry of Commerce, ...
http://www.phnompenhpost.com/index.php/2011082351201/Business/food-imports-see-big-jump.html
Appeal Begins in Cambodia-Related Fraud Case
An appeal hearing in South Korea involving the CEOs behind two major property projects in Cambodia involved in a massive fraud scandal is scheduled to begin today, an official at the court in Seoul said. In February, a Seoul court sentenced a raft of executives of ...
Japanese grants set to aid local farmers
The Japanese government has provided $118,996 for constructing a cassava propagation and distribution centre in Battambang province. The fund comes in response to the recent challenges facing farmers in the province who are facing a shortage of cassava trees to plant. Kumamaru Yuji, Japanese ambassador to ...
http://www.phnompenhpost.com/2013032864733/Business/japanese-grants-set-to-aid-local-farmers.html
Cambodia Factories Grapple With Issue of Underage Workers
SIHANOUKVILLE, Cambodia—In this quiet beach town, Lim Loeung says she spends up to 80 hours a week gluing soles onto shoes at a factory that does work for companies including Japanese sneaker-maker Asics Corp. 7936.TO +0.95% The factory believes Ms. Lim is at least 18 ...
Kate O' Keeffe
http://online.wsj.com/news/articles/SB10001424052702303799404579287353595133592
A recipe for disaster
Small plastic packets filled with a mix of pills of various sizes, shapes and colours sit piled on the counter of a pharmacy in Phnom Penh’s Meanchey district, home to several large garment factories. At 2,000 riel a pop, about 50 cents, these packs are sold ...
Kevin Ponniah and Sen David
http://www.phnompenhpost.com/national/recipe-disaster
Land Titles Needed to Drive Investment in Agriculture
The issue of using land titles to encourage banks to boost their lending to the agriculture sector was raised at the “Empower Your Business: Riding on Cambodia’s Growth” seminar in Phnom Penh on July 21. “Seventy percent of the population is undertaking agriculture as their ...
Japanese Bank and Cambodian MFI Join Forces
Maruhan Japan Bank and Seilanithih microfinance institution announced this month they are forming a business alliance through which they will work together for mutual benefit and to provide Banking opportunities for Cambodia “By joining forces with us, Seilanithih will be able to expand the size of ...
National Bank Governor’s Daughter Named New Director-General
Chea Serey, the daughter of National Bank Governor Chea Chanto, has been promoted to director-general of the central Bank, she confirmed this week. Ms. Serey will replace Nguon Sokha, who said that she left the National Bank about a month ago after being appointed as a ...
Colin Meyn
http://www.cambodiadaily.com/business/national-bank-governors-daughter-named-new-director-general-48069/
Hun Sen: Kingdom’s economy to grow 7.1%
Cambodia’s economic growth is projected at 7.1 per cent this year or about $24 billion thanks to the good performance of the industrial sector that is creating strong domestic revenue. Speaking at the graduation ceremony of Cambodia University of Specialties on Wednesday, Prime Minister Hun ...
Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-kingdoms-economy-grow-71
International Tourists Up 13.4 Percent
The number of visitors arriving in Cambodia in the first six months of this year has increased 13.4 percent to 1,385,029, compared to the same period in 2010, Kong Sophearak, director of the statistics department at the Ministry of Tourism, said yesterday. The largest influx ...
Cambodia's Trade With South Korea Increasing
Trade between Cambodia and South Korea has risen by almost 40 percent in 2012, a South Korean trade official said. Ki Bong-moon manager of the trade and investment unit at the intergovernmental body the Asean-Korea Centre, said in an email on Sunday that trade between ...
Hospitality sector booked out for Lunar New Year
When Chinese and Vietnamese tourists will flock into Cambodia’s Siem Reap province for Lunar New Year, heightened demand for accommodation may make things tough, insiders say. Ang Kim Eang, president of the Cambodian Association of Travel Agents, said that while many Chinese and Vietnamese tourists will ...
International interest in Cambodian sugar
Sweet news for Cambodian palm-sugar farmers: 10 international companies are keen to import their produce, one of the Kingdom’s signature products. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said that after an exhibition in South Korea earlier this month, several international importers ...