Gold production expected later this year
In the wake of oil production starting in Cambodia, the nation is also placing high hopes of becoming a gold producing country, with the first mining of the precious metal due to start later this year than originally planned.
Chea Vanyuth
https://www.khmertimeskh.com/50807498/gold-production-expected-later-this-year/
Cambodia gets $28M Oz grant for Covid vaccines
The Australian government announced on February 1 that it has provided a grant of $28 million for the rollout of Covid-19 vaccines approved by World Health Organisation (WHO) for 1.5 million Cambodians.
Mom Kunthear
https://www.phnompenhpost.com/national/cambodia-gets-28m-oz-grant-covid-vaccines
Visa: Cambodia’s 2021 transaction trends
A desire for increased security and an acute awareness of current health guidelines has generated an uptick in the use of non-cash payments, according to US multinational financial services corp Visa, as measured in its latest Consumer Payments Attitudes survey.
Jason Boken
https://www.khmertimeskh.com/50810543/visa-cambodias-2021-transaction-trends/
Developing recruitment processes key amid digital adoption: Experts
Recruitment has come a long way since its humble beginnings as printed box adverts in the local newspaper. According to global niche technology staffing company Next Venture, technology has and will continue to have the biggest impact on recruitment.
Tom Starkey
https://www.khmertimeskh.com/50809632/developing-recruitment-processes-key-amid-digital-adoption-experts/
Cash-crop exports 200K tonnes in January
Cambodia exported 203,485 tonnes of seven major cash crops last month, according to a report by the Ministry of Agriculture, Forestry and Fisheries. The ministry lists these as milled rice, natural rubber, corn, cashew nuts, peppercorn, as well as fresh bananas, chillies and mangoes.
Thou Vireak
https://www.phnompenhpost.com/business/cash-crop-exports-200k-tonnes-january
More than 600,000 migrant workers register into the system
A total of 654,864 foreign workers from Cambodia, Laos and Myanmar have registered since January 15 to screen for Covid-19 after the online registration system closed at midnight on February 13.
The Nation Thailand Staff
https://www.nationthailand.com/news/30402649?utm_source=category&utm_medium=internal_referral
Safe foods stores keep prices steady amid lockdown
A number of safe-agricultural-product specialist stores in Phnom Penh have expressed their commitment to maintain the prices of their commodities and contribute to the government’s efforts to improve people’s livelihoods during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takhmao town in Kandal
Thou Vireak
https://www.phnompenhpost.com/business/safe-foods-stores-keep-prices-steady-amid-lockdown
PPCBank pays coupon interest on second bond
South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) announced a first coupon payout to investors in its second bond despite unrest in the Cambodian economy fuelled by the spread of the Covid-19 pandemic.
May Kunmakara
https://www.phnompenhpost.com/business/ppcbank-pays-coupon-interest-second-bond
National Assembly president seeks more cooperation with Singapore, Philippines
National Assembly president Heng Samrin has encouraged the newly appointed ambassadors of two Asean nations, Singapore and the Philippines, to promote more cooperation, according to a statement released on his official Facebook page yesterday.
Sar Socheath
https://www.khmertimeskh.com/50832706/national-assembly-president-seeks-more-cooperation-with-singapore-philippines/
NGOs: Reorient mining fund provisions
OXFAM Cambodia and the NGO Affiliated Network for Social Accountability (ANSA) will jointly implement a project aimed at providing input to the government’s mineral resource development fund.
Long Kimmarita
https://www.phnompenhpost.com/national/ngos-reorient-mining-fund-provisions
CDC greenlights five projects worth $1.3B
The government on March 26 approved five new investment projects worth about $1.3 billion and expected to absorb 2,250 workers, even amid a dramatic escalation in the ASEAN member’s fight against the spread of the Covid-19 disease.
Hin Pisei
https://www.phnompenhpost.com/business/cdc-greenlights-five-projects-worth-13b
Ministry rejects report on loss of forest cover
The Ministry of Environment rejected a report from the Global Initiative Against Transnational Organised Crime which claimed that Cambodia had lost more than 50,000ha of forest cover in Prey Lang Wildlife and Preah Rokar-Chheb Wildlife Sanctuaries over an 18-year period.
Nov Sivutha
https://www.phnompenhpost.com/national/ministry-rejects-report-loss-forest-cover
MRC unveils plans to balance Mekong basin development
The Mekong River Commission (MRC) unveiled a new 10-year Basin Development Strategy (BDS) and five-year Strategic Plan (SP) to balance basin development and management to enable Mekong member countries to address emerging challenges and improve the overall state of the basin.
Lay Samean
https://www.phnompenhpost.com/national/mrc-unveils-plans-balance-mekong-basin-development
Annual reports show three pictures of financial sector’s 2020
Three prominent financial houses – Hattha Bank Plc, PRASAC Microfinance Institution (MFI) Plc and PPCBank Plc – released their annual financial reports and, in so doing, delivered a comprehensive look at how the sector in general fared over the course of pandemic-struck 2020.
Husain Haider and William Nygren
https://www.khmertimeskh.com/50834597/annual-reports-show-three-pictures-of-financial-sectors-2020/
Air base substation commissioned as hottest months near
State-run energy supplier Electricite du Cambodge (EdC) has commissioned a 115kV high-voltage substation to supply Phnom Penh residents with power as demand soars, according to its director-general Keo Rottanak.
Thou Vireak
https://www.phnompenhpost.com/business/air-base-substation-commissioned-hottest-months-near
Agriculture ministers discuss food security in Asia-Pacific
The Cambodian government, through the Ministry of Agriculture, Forestry and Fisheries, is committed to promoting agricultural diversification as part of its battle against Covid-19 in order to maintain a stable business environment and people’s livelihoods during the health crisis.
Thou Vireak
https://www.phnompenhpost.com/business/agriculture-ministers-discuss-food-security-asia-pacific
Sihanoukville port terminal construction delayed
Construction of a new container terminal of Sihanoukville Autonomous Port has been delayed to early next year due to slower-than-planned layout design, according to the management.
Hin Pisei
https://www.phnompenhpost.com/business/sihanoukville-port-terminal-construction-delayed
Requirements for the public offering of equity securities in Cambodia
Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities.
Ministry to integrate BeiDou navigation system into transport sector
The China Great Wall Industry Corporation (CGWIC) is preparing to open an office in Cambodia aimed at promoting the use of navigation satellite system in vehicles as a safety measure across the ASEAN transport sector.
Lay Samean
https://www.phnompenhpost.com/national/ministry-integrate-beidou-navigation-system-transport-sector
Tycoon Sok Bun land grab trial reaches Appeal Court
The Appeal Court yesterday heard the case of Tycoon Sok Bun and five former Koh Rong commune officials who were convicted to between five and seven years in prison each over a land grab bid between 2016 and 2019.
Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50858783/tycoon-sok-bun-land-grab-trial-reaches-appeal-court/
