Gov’t bonds reduce foreign borrowing
Since the government, through the Ministry of Economy and Finance, started issuing sovereign bonds in September 2022, they have emerged as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development. ...
May Kunmakara
https://www.phnompenhpost.com/post-in-depth/gov-t-bonds-reduce-foreign-borrowing
Ministry of Labor and Vocational Training hosts Second Mekong Dialogue on labor mobility
The Ministry of Labor and Vocational Training hosted the second Mekong Dialogue on labor mobility on April 26, chaired by Hou Vuthy, Secretary of State of the Ministry of Labor. ...
Khmer Times Staff
https://www.khmertimeskh.com/501479178/ministry-of-labor-and-vocational-training-hosts-second-mekong-dialogue-on-labor-mobility/
Blueprint to implement agricultural reforms underway
The Ministry of Agriculture, Forestry and Fisheries (MAFF) Tuesday held a meeting with specialists in natural resources and agriculture and representatives of the Asian Development Bank (ADB) as well as the officials from the Credit Guarantee Corporation of Cambodia (CGCC) to prepare a blueprint for ...
Mom Kunthear
https://www.khmertimeskh.com/501517086/blueprint-to-implement-agricultural-reforms-underway/
Cambodian Banking and Financial Associations implement new rules to strengthen operations and consumer protection
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have introduced new regulations to enhance responsible business practices and bolster consumer protection in the country’s Banking and financial sectors. Announced on Friday, the new rules are designed to promote a sustainable ...
Khmer Times Staff
https://www.khmertimeskh.com/501543235/cambodian-banking-and-financial-associations-implement-new-rules-to-strengthen-operations-and-consumer-protection/
ADB committed to Cambodia’s skills development programme
The Asian Development Bank (ADB), a long-time development partner of Cambodia, on Wednesday reiterated its commitment to support the Royal Government’s national programme on skills development. ...
Manoj Mathew
https://www.khmertimeskh.com/501546083/adb-committed-to-cambodias-skills-development-programme/
ADB approves $93.6 million to enhance rural water and sanitation facilities in Cambodia
The Asian Development Bank (ADB) has approved a significant funding package of $93.6 million in loans and grants to improve and expand climate-resilient and inclusive rural water supply, sanitation, and hygiene (WASH) facilities across Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501551522/adb-approves-93-6-million-to-enhance-rural-water-and-sanitation-facilities-in-cambodia/
BDO expands Cambodia operations
The former country partner and staff of Grant Thornton Law and Associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. As a result, BDO Cambodia’s team will now comprise over 30 staff and partners, a ...
http://www.phnompenhpost.com/index.php/2011070550176/Business/bdo-expands-cambodia-operations.html
Block A oil partner inks finance deal
Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration ...
Aid Pledges Continue Despite CNRP Calls for Delay
Germany has pledged $64 million in aid donations to Cambodia for this year and next, amounting to a “substantial increase” over the past two years of official German assistance to the country, the German Embassy announced on Wednesday. Germany’s new aid package, the majority of which—$54 ...
Zsombor Peter
http://www.cambodiadaily.com/news/aid-pledges-continue-despite-cnrp-calls-for-delay-48718/
Hun Sen says business breeds bribes
Prime Minister Hun Sen yesterday defended his government, saying its reputation for corruption is undeserved, laying blame on the private sector for initiating the bribe process and calling out international development partners for applying double standards. Speaking at the Eighth Regional Conference of Anti-Corruption Intiative for ...
Chan Muyhong
http://phnompenhpost.com/business/hun-sen-says-business-breeds-bribes
South Korean manufacturers eye Cambodia
South Korean investors were in Phnom Penh yesterday seeking opportunities in electronics manufacturing, an industry that experts have said could represent the next stage of growth for Cambodia’s economy. Eleven delegates from Changwon City, South Korea, a manufacturing hub in the country, met with 70 local ...
Sandwiched between cultures
It was not her degree in finance and banking that encouraged Keo Sopheap to start her own business. It was her sister’s marriage to an American that introduced her to foreign fast food. Now Sopheap owns a sandwich shop in Phnom Penh. Sopheap, a Norton ...
http://www.phnompenhpost.com/index.php/2012090358438/Business/sandwiched-between-cultures.html
IFC, Deutsche Bank respond to Global Witness report
On May 13, we ran an interview with London-based NGO Global Witness accusing the Deutsche Bank and the International Finance Corporation of financing two Vietnamese rubber companies that are allegedly involved in land grabs in Cambodia and Laos. We asked both Banks for a response ...
As temperatures rise, floods to increase in Cambodia: report
Rising global temperatures could greatly exacerbate flooding in Southeast Asian countries such as Cambodia, as well as parts of Africa and South America, a new study by the University of Tokyo has found. Employing 11 different climate models, researchers found that with a mere rise ...
Melissa McMorran and Mom Kunthear
http://www.phnompenhpost.com/2013061166191/National/as-temperatures-rise-floods-to-increase-in-cambodia-report.html
Private universities fear new vocational schools
Private universities in the Kingdom will have more competition as the Education Ministry laid out plans yesterday to open more vocational schools to deal with the unprecedented number of graduating high school students. ...
Va Sonyka
http://www.khmertimeskh.com/news/14998/private-universities-fear-new-vocational-schools/
GMAC head sets clothing export goal
Cambodia is set for a 30 per cent increase in garment exports this year, according to Garment Manufacturers Association in Cambodia (GMAC) president Van Sou Ieng. The sector was heavily dependent on foreign buyers, which were increasing their orders as the global economy recovered, he ...
As Cambodia Courts US Business, Old Problems Remain
As a delegation of US business owners prepares to travel to Cambodia with US Secretary of State Hillary Clinton, analysts say they will be tough to court, given Cambodia’s lack of law enforcement. “Investors don’t bring guns, they don’t bring bodyguards—they bring money to invest,” said ...
Rated X for content: TEDxPP
The grand finale at Phnom Penh’s much-ballyhooed TEDx event on Saturday was intended to send a message. Several activists, among them Loun Savath and the son of the late Chut Wutty, would stand before an audience of 600 and read accounts of violent land disputes. Images from ...
http://www.phnompenhpost.com/index.php/2012061156729/National-news/rated-x-for-content.html
Study calls for halt to dams
A new study and accompanying short film released yesterday call for all lower Mekong dam developers to halt plans until further impact studies can be made. Hydropower dams will have a greater impact on river flows than even climate change, according to research by the University ...
Laignee Barron
http://www.phnompenhpost.com/national/study-calls-halt-dams
Rainsy eyes seat at UN rights review meeting
Opposition leader Sam Rainsy left for Europe yesterday evening to attend a UN Human Rights Council review on Cambodia in Geneva and to lobby European Union officials to take a stronger stance against the government, he said before departure. Rainsy plans on attending the Universal Periodic ...
Meas Sokchea and Kevin Ponniah
http://www.phnompenhpost.com/national/rainsy-eyes-seat-un-rights-review-meeting