Thai financial major Krungsri buys out Cambodian micro-lender HKL
Bank of Ayudhya Pcl (Krungsri), Thailand’s fifth largest financial group and a subsidiary of Japan’s leading financial group Mitsubishi UFJ Financial Group, has acquired a 100-per-cent stake of Hattha Kaksekar Limited (HKL), one of the leading microfinance institutions in Cambodia, for an undisclosed amount. ...
Chalida Ekvitthayavechnukul
http://www.dealstreetasia.com/stories/krungsri-acquires-cambodian-micro-financial-group-hkl-28704/
Thai princess to visit Kingdom next week
Thai Princess Maha Chakri Sirindhorn will travel to Cambodia for a three-day official visit next week, where she will meet with King Norodom Sihamoni, Prime Minister Hun Sen and attend multiple groundbreaking ceremonies at schools in Kampong Speu and Kampong Thom provinces, according to a ...
Ros Chanveasna
http://www.khmertimeskh.com/news/21417/thai-princess-to-visit-kingdom-next-week/
Rain and storms coming, says committee
More than 1,200 houses and buildings were affected and more than 70 people died or were injured by rainstorms and lightning in the first four months of 2016, according to Keo Vy, Cabinet director and a spokesman for the National Committee for Disaster Management (NCDM). ...
Mom Kunthear
http://www.khmertimeskh.com/news/24486/rain-and-storms-coming--says-committee/
Cargo projections fall short at capital port
Phnom Penh Autonomous Port (PPAP), which operates the capital’s river port, reported a decline in container traffic during the first quarter of the year, raising questions about the newly listed company’s ability to meet its double-digit revenue and earnings projections – though analysts say it ...
Cam McGrath
http://www.phnompenhpost.com/business/cargo-projections-fall-short-capital-port
Export cassava to Thailand, says ministry
Cambodia’s cassava growers have been asked to target Thailand as an export market due to the high demand for the starch-tuber in the neighboring country to produce ethanol, animal feed and flour, while little is done at home to stabilize prices and provide assistance to ...
Chea Vannak
http://www.khmertimeskh.com/news/26425/export-cassava-to-thailand--says-ministry/
IMF sees rapid credit growth as main risk to economy
Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the ...
Cam McGrath
http://www.phnompenhpost.com/business/imf-sees-rapid-credit-growth-main-risk-economy
CRF wants to track rice loans
The Cambodia Rice Federation (CRF) has submitted a proposal to the government for the setting up of a joint executive financial committee to ensure that the $27 million emergency loan to rice millers to purchase paddy rice from farmers, in a bid to prevent rice ...
Sok Chan
http://www.khmertimeskh.com/news/30381/crf-wants-to-track-rice-loans/
Cambodian villagers ask for missing compensation for confiscated land
Eighteen Cambodian families whose land was confiscated for the construction of a Chinese hydropower dam in a northwestern province on Thursday requested that the local government and Chinese operator of the facility pay them compensation they are owed, said a local resident and an official ...
Morm Moniroth
http://www.rfa.org/english/news/cambodia/villagers-ask-for-missing-compensation-for-confiscated-land-09172015152530.html
Dumpsite at Samlot still awaits green light
Doubts have been cast on long-standing plans for a 34-hectare dumpsite in Pailin’s Samlot Protected Forest following an inspection by the environment minister on Saturday. Ministry spokesman Sao Sopheap yesterday said that following the inspection, the minister has called for further research before the project ...
Phak Seangly
http://www.phnompenhpost.com/national/dumpsite-samlot-still-awaits-green-light
Mass fainting hits Cerie garment factory again
A mass fainting incident occurred again yesterday at a Chinese-owned garment factory that supplies nighties, bras and children’s clothing to North American retail chain Hudson Bay, with more than 60 workers collapsing at the factory in Kampong Speu’s Samrong Tong district, after about 40 collapsed ...
Mom Kunthear
http://www.khmertimeskh.com/news/18487/mass-fainting-hits-cerie-garment-factory-again/
ACU chief slams global fund over bribe case
Cambodia’s corruption czar was again on the defensive on Tuesday about the government’s controversial decision not to prosecute the former head of the National Malaria Center over revelations that he took hundreds of thousands of dollars in bribes to secure million-dollar mosquito net contracts for ...
Zsombor Peter and Kuch Naren
https://www.cambodiadaily.com/news/acu-chief-slams-global-fund-over-bribe-case-102456/
Drawdown of troops at Preah Vihear
Cambodia is quietly reducing troop numbers on the contentious shared border with Thailand in Preah Vihear province.Citing the current good relations with the Kingdom’s western neighbour, Ministry of Defence spokesman Chhum Socheath yesterday said members of three units had been ordered to leave the border ...
Vong Sokheng and Shaun Turton
http://www.phnompenhpost.com/national/drawdown-troops-preah-vihear
Cambodia ready for aviation audit
Cambodia’s State Secretary of Civil Aviation (SSCA) says it is ready to comply with an audit from the United Nations’ International Civil Aviation Organization (ICAO) after having fared poorly during the last two inspections in 2007 and 2009. ...
Sok Chan
http://www.khmertimeskh.com/news/18956/---cambodia-ready-for-aviation-audit---/
City hall to add 600 security cameras throughout the capital
Despite a slew of global investment banks slashing their oil price forecasts this week, KrisEnergy —the Singaporean oil and gas firm with a controlling stake in Cambodia’s most promising offshore oil reserve, Block A—remains committed to helping Cambodia produce its first drop of oil, a ...
Tej Parikh
https://www.cambodiadaily.com/news/krisenergy-committed-to-cambodias-block-a-105341/
PM pledges 1m hectares of ELC land to poor
Prime Minister Hun Sen on Thursday declared an end to the government’s review of Cambodia’s economic land concessions (ELCs), pledging that nearly 1 million hectares of reappropriated property would be handed over to poor families. He also announced a major reorganization of the two ministries ...
Kuch Naren
https://www.cambodiadaily.com/news/pm-pledges-1m-hectares-of-elc-land-to-poor-109007/
ANZ Ceo leaves on note of caution
The outgoing CEO of ANZ Royal Bank is leaving with a note of caution about the swift growth of lending in Cambodia, while noting that the banking sector had become much more competitive and technologically advanced during his four-year tenure at the helm of one ...
May Kunmakara
http://www.khmertimeskh.com/news/21902/anz-ceo-leaves-on-note-of-caution/
UN envoy meets with Sesan villagers to discuss dam site
The U.N.’s human rights envoy to Cambodia on Sunday promised villagers in Stung Treng province who are set to be displaced by the construction of the Lower Sesan 2 hydropower dam that she would raise their plight with the government, a village representative said. ...
Ben Sokhean
https://www.cambodiadaily.com/news/un-envoy-meets-with-sesan-villagers-to-discuss-dam-site-110475/
City hall to add 5,000 signs to cut accident rate
Phnom Penh City Hall started installing 5,000 new road safety signs around the capital on Monday in an attempt to reduce accidents, according to officials. Phnom Penh Governor Pa Socheatevong took to Facebook yesterday, writing that a total of 615 signs had been installed along Norodom, ...
Mom Kunthear
http://www.khmertimeskh.com/news/26897/city-hall-to-add-5-000-signs-to-cut-accident-rate/
Child allegedly beaten at Prey Speu
Officials at the Prey Speu Social Affairs Center in Phnom Penh’s Por Senchey district are scrambling to deflect criticism after reports surfaced that a young boy and a man were beaten and injured there, with the director of the center saying the boy injured himself ...
Mom Kunthear
http://www.khmertimeskh.com/news/27112/child-allegedly-beaten-at-prey-speu/
Ministry announces ELC tax revenue
The Ministry of Agriculture, Forestry and Fisheries said by the end of the first half of this year, it had collected about $600,000 in taxes from economic land concessions (ELCs) from 21 of the 223 private companies that received ELCs from the government, according to ...
May Titthara
http://www.khmertimeskh.com/news/27701/ministry-announces-elc-tax-revenue/