Laos looks to balance China’s growing economic influence
China’s growing influence in Laos, marked by expanded investment and trade, has led some international agencies to warn Laos about an unhealthy financial dependence on China. Analysts say Laos is looking to balance China’s influence by drawing support from longstanding backer Vietnam as well as ...
Ron Corben
http://bit.ly/1QyDHM5
RCEP trade pact takes effect in South Korea
The mega free trade pact of the Regional Comprehensive Economic Partnership took effect in South Korea on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501018289/rcep-trade-pact-takes-effect-in-south-korea/
Education ministry set to host ASEAN socio-cultural community meetings
The Cambodian Ministry of Education, Youth and Sport, which represents the the ASEAN Socio-Cultural Community (ASCC) this year, will organise three key virtual meetings on March 28-30. ...
Mom Kunthear
https://www.phnompenhpost.com/national/education-ministry-set-host-asean-socio-cultural-community-meetings
Cambodia calls for strengthening ASEAN’s solidarity
Cambodia’s Foreign Minister Prak Sokhonn said here on Tuesday that the Association of Southeast Asian Nations (ASEAN) needs to strengthen its centrality, unity, and solidarity to address key challenges for the sake of regional and global peace, security, and sustainable development. Cambodia is the chair ...
Khmer Times Staff
https://www.khmertimeskh.com/501085856/cambodia-calls-for-strengthening-aseans-solidarity/
RoK to continue supporting Cambodia’s commitment to achieving development goals
The Republic of Korea (RoK) will continue to support Cambodia to achieve its strategic goal of becoming a high-income economy by 2050. ...
Khmer Times Staff
https://www.khmertimeskh.com/501357449/rok-to-continue-supporting-cambodias-commitment-to-achieving-development-goals/
Korean first lady paves way for ill boy’s surgery
A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many ...
Long Kimmarita
https://www.phnompenhpost.com/national/korean-first-lady-paves-way-ill-boys-surgery
Cambodia proposes exclusive Special Economic Zone for Korean Firms to boost investment
Cambodian Prime Minister Hun Manet raised two initiatives to promote trade and investment of Korean investors in Cambodia. The premier spoke at the opening ceremony of the Cambodia-Republic of Korea Business Forum on 16 May 2024 in Seoul, South Korea. ...
Khmer Times Staff
https://www.khmertimeskh.com/501490362/cambodia-proposes-exclusive-special-economic-zone-for-korean-firms-to-boost-investment/
Bakong system blazes digital-money trail
Cambodia, along with China and South Korea, has among the 10 most mature retail central bank digital currencies (CBDC). ...
May Kunmakara
https://www.phnompenhpost.com/business/bakong-system-blazes-digital-money-trail
Sathapana Bank proceeds with logo change
Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private Bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a Bank executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-proceeds-logo-change
Report shows workforce still lacks skills
Cambodia lacks the skilled labor force necessary to advance the economy and the government must find ways to create more valuable work as it faces fierce regional and international competition, according to a new report released Thursday by the World Bank. The report, “East Asia Pacific ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/report-shows-workforce-still-lacks-skills-58432/
Cambodia's small firms to gain better access to bank financing
The Asian Development Bank (ADB) today signed a $75 million senior loan with Cambodia’s largest Bank, ACLEDA Bank Plc, to address the rising financing requirements of micro-, small-, and medium-sized enterprises (MSMEs) in the country. ...
Asian Development Bank (ADB)
NBC: Financial institutions in H1 restructure $5.5 billion in loans
The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National bank ...
Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans
Cambodia to generate 10.2 million jobs by 2026
With the employment rate growing on an average of 2.5 percent annually, the nation will create additional jobs for about 235,000 people per year, increasing the opportunities to approximately 10.2 million in the next three years. ...
Nhean Chamrong
https://www.khmertimeskh.com/501438762/cambodia-to-generate-10-2-million-jobs-by-2026/
Resilience and innovation in banking sector highlighted at conference
The 2024 Cambodia Banking Conference, held in Phnom Penh from August 22-23, brought together industry leaders, policymakers and international partners to discuss the future of the country’s Banking sector in the face of global economic challenges. ...
Hong Raksmey
https://www.phnompenhpost.com/business/resilience-and-innovation-in-banking-sector-highlighted-at-conference
Mental health of trafficking victims overlooked
Survivors of human trafficking in South-East Asia require better access to health services, especially related to mental health, a study says. ...
Mike Ives
http://www.scidev.net/asia-pacific/vulnerability/news/mental-health-trafficking-victims-1.html
Satellite data suggests forest loss is accelerating
Satellite images suggest tropical forests from the Amazon to the Philippines are disappearing at a far more rapid pace than previously thought, a University of Maryland team of forest researchers say. Tropical Asia showed the second largest increase in deforestation with 0.8 million hectares (about ...
Kyle Plantz
http://uk.reuters.com/article/2015/03/02/us-forest-satellites-idUKKBN0LY1M720150302
Business concept competition a success
A business concept competition between university students from Cambodia, Japan and Myanmar that provided the perfect opportunity for improving business plans and networking with business people yesterday was won by one of Cambodia’s own. Lay Huy Huoy, a second-year student at Cambodian Mekong university majoring in business and ...
Psychology department sees decrease in students
The Royal University of Phnom Penh’s department of psychology has seen a decrease in students and its dean has blamed a lack of human resources and decreased interest in the subject. Phan Chan Pov, dean of the psychology department at the University, said there are ...
Sen David
https://www.khmertimeskh.com/50544908/psychology-department-sees-decrease-in-students-2/
RCAF officers jailed over university scam
Two officers with the Royal Cambodian Armed Forces were sentenced to one year each in prison for accepting bribes to secure positions for three men in the government’s National Defence University (NDU) in 2013. ...
Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/rcaf-officers-jailed-over-university-scam
More universities needed in provincial areas: PM
Speaking at the inauguration of the Heng Samrin Tbong Khmum University yesterday, Prime Minister Hun Sen called for a program to establish universities in all provinces, saying that the creation of more institutions of higher learning would improve access to education outside of the capital. ...
Pech Sotheary and Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/more-universities-needed-provincial-areas-pm