Worker Shortage Biggest Threat to Economy
A shortage of workers, particularly those with skills, is the biggest threat to economic growth in Cambodia today, Sok Chenda, secretary general of the Council for the Development of Cambodia (CDC), said yesterday. Speaking at the Greater Mekong Subregion Investment Policy Forum organized by the Organization ...
Water Ministry to implement two mega projects
The Water Resources Ministry and the Asian Development Bank in Cambodia will implement two mega projects totalling $380 million to improve water management in the Kingdom this year. According to a ministry statement, ADB Cambodia’s country director Sunniya Durrani-Jama met Water Resources Minister Lim Kean ...
Pech Sotheary
https://www.khmertimeskh.com/50575344/water-ministry-to-implement-two-mega-projects/
Kingdom’s economy set to slow despite robust growth
The Cambodian economy is projected to slow slightly this year compared to last year, despite robust growth of around seven per cent, an Asian Development Bank (ADB) report released on Wednesday said. ADB said economic expansion last year hit 7.3 per cent on the back ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdoms-economy-set-slow-despite-robust-growth
Ministry sees strong growth for Kingdom
Cambodia should continue to see steady economic growth at about 7 percent this year despite potential investor caution that could arise ahead of July’s national election, officials from the Ministry of Economy and Finance (MEF) said on Wednesday. ...
Hor Kimsay
https://www.phnompenhpost.com/business/ministry-sees-strong-growth-kingdom
Fishing communities given 100 motorboats
The Ministry of Agriculture, Forestry and Fisheries has provided 50 communities in Kratie and Stung Treng provinces with 100 motorboats from the World Bank to strengthen preservation and combat fisheries crimes. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/fishing-communities-given-100-motorboats
Chinese Credit Cache
Prime Minister Hun Sen has returned home from his trip to China a wealthier leader having secured upwards of US$2.5 billion in Chinese investment and loans over the next year alone, officials from the Ministry of Foreign Affairs said yesterday. The package includes a $2 billion ...
Germany's finance firm lends 10 mln USD to Cambodian microfinance institution
German Investment and Development Corporation (DEG) on Thursday signed to lend 10 million U.S. dollars to a leading Cambodian microfinance institution Hattha Kaksekar. The loan deal was inked here between Herbert Jaeger, Vice President of DEG Representative Office in Bangkok, and Hout Ieng Tong, President and ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/09/c_133032485.htm
Aeon MFI to expand in Cambodia
Aeon Microfinance (Cambodia) plans to expand its branches in Cambodia this year and also diversify its products from the current base after two years of operating in the Kingdom, officials with the company say. Until now, the microfinance institution (MFI) – which is part of the ...
Hor Kimsay
http://www.phnompenhpost.com/business/aeon-mfi-expand-cambodia
Electricity provider to offer Wing payments
Electricite du Cambodge (EdC) on Monday announced it will offer customers in Sihanoukville, Battambang and Siem Reap the option to pay their bills via mobile payment provider Wing. EdC and Wing officials signed an agreement on July 1 at the Cambodiana Hotel in Phnom Penh authorising ...
Hor Kimsay
http://www.phnompenhpost.com/business/electricity-provider-offer-wing-payments
Cambodia launches first large-scale paddy rice bank
Cambodia has launched its first large-scale paddy rice bank to ensure uninterrupted supplies to millers and exporters, according to local sources. Thaneakea Srov (Kampuchea) Plc is the rice bank that aims at supporting the local rice industry by way of purchasing, storing and drying rice, as well as ...
Oryza News Staff
http://www.oryza.com/news/rice-news/cambodia-launches-first-large-scale-paddy-rice-bank
Cambodia gets $118M in sovereign loans from AFD
Agence Francaise de Developpement (AFD) has provided Cambodia with a sovereign loan of 118 million euros ($121 million) for two projects – one to build the Bakheng water treatment plant and another to develop competitive skills. Minister of Economy and Finance Aun Porn Moniroth who ...
Ry Sochan
https://www.phnompenhpost.com/national/cambodia-gets-118m-sovereign-loans-afd
Khmer Enterprise and CMA enter into partnership to boosting access to financial service for SMEs
Khmer Enterprise (KE), a unit under the Ministry of Economy and Finance and the Cambodia Microfinance Association has entered into a cooperation agreement on promoting access to finance for entrepreneurs and SMEs in the ecosystem of Cambodia. ...
Ministry Of Women’s Affairs, NBC and Visa celebrate completion of partnership on Promoting Financial Literacy for women and women entrepreneurs
The Ministry of Women’s Affairs (MoWA), the National Bank of Cambodia (NBC), and Visa, have completed their year-long program “Promoting Financial Literacy for Women and Women Entrepreneurs”, helping to improve financial literacy and economically empower nearly 10,000 women, entrepreneurs and students across Cambodia. ...
$50M ADB support for Kingdom’s energy transition plan
Extending valuable support to the Cambodian government’s energy transition plan to enhance renewable energy output and raise energy efficiency while shifting away from fossil fuels, the Asian Development Bank (ADB) on Thursday announced a $50 million policy-based loan package with $23 million in project investments ...
Prakash Jha
https://www.khmertimeskh.com/501203524/50m-adb-support-for-kingdoms-energy-transition-plan/
Sokhonn, ADB meet to discuss inclusive, ‘sustainable’ growth
Minister of Foreign Affairs and International Cooperation Prak Sokhonn on September 13 met with newly appointed Asian Development Bank (ADB) representative to Cambodia Jyotsana Varma for discussions. ...
Samban Chandara
https://www.phnompenhpost.com/national/sokhonn-adb-meet-discuss-inclusive-sustainable-growth
Cambodia-Singapore Financial Transparency Corridor Initiative launched
The Financial Transparency Corridor (FTC) Initiative between Cambodia and Singapore was launched in Singapore this evening to catalyse increased trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501508569/cambodia-singapore-financial-transparency-corridor-initiative-launched/
University students turning to e-readers for study, private reading
The earliest reading materials were made from clay tablets, stones and tree bark. Before long, scrolls made from an early form of paper appeared in a process of technological advancement that stretches from those ancient materials to the electronic devices that modern humans use to ...
US universities jointly hold largest-ever education fair in Cambodia
More than 30 U.S. colleges and universities jointly organized an education exhibition here Saturday, aiming to promote education ties between the two countries. “The fair is the largest-ever event directly promoting U.S. higher education opportunities to Cambodian students,” said a press statement from the U.S. ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=200736
China may fund Cambodia-Vietnam rail
Cambodia was in discussions with the Chinese government on funding for a 250-kilometre stretch of rail line between Phnom Penh and Vietnam, in what Cambodian officials yesterday called a move away from a “complicated” Asian Development Bank loan. Va Sim Sorya, director general at the Ministry ...
http://www.phnompenhpost.com/index.php/2012061356758/Business/china-to-fund-cambodia-rail.html
U.S.-Cambodia Looking for Investment Possibilities to Boost Economic Ties
Phnom Penh– A group of U.S. investors from the U.S.-ASEAN Business Council on Thursday visited Cambodia to observe investment opportunities and to boost trade and investment ties between U.S. and ASEAN member countries. The group consisted of 11 U.S. firms led by Frances Zwenig, the Counselor ...