China's ICBC offers RMB transfers
A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...
Despite Ban, Operators Offer Bonuses
Two of the country’s largest mobile phone operators are again offering attractive deals on calls, despite the Telecommunication Regulator of Cambodia’s (TRC) recent order to mobile operators to follow the government’s minimum prices for calls and to scale back customer promotions. On Sunday, Smart, which is ...
Joshua Wilwohl
http://www.cambodiadaily.com/news/despite-ban-operators-offer-bonuses-49483/
Preah Vihear villagers reject offer
The provincial government in Preah Vihear is pushing ahead with a compensation and housing scheme for villagers whose existing homes are in the way of a cultural preservation area near the province’s famous 11th-century temple. But the villagers are reluctant to accept the package, saying the ...
Sen David
http://www.phnompenhpost.com/national/preah-vihear-villagers-reject-offer
Boeung Trabek residents resist offers
Residents of Phnom Penh’s Boeung Trabek area yesterday balked at the options to either pay the government for land certificates or sell their land to the municipality during a forum attended by local authorities, area inhabitants and housing rights officials. City officials earlier this year said ...
Sen David
http://www.phnompenhpost.com/national/boeung-trabek-residents-resist-offers
Bourse offers primer on disclosure
The Cambodia Securities Exchange (CSX) organized a forum on Tuesday to help companies, investors and students understand the importance of disclosure in the securities market, inviting representatives of the fledgling bourse’s two listed companies to share their experience. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/12731/bourse-offers-primer-on-disclosure/
Bank now offers gold accounts
Cambodians can now invest in gold through one of the Kingdom’s Malaysian-owned banks, CIMB. The investment product has been met with mixed reviews from experts, but could tap a popular and traditional means of investment. CIMB’s Gold Deposit Account would give customers a gold-backed investment option without ...
http://www.phnompenhpost.com/index.php/2012070957291/Business/cimb-offers-gold-accounts.html
CEOs see auto, ICT, finance sectors as top growth picks
Thai CEOs are confident that the country’s 2013 economic growth will be at least as good as last year’s level and that the automobile, information and communications technology, and financial sectors will be the star performers. The CEOs estimate that their companies’ profits this year ...
Gov’t fights back on ‘useless’ education claim
Education Minister Hang Chuon Naron yesterday slammed opposition leader Sam Rainsy for dismissing university degrees in the country as value-less and labeling the education system one of the poorest in the world. ...
Ven Rathavong
http://www.khmertimeskh.com/news/16635/gov---t-fights-back-on----useless----education-claim/
Financial Institute of Cambodia prepares people for a career in the stock exchange
The executive director at the Financial Institute of Cambodia (FIC) says 726 students have completed courses so far at FIC since it opened in early 2011. Tith Seyla, who earned his bachelor’s degree from the Royal University of Law and Economics followed by a master’s ...
Brown Coffee Chain Expands With Third Store
What do three Cambodian teenage girls, a French T-shirt designer, a Japanese doctoral student and a Cambodian businessman have in common? On Thursday afternoon, they were all captured by the appeal of BRow Coffee and Bakery on street 214. The value of this crowd of ...
Fashionistas Plan Extravanganza in Cambodia
2,000 some fashionistas from around Asia will descend on Phnom Penh in October for 10 days during the country’s first fashion event, costing an estimated $1 million. According to Sophy Ke, president of the Cambodia Fashion Council, Cambodia Fashion Week is intended to increase domestic ...
World Bank Urged To Review Policies in Places Like Cambodia
The World Bank is under pressure to review some of its policies around the world to ensure that in countries like Cambodia it is not funding the wrong projects. In a discussion at George Washington University this week, panelists said the World Bank is needed for ...
Ministry eyes ‘bridge’ to vocational training
Deputy Prime Minister Sok An requested yesterday that the Ministry of Education, Youth and Sports collaborate with the Ministry of Labour to create a vocational “bridge” program to enable students without high school degrees to have access to trade-based, university-level coursework. ...
Pech Sotheary
http://www.phnompenhpost.com/ministry-eyes-bridge-vocational-training
Ministry eyes ‘bridge’ to vocational training
Deputy Prime Minister Sok An requested yesterday that the Ministry of Education, Youth and Sports collaborate with the Ministry of Labour to create a vocational “bridge” program to enable students without high school degrees to have access to trade-based, university-level coursework. ...
Pech Sotheary
http://www.phnompenhpost.com/ministry-eyes-bridge-vocational-training
Motorcycles, Money Offered to SEZ Victims
Bavet city officials ordered a deputy village chief to offer two victims of the Feb. 20 shooting in Svay Rieng province cash or a motorcycle in return for them not filing a court complaint against the man who shot them inside a special economic zone. ...
PPWSA stock offering slated to outperform
The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust. Book-building, the process during which bids for the IPO are taken and a price is set for shares, ended yesterday. The final offering price is expected before the subscription for ...
Naga offers mobile massage to gamblers
NagaWorld Company, which is the sole licensed casino operator in Phnom Penh, has reportedly purchased 30 buses ...
US offers tips for cybercrime team
Cambodian police, prosecutors and policymakers were hosted in Washington recently by the US government, as part of America’s efforts to support the drafting of the Kingdom’s controversial cybercrime law. ...
Bun Sengkong
http://www.phnompenhpost.com/national/us-offers-tips-cybercrime-team
Yunnan offers to help tourism sector
The Ministry of Tourism is to collaborate with Yunnan’s Tourism and Vocational Training Institution to develop human resources in tourism and seek the methodology to attract more Chinese tourists to visit Cambodia. ...
Sok Chan
http://www.khmertimeskh.com/news/40085/yunnan-offers-to-help-tourism-sector/
Repo auction offers quick liquidity fix
The National Bank of Cambodia rolled out a new mechanism yesterday that offers immediate liquidity to financial institutions to cover their payments and reserve obligations, while giving the central bank greater control over the country’s money supply and moving toward the establishment of a benchmark ...
Hor Kimsay
http://www.phnompenhpost.com/business/repo-auction-offers-quick-liquidity-fix