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Trade deficit prompts call to diversify exports

Cambodia’s trade deficit expanded to almost half a billion dollars during the first three months of the year, according to the latest figures from the Ministry of Commerce. Between January and March, Cambodia’s exports reached $1.99 billion, up 19 per cent compared to the same period ...

May Kunmakara
http://www.phnompenhpost.com/business/trade-deficit-prompts-call-diversify-exports

Cambodia scholar calls for boosting mutual trust, maritime security in Asia Pacific

A Cambodian scholar on Saturday called for efforts to enhance the role of the Association of Southeast Asian Nations (ASEAN) in promoting mutual trust and maritime security in the Asia Pacific. A more relevant and coherent multilateral structure could help address old and new security challenges, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/2014-12/13/c_133852775.htm

$65 mln loan to expand microfinance

Three Thai banks have joined IFC’s $65 million syndication loan to a Cambodian microfinance institution to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women.  ...

Va Sonyka
http://www.khmertimeskh.com/news/12730/business-briefs/

GMAC to create new training institute

The Garment Manufacturers Association in Cambodia (GMAC) has begun seeking technical advisors to assist in the creation of a Cambodia Garment Training Institute. ...

Sean Teehan
http://www.phnompenhpost.com/national/gmac-create-new-training-institute

Development report cites China as growth model

It’s been done numerous times, comparing the “China miracle” to its emerging and frontier neighbours as a benchmark for development. Cambodia might seem an ill-fitted student of the world’s second-biggest economy. But a recent report from the Cambodia Development Resource Institute pointed to some lessons the Kingdom ...

http://www.phnompenhpost.com/index.php/2012050856023/Business/china-seen-as-growth-model.html

New loan agreement standard for financial industry breeds debate

A “Standard of Loan Agreement” for the financial sector is under preparation, and institutions are expected to begin adopting its principles by June. But insiders and observers have expressed differing views on the precise provisions of the instrument, its potential effects on market competition, and ...

Rann Reuy
https://www.phnompenhpost.com/business/new-loan-agreement-standard-financial-industry-breeds-debate

Green-growth institute vows support for Kingdom as e-bus, waste tech plans progress

The Global Green Growth Institute (GGGI) has renewed its commitment to support the Cambodian government in the transition towards environmentally friendly, inclusive, sustainable economic growth through the Seoul-based organisation’s ongoing projects as well as green transport and waste management initiatives in its pipeline. ...

Post Staff
https://www.phnompenhpost.com/national/green-growth-institute-vows-support-kingdom-e-bus-waste-tech-plans-progress

NA, AVI hold seminar on Cambodia-EU relations

The National Assembly (NA) of Cambodia, through the Committee on Foreign Affairs, Cooperation, and Information in collaboration with the Asian Vision Institute (AVI), held a seminar on “Cambodia-Europe Relations in Regional Connection and Peace” at the National Assembly on Friday. ...

Hang Punreay
https://www.khmertimeskh.com/501423137/na-avi-hold-seminar-on-cambodia-eu-relations/

MFI Increases Loans as Economy Grows

As rising economic growth spurred demand for personal loans, Prasac, Cambodia’s biggest microfinance institution (MFI), provided $106 million in loans between March, 2012 and March, 2013, an increase of 66 per cent compared with the corresponding period a year earlier.  “Loans [were] mainly used for service ...

http://www.phnompenhpost.com/2013041965111/Business/mfi-increases-loans-as-economy-grows.html

Minister’s appeal to listed companies

The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...

http://www.phnompenhpost.com/index.php/Business/lets-get-the-ball-rolling.html

Micro-insurance access urged

Cambodia’s finance sector should increase insurance accessibility to its smallest lenders to help protect against indebtedness at times of disaster, an industry expert said at a conference in Phnom Penh yesterday. Speaking at the Hotel Cambodiana to an audience of industry representatives on rural entrepreneurship, Jaime ...

Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/micro-insurance-access-urged

MFIs watch rice loans

The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ...

May Kunmakara
http://www.khmertimeskh.com/news/30035/mfis-watch-rice-loans/

Senior official hit with corruption complaint

Allegations that a senior government official in the Ministry of Planning stole thousands of dollars have been levelled in a complaint signed by more than 20 officials. But the director of the National Institute of Statistics, San Sy Than, defended Mech Kanthul, claiming the officials ...

http://www.phnompenhpost.com/index.php/2012040655466/National-news/senior-official-hit-with-corruption-complaint.html

New partnership promotes vocational training

The Cambodia Garment Training Institute (CGTI) and the National Employment Agency (NEA) on Friday signed a memorandum of understanding that will make vocational training more widely available in Cambodia and help build up the local labour force. ...

May Kunmakara
https://www.khmertimeskh.com/50509571/new-partnership-promotes-vocational-training/

Express road to airport in works

The Ministry of Public Works and Transport yesterday announced the start of feasibility studies aimed at building an express elevated toll road that would extend from Phnom Penh’s city centre to the airport by 2021.Public Works Minister Tram Iv Tek said yesterday that China’s Henan ...

Chhay Channyda
http://www.phnompenhpost.com/national/express-road-airport-works

Prasac ups paid up capital

One of the Kingdom’s largest microfinance institutions (MFI), Prasac MFI, increased its paid up share capital by $29 million in a bid to increase public confidence and comply with the National Bank of Cambodia’s (NBC) requirements. ...

May Kunmakara
http://www.khmertimeskh.com/news/27959/prasac-ups-paid-up-capital/

City hall pulls plug on market fee collector

Phnom Penh City Hall plans to replace the controversial contractor in charge of collecting parking and stall fees from markets around the city, according to a letter from the Council of Ministers posted on social media yesterday. ...

Mech Dara
http://www.phnompenhpost.com/national/city-hall-pulls-plug-market-fee-collector

Henan in lead for airport expressway

In a letter to Prime Minister Hun Sen, government ministers have recommended a Chinese-owned company take the reins of the multi-million dollar Phnom Penh airport expressway, amid ongoing frustrations from residents who may be impacted by the development.   ...

Pech Sotheary
http://www.phnompenhpost.com/national/henan-lead-airport-expressway

Reformed tech industry body looks to boost ‘digital economy’

Representatives of Cambodia’s tech sector say they are ready to help the country take advantage of global advances in information and communication technology (ICT), after recent reforms to the main body representing the industry. The management of the ICT Federation of Cambodia was overhauled in ...

Aun Chhengpor
http://www.voacambodia.com/a/reformed-tech-industry-body-looks-to-boost-digital-economy/3408025.html

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