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
Private institutions
[[“Actors”,”Expertise/purposes”,”Website”,”Facebook”],[“ Healy Consultants“,”Healy Consultants is a private company that assists multinational clients with business set up in over 200 countries.”,””,”Link“],[“PRASAC Microfinance Institution“,”PRASAC is a private microfinance institution that participated with SME Bank in the SME co-financing scheme. It offers loans to SMEs with an investment ...
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 ...
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
Angkor Wat ticket prices set to rise after government takeover
Tourism Minister Thong Khon said on Sunday he did not believe an upcoming hike in the cost of tickets for foreigners visiting Angkor Wat will cause fewer tourists to come to Cambodia, with surveys showing most who visit the country are prepared to pay more. ...
Kang Sothear
https://www.cambodiadaily.com/news/angkor-wat-ticket-prices-set-to-rise-after-govt-takeover-116386/
OPIC plans more investment in Cambodian MFIs
A US government finance institution plans to inject more capital into Cambodia’s businesses, forecasting rapid growth in small business and microfinance institutions around the country. The development finance institution Overseas Private Investment Corporation (OPIC) is looking to invest in Cambodia’s small and medium enterprises (SMEs) ...
Sok Chan
http://www.khmertimeskh.com/news/17866/opic-plans-more-investment-in-cambodian-mfis/
July set for minimum wage talks
A series of talks will be held next month to discuss the future of minimum wages in the footwear and garment industries, with their findings to be announced and enforced early next year, according to Ministry of Labor officials. ...
Mom Kunthear
http://www.khmertimeskh.com/news/25734/july-set-for-minimum-wage-talks/
Capital’s income levels set to soar
Phnom Penh’s median household income could swell to surpass the projected level of Bangkok within 15 years if the city’s rapid urbanisation is properly managed through effective policymaking and adequate city planning, according to a new study. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/capitals-income-levels-set-soar
Team finds fish deaths due to lack of oxygen
Experts from the Institute of Standards of Cambodia (ISC) inspected Chinese-owned Rui Feng sugar company’s factory this week after suspicions that its runoff had caused last month’s mass fish deaths in Preah Vihear. ...
Phak Seangly
http://www.phnompenhpost.com/national/team-finds-fish-deaths-due-lack-oxygen