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Cambodia’s largest MFI boosts green farming loans

Cambodian microfinance institution PRASAC says it is bolstering its green credentials by increasing loans for eco-friendly farming methods in the kingdom. President and CEO of PRASAC, said the institution is “committed to providing and developing more green financing to the rural people for their livelihood ...

http://www.phnompenhpost.com/index.php/2012060156521/Business/cambodias-largest-mfi-boosts-green-farming-loans.html

Official Says Electricity Prices Set to Increases

State power company Electricite du Cambodge (EDC) plans to increase the price of electricity to make up for a drop in revenue this year, according to a Ministry of Industry, Mines and Energy official. “This year, oil prices went up, which meant the EDC did not ...

Gov't Requires Bus Companies To Submit Driver Information

In response to a spate of deadly bus crashes in the country, the government has ordered all bus companies to provide authorities with detailed histories of all their drivers, an official at the Ministry of Public Works and Transport said yesterday. Peou Maly, deputy director-general at the ministry’s transportation department, ...

Hong Kong's KeyBridge acquires 65 pct shares of Cambodian telecom firm

The KeyBridge International (Hong Kong) Investment Company has acquired 65 percent shares of a Cambodian telecommunications company EMAXX in an amount of 15 million U.S. dollars, officials of the two companies announced Wednesday. “EMAXX has converted from a family business into a joint venture,” Ai Min, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-04/09/c_133249446.htm

Demining Mali goal for troops

The Ministry of Defence will dispatch more than 300 members of the Royal Cambodian Armed Forces (RCAF) to Mali as part of a United Nations peacekeeping mission, a senior government official said yesterday. ...

Vong Sokheng
http://www.phnompenhpost.com/national/demining-mali-goal-troops

Poipet poor ‘bearing brunt of water woes’

A private utilities company owned by wealthy businessman and ruling Cambodian People’s Party Senator Kok An is fulfilling only about half of Poipet’s demand for clean water, despite being contracted to supply the whole town, according to the city governor. With priority for the distribution of ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/poipet-poor-%E2%80%98bearing-brunt-water-woes%E2%80%99

Activists call for transparency at Buddhist Institute

The activist Independent Monk Network has called on the Ministry of Cult and Religion to release paperwork proving that an agreement it struck with NagaCorp to help construct an electricity substation at Phnom Penh’s Buddhist Institute does not involve the selling of any of the ...

Mom Kunthear
http://www.phnompenhpost.com/national/activists-call-transparency-buddhist-institute

16 Cambodian workers rescued in Thailand, Malaysia

Cambodian embassies rescued 13 Cambodian workers in Thailand and three maids in Malaysia, Koy Kuong, spokesman for Ministry of Foreign Affairs and International Cooperation, said Saturday. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=YzZmNTA3ZTljZjN

Gov’t lifts farming ban on K Thom floodplains

The Council of Ministers has granted farmers in Kompong Thom province permission to start farming on the floodplains of the Tonle Sap lake in an area previously off limits and home to flooded forests that provide a critical fish breeding habitat. The Council of Ministers’ notice, ...

Khy Sovuthy
http://www.cambodiadaily.com/news/govt-lifts-farming-ban-on-k-thom-floodplains-66008/

CEDAC to provide insurance to rice farmers

The Cambodian Center for Study and Development in Agriculture (CEDAC) will provide agricultural insurance to Cambodian rice farmers nationwide next year as part of a deal reached with another NGO on Tuesday. CEDAC president Yang Saing Koma said Wednesday that CEDAC and the Netherlands-based Achmea Foundation ...

Kang Sothear
http://www.cambodiadaily.com/news/cedac-to-provide-insurance-to-rice-farmers-72238/

Prudential granted approval by ministry

Prudential Corporation Asia yesterday received “in-principle” approval from the Ministry of Economy and Finance to establish a foreign-owned life insurance operation in the country, an official statement from the company said. The announcement comes after Canadian life insurance giant Manulife on Thursday made public plans for ...

http://www.phnompenhpost.com/index.php/2012070357155/Business/prudential-granted-approval.html

Cambodian garment workers, bloodied in crackdown, continue wage struggle

Just over a month after a brutal police crackdown on striking Cambodian garment workers left at least five people dead, the country’s unions are calling for another strike in March, increasing the likelihood of further violence. At issue is the still-unresolved question of the workers’ minimum monthly wage. Roughly 700,000 ...

Christina Larson
http://www.businessweek.com/articles/2014-02-20/cambodian-garment-workers-bloodied-in-crackdown-continue-wage-struggle

Plans moving forward for Japanese SEZ

Cambodia is actively working to establish the Cambodia-Japan Special Economic Zone (SEZ) to attract more Japanese investment, given its current status as a key trade and investment partner, according to a press release from the Council for the Development of Cambodia (CDC). CDC first vice-president ...

Hin Pisei
https://www.phnompenhpost.com/national/plans-moving-forward-for-japanese-sez

Co-op scheme aims to boost farmers’ profits

An ambitions new agricultural development project backed by a former US diplomat is aiming to dramatically revamp the sector and bring profits back into the hands of farmers. Sichan Siv, a Cambodian with dual citizenship who spent five years serving as US ambassador to the UN, ...

http://www.phnompenhpost.com/2012121960368/National/co-op-scheme-aims-to-boost-farmers-profits.html

Kingdom inflation rises on oil prices

Inflation in Cambodia rose 5.8 per cent year-on-year in January, according to figures from the National Institute of Statistics. Rising fuel costs had spurred the inflation, which was felt largely in the price of food, officials said. Data showed food and non-alcoholic beverage prices in January increased ...

http://www.phnompenhpost.com/index.php/2012022754728/Business/kingdom-inflation-rises-on-oil-prices.html

Imports compete with domestic medicines

The value of medicine and medical equipment imports increased about five per cent year-on-year in 2011, according to the Ministry of Commerce. ...

http://www.phnompenhpost.com/index.php/2012031955102/Business/imports-compete-with-domestic-medicines.html

CDC to issue 35 project certificates in industries

The Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444 million from January to the end of last month. Once operational, the projects are expected to provide more than 30,335 jobs. ...

Sok Chan
http://www.khmertimeskh.com/50298847/cdc-to-issue-35-project-certificates-in-industries/

Draft rubber law to reach Council of Ministers in 2019

The Ministry of Agriculture is now discussing the Rubber Law with industry players and plans to send a draft to the Council of Ministers for approval next year, according to a high-ranking official.​ ...

Sok Chan
https://www.khmertimeskh.com/50561136/draft-rubber-law-to-reach-council-of-ministers-in-2019/

CDC to issue factory certificates

The Council for the Development of Cambodia granted permission for three more companies this month to build garment factories in Phnom Penh and in Takeo and Kampong Speu provinces. The three investment projects are worth about $10 million and will create about 3000 jobs. ...

Sum Manet
https://www.khmertimeskh.com/50303116/cdc-to-issue-factory-certificates/

Radios rounded up in capital

Phnom Penh police yesterday launched a coordinated operation to seize illegal walkie-talkies from tuk-tuk and motorbike taxi drivers, in order to rid the capital of alleged “anarchy”.The campaign is the initiative of the capital’s chief and reportedly comes in response to complaints that drivers’ use ...

Taing Vida
http://www.phnompenhpost.com/national/radios-rounded-capital

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