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ADB gives update on aid for railway families

The government has finished calculating the additional compensation it will pay out to some of the families forced to move for a $143 million railway rehabilitation project being funded mostly by the Asian Development Bank (ADB), according to a new report. The report, released this week ...

Zsombor Peter
http://www.cambodiadaily.com/news/adb-gives-update-on-aid-for-railway-families-67520/

High-level officials to get raises

Prime Minister Hun Sen is set for a monthly salary hike of more than $900 as part of sweeping changes to senior government and high-ranking civil servant bonuses, according to a new sub-decree. The document, dated October 13 and obtained by the Post yesterday, states that ...

Pech Sotheary and Shane Worrell
http://phnompenhpost.com/national/high-level-officials-get-raises

Opposition gaining power in legislature, analysts say

As part of political negotiations, the opposition party will be allowed a minority leader in parliament—a system analysts say could strengthen the checks and balances in the government. The legislative branch has traditionally been considered weaker than the executive, with the National Assembly stacked with supporters ...

Sok Khemara
http://www.voacambodia.com/content/opposition-gaining-power-in-legislature-analysts-say/2561306.html

Sangkran set to break records in tourism and line-dancing

Preparations for this year’s Angkor Sangkran, Siem Reap’s largest cultural event, are almost complete, with half a million tourists expected to join in the celebration during Khmer New Year, according to provincial officials. Of the anticipated 500,000 visitors this year, the majority are expected to be ...

Chan Muyhong
http://www.phnompenhpost.com/business/sangkran-set-break-records-tourism-and-line-dancing

Abe plans Mekong development to counter China

Japanese Prime Minister Shinzo Abe will meet the leaders of five South-east Asian countries in Tokyo on Saturday to adopt a new three-year development strategy for the Mekong region — a move that will rival China’s rising economic clout in Asia. The plan is likely to ...

Today News Staff
http://www.todayonline.com/world/asia/abe-plans-mekong-development-counter-china

Dammed if they don’t

People who have accepted relocation from the future reservoir zone of the Lower Sesan II hydropower project have called for the suspension of the resettlement program for one year and help to repair homes built by the Cambodian-Chinese energy firm constructing the dam.Villagers who held ...

May Titthara
http://www.phnompenhpost.com/national/dammed-if-they-dont

The Sihanoukville MAKEOVER?

Aiming to attract investors to broaden the Kingdom’s manufacturing base and to boost the country’s industrial development, the government is alledgedly preparing a master plan to turn Sihanoukville province into a new special economic zone, said an official.The advisor to the Cambodian government, Dr Sok ...

Siv Meng
http://www.phnompenhpost.com/real-estate/sihanoukville-makeover

Blockchain system will reduce dependence on the ‘greenback’

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

Harrison White
https://www.khmertimeskh.com/50723403/blockchain-system-will-reduce-dependence-on-the-greenback/

Bandwidth boost underway

Fuelled by downward pressure on internet pricing, state-owned Telecom Cambodia had dramatically increased its fibre-optic link with Vietnam, officials and experts said. The new 10-gigabyte connection would further lower prices and boost the speed of Cambodian internet connections in a market where demand for bandwidth was driven by ...

http://www.phnompenhpost.com/index.php/2012042655784/Business/bandwidth-boost-under-way.html

Global death toll of environmental activists rising, report says

In April, Chut Wutty was shot to death in the Cambodian forests he was so outspoken in defending, a slaying that outraged human rights activists suspicious of the conflicting explanations given by police. His death appears to be part of a chilling trend. Growing numbers of activists ...

http://latimesblogs.latimes.com/world_now/2012/06/growing-number-of-environmental-defenders-killed-report-says.html

Number of Japanese firms to surge this year

If industry-watchers were roused last year by the influx of Japanese investment to Cambodia – including bellwether parts manufacturer Minebea – 2012 should not disappoint. Up to 60 new Japanese companies are expected to apply for business licences this year after the number tripled to about ...

http://www.phnompenhpost.com/index.php/2012071257368/Business/number-of-japanese-firms-to-surge-this-year.html

Tepco, Toshiba to manage power grids in Cambodia

Tokyo Electric Power Co. Holdings will team with Toshiba to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with soaring cleanup costs for the Fukushima nuclear plant disaster. ...

Nikkei
http://asia.nikkei.com/Business/Deals/Tepco-Toshiba-to-manage-power-grids-in-Cambodia

CSX developing app for securities trading

A new online trading platform is being developed to spur interest in Cambodia’s sleepy stock market by allowing traders to access the exchange remotely via software compatible with smartphones, a bourse spokesman said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/csx-developing-app-securities-trading

Cambodia prepares ‘travel bubble’ plan to aid tourism

The Ministry of Tourism is moving to restore the devastated tourism sector by preparing a so-called travel bubble plan to gradually receive international tourists, even if the Kingdom is seeing a rise in new cases of COVID-19. ...

Sorn Sarath
https://www.khmertimeskh.com/50751509/cambodia-prepares-travel-bubble-plan-to-aid-tourism/

Five more investment projects worth $60 Million licensed

The Council for the Development of Cambodia (CDC) has given the green light to five new investment projects with a total investment capital of $58 million.​According to the council’s press release issued this morning, the newly approved projects are expected to create about 800 jobs ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50756987/five-more-investment-projects-worth-60-million-licensed/

Local mobile applications expanding in all directions

The importance of apps in Cambodia is becoming more and more prevalent. The Ministry of Education, Youth and Sport (MoEYS) and the Ministry of Posts and Telecommunications (MPTC) announced last week the news of them building a new distance education app in partnership with mobile ...

Jason Boken
https://www.khmertimeskh.com/50748317/local-mobile-applications-expanding-in-all-directions/

Three investment projects worth $36.5 million approved, to create hundreds of jobs

The Council for the Development of Cambodia (CDC) has given the green light to three new investment projects with a total investment capital of $36.5 million. According to the council’s press release issued yesterday, the newly approved projects are expected to create some 615 jobs ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50747222/three-investment-projects-worth-36-5-million-approved-to-create-hundreds-of-jobs/

2020-2021 academic year commences

Prime Minister Hun Sen said that although the world is united in fighting Covid-19 and has yet to achieve complete victory over the outbreak, Cambodia will forge ahead with the opening of the 2020-2021 academic year on January 11, celebrating the theme “a new life ...

Voun Dara
https://www.phnompenhpost.com/national/2020-2021-academic-year-commences

Papa John’s set to open 15 stores in Kingdom over next three years

US-based pizza chain Papa John’s International Inc on April 7 unveiled plans to open 15 new outlets in the Kingdom over the next three years. Papa John’s opened its flagship store in Phnom Penh late last month, the company said in a press release. ...

Thou Vireak
https://www.phnompenhpost.com/business/papa-johns-set-open-15-stores-kingdom-over-next-three-years

Greater innovation critical to driving sustained economic recovery in Cambodia and East Asia

Innovation is critical to productivity growth and economic progress in developing East Asia including Cambodia, China, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, the Philippines, Thailand, and Vietnam in a rapidly changing world, according to a new World Bank report launched today. ...

Heng Panha/AKP
https://www.khmertimeskh.com/50817900/greater-innovation-critical-to-driving-sustained-economic-recovery-in-cambodia-and-east-asia/

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