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 ...
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 ...
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/
Hunt for suspects continues after Preah Sihanouk sea restored
Stung Hav district authorities in Preah Sihanouk province have removed soil that was dumped into the sea along the coast to create new land in an area without authorisation and are working to determine the identity of the responsible parties. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/hunt-suspects-continues-after-preah-sihanouk-sea-restored
SINET, Philippine firm team up for telecoms solutions
The Philippines’ PLDT Global Corp (PGC) unveiled a new partnership with Cambodia’s SINET, a registered trademark of SI Group Co Ltd, to broaden its regional footprint and supply technology solutions that help the local telecoms service provider’s customers stream more seamlessly. ...
Thou Vireak
https://www.phnompenhpost.com/business/sinet-philippine-firm-team-telecoms-solutions
Villagers protest farmland clearing for Phnom Penh airport project
More than 40 families living in Boeung Khyang commune’s Kampong Talong village in Kandal province’s Kandal Stung district have set up tents to guard their rice fields and blocked a road into their village to prevent a construction company from using machinery to clear their ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/villagers-protest-farmland-clearing-phnom-penh-airport-project
CPP nominates Prach Chan as chairman of electoral commission
The ruling Cambodian People’s Party (CPP) nominated Prach Chan, head of the National Assembly’s (NA) First Commission, as the new chairman of the National Election Committee (NEC). The nomination will now be forwarded to the NA Plenary session for a vote of confidence. ...
Lay Samean
https://www.phnompenhpost.com/national-politics/cpp-nominates-prach-chan-chairman-electoral-commission
Negotiations underway to buy third booster shots
To enhance immunity and to protect against the increasing prevalence of new coronavirus variants, Cambodia is in negotiation with its friendly countries to buy the AstraZeneca vaccine to administer as the booster shot to those who already took two doses of the Covid-19 vaccines. ...
Tith Kongnov
https://www.khmertimeskh.com/50914848/negotiations-underway-to-buy-third-booster-shots/
MENA market peppered with potential: CPSF
The Cambodian Pepper and Spices Federation (CPSF) has been connecting with 25 local exporters to explore and foster new avenues to delve into the Middle Eastern and North African (MENA) markets, a whole world of diverse cuisines that are rich in spices and rely heavily ...
Thou Vireak
https://www.phnompenhpost.com/business/mena-market-peppered-potential-cpsf
On the right track to generating carbon credits
The 43 new sites identified by the Ministry of Environment and United States Agency for International Development (USAID) Greening Prey Lang for the supply of carbon credits will bring positive environmental, community and biodiversity impacts to Cambodia besides having no deforestation and degradation of protected ...
Son Minea
https://www.khmertimeskh.com/50920930/on-the-right-track-to-generating-carbon-credits/