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Insurance, banks join forces

Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...

http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html

Failing to sew up support

Cambodian stockbrokers yesterday admitted to a disappointing level of investor interest in Grand Twins International’s (GTI) initial public offering. Garment industry unrest, distrust in the private sector and a lack of liquidity in the market were all said to be discouraging investors from buying into the ...

Eddie Morton
http://www.phnompenhpost.com/business/failing-sew-support

IMF Report Cites Key Economic Reforms

Despite an economic forecast of 6.5 percent growth for Cambodia this year, the International Monetary Fund (IMF) warned in a report released Monday that the government must continue to Develop infrastructure, increase public revenues and practice fiscal safeguarding in orDer to sustain growth in the ...

Grab offers innovative carbon offset option to support Cambodian forest protection

Passengers using the Grab ride-hailing app are offered the option to travel carbon neutral, said a press release of Wildlife Conservation Society (WCS) issued this afternoon, adding that a voluntary contribution allows passengers’ rides to be offset via carbon credits from the Keo Seima Wildlife ...

Khmer Times Staff
https://www.khmertimeskh.com/50900387/grab-offers-innovative-carbon-offset-option-to-support-cambodian-forest-protection/

Japan to offer grant aid in support of cadastral surveying and land registration in Cambodia

Japan will provide Cambodia for JPY 1,338 million ($9.7 million) for the implementation of the project for the Establishment of a Nationwide Continuously Operating Reference Station Network, according to Cambodia’s Ministry of Foreign Affairs and International Cooperation’s press release and obtained by AKP today. ...

Khmer Times Staff
https://www.khmertimeskh.com/501381543/japan-to-offer-grant-aid-in-support-of-cadastral-surveying-and-land-registration-in-cambodia/

ASEAN's newest look for cash

Younger Southeast Asian countries will look for a means of filling the financial gap between poorer mainland ASEAN members and more developed states this week during the 44th ASEAN Economic Ministers Meeting, which kicked off today. At the five-day meeting which Prime Minister Hun Sen was ...

http://www.phnompenhpost.com/index.php/2012082758284/Business/asean-ministers-seek-to-fill-financial-gaps.html

Mondolkiri, Kompong Thom Face Climate Threat

Mondolkiri and Kompong Thom provinces could suffer some of the most extreme effects of climate change in the Lower Mekong Basin region, such as a high incidence of flash floods and droughts by 2050, according to a new study. Analyzing temperature and rainfall from 84 provinces ...

http://www.cambodiadaily.com/news/mondolkiri-kompong-thom-face-climate-threat-17224/

Social land concessions floated for residents hit by work on Sihanoukville canals

The Preah Sihanouk provincial administration has recommended those whose houses were torn down for encroaching on canals to seek social land concessions from the authorities. Provincial deputy governor Cheav Vichheak told The Post on Tuesday that Sihanoukville has five main canals with a cumulative length ...

Voun Dara
https://www.phnompenhpost.com/national/social-land-concessions-floated-residents-hit-work-sihanoukville-canals

Two’s company at CSX

It may not have all the glitter, adrenaline or the iconic tolling bell of Wall Street, but today, the usually deserted Cambodian Stock Exchange (CSX) will be a hive of activity. After first hinting at an initial public offering more than two years ago, garment manufacturer ...

Eddie Morton
http://www.phnompenhpost.com/business/two%E2%80%99s-company-csx

Grand Twins may price Cambodia IPO below mid-point of indicative range

Tepid interest in a Taiwanese-owned garment manufacturer’s planned initial public offering in Cambodia means that the deal could be priced below the midpoint of an indicative range, a person with direct knowledge of the offering said Thursday. Grand Twins International (Cambodia) PLC had planned to sell ...

Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304688104579464942778171168?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304688104579464942778171168.html

Amid credit expansion, Riel loans minimal

Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/amid-credit-expansion-riel-loans-minimal-66610/

Ground breaks on Battambang water plant

Ground has been broken on a new water treatment plant in Battambang province which will serve the provincial capital. The plant, in Kampong Wat Kor commune’s Seima village of the town, is co-financed by the Asian Development Bank (ADB) and the Agence Francaise De Developpement- AFD ...

Yuth Vireak
https://www.phnompenhpost.com/national/ground-breaks-battambang-water-plant

First two days of voter registration nets over 30K new voters

The National Election Committee (NEC) confirmed that in the first two days of new registration on October 20-21 for next year’s national election, more than 30,000 new voters had registered, while nearly 6,000 people have been de-listed. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/first-two-days-voter-registration-nets-over-30k-new-voters

Posts ministry offers rapid test kits at cost from S Korea, China

The Ministry of Posts and Telecommunications has announced that it will distribute two types of Covid-19 antigen rapid tests from South Korea and China, which will be made widely available at cost price. ...

Voun Dara
https://www.phnompenhpost.com/national/posts-ministry-offers-rapid-test-kits-cost-s-korea-china

Hun Sen offers ID Poor cards as incentive to halt fishing in dolphin habitat

Prime Minister Hun Sen recommended that the authorities provide ID Poors card for people living in the Irrawaddy dolphin protected areas to ensure that they stop fishing there, as their nets have caused the death of several of the rare species. ...

Ry Sochan
https://www.phnompenhpost.com/national/hun-sen-offers-id-poor-cards-incentive-halt-fishing-dolphin-habitat

Families stand firm on eviction

A group of families whose homes are in the way of a municipal road-widening project rejected an offer from city hall on Friday to re­­­locate and receive financial compensation, representatives from the community said. Located on the outskirts of Phnom Penh in Tuol Kork district, community ...

http://www.phnompenhpost.com/index.php/2012080657823/National-news/refusing-to-yield-families-stand-firm-on-eviction.html

Tiger Air's First Flight to Cambodia Lands Monday

Tiger Airways’ first flight from Singapore to Cambodia is scheduled to land at Phnom Penh International Airport on Monday morning, making it the latest airline to offer direct flights to the country. Deborah Yeo, a public relations consultant for Tiger Airways, said that beginning Monday, the ...

Villagers, mining firm settle land dispute

Villagers in Ratanakkiri province’s O’Yadav district have accepted compensation offers from an Indian company seeking a licence to mine gold in the area. ...

Phak Seangly
http://www.phnompenhpost.com/villagers-mining-firm-settle-land-dispute

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