Hun Sen talks poverty
Prime Minister Hun Sen has outlined Cambodia’s strategy for tackling poverty in a keynote speech to a United Nations forum in Beijing marking the 2015 International Day for Eradication of Poverty.Addressing the gathering of leaders on Friday, the premier lauded the 1 billion people brought ...
Zoe Holman
http://www.phnompenhpost.com/national/hun-sen-talks-poverty
IDs are not ‘sufficient guarantee’ for loans
Cambodia’s central bank has asked all financial institutions, especially rural lenders, to refrain from accepting personal identity cards, residential records and family books as a guarantee while giving out loans to consumers. ...
Sor Chandara
http://www.phnompenhpost.com/business/ids-are-not-sufficient-guarantee-loans
BRED bank to carve out a niche in the market
Bred Banque Populaire – part of the second-largest banking group in France – officially launched operations in Cambodia yesterday after a ribbon-cutting ceremony at its headquarters, marking the first venture of a European bank in the Kingdom since the late 1990s. ...
Hor Kimsay
http://www.phnompenhpost.com/business/bred-bank-carve-out-niche-market
Minister warns UN over criticism
Foreign Affairs Minister Prak Sokhonn on Friday warned the UN’s Office Of High Commissioner for Human Rights (OHCHR) in Cambodia against criticizing government decisions, deeming it disrespectful to the nation’s sovereignty. ...
Taing Vida
http://www.khmertimeskh.com/news/31722/minister-warns-un-over-criticism/
Decline in transfers linked to rice prices
International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/decline-transfers-linked-rice-prices
Banking shows steady growth
Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/banking-shows-steady-growth
QR codes could prove to be a digital alternative to cash for Cambodia
Global payments giant Visa is the first international financial firm to announce the roll out of a payment solution in Cambodia for quick response codes, or QR codes, those pixelated black and white squares designed to be read by a smartphone camera that have begun ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/qr-codes-could-prove-be-digital-alternative-cash-cambodia
Most international flights from China
Around 25 international flights are entering and leaving Cambodia every week mostly from China, according to Cambodia’s State Secretariat of Civil Aviation (SSCA). ...
Sok Chan
https://www.khmertimeskh.com/50727792/most-international-flights-from-china/
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/
$2.4B in new investments for H1
The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year. This is according to calculations by The Post based on CDC statements issued via social media throughout the January-June ...
Thou Vireak
https://phnompenhpost.com/business/24b-new-investments-h1
Bakong-powered transactions soar
Digital payments are becoming crucial to the management of daily expenses, especially during Covid-19 when social distancing is the norm, according to National Bank of Cambodia (NBC) director-general Chea Serey. ...
May Kunmakara
https://www.phnompenhpost.com/business/bakong-powered-transactions-soar
COVAX provides refrigeration equipment to Cambodia
The COVAX Facility donated advanced refrigeration equipment to the Royal Government to boost the country’s vaccination storage capacity. ...
Khmer Times Staff
https://www.khmertimeskh.com/50963410/covax-provides-refrigeration-equipment-to-cambodia/
$550M of investment projects get CDC nod
The Council for the Development of Cambodia (CDC) has approved final registration certificates for 15 projects with capital investment of nearly $550 million in the first two weeks of this month, which could reportedly generate 13,952 new jobs in fields such as car assembly, power ...
Hin Pisei
https://www.phnompenhpost.com/business/550m-investment-projects-get-cdc-nod
GDT to declutter complex tax laws; to make it simple, orderly
The General Department of Taxation (GDT) is drafting the law on tax aimed to compile a number of confusing tax laws and regulations and respond to the international practice of integrating Cambodia’s economy in the region. ...
Chea Vanyuth
https://www.khmertimeskh.com/501007943/gdt-to-declutter-complex-tax-laws-to-make-it-simple-orderly/
Kingdom, E Timor plan to forge ties
The enactment of the new investment law, along with the success of the Covid-19 vaccination campaign, is creating an ever-growing pool of rewarding investment opportunities in the Kingdom, according to Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea. ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-e-timor-plan-forge-ties
$2.3B of projects greenlit in January
The Council for the Development of Cambodia (CDC) approved final registration certificates for 25 projects in the first month of 2022, with total registered capital of nearly $2.3 billion and expected to create 23,175 jobs. ...
Hin Pisei
https://www.phnompenhpost.com/business/23b-projects-greenlit-january
Hun Sen calls on ASEAN police forces to increase anti-terrorism activities
Prime Minister Hun Sen requested that the ASEAN National Police (ASEANAPOL) continue their cooperation to prevent and combat terrorism, with the ultimate goal of making the ASEAN region free of terrorism. ...
CDC approves two investment projects worth over $6 million
Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of $6.1 million in Takeo and Kampong Speu. ...
Khmer Times Staff
https://www.khmertimeskh.com/501079441/cdc-approves-two-investment-projects-worth-over-6-million/
Almost $14 million investment projects approved by CDC, creating close to 3,000 jobs
The Council for the Development of Cambodia (CDC) has approved four new investment projects with a total capital of $13.9 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/1073833/almost-14-million-investment-projects-approved-by-cdc-creating-close-to-3000-jobs/
CDC approves four investment projects
The Cambodia Special Economic Zone Committee of the Council for the Development of Cambodia (CDC) issued the certificate of registration for four companies. ...
Adur Pradeep
https://www.khmertimeskh.com/501208969/cdc-approves-four-investment-projects/