CIMB the latest to add local insurer
CIMB Bank, Malaysia’s second-largest, has entered the insurance market via a partnership agreement signed yesterday with Cambodia Life Insurance Company (CLIC). In Meatra, director general of CLIC, said that under the partnership, CIMB had received full access to offer their insurance products to customers. ...
May Kunmakara
http://www.phnompenhpost.com/business/cimb-latest-add-local-insurer
51% stake for private sector in SPV for four countries including Cambodia, Myanmar
The government plans to rope in private firms for Prime Minister Narendra Modi’s big diplomatic push to ‘Act East Policy’, with its proposed special purpose vehicle for investment in Cambodia, Myanmar, Laos and Vietnam set to offer up to 51 per cent stake to the ...
Deepshikha Sikarwar
http://bit.ly/1C6Hhpf
Over 100 protest in support of families cut out of rail deal
More than 100 people protested Thursday outside Poipet City Hall in support of 50 families in Phsar Kandal commune who were passed over when the government offered compensation to residents who ceded land for a railway project that displaced some 4,000 families across the country. ...
Aun Pheap
https://www.cambodiadaily.com/news/over-100-protest-in-support-of-families-cut-out-of-rail-deal-85462/
Ministries to push vocational training, starting in Svay Rieng
Starting next month, the ministries of education and labor will offer job counseling to students in Svay Rieng province as the first step in an effort to better match employment opportunities in the country with the skills of youth entering the workforce, the education minister ...
Maria Paula Brito and Mech Dara
https://www.cambodiadaily.com/news/ministries-to-push-vocational-training-starting-in-svay-rieng-85638/
Sok Bun begs for mercy
Property tycoon Sok Bun, wanted for the vicious attack of a former TV star, publicly pleaded for his freedom yesterday, pledging to relinquish his “oknha” title and offering his victim $100,000 in compensation, even as Interior Minister Sar Kheng called for his arrest. ...
Chhay Channyda and Charles Parkinson
http://www.phnompenhpost.com/national/sok-bun-begs-mercy
Investment projects worth $1.716 billion registered in January-November
Cambodia has a new investment law that offers incentives to foreign investors to inject direct investment into the country. ...
Chea Vanyuth
https://www.khmertimeskh.com/501004396/investment-projects-worth-1-716-billion-registered-in-january-november/
Chinese investment in Cambodia to diversify into SME finance
Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade development ...
Sangeetha Amarthalingam
https://www.khmertimeskh.com/50555620/chinese-investment-in-cambodia-to-diversify-into-sme-finance/
Governor promises solution for remaining Borei Keila families
A working group within Phnom Penh City Hall is continuing its effort to help get compensation to Borei Keila families who have yet to accept the government’s offer, according to a Facebook post from Governor Pa Socheatevong, who led a discussion with community members on ...
PPAP seeks to generate $6.4M in IPO
The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/ppap-seeks-generate-64m-ipo
Government undecided on new resettlement sites for evictees
A Finance Ministry official said on Sunday that the government had yet to decide whether it would comply with Asian development Bank (ADB) rules that families facing eviction from along the country’s old railway tracks be offered resettlement options better than the ones they have ...
Zsombor Peter
https://www.cambodiadaily.com/news/government-undecided-on-new-resettlement-sites-for-evictees-102214/
Third tranche of port shares snapped up swiftly
The third and final tranche of 1.8 million shares in Phnom Penh Autonomous Port’s (PPAP) recent initial public offering (IPO) sold out by the middle of last month, according to Hei Bavy, director general of the state-owned enterprise. ...
Sum Manet
http://www.khmertimeskh.com/news/18432/third-tranche-of-port-shares-snapped-up-swiftly/
Longer visas for Chinese, Koreans
The government will offer three-year, multiple-entry visas to Chinese and South Korean investors in an effort to make doing business easier and increase investment in the Kingdom, the premier said during the first Cambodia-China Business and Financial Development Forum in Phnom Penh yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/32699/longer-visas-for-chinese--koreans/
Wing, BookMeBus team up
Wing and the online platform company BookMeBus have teamed up to offer bus tickets to the provinces and to Thailand, Laos and Vietnam. The service was officially launched on Friday with the first services available in Wing agencies in Phnom Penh. ...
Chea Vannak
http://www.khmertimeskh.com/news/38596/wing--bookmebus-team-up/
Custodian could spur fund interest
The government is working on legislation that would create a framework for the establishment of a custodian bank in Cambodia, according to securities firms, which claim the absence of this institution could be deterring foreign investors from participating in share offerings on the local stock ...
Brian Ng
http://www.phnompenhpost.com/business/custodian-could-spur-fund-interest
Defense Minister warns against attempts to ‘topple’ government
Cambodian Defense Minister Tea Banh on Tuesday offered grave warnings to anyone who “tries to topple the current government.” The minister appeared to be addressing the opposition, which has said it will call for mass Demonstrations if election reform is not enacted by the ruling Cambodian ...
Heng Reaksmey,
http://www.voacambodia.com/content/defense-minister-warns-against-attempts-to-topple-government/1873692.html
Shelter standards launched
Following reports of abuse and poor conditions at the Kingdom’s shelters, the government yesterday launched official recommendations that seek to ensure better care is offered to victims of trafficking and sexual exploitation. ...
Sen David
http://phnompenhpost.com/national/shelter-standards-launched
Valuers to meet in Siem Reap
Real-estate evaluators from the ASEAN Valuers Association (AVA) have met in Siem Reap in order to improve the industry. The AVA wants to develop the Cambodian real-estate market by assisting developers and investors. Those attending the conference share experience and ideals will offering training to ...
Phnom Penh SEZ gets $10M in investment
Two regional companies have invested nearly $10 million to acquire 14 million shares in the Phnom Penh Special Economic Zone Plc (PPSEZ) – one of five companies listed on the Cambodia Securities Exchange (CSX) – in what is considered the first ever private offering by ...
Kun Kourchettan
https://www.phnompenhpost.com/business/phnom-penh-sez-gets-10m-investment
Japan provides grant for demining
CMAC director-general Heng Ratana told The Post on Sunday that Japan has offered $3,536,680 for mine clearance throughout the Kingdom and another $300,000 for CMAC operations in Battambang province, which also involves supporting mine victims for 12 months starting from January 1 to December 31. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/japan-provides-grant-demining
PPSEZ sets timeline for delayed IPO launch
After numerous delays, industrial park operator Phnom Penh Special Economic Zone announced yesterday that it had finalised a timeline for the launch of its upcoming initial public offering, and would kick off a five-day bookbuilding session starting on April 18 and hold a public roadshow ...
Kali Kotoski
http://www.phnompenhpost.com/business/ppsez-sets-timeline-delayed-ipo-launch