Telecom regulator to steer clear of service providers’ price war
After a year of toothless warnings against below-cost mobile deals – which it previously called “suspicious” and “unfair” – the country’s telecommunications regulator yesterday capitulated, instead beseeching operators to steer clear of confusing marketing and maintain the quality of their services. ...
Hor Kimsay
http://www.phnompenhpost.com/business/telecom-regulator-steer-clear-service-providers-price-war
Bar Association Requests Set Price for Copies of Case Files
The Bar Association of Cambodia has written to Justice Minister Ang Vong Vattana requesting that an official price be set for photocopies of court case files, claiming that court clerks are taking advantage of the current system by charging lawyers extortionate amounts. The letter, dated October ...
Kuch Naren
http://www.cambodiadaily.com/news/bar-association-requests-set-price-for-copies-of-case-files-46689/
Improved economic conditions boost land prices in Battambang city, province
Battambang land prices have increased this year, according to a local real estate firm. Sorn Seap, general manager of Key Real Estate, said land prices in Battambang city, capital of the province of the same name, have increased by around 12 per cent this year compared ...
China demand stretches rubber prices
The prices of Cambodian natural rubber latex on international markets have risen by more than 10 per cent year-on-year in the first quarter, driven by rising demand from China, according to a senior official of the Ministry of Agriculture, Forestry and Fisheries. ...
Hin Pisei
https://www.phnompenhpost.com/business/china-demand-stretches-rubber-prices
Bank loan portfolios set to be at least 10% in local currency
Cambodian commercial banks are showing a stronger preference to provide riel loans to microfinance institutions (MFI) as they rush to increase the share of local currency in their loan portfolio to at least 10 per cent by the end of next year. ...
Hor Kimsay
https://www.phnompenhpost.com/business/bank-loan-portfolios-set-be-least-10-local-currency
Naza bikes hopes to win over 10 pct market share in Cambodia
NAZA World, which is setting up its NAZA Bikes 3S showroom in Phnom Penh, Cambodia, hopes to win an over 10 per cent market share in the country or 30,000 units, within the next three years. NAZA Group of Companies joint group executive chairman Datuk Wira ...
Cambodia Sees 33,770 Malaria Cases In 10 Months, Eight People Dead
Cambodia reported 33,770 malaria cases in the first ten months of the year, a drop of 43 percent from 59,670 cases a year earlier, Xinhua news agency reported a health official as saying Saturday. A total of eight patients died during the ten-month period, down 78 ...
Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=995487
With Only 10 Units, National Blood Bank Hits Year’s Lowest Level
Phnom Penh’s National Blood Transfusion Center (NBTC) has dropped to its lowest level of the year, with only 10 units in stock and doctors relying heavily on patients’ family members and friends to donate in emergency situations, health officials said Thursday. NBTC Director Dr. Hok Kim ...
Lauren Crothers
http://www.cambodiadaily.com/news/with-only-10-units-national-blood-bank-hits-years-lowest-level-44405/
Cambodia May Lure Up to 10 IPOs a Year, Korea Bourse Says
Cambodia’s stock market, which is set to open next week after several delays, may be able to lure five-to-10 initial public offerings a year, according to Korea Exchange Inc., the Cambodian government’s partner in the bourse. State-owned Phnom Penh Water Supply Authority (PPWSA) will start trading ...
Finnish fund invests $10M into Sathapana
The local Sathapana Bank Plc has received $10 million from OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, allowing the bank to expand its loan portfolio to small- and medium-sized enterprises (SME), and especially female entrepreneurs. ...
May Kunmakara
https://www.phnompenhpost.com/business/finnish-fund-invests-10m-sathapana
Microfinance: an insider's view
The story of Cambodia’s microfinance sector has been one of successful evolution, evidenced by the growing number of lenders and their continual development. Many microfinance institutions (MFIs) started as NGO-like entities, but the industry has come a long way. Today, there are 32 MFIs licensed ...
High Prices of Privatized Water in Prey Veng Lead to Protests
More than 1,000 villagers in Prey Veng city took to the streets in protest yesterday morning after a company that recently took control of the state-run water supply raised prices by 50 percent, from 1,200 riel, or $0.30, to $1,800 riel, according to residents and ...
Increase in rice facilities boosts price of Kingdom’s paddy rice
As a result of more rice facilities constantly being installed, the price of paddy rice for the 2018-2019 season was between 900 riel and 1,300 riel ($0.22 and $0.32) per kg, an increase on the previous season, according to industry insiders. Cambodia Rice Federation vice-president ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/increase-rice-facilities-boosts-price-kingdoms-paddy-rice
Government order to display prices in riel currency fails to stick
A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing ...
Hor Kimsay
http://www.phnompenhpost.com/business/government-order-display-prices-riel-currency-fails-stick
Government sticks to plan on power price cuts ahead of election
Officials appeared to walk back a promise to issue larger-than-average electricity price reductions ahead of July’s elections, instead following a previously announced plan to make small reductions in costs. Ty Norin, chairman of the Electricity Authority of Cambodia (EAC), released a statement earlier this month announcing ...
Hor Kimsay
http://www.phnompenhpost.com/business/government-sticks-plan-power-price-cuts-ahead-election
Electricity price to be down from here on: Hun Sen confirms
During a meeting with Lord James Sasson, Executive Director of Jardine Matheson Holdings, at Phnom Penh’s Peace Palace, on Thursday, Prime Minister Hun Sen confirmed that the electricity price in Cambodia will be down from now on. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/electricity-price-to-be-down-from-here-on:-hun-sen-confirms-8184
No significant price changes expected during Pchum Ben
Consumer prices are expected to remain relatively stable, even amid buoyant spending over the second Covid-era Pchum Ben period which kicks off this week, according to traders based in the capital. ...
Thou Vireak
https://www.phnompenhpost.com/business/no-significant-price-changes-expected-during-pchum-ben
ADB asked to craft game plan for monorail, subway
The Ministry of Public Works and Transport on April 6 asked the Metro Manila-based Asian Development Bank (ADB) to help devise strategies for monorail and subway projects planned for Phnom Penh. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-asked-craft-game-plan-monorail-subway
Rail project in ADB sights
The Asian Development Bank said yesterday problems with a railway rehabilitation project – funded by the bank and AusAID – identified by a local NGO that was suspended by the government last month “may require further investigation or analysis”. In July, STT released a report ...
Report on Worldwide Land Grabbing Zeroes In on Cambodia
A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in Stockholm by three Swedish NGOs, The Race for Land offers Cambodia as one ...