Credit growth in Cambodia's banking sector slightly up in 1st two months
Cambodia’s banking industry recorded a slight increase in lending in the first two months of this year after a sharp rise last year, according to a consolidated data provided by the National Bank of Cambodia (NBC) on Saturday. The data showed that the kingdom’s 33 commercial ...
http://www.asean-china-center.org/english/2013-04/28/c_132347546.htm
New MFI To Launch Operations
A new microfinance institution (MFI), ORO Financecorp Plc, is set to open in Cambodia, according to the director-general of the National Bank of Cambodia (NBC). Cambodia already has 35 registered MFIs, according to a recent report by the Cambodia Microfinance Association (CMA). Last week, the ...
http://www.phnompenhpost.com/2013050765436/Business/new-mfi-to-launch-operations.html
Cambodia has shortage of capable human resource
The number of people seeking for jobs has been on the rise each day. However, companies, organizations and institutions are relentlessly complaining that human resource is both scarce and of low quality. Many students who have just graduated for about a year or two say they ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=OTNiZWMzYWFjMzU
PTT offers $960 mln to buy out Sakari to increase coal assets
Thailand’s top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel On Aug. 13, Sakari announced a joint venture with the Royal Group of ...
http://www.reuters.com/article/2012/08/27/sakari-ptt-idUSL3E8JR02420120827
Sugar Firm Offers Defense After Call for Probe of EU Trade Links
The director of a CPP senator’s sugar plantation accused of stealing land from hundreds of families said Wednesday that most locals were happy with the new jobs the plantation has generated, a week after a visiting European Union parliamentarian renewed calls for an investigation of ...
Zsombor Peter
http://www.cambodiadaily.com/news/sugar-firm-offers-defense-after-call-for-probe-of-eu-trade-links-51545/
Two years after offer, US yet to clean up war-era chemicals
Government officials on Thursday said they are still waiting for the U.S. Embassy to make good on a 2012 offer to clean up several barrels of the riot control agent CS that were dropped on Cambodia during the U.S.’ war with Vietnam and which the ...
Zsombor Peter and Saing Soenthrith
http://www.cambodiadaily.com/news/two-years-after-offer-us-yet-to-clean-up-war-era-chemicals-64930/
Institutions link to boost tourism
The Royal Academy of Cambodia (RAC) and Ministry of Tourism have agreed to team up to boost tourism in the Kingdom. Both institutions will soon sign a memorandum of understanding (MoU) to that effect. ...
Sok Chan
https://www.khmertimeskh.com/50720709/institutions-link-to-boost-tourism/
Social Work to shape Kingdom
Social work, long-established in developed countries but unheard-of in Cambodia, could be set to change the face of child protection in the country as interest in the field grows. Last week, a hundred potential social workers from around the country came to Phnom Penh for an ...
http://www.phnompenhpost.com/index.php/2012092558885/Lifestyle/social-work-to-change-cambodia.html
Indochine raises A$5.5m, sells 85% of Cambodia gold assets
ASX-listed Indochine Mining has completed the first part of a A$26.3-million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in Cambodia. Earlier this month, the precious metals developer ...
Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08
Requirements for the public offering of equity securities in Cambodia
Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities. ...
Inflation Report To Be Delayed Official Says
With prices creeping upward and the central bank looking to take monetary action to fight inflation, the government has suspended the publication of the monthly Consumer Price Index, an official at the Ministry of Pallning said yesterday. Sam Saroeun, deputy director of the statistic department ...
Oil dispute flares up
Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday. In a statement some commentators described as “coordinated attack” by ...
http://www.phnompenhpost.com/index.php/2011083151353/Business/oil-dispute-flares-up.html
ASEAN projects to receive Around 1 07 million tourists in 2015
Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...
Co-op law will bolster agriculture sector: PM
WITH the passing of a law on farmers’ co-operatives, the government hopes to streng-then the country’s growing agricultural sector, Prime Minister Hun Sen said in a speech at the National Institute of Education yesterday. “In time, I believe that economic growth will be tremendous in rural ...
Japanese Mizuho Bank looks into Cambodian financial sector
Mizuho Bank, one of Japan’s largest banks, opened a representative office here Monday thanks to increasing interest in Cambodia by Japanese investors, a bank official said. To date, Cambodia has five foreign banks’ representative offices, 34 commercial banks, seven specialized banks and 37 microfinance institutions, ...
http://news.xinhuanet.com/english/world/2013-07/08/c_132522621.htm
Anti-laundering law gets tougher penalties
The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...
http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html
Confidence at central bank
As volatility strikes Asian markets in anticipation of the US Federal Reserve winding down quantitative easing – the practice of injecting money into the economy – the National Bank of Cambodia says the Kingdom will remain largely insulated thanks to an investment market still in ...
http://www.phnompenhpost.com/2013062566455/Business/confidence-at-central-bank.html
Cambodian Sommeliers Head to Singapore for Regional Contest
Beer, whisky and strong, home-brewed moonshine have long been Cambodians’ favorite tipples, but with an ever-growing middle class, tastes are changing and if you’re part of the new elite, it is increasingly important to know your Pinot Gris from your Pinot Noir. To help enhance one’s ...
http://www.cambodiadaily.com/news/cambodian-sommeliers-head-to-singapore-for-regional-contest-40504/
Media Groups Call On ‘Political Elite’ to Protect Reporters
More than a dozen journalism and human rights groups have called on Cambodia’s political forces to protect journalists and guarantee citizens’ access to an open and unobstructed press during the current political unrest. In a statement released Wednesday, the Cambodian Center for Independent Media, along with ...
Lindsey Peterson
http://www.cambodiadaily.com/news/media-groups-call-on-political-elite-to-protect-reporters-45436/
Minimum temperature to drop to 18 degrees celsius this week
The minimum temperature would drop to 18 degrees Celsius from November 20 to 22, especially at the northeastern highland areas. ...
Khmer Times Staff
https://www.khmertimeskh.com/501395432/minimum-temperature-to-drop-to-18-degrees-celsius-this-week/