India pledges $50,000 to ECCC
The government of India announced yesterday that it will give $50,000 to the Extraordinary Chambers in the Court of Cambodia (ECCC), the tribunal tasked with the prosecution of the country’s former Khmer Rouge commanders. “On behalf of the ECCC we would like to express our gratitude ...
Safiya Charles
http://www.khmertimeskh.com/news/29660/india-pledges--50-000-to-eccc/
Japanese Hospital Opens for Tourists
At the unveiling of the new Japanese-owned Sunrise Hospital in Phnom Penh, Prime Minister Hun Sen said that such tourist-focused medical facilities would boost confidence in visitors and investors to Cambodia. Mr. Hun Sen described the $35 million hospital in Chrouy Changvar district, which on its ...
Sok Chan
http://www.khmertimeskh.com/news/29972/japanese-hospital-opens-for-tourists/
Move-out begins at White Building; no official deadline set
As residents began to move out of Phnom Penh’s iconic White Building on Tuesday, government officials were also present, handing out documentation to those leaving while microfinance staff offered their services.While some residents piled their possessions into trucks or blocked narrow hallways with unwanted goods, ...
Brendan O’byrne
https://www.cambodiadaily.com/second2/move-begins-white-building-no-official-deadline-set-131081/
Sumimoto Mitsui sins agreement with Acleda
One of Japan’s biggest banks, Sumimoto Mitsui Banking Corporation (SMBC) signed agreement with Acleda Bank to share market data and banking services. The deal will give Japanese investors information on the economy and offer other banking services and is aimed at improving bilateral trade and investment. The deal would ...
CIMBT expands intra-Asean ATM service
CIMB Bank Thai (CIMBT) clients will one day able to use ATMs for financial transactions anywhere in Asean. The regional linkage of ATMs is aimed at improving service and cost efficiency as a part of the CIMB Group’s regional strategy. Executive vice-president Dusanee Klewpatinontha said Cambodia has ...
http://www.bangkokpost.com/business/economics/312275/cimbt-expands-intra-asean-atm-service
National Electricity Provider Warns of Dry-Season Power Cuts
The national electricity provider has warned residents in Phnom Penh and in Kompong Speu and Kandal provinces to expect power outages in the coming months as supply would likely fall short of demand throughout the dry season. In a statement issued Friday, Electricite du Cambodge (EdC) ...
http://www.cambodiadaily.com/news/national-electricity-provider-warns-of-dry-season-power-cuts-6384/
ACLEDA Bank Plc. Extends Mobile Financial Services to New Segments with Mobiliti Reach from Fiserv
A leading global provider of financial services technology solutions, today announced that ACLEDA Bank Plc. (ACLEDA), the largest bank in Cambodia, has extended its ACLEDA Unity mobile banking and payments service to new, untapped consumer segments using Mobiliti Reach™ from Fiserv. The bank, which has ...
http://www.dailyfinance.com/2012/10/28/acleda-bank-plc-extends-mobile-financial-services-/
Cambodia Bourse Sees End to IPO Drought
Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...
http://online.wsj.com/article/SB10001424127887323894704578114560882515832.html?mod=googlenews_wsj
Minorities Choosing Private Over Communal
Though they held out hope for years that they would get communal land titles, hundreds of ethnic minority families in Mondolkiri and Ratanakkiri provinces have now opted to accept individual private land titles under Prime Minister Hun Sen’s new titling scheme. While individual titles offer immediate ...
BK evictees lose battle on plot size
Fourteen families evicted from Boeung Kak were left disappointed again yesterday when Phnom Penh’s governor ignored their calls to increase the size of land plots authorities had offered them. During a three-hour meeting, Governor Pa Socheatvong held firm on a 2011 decision that the families would ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/bk-evictees-lose-battle-plot-size
Cambodia's solar solution
Australia-based energy company Star8 officially launched operations on Friday at its solar-powered factory just outside of Phnom Penh. The ceremony marked the commencement of production on solar-powered tuk-tuks, the mainstay of the company. Hun Many, the youngest son of Premier Hun Sen, and Alison Burrows, the Australian ...
David Boyle and Koam Chanrasmey
http://www.phnompenhpost.com/video/cambodias-solar-solution
PPSP says shares are ‘undervalued’ in buyback
The industrial park operator Phnom Penh Special Economic Zone (CSX: PPSP) believes its falling share price now offers a good investment as the board proposed its share buyback plan to the regulator yesterday. ...
Harrison White
https://www.khmertimeskh.com/50793013/ppsp-says-shares-are-undervalued-in-buyback/
Cambodian mangoes now gaining popularity across Russian markets
Cambodian mangoes are gaining popularity across Russian markets offering a boost to the Kingdom’s agricultural sector, according to a representative of an agriculture firm that exports Cambodian mangoes to Russia and Central Asia. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501427846/cambodian-mangoes-now-gaining-popularity-across-russian-markets/
CPP secure 504 provincial council seats, KWP take 47
The ruling Cambodian People’s Party (CPP) claimed an overwhelming 504 of the 559 capital/provincial council seats on offer in the May 26 elections. ...
Ry Sochan
https://www.phnompenhpost.com/national/cpp-secure-504-provincial-council-seats-kwp-take-47
Teenager Rescued From T&P Training Center
Police and a human rights group said they rescued a 15-year-old girl from the training center of an overseas job recruitment agency in Kompong Chhnang province on Saturday. A rights worker said two more underage girls had been saved from being sent abroad to work ...
Report Notes Major Increase in Migrant Workers Abused
The number of migrant workers abused by their foreign employers abroad more than doubled in 2011, rights group Adhoc announced yesterday before calling on the government to improve its efforts to protect both migrant and repatriated workers. “It’s a dangerous sign,” said Adhoc president Thun Saray ...
Thailand boosting rubber exports a concern
Rubber growers and exporters have expressed concern that prices will continue to fall as Thailand seeks to boost its natural rubber exports, industry insider Men Sopheak said. In March, the International Tripartite Rubber Council (ITRC), which comprises Thailand, Indonesia and Malaysia, agreed to reduce rubber ...
Thou Vireak
https://www.phnompenhpost.com/business/thailand-boosting-rubber-exports-concern
UTCC: Rubber prices won't bounce back
Domestic rubber prices are likely to stay below 120 baht a kilogramme over the next five years due to the sluggish world economic outlook that has sapped demand. The lingering euro-zone debt crisis, weak growth in rubber-using countries and rising production in Asean will continue to ...
http://www.bangkokpost.com/business/economics/308754/utcc-rubber-prices-won-t-bounce-back
Room for Improvement in Cambodia’s Bank Sector
While Cambodia has made considerable strides in its banking sector, it still lags behind countries in the region in the areas of e-banking and access to services, industry experts attending the Fifth Banking and Microfinance Conference at the Intercontinental Hotel in Phnom Penh said yesterday. ...
EU's fish import ban not harming Cambodia's export: official
The European Commission’s proposed ban on fish imports from Cambodia would cause no harm to the country’s fish exports since it has never sold fish to European countries, a Cambodian fisheries chief said Wednesday. “The sanctions, announced by the European Commission on Tuesday, do not affect ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/27/c_132922402.htm