EU offers support in green transition and trade
The European Union plans to launch two initiatives aimed at promoting the green transition and fostering sustainable trade in Cambodia, according to new EU Ambassador to Cambodia, Igor Driesmans. ...
Mao Sreypich
https://kiripost.com/stories/eu-offers-support-in-green-transition-and-trade
Loans offered to struggling tourism Siem Reap businesses
The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...
Yatt Malai
https://kiripost.com/stories/loans-offered-to-struggling-tourism-siem-reap-businesses
MoU between three institutions to reinforce agriculture and environment
The Royal Academy of Cambodia (RAC), the National University of Management (NUM) and the Prek Leap National Institute of Agriculture (PLNIA) signed a memorandum of understanding yesterday in a bid to reinforce research and development of agriculture and environment. ...
Three institutions tasked to restore Tonle Sap Lake to conserve fish species
Prime Minister Hun Sen has tasked three institutions to work together to restore and deepen the Tonle Sap bed aiming to conserve fish species. ...
Khmer Times Staff
https://www.khmertimeskh.com/501083776/three-institutions-tasked-to-restore-tonle-sap-lake-to-conserve-fish-species/
Canadia, Cambodia Post to Launch New Bank
Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The bank, known as Cambodia Post Bank PLC, will provide ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/canadia-cambodia-post-to-launch-new-bank-40699/
NBC: Financial institutions in H1 restructure $5.5 billion in loans
The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank ...
Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans
NEC delegation returns from France with offers of support
The National Election Committee (NEC) will consider requesting support from France as it prepares to administer the July national election, its senior official said, noting that the French counterparts want to see the poll take place in a manner acceptable to all parties and in ...
Ry Sochan
https://www.phnompenhpost.com/national/nec-delegation-returns-france-offers-support
US offers 12 million more in aid for demining mission
The United States, as part of its ongoing commitment to help Cambodia achieve its objective of becoming a country free of landmines by 2025, has increased its financial assistance for the Kingdom’s mine clearance activities. ...
Som Sotheary
https://www.khmertimeskh.com/501469690/us-offers-12-million-more-in-aid-for-demining-mission/
Japan offers $103M aid and loan to Cambodia, both vow to strengthen relations cooperation
Cambodian and Japanese bilateral relationship and cooperation have further strengthened, following a visit by Japanese Foreign Affairs Minister Yoko Kamikawa on July 6. ...
Sovann Sreypich and Tang Porgech
https://cambojanews.com/japan-offers-103m-aid-and-loan-to-cambodia-both-vow-to-strengthen-relations-cooperation/
AEON widens HP to farmers
AEON Microfinance (Cambodia) Co Ltd says it has expanded its installment payment services into the agricultural sector, a new business type industry insiders say could be successful, but will still not be enough to strengthen one of Cambodia’s most crucial economic sectors. “We will co-operate with ...
http://www.phnompenhpost.com/2013052365789/Business/aeon-widens-hp-to-farmers.html
‘New Voices’: Poor Education Hurts Economic Growth
Economic growth has a close correlation with the quality of education, and not its quantity, a graduate student at the University of Chicago says. While education for all has been introduced in Cambodia, more needs to be done toward offering equal access to quality education, ...
VOA Khmer News Staff
http://www.voacambodia.com/content/new-voices-poor-education-hurts-economic-growth/1816811.html
Standard forms aim for public bid transparency
The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...
Stuart White
http://www.phnompenhpost.com/national/standard-forms-aim-public-bid-transparency
Inflation Hits 7.1 Percent in June, Officials Say
Inflation reached 7.1 percent in June compared to the same month last year as consumer prices continued to rise in Cambodia, an official at the Ministry for Planning said yesterday. The release of the inflation figure comes after officials and the ministry said earlier this ...
South Korea leads Asia’s big three as Cambodia’s leading investor
South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...
Japanese to bolster SEZ development
A GROUP of Japanese businessmen yesterday signed a memorandum of understanding with Sonatra Group chairman Sorn Sokna to develop a special economic zone along the Mekong River at the site of the Prey Veng ferry terminals. The ferry service is expected to become redundant when the ...
http://www.phnompenhpost.com/2013030561750/Business/japanese-to-bolster-sez-development.html
Vietnam and Cambodia hit back
Vietnam urged Laos to halt construction of a $3.5 billion hydropower dam pending further study, environmental activists said on Friday after a meeting of the Mekong River Commission. The activists said Cambodia, also downriver from the Xayaburi dam, accused Laos during heated discussions on Wednesday and ...
http://bdnews24.com/environment/2013/01/21/vietnam-and-cambodia-hit-back
Infrastructure spending rises
Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about US$2.5 billion — a sum an opposition politician says is too low and is ineffectively put to use. In his opening remarks at the seventh Cambodia Outlook Conference, Prime Minister Hun Sen said public ...
http://www.phnompenhpost.com/2013022261558/Business/infrastructure-spending-rises.html
A smooth ride?
It’s not a claim every country can make, but Cambodia builds its own cars. A country known for its low-skilled workforce, the Kingdom exceeded expectations with its January release of the Angkor Car, a mini-electric vehicle able to get up to 300 kilometres per charge. ...
In Washington, ‘Mekong Days’ Puts River in Focus
Advocacy groups, environmentalists and policy-makers have wrapped up five days of events surrounding Mekong River issues in Washington. “Mekong Days,” a series of talks, films and other forums that ended Tuesday, highlighted issues in the region, where some 60 million people live. The Mekong River, a major ...
http://www.voacambodia.com/content/in-washington-mekong-days-puts-river-in-focus/1630640.html
Huge Increase in MFI Loans, Deposits
More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and ...
http://www.phnompenhpost.com/2013050265366/Business/huge-increase-in-mfi-loans-deposits.html