City poised for shopping mall boom
After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/city-poised-shopping-mall-boom
Japanese firms seek business options in Cambodia
Representatives of a dozen large Japanese companies arrived in Phnom Penh on Tuesday looking for business opportunities in the kingdom. Hidetoshi Nishimura, executive director of the Economic Research Institute for ASEAN and East Asia, led the delegation, whose members represent firms in industries such as technology, ...
State institutions ensure seated flatbed trucks for garment workers by 2024, buses by 2027
After several rounds of discussion since 2018, state institutions on Wednesday vowed to make it safer for workers across the country to have chairs to sit on while traveling to and from work, which has typically been flatbed trucks. ...
Phon Sothyroth
https://cambojanews.com/state-institution-ensure-seated-flatbed-trucks-for-garment-workers-by-2024-buses-by-2027/
Japan offers $310M in grants, loans to boost development
Japan is providing $310 million in development aid to Cambodia to help bolster the country’s economy. About $42.7 million will be delivered as aid, while the rest will be packaged into soft loans which Cambodia has to repay, but on very favourable terms. ...
Ry Sochan
https://www.phnompenhpost.com/national/japan-offers-310m-grants-loans-boost-development
Australian organic enterprise to offer Cambodian farmers overseas training experience
An Australian organic farming firm is offering jobs to Cambodians. The news came out at a meeting between Lexmin Pty Cambodia CEO Robert K Chelliah and Agriculture Minister Veng Sakhon yesterday. ...
Michael Firn
https://www.khmertimeskh.com/50908111/australian-organic-enterprise-to-offer-cambodian-farmers-overseas-training-experience/
Thai uni offers scholarships to 40 Cambodian students: PM
Prime Minister Hun Sen requested that Thailand’s Krirk University meet with the Ministry of Education, Youth and Sport to discuss recruitment after the school announced scholarships for 40 Cambodians. ...
Ry Sochan
https://www.phnompenhpost.com/national/thai-uni-offers-scholarships-40-cambodian-students-pm
Financial support offered to pregnant civil servants
FacebookTwitterEmailShareThe government will expand its support programme to female civil servants and contract workers who become pregnant, as enjoyed by pregnant garment workers to alleviate hardship and reduce poverty in Cambodia. ...
Hang Punreay
https://www.khmertimeskh.com/501316552/financial-support-offered-to-pregnant-civil-servants/
Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank
Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda Bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...
Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376
NBC asks financial institutions to be flexible with flood affected borrowers
The National Bank of Cambodia has asked financial institutions to implement flexible measures for borrowers who have been affected by flood, in a bid to ease the burden on financial flow and contribute to restoring families’ economic standards. ...
Chea Vanyuth
https://www.khmertimeskh.com/501170557/nbc-asks-financial-institutions-to-be-flexible-with-flood-affected-borrowers/
NBC sets new capital, risk rules for banks, financial institutions
The National Bank of Cambodia (NBC) yesterday released two proclamations that set new requirements for depositing-taking banks and financial institutions to strengthen the quality of their capital to increase the effectiveness of preventing main banking risks and assess credit risks at lower rates to boost ...
Kang Sothear
https://www.khmertimeskh.com/501318139/nbc-sets-new-capital-risk-rules-for-banks-financial-institutions/
Banking and Financial Institutions' Code of Conduct, Lending Guidelines go into 'full implementation'
Prominent market players have affirmed that they are on board with the Banking and Financial Institutions’ Code of Conduct (BFI CoC) and associated Lending Guidelines, as well as their underlying objective to drive trust and professionalism in the field, as these sets of rules go ...
May Kunmakara
https://www.phnompenhpost.com/business/banking-and-financial-institutions-code-conduct-lending-guidelines-go-full-implementation
Gov’t offers tax exemption
The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-offers-tax-exemption
Multiple suspects arrested over grenade attack, but police offer few details
Police have arrested at least five suspects over the past two days in connection to agrenade attack that rattled a Phnom Penh neighbourhood two weeks ago, injuring four people, but officials yesterday remained tight-lipped as to the suspects’ identities and motives. ...
Mech Dara and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/multiple-suspects-arrested-over-grenade-attack-police-offer-few-details
Pandemic offers challenges and opportunities to air ambulance industry
The ongoing COVID-19 pandemic presents both challenges and opportunities to medical consultancies and air ambulance businesses in Cambodia and other parts of Southeast Asia. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50807535/pandemic-offers-challenges-and-opportunities-to-air-ambulance-industry/
Chinese-built hydropower plant offers Cambodia greener future
The Chinese-built Lower Sesan 2 Hydropower Station is located in northeastern Cambodia on the Sesan River. ...
Khmer Times Staff
https://www.khmertimeskh.com/501390759/chinese-built-hydropower-plant-offers-cambodia-greener-future/
Tax incentives offered for expansion of Qualified Investment Projects
In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. ...
James Whitehead
https://www.khmertimeskh.com/501501730/tax-incentives-offered-for-expansion-of-qualified-investment-projects/
Investment Figures Show Billions of Dollars from China
China has become Cambodia’s biggest investor, putting some $8.8 billion into the country over nearly two decades, according to online data from the government’s lead investment agency. Those investment numbers, from the Council for the Development of Cambodia, from 1994 to 2011, do not take into ...
Few benefits for Cambodia from Thai rice policy
Against the backdrop of the ongoing Thai government’s rice-pledging policy, Thai rice exports are expected to further decline this year. While it may provide opportunities for Cambodia, the country has not yet benefitted much from the policy, industry experts said. “I think the Thai rice scheme ...
Fake fertiliser cuts crop yields
FARMERS’ crop yields are being undercut by unregistered middlemen selling fake fertiliser, and government efforts to combat this have proved ineffective, according to independent research from the Cambodia Development Resource Institute (CDRI). CDRI’s preliminary research, conducted as part of a larger program investigating agricultural policies for ...
http://www.phnompenhpost.com/2013030161683/Business/fake-fertiliser-cuts-crop-yields.html
Rise in Cargo Reflects a Diversifying Economy
The amount of air cargo entering and leaving Phnom Penh increased by almost 40 percent last year, and nearly 100,000 more business travelers to the capital were recorded during the first 11 months of last year compared to the same period in 2011, data from ...
http://www.cambodiadaily.com/business/rise-in-air-cargo-reflects-a-diversifying-economy-7214/