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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 ...

http://www.cambodiadaily.com

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

Cambodia ranked ninth most at risk for disasters

Cambodia was ranked the ninth most at risk country of being exposed to natural disasters out of 173 countries surveyed in a new report by the UN University’s Institute for Environment and Human Security A UNDP report released in August supported the World Risk report’s findings ...

Despite deadlock, PM says business as usual

Despite the country remaining trapped in a tense political stalemate that shows no signs of abating, Prime Minister Hun Sen yesterday reiterated that the government would continue working as normal while the opposition’s boycott of parliament continues. “I will not talk about the political situation, as ...

Vong Sokheng
http://www.phnompenhpost.com/national/despite-deadlock-pm-says-business-usual

Hun Sen: Cambodia has no law to require the government to send draft law to NGOs

Prime Minister Hun Sen said on Monday that the cabinet is not obliged by any law to seek suggestions from the civil society. The premier made comments at a graduation ceremony of Asia European University in response to non-government organizations which condemned the approval on April ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=YmM2YjYxMzIxNmU

Call for new 7-Eleven to stock half local produce

It’s hoped 50 percent of Cambodian-made products will be on sale at new 7-Eleven stores, a universally well-known convenience store, when it opens in Cambodia next year. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50722453/call-for-new-7-eleven-to-stock-half-local-produce/

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.​ ...

Som Kanika
https://www.khmertimeskh.com/50747687/mou-between-three-institutions-to-reinforce-agriculture-and-environment/

Gov’t urged to pass access to information law

Cambodia on Friday commemorated International Day of Universal Access to Information with a conference that gathered over 150 representatives from the government, civil society, indigenous communities, youth groups, organisations of persons with disabilities and political parties. ...

Taing Rinith
https://www.khmertimeskh.com/501161228/govt-urged-to-pass-access-to-information-law/

44 staff members for national arbitration center selected

After years of trying to find suitable staff, the Ministry of Commerce on Friday released a list of 44 arbitrators who will be in charge of running the National Arbitration Center (NAC), a body designed to offer businesses a commercial dispute mechanism alternative to Cambodia’s ...

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