Govt wants word with VOA, RFA
The Ministry of Information and Council of Ministers has summoned representatives from US government-funded radio stations for an unprecedented meeting to discuss the stations’ content, goals and level of professionalism, government officials said yesterday.
In a letter dated Monday and signed by Minister of Information Khieu Kanharith, Radio Free Asia (RFA) and Voice
OSK and RHB bank in merger deal
OSK Holdings Berhad and RHB Capital Berhad have announced the signing of a conditional share purchase agreement to merge their investment banking operations, creating the largest investment bank by assets in Malaysia, an official press release said.
http://www.phnompenhpost.com/index.php/2012060556578/Business/osk-and-rhb-bank-in-merger-deal.html
Climate action plan needed
World Bank President Jim Yong Kim said yesterday that climate change will be a concern in some Asian countries, including Cambodia.
He encouraged the countries to find ways to manage any affects on their economies. Economists recognize it will lower growth in some main sectors of the economy –
http://www.phnompenhpost.com/index.php/2012101259257/Business/climate-action-plan-needed.html
Garment Makers Gear Up for IPOs
Two foreign-owned garment manufacturers will submit disclosure documents to Cambodia’s capital market regulator next month, the companies’ underwriter Phnom Penh Securities Firm Plc. said yesterday.
The initial public offerings for the two private companies, expected by the end of the year, should boost action on the
http://www.phnompenhpost.com/index.php/2012062957093/Business/garment-makers-gear-up-for-ipos.html
Sihanoukville port sees steady growth
Revenue at Sihanoukville Autonomous Port increased 13.6 per cent year on year between January and June, port officials confirmed yesterday.
As the state-owned enterprise gears up for listing on the Cambodia Securities Exchange, the neighbouring Sihanoukville Special Economic Zone will play an increasingly important role in
http://www.phnompenhpost.com/index.php/2012070357157/Business/sihanoukville-port-growth.html
UK, US pledge ASEAN support
The United States has expressed its commitment to the success of next week’s 19th ASEAN Regional Forum, which will be held in Phnom Penh, while British Foreign Office Minister Jeremy Browne said on the same day that the United Kingdom plans to strengthen its relationship
http://www.phnompenhpost.com/index.php/2012070557222/Business/uk-us-pledge-asean-support.html
Japanese companies face domestic employee shortage
Japanese companies are facing a shortage of skilled workers which is hindering progress in Japanese-owned electronic factories, the Japanese Business Association of Cambodia (JBAC) said.
The statement comes after the Asian Development Bank said in April that a shortage of skilled workers would continue to hinder
China may fund Cambodia-Vietnam rail
Cambodia was in discussions with the Chinese government on funding for a 250-kilometre stretch of rail line between Phnom Penh and Vietnam, in what Cambodian officials yesterday called a move away from a “complicated” Asian Development Bank loan.
Va Sim Sorya, director general at the Ministry
http://www.phnompenhpost.com/index.php/2012061356758/Business/china-to-fund-cambodia-rail.html
Phnom Penh Autonomous Port pushes for IPO
Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse.
The port would join Telecom Cambodia and Sihanoukville Autonomous Port, both of which
Cambodia Verifies the World’s First VCS Triple Gold CCB Avoided Deforestation Project
SAN FRANCISCO — The Oddar Meanchey REDD+ (Reduced Emissions for Deforestation and Degradation) project in Cambodia is the first in the world to complete verification of emission reductions under the Verified Carbon Standard (VCS) with a triple gold Climate, Community and Biodiversity (CCB) accreditation for emission
The Herald Staff
http://www.heraldonline.com/2013/09/24/5239878/cambodia-verifies-the-worlds-first.html
Telcos still vie for subscribers
The battle for subscriber numbers rages on in the still-clustered Cambodian mobile market.
Smart Mobile this week announced it passed the 3 million-subscriber mark, which would make it Cambodia’s second-largest operator by subscriber numbers after Vietnam’s Metfone.
Numbers obtained by the Post showed Cellcard with a consecutive
http://www.phnompenhpost.com/index.php/2012061456789/Business/telcos-still-vie-for-subscribers.html
Moody’s to review Cambodia's banks for downgrades
Moody’s Investor Services will review ACLEDA Bank and Cambodian Public Bank (Campu Bank) for potential downgrades, according to a release from the rating agency on Wednesday.
But the move comes primarily as a response to the global financial crisis and the rating agency’s attempt to realign sovereign ratings with
http://www.phnompenhpost.com/index.php/2012042055668/Business/moodys-eyes-kingdom-banks.html
Economic benefits of birth control reported
Additional investments in family planning yields economic benefits and would save developing countries more than US$11 billion annually, according to a UN report.
Better access to family planning in developing countries would reduce costs for maternal and newborn health care by $11.3 billion per year, according
Acleda to sell vehicle tax stamps
Cambodia’s government yesterday announced it had chosen the largest local bank, Acleda Bank Plc, to be its partner for vehicle tax stamp sales.
Acleda will operate for the General Department of Taxation of the Ministry of Economy and Finance in all 23 provinces and Phnom Penh.
Sim Eang, royal
Handbook on investing in Cambodia launched
FacebookTwitterEmailShare“Handbook on Investing in Cambodia” has been launched as a practical guide for foreign investors looking for opportunities in the Cambodian market, with a particular focus on the 2021 Law on Investment.
Khmer Times Staff
https://www.khmertimeskh.com/501322858/handbook-on-investing-in-cambodia-launched/
Cambodia receives $100 mn ADB loan for skills development
FacebookTwitterEmailShareThe ADB has approved a $100 million loan to enhance Cambodia’s labour force by addressing skills gaps through reforms in TVET.
Khmer Times Staff
https://www.khmertimeskh.com/501337397/cambodia-receives-100-mn-adb-loan-for-skills-development/
Ministry urges SMEs to embrace sustainability, inclusiveness
FacebookTwitterEmailShareThe small and medium enterprises (SMEs) in Cambodia play an important role in socio-economic development and it is necessary to encourage SMEs to embrace the principles of sustainability and inclusiveness, a top official said.
Adur Pradeep
https://www.khmertimeskh.com/501321304/ministry-urges-smes-to-embrace-sustainability-inclusiveness/
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/
Common synergies needed to ensure sustainability of the Lancang-Mekong river
FacebookTwitterEmailShareThe Lancang-Mekong Cooperation, comprises 6 member countries which are Cambodia, Laos, Myanmar, Vietnam, Thailand, and China.
Khmer Times Staff
https://www.khmertimeskh.com/501321079/common-synergies-needed-to-ensure-sustainability-of-the-lancang-mekong-river/
Investors start to see potential returns in Cambodian Startups
Lack of trust from investors has so far limited the growth potential of the growing number of Cambodian technology startups. Five-year old Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become one of the country’s first local tech startups
Sophat Soeung and Neou Vannarin
http://www.voacambodia.com/a/investors-start-to-see-potential-returns-in-cambodian-startups/3804195.html
