Mega-projects lead to big growth in approved investments
Approved investments in Cambodia reached $5.6 billion during the first nine months of the year, a 305 percent increase compared to the same period the year before, according to data from the Council of the Development of Cambodia (CDC). Last year’s approved investments during the same ...
Suspended funds stymie e-commerce law
The drafting of a law on e-commerce that would regulate electronic transfers in Cambodia has been postponed because the World Bank has suspended funds over the government’s handling of land evictions in Phnom Penh. In September, Commerce Minister Cham Prasidh said that the government should aim ...
Current accounts in control
Cambodia’s current accounts deficit has increased in recent years, but is not yet a cause for concern, according to experts. The Asian Development Bank’s July update showed Cambodia’s current accounts deficit stood at 11 percent of GDP in 2010, and statistics show the trade gap ...
http://www.phnompenhpost.com/index.php/2011080450869/Business/current-accounts-in-control.html
Banks offer millions to millers
Two Cambodian banks have set aside US$200 million for loans to bolster the Kingdom’s struggling rice-milling industry, officials said yesterday. The move comes as the Cambodian government has called on the private sector to boost loans to rice millers during the harvest season as a way ...
http://www.phnompenhpost.com/index.php/2011112352914/Business/banks-offer-millions-to-millers.html
MFIs watch rice loans
The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ...
May Kunmakara
http://www.khmertimeskh.com/news/30035/mfis-watch-rice-loans/
Rice Federation may rely on banks, gov’t for capital
The Cambodian Rice Federation (CRF) plans to borrow at least $400,000 for international marketing campaigns if it fails to meet its goal of raising $777,000 for the plans through imposing export fees on its members, the organization’s president said Friday at CRF’s annual conference. ...
Kang Sothear
https://www.cambodiadaily.com/business/rice-federation-may-rely-on-banks-govt-for-capital-77548/
Banks raise concerns for a new derivative trading law
The Association of Banks in Cambodia has called on the Securities and Exchange Commission to ensure that over-the-counter derivatives transacted by Banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. Speaking at a workshop in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/banks-raise-concerns-new-derivative-trading-law
Stalled interbank market clogging up liquidity
At least $1 billion in surplus liquidity is sitting idle in Cambodia’s banking system and could be unlocked if the central bank implemented a more effective interbank lending mechanism, experts say. ...
Cam McGrath
http://www.khmertimeskh.com/news/12776/stalled-interbank-market-clogging-up-liquidity/
FM: Cambodia ‘rescued’ ASEAN-China relationship
Foreign Minister Prak Sokhon defended Cambodia’s position on the South China Sea issue during a press conference at the Foreign Ministry yesterday, denying accusations that the Kingdom’s opposition to any joint Asean statement in support of the Philippines was tied to large loans and grants ...
Ven Rathavong
http://www.khmertimeskh.com/news/27835/fm--cambodia----rescued----asean-china-relationship/
China promises additional aid after ASEAN skirts sea dispute
China promised Cambodia funds for a variety of projects during a meeting between Prime Minister Hun Sen and Chinese Prime Minister Li Kequiang during this week’s Asean Summit in Vientiane, a minister attached to Mr. Hun Sen told reporters on Thursday night. ...
Khuon Narim
https://www.cambodiadaily.com/news/china-promises-additional-aid-asean-skirts-sea-dispute-117783/
UN Security Council vote up
Cambodia will know by the early hours of tomorrow whether its bid for a seat on the UN Security Council has been a success. The Kingdom is up against South Korea – the home country of UN Secretary-General Ban Ki-moon – and Bhutan for the Asia-Pacific ...
http://www.phnompenhpost.com/index.php/2012101859285/National-news/un-security-council-vote-up.html
Philippines seeks closer ties with Cambodia
Philippines Vice President Jejomar Binay says Cambodian Prime Minister Hun Sen supports the signing of agreements between Manila and Phnom Penh in rice trading and in fighting transnational crime. Cambodian officials have also expressed interest in launching direct flights between Manila and Phnom Penh. ...
Korean deal gives palm sugar farmers pay day
Palm sugar farmers in Kampong Speu province will soon export their goods to South Korea, the senior officer of a grower’s network said on Monday. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ...
Chan Muy Hong
http://www.phnompenhpost.com/business/korean-deal-gives-palm-sugar-farmers-pay-day
Booyoung Town moves slowly ahead
The plan to build the US$1.1 billion Booyoung Town commercial city and housing estate on Russian Federation Blvd near the 7 Makara Bridge is moving forward slowly while the political situation remains unclear. Despite the political situation, construction at Booyoung Town was slowly moving forward and ...
Siv Meng and Hin Pisei
http://www.phnompenhpost.com/real-estate/booyoung-town-moves-slowly-ahead
Database will assist farmers
Rural farmers will soon be able to access farming information via experts under an initiative of the International Fund for Agriculture Development (IFAD). The project, with Bangladesh-based Grameen-Intel, encourages local entrepreneurs to first reach out to small farmers and collect data about crops. This is then ...
Daniel de Carteret
http://www.phnompenhpost.com/business/database-will-assist-farmers
Cambodia's cassava export drops 13 pct in Q1
Cambodia had exported 213,530 tons of fresh and dry cassava in the first three months of 2014, down 13 percent compared with 245,440 tons over the same period last year, according to the figures provided by the Commerce Ministry on Sunday. However, the country saw a ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140525/cambodias-cassava-export-drops-13-pct-q1
China’s Hu Visits Cambodia as Asean Leaders Eye Sea Disputes
President Hu Jintao today becomes the first Chinese head of state to visit Cambodia in 12 years, in a trip days before Southeast Asian leaders gather for talks that may touch on territorial disputes in the South China Sea. Hu’s visit, which lasts until April 2, ...
Cambodia sets up working group to develop strategy to take advantage of free trade agreement with China, Korea
The Ministry of Commerce has set up a working group to study and collect input from stakeholders and the private sector to develop strategies to maximize the implementation of the Free Trade Agreement, of which Cambodia is a signatory. This was said by Pan Sorasak, ...
Khmer Times Staff
https://www.khmertimeskh.com/50966127/cambodia-sets-up-working-group-to-develop-strategy-to-take-advantage-of-free-trade-agreement-with-china-korea/
Fortified rice raises risk of hookworm infections
Eating fortified rice increases the risk of hookworm infections, a study in Cambodian schoolchildren shows, suggesting that the rice’s added nutrients inadvertently help parasites grow. ...
Mike Ives
http://www.scidev.net/asia-pacific/health/news/fortified-rice-risk-hookworm-infections-1.html
Thailand plans to buy Cambodian water
Thailand’s listed Eastern Water Resources Development and Management Plc’s subsidiary Universal Utilities Plc. a tap water provider, plans to spend some 200 million baht ($6 million) a year to buy water from the still to be built Stung Nam hydroelectric dam in Koh Kong province ...
May Kunmakara
http://www.khmertimeskh.com/news/37220/thailand-plans-to-buy-cambodian-water/