Government to freeze bank accounts of four tardy tycoons
Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-to-freeze-bank-accounts-of-four-tardy-tycoons-65593/
Hun Sen returns from South Korea trip
Prime Minister Hun Sen returned from South Korea on Monday having struck a series of deals with Seoul, including an agreement to explore the creation of a South Korean-funded agricultural university in Cambodia, according to one of Mr. Hun Sen’s advisers. Speaking to reporters at Phnom ...
Hul Reaksmey
https://www.cambodiadaily.com/news/hun-sen-returns-from-south-korea-trip-74257/
Power-grid study to tackle supply problems
U.S. conglomerate General Electric (GE) on Thursday inked a $1 million deal with Cambodia’s state-owned Electricite du Cambodge (EdC) to conduct a six-month study to identify weaknesses in Cambodia’s electrical grid with the aim of enhancing the reliability of the power supply. According to the EdC, ...
George Styllis and Kang Sothear
https://www.cambodiadaily.com/business/power-grid-study-to-tackle-supply-problems-74517/
UN concerns plentiful in Geneva postmortem
A UN rights panel that grilled government delegates in Geneva last month yesterday handed down its concluding observations on how Cambodia has implemented the International Covenant on Civil and Political Rights, which it acceded to more than two decades ago. The only positive aspects outlined by ...
Kevin Ponniah
http://www.phnompenhpost.com/national/un-concerns-plentiful-geneva-postmortem
Hun Sen issues warning to CNRP as activists refused bail
Prime Minister Hun Sen on Thursday warned the CNRP that the political deal he cut with the party last month could come undone if its 55 elected lawmakers do not turn up to this morning’s sitting of the National Assembly, the first to be scheduled ...
Hul Reaksmey and Mech Dara
http://www.cambodiadaily.com/news/hun-sen-issues-warning-to-cnrp-as-activists-refused-bail-65979/
As banking sector booms, overbanking looms
Last month, Cambodia’s nascent yet rapidly expanding banking sector saw the new arrival of Phillip Bank through the acquisition of Hwang DBS Commercial Bank by Singapore’s Philip Capital in a $40 million deal. The number of banks in the country has more than doubled since 2005, ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/as-banking-sector-booms-overbanking-looms-67824/
Costs thwart potential exports
Following Cambodia’s loss of a hefty Filipino rice tender to Vietnam last week, industry insiders say logistics and production costs are hampering the competitiveness of the Kingdom’s rice exports. Cambodia lost a 100,000-tonne tender for the fourth time running after its final price of $455.50 per ...
Charles Rollet
http://www.phnompenhpost.com/business/costs-thwart-potential-exports
New MoU will make loans easier to decide and repay
Agriculture Rural Development Bank (ARDB) together with Wing (Cambodia) Ltd Specialized Bank and Cambodia Investors Corp (CIC) inked a memorandum of understanding (MoU) to facilitate loan repayments, encourage the use of digital banking and to provide information to borrowers to guarantee the credit deal. ...
Sok Chan
https://www.khmertimeskh.com/50727796/new-mou-will-make-loans-easier-to-decide-and-repay/
Gov’t disburses support of $322.81 million for poor families
Despite the shrinking economy and having to deal with the daily fluctuation of the Covid-19 cases, the government still supported those heavily impacted badly by the pandemic by disbursing more than $300 million since June 25 last year. ...
Chhun Sunly
https://www.khmertimeskh.com/50869305/govt-disburses-support-of-322-81-million-for-poor-families/
High-end labels coming to Cambodia
The world’s most prestigious brands will be entering the market over the next 12 months as Blue Bell Group announced yesterday that it has secured a landmark deal to manage one of the country’s most-anticipated retail projects. ...
Husain Haider
https://www.khmertimeskh.com/50917137/high-end-labels-coming-to-cambodia/
Kingdom’s exports of organic foods to Oz set to gain boost
Cambodian organic exports to Australia are expected to gain more momentum after the government inked a deal with Lexmin Pty Ltd’s branch in the Kingdom, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-exports-organic-foods-oz-set-gain-boost
Makro stocks K Kong mussels
Koh Kong blue mussels are now available at Makro Supermarket in western Phnom Penh’s Sen Sok district, after a deal was struck with local communities in an effort to boost incomes and support the conservation of mangroves, according to a senior Ministry of Environment official. ...
Thou Vireak
https://www.phnompenhpost.com/business/makro-stocks-k-kong-mussels
Japan Heart, AEON mall to hold blood donation event
Japan Heart, an international paediatric cancer NGO, is holding a blood donation event in collaboration with AEON Mall Phnom Penh to help counter the acute blood shortages faced by patients in Cambodia and to raise awareness of the importance of donating blood to deal with ...
Hong Raksmey
https://www.phnompenhpost.com/national/japan-heart-aeon-mall-hold-blood-donation-event
New container terminal may not deliver for Cambodia
Shallow draft, lack of rail connectivity, uneasy relations with Vietnam, and the general slowdown may leave LM 17, Cambodia’s brand new $28-million container terminal near Phnom Penh, up the strait. Even if the terminal achieves the targeted throughput of 110,000 TEUs (it has moved 70,000 so ...
Hindu Business Line News Staff
http://www.thehindubusinessline.com/industry-and-economy/logistics/new-container-terminal-may-not-deliver-for-cambodia/article5061737.ece
New container terminal may not deliver for Cambodia
Shallow draft, lack of rail connectivity, uneasy relations with Vietnam, and the general slowdown may leave LM 17, Cambodia’s brand new $28-million container terminal near Phnom Penh, up the strait. Even if the terminal achieves the targeted throughput of 110,000 TEUs (it has moved 70,000 so ...
Hindu Business Line News Staff
http://www.thehindubusinessline.com/industry-and-economy/logistics/new-container-terminal-may-not-deliver-for-cambodia/article5061737.ece
Sihanoukville Runs Dry During Water Crisis
A water shortage in the tourist town of Sihanoukville has led authorities to advise scores of businesses to dig their own wells as only 50 percent of local demand is currently being met after high temperatures dried up the water supplier’s only reservoir. On March ...
http://www.cambodiadaily.com/news/sihanoukville-runs-dry-during-water-crisis-16609/
Records refute city’s claim of hospital visits
Staff at the Phnom Penh Municipal Referral Hospital said Tuesday that they had no record of a recent visit from a man who died late last month at the Prey Speu social affairs center, contradicting claims made by a city official. Both a file search by ...
Zsombor Peter and Ouch Sony
https://www.cambodiadaily.com/news/records-refute-citys-claim-of-hospital-visits-73915/
PM again asks Trump for ’70s-era debt relief
Prime Minister Hun Sen has once again called for the United States to drop the debt Cambodia incurred during the 1970s Lon Nol regime, just days after US Ambassador William Heidt said in No uncertain terms that the US had No such plans. ...
Touch Sokha
http://www.phnompenhpost.com/national/pm-again-asks-trump-70s-era-debt-relief
Malaysian Foreign Ministry: No public programme held during Sam Rainsy’s stay in Malaysia
Ministry of Foreign Affairs of Malaysia has issued a press release reassuring that there was no public programme held during the self-imposed exile Sam Rainsy’s stay in Malaysia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501301008/malaysian-foreign-ministry-no-public-programme-held-during-sam-rainsys-stay-in-malaysia/
Australian Police Say Appropriate Steps Taken in BHP Bribery Case
The Australian Federal Police (AFP) said Monday they have taken the necessary steps to investigate claims that the world’s largest mining company, BHP Billiton, bribed officials in Cambodia and played down reports that it had mishandled one the country’s largest cases in corporate corruption. “The ...