Rise in booze consumption prompts fresh calls for alcohol advert ban
A rise in alcohol consumption has triggered concerns over young teenagers, with organization urging the government to ban beer advertisements to curb the problem. ...
Meas Molika
https://kiripost.com/stories/cambodia-rise-in-booze-consumption-prompts-fresh-calls-for-alcohol-advert-ban
EDC tells banks to stop outsourcing collections
State-run energy utility Electricité du Cambodge (EdC) has askEd banks and microfinance institutions (MFIs) to stop using third-party services to collect payment of customer electricity fees, local mEdia reportEd yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/edc-tells-banks-stop-outsourcing-collections
U.S. General Electric to provide electricity grid maintenance services to EDC
US-based multinational conglomerate General Electric (GE) will sign a contract with Cambodia’s state-owned Electricité du Cambodge (edC) on Thursday, according to a press release issued Monday by the US embassy in Phnom Penh. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/us-general-electric-to-provide-electricity-grid-maintenance-services-to-edc-7862
NBC warns against unlicensed deposit schemes
The National Bank of Cambodia issued a letter on Wednesday clarifying that only seven microfinance institutions (MFIs) are licensed to accept deposits from the public. The notification came after the central bank noticed several “rural credit operators” – institutions smaller than a typical MFI that ...
Hor Kimsay
https://www.phnompenhpost.com/business/nbc-warns-against-unlicensed-deposit-schemes
Oddar Meanchey coal power plant set for next year
A 265MW coal-fired power plant in Oddar Meanchey province is scheduled to begin operations early next year as construction of the plant’s infrastructure and transmission line connecting to East Siem Reap Substation nears completion, according to deputy provincial governor di Rado. ...
Hin Pisei
https://www.phnompenhpost.com/business/oddar-meanchey-coal-power-plant-set-next-year
Singapore Invests in New Cambodian Bank
An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/singapore-invests-in-new-cambodian-bank-42137/
Education ministry starts anti-tobacco campaign
The Ministry of Education, Youth and Sports – in collaboration with partner organisations – has launchEd a campaign to push for the banning of advertisements and the sale of tobacco products at public and private Educational institutions. ...
Voun Dara
https://www.phnompenhpost.com/national/education-ministry-starts-anti-tobacco-campaign
Low revenue forces Cambodia’s oldest newspaper ‘Phnom Penh Post’ to end print publication by March 29
The Phnom Penh Post will cease publication by March 29 following a significant fall in advertising revenues since the Covid-19 pandemic and the subsequent economic downturn, although the paper will continue operating online. ...
Khuon Narim and Sovann Sreypich
https://cambojanews.com/low-revenue-forces-cambodias-oldest-newspaper-phnom-penh-post-to-close-march-29-final-print/
In Need of Power, Phnom Penh Blacks Out
Rolling blackouts that plagued Phnom Penh this week were the result of the city’s power supply being unable to meet demand as the country moves into the hot season, officials at state-owned Electricite du Cambodge (edC) said on Friday. Power Outages rolled over the city this ...
Investors go on trust law education drive
Prominent Cambodian-based investors are joining forces to shed light on the Law on Trust and advertise the Kingdom’s investment environment, to make up for missed opportunities due to the Covid-19 pandemic as the local outbreak remains under control. ...
Rann Reuy
https://www.phnompenhpost.com/business/investors-go-trust-law-education-drive
Cambodian-American naval officer pleads guilty
Nearly four decades after fleeing Cambodia as a child, a tearful Michael Vannak Khem Misiewicz returned to his home country in December 2010 on the U.S. Navy guided-missile destroyer he commanded; his fall from grace has been equally dramatic. ...
George Wright
https://www.cambodiadaily.com/news/cambodian-american-naval-officer-pleads-guilty-106934/
Gov’t to reduce reliance on hydro
The government will prioritise renewable energy development rather than hydroelectric power, Electricite du Cambodge (EdC) director-general Keo Rattanak has said. Private sector insiders have hailEd the decision, saying investment in solar power would make the Kingdom’s manufacturing sector more competitive due to lower prices. ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-reduce-reliance-hydro
Gov’t meets with landlords to discuss new electricity scheme
Less than a week after Prime Minister Hun Sen announced plans to reduce the price that migrant workers in Phnom Penh pay for electricity, the municipality hosted 12 public forums Monday to discuss a new payment scheme to be overseen by state operator Electricite du ...
EDC slows roll on discount
State energy provider Electricite du Cambodge (EdC) has announcEd plans to temporarily halt the installation of new connections under its energy discount initiative for garment workers and low-income students in Phnom Penh, a program union leaders have largely praisEd as effective. ...
Sarah Taguiam and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/edc-slows-roll-discount
Tobacco firms told to get in line by City Hall
Phnom Penh’s City Hall warned tobacco companies at a meeting yesterday to stop flouting a sub-decree that prohibits all forms of tobacco advertising, or else face closure or fines. The municipality said some companies were skirting the 2011 sub-decree by using more creative ways to sell ...
Sen David
http://phnompenhpost.com/national/tobacco-firms-told-get-line-city-hall
Sar Kheng urges migrant workers to report fraudulent brokers
Interior Minister Sar Kheng has reiterated his call for the public not to fall for misleading advertisement by unscrupulous brokers who take advantage of migrant workers and urged people to report them. ...
Taing Vida
https://www.khmertimeskh.com/50672618/sar-kheng-urges-migrant-workers-to-report-fraudulent-brokers
Demonstrators say jobs in Japan promised
Hundreds of Cambodians hoping to migrate to Japan to work in the electronics industry yesterday protested outside an NGO that they claim conned them out of up to $200 each with promises of jobs. About 100 protesters – out of a total of 300 who are ...
Sen David
http://www.phnompenhpost.com/national/demonstrators-say-jobs-japan-promised
In-stream adverts disappear from YouTube in Kingdom
The once omnipresent advertisements peppered throughout YouTube videos have disappeared for viewers in Cambodia, allowing domestic viewers to watch any video hosted on the site ad-free, regardless of its length or its country of origin. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50840933/in-stream-adverts-disappear-from-youtube-in-kingdom/
Power bill spikes raise alarm
Seemingly arbitrary increases in electricity prices are raising eyebrows in Phnom Penh, as residents’ bills are showing marked-up charges despite unchanged usage patterns – and frequent blackouts. Citizens are lodging complaints with the state-owned electricity company Electricite du Cambodge (edC), claiming that their bills are rapidly ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/power-bill-spikes-raise-alarm
China currency deals surge
As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...
http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html