Beeline to launch 4G network by year’s end
Mobile network operator Beeline announced on Monday that it will launch a 4G service by the end of the year. Hout Vanthan, the chairman of parent company Sotelco, said the 4G network will be available in Phnom Penh by the fourth quarter of 2014. ...
Chan Muyhong
http://www.phnompenhpost.com/business/beeline-launch-4g-network-year%E2%80%99s-end
ADB says aid plan for railway evictees still under negotiation
The Asian Development Bank (ADB) on Wednesday insisted that the Cambodian government has not turned down any of its recommendations for helping thousands of families hurt by a Bank-funded project, claiming that talks over how to compensate and support the families were still underway. Last week, ...
Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/adb-says-aid-plan-for-railway-evictees-still-under-negotiation-57859/
ADB protest lands meeting, few results
About 60 residents from Phnom Penh and the provinces of Battambang, Banteay Meanchey and Preah Sihanouk who lost land or are in danger of losing land due to a railroad development project funded by the Asian Development Bank (ADB) protested outside its offices Thursday morning ...
Mech Dara
http://www.cambodiadaily.com/news/adb-protest-lands-meeting-few-results-62593/
Protesting families demand answers from ADB
Phnom Penh families who face losing a part of their land to a railway rehabilitation project being funded primarily by the Asian Development Bank (ADB) protested in front of the Bank’s country headquarters Monday over what they say has been a lack of transparency about ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/protesting-families-demand-answers-from-adb-66271/
No more ADB funding to finish stalled railway project
ប្រធានធនាគារអភិវឌ្ឍន៍អាស៊ីដែលមកធ្វើទស្សនកិច្ច លោក តាកេហ៊ីកុ ណាកាវ (Takehiko Nakao) បានមានប្រសាសន៍កាលពីថ្ងៃអង្គារថា នឹងមិនមានប្រាក់ថែមទៀតពីធនាគារនេះដើម្បីបញ្ចប់គម្រោងដែលជាប់ គាំងនិងក្ស័យធន ដើម្បីស្ថារបណ្តាញផ្លូវដែកចាស់របស់ប្រទេសកម្ពុជា គឺគម្រោងមានទឹកប្រាក់១៤២លានដុល្លារ ដែលត្រូវគេចាត់ទុកថាជាការផ្តួចផ្តើមហេដ្ឋារចនាសម្ព័ន្ធដ៏ សំខាន់។ ...
Zsombor Peter
https://www.cambodiadaily.com/news/no-more-adb-funding-to-finish-stalled-railway-project-79470/
IMF maintains Cambodia's projected growth at 7.2 pct in 2014
The International Monetary Fund (IMF) on Friday kept its projection for Cambodia’s economic growth rate at 7.2 percent this year and 7.3 percent next year. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-10/10/c_133705938.htm
ADB bidding in K Cham canceled as row erupts
Officials delayed the bidding process for three projects funded by the Asian Development Bank (ADB) on Wednesday after heated arguments between bidders broke out in Kompong Cham province’s Choeung Prey district, local officials said on Thursday. ...
Open economy needs new strategy for regional integration
Cambodia must do more than open its borders for trade and investment if it hopes to benefit from regional economic integration and reduce the glaring economic inequality wrought by entrenched patronage networks and corrupt institutions, according to a new report by the Asian Development Bank ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/open-economy-needs-new-strategy-for-regional-integration-71127/
Donors meet over new civil servant per diems
Cambodia’s international donors met Tuesday to decide whether they will comply with the government’s recent move to increase the per diem that civil servants receive for attending work-related, out-of-office events. In July, Prime Minister Hun Sen signed off on a sub-decree raising the Daily Subsistence Allowance ...
Paula Brito
http://www.cambodiadaily.com/news/donors-meet-over-new-civil-servant-per-diems-72133/
Koreans eyeing bank IPO
Korean investors are looking forward to investing in the local stock market as it prepares to welcome Acleda Bank Plc into its main board. With Acleda Bank, one of the largest Banks in the Kingdom, scheduled to go public in upcoming weeks, hundreds of Korean businesspeople ...
May Kunmakara
https://www.phnompenhpost.com/business/koreans-eyeing-bank-ipo
$80 million requested from RDB for upcoming harvests
The Cambodia Rice Federation (CRF) has requested the state-run Rural Development Bank of Cambodia (RDB), reserve an additional $30 million to purchase paddy from the Kingdom’s rice farmers during the upcoming harvest seasons. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50701110/80-million-requested-from-rdb-for-upcoming-harvests
Women slow to climb Cambodia's market
Women’s economic roles in Cambodia have made slower progress than in many other countries in the Asia-Pacific region, World Bank economists said yesterday. The region as a whole has seen tremendous gains in the way of gender equality during the past 20 years, but increasing wages ...
http://www.phnompenhpost.com/index.php/2012061956865/Business/women-not-on-top-in-market.html
Rice farmers seek funding, blaming change in seasons
The Cambodia Rice Federation (CRF) has asked the Agriculture and Rural Development Bank (ARDB) to release more funds and requested an extension to the loan cycle repayments, blaming an adjustment in the harvest season. ...
Sorn Sarath
https://www.khmertimeskh.com/50757893/rice-farmers-seek-funding-blaming-change-in-seasons/
Government funds farmers in Battambang
The Agriculture Community Group stated that Royal Government’s financing assisted farmers in Battambang and expanding the cultivation of vegetables grown in netted green houses. ...
Khmer Times Staff
https://www.khmertimeskh.com/50902238/government-funds-farmers-in-battambang/
Rice sector gets $50M boost for summer-autumn season
Cambodia Rice Federation (CRF) members have received about $50 million in loans for working capital to buy paddy from farmers during the ongoing early-rice, or summer-autumn harvest season, which is expected to yield nearly three million tonnes, according to a senior CRF official. ...
Thou Vireak
https://www.phnompenhpost.com/business/rice-sector-gets-50m-boost-summer-autumn-season
World Bank financial aid for Kingdom, Malpass says
Cambodia is among the East Asian and Pacific (EAP) countries set to receive financial support from the World Bank to underpin a resilient post-Covid-19 economic recovery, fuelled by solid vaccination progress, the Washington-based development lender’s president told The Post. ...
May Kunmakara
https://phnompenhpost.com/business/world-bank-financial-aid-kingdom-malpass-says
SME Bank disburses $54M loans to tourism related biz
A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501337906/sme-bank-disburses-54m-loans-to-tourism-related-biz/
Probe launched into ‘debt-related suicides’
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) are working together with members over the allegation on suicides and attempted suicides due to over-aggressive handling by loan officers in Ratanakkiri recently. ...
May Kunmakara
https://www.phnompenhpost.com/business/probe-launched-debt-related-suicides
Press release on the meeting to review and discuss the Draft MoU between the Ministry of Economy and Finance and the Wing Bank (Cambodia) Plc
On 14 August 2023, the General Department of Taxation of the Ministry of Economy and Finance issued a press release on the review meeting and discussion on the Draft Memorandum of Understanding on the use of services of Wing Bank (Cambodia) Plc for tax revenue ...
General Department of Taxation
Credit Bureau marks 10 years of service
The Credit Bureau of Cambodia (CBC) is celebrating a decade of providing the invaluable service of credit reporting in Cambodia, creating a financial system when giving out loans. ...
Prak Chan Thul
https://kiripost.com/stories/credit-bureau-marks-10-years-of-service