ADB admits mistakes over controversial railway project in Cambodia
In a rare admission, the Asian Development Bank has surprisingly acknowledged its own shortcomings following a controversial railway rehabilitation project in Cambodia that sparked complaints from thousands of displaced local residents affected by forced resettlements, insufficient compensations and neglect of their human rights. The concerns were confirmed by the Compliance ...
Lean Alfred Santos
https://www.devex.com/en/news/adb-admits-mistakes-over-failed-railway-project-in/82809
Ministry mulls Alibaba deal to boost int’l sales
The government is exploring the idea of entering into a memorandum of understanding (MoU) with Chinese e-commerce giant Alibaba Group to shore up international online sales of Cambodian products.Minister of Commerce Pan Sorasak on February 14 chaired a first key meeting of an ad-hoc working ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-alibaba-deal-boost-intl-sales
Central bank mulls its inflation response
Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising prices ...
Anti-Vietnam protesters bring a petition to foreign embassies
As scheduled, Khmer Krom citizens gathered Monday in front of French embassy in order to present their petition which asks the VN embassy’s spokesman to apologize for his comment over Khmer Kampuchea Krom territory. Some 500 students, monks, and citizens were led by leaders of Federation ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MWJmZWVhMzZkNzc
Cambodian workers to get Japan opportunity
The Japanese government will offer an opportunity for specialised Cambodian workers to work in Japan through a new Memorandum of Understanding (MoU) that might be signed in April, Minister of Labour and Vocational Training, Ith Sam Heng said. ...
Mech Dara
https://www.phnompenhpost.com/national/cambodian-workers-get-japan-opportunity
Cambodia urges tourism training on par with Asean
Cambodia is calling for the establishment of tourism institutes and universities to provide relevant skills in compliance with an Asean curriculum, Minister of Tourism Thong Khon said. He was speaking during the Sub-Forum on Yunnan-South Asia & Southeast Asia Tourism Vocational Education and Personnel Training ...
Post Staff
https://www.phnompenhpost.com/business/cambodia-urges-tourism-training-par-asean
$580,000 field laboratory for quality roads
A groundbreaking ceremony was held yesterday by the Ministry of Public Works to construct a $580,000 field laboratory at the Techo Sen Institute of Public Works and Transport. ...
Sen David
https://www.khmertimeskh.com/50917225/580000-field-laboratory-for-quality-roads/
Central bank fines MFI for shady lending
The central bank announced on Friday that it has fined an unnamed microfinance institution (MFI) $100,000 for engaging in non-transparent lending practices. ...
Hor Kimsay
http://www.phnompenhpost.com/business/central-bank-fines-mfi-shady-lending
NBC promotes riel liquidity
Commercial banks and microfinance institutions have acquired more than 209 billion riel in riel liquidity, worth $52.4 million, from the National Bank of Cambodia (NBC) since the central bank began its liquidity-providing collateralised operation (LPCO) in October 2016. ...
Sok Chan
http://www.khmertimeskh.com/50116187/nbc-promotes-riel-liquidity/
Tourism intervention package gets traction amid recovery
Seven months after the announcement of the $150 million co-financial intervention package, only $41.52 million has been released to the businesses affected by the Covid-19 pandemic by the state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) and other participating financial institutions, according ...
Kang Sothear
https://www.khmertimeskh.com/501216262/tourism-intervention-package-gets-traction-amid-recovery/
National Strategic Development Plan to combat corruption
The government has introduced the National Strategic Development Plan 2019-23 which will focus on increasing awareness and reinforcing precautionary measures and strategies to crack down and combat corruption. The strategies come in conjunction with the increasing need for ministries and institutions to collaborate with the ...
Mech Dara
https://www.phnompenhpost.com/national/national-strategic-development-plan-combat-corruption
Companies lag on listing rules
Adding its name to a rapidly growing list of private companies, Tonlesap Airlines is gearing up for an initial public offering on the Cambodia Securities Exchange. And like many of these companies, the listing is still years off as Tonlesap prepares the tax and financial information ...
http://www.phnompenhpost.com/index.php/2012083058376/Business/companies-lag-on-listing-rules.html
Cassava exports up, prices low
Though the export of cassava from Cambodia to foreign markets increased by more than 50 percent in 2016, compared with previous years, export earnings were still low due to below-market-prices offered by buyers in Thailand and Vietnam. ...
Chea Vannak
http://www.khmertimeskh.com/news/37174/cassava-exports-up--prices-low/
PM urges tighter rules on micro loans
Prime Minister Hun Sen told a summit on micro-finance development yesterday that stricter rules needed to be applied to organizations and institutions lending money as many people were being cheated, embezzled and losing their collateral to unscrupulous lenders. ...
Chea Vannak
http://www.khmertimeskh.com/news/22751/pm-urges-tighter-rules-on-micro-loans/
PATA Travel Mart set for Phnom Penh, Cambodia
The Pacific Asia Travel Association will hold the 37th PATA Travel Mart at Diamond Island Convention & Exhibition Centre, Phnom Penh, Cambodia. The event is being hosted by the ministry of tourism of Cambodia and will take place from September 17th-19th. PTM 2014 will offer delegates the ...
Breaking Travel News Staff
http://www.breakingtravelnews.com/news/article/pata-travel-mart-set-for-phnom-penh-cambodia/
Thai life insurer to enter local market
Bangkok Life Assurance expects to offer life insurance policies in Cambodia by the beginning of next year, according to Thai news outlets, adding to the list of international insurers looking to tap into the Kingdom’s nascent but potentially lucrative market. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/thai-life-insurer-enter-local-market
Fewer school hours to beat the heat
With temperatures reaching more than 40 degrees Celsius, the Ministry of Education, Youth and Sport announced on Thursday that it was amending school study hours to lessen the risk of illness for teachers and students, particularly those at kindergarten. ...
Ry Sochan
https://www.phnompenhpost.com/national/fewer-school-hours-beat-heat
MoU to strengthen co-operation between Cambodia and India
The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is expected to sign a Memorandum of Understanding with the Confederation of Indian Industries (CII) today to strengthen the co-operation on human resource training and quality control, an insider said. The Sokha, deputy director ...
ADB Institute: too much focus on 2015
Masahiro Kawai, dean of the Asia Development Bank Institute, believes too great a focus is being placed on the realization of the 2015 ASEAN Economic Community at the cost of considering middle- and longer-term issues in the ASEAN region. “Economic community-building is not going to be completed in ...
Cambodian scholars hail China's contribution to Silk Road Fund
Cambodian scholars have voiced their support to Chinese President Xi Jinping for his announcement of China’s contribution of 40 billion U.S. dollars for the establishment of a Silk Road Fund, saying that such a fund is vital for developing countries. Chheang Vannarith, senior researcher of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-11/10/c_133778379.htm