FASMEC MFI enters the lending market
Cambodia’s newest microfinance institution FASMEC Microfinance officially launched yesterday.With a start-up capital of $1 million raised from a handful of investors on the new company’s board, the MFI hopes to expand its loan portfolio by the end of 2016. ...
Kun Kourchettana
http://www.phnompenhpost.com/business/fasmec-mfi-enters-lending-market
Forum on financing to be held in Phnom Penh
Five international financial institutions will join forces with the National Bank of Cambodia (NBC) to hold the 1st Mekong Financial Inclusion Forum in Phnom Penh in July to explore and discuss the differences, similarities and opportunities for achieving financial inclusion in this unique region. ...
May Kunmakara
http://www.khmertimeskh.com/news/24603/forum-on-financing-to-be-held-in-phnom-penh/
Firm gives Ratanakkiri minorities cash for ceremony
Representatives of 14 ethnic minority communities in Ratanakkiri province on Friday accepted $1,700 each from Vietnamese rubber company Hoang Anh Gia Lai (HAGL) to buy a buffalo and hold a ceremony to appease the spirits that had been disturbed by the firm’s plantations. ...
Khuon Narim and Matt Blomberg
https://www.cambodiadaily.com/news/firm-gives-ratana%C2%ADkkiri-minorities-cash-for-ceremony-100330/
More than 2,000 ducks dead after latest bird flu outbreak
More than 2,000 ducks have died from the H5N1 bird flu in Siem Reap and Battambang provinces since Thursday in the first outbreak of the virus since March 2014, according to officials and the World Organization for Animal Health (OIE) on Tuesday. ...
Sek Odom
https://www.cambodiadaily.com/news/more-than-2000-ducks-dead-after-latest-bird-flu-outbreak-100648/
Lao rice-export target sparks alarm
Local rice millers and exporters have responded with alarm to the rice-export target set by the Lao government of 1 million tons this year, while Cambodian rice millers and traders have yet to overcome numerous barriers hindering their competitiveness at home and abroad. ...
May Kunmakara
http://www.khmertimeskh.com/news/22477/lao-rice-export-target-sparks-alarm/
Sugar company's compensation deals leave families bitter in Kampong Speu
In 2010, more than 1,500 families in Kampong Speu’s Oral district were evicted from the land they had cultivated since the fall of the Khmer Rouge regime in 1979 to make way for a Phnom Penh Sugar Company mega-plantation. ...
Jack Davies and Bun Sengkong
http://www.phnompenhpost.com/national/sugar-companys-compensation-deals-leave-families-bitter-kampong-speu
Khmer New Year festival brings in more income
Angkor Sangkranta, Siem Reap’s largest cultural festival held over Khmer New Year, raked in a total income of $95 million on the back of 1.6 million domestic and international visitors, a 23 percent year-on-year increase, state news agency AKP said yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/khmer-new-year-festival-brings-more-income
Winning the war on dengue
The ministry yesterday used National Dengue Campaign Day to announce that there were 1,133 reported dengue cases in the first 24 weeks of this year and just one fatality, compared with 2,447 dengue cases and five deaths in the same period last year. ...
Mom Kunthear
http://www.khmertimeskh.com/news/39932/winning-the-war-on-dengue/
Bangladesh signs big rice deal
Two weeks after Bangladesh and Cambodia signed a memorandum of understanding (MoU) in Phnom Penh to purchase rice from Cambodia, on Monday of this week Bangladesh signed a deal to buy 250,000 tonnes of milled rice from Cambodia. ...
Sok Chan
http://www.khmertimeskh.com/5078380/bangladesh-signs-big-rice-deal/
GMAC calls on government to help offset rising labour costs
The industry body representing Cambodia’s garment sector issued a statement yesterday urging the government to help manufacturers reduce the cost of doing business in order to offset a higher minimum wage and workers benefit package due to come into effect on January 1. ...
Hor Kimsay
http://www.phnompenhpost.com/business/gmac-calls-government-help-offset-rising-labour-costs
Divisions over map proposal
Opposition leader Sam Rainsy has said he believes Prime Minister Hun Sen’s recent push to convert the maps of Cambodia’s border with Vietnam to a scale of 1:50,000 and a UTM-style map projection would not require a constitutional amendment. ...
Meas Sokchea and Alex Willemyns
http://www.phnompenhpost.com/national/divisions-over-map-proposal
Parties’ funding plans differ
The two main political parties contesting the upcoming commune elections revealed disparate campaign budget plans yesterday, with the opposition pledging to spend over $1 million and a spokesman for the ruling CPP saying his party will not be creating a central campaigning budget at all. ...
Meas Sokchea
http://www.phnompenhpost.com/national/parties-funding-plans-differ
Emergency summit called over tear gas bomb crisis
The Ministry of Defence will today hold an emergency meeting on what to do with two tear gas barrel bombs found in Svay Rieng province. The bombs are believed to have been dropped by the United States during the Vietnam War. ...
Ros Chanveasna
http://www.khmertimeskh.com/5083637/emergency-summit-called-tear-gas-bomb-crisis/
PPAP to pay out dividends
Phnom Penh Autonomous Port (PPAP) will distribute a cash dividend of 1,059,039,488 riel ($261,148), or 256 riel per share, to its private shareholders for its 2016 operations, the port operator said in a filing to the Cambodian Securities Exchange (CSX). ...
Post Staff
http://www.phnompenhpost.com/business/ppap-pay-out-dividends
Cambodian-born Vietnamese deserve better: visiting official
A senior Vietnamese leader has met with Cambodia’s National Assembly to request the continued acknowledgement of Cambodian-born Vietnamese, Vietnamese investors and to request that young Vietnamese born in the country be allowed to study in Cambodian public schools. ...
Khy Sovuthy
http://www.khmertimeskh.com/5078152/cambodian-born-vietnamese-deserve-better-visiting-official/
Three chemical bomb victims back in hospital
Three villagers exposed to a chemical bomb in Svay Rieng province’s Korki commune have returned to hospital for further treatment after being discharged on Saturday. Deputy district governor Sour Mol said the three victims were readmitted because their conditions deteriorated. ...
Ven Rathavong
http://www.khmertimeskh.com/category/national/
Illegal Cambodian Workers in Thailand Could Be Deported
Thailand is warning it will expel 1.5 million illegal workers from the country, a move that could affect around 160,000 Cambodians. Rights workers in Cambodia say the migrant laborers deserve assistance from both Thai and Cambodian authorities to help them work and travel legally. ...
Volunteers Being Phase 2 Of Land-Titling Program
More than 2,000 student volunteers yesterday were sent to measure land in 19 provinces, starting the second phase of Prime Minister Hun Sen’s nationwide land-titling program. Of the 2,016 volunteers, 1,362 are new and the rest are returning for the second time. ...
Villagers Demand That Power Company Lower Rates
More than 1,000 families in four communes in Kandal province’s Lvea Em district submitted a petition Sunday to local officials demanding that a private electricity company either lower its rates or the commune switch to cheaper state-run power, villagers and commune chiefs said yesterday. ...