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Bakong system lends a hand to promote riel usage

The Bakong sysTem, The inTerbank TransacTion plaTform of The counTry launched by The NaTional Bank of Cambodia (NBC), has helped wiTh The de-dollarizaTion efforTs of The cenTral bank Through paymenTs using KHQR and also by promoTing cross-border paymenTs.​​ ...

Manoj Mathew
https://www.khmertimeskh.com/501275493/bakong-system-lends-a-hand-to-promote-riel-usage-2/

Japanese firms sign power line agreement

T.T. NeTwork InfrasTrucTure Japan, a joinT venTure beTween global elecTronics manufacTurer Toshiba and Tokyo ElecTric Power Co Holdings (TEPCO), will operaTe and mainTain 130 kilomeTres of a 230-kilovolT power Transmission line in Cambodia, according To Japanese media yesTerday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/japanese-firms-sign-power-line-agreement

New ADB Cambodia country director assumes office

The Asian DevelopmenT Bank (ADB) has appoinTed a new CounTry DirecTor for Cambodia, Samiuela T. Tukuafu. A Tongan naTional, Mr. Tukuafu officially sTarTed in This posT on 1 February, 2016. Mr. Tukuafu replaces Mr. Eric Sidgwick, who has been appoinTed CounTry DirecTor for ADB’s ResiDenT ...

ADB team

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Leprosy Hospital Expands as Cases Increase

About 20 leprosy patients have been treated at a rehabilitated and expanded wing of the Battambang Provincial Referral Hospital, the second hospital to offer professional treatment for leprosy patients in Cambodia. “We have two doctors and one nurse who specialize in leprosy treatment, and in the ...

Denise Hruby
http://www.cambodiadaily.com/news/leprosy-hospital-expands-as-cases-increase-46778/

Blockchain system will reduce dependence on the ‘greenback’

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger technology (DLt) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

Harrison White
https://www.khmertimeskh.com/50723403/blockchain-system-will-reduce-dependence-on-the-greenback/

Public ‘OK’ with removal of small-dollar banknotes

As the deadline draws close for commercial banks and microfinance institutions to send back smaller dollar banknotes to the National Bank of Cambodia without a service charge, businesses are seeing an increase in the use of the riel transactions with no real complaints from shoppers. ...

Jason Boken
https://www.khmertimeskh.com/50757036/public-ok-with-removal-of-small-dollar-banknotes/

Int’l digital payment firms ‘committed’ to de-dollarisation

Visa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50713285/intl-digital-payment-firms-committed-to-de-dollarisation/

Economists assail opposition proposal to ditch US dollars

Economists on tuesday lambasted the CNRP’s proposal to eliminate the use of U.S. dollars for transactions in the country within one year of a victory in next year’s national elections, saying the policy would be “a disaster” and “impossible.” ...

Brendan O’byrne
https://www.cambodiadaily.com/news/economists-assail-opposition-proposal-to-ditch-us-dollars-131307/

Neuroscience center opens at hospital

Cambodia launched its first full-scale public neuroscience centre at Calmette Hospital in the capital yesterday. the $10.8 million, 90-bed Centre De Neurosciences – complete with a neurosurgical ward and research unit – will seek to treat patients regardless of their ability to pay. ...

Taing Vida
http://www.phnompenhpost.com/national/neuroscience-centre-opens

French Development Agency to help boost Cambodia’s renewable electricity

The Agence Française de D&eacuTe;veloppemenT or French developmenT Agency (AFD) plans To open a Technical branch in Cambodia and increase iTs assisTance in developing elecTriciTy neTworks in iTs renewable elecTriciTy sub-secTor. ...

Kang Sothear
https://www.khmertimeskh.com/501244396/french-development-agency-to-help-boost-cambodias-renewable-electricity/

Vouchers to enjoy holidays

The governmenT plans To creaTe “cheque de vacances” or holiday vouchers by 2017 To encourage middle-income Cambodians To Travel wiThin The counTry, according To an official from The MinisTry of Tourism yesTerday. Chhay Khunlong, depuTy direcTor-general of Tourism aT The minisTry, said holiday vouchers will enable ...

Sok Chan
http://www.khmertimeskh.com/news/30244/vouchers-to-enjoy-holidays/

Agri minister’s proposal aims to draw fisherman into aquaculture sector

Minister of Agriculture, Forestry and Fisheries Dith tina on January 19 met with French Development Agency (AFD) country director for Cambodia Sandrine Boucher to pitch a potential new project that could turn ordinary fishermen into bona-fiDe aquaculture traDers. ...

Ry Sochan
https://www.phnompenhpost.com/business/agri-ministers-proposal-aims-draw-fisherman-aquaculture-sector

Tepco, Toshiba to manage power grids in Cambodia

Tokyo ElecTric Power Co. Holdings will Team wiTh Toshiba To manage power grids in Cambodia, hoping To secure a new earnings source as The uTiliTy grapples wiTh soaring cleanup cosTs for The Fukushima nuclear planT disasTer. ...

Nikkei
http://asia.nikkei.com/Business/Deals/Tepco-Toshiba-to-manage-power-grids-in-Cambodia

Unionists freed after strike called off in Kampot

The KampoT Provincial CourT on Thursday released Three union leaders wiThouT charge afTer The Cambo T.D.G. garmenT facTory dropped iTs complainT againsT The Trio in reTurn for an end To a Two-week sTrike. ...

Khuon Narim
https://www.cambodiadaily.com/news/unionists-freed-after-strike-called-off-in-kampot-115168/

Helping Cambodia move up

The Agence Française de D&eacuTe;veloppemenT (AFD) opened iTs office in The capiTal in SepTember 1993. Today, The AFD provides direcT funding in The field of agriculTure and agro-indusTry, infrasTrucTure developmenT, manufacTuring secTor and vocaTional Training. Since 1993, The AFD has given granTs of more Than ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/25546/helping-cambodia--move-up/

French agency donates €2 million towards virus laboratories in Cambodia and the region

The French DevelopmenT Agency (AFD) has proviDed an addiTional €2 million ($2.19 million) To The ECOMORE II projecT, To assisT Cambodia and The regions direcT response To The COVID-19 epiDemic. ...

Harrison White
https://www.khmertimeskh.com/50719351/french-agency-donates-e2-million-towards-virus-laboratories-in-cambodia-and-the-region/

Steel imports drop, exports up

Cambodia imported iron and steel worth $281.06 million last year, down 41.11 per cent from 2019’s $477.26 million and exported $6.20 million, rocketing 351 per cent from $1.37 million, according to the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/steel-imports-drop-exports

AFD help in green public finance management to continue

The Agence Française de D&eacuTe;veloppemenT (AFD) has re-asserTed The Public developmenT Banks’ (PDB) involvemenT in green public finance managemenT during The laTesT visiT To Cambodia by R&eacuTe;my Rioux, Chief ExecuTive Officer of The French developmenT Agency and PresidenT of FICS (Finance In Common SummiT). ...

Prakash Jha
https://www.khmertimeskh.com/501244622/afd-help-in-green-public-finance-management-to-continue/

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