Khmer Times
Make RCEP a success, says Hun Sen
Cambodia is committed to join hands with other Asean member states to make the Regional Comprehensive Economic Partnership (RCEP) a success after the cancellation of the US-backed Trans-Pacific Partnership (TPP), said Prime Minister Hun Sen yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/36681/make-rcep-a-success--says-hun-sen/
Credit Bureau Cambodia expands database, makes switch to riel
The credit histories of about 400,000 borrowers were added to its database last year, raising the number to slightly more than 4 million in credit bureau database, Credit Bureau Cambodia Interim CEO Mr. Oeur Sothearoath says at the bureau’s newly opened office in Vattanac Capital. ...
Khmer Times
http://www.khmertimeskh.com/news/36598/credit-bureau-cambodia-expands--database--makes-switch-to-riel/
Maybank sees mobile banking as key to promoting the riel
There is a simple reason why Maybank has been named the most innovative bank in Malaysia, explains the CEO of its Cambodian subsidiary. “We have observed that innovation has no borders,” says Ms. Cynthia Liaw in her office at the bank’s headquarters on Norodom Blvd. ...
Khmer Times
http://www.khmertimeskh.com/news/36596/maybank-sees-mobile-banking--as-key-to-promoting-the-riel/
Wing promotes Khmer riel circulation among its customers
Made by Cambodians for Cambodians, Wing (Cambodia) Limited Specialized Bank, the leading mobile banking services provider in Cambodia, is proud to join the National Bank of Cambodia (NBC) in promoting Khmer Riel usage among its customers across the country by establishing service charges, as well ...
Khmer Times Team
http://www.khmertimeskh.com/news/36594/wing-promotes-khmer-riel--circulation-among-its-customers/
TRC curbs phone service offers
A new deadline has been set for mobile operators Cellcard, Smart and Metfone to stop their promotional money exchange program by March 30, according to the Ministry of Posts and Telecommunication. ...
Sok Chan
http://www.khmertimeskh.com/news/36631/trc-curbs-phone-service-offers/
Cambodia’s rich currency heritage
These coins was found at excavation sites and archaeologists believe many more have yet to be uncovered, pointing to depictions of coins on objects from the Nokor Phnom era (also known as the Funan era), which dates back to the 1st century and is recognized ...
Riel Gains
http://www.khmertimeskh.com/news/36634/cambodia---s-rich-currency-heritage/
Minister urges more help for addicts
Interior Minister Sar Kheng has warned the number of drug users in the country has reached 20,000, as he urged authorities to do more to tackle the problem. ...
Ven Rathavong
http://www.khmertimeskh.com/news/36579/minister-urges-more-help-for-addicts/
Thais waive border fees for New Year
Thai officials will next month waive fees at border gates to allow workers from Cambodia to return home for the New Year. The Cambodian embassy in Thailand yesterday confirmed the move to Khmer Times and said the free pass will apply to all Cambodian workers and ...
Mom Kunthear
http://www.khmertimeskh.com/news/36583/thais-waive-border-fees-for-new-year/
Silk weavers find it tough
Today, mulberry trees are a rarity in Cambodia – most of them having been destroyed during the Khmer Rouge era – and silk weavers in Phnom Penh’s main silk producing area in Koh Dach, an island on the Mekong river, have no choice but to ...
Chea Vannak
http://www.khmertimeskh.com/news/36568/silk-weavers-find-it-tough/
Timber graft case snares officers
More than 10 police and military officers in Mondulkiri province have been summoned for questioning over a big corruption case involving illegal timber exports to Vietnam. ...
Pech Sotheary
http://www.khmertimeskh.com/news/36585/timber-graft-case-snares-officers/
Kingdom mourns for Sok An
With the passing of Deputy Prime Minister Sok An on Wednesday, Prime Minister Hun Sen has lost one of his closest right hand men, someone who has been by his side for more than three decades since the fall of the Khmer Rouge in 1980. ...
Cheang Sokha
http://www.khmertimeskh.com/news/36584/kingdom-mourns-for-sok-an/
NEC says 12 parties contesting in elections
The National Election Committee yesterday announced the names of the 12 political parties that will be contesting the June commune elections. The NEC also released the names of the two organizations which applied to become observers of the electoral process. ...
Pech Sotheary
http://www.khmertimeskh.com/news/36576/nec-says-12-parties-contesting-in-elections/
Greater riel use could boost foreign reserves
When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...
Riel Gains
http://www.khmertimeskh.com/news/36512/greater-riel-use-could-boost-foreign-reserves/
Cambodia, Vietnam build ties
Cambodia and Vietnam have vowed to build closer ties and improve border trade after three days of closed-door meetings. Chum Sounry, the spokesman for the Foreign Affairs Ministry, said officials from the two countries spent time discussing how to work together on agriculture, education, culture, energy, ...
Ros Chanveasna
http://www.khmertimeskh.com/news/36532/cambodia--vietnam-build-ties/
Six hurt as storm damages homes
At least six people were injured and 150 properties damaged during a storm in Pursat, Preah Vihear and Rattanakiri provinces. Preah Vihear province’s deputy police chief Chorm Sam Ol said yesterday that based on preliminary reports, the storm started on Tuesday afternoon and destroyed 83 homes ...
Pech Sotheary
http://www.khmertimeskh.com/news/36529/six-hurt-as-storm-damages-homes/
Parliaments share auditing experience
The Cambodian, Laos, and Vietnam parliaments have shared a stage to discuss their expenditure experiences and improve transparency and auditing of public investment in areas such as infrastructure. ...
Sum Manet
http://www.khmertimeskh.com/news/36507/parliaments-share-auditing-experience/
Thais eye appliances market
Thailand expects exports of electrical and electronic components and devices to Cambodia to grow to about $50 million this year due to high demand. ...
Chea Vannak
http://www.khmertimeskh.com/news/36510/thais-eye-appliances-market/
ANZ Royal home loan center
More Cambodians took out home loans last year than the year before, prompting banks like ANZ Royal to provide specialized services for the growing sector. ...
May Kunmakara
http://www.khmertimeskh.com/news/36508/anz-royal-home-loan-center/
Residents protest at road plans
A group of 70 people from six communities in Phnom Penh have petitioned City Hall to clarify how the construction of rail side roads will affect them, amid fears they could lose their homes. ...
Pech Sotheary
http://www.khmertimeskh.com/news/36528/residents-protest-at-road-plans/
Thailand rail link held up by compensation claims
Government officials are working to settle compensation claims for 50 families living alongside a kilometer of rail track in Poipet town, to allow a rail link between Cambodia and Thailand to open by the middle of the year. ...
Chea Vannak
http://www.khmertimeskh.com/news/36509/thailand-rail-link-held-up-by-compensation-claims/
Sok An passes away in Beijing
Deputy Prime Minister Sok An, one of the most senior officials in the ruling Cambodian People’s Party and who recently received a royal title from King Norodom Sihamoni, died last night. ...
Cheang Sokha
http://www.khmertimeskh.com/news/36533/sok-an-passes-away-in-beijing/
First submarine cable launched
Cambodia’s first submarine telecoms cable, costing $100 million, that will strengthen existing internet capacity and greatly increase connectivity speed at lower cost, was officially launched yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/36511/first-submarine-cable-launched/
Greater use of the riel will lower interest rates
A legal framework that ensures a “sound, strong and efficient” financial sector has ensured the swift expansion of banking services throughout the country, but borrowing rates remain high and a large segment of the population – primarily those in rural areas – face difficulties accessing ...
Riel Gains
http://www.khmertimeskh.com/news/36456/greater-use-of-the-riel-will-lower-interest-rates/
Palm oil price drop to hit local market
Palm oil production is expected to drop over the next few months but instability in the international market is likely to drive down local prices by the start of next year, a Cambodian palm oil producer has warned. The price of crude palm oil in ...
Chea Vannak
http://www.khmertimeskh.com/news/36454/palm-oil-price-drop-to-hit-local-market/