News
KDIC puts Tomato Bank on the chopping block
Tomato Specialized Bank, the smallest bank in the Kingdom, is attempting to sell a majority stake in its operations in order to dilute the equity stake of its defunct majority shareholder while securing a partner able to help it meet the central bank’s revised minimum ...
Checks for rice exporters
More than 40 rice millers have applied for quality checks to allow for export to China but most have not yet reached a high enough standard, the Agriculture Ministry said. Applications were received in a second call for expressions of interest after 28 millers gained certification ...
Investment fund suggested for Cambodia
Industrial insiders and experts on the kindgom’s nascent stock market have suggested the government set up a fund as an investment vehicle designed to broaden the local public investor base, based on The Thai Fund. Incorporated in 1987, TTF is a non-diversified, closed-end management investment ...
New facility for mentally ill patients
A mental illness treatment center will be built in Kandal province’s Kandal Stueng district at a cost of $500,000 in a collaborative effort by the Ministry of Social Affairs, Phnom Penh City Hall and Kandal Provincial Hall. On March 11, Social Affairs Minister Vong Soth, ...
Robust factory growth charted
Cambodia has seen a marked increase in industrialisation over the past five years, with the number of factories nearly doubling during that period and producing a broader range of goods for both export and domestic consumption, according to new unreleased government data. In the yet-unpublished ...
Councillors decry omission
A sitting Sam Rainsy Party commune chief and council members from four communes in Ratanakkiri on March 12 decried their omission from the Cambodia National Rescue Party’s list of candidates for the upcoming June ballot. About 88,000 candidates were put forward to the National Election ...
Villagers affected by dam meet with government officials
Villagers from Stung Treng whose homes stand to be flooded by the Lower Sesan II dam met with representatives of the Ministry of Mines and Energy at an NGO Forum-sponsored meeting in Phnom Penh on March 9, in hopes of establishing a dialogue towards a ...
Floating villages to be grounded
A government minister has sounded the death knell for Tonle Sap picturesque floating villages after outlining a long-term plan to rehome all those living on the lake. Agriculture Minister Veng Sakhon on March 9 told Khmer Times he wants to relocate thousands of families living on ...
Mekong riverbanks to be restored
Mines Ministry officials on March 9 announced a project to shore up sections of the Mekong river affected by erosion that threatens families in Kandal province’s Mok Kampol district. Fifty-nine families living along the river say they have been affected by riverbank collapses. Speaking to about 100 ...
Local airlines to face headwinds
Cambodian airlines trying to grow and capture a slice of the more promising Chinese market will face stern competition from more-established international carriers, while new startups could struggle to gain a foothold in the Kingdom’s relatively small market, according to new research by the Centre ...
