Khmer Times
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, ...
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 ...
Myanmar urges closer ties with military
Myanmar’s army chiefs want to increase cooperation with Cambodia in a bid to build closer bilateral ties, according to a senior military official. General Ith Sarath, the deputy commander of the Royal Cambodia Armed Forces, made the comments yesterday after a meeting between Defense Minister ...
Oil imports lift US trade deficit
The US trade deficit jumped to a near five-year high in January as rising oil prices helped to push up the import bill, pointing to slower economic growth in the first quarter and posing a challenge for the Trump administration. President Donald Trump took office ...
HomePro mulls investment in Cambodia
HomePro, a leading home improvement retailer in Thailand, is mulling expansion to neighboring countries – including Cambodia next year – with an investment budget of between $170 million and nearly $200 million. Rakpong Aroonwatdhana, HomePro’s head of investor relations, is quoted by the Bangkok Post ...
Vietnam’s Mobile World Group enters Cambodia
Mobile World Group will launch its first store called BigPhone.com in Cambodia in the first quarter of this year, according to Viet Nam News. The store is under construction, general director of MWG Tran Kinh Doanch was quoted as telling the English daily. “Once operation, the ...
License for Cambodia investment tax service
Cambodia Investment Tax Service has become the 44th tax agent to get a license from the General Department of Taxation since the government made an effort to modernize and make more efficient tax collection by using private companies. Anthony Galliano, company group CEO, said licensing and ...
Palm oil prices set to drop
A rebound in Southeast Asia’s palm oil production this year is forecast to drag down prices of the tropical product in the second half, with additional pressure coming from an expected slowdown in demand from top importers India and China. Tight supplies following a drought in ...
