Cambodia Morning News For July 11

Cambodia Morning News For July 11

Cambodia morning news

REITs could offer investors a piece of the real estate boom
The Kingdom’s property sector is booming, but investment in commercial real estate and high-grade rental assets is capital-intensive, providing few opportunities for smaller investors. However, a new investment tool may be on the horizon that will allow a pool of individual investors to earn income from commercial real estate without having to actually buy the assets.
The Phnom Penh Post 

Chinese tourists in Cambodia surge 35.6 pct in 1st 5 months
Cambodia attracted 441,070 Chinese holidaymakers in the first five months of 2017, up 35.6 percent over the same period last year, according to a Tourism Ministry report on Monday.
Famagusta Gazette

Government approves law to guarantee energy purchase
The National Assembly approved a draft law yesterday that will guarantee the state’s purchase of electricity from two large-scale private energy projects, protecting the investments against any loss resulting from political instability.
The Phnom Penh Post

Ministry of Tourism’s Report on Cambodian Tourists
Data recently released by the Ministry of Tourism shows 700,027 Cambodians visiting abroad, an 18% increase in the numbers of Cambodians traveling internationally compared to 2016.
Fresh News 

First Garments Manufacturing Training Institute to Open
Cambodia’s first garments manufacturing training institute will begin classes today, aiming to educate a new generation of students in apparel design, development, management, merchandising and industry engineering.
The Cambodia Daily (paywall)

Speed Pay has plans for cash in a digital age
Speed Pay Plc, a newly licensed electronic payments service provider (PSP), is gearing up to join the ranks of mobile platforms tapping into Cambodia’s nascent digital payment sector.
The Phnom Penh Post 

Minister of Education to Spend $3.5 Million for the 2017 National Examination
The Ministry of Education planned to spend $3.5 million on Grade 12 National Examination (Bacc II), stated Hang Chuon Naron, Minister of Education, Youth, and Sports in a press conference on Monday morning.
Fresh News 

Government Prepares Plan for Sesan Dam Holdouts
Officials in Stung Treng province say they will have boats and trucks at the ready to evacuate a pair of villages where residents are refusing to heed warnings that their homes will flood when testing of the nearby Lower Sesan II hydropower dam begins on Saturday.
The Cambodia Daily (paywall)

Capital’s Social Affairs Department Aims to End Child Begging
The Phnom Penh Social Affairs Department is aiming to end child begging in the capital by the end of this year and will continue prosecuting those who force minors to solicit strangers for cash, the department’s director said on Monday.
— The Cambodia Daily (paywall)

MoU signed for Thailand insurance cooperation
The regulatory body for Cambodia’s insurance industry signed a memor-andum of understanding (MoU) with its Thai counterpart to boost the sector’s operations, exchange technical assistance and encourage cross-border information sharing to strengthen each other’s regulatory capacity, according to a release by the Ministry of Economy and Finance (MEF) on Friday.
The Phnom Penh Post 

U.S Embassy Congratulates Cambodian on the Inscription of Sambor Prei Kuk as UNESCO World Heritage
The U.S Embassy in Phnom Penh extended congratulations to Cambodia on the inscription of “Sambor Prei Kuk”, as a UNESCO World Tangible Heritage Site.
Fresh News 

 

Feature photo CIAT/ Neil Palmer
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Cambodia morning news by AEC News Today is your one stop source for Cambodia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

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Leakhena Khat

Leakhena Khat

Junior Journalist at AEC News Today
Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community. "I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind set.
Leakhena Khat

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