Cambodia Morning News For March 24

Cambodia Morning News For March 24

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.

 

Cambodia morning news

MFIs seek regulator’s support
The apex body for the nation’s microfinance industry announced yesterday that the central bank had tentatively agreed to a number of measures it had requested to ease the burden on microfinance lenders following last week’s unilateral decision to cap annual interest rates at 18 percent as of April 1.
The Phnom Penh Post

Central Bank Agrees to Help Microfinance Institutions, MFIs Say
The central bank has tentatively agreed to help microfinance institutions—which will be saddled with a hard cap on interest rates as part of a populist government campaign—by offering them cheap loans, lowering license fees or delaying the imposition of a reserve requirement, finance company representatives said on Thursday.
The Cambodia Daily (paywall)

Cambodia’s “Buzzfeed” Becomes First Phnom Penh Tech Startup To Attract Silicon Valley Investment
A Cambodian entertainment news website modeled on U.S. media giant Buzzfeed is set to receive funding from a major Silicon Valley investor, the first time a local start-up has benefited from such backing.
VOA

Thailand-Based Manufacturing Companies Eye Cambodia
As Thailand’s workforce ages and production costs in the country’s manufacturing sector rise, experts and officials see Cambodia as an attractive alternative for companies looking for a younger, cheaper workforce.
The Cambodia Daily (paywall)

A Life Sentence in Cambodia, but Kem Ley’s Murder Is Far From Solved
A Cambodian court sentenced a man to life in prison on Thursday for the brazen killing of a prominent government critic last year, a murder that has come to symbolize a growing crackdown on dissenting voices here.
The New York Times

Cambodian court jails man for killing government critic
A Cambodian court on Thursday jailed a man for life for killing prominent government critic Kem Ley, in a murder case that raised suspicions of a political motive though the convicted killer testified that it was over a debt.
Reuters

Should Cambodia Forget Forgiveness in its US Debt Controversy?
The Cambodian economy is stumbling, with a government struggling to deal with issues like escalating non-performing loans (NPLs), interest rates well above 20 percent, and a Cold War era debt which it would like to see written off.
The Diplomat

The History of Economic Relations Between China and Cambodia
Over the past two decades, as China has grown to become a global economic power, it has positioned itself as Cambodia’s most important economic partner.
Foreign Policy Journal

South Korea provides 222 military vehicles to Cambodia
South Korea on Thursday delivered 222 military vehicles to Cambodia, aiming at helping the Southeast Asian nation strengthen its defense capacity, officials said.
Global Times

Opinions remain mixed on state of condo market
Despite the warning signs, one Taiwanese developer claims condo demand remains strong from some corners of the sector, even though industry consensus highlights that most are coming to terms with a sluggish sales market.
The Phnom Penh Post

South Korea Donates Vehicles, Parts to National Armed Forces
South Korea donated 222 military and civilian vehicles, as well as mechanical equipment and spare parts, to the Royal Cambodian Armed Forces (RCAF) at a ceremony attended by Defense Minister Tea Banh in Kompong Speu province on Thursday.
The Cambodia Daily (paywall)

Hyatt breaks ground on Phnom Penh hotel
International hotel brand Hyatt announced yesterday that it broke ground on construction of its 250-room five-star Hyatt Regency hotel in central Phnom Penh.
The Phnom Penh Post

Change Dirt Roads to Paved: CPP Unveils 35 New Slogans
Defender of the disabled, champion of the common man, upholder of social justice: meet the new face of the ruling party, carrying on many of its old themes.
The Cambodia Daily (paywall)

From Math Whiz to Government Critic: Kim Sok’s History in Question
Long before he was sued by Prime Minister Hun Sen and jailed in Phnom Penh’s notorious Prey Sar prison, Kim Sok’s mother told him to keep his head down.
VOA

Killer of Cambodian government critic gets life in jail
Cambodian court on Thursday jailed a former soldier for life for the brazen daytime shooting of a strident government critic, a killing that stunned the kingdom’s hemmed in rights community.
Asia Times

 

 

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Vat Vin

Vat Vin

Vat Vin graduated from the University of Cambodia with a major in Economics. He previously worked as a business writer and journalist at Business Cambodia and as a copy writer at The Source and Solution Group before joining AEC News Today.
Vat Vin

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