Cambodia Morning News For March 7

Cambodia Morning News For March 7

Welcome to the Cambodia morning news roundup by AEC News Today, your one stop for Cambodia news on matters of governance and policies affecting Asean business communities.


Cambodia morning news

Hitachi Sets Eyes on Cambodia’s Elevator Market
To take advantage of Cambodia’s growing manufacturing and real estate industries, Japanese electronics conglomerate Hitachi has announced a joint venture aiming to expand into the local elevator and escalator market.
The Cambodia Daily (paywall)

PM Wants Chinese Support for New Ring Road
Prime Minister Hun Sen on Monday asked China to help pay for new bridges across the upper and lower Mekong River in Phnom Penh as part of a ring road project aimed at reducing traffic.
The Cambodia Daily (paywall)

Moody’s maintains sovereign debt rating
lobal credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position.
The Phnom Penh Post

Local startup is selected for fintech accelerator program
A Cambodian startup was selected to take part in Startupbootcamp’s three-month fintech accelerator program in Singapore, becoming the second firm from the Kingdom to join the international program in as many years.
The Phnom Penh Post

Cambodians See Major Drops in Corruption Levels: Transparency International
Cambodians have experienced a major drop in levels of corruption over the past five years, according to a report released by Transparency International last week.

Fast-growing Cambodian bank eyes cross-border growth
When In Channy took over the Association of Cambodian Local Economic Development Agencies (Acleda) in 1993 he found himself managing an odd assortment of loan officers.
Nikkei Asian Review

UN Agencies Turn to New Technology to Tackle Old Problems in Southeast Asia
Shortly after Jonathan Rivers arrived in Cambodia in 2014 to work as a technical officer for the United Nations World Food Programme (WFP), he noticed how much time he and his colleagues spent retrieving data from different departments for their food security analysis work.
Radio Free Asia

Clash between traditional beliefs and modern medicine laid bare in Cambodian thriller
Premiering at the 7th annual Cambodia International Film Festival, Mind Cage is a psychological thriller by Indian director Amit Dubey that explores the dissonance between old and new Cambodia, telling the story of a Phnom Penh psychiatrist whose life is torn apart by a psychotic kru khmer, or traditional healer.
Southeast Asia Globe

Angelina Jolie hopes Cambodians feel pride in being subject of her film
Actress-director Angelina Jolie says she hopes Cambodians will be proud of her film ‘First They Killed My Father’ instead of feeling hatred or resentment for what the country endured in the late 1970s.
The Times of India

Over 88,000 Candidates Register for Upcoming Commune Elections
More than 88,000 candidates will be vying for the 11,572 seats up for grabs in the June 4 commune elections, the National Election Committee (NEC) announced on Monday, following a three-day registration window that closed on Sunday.
The Cambodia Daily (paywall)

Brokers trading without licences
Text messages, in which a broker at an unlicensed derivatives trading firm purportedly informs one of Prime Minister Hun Sen’s daughters that her trading account had been “topped up” with over half a million US dollars, were leaked yesterday.
The Phnom Penh Post

JICA to aid impact studies
The Ministry of the Environment signed an agreement yesterday afternoon with the Japan International Cooperation Agency (JICA) in an effort to improve the Ministry of the Environment’s capacity to curb pollution and review environmental impact assessments (EIAs) for development projects.
The Phnom Penh Post

Bail Request Denied for Surrogacy Company Director
The Court of Appeals last week denied a bail request filed by lawyers representing an Australian woman who is charged with operating an illegal surrogacy company.

Cambodia’s Hun Sen Confirms Leaked Conversation with Opposition Chief
Cambodia’s Prime Minister Hun Sen on Monday confirmed the authenticity of a recently leaked telephone conversation between himself and opposition leader Kem Sokha, and claimed it proves he engineered the latter’s ascent to the top of the Cambodia National Rescue Party (CNRP).
Radio Free Asia

Hun Sen Threatens Prison for Aggressive NGOs and Journalists
Prime Minister Hun Sen on Monday threatened to jail journalists and NGO workers whose political analysis encroaches on others’ rights, and said critics should blame voters —not him—for his long tenure in power.
The Cambodia Daily (paywall)



Feature photo: Sasin Tipchai



The Cambodia morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.



Note: Effective March 6, 2017 AEC News Today will no longer cite The Khmer Times due to poor credibility, probity, and governance.




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