E-payments to dethrone cash
While digital payments show great promise to drive economic growth and increase financial inclusion in Southeast Asia, targeted approaches that address local cultural barriers are key to the widespread adoption of e-commerce and e-payments, industry players said during the World Economic Forum (WEF) on Asean summit, which wrapped up on Friday.
– The Phnom Penh Post
Grilled pork franchise business set to expand to Laos, Cambodia
Preecha Klongchit spent Bt20,000 in 2011 to launch a grilled-pork franchise, Kim Soon Grilled Pork, and it now generates revenue of Bt240,000 a day.
– The Nation
Chinese FDI to flow in on Silk Road
Cambodia could see massive investments as a result of China’s latest pledge to funnel an enormous sum into developing infrastructure as part of its New Silk Road initiative, an analyst said yesterday.
– The Phnom Penh Post
CPP Doles Out Cash to Members, Local Guards
A CPP working group in Battambang province led by the country’s top immigration official handed out cash to more than 100 security guards, party election observers, commune councilor candidates and party activists on Saturday, in what one election monitor dubbed a vote-buying scheme ahead of the June 4 commune elections.
– The Cambodia Daily (paywall)
AEC News Today wishes King Norodom Sihamoni a happy 64th birthday (May 14, 1953)
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