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)
Feature photo bvi4092
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He has spent extensive periods of time working in Africa and throughout Southeast Asia.
He has covered major world events including the 1991 pillage riots in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010 and 2014 Bangkok political protests.
In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.
Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post.