Cambodia Morning News For May 16

Tan Chong files RM143mil countersuit in Nissan distributorship battle
Tan Chong Motor Holdings Bhd (TCMH), through its subsidiaries, has filed a US$33mil (RM142.8mil) countersuit against Narita Motorcare (Cambodia) Co Ltd and its representatives in defence of the group’s sole and exclusive right to distribute Nissan vehicles in Cambodia.
– The Star Online

Cambodia anticipates peace, prosperity and development through belt and road campaign
The “Belt and Road” initiative proposed by Chinese President Xi Jinping will bring peace,prosperity and development to Cambodia, Southeast Asia, and even the world at large, said Princess Norodom Arunrasmy of Cambodia in a recent exclusive interview with People’s Daily.
– News Ghana

SDIP set to mobilise infrastructure funding
Cambodia hopes to leverage its membership in the Sustainable Development Investment Partnership (SDIP) to access much-needed funding for large-scale infrastructure development, state officials have said.
– The Phnom Penh Post

Credit growth resumes pace
The volume and value of consumer credit applications increased nearly a third year-on-year during the first quarter of 2017 as a result of surge in mortgage and personal finance applications, according to the latest data by the Kingdom’s credit reporting agency.
– The Phnom Penh Post

Funding to drive CamboTicket expansion
Local tech startup CamboTicket is looking to take its proprietary bus ticket booking platform to other countries in the region after receiving $100,000 in seed funding, a company executive said yesterday.
– The Phnom Penh Post

Cambodia’s Defense Chief Threatens to ‘Smash Teeth’ of Political Opposition
In the latest in a series of government threats against opposition political forces in Cambodia, Cambodian defense minister Tea Banh warned on Sunday that the army will “smash the teeth” of anyone protesting a win by the ruling party in elections next month.
– RFA

Asia Frontier Capital Travel Report – Cambodia
It took nine hours to reach Banlung, the provincial capital of Ratanakiri, from Cambodia’s capital, Phnom Penh. Banlung is tucked up into the northeast pocket of Cambodia in an area referred to by some as the Dragon’s Tail, an area which in some ways resembles the wild west.
– Seeking Apha

Prudential Cambodia sets sights on long-term growth
SPONSORED: A young population and low levels of market penetration mean Cambodia is an exciting place for life insurers to do business – and Prudential is leading the charge, according to David Nutman, the company’s new CEO
– Southeast Asia Globe

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Cambodia Morning News For May 16 added by John Le Fevre on May 16, 2017
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage 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, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.