Cambodia Morning News For June 16

Cambodia Morning News For June 16
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Cambodia morning news

Government Launches Its Ambitious 10-Year Financial Plan
The government distributed a 109-page report on its strategy to develop the country’s financial sector over the next 10 years at an official launch event on Thursday, making ambitious proposals to improve a wide array of sectors across the economy.
The Cambodia Daily (paywall)

No end date set for railway line linking Cambodia and Thailand
The Ministry of Public Works and Transport (MPWT) will hold a meeting with the Banteay Meanchey provincial governor later this week to discuss the status of a railway line linking Cambodia’s capital to neighboring Thailand.
The Phnom Penh Post

Japan firm backs plan for cassava fuel plant
Representatives of Japanese petroleum firm Idemitsu Kosan Co Ltd met with the Ministry of Mines and Energy (MME) earlier this week to discuss potential plans to invest in a cassava processing plant that would convert the agricultural stock into ethanol fuel, according to a release from the ministry yesterday.
The Phnom Penh Post 

Government favours fewer farmers
Pointing to the gradual decline of Cambodians employed in agriculture – from 80 percent in 1990, to 60 percent in 2005, to 40 percent today – a report published on Tuesday on the Ministry of Agriculture’s website declares this process to be both inevitable and healthy if managed correctly.
The Phnom Penh Post 

Why Western companies should invest in Cambodia’s tech sector
It’s been a little over a year since I landed in Phnom Penh and officially started Dotfusion Cambodia, an agency focused on digital strategy, marketing, web and application development and analytics. With 20 years’ experience in digital consulting and running a digital agency in Canada and in the US, I’ve observed many interesting differences between the technology scenes in the West and the East.
Southeast Asia Globe 

Coast is clear for more change
Improvements to Cambodia’s main coastal resort of Sihanoukville are helping to increase visitors’ length of stay, but more efforts are needed for it to become a standalone destination, agents opined.
TTG Asia 

Cambodian Tourism Startup Among 4 Regional Grant Winners
CamboTicket, a Cambodian travel startup that coordinates regional transportation services, was one of four companies to win grants in a regional competition to connect startups with international investors.
The Cambodia Daily (paywall)

Report Finds Major Flaws With Malaysian Maids Ban
A new report on government restrictions on labor migration says Cambodia’s 2011 ban on sending maids to Malaysia may not have dented the traffic and possibly put the women at even greater risk of abuse.
The Cambodia Daily (paywall)

US Aid Cuts to Cambodia Not a Problem, PM Hun Sen Says
Prime Minister Hun Sen said on Thursday that Cambodia would be unfazed if the U.S. cut all foreign aid to the country, but that he planned to discuss anger-inducing visa application fees with U.S. President Donald Trump.
The Cambodia Daily (paywall)

BBQ restaurant chain to fire up at Aeon Mall
Express Food Group, a subsidiary of Bangkok-based RMA Group, will open its first Thai-based Bar B Q Plaza restaurant brand by the end of this month, according to a company announcement yesterday.
The Phnom Penh Post 

Competition puts funds toward business ideas
Cellcard Lab, an initiative to help young Cambodian entrepreneurs develop their ideas into viable businesses, completed its fourth and final round on Tuesday evening, with teams pitching their projects to a panel of judges for cash prizes.
The Phnom Penh Post 


Feature photo Phalinn Ooi
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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