Cambodia Morning News Roundup For February 23

Cambodia Morning News Roundup For February 23

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

EPIC finalists accelerate business plans
Epic Cambodia, the one-year incubator program launched by co-working space Impact Hub Phnom Penh, has entered its startup acceleration phase, with five finalist teams receiving business mentoring and $20,000 in funding as they prepare a final pitch to potential investors and grant-givers at the end of the yearlong program.
The Phnom Penh Post

Prasac ordered to replace logo
Less than a week since the government demanded that Acleda Bank change its logo to differentiate itself from state-run institutions, Prasac Microfinance has been ordered to do the same.
The Phnom Penh Post

US Firms See Investment as a ‘Mixed Bag’
U.S. companies considering investing in Cambodia see a “mixed bag” in the country, contrasting heavy spending on infrastructure and a growing focus on IT with slow integration with Asean and high energy prices, a representative for a visiting business delegation said on Wednesday.
The Cambodia Daily (Paywall)

French and Vietnamese Banks to Open In Cambodia
Two more foreign banks—one French and one Vietnamese—announced plans earlier this week to open branches in Cambodia.
The Cambodia Daily (Paywall)

Mobile Firms Told to Spread Message: MFIs Not State-Run
Prime Minister Hun Sen on Wednesday pulled the country’s mobile operators into his aggressive campaign to clear up any confusion about the relationship between the government and microfinance institutions (MFIs), ordering them to send audio and text messages telling subscribers that MFIs were private entities.
The Cambodia Daily (Paywall)

Government Accuses US Of Election Interference
Cambodia’s government on Wednesday said it was an “obvious fact” that the U.S. was interfering in the country’s coming elections in a scathing response to a statement from the U.S. Embassy saying it was “deeply concerned” by proposed amendments to the Law on Political Parties.
The Cambodia Daily (Paywall)

Tax exemption offered to SMEs
A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018.
Khmer Times

Push to standardize leasing sector regulations
The Commerce Ministry is pushing for leasing sector regulations to be internationally standardized to boost business activities both domestically and internationally and further diversify businesses in the country.
Khmer Times

Emirates to offer services to Phnom Penh in Cambodia
Phnom Penh in Cambodia will be the latest destination Emirates will serve from July 1 this year, with a Boeing 777-300ER aircraft in a two class configuration.
Latest Africa News

One Month on, Cambodia Has Mixed View on Trump Presidency
A month on since President Donald Trump took office he has shown a markedly different approach to his predecessor, Barack Obama, when it comes to foreign policy dealings.



Feature photo: John Le Fevre



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




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