The industry body representing Cambodia’s garment sector issued a statement yesterday urging the government to help manufacturers reduce the cost of doing business in order to offset a higher minimum wage and workers benefit package due to come into effect on January 1. The Garment Manufacturers Association in Cambodia (GMAC) urged the government to consider cutting the […]
Read MoreCommercial lenders have said the central bank’s requirement that banks and microfinance institutions (MFIs) increase the share of local currency in their loan portfolio to at least 10 percent by the end of 2019 could prove challenging to implement as their biggest clients exhibit a strong preference for deposits and loans in foreign currencies. The […]
Read MoreStartup Cambodia, a collaborative platform set to officially launch next month, aims to create a comprehensive and accessible database of Cambodia’s startup companies to help entrepreneurs tap into early-stage funding, a spokesman for the company spearheading the project said yesterday. The platform is the brainchild of online startup and technology-focused media outlet Geeks in Cambodia […]
Read MoreBusiness should embrace digital strategies that can improve the speed and efficiency of human resource management activities, speakers at a conference on the impact of digital transformation on human resources said yesterday. The two-day conference, hosted by the Cambodian Federation of Employers and Business Associations (Camfeba), addressed ways in which digital technologies can be used […]
Read MoreThe Asian Development Bank (ADB) has approved a $70 million loan to develop the Kingdom’s transportation infrastructure with the majority of the funding going towards improvements of national roads in Prey Veng, Siem Reap and Svay Rieng provinces. The loan is part of the ADB-backed Greater Mekong Subregion Southern Economic Corridor programme aiming to link […]
Read MoreVincent Ling, the deputy general manager at UnionPay International Southeast Asia, talks to Khmer Times’ Chea Vannak about the latest development in e-payment technology in Cambodia. KT: How has UnionPay evolved in Cambodia in recent years? Vincent Ling: Since 2008 we have extended our acceptance network in the country to allow our clients to use their UnionPay cards […]
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