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New local airline launches in Cambodia

PHNOM PENH – JC International Airlines officially launched in Cambodia on Saturday, bringing the number of local airlines operating in the kingdom to five. JC International Airlines CEO Dongyan Huang said the airline was registered as a local company with an investment capital of US$50 million. She said the airline has two Airbus 320 aircraft […]

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Thai-Cambodia rail link stalled by compensation claims

PHNOM PENH – Settlement of compensation claims for 50 families living alongside a kilometre of rail track in the border town of Poipet threatens to delay the opening of a new rail service between Cambodia and Thailand. Ly Borin, under-secretary of state at the Transport Ministry and director of Cambodia’s Railway Restoration Project, said officials […]

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Thailand, Cambodia to forge 16 partnership deals

Thailand is set to sign 16 partnership deals with Cambodia during this week’s trade delegation visit led by Deputy Prime Minister Somkid Jatusripitak. Commerce Minister Apiradi Tantraporn said five of the deals will be signed by government-to-government units and the remaining 11 will be between private-sector bodies. She said the Commerce Ministry’s International Trade Promotion […]

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Cambodia: Central bank sets interest rate cap

The National Bank of Cambodia yesterday set an interest rate cap of 18 percent per annum for microfinance institutions, deposit-taking MFIs and licensed rural credit institutions to help the poor, curb over-indebtedness and reduce poverty. However, some industry insiders said the move will have the opposite effect, adversely affecting both financial institutions and the poor […]

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CLMV parliaments share public investment experiences

The parliaments of Cambodia, Laos, Myanmar and Vietnam (CLMV) shared experiences in monitoring and managing State budget and public investment during a conference in Phnom Penh on Monday. Addressing delegates at the launch of the conference, Cambodian National Assembly (NA) leader Heng Samrin said the event was an opportunity for the legislative bodies of the […]

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