Archive for February, 2009
Despite Rapid Premium Growth, Cambodia’s Insurance Sector Has a Long Way to Go
According to By Iris Lai, Hong Kong bureau manager
Cambodia’s insurance industry has seen rapid premium growth in recent years, which largely outpaced the country’s gross domestic product, yet the market has not seen marked development.
In the past year, Cambodia’s insurance industry experienced 18% growth in premium income, in comparison with an estimated GPD growth of [...]
Khmer Rouge Pretrial Ends After Clash Over Evidence
By VOA News
Prosecutors and defense attorneys have clashed in Cambodia over evidence at a pretrial hearing for the man who once ran a notorious Khmer Rouge prison.
Defense lawyers for Kaing Guek Eav, known as Duch, argued Wednesday against using a film documenting torture as evidence before a genocide tribunal.
Prosecutors insisted on introducing the film [...]
Low oil prices set to delay Chevron project in Cambodia
PHNOM PENH (Xinhua) — Falling oil prices are likely to delay US oil giant Chevron’s development of Block A near southwestern Cambodia, English-language daily newspaper the Phnom Penh Post said on Thursday.
The company has already finished exploration of the off-shore concession, but won’t begin production until at least 2012, said the paper.
Chevron was now playing [...]
Cambodia’s ATM networks growth
PHNOM PENH, Feb. 16 (Xinhua) — Despite concerns over the impact of the global credit crunch on local financial institutions, Cambodian banks are expanding their network of ATMs to provide customers with easier access to their money, national media reported Monday.
In Channy, president and chief executive of ACLEDA Bank, [...]
Cambodia plans to register chapei, khol with UNESCO
PHNOM PENH, Feb. 11 (Xinhua) — The Cambodian Ministry of Culture and Fine Arts plans to submit applications to register chapei, a form of sung storytelling, as well as khol, a type of theatrical performance, under UNESCO’s Intangible Heritage of Humanity program, said English-language newspaper the Phnom Penh Post on Wednesday.
Meas Sarun, general director of [...]
