CP Cambodia held a blood donation event under the “1,000,000 CC of Blood for Cambodia” concept, which aims to encourage society to address the importance of giving blood and saving lives. The event was held at the CP Cambodia – a subsidiary of the Thai multinational Charoen Pokphand Foods (CPF) – animal feed factory in Kandal province’s Ang Snoul district on September 29, 2023. More than 300 CP members of staff took part alongside other participants including those from the National Blood Transfusion Centre, CP ALL Cambodia, Kasetphun Cambodia and CPPC. In his speech, CP Cambodia President Wittaya Kreangkriwit hailed…
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In the heart of Cambodia’s rapidly transforming and burgeoning Kandal province, Sir Stamford Raffles (Cambodia) Co, Ltd has set another milestone with the groundbreaking ceremony for Marum Estate – its multiple award-winning township and mixed-use development. Beyond marking the inauguration of construction work, the groundbreaking on October 4, 2023 was a celebration of the developer’s incisive vision, courage, tenacity and unwavering commitment to Cambodia’s boundless opportunities. Visionaries transforming Cambodia’s landscape Seven years ago, a group of visionary business leaders set their sights on Cambodia. They saw a land ripe with potential and steadfastly embarked on a journey that has now…
Gold prices have fluctuated in a bearish trend for nearly three weeks, supported by the possibility of continued US interest rate hikes and gains in the dollar index, which traditionally moves inversely against the safe-haven asset. As of Tuesday, the gold price had plunged from $1,947 to $1,822 per ounce, a decline of $125. Despite the downturn technically indicating fatigue in the trend, the market was still reluctant to launch any buy-back positions as the greenback’s supporting fundamentals remained valid with a long-term effect. Reuters reported last Saturday on two main indicators suggesting the Federal Reserve is likely to continue…
Announcement We, Edenbridge Asia Partners Ltd., the authorised representative of Pernod Ricard (Cambodge) Co., Ltd. (“PR Cam”) under the power of attorney dated 2 March 2022, are honoured to announce to the public that PR Cam has been appointed as the authorised exclusive distributor for importing and distributing in Cambodia the alcoholic beverage products bearing the mark “CHIVAS” from Chivas Holdings (IP) Limited and Chivas Brothers International Limited based on the Authorized Exclusive Distributorship Letters dated 15 March 2023 and Recordal Letter of Exclusive Distributorship No. 2520 dated 1 August 2023 issued by Ministry of Commerce. Accordingly, please kindly be…
Wildlife Alliance and local authorities held a celebration ceremony in the Chumnoab commune of Koh Kong province’s Thma Bang district on September 26, 2023 to mark the anniversary of Stung Areng Community-Based Ecotourism and honour the Chorng Indigenous People. Featuring more than 400 participants, the event was hosted by honorable guests Sok Sothy, Deputy Governor of Koh Kong, Dr Suwanna Gauntlett, CEO of Wildlife Alliance, Pheng Phal, Deputy District Governor of Thma Bang, Areng community members and especially the Chorng Indigenous People. The purpose of the celebration was to promote and preserve the original identity and heritage of the Chorng…
Despite opening at $1,900.35 per ounce on Wednesday with a daily downtrend, gold held firm with expectations the long-term value would rise. Gold prices remained resilient and were expected to trade towards their prior high of $1,947 per ounce due to rising expectations the US Federal Reserve would reach its current target interest rate. Recent developments regarding the BRICS – Brazil, Russia, India, China and South Africa – group of countries were also likely to put pressure on the dollar. The current federal funds rate range is 5.25-5.50 per cent, and the US Fed remains committed to bringing high inflation…
As the world swelters in record heat again this year, we would be wise to remember that an important part of the solution to mitigating climate change is to preserve the tropical forests we have left and replant the ones that have been lost. With their wealth of knowledge of ecosystems, sustainable practices and resistance to deforestation, indigenous people are guardians of some of the world’s most important forests. And yet for too long the voices of indigenous people fighting to preserve the natural environment have been ignored. That must change. Forests are essential in the fight against climate change.…
The dollar-yen currency pair was supported in the mid-147-yen range as of September 20 and updated its year-to-date high, which was slightly above the 147.96 recorded last Friday, rising to 147.98. The technical outlook shows strong buy signals continuing in all tenors, from lower legs (like four-hour legs) to upper legs (such as daily and weekly). And from a fundamental aspect, there are also many factors suggesting a rise in the dollar-yen exchange rate. These include expectations of prolonged fiscal tightening by the US Federal Reserve and predictions of a continuation of monetary easing by the Bank of Japan. As…
Through the Southern Cardamoms REDD+ project, Wildlife Alliance and the Ministry of Environment have helped more than 2,000 Koh Kong Indigenous people and local community families with sustainable livelihoods, access to clean water, roads and toilets, and even college education. All these benefits were developed in response to the requests and inputs of villagers living in rural Koh Kong province. “REDD+” stands for Reducing Emissions from Deforestation and Forest Degradation, and the Southern Cardamom REDD+ Project has been led by the Ministry of Environment and implemented by Wildlife Alliance since 2015. The project generates revenue from carbon credit sales, a…
‘As figures are expected to show higher for prices for goods and services in the US in August, investors are displaying unease at buying gold, with prices moving in a range of $1,908 to $1,932 per ounce. “Market sentiment is now rising, while the gold price is also starting to react to the upcoming important news regarding the US inflation situation, which looks in favour of the greenback,” says Chhea Chhayheng, business manager at PP Link Securities (PPLS). On Wednesday – September 13 – the price of the yellow metal opened at $1,912.47 per ounce, with a downtrend indicated by…