A multi-stakeholder dialogue was held in Phnom Penh on January 10 to explore the adoption in Cambodia of a Legal Purchase Age (LPA) of 18 years of age. Attended by representatives from the public and private sectors, the dialogue was organised by the Cambodian Safety Solution Organisation (CAMSAFE) and the Asian Vision Institute (AVI). Setting LPA at 18 years old According to data from the World Health Organization’s Global Health Observatory, 19 per cent of 15- to 19-year-olds in Cambodia are current drinkers. Some 28 per cent of males in this age group drink alcohol, and 11 per cent of…
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The greenback weakened in early market session trade as gold approached seven-month highs this week, with signs of a slowing jobs market increasing the likelihood of softer US inflation data. “The gold market was at one point just $25 away from its key resistance $1,900 an ounce level on Friday,” Kitco News’ Anna Golubova reported. And Investing.com’s Ambar Warrick said prices for the yellow metal on Tuesday “hovered near seven-month highs as markets awaited more cues on US monetary policy from an upcoming speech by Federal Reserve Chair Jerome Powell, as well as key inflation data.” After Federal Reserve chair…
It has been three years since the outbreak of Covid-19, and as of January 3, 2023, there have been more than 655 million confirmed cases globally, with over 6.6 million deaths. If HIV/AIDS were excluded, the death toll from Covid would be the highest of all the pandemics of the past century. In fact, the situation would be a lot worse if Covid vaccines were not developed and administered globally at such a record-breaking pace. To date, more than 13 billion doses of vaccine have been administered, and a recent study conducted by Imperial College London estimated that vaccinations helped…
We, Edenbridge Asia Partners Ltd., the authorized representative of Pernod Ricard (Cambodge) Co., Ltd. (“PR Cam”) by the power of attorney dated 02 March 2022, is honored to announce to the public that PR Cam is still the authorized exclusive distributor for importing and distributing in Cambodia the products of wines/spirits bearing the below-listed trademarks from the trademark owners’ companies as indicated below: 1. Products of spirits bearing trademark from The Absolut Company Aktiebolag based on the Authorized Exclusive Distributorship Letter dated 13 May 2020 and Recordal Letter of Extension of Exclusive Right for Import and Distribution No. 2812 dated…
Despite the markets not normally especially volatile over the New Year period, the price of crude oil has been dropping since Monday, with a plunge on Tuesday from an opening price of around $80 per barrel to a low of $76. And market fundamentals provided by PP Link Securities business manager Nhim Kosol indicate that investors and traders should sell, with Wednesday’s oil price lower than the previous day’s. On Wednesday, Reuters reported: “Oil prices tumbled four per cent in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger US dollar.…
KASIKORNBANK (KBank) Phnom Penh Branch general manager Ritthiwut Watthanachai represented the leading financial institution as it received the HR Asia Best Companies to Work for in Asia 2022 (Cambodia Edition) award. The awards, which recognise organisations gaining a comparative advantage through their people development efforts, are organised by HR Asia magazine – Asia’s leading media for HR professionals. KBank Phnom Penh Branch was honoured for its excellent human resource management, which focuses on the creation of a learning environment in the workplace, as well as the promotion of employee development and a spirit of teamwork for the sustainable career growth…
While the price of crude oil has risen due to current increased demand in China and US production concerns, the monthly technical trend is firmly heading lower. Crude’s closing price last Friday was $79.34 per barrel, while the opening price on Wednesday was $79.81, with uptrend support. According to Investing.com, the easing of Covid restrictions in China, which raised energy consumption, pushed the price of crude oil to three-week highs on Tuesday. And the Arctic storms hitting the US affected the country’s energy production, also leading to the hike in the price of oil, it added. “The price of crude…
New flagship Phsar Thum Thmei branch features a brand new design and offers an improved banking experience. Sathapana Bank, the leading Cambodian commercial bank, is pleased to announce the official opening of its newest flagship branch in Phsar Thum Thmei with a stunning new look and improved banking experience. To celebrate the opening, a ribbon-cutting ceremony was held at the branch, graced by HE Rath Sovannorak, Assistant Governor and Director-General of Banking Supervision of the National Bank of Cambodia, accompanied by Sathapana Bank CEO Fung Kai Jin. “We are excited for the opportunity be closer to our customers in the…
Wing Bank officially opens Boeung Trabek and Preah Yukunthor branches in the capital to provide the community with even more options for meeting their banking and financial needs. Wing Bank (Cambodia) Plc has officially launched two more branches in Phnom Penh – Wing Bank BoeungTrabek and Preah Yukunthor – providing even more options for the capital’s residents to fulfil their banking and financial needs. The launch ceremony was held in the presence of HE Rath Sovannorak, assistant governor and director-general of banking supervision of the National Bank of Cambodia, and Neak Oknha Kith Meng, the chairman of Wing Bank and…
Canopy Sands Development Co Ltd top management and Sihanoukville Provincial Governor HE Kuoch Chamroeun led the groundbreaking ceremony for the 934ha BAY OF LIGHTS project in Ream, Sihanoukville, on December 20. The groundbreaking ceremony is being hailed as marking a new renaissance for Sihanoukville as the developer builds a bustling coastal city closely resembling the elite cities of neighbouring regions. BAY OF LIGHTS is to comprise nine districts – Gateway, Riverside, Golf, CBD, Marina, Downtown East, Downtown West, South and Seagate. Managing Director Ian Tan said construction for the 50ha Startup Phase, a key catalyst for the 934ha BAY OF…