ABA Bank, the largest Cambodian commercial bank, signed the Memorandum of Understanding (MoU) with the Cambodian Mine Action and Victim Assistance Authority (CMAA). ABA made a charitable contribution of $200,000 to the Samdech Techo Project for Mine Action. The fund will be used to boost mine clearance work to achieve the country’s goal of becoming a mine-free nation by 2025. The MoU signing ceremony took place at ABA Bank Headquarters and was presided over by H.E. Ly Thuch, Senior Minister of the Royal Government of Cambodia and First Vice-President of CMAA, and Askhat Azhikhanov, Chief Executive Officer of ABA Bank.…
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Cellcard has broken the mould with “Time To Rise” – a first-to-market initiative demonstrating next-level influencer marketing and highlighting a world-class partner that will change Cambodia’s music scene. The subscription plan and SIM bundle have been created in collaboration with Cellcard Brand Ambassador VannDa and inspired by the aspirations of his historic hit song Time To Rise. The Time To Rise product also marks the introduction of Spotify, one of the largest music streaming platforms in the world. Subscribers to the Time To Rise plan will enjoy unlimited Spotify streaming data to access digital music, podcasts and videos from creators…
The price of crude oil has dropped as traders have been losing their appetite for risk due to new concerns about a global recession and a growing Covid-19 outbreak in China, Bloomberg has reported. “West Texas Intermediate shed more than eight per cent to settle under $96 a barrel for the first time since early April. Rising virus cases in China and looming US inflation data are stoking concerns about demand,” the financial media outlet’s Julia Fanzeres said on Wednesday. Reuters quoted China’s National Health Commission as saying on Tuesday that 424 new Covid-19 infections were reported for July 11,…
There is still time to Deposit Big, Win Big! In the first of six lucky draws, Wing Bank gave away 22 motorcycles and a Ford pickup truck to customers making deposits. Wing Bank has given away a Ford Wildtrak pickup truck and 22 motorcycles to lucky customers depositing at Wing Bank. The prizes came in just the first of six lucky draws, all part of the flagship “Deposit Big Win Big” campaign – and there are five more still to go, each with the same offers, running until November 30, 2022. “We’re extremely happy to reward our customers for the…
The Odom Showroom Launch was held to great fanfare on July 6 as Urban Living Solutions (ULS) – the real-estate and lifestyle development firm behind Cambodia’s most creative spaces – officially unveiled “a new landmark for Phnom Penh”. In a glittering event at the capital’s famous Odom Garden on Norodom Boulevard near the iconic Independence Monument, ULS launched the showroom and sales gallery of Odom – its most ambitious project to date. “Odom came about by observing the hundreds of businesses in need of office space that includes design, function and amenities to keep staff excited. “We want to offer…
Although market volatility traditionally drives investor appetite for safe-haven assets, the aggressive US monetary policy response to ongoing inflation shocks and increased value of the US dollars have been pushing gold prices lower. Gold has also been looking subdued but the consolidation is still holding. The precious metal is currently trading at $1,760 per ounce, down around $90 month-on-month as the US Federal Reserve’s (Fed) recent monetary policy changes set in and shake investor confidence. The dollar is also expected to benefit from another large interest rate hike at the end of this month, which observers say may be as…
The oil price was bullish in the prior week and continued trading at $112 per barrel after the G7 meeting discussed capacity limitation on Russian oil exports. G7 discussions on Tuesday said China and India have had positive and productive discussions regarding a cap on Russian oil prices. According to the Wall Street Journal, Russia, one of the world’s largest oil exporters, saw oil revenues surge in spite of moves by the West to stop buying its crude. As a result, Moscow has shifted its shipments to developing nations like China, India, Turkey, and others, who have purchased large quantities…
Siem Reap’s most centrally located luxury hotel to welcome back guests on 1 July, 2022 with refreshed suite offering. The award-winning Park Hyatt Siem Reap will reopen on 1 July to provide guests with a sophisticated home away from home near the temples and sights of ancient Angkor Wat. Known for its curated luxury experiences, the hotel is poised to welcome discerning local residents and international travellers under the leadership of seasoned hotelier Rina Mariani, who was recently appointed as general manager. “The definition of travel has gone through a transformation, with a greater emphasis on authentic, bespoke experiences that…
The Cambodia Wheelchair Basketball Federation (CWBF) held its inaugural general meeting on June 27 – presenting the squads to shoot for gold at the 2023 ASEAN Para Games, being held in the Kingdom for the first time. The jerseys the men’s and women’s players will wear at the showpiece Southeast Asian multisport event for athletes with disabilities were also unveiled to great fanfare at the event at Prince Holding Group headquarters. Prince Foundation – the philanthropic arm of Prince Group – stated its delight at the CWBF’s decision to appoint Senior Minister HE Dr Ly Thuch as its next president.…
The Angkor Art movement was launched on June 24 with YouAdMe Co Ltd signing a memorandum of understanding (MoU) with leading Cambodian real estate developer MSQM ZTH and award-winning international hospitality operator Frasers Hospitality. HE Kim Rithy, vice president of the Union of Youth Federations of Cambodia (UYFC) and HE Sok Puthyvuth, secretary of state at the Ministry of Post and Telecommunications, were guests of honour at the signing ceremony. YouAdMe CEO and co-founder Bernard Teo, MSQM ZTH managing director Pheap Horng and Fraser Hospitality chief operating officer Mark Chan signed the MoU at a glittering event at the FT…