Phnom Penh, 23 June, 2022 -Metfone, a leading mobile operator in Cambodia, has extended its sponsorship deal with Cambodian Premier League (CPL) for another three years to 2024, which will see the company splash out 500,000 USD each year. Asigning ceremony was held to this effect, presided over by HE Sao Sokha, President of Football Federation of Cambodia (FFC), Metfone CEO Mr Phung Van Cuong and CPL CEO Mr Satoshi Saito. Speaking at the event, Mr Phung Van Cuong said the sponsorship is part of Metfone’s commitment to the development of the Cambodian sports scene, especially football, stressing that investing…
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Gold continues to trade in a narrow range as it reacts to two opposing forces – rising interest rates and inflation. “Gold prices have held above a key support at $1,800 per ounce. The gold price range is moving between $1,900 to $1,800. This correction was directly attributable to market participants’ focusing on dollar strength the result of rising interest rates,” according to FX Empire’s Gary S Wagner. Meanwhile, Reuters reported: “Federal Reserve Chair Jerome Powell’s guidance that the US central bank will most likely raise interest rates by 50 or 75 basis points in July is ‘reasonable’, Richmond Fed…
The Gold price on Monday hit a high of $1878.84 per ounce before falling to a Tuesday low of $1804.93, as investors awaited the US Federal Reserve’s interest rate decision on Wednesday. According to the Wall Street Journal, rising inflation data, which is a challenge to the economy, is likely to lead the US Fed to a surprise move to raise interest rates by 0.75 per cent, higher than expected, at the meeting this week. “The annual inflation rate for the US is 8.6 per cent for the 12 months ended May 2022, the largest annual increase since December 1981,…
Sovannaphum Life visited O Touch primary school in O Touch village, in Andong Khmer commune in Kampot province’s Krong Kampot, on June 11, 2022, with the management team presenting key essential supplies, including study materials and facemasks, to 311 students. Sovannaphum Life also donated one million riel to the school foundation and provided parasols so students will have shade during break times. Sovannaphum Life – celebrating its sixth anniversary – provided the supplies to assist the less fortunate students in need of them. [img] The school’s principal, teachers and children expressed happiness and thanked the company for providing the key…
Wing Bank is giving away big prizes – including a Lexus LX600 SUV, six Ford Wildtrak trucks and 132 Honda Dream motorcycles! All Wing Bank customers opening an account will be in the running to win an array of attractive prizes, from now until November 30. “Wing Bank is always thinking of new ways to offer more value to our customers, and with the ‘You Save You Win’ lucky draw programme, we want to convey that having an account with Wing Bank provides much more than just convenience, flexibility and a high level of security. “For people who do not…
Westview Cambodian International School on May 21 presented awards to the winners of the American Math Competition (AMC). Organised by Westview Cambodian International School and held at its campus in Phnom Penh’s Russey Keo district on May 14. Participants came from both Learning Jungle and Westview Cambodian International School, as well as from 33 other national and international schools including Paragon, CIA FIRST, Northbridge, SCIA and Footprints. With this the first time that the American Math Competition was open to the public in Cambodia, a high number of students from Grade 1 to Grade 9 participated. The awards were divided…
Cambodian Public Bank Plc (Campu Bank) – which now boasts 31 branches after opening its first back in 1992 – celebrated its 30th anniversary on Wednesday, and pledged to bring banking services closer to the people. “Campu Bank’s impeccable performance of unbroken profitability through good and bad times speaks volumes of the strong management, governance and support from its parent bank, Public Bank Berhad, the largest non-government-linked company listed on the Bursa Malaysia with market capitalisation of $19.4 billion, and the third largest commercial bank in Malaysia as at end of 2021. “Public Bank Group founder and chairman Tan Sri…
Gold prices were up in midday US trade on Monday, but still considerably below their earlier session highs, as the stock market in the US continues to surge. The significant losses in the US dollar index, which hit a four-week low on Tuesday, were helping to strengthen the metal on Tuesday, Kitco reported. As the market awaited the minutes from the Federal Reserve’s May policy meeting on Thursday, gold prices fell from $1,785 to $1,865 per ounce. Another angle to see the gold market this week, trader and investor risk appetite up-ticked a little to start the trading week on…
This year marks the 70th anniversary of diplomatic ties between Cambodia and Australia, which were established in 1952. Since then, Australia has played a prominent role in supporting Cambodia’s human capital development. The education journey started when Cambodia joined Australia’s Colombo Plan scholarship scheme. Colombo Plan scholarships brought Cambodia’s brightest scholars to Australia, helping build the economic and social cooperation that underpins the friendship today. In the 1980s, Australia provided support for English language training courses that were later transformed into the Bachelor of Education in Teaching English as a Foreign Language programme at the well-known Institute of Foreign Languages…
Kampong Cham native SiemEng Meng is proving women can thrive in the agriculture business. As a young woman with little experience, she ventured into cassava farming and, along with her husband, turned it into a successful business – becoming an important cassava planter and trader in Krouch Chhmar district. She shares her success story. Could you describe your business briefly? At a young age I didn’t have much knowledge about agriculture. But after marrying my husband in 2000, I was ready to take a risk in operating my own farm with my husband’s support. With a small capital plus an…