August 9, 2022

Day: July 25, 2022

PRESS RELEASES

Latest CBDC Recommendations From the BIS, IMF, World Bank, US Treasury & Bank of Japan Mirror the Existing Structuring & Functionality of Webtel.mobi’s Fully-Operational TUVs

WM’s TUVs are full Digital Currency and CBDC equivalents Existing Capacities & Functionality of Global Telco Webtel.mobi’s fully-operational TUV Digital Currency + CBDC equivalent mirrors all CBDC Requirements identified by the world’s foremost Macroeconomic & Financial Organizations. Indicates that potential worldwide adoption of the WM TUVs and Global Clearing System by Central Banks and other […]

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Miscellaneous

Pakistani Frigate Docks at Preah Sihanouk Province

PNS TAIMUR Warship (F-262) of Pakistan Navy docked safely at Sihanoukville Autonomous Port in Preah Sihanouk province this morning for a four-day visit in Cambodia to further strengthen the ties of friendship, solidarity and cooperation between the two naval forces. The port call was warmly welcomed by Admiral In Sokhemra, Deputy Chief of Staff, Ream […]

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Medical

COVID-19: 24 New Cases Bring Tally to 136,612

Cambodia has announced the detection of 24 new cases of COVID-19, all of locally transmitted Omicron variant; bringing the tally to 136,612. The figures were shared by the Ministry of Health in a press release this morning, adding that 10 more patients have successfully been cured while no new death was reported; the total recovered […]

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Arts

Cambodia Celebrating “Chol Vossa” Festival

Cambodian people across the country have been celebrating Chol Vossa (enter rainy season) or Rainy Retreat, one of annual religious festivals. This year, the festival began on July 14 and will last until Oct. 10, in the pagodas throughout Cambodia. During this three-month-long festival, the monks do not leave their pagodas to collect alms as […]

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Miscellaneous

Cambodia Attracts Almost US$3-Billion Investments in H1

Cambodia attracted fixed-asset investment of almost US$3 billion in the first semester this year, reflecting the firm confidence of investors, both local and foreigners, on Cambodian government and economic resumption after the pandemic crisis. The Council for the Development of Cambodia (CDC) has registered 98 projects with a total investment capital of US$2.99 billion in […]

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Market

Cambodia’s Insurance Sector Remarkably Maintains Positive Growth

Cambodia’s insurance sector has significantly maintained its positive growth as the gross premium reached approximately U$$300 million in 2021. The remark was made as the Kingdom marked the “Insurance Day 2022” on Monday. Since late 1980s till now, 94 insurance institutions which include 18 general insurance companies, 14 life insurance companies, 7 micro-insurance companies, 1 […]

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Legal Matters

Cambodia sentences opposition candidate to 2 years for forgery

A provincial court in Cambodia sentenced an opposition candidate in the June 5 commune council elections to two years in prison on charges of faking the documents necessary to apply for his candidacy, RFA has learned. Ouk Savarin was running for a seat on the Ansa Chambok Commune Council in the western province of Pursat’s […]

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Market

Cambodia: Market & Seasonal Update – June 2022

Focus: Effects of the global food and fuel crisis on food prices and market functionality Almost five months into the Ukraine conflict, the war and ensuing sanctions imposed on Russia have major implications on global food and energy markets as both countries are significant exporters of grains (especially wheat and barley), agricultural fertilizers (such as […]

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