St-abilities of Khmer Riel

Using Khmer Riel is increasing from year to year. In 2014, Khmer Riel have been used increasingly from last year. According to NBC report.

Khmer Rail use mainly in tax correction which is required Kher Riel for settlement, salary payment to government staff, and other administration payment to government.

The government now try to promote using of Khmer Riel as it believe using of Khmer currency could help to improve economic condition in Cambodia. 

http://www.phnompenhpost.com/business/improved-economic-conditions-help-riel-use

The profit for banking sector stood up to 30% in 2014 compared to 2013

According to the news in Phnom Penh Post date 8 May 2015, the profit in the banking sectors in 2014 as increase 30% if compared to 2013.

Leading the pack was Acleda Bank with $82 million in profit, followed by Canadia bank with $61.2 million, $40.1 million for Cambodian Public Bank and $18.6 million for ANZ Royal Bank.

The NBC report shows that the greatest losses came from new entrant Hong Leong Bank, with a loss of $2.28 million, and Cambodia Mekong Bank and Cathay United Bank losing $2.2 million and $1.83 million respectively.

http://www.phnompenhpost.com/business/banking-profits-construction-credit-climbing

The major benefit of target costing

 Targeting cost is the Japaneses Management Style which is now adopt by EU countries. The concept of target costing is the company have to identified  the affordable price for the specific product or service that they are going to sales first than set up the cost.

The concept of target costing is to reduce the cost the large production or in total while the Kaizen costing which is also from Japan, reduce the cost from the small incremental amount.

After the company set up the cost, then the company should compare the cost gap between the set cost and actual cost. It has to work to make sure that gap is close.

Remember, closing gap is doesn't mean reduce the quality.

Soon, Cambodia’s aviation authority will be Audited by UN’s International Civil Aviation Organization

Cambodia’s aviation authority will be audited by Audited by UN’s International Civil Aviation Organization according to Phom Penh Post reported on 7 May 2015.

The main reason is because of Cambodia’s aviation authority lack of regulation.

http://www.phnompenhpost.com/business/sector-sweats-icao-audit