Logo of Phnom Penh Post newspaper Phnom Penh Post - Lessons in business

Lessons in business

Lessons in business

A group of six American economics teachers arrived in Phnom Penh recently as part

of an Asia Foundation-sponsored program to provide training for government officials,

business people and university students.

Topics for the 16-week course include principles of management, small business marketing,

general accounting, business terminology, introduction to economics, exercises in

management accounting, research and development of business plans, and banking, credit

and taxation.

Eighteen Cambodian women and 32 men from a total 167 applicants were selected for

the training course after a battery of written and verbal tests.

Speaking at a ceremony on Oct. 8 to welcome the teachers, a student representative

hailed the training program as a symbol of friendship and cooperation between Cambodia

and the United States, adding that it was "essential for Cambodia which has

just come out of a central planning economy to the free market economy."

The Asia Foundation, with financial support from the United States Agency for International

Development (USAID), agreed to arrange the course following a request by Prince Sisowath

Sirirath in late December 1991.

A similar three-month training program, attended by 54 students was held earlier

this year at the same institute.

Fifty four students including 19 women were admitted to this first course, which

covered areas such as management, marketing, managerial accounting, general accounting,

banking and English business terminology.

The results of the first course were admirably satisfactory with 95% of the participants

scoring "good" and the rest "fairly good". Recalling the success

of the inaugural program, institute director Iv Thong said, "I hope that the

second program will also produce a fruitful result."

In his closing speech to the meeting, Twining thanked the institute's professors

and those from the Georgetown University for their efforts to sow the sprouts for

a new generation of competent economists for Cambodia. He also cited this training

program as an opportunity for the United States to be involved in the rehabilitation

of the-war-torn country.

"It is the honor for the United States in this way and other ways to participate

in the building of the future of the Kingdom of Cambodia," he concluded.

MOST VIEWED

  • Purging Sihanoukville’s past with a new masterplan

    Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police

  • Chinese may be first in tourism revival: PM

    Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese

  • 'Pursue your goals, reach out to me': Young diplomat tapped as envoy to South Korea

    Chring Botum Rangsay was a secretary of state at the Ministry of Foreign Affairs and International Cooperation before being designated as the new Cambodian ambassador to South Korea. According to her official CV published on the foreign ministry’s website, she started her first government

  • Tourism concerns laid bare

    To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.

  • Covid jab drive for 6-11 age group to begin Sept 17

    Prime Minister Hun Sen has permitted Covid-19 vaccinations for over 1.8 million children aged 6-11 across the country from September 17 in order for them to return to school after a long hiatus. Hun Sen also hinted that vaccinations for the 3-6 age group will follow in

  • No ‘Crown Prince’ exists to buy France football club: ministry

    The Ministry of the Royal Palace has denied media reports that a Cambodian “Crown Prince” had purchased the AS Saint Etienne football club of France’s top-flight LIGUE 1 at the cost of €100 million ($117 million). In a press statement on September 19, the ministry stressed that Cambodia