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

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Businesses in capital told to get travel permit amid lockdown through One Window Service

    The Phnom Penh Municipal Administration has issued guidelines on how to get travel permission for priority groups during the lockdown of Phnom Penh, directing private institutions to apply through the municipality's One Window Service and limit their staff to a mere two per cent. In

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and