Traffic fatalities decline but remain a concern
At least 1,000 people were killed and over 2,700 injured in traffic accidents in Cambodia during the first eight months of the year, according to the Ministry of Public Works and Transport. These figures mark a 9 per cent decrease compared to the same period ...
Neang Sokunthea and Sok Raksa
https://www.phnompenhpost.com/national/traffic-fatalities-decline-remain-concern
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Be mindful of informal financing, NBC warns
The National Bank of Cambodia (NBC) and National Police on February 2 issued a joint statement warning of the risks associated with informal financial services, which it said could put borrowers in excessive debt or otherwise upend their lives. ...
May Kunmakara
https://www.phnompenhpost.com/business/be-mindful-informal-financing-nbc-warns
Cambodia exports reach $9.18 billion in five months
Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306111/cambodia-exports-reach-9-18-billion-in-five-months/
Ministry: Improve Covid cash-aid scheme for infants, pregnant women
The Ministry of Social Affairs, Veterans and Youth Rehabilitation have instructed officials linked to the government’s social assistance programme to reconfigure an accompanying cash scheme with additional considerations to address shortcomings, especially those involving pregnant woman and children under 2. ...
Lay Samean
https://www.phnompenhpost.com/national/ministry-improve-covid-cash-aid-scheme-infants-pregnant-women
Free vocational training for 1.5m students in 2024
Prime Minister Hun Sen said on Monday that up to 1.5 million young people, who could not afford higher education, will be able to receive free vocational training with an additional stipend as the government seeks to produce more labor skills. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-free-vocational-training-for-15m-students-in-2024
$4m pumped into improving nutrition in schools
The Ministry of Education, Youth and Sport (MoEYS) has pledged to spend $4 million this year to provide food to school children by using community-based agricultural products to promote nutrition and education in areas of high poverty and vulnerability. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-4m-pumped-into-improving-nutrition-in-schools
Cambodia launches khmer digital literacy programme
The Khmer Digital Literacy Programme was launched on Wednesday to equip Cambodian students and educators with digital literacy skills, bridging the digital gap and empowering citizens to navigate the online landscape safely and effectively. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-launches-khmer-digital-literacy-programme
NBC’s Chanto: Kingdom’s growth will hit 6% in 2023
The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...
Rann Reuy
https://www.phnompenhpost.com/national/nbcs-chanto-kingdoms-growth-will-hit-6-2023
ADB urges green investment ramp up
Although a multitude of risks grey Cambodia’s outlook this year, gross domestic product (GDP) growth is forecast a tad higher at 5.5 percent from an estimated 5.2 percent in 2022, according to the Asian Development Bank (ADB) earlier this month. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-adb-urges-green-investment-ramp-up
Electrical machinery sales close to double as tech exports surge
Cambodia’s exports of electrical machinery, equipment and related products surpassed $2.4 billion in the first nine months of 2023, marking an increase of nearly double compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-sales-close-double-tech-exports-surge
Construction approvals down, investment up
Cambodia approved over 2,600 construction investment projects in the first three quarters of 2023, marking a 19% decrease compared to the same period in 2022. Investment capital and construction space, however, have surged by over 100%, as per the Ministry of Economy and Finance ...
Hin Pisei
https://www.phnompenhpost.com/business/construction-approvals-down-investment-up
FreshStart Energy seeks investment opportunities in Cambodia
In the afternoon of March 2, 2024, Prime Minister Hun Manet, received Mario Vecchio, Chief Executive Officer and President of FreshStart Energy, for a courtesy call and discussion on the occasion of the ASEAN-Australia Special Summit in Melbourne, Australia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501449392/freshstart-energy-seeks-investment-opportunities-in-cambodia/
Cambodia loses 31% of protected Areas’ trees in one decade
Cambodia lost 31 percent of tree cover from its wildlife sanctuary protected areas between 2001 and 2022, and more than 100,000 hectares (ha) in 2022, equivalent to 1.2 percent, according to a Citizens Engaged in Environmental Justice for All (CEEJA) report. ...
Thang Sinorn
https://kiripost.com/stories/cambodia-loses-31-of-protected-areas-trees-in-one-decade
MISTI, LABS explore avenues to enhance factory safety standards in Cambodia
Hem Vanndy, Minister of Industry Science Technology & Innovation, on May 2, 2024 received representatives from Life and Building Safety (LABS), led by its Country Manager, Mr Emerald Am, to explore avenues for enhancing factory safety in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501483110/misti-labs-explore-avenues-to-enhance-factory-safety-standards-in-cambodia/
Battambang bounces back with surge in rice production
Cambodia generated revenue of $870 million from both rice and paddy exports of which 80 percent of the revenue was generated from paddy export while only 20 percent came from rice, a sum of 2.64 million tonnes in the first four months this year. ...
Nhean Chamrong
https://www.khmertimeskh.com/501489140/battambang-bounces-back-with-surge-in-rice-production/
Cambodia’s insurance industry sees slight growth in first 5 months of 2024
An Insurance Regulator of Cambodia (IRC) report showed on Monday that Cambodia’s insurance industry recorded a gross premium of $150 million in the first five months of 2024, up 1.2 percent from $148.1 million over the same period in 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501511655/cambodias-insurance-industry-sees-slight-growth-in-first-5-months-of-2024/
Cambodia: A rising star with a falling reputation?
Cambodia’s reputation as a standard-bearer for apparel workers’ rights is wearing thin – and yet the country is a rising star when it comes to attracting foreign investment and increasing exports. There are many reasons to deter brands and retailers from sourcing clothing in Cambodia. The Kingdom ...
http://www.just-style.com/analysis/a-rising-star-with-a-falling-reputation_id117944.aspx
Moody's: Cambodia's rating constrained by narrow economic base, policy limitations
Global rating agency Moody’s Investors Service said Thursday that despite rapid growth, the small size and the narrow diversification of Cambodia’s economy constrained its B2 rating. The limited effectiveness of monetary policy due to a high rate of dollarization was also a rating constraint, the rating ...
Xinhua News Staff
http://www.china.org.cn/world/Off_the_Wire/2013-08/22/content_29799938.htm
Education to Receive 20% Boost in 2014 Budget
The Education Ministry on Monday said it was in line for a near 20 percent hike from the government’s $3.52 billion draft budget for 2014, approved by Prime Minister Hun Sen’s Cabinet on Friday, though other details of how money was to be allocated remained ...
Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/news/education-to-receive-20-boost-in-2014-budget-46127/