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ADB pledges support for Kingdom’s finance sector

Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order ...

Van Socheata
https://www.phnompenhpost.com/national/adb-pledges-support-kingdoms-finance-sector

China announces new ASEAN Belt & Road Initiative projects centered around Cambodia

The 2022 ASEAN summit took place at the Cambodian capital Phnom Penh, this past weekend, with China as an official guest. At the event, Chinese Premier Li Keqiang announced Beijing’s approval of Chinese investment in significant infrastructure projects in the ASEAN region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501185109/china-announces-new-asean-belt-road-initiative-projects-centered-around-cambodia/

Electric gear, linked exports record shocking 64% jump

Cambodia exported $1.090 billion worth of electrical machinery and equipment and related products in the first eight months of 2022, up 64.18 per cent from the $663.585 million recorded over the same time in 2021, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/electric-gear-linked-exports-record-shocking-64-jump

Jan-Aug Japan trade surges 17%

Bilateral trade between Cambodia and Japan in the first eight months of 2022 rose by more than one-sixth on-year, in a trend expected to carry into the foreseeable future, largely driven by agricultural exports from the Kingdom. Still, the business community is calling for greater ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-aug-japan-trade-surges-17

Preah Sihanouk firm aims to make eco-SEZ

Kampong Seila Special Economic Zone Co Ltd on July 29 signed a memorandum of understanding (MoU) with Environmental Protection Industry Associations of Cambodia (EPIAC) in a bid to promote environmental protection at the namesake special economic zone (SEZ) in Preah Sihanouk province and enhance its ...

Hin Pisei
https://www.phnompenhpost.com/business/preah-sihanouk-firm-aims-make-eco-sez

Cambodian students receive meals through partnership

Youth attending Salesian educational programs supported by the Don Bosco Foundation of Cambodia had access to proper nutrition in 2021 thanks to a partnership between Salesian Missions, the U.S. development arm of the Salesians of Don Bosco, and Feed My Starving Children, a nonprofit Christian ...

Khmer Times Staff
https://www.khmertimeskh.com/501146569/cambodian-students-receive-meals-through-partnership/

Hodo Group’s SSEZ strives to become world class enterprise

Hodo Group, a private textile and garment maker based in Wuxi, Jiangsu province in East China, said it would strive to become a world-class enterprise, said Zhou Haijiang, board chairman of the group and a delegate to the 20th National Congress of the Communist Party ...

Khmer Times Staff
https://www.khmertimeskh.com/501172934/hodo-groups-ssez-strives-to-become-world-class-enterprise/

Creating eco-friendly urban spaces

Meth Monthary, initiator of the ‘Initiative for Urban’ project, has gone from being a college student majoring in Architecture with knowledge of urbanization to launching a project regarding urban development and real estate after realizing that home gardening for eco-housing plays a key role in ...

Meas Molika
https://kiripost.com/stories/creating-eco-friendly-urban-spaces

CDC approves $2.9 billion Japanese investment projects

The Council of the Development of Cambodia (CDC) has approved 150 investment projects worth approximately $2.9 billion proposed by Japanese investors in the country as of the end of January this year, according to the figures released in a press release issued yesterday by CDC ...

Kang Sothear
https://www.khmertimeskh.com/501243067/cdc-approves-2-9-billion-japanese-investment-projects/

Main Siem Reap airport work ‘done by March’

Siem Reap Angkor International Airport (SAI) will be a major infrastructural feat that expands and improves the Kingdom’s air passenger and cargo services, bringing in more foreign tourists to fuel post-Covid-19 recovery in the industry. ...

May Kunmakara
https://www.phnompenhpost.com/business/main-siem-reap-airport-work-done-march

No additional Covid rules for arrivals from China: PM

Cambodia will not follow in other countries’ footsteps in imposing any additional restrictions towards arrivals from mainland China, amid concerns that soaring Covid-19 cases there could drive the emergence of new and potentially more dangerous variants of the novel coronavirus, Prime Minister Hun Sen affirmed ...

Hin Pisei
https://www.phnompenhpost.com/business/no-additional-covid-rules-arrivals-china-pm

Commercial Court could function ‘as early as 2024’: Justice ministry officials

A Ministry of Justice official said that a Commercial Court could be established and put into action as soon as 2024. Addressing the February 2 “AmCham Business Law Conclave: Critical Updates That You Need to Know for 2023” in Phnom Penh, justice ministry secretary of state ...

Orm Bunthoeurn
https://www.phnompenhpost.com/business/commercial-court-could-function-early-2024-justice-ministry-officials

Siamese crocodile habitat discovered

A wild Siamese crocodile nest has been found in Cardamom Mountain area by Fauna & Flora’s Cambodian Crocodile Conservation Program team, working in collaboration with the Koh Kong provincial Department of Environment, Forestry Administration (FA), and local community. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/siamese-crocodile-habitat-discovered

MoEYS provides financial support to improve quality of over 1,500 textbooks

Ministry of Education, Youth and Sport said that from 2020 until this month, the Research Creativity and Innovation Fund (RCIF), has provided financial support to public and private higher education institutions in order for improving textbooks, to be used at the higher level in 1,565 ...

Torn Vibol
https://www.khmertimeskh.com/501315921/moeys-provides-financial-support-to-improve-quality-of-over-1500-textbooks/

Australia unveils plans to develop three agri-food industrial parks

Australia plans to support the Cambodian Government in developing an Agri-food Industrial Park (AIP) in three main provinces. This initiative is expected to benefit the Cambodian economy by generating $5.1 billion and creating 100,000 new jobs, with 50 percent of these opportunities going to women. ...

Meas Molika
https://kiripost.com/stories/australia-unveils-plans-to-develop-three-agri-food-industrial-parks-cambodia

PWSA FY’22 net profit sees 16% contraction

Increase in water sales and construction service saw Phnom Penh Water Supply Authority’s (PWSA) net profits inch up to 22.1 billion riel ($5.5 million) in its fourth quarter ended December 31, 2022, from approximately 22 billion riel last year. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-pwsa-fy22-net-profit-sees-16-contraction

NBC calls for more UK investment, exports

National Bank of Cambodia (NBC) assistant governor Chea Serey on February 7 proposed that British businesspeople ramp up their investments in Cambodia and buy more local goods, to strengthen bilateral economic relations and stimulate recovery in the Southeast Asian country following a downturn linked to ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-calls-more-uk-investment-exports

No issues with Bassac-Kampot seaport project: study

The feasibility study of a navigation and logistics project to link the Bassac River in Phnom Penh to a “seaport” in the Kampot-Kep region shows that there are no technical, environmental or legal issues, according to the transport ministry. ...

Van Socheata
https://www.phnompenhpost.com/business/no-issues-bassac-kampot-seaport-project-study

Electronics imports surge one-third on-year: ministry

Cambodia imported $904.3 million worth of “electronics” in 2022 – surging by 33.2 per cent from $678.9 million in 2021 – with the fourth quarter accounting for the lion’s share at 28.61 per cent of the annual total, according to figures from the finance ministry’s ...

Hin Pisei
https://www.phnompenhpost.com/business/electronics-imports-surge-one-third-year-ministry

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