Gov’t to intervene informal economy affected by inflation, says PM
The government on Wednesday approved a new mechanism to intervene in the informal economy by providing cash to Cambodian households who run informal businesses that are affected by inflation by November 2022 amid Russia’s ongoing invasion of Ukraine and sanctions, said Prime Minister Hun Sen ...
Kang Sothear
https://www.khmertimeskh.com/501164008/govt-to-intervene-informal-economy-affected-by-inflation-says-pm/
Kingdom seeks United States investment in health sector
Cambodia urged the US-ASEAN Business Council to explore the possibility of investing in the health sector and private hospitals in the Kingdom. Boun Sarakmoni, Secretary of State, in a meeting also told the visiting delegates to consider investing in the processing and packaging of agricultural ...
Hong Sovannary
https://www.khmertimeskh.com/501247706/kingdom-seeks-united-states-investment-in-health-sector/
Sihanoukville investors seeking ‘special benefits’ can apply now
Business people and investors who wish to receive ‘special benefits’ as part of the newly launched special programme to promote investments in Preah Sihanouk Province can file their applications now before the Preah Sihanouk Investment Promotion Working Group, according to a statement issued by the ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501437050/sihanoukville-investors-seeking-special-benefits-can-apply-now/
Visa launches SMB Online Toolkit to enable tourism merchants to maximise benefits of contactless payments
Visa, a world leader in digital payments, is introducing resources to help Cambodian merchants and tiny and medium-sized businesses (SMBs) take full advantage of Visa’s digital payment solutions to optimize the customer shopping experience and increase sales, particularly in the tourism sector. ...
Khmer Times Staff
https://www.khmertimeskh.com/501486613/visa-launches-smb-online-toolkit-to-enable-tourism-merchants-to-maximise-benefits-of-contactless-payments/
U.S. reprimands Cambodia’s trafficking, online scam response: report
Cambodia was ranked lowest for its response to human trafficking by the U.S. for the third year in a row, with a new report saying that Cambodian officials have not done enough – and in some unnamed cases, have been complicit – in human trafficking ...
Mech Dara and Danielle Keeton-Olsen
https://cambojanews.com/u-s-reprimands-cambodias-trafficking-online-scam-response-report/
Oil transport
Despite having both onshore and offshore oil discoveries in the country, Cambodia does not produce oil and has been importing petroleum products from Vietnam, Thailand and Singapore. The Cambodia Trucking Association (CAMTA) says it controls around 70% of the Kingdom’s transportation. ...
Kingdom inflation rises on oil prices
Inflation in Cambodia rose 5.8 per cent year-on-year in January, according to figures from the National Institute of Statistics. Rising fuel costs had spurred the inflation, which was felt largely in the price of food, officials said. Data showed food and non-alcoholic beverage prices in January increased ...
French Scholar ‘Shocked’ Over Damage to Riverside Home
Leaning over the railing on the roof of the Khmeroyal Hotel along Phnom Penh’s Sisowath Quay, 54-year-old scholar and long-time Cambodian resident Oliver de Bernon peered across at his crumbing riverfront apartment yesterday. Residents of the block between streets 178 and 184 on Sisowath Quay ...
After razing of Boeng Kak homes, outrage lingers
Opposition party members and a human rights group yesterday condemned the demolition of eight homes and businesses at Phnom Penh’s Boeng Kak lake on Friday, calling the act a violation of the law. Two excavators belonging to Shukaku Inc tore down homes as riot police pushed ...
Ride-hailing firm eyes Cambodia
Aiming to disrupt the thriving local ride-hailing market with a new business model, Belarus-based Onde recently announced its intention to enter Cambodia. In an interview with Khmer Times, a representative of the startup said they provide the software entrepreneurs need to run their own taxi ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50658936/ride-hailing-firm-eyes-cambodia/
Buying property by installment on the increase
The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...
Workers at Factories Supplying Major Brands Continue Protests
About 3,000 garment workers from two factories that supply clothes to international brands Levi Strauss, H&M and Gap continued protesting for higher wages yesterday in Phnom Penh’s Meanchey district, before marching to the Ministry of Social Affairs. Upon arriving at the ministry, workers employed by the ...
Riel stabilizes versus dollar
The stabilisation of the riel over the first half of this year is a reflection of increased confidence in using riel in the economy as well as improvements in the agricultural sector, according to economists and the National Bank of Cambodia (NBC). The slowdown in the US economy ...
Kingdom lacks engineers: minister
Because Cambodia’s youth has not focused enough on studying technical or engineering subjects, the Kingdom now faces a lack of human resources and the Ministry of Education, Youth and Sports plans to reform the country’s education system, according to the minister in charge. Minister Im Sethy ...
http://www.phnompenhpost.com/2013052965901/Business/kingdom-lacks-engineers-minister.html
Rice Boss in Pre-trial Detention ‘13 Months’
The general director of a local rice wholesaler accused of defrauding business associates in a deal has lashed out at the judiciary – claiming delays in legal processing have left him imprisoned for 13 months without trial. Sovann Veasna is accused of cheating three businessmen ...
http://www.phnompenhpost.com/2013052465829/National/rice-boss-in-pre-trial-detention-13-months.html
$1M Damage as Blaze Guts Siem Reap Market
A fire sparked by an electrical fault ripped through the Doeum Kralanh market in Siem Reap City early Friday morning destroying 200 stalls and causing more than $1 million in damage, according to market traders and police officials. The 8,000-square-meter market in Kokchak commune housed a ...
http://www.cambodiadaily.com/news/1m-damage-as-blaze-guts-siem-reap-market-33787/
Bangladesh woes spare Kingdom
A recent string of disasters rocking Bangladesh’s garment industry has highlighted its factories’ shocking safety record, and stoked optimism that giant fashion brands will flock to move their orders to countries like Cambodia. But Cambodia’s garment industry has not experienced any major deluge of business so ...
http://www.phnompenhpost.com/2013051665643/Business/bangladesh-woes-spare-kingdom.html
Sam Rainsy: “ I have no fear to appear at the Court”
Opposition leaders said that they were not afraid to appear at the Court even though the defense lawyer would be busy. The comment came after their defense lawyer, Choung Chou Ngy, had sought delay of questioning the two opposition leaders Sam Rainsy and Kem Sokha, who ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YWU0ZGQ0NTY3MjQ
Cambodia near top of list for expat workers
Cambodia is one of the most attractive countries for expatriates working for US companies in ASEAN, according to a survey of 475 US business executives from throughout the region. Of those surveyed in Cambodia, 65 per cent reported that employees in other locations requested to relocate ...
http://www.phnompenhpost.com/business/cambodia-near-top-list-expat-workers
EdC under pressure
One month after the capital’s power provider promised to end chronic city blackouts for good this hot season, residents and businesses continue to find themselves sweltering in the heat and throwing away any spoilable goods due to the unpredictable losses of electricity. In March, Electricite du ...
Laignee Barron and Chhay Channyda
http://www.phnompenhpost.com/national/edc-under-pressure