Cambodia’s garment, footwear sectors propose EU postpone EBA withdrawal
The Garment Manufacturers Association in Cambodia (GMAC), the Cambodia Footwear Association (CFA) and the European Chamber of Commerce in Cambodia (EuroCham) on June 2 requested the European Commission to postpone its withdrawal of the ‘Everything But Arms’ (EBA) preferential trade scheme for 12 months so ...
Khmer Times Staff
https://www.khmertimeskh.com/50730205/cambodias-garment-footwear-sectors-propose-eu-postpone-eba-withdrawal/
Cambodia and China set to sign Mekong-Lancang Fund agreement
Foreign Affairs Minister Prak Sokhonn and Wang Wentian, Chinese Ambassador to Cambodia are scheduled to sign the 7.2-million agreement on the cooperation projects of the Mekong-Lancang Cooperation Special Fund at the ministry today, according to the Foreign Affairs Ministry statement. ...
Khann Chanvirak
https://www.khmertimeskh.com/50736925/cambodia-and-china-set-to-sign-mekong-lancang-fund-agreement/
NGOs: Stop oppressing journalists and limiting free speech
A joint statement released on November 2 by a group of 57 NGOs called for the government to stop silencing journalists and media outlets and release journalists who they believe were unfairly arrested.203; ...
Niem Chheng
https://www.phnompenhpost.com/national/ngos-stop-oppressing-journalists-and-limiting-free-speech
MFI credit risk relatively low, NBC’s Serey says
On the basis that non-performing loans stood around 2.3 percent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey. ...
Sangeetha Amarthalingam
https://www.phnompenhpost.com/business/mfi-credit-risk-relatively-low-nbcs-serey-says
Fishery crimes down this year
During the first 10 months of this year, there were 2,279 cases of fishery offences reported, 312 less than the same period last year, according to the Fisheries Administration. Of the number, 187 occurred at sea while the rest occurred on freshwater. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/fishery-crimes-down-year
Koh Kong police break up protest, arrest four
Koh Kong police dispersed a protest in front of the provincial hall around 2am on Tuesday, removing tents and arresting four protestors. The protesters set up tents in front of the provincial hall on Monday in an effort to accelerate a solution. ...
Khorn Savi
https://www.phnompenhpost.com/national/koh-kong-police-break-protest-arrest-four
Government allocates over $31 million more for IDPoor scheme
The government has deposited more than $31 million to Wing agents nationwide to provide for the third round of payments for the IDPoor equity card scheme, set to benefit nearly 700,000 poor and vulnerable families, equivalent to 2.8 million people. ...
https://www.khmertimeskh.com/50776774/government-allocates-over-31-million-more-for-idpoor-scheme/
https://www.khmertimeskh.com/50776774/government-allocates-over-31-million-more-for-idpoor-scheme/
Tax collection near $3B in 2020
The Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.70052 trillion riel ($2.87 billion) in tax revenue last year, up 423.20 billion riel or 3.73 per cent compared to 2019, it said in a January 11 press release. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-collection-near-3b-2020
Exports to South Korea increase for two consecutive months
Data from the Korean International Trade Association showed that during January and February Cambodia exported about $64 million of products to the east Asian country, an increase of over 2.9 percent compared with the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50826608/exports-to-south-korea-increase-for-two-consecutive-months/
Chinese tourists to Kingdom slip 86% in Covid-hit 2020
Chinese tourist arrivals to the Kingdom plummeted 86 percent last year to 329,673 compared to 2,361,849 in 2019 amid global uncertainty concerning the potential impact of the novel coronavirus, according to Ministry of Tourism data. ...
Hin Pisei
https://www.phnompenhpost.com/business/chinese-tourists-kingdom-slip-86-covid-hit-2020
Phnom Penh Autonomous Port maintains growth in Q1
Locally-listed Phnom Penh Autonomous Port (PPAP) reported $7,770,742 in revenue for the first quarter of 2021, up 2.19 percent over the $7,603,877 posted in the corresponding period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/phnom-penh-autonomous-port-maintains-growth-q1
CDC greenlights five projects worth $1.3B
The government on March 26 approved five new investment projects worth about $1.3 billion and expected to absorb 2,250 workers, even amid a dramatic escalation in the ASEAN member’s fight against the spread of the Covid-19 disease. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-greenlights-five-projects-worth-13b
Unions Demand Global Brands Help Workers Losing Income during Lockdown
Workers’ unions and civil society groups called on well-known fashion brands to do more to help Cambodian workers affected by the COVID-19 pandemic. This came after a new report stated that Cambodian garment sector workers had lost millions in wages during the lockdown from April ...
Lay Sopheavotey
https://cambodianess.com/article/unions-demand-global-brands-help-workers-losing-income-during-lockdown
Only 377 NagaWorld Workers Still Holding Out Against Layoffs: Union
In a move a labor group said was unprecedented, NagaWorld is calling on governmental labor inspectors to authorize the dismissal of a group of union leaders as part of the casino’s mass layoffs, overriding the legal protections unionists enjoy unless they have committed serious offenses, ...
Tran Techseng
https://vodenglish.news/only-377-nagaworld-workers-still-holding-out-against-layoffs-union/
ASEAN Online Sale Day 2021 slated for August 8-10
ASEAN countries are preparing for the ASEAN Online Sale Day 2021, which is slated for August 8-10. Comprising two tiers for domestic and cross-border transactions, this year’s programme will be co-chaired by Brunei, which is chair of ASEAN in 2021, Singapore and Vietnam. ...
Asia News Network
https://www.phnompenhpost.com/business/asean-online-sale-day-2021-slated-august-8-10
Best, Cainiao launch China logistics service
Best Inc, a Chinese smart supply chain solutions and logistics services provider, on August 2 rolled out a “full-chain, direct logistics service” to send packages from China to Cambodia, Thailand and Vietnam, it said in a press release. ...
Thou Vireak
https://www.phnompenhpost.com/business/best-cainiao-launch-china-logistics-service
Officials meet with their EU counterparts to talk recovery
Senior government officials and European counterparts met last Friday to discuss Cambodia’s economic plan. New trade policies to help the Kingdom recover from the pandemic were the focus of the conversation as well as the World Trade Organization’s role in shaping the post-pandemic recovery. ...
Husain Haider
https://www.khmertimeskh.com/50896690/officials-meet-with-their-eu-counterparts-to-talk-recovery/
NBC unveils economic database
The National Bank of Cambodia (NBC) has announced the launch of an online test of the Macroeconomic Surveillance Database System (MSDS) to monitor the macroeconomic and financial situation of the Kingdom and provide meaningful data for analysis, to be implemented with the technical assistance of ...
Hin Pisei
https://www.phnompenhpost.com/business/nbc-unveils-economic-database
Boeng Tompun canal cleared of waste to prevent flooding
More than 2,500 trucks of garbage and overgrown grass, equivalent to 12,050 cubic metres, were removed following four months of restoration work on the almost four-kilometre-long Boeng Tompun canal, which was built to prevent flooding in five Phnom Penh districts. ...
Mao Chanvireak
https://www.khmertimeskh.com/50903527/boeng-tompun-canal-cleared-of-waste-to-prevent-flooding/
NBC: Financial institutions in H1 restructure $5.5 billion in loans
The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank ...
Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans