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U.S. repatriates 27 looted cultural artifacts to Cambodia in handover ceremony

U.S. Assistant Secretary of state for East Asian and Pacific Affairs Daniel J. Kritenbrink, U.S. Ambassador to Cambodia W. Patrick Murphy, and Cambodian Minister of Culture and Fine Arts Phoeurng Sackona celebrated the repatriation of 27 looted artifacts to Cambodia at the National Museum today. ...

Khmer Times Staff
https://www.khmertimeskh.com/501113232/u-s-repatriates-27-looted-cultural-artifacts-to-cambodia-in-handover-ceremony/

Key lenders agree to ease loan terms for flood victims

Members of Cambodia’s apex bodies of the banking and microfinance industries have agreed to ease restrictions on loan repayments, reduce interest rates, as well as restructure loans for customers deemed to be significantly affected by the heavy rains and floods that have swept the Kingdom ...

May Kunmakara
https://www.phnompenhpost.com/business/key-lenders-agree-ease-loan-terms-flood-victims

Central bank poised to auction off 90B riel on July 25

The National Bank of Cambodia (NBC) is set to hold its 134th liquidity-provided collateralised operation (LPCO) on July 25, making 90 billion riel ($22 million) available to local financial institutions in need of liquidity, through an auction to buy US dollars. ...

May Kunmakara
https://www.phnompenhpost.com/business/central-bank-poised-auction-90b-riel-july-25

Jan-Apr rubbers exports bounce up 38%: GDCE

Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-rubbers-exports-bounce-38-gdce

Investment projects promise almost 80K new job opportunities

The Council for the Development of Cambodia (CDC) notices issued in the January-May period reveal that the government agency approved 61 new private investment projects – both inside and outside of special economic zones (SEZ) – totalling $516.64 million and set to deliver an estimated ...

Hin Pisei
https://www.phnompenhpost.com/business/investment-projects-promise-almost-80k-new-job-opportunities

Expanding investment networks: Cambodia-UAE forum set for ‘24

The Council for the Development of Cambodia (CDC) and the Cambodia Chamber of Commerce (CCC) have scheduled a private sector forum between Cambodia and the United Arab Emirates for the first quarter of next year. ...

Van Socheata
https://www.phnompenhpost.com/national/expanding-investment-networks-cambodia-uae-forum-set-for-24

Cart Tire revving up to raise capital investment to $700M

A Chinese car tyre manufacturer is planning to increase its investment in Cambodia by raising its capital to approximately $700 million, in a move aimed at enhancing production capacity and expanding exports to additional international markets. ...

Hin Pisei
https://www.phnompenhpost.com/business/cart-tire-revving-up-to-raise-capital-investment-to-700m

Footwear export revenue sees decline

Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...

Hin Pisei
https://www.phnompenhpost.com/business/footwear-export-revenue-sees-decline

Digital system boosts business registrations

Over 31,000 businesses, boasting a combined capital exceeding $8.9 billion, have successfully completed their registration through the Online Business Registration System (OBRS) via its IT Platform phase 1. ...

Hin Pisei
https://www.phnompenhpost.com/business/digital-system-boosts-business-registrations

Judicial laws put independence of courts in jeopardy

Three constitutionally mandated judicial laws would adversely affect the independence of the courts if they are passed in their current draft state, legal experts warned on Friday. Draft versions of the Law on the Organization and Functioning of the Supreme Council of the Magistracy, the Law ...

Lauren Crothers
http://www.cambodiadaily.com/news/judicial-laws-put-independence-of-courts-in-jeopardy-58942/

Oz an example for mining reform

Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate. Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of ...

Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform

Google to map streets of capital, Angkor Wat

People around the world will soon be able to go online and view close-up pictures of Phnom Penh’s streets and the temples of Angkor Wat, Google representatives announced in Phnom Penh. Google street View is using cars with special 360-degree panoramic cameras to collect the imagery. ...

http://www.phnompenhpost.com/business/google-map-streets-capital-angkor-wat

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 ...

http://www.phnompenhpost.com/index.php/2012022754728/Business/kingdom-inflation-rises-on-oil-prices.html

Mixed results for protesters

Two protests by garment factory workers in Phnom Penh yesterday achieved very different outcomes. One strike will continue today, but the other ended when company management agreed to workers’ demands. Din Sam Ath, president of the Cambodian Federation of Labour Unions, said the company would comply ...

http://www.phnompenhpost.com/index.php/2012031555047/National-news/mixed-results-for-protesters.html

Imports compete with domestic medicines

The value of medicine and medical equipment imports increased about five per cent year-on-year in 2011, according to the Ministry of Commerce. ...

http://www.phnompenhpost.com/index.php/2012031955102/Business/imports-compete-with-domestic-medicines.html

CDC to issue 35 project certificates in industries

The Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444 million from January to the end of last month. Once operational, the projects are expected to provide more than 30,335 jobs. ...

Sok Chan
http://www.khmertimeskh.com/50298847/cdc-to-issue-35-project-certificates-in-industries/

Draft rubber law to reach Council of Ministers in 2019

The Ministry of Agriculture is now discussing the Rubber Law with industry players and plans to send a draft to the Council of Ministers for approval next year, according to a high-ranking official.​ ...

Sok Chan
https://www.khmertimeskh.com/50561136/draft-rubber-law-to-reach-council-of-ministers-in-2019/

Phay Siphan: Preah Sihanouk will become a second Singapore

Government spokesman Phay Siphan said on Monday that Preah Sihanouk province will become a second Singapore, as authorities were warned that its development, fuelled largely by Chinese investment, was coming at a cost to locals. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/phay-siphan-preah-sihanouk-will-become-second-singapore

Two more provinces to be able to issue certificates of origin

Producers, traders and exporters in Ratanakkiri and Tbong Khmum can now apply online for certificates of origin for their exports, submitting applications through the website of their respective provincial commerce department. ...

May Kunmakara
https://www.khmertimeskh.com/50505079/two-more-provinces-to-be-able-to-issue-certificates-of-origin/

Cambodia is primed and open for business

On July 29, the Cambodian People’s Party (CPP) declared victory in the country’s general election. With the elections out of the way, Phnom Penh, once known as the “Pearl of Asia”, can again be viewed as a hub of opportunity, especially given Cambodia’s robust average ...

Kohe Hasan, Sin Soputhi and Billie Slott
https://www.businesstimes.com.sg/opinion/cambodia-is-primed-and-open-for-business

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