Import of petrol, diesel up 23 percent to $1 billion
Cambodia’s imports of petroleum and diesel were up 23 percent to $1.06 billion in the first five months this year, according to a report from the General Department of Customs and Excise (GDCE).
Chea Vanyuth
https://www.khmertimeskh.com/501509730/import-of-petrol-diesel-up-23-percent-to-1-billion/
Multimillion dollar investments approved in Sihanoukville
Two projects in Sihanoukville with an investment of nearly $600 million have received incentives from the Council for the Development of Cambodia and are estimated to have a positive impact on the economy of Sihanoukville.
Meas Molika
https://kiripost.com/stories/multimillion-dollar-investments-approved-in-sihanoukville
Commerce chamber suggest Hungary open commercial office
The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation.
Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office
Kingdom records 23 percent rise in foreign tourist arrivals in Jan-April
Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday.
Chea Vanyuth
https://www.khmertimeskh.com/501507656/kingdom-records-23-percent-rise-in-foreign-tourist-arrivals-in-jan-april/
Cambodia and Indonesia agree to strengthen cooperation in developing the banking sector of the two countries
Dr. Chea Serey, Governor of the National Bank of Cambodia, received a courtesy call from Santo Darmosumarto, Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia to Cambodia, on June 26, 2024, at the National Bank of Cambodia.
Khmer Times Staff
https://www.khmertimeskh.com/501514105/cambodia-and-indonesia-agree-to-strengthen-cooperation-in-developing-the-banking-sector-of-the-two-countries/
More participatory five-year disaster risk reduction action plan endorsed
In a plenary session on July 5, the Council of Ministers reviewed and endorsed the National Action Plan for Disaster Risk Reduction (NAP-DRR) with more participatory preparedness, well mainstreamed with new technology.
Khmer Times Staff
https://www.khmertimeskh.com/501518380/more-participatory-five-year-disaster-risk-reduction-action-plan-endorsed/
National strategic plan to fight human trafficking launched
The government has launched a strategic plan to combat all forms of human trafficking over the next five years. The goal is to gradually reduce and ultimately eliminate human trafficking.
Sen David
https://www.khmertimeskh.com/501534039/national-strategic-plan-to-fight-human-trafficking-launched/
Funan Techo Canal to boost trade, bring in investments
Cambodia Monday celebrated the commencement of the highly anticipated Funan Techo Canal project, a massive infrastructure initiative that will play an important role in transforming the country’s economic landscape.
Chea Vanyuth
https://www.khmertimeskh.com/501535770/funan-techo-canal-to-boost-trade-bring-in-investments/
Growth in vehicle sales fuelled by bank loans, dealers say
Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles,
Mekong Dredging Blamed for Riverbank Collapse, Lost Land
Dredging in Kompong Cham province along the Mekong river is being cited as the cause for the collapse of the river bank and the force behind more than a dozen families having to leave their homes. An area of approximately 20 meters y 200 meters
Owners seek compensation
Residents and business owners are seeking compensation from Vattanac after its construction project alongside Phnom Penh’s riverside Sisowath Quay damaged buildings. Pop Café, Edelweiss, the Foreign Correspondents Club (FCC), and others are having insurance claims adjusters in to inspect the buildings in order to determine
http://www.phnompenhpost.com/index.php/2011072650623/National-news/owners-seek-compensation.html
Crocodile Farmers Plagued by Volatile Market
Crocodile farmers are feeling the pinch after a year of volatile crocodile prices and market demand. Despite the spike in crocodile prices late last year – which followed on the heels of worrying lows between 2005 and 2007 – demand for the live exports of
Maid nightmares retold
A Cambodia migrant worker who was at times threatened at knifepoint, tied up or punched in the head by her employer yesterday revealed her chilling experience of the labour recruitment industry. Following her testimony via video link, broadcast at Sam Rainsy Party headquarters, opposition parliamentarian
http://www.phnompenhpost.com/index.php/2011082651282/National-news/labour-nightmares-retold.html
Another Worker Faints at M&V Garment Factory
Another worker fainted at the M&V International Manufacturing Ltd garment factory in Kompong Chhnang yesterday morning, sparking “hysteria” and resulting in 10 workers having to return home to rest, a union official said. Two mass-fainting incidents occurred at the factory, which produces clothes for outfitter
Phok Dorn and Alice Burke, P. 35
https://opendevelopmentcambodia.net/wp-content/uploads/sites/2/2017/08/30-August-2011-page-001.jpg
Exchange officials explain IT system
Stock exchange officials were conducting a five-day workshop on the IT system that will allow trading, Securities and Exchange Commission of Cambodia director-general Ming Bankosal said yesterday. The workshop, held in conjunction with the Cambodia Securities Exchange, would also seek feedback on the system’s functionality
Minister says floods affect 90,303 families
Flooding has affected 90,303 families and flooded 83,007 houses nationwide, while 13,402 families have been evacuated so far from inundated areas, Minister of Information Khieu Kanharith said Monday.
Citing data from the National Committee for Disaster Management (NCDM), Mr Kanharith also said in a posting to
Trade with China to hit $2 billion this year
Bilateral trade between China and Cambodia is on track to reach $2 billion by the end of this year, its highest level ever, an official at the Chinese Embassy in Phnom Penh said.
Jin Yuan, economic and commercial counselor at the Chinese Embassy, said during a
Tourist arrivals grow 15% in first nine months
Visitor arrivals to Cambodia saw a year-on-year increase of 15 percent in the first nine months of 2011, reaching more than 2 million people, according to new figures released by the Tourism Ministry yesterday.
The figures showed that, from January to September, arrivals by air increased
Strikers ordered back to work
The Phnom Penh Municipal Court ordered on Tuesday that workers striking at Cambo Handsome 1 return to work within 48 hours and banned them from striking in front of the garment factory, in the capital’s Dankgor district.
Seang Sambath, president of the Federation of Friendship Unions,
Preah Vihear families seek top-level intervention
Families continuing to defy eviction orders in Preah Vihear fear police and authorities will use violence to remove them from their homes this week, villagers told the Post yesterday.
Representatives of Svay Chum village in Choam Ksan district’s Kantuot commune trekked to Phnon Penh on Friday
