PPAP’s net profit, revenue decline in 2023
Net profit for Phnom Penh Autonomous Port’s (PPAP) financial year ended December 31, 2023 (FY’23) sank 36.2 percent to $9.1 million from $14.3 million a year ago.
Sangeetha Amarthalingam
https://kiripost.com/stories/ppaps-net-profit-revenue-decline-in-2023
Cambodia actively seeking direct investment for SME sector growth
Cambodia is actively seeking more direct investment to enhance its small and medium-sized enterprise (SME) sector, a key driver of the nation’s economic growth, according to the Ministry of Industry, Science, Technology and Innovation.
Ministries ink MoU for technology training of officials
The Ministry of Justice (MoJ) and the Ministry of Post and Telecommunications (MPT) signed a Memorandum of Understanding (MoU), to modernise the justice sector through technology training for justice officials to improve the quality and efficiency of their work.
Nop Sreymao
https://www.khmertimeskh.com/501438743/ministries-ink-mou-for-technology-training-of-officials/
Cambodia collects nearly $6 billion in taxes in 2023
Cambodia earned $5.9 billion in revenues from all kinds of taxes in 2023, a 3.9 percent decrease compared to $6.14 billion in 2022, as per an official report released on Friday.
Chea Vanyuth
https://www.khmertimeskh.com/501442033/cambodia-collects-nearly-6-billion-in-taxes-in-2023/
Cambodian ministry projects nearly 6.6% growth in 2024
Cambodia’s economy is projected to grow by nearly 6.6 per cent this year despite geopolitical tensions and a global economic slowdown, according to officials from the ministry of economy and finance.
Khmer Times Staff
https://khmertimeskh.com/501444973/cambodian-ministry-projects-nearly-6-6-growth-in-2024/
New win-win monuments to mark peace in 3 provinces
Tea Banh, a member of the Supreme Privy Council to the King and head of the foundation for building the Win-Win Monument, announced that Cambodia plans to construct three additional monuments, modelled after the one in Phnom Penh.
Samban Chandara
https://www.phnompenhpost.com/national/new-win-win-monuments-to-mark-peace-in-3-provinces
Ministry conducts Digital School training
The education ministry’s Information Technology Department conducted a recent training course for 200 high school teachers, in order to enhance their use of online teaching resources.
Bor Pich Zelin
https://www.phnompenhpost.com/national/ministry-conducts-digital-school-training
US offers 12 million more in aid for demining mission
The United States, as part of its ongoing commitment to help Cambodia achieve its objective of becoming a country free of landmines by 2025, has increased its financial assistance for the Kingdom’s mine clearance activities.
Som Sotheary
https://www.khmertimeskh.com/501469690/us-offers-12-million-more-in-aid-for-demining-mission/
French investors keen to learn investment potential in Cambodia
A business forum is scheduled to be held this week in Paris, France, giving floor to businessmen and investors to understand potential investment opportunities in Cambodia, according to the Embassy of France in Phnom Penh.
Chea Vanyuth
https://www.khmertimeskh.com/501423451/french-investors-keen-to-learn-investment-potential-in-cambodia/
Villagers demand compensation from global green mining for clearing farm
At least 10 families are demanding compensation from a private company, which cleared farms and forest land to build an access road to explore iron ore mining in Preah Vihear province.
Khuon Narim
https://cambojanews.com/villagers-demand-compensation-from-global-green-mining-for-clearing-farm/
Guidebook to manufacturing in Cambodia published
EuroCham Cambodia has published a guidebook, ‘Alternative Manufacturing and Special Economic Zones Guidebook 2024’, providing insight for entrepreneurs, investors, and industry stakeholders seeking information about Cambodia’s manufacturing sphere.
Seng Mengheng
https://kiripost.com/stories/guidebook-to-manufacturing-in-cambodia-published
CDC registered 22 investment projects worth $444 million in the first 15 days of February 2024
In the 15 days of February 2024, the Council for the Development of Cambodia (CDC) decided to issue certificates for the registration of 22 qualified investment projects with a total investment capital of more than $444 million. This is according to the report from the
Khmer Times Staff
https://www.khmertimeskh.com/501442338/cdc-registered-22-investment-projects-worth-444-million-in-the-first-15-days-of-february-2024/
Ministry mulls digital record for 1.2 million IDPoor cardholders
The Ministry of Planning said that about 1.2 million poor people are receiving monthly social allowances from the government since 2006, and it is planning to have a digital record of the IDPoor cardholders.
Tith Kongnov
https://www.khmertimeskh.com/501470327/ministry-mulls-digital-record-for-1-2-million-idpoor-cardholders/
Stringent rules for meat importers soon, says GDCE
The General Department of Customs and Excise (GDCE) of Cambodia said that after a meeting with meat importers, it will be setting more stringent guidelines and conditions for those operating in this sector.
Rachel David
https://www.khmertimeskh.com/501470201/stringent-rules-for-meat-importers-soon-says-gdce/
RGPPSEZ reports strong growth in revenues for 2023
The Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) recorded a total revenue of almost $64 million throughout the 2023 year, marking an increase of 137 percent compared to 2022 annual revenues, says the Cambodia Securities Exchange (CSX).
James Whitehead
https://www.khmertimeskh.com/501474093/rgppsez-reports-strong-growth-in-revenues-for-2023/
EU Ambassador sees NA and the EP forging stronger ties
Igor Driesmans, Ambassador of the European Union (EU) to Cambodia, in a meeting with National Assembly (NA) President Khuon Sudary, expressed his firm belief for enhanced cooperation between the NA and the European Parliament (EP).
Hang Punreay
https://www.khmertimeskh.com/501489189/eu-ambassador-sees-na-and-the-ep-forging-stronger-ties/
PM suggests ERA students take responsibility for self-discipline
Prime Minister Hun Manet has reiterated that the Royal School of Administration (ERA), a training school for civil servants and public service officials, must have high standards of discipline, but that its implementation should not need to be strict.
25 investment projects worth over $246 million approved by CDC in May
In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs.
Khmer Times Staff
https://www.khmertimeskh.com/501503519/25-investment-projects-worth-over-246-million-approved-by-cdc-in-may/
Loan-to-deposit ratio normalising in 2024, say bankers
A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion.
Rachel David
https://www.khmertimeskh.com/501505072/loan-to-deposit-ratio-normalising-in-2024-say-bankers/
Cambodia, Thailand sign education cooperation
Cambodia and Thailand have signed a memorandum of understanding (MoU) on cooperation to prepare technical education teaching and learning.
Khmer Times Staff
https://www.khmertimeskh.com/501486082/cambodia-thailand-sign-education-cooperation/
