Japan to provide $50M for Phnom Penh power project
The Japanese government has agreed to provide eight billion yen (about $50 million) in financing the Phnom Penh City Electricity Transmission and Distribution System Expansion Project. ...
Manoj Mathew
https://www.khmertimeskh.com/501520191/japan-to-provide-50m-for-phnom-penh-power-project/
Minister Highlights Successes of CLV-DTA
Commerce Minister, Cham Nimol, has highlighted the benefits of the Cambodia-Laos-Vietnam Development Triangle Area, refuting claims that the Kingdom may lose land while noting the economic benefits the deal has brought in the last 25 years. ...
Yatt Malai
https://kiripost.com/stories/minister-highlights-successes-of-clv-dta
More rice trade deals underway to expand markets
Cambodia is negotiating with some countries in the region on rice trade deals to expand the Cambodian rice market, said Cham Nimul, Minister of Commerce on Tuesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501557391/more-rice-trade-deals-underway-to-expand-markets/
Minimum wage for workers raised by $4 for next year
Next year’s minimum wage for the garment, footwear, and travel goods industries has been set at $208 per month, an increase of $4 from this year. ...
Sen David
https://www.khmertimeskh.com/501562708/minimum-wage-for-workers-raised-by-4-for-next-year/
Cambodia attracted $396 mil fixed-asset investment in July
Cambodia attracted $396 million in fixed-asset investment in July this year, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501570504/cambodia-attracted-396-mil-fixed-asset-investment-in-july/
High Fuel Prices a Blow to Cambodia’s Covid-hit Tourism Sector
The Cambodian government has lifted all COVID-19 travel restrictions in the hopes of boosting the hard-hit tourism industry, but now businesses say sanctions on Russia and the resulting high energy prices are hampering the sector’s recovery. ...
Sorn Sarath
https://cambojanews.com/high-fuel-prices-a-blow-to-cambodias-covid-hit-tourism-sector/
Environment Ministry asks Kraol indigenous people to apologize for burning down building
Two weeks after the Kraol indigenous community set fire to an Environment Ministry station in Kratie, the ministry invited local authorities and indigenous people to a meeting on Wednesday and requested that the indigenous community apologize. Only one indigenous person invited attended. ...
Seoung Nimol and Hel Komsan
https://cambojanews.com/environment-ministry-asks-kraol-indigenous-people-to-apologize-for-burning-down-building/
NagaWorld union leader defends strike’s legality on day two of trial
On the second day of trial for nine NagaWorld union members accused of incitement, the Phnom Penh municipal court prosecutor claimed union leader Chhim Sithar had been directing an illegal protest while Sithar maintained she was merely participating in a legal strike aligned with labor ...
Sovann Sreypich
https://cambojanews.com/nagaworld-union-leader-defends-strikes-legality-on-day-two-of-trial/
Inflation Will go Down Later this Year, Economy Minister Said
The Consumer Price Index increased by a total of 7.1 percent in June 2011 compared to the same period last year at the same time. Ministry of Economy and Finance expects that inflation would go down to 6.5 percent at the end of this year ...
Government Reverses Ban, Agrees to CNRP March
The Ministry of Interior announced Tuesday in a last minute meeting that it would allow the opposition CNRP to take 1,000 people through the streets of Phnom Penh to deliver a petition to the U.N. and eight foreign embassies during its three-day mass demonstration that ...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/elections/government-reverses-ban-agrees-to-cnrp-march-45694/
Social Security Fund starts new insurance scheme
The National Social Security Fund (NSSF) on Monday launched an initiative to provide health insurance to the nation’s workforce, a plan that the country’s largest employers’ associations said was premature. NSSF director Ouk Samvithya said that by the middle of this year, enterprises in the country ...
Aun Pheap and Matt Blomberg
http://www.cambodiadaily.com/news/social-security-fund-starts-new-insurance-scheme-55375/
Borei Keila Residents Protest Resettlement Plan
Residents of Borei Keila in Phnom Penh are protesting their resettlement. They were promised housing by Phanimex Company in exchange for the land they gave to the developers, who are said to not completed their side of the deal. So far only 7 of 10 ...
Worker 'threatened' for speaking to press
A Cambodian migrant worker in Thailand has said that a recruitment firm in Phnom Penh that sent him and about 1,000 others to work at an “exploitative” factory is threatening him because he spoke to the press. Keo Ratha, 37, said yesterday he received a threatening ...
Mortgage lending improving as real estate sector slowly returns to strength
Mortgages are increasingly being used by home buyers in Cambodia according to experts. Commercial banks had slowed direct loans to property development in the wake of the 2008 global financial crisis, though mortgage lending has increasingly filled the space, said National Valuers Association of Cambodia ...
Fashionistas Plan Extravanganza in Cambodia
2,000 some fashionistas from around Asia will descend on Phnom Penh in October for 10 days during the country’s first fashion event, costing an estimated $1 million. According to Sophy Ke, president of the Cambodia Fashion Council, Cambodia Fashion Week is intended to increase domestic ...
High-output rice seed factory set to be built
Cambodia firm Overseas Cambodia Investment Corporation yesterday signed a Memorandum of Understanding with a Singapore-based company to develop a high-output rice seed factory in the Kingdom. The cooperation between major investment firm OCIC and agriculture research company Smah Prum Royal International Pte Ltd is set to ...
Tourism will drive food service sector growth zzz
Cambodia will require an additional 1,000 restaurants by 2020 to service the Kingdom’s growing tourism sector, Ministry of Tourism officials say. By 2020, seven million international visitors, and as many as 10 million domestic tourists, were expected to visit the country’s tourist destinations each year, Tith ...
Cambodia-Thai trade still on track
Thailand’s worst floods in decades have not slowed trade with Cambodia, a Thai official in Phnom Penh said yesterday, claiming many products sought by Cambodia came from areas free of flooding. Bilateral trade between the two countries rose nine per cent year-on-year in the first nine ...
China firm plans bauxite processing plant in Kratie
China’s Erdos Hongjun planned to build a bauxite processing plant in Kratie province as part of the company’s US$1.5 billion venture in the Kingdom’s northeast, provincial officials said yesterday. The plant would serve Erdos’s mine in neighbouring Mondulkiri, an exploration licence for which was granted by ...
Chinese bank launches branch in Phnom Penh
The Industrial and Commercial Bank of China (ICBC) launched its first branch in Cambodia yesterday, bringing the total number of commercial banks in the country to 30. Speaking at the inauguration of the branch in Phnom Penh, Finance Minister Keat Chhon made an appeal to ICBC ...