Migrant remittances total $2.8B last year
Cambodia migrant workers last year sent $2.8 billion back home in remittances, according to the latest report by the Ministry of Labour and Vocational Training. Speaking at an annual gathering last week, Minister Ith Sam Heng said the ministry continues to manage the employment and labour ...
Thou Vireak
https://www.phnompenhpost.com/business/migrant-remittances-total-28b-last-year
Announcement on the detection of methanol in hand-sanitized alcohol products
On 17 April 2020, the Ministry of Commerce issued an announcement on the detection of methanol in hand-sanitized alcohol products. More than 80 tonnes of methanol were found, the announcement said. The ministry also asked businesses, businessmen, companies and individuals to stop selling and distributing ...
Ministry of Commerce
Inspiring tech entrepreneurship
The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...
http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html
WHO, UNICEF laud action on infant formula violations
The World Health Organization (WHO) and the United Nations Children’s Fund (Unicef) commended the Health Ministry’s crackdown on four companies for violating the International Code of Marketing of Breast-milk Substitute. The four companies are Royal Platinum Co Ltd, Nutrilatt, LMM Distribution and VVH Import Export. ...
Som Kanika
https://www.khmertimeskh.com/50740345/who-unicef-laud-action-on-infant-formula-violations/
CRF: Bumper 2021 for organic rice
Cambodia exported 11,200 tonnes of organic milled rice to international markets in 2020, a slight 1.2 per cent increase over 2019, according to the Cambodia Rice Federation (CRF). While the milled-rice export sector by and large chalks up 2020’s lacklustre growth performance to the ongoing ...
Hin Pisei
https://www.phnompenhpost.com/business/crf-bumper-2021-organic-rice
Regional free trade deals ‘key to Cambodian and ASEAN success’
Foreign investors and independent credit evaluators are echoing confidence in Cambodia in light of the series of free trade agreements (FTAs) both completed and being pursued by the Kingdom’s government. According to the ASEAN Briefing (AB), such FTAs could see the region become the world’s ...
Tom Starkey
https://www.khmertimeskh.com/50809206/regional-free-trade-deals-key-to-cambodian-and-asean-success/
Announcement: the organizing the 4th national technical and vocational education and training day in 2021
On 13 April 2021, the Ministry of Labour and Vocational Training released an announcement on organizing the 4th national technical and vocational education and training day in 2021, under the theme “Technical and Vocational Education and Training to improve skills and high income” aims to ...
Ministry of Labour and Vocational Training
International Non-government Organizations (INGOs)
[[“Actors”,”Expertise/purposes”,”Website”,”Facebook”],[“Pact“,”Pact focuses on women’s empowerment, innovation, and capacity development. “,””,”Link“],[“Global Entrepreneurship Network (GEN)“,”GEN has the vision to build one global entrepreneurship ecosystem.”,””,”Link“],[“Oxfam in Cambodia“,”Oxfam in Cambodia is committed to building a just and sustainable society through reduced poverty and inequality. Together with Khmer Enterprise and ...
NGOs and social enterprises
[[“Actors”,”Expertise/purposes”,”Website”,”Facebook”],[“ Open Development Cambodia (ODC)“,”ODC is an open data institution that provides information on various topics and issues from economic to environmental, government, social, and landing.”,””,”Link“],[“Young Entrepreneurs Association of Cambodia (YEAC)“,”YEAC builds capacity, empowers entrepreneurs, constructively advocates, and engages the public. “,””,”Link“],[“Global Entrepreneurship Network Cambodia ...
NBC calls on MFIs to spread risk
The National Bank of Cambodia was pushing microfinance institutions to look to domestic banks for funding in an industry heavily reliant on foreign loans, experts said yesterday. Although the NBC is seeking to foster healthier relationships between MFIs and the Kingdom’s commercial banks, a dearth of ...
http://www.phnompenhpost.com/index.php/2011090951563/Business/nbc-asks-mfis-to-diversify.html
Vietnamese bank upgrades business form to boost investment in Cambodia
The increasing number of Vietnamese investors gives more potential to the Cambodia market. Saigon Though Tin Commercial Bank (Sacombank), on October 5, opened fully its operation as a foreign bank in Cambodia where before it was just a branch in Phnom Penh after the business ...
Interministerial Prakas 098 on setting formulas for editing on retail price of gasoline in Cambodia
On 09 March 2016 a joint declaration on “Setting formulas for editing on retail price of gasoline in Cambodia” was signed to officially implemented by Ministry of Commerce, Ministry of Economy and Finance, and Ministry of Mines and Energy, which has been accomplished with 11 clauses. ...
Ministry of Commerce
Mekong countries agree to strengthen tourism cooperation
Greater Mekong Subregion (GMS) countries have agreed to boost tourism cooperation, including improving infrastructure and marketing techniques and developing human resources. During the 44th GMS Tourism Working Group Meeting, held last week in Siem Reap, the six countries that form GMS signed an agreement to ...
Sok Chan
https://www.khmertimeskh.com/50665908/mekong-countries-agree-to-strengthen-tourism-cooperation/
Money machines
The secong Cambodia International Textile and Garment Exhibition from August 17 to 20 aimed to boost the Kingdom’s all-important garment sector by highlighting high-tech machinery which could boost factories’ productivity and bottom lines. Over 2,700 square meters at the Diamond Island Convention and Exhibition Center, the ...
Minh: Connectivity is key to Asean's tourism plans
Connectivity is crucial to the process of building the Asean Community, and ties in with the effort to market the region as a single tourist destination, the grouping’s chief said. “Asean is in the process of building the Asean Community, and in the process of building ...
http://www.nationmultimedia.com/aec/Minh-Connectivity-is-key-to-Aseans-tourism-plans-30198610.html
Rice exporter turns to Cambodia
Capital Rice Ltd, Thailand’s third-largest rice exporter, is shifting some of its business to Cambodia as the Thai market shrinks because of government intervention that has diverted grain into state stockpiles or made it too expensive to ship. “We have built a medium-sized milling house in ...
http://www.bangkokpost.com/breakingnews/332629/disillusioned-rice-exporter-turns-to-cambodia
Insurance Premiums Up 40% in First 6 Months
Revenues generated by insurance firms increased 40 percent ro $18.9 million between january and June compared to the same period last year, according to data released yesterday by the General Insurance Association of Cambodia (GIAC). Fire insurance continued to reign as the sector’s top earner, accounting ...
Belarus eyes enhanced trade, investment ties with Cambodia
Belarus announced its firm stance to promote bilateral cooperation with Cambodia in trade, investment and tourism for mutual benefits, Vladimir Andreichenko, Chairman of the Belarus Parliament, said Monday. He expressed Belarus’s desire to operate a direct flight to Cambodia. He suggested that the two countries ...
http://news.xinhuanet.com/english/world/2013-02/11/c_132164406.htm
Firms Go to Arbitration Over Failed Gold Mining License Deal
Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed deal to obtain an exploration license. Astra Resources Plc. has also gone ...
Walmart and H&M Suppliers Pay Workers at Closed Cambodia Plant
Suppliers to Wal-Mart Stores Inc. (WMT) and Hennes & Mauritz AB (HMB) agreed yesterday to pay about $145,000 in back wages and severance to about 160 workers at a Cambodian factory that closed in November, a labor activist involved in the deal said. The agreement, which ...