WB puts GDP growth at 6.9 percent
The economy will grow at a rate of 6.9 percent in 2018, according to the latest report from the World Bank. Other international financial institutions have issued similar forecasts this month, with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) putting national ...
Sok Chan
https://www.khmertimeskh.com/50302559/wb-puts-gdp-growth-at-6-9-percent/
ADB’s assistance to Cambodia nears 2.9 bln
The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s largest multilateral development partner. The development bank issued a report yesterday that puts its total contribution to Cambodia at $2.86 billion over ...
Sum Manet
https://www.khmertimeskh.com/50479970/adbs-assistance-to-cambodia-nears-2-9-bln/
We’re going to Wisney World!
More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International ...
Hin Pisei
https://www.phnompenhpost.com/business/were-going-wisney-world
Students to learn financial literacy
Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...
Hor Kimsay
https://www.phnompenhpost.com/business/students-learn-financial-literacy
Illegal loggers take to waterways
Stung Treng provincial police yesterday cracked down on an illegal timber operation that was transporting logs along the Sekong river in Stung Treng city. Provincial police chief Major General Mao Dara said the illegal timber operation was using rafts to float illegally felled trees along ...
Pech Sotheary
https://www.khmertimeskh.com/50532806/illegal-loggers-take-to-waterways/
Stung Treng authority agrees to Bunong request
Stung Treng provincial authorities have unanimously agreed to the request and conditions of the ethnic Bunong community members from Kbal Romeas village who have been impacted by the Lower Sesan II dam in the province. However, the authorities are still considering requests and conditions laid down ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/stung-treng-authority-agrees-bunong-request
Gov’t launches revenue strategy
The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-launches-revenue-strategy
Social fund to cover pensions
At a meeting chaired by Prime Minister Hun Sen on Friday, the Council of Ministers approved a draft law on expanding the scope of the National Social Security Fund (NSSF) to cover pensions. The law is of immense importance, particularly in providing greater protections for ...
Ry Sochan
https://www.phnompenhpost.com/national/social-fund-cover-pensions
Certificate of origin issuance poised to be decentralised
The Ministry of Commerce has intensified its decentralisation policy and shifted its responsibility for issuing certificates of origin (COs) to provincial commerce departments, it said on Monday. To promote the Kingdom’s agricultural exports, the ministry announced a pilot launch from November 1 in three border ...
Thou Vireak
https://www.phnompenhpost.com/business/certificate-origin-issuance-poised-be-decentralised
Areng Valley community office dismantled
Chumnoab commune authorities in Koh Kong province have started to dismantle the Areng Valley community office despite appeals from the community to keep it. On March 21, Chumnoab commune officials advised the Areng Valley community to relocate their office because the land it was on ...
Sen David
https://www.khmertimeskh.com/50483296/areng-valley-community-office-dismantled/
Preah Vihear court takes legal action against three illegal loggers
Preah Vihear provincial court is taking action against three suspects for illegal forest clearing in Prey Lang and Boeung Per Wildlife Sanctuaries and death threats following a complaint from a team of park rangers and the Prey Lang Community Network (PLCN) on Tuesday, according to ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/preah-vihear-court-takes-legal-action-against-three-illegal-loggers
Suvannaphum SEZ gets nod from Ministry of Environment
The Ministry of Environment on Wednesday approved the environmental impact assessment for a new special economic zone in Kandal province. Plans to build Suvannaphum SEZ, which will be located 46 kilometres away from Phnom Penh, can continue after the EIA for the project was approved ...
Chea Vannak
https://www.khmertimeskh.com/50589334/suvannaphum-sez-gets-nod-from-ministry-of-environment/
Study on mass transit system completed
The Japan International Cooperation Agency (JICA) has concluded a feasibility study on the AGT, an electric mass transit system that could help reduce traffic congestion in Phnom Penh. However, the result of the study has not been made public yet, said Vasim Sorya, spokesman for the ...
Chea Vannak
https://www.khmertimeskh.com/50622359/study-on-mass-transit-system-completed/
Amru bags rice deals worth almost $10M
Amru Rice Group, one of Cambodia’s largest rice exporters, on Thursday signed a contract purchase agreement with 4,000 organic rice farmers in Preah Vihear province. The agreement effectively means that the company will reserve nearly $10 million to purchase around 30,000 tonnes of organic paddy ...
Hor Kimsay
https://www.phnompenhpost.com/business/amru-bags-rice-deals-worth-almost-10m
Cambodia earns UN economic council seat
The Foreign Affairs Ministry yesterday said that Cambodia has been elected to become a non-permanent member of the United Nations Economic and Social Council for a duration of one year. A ministry statement said that at the UN headquarters in New York on Wednesday, 183 of ...
Ven Rathavong
https://www.khmertimeskh.com/50501343/cambodia-earns-un-economic-council-seat/
Trade war may boost Kingdom’s US exports
Exports of travel goods from the Kingdom are set to gain from the ongoing US-China trade war as US lobbyists for the Garment Manufacturers Association of Cambodia (GMAC) claim that President Donald Trump plans to raise duties on such China-made products from 10 to 25 ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-war-may-boost-kingdoms-us-exports
US to ramp up sanctions after ‘flawed’ national polls
At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 ...
Niem Chheng
https://www.phnompenhpost.com/national/us-ramp-sanctions-after-flawed-national-polls
Europe to discuss Kem Sokha’s detention
The European Parliament is set to hold urgent debates on selected human rights, democracy and rule of law topics on Thursday in Strasbourg, France, a briefing released by the body said last week. Discussion on Cambodia will centre on the imprisonment of court-dissolved Cambodia National ...
Niem Chheng
https://www.phnompenhpost.com/national/europe-discuss-kem-sokhas-detention
Company nears water distribution
A recently-completed water treatment facility with the capacity to store up to 60,000 cubic metres of water in Preah Sihanouk province’s Kbal Chhay will only resume distributing water after Anco Brothers, a conglomerate tasked with building and operating the facility, has concluded that all technical ...
Pech Sotheary
https://www.khmertimeskh.com/50565275/company-nears-water-distribution/
Stung Meanchey residents being relocated
City Hall yesterday began to distribute plots of land to 153 families being relocated during a project to restore Stung Meanchey canal. In August last year, Phnom Penh Municipal Governor Khuong Sreng said that authorities would measure the land and distribute titles for a total ...
Pech Sotheary
https://www.khmertimeskh.com/50497922/stung-meanchey-residents-being-relocated/