Only ‘legal’ SMEs to benefit from aid package: Ministry
The $800 million to $2 billion COVID-19 stimulus package announced by Prime Minister Hun Sen last month will only be given to those businesses that are legally registered and are formally verified, the Ministry of Economy and Finance has said. ...
Harrison White
https://www.khmertimeskh.com/50708031/only-legal-smes-to-benefit-from-aid-package-ministry/
A serious concern: Cambodians’ $8 billion microfinance debt
Impending COVID-19 health measures and high levels of micro debt pose a serious concern for the approximately 2.4 million Cambodians with a combined outstanding debt of $8 billion, according to a World Bank report released this week. ...
Harrison White
https://www.khmertimeskh.com/50708402/a-serious-concern-cambodians-8-billion-microfinance-debt/
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
Kingdom-US trade surges 33% in six months
Bilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year, despite the profound implications of the Covid-19 pandemic ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-us-trade-surges-33-six-months
US remains Cambodia’s biggest market despite declining exports
The US remained the biggest market for Cambodia with a share of 34.4 percent even though the Kingdom’s exports to the country decreased by 20.2 percent to reach $1.12 billion in the first two months of the year compared to the same period in 2022, ...
Manoj Mathew
https://www.khmertimeskh.com/501255716/us-remains-cambodias-biggest-market-despite-declining-exports/
Report says forestry crime decreasing
Park rangers across th country cracked down on 5,376 cases of illegal timber trade, confiscating more than 1,000 cubic metres of wood, and 2,100 chainsaws, a senior Environment Ministry official said. Ministry spokesman Neth Pheaktra said the total number of case showed a marked decrease ...
Tith Kongnov
https://www.khmertimeskh.com/501222616/report-says-forestry-crime-decreasing/
MoEYS Opens 48 ICT Labs for 29,000 lower secondary students and 300 pre-teachers
The Ministry of Education, Youth and Sport (MoEYS) has established 2 ICT Labs for 24 institutes each – 4 Regional Teacher Training Centers (RTTCs) and 20 secondary schools-in 4 Provinces, Kampong Cham, Kandal, Takeo, and Prey Veng. In these 48 ICT Labs, 300 pre-teacher majoring ...
Khmer Times Staff
https://www.khmertimeskh.com/501440126/moeys-opens-48-ict-labs-for-29000-lower-secondary-students-and-300-pre-teachers/
Union leader rejects video, photo evidence
During his second day under questioning on charges of inciting violence and property damage at a January 2 protest, union leader Vorn Pao was presented with photographs showing his tuk-tuk packed with rocks, and a video of him calling on low-ranking police to turn their ...
Eang Mengleng and Khy Sovuthy
http://www.cambodiadaily.com/news/union-leader-rejects-video-photo-evidence-59326/
Cambodia-Asia Economic Forum kicks off
PHNOM PENH: The 8th Asia Economic Forum kicked off here on Saturday, focusing on reviewing the ASEAN achievements in the past 45 years and looking at opportunities and challenges toward the realization of an ASEAN community by 2015. The 2-day forum has been attending by some ...
Life on the farm at CC4
A remote jail opened more than five years ago to lessen chronic overcrowding in the prison system is also operating as a farming business, where free labour is seemingly used to yield big profits for senior staff.When Correctional Centre 4 (CC4) opened its gates in ...
May Titthara and Alice Cuddy
http://www.phnompenhpost.com/national/life-farm-cc4
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 ...
Provocative Posters Spark Renewed Protests
More than 2,000 garment factory workers protested Saturday and plan to strike today in support of union organizers who face prosecution in court for alleged “incitement” over demonstrations at the plant, a union representative said yesterday. The workers at Ocean Garment factory began demonstrating on Aug. ...
The Week at the CSX
The price of the Phnom Penh Water Supply Authority stock over the Aug. 30-Sept. 5 period fluctuated from KHR 6,350 (US$1.57) to KHR 6,450 (US$1.59), but trading volumes went down to zero again on Aug. 31, the second time in the bourse’s short history. With ...
Border provinces request more energy from Thailand
Thailand had been asked to supply more electricity to those Cambodian provinces close to the shared border, according to officials. Suy Sem, Cambodian minister of Industry, Mine and Energy, talked to reporters after a bilateral meeting with his counterpart, Thai Minister Arak Chonlatanon last week, a ...
Water Supply Shares Fall Below Launch Price
The share price of the Phnom Penh Water Supply Authority (PPWSA) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in April. The decline matches views expressed by investors here that the authority’s ...
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 ...
Illegal Logging a Challenge for Carbon Trading
A Ministry of Agriculture official said yesterday he was aware of allegations of illegal logging by Royal Cambodian Armed Forces soldiers within protected community forests in Oddar Meanchey province and was looking into it. “I am following this case, but I haven’t received their petition yet,” ...
Boeung Kak women jailed after three-hour trial
Thirteen women protesters from Boeung Kak lake were yesterday sentenced to two and a half years in prison after a three-hour trial that was widely condemned as illegal – and which prompted SRP lawmaker Mu Sochua to urge the international community to suspend aid to ...
Gas Imports Grow to Nearly 1M Tons This Year
Oil imports to Cambodia in the first half of the year increased 22 percent to nearly 1 million tons compared to the same period last year, according to figures obtained yesterday from the Ministry of Commerce. According to the data, Cambodia imported 922,860 tons of gas ...
NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total ...