Stimulating FDI to strengthen Cambodia’s economy
Despites the ongoing Covid-19 crisis and geopolitical tensions, foreign direct investment (FDI) inflows to Cambodia remain stable, attracting $3.6 billion last year, a senior official said on Friday.
Prak Chan Thul
https://kiripost.com/stories/stimulating-fdi-to-strengthen-cambodias-economy
Cambodia, Laos launch KHQR-LAOQR cross-border payments
The National Bank of Cambodia (NBC) and Bank of the Lao PDR (BOL) on Friday launched the cross-border payment via QR Code in Laos in the first phase, said a statement.
Kang Sothear
https://www.khmertimeskh.com/501345965/cambodia-laos-launch-khqr-laoqr-cross-border-payments/
ADB loan for TVET to boost skilled workforce in Cambodia
Cambodia will benefit through reforms and investments in technical and vocational education and training (TVET) combined with private sector participation with a new $100 million loan from the Asian Development Bank (ADB).
Khmer Times Staff
https://www.khmertimeskh.com/501335348/adb-loan-for-tvet-to-boost-skilled-workforce-in-cambodia/
Kingdom win Guides conference hosting rights
Cambodia has been awarded hosting rights to the 39th World Conference of the World Association of Girl Guides and Girl Scouts (WAGGGS) in 2026, following a successful vote gathering campaign at the 38th conference, held in Cyprus from July 26-31.
Samban Chandara
https://www.phnompenhpost.com/national/kingdom-win-guides-conference-hosting-rights
Cambodia’s central bank says foreign reserves increased to $18.4 billion as of June
Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday.
Khmer Times Staff
https://www.khmertimeskh.com/501334799/cambodias-central-bank-says-foreign-reserves-increased-to-18-4-billion-as-of-june/
Cambodia issues Government Bond of $27 million in H1
The government has raised funds through government bond issuance with a total of $27 million in the first six months of this year, accounting for 13.5 percent of the $200 million target.
Khmer Times Staff
https://www.khmertimeskh.com/501334815/cambodia-issues-government-bond-of-27-million-in-h1/
Rangers take on 4,250 crimes since January
Since 2017, the Kingdom’s park rangers have intervened in over 8,000 forestry and wildlife crimes a year, with more than 800 cases referred to courts.
Voun Dara
https://www.phnompenhpost.com/national/rangers-take-4250-crimes-january
Program aims to assess learning levels in education
The Ministry of Education, Youth and Sport (MoEYS) has signed up to a global scheme that aims to assess education quality in schools and students levels of learning, and aid post-Covid recovery in the sector.
Pailin province to buy crops from local farms
Pailin provincial governor Ban Sreymom has unveiled a new initiative to purchase agricultural products from smallholding farmers, with the aim of boosting local produce and promoting organic farming.
Van Socheata
https://www.phnompenhpost.com/national/pailin-province-buy-crops-local-farms
GFT exports decline 19% in Jan-Aug
Cambodia’s exports of garments, footwear and travel goods (GFT) continue to decline with the January to August period showing a setback of 19.28 percent, compared to the performance of the sector during the same period last year.
Manoj Mathew
https://www.khmertimeskh.com/501358748/gft-exports-decline-19-in-jan-aug/
Building 2 economic corridors with China crucial to enhance Cambodia’s development capacity: experts
Establishing “Industrial Development Corridor” and “Fish and Rice Corridor” with China is essential to enhance Cambodia’s capacity for independent development, contributing to boosting the kingdom’s socioeconomic development at a faster pace, experts said on Tuesday.
Khmer Times Staff
https://www.khmertimeskh.com/501359232/building-2-economic-corridors-with-china-crucial-to-enhance-cambodias-development-capacity-experts/
Japanese SMEs interested in investing in Cambodia’s two key areas
Japanese small and medium enterprises (SMEs) are interested in invested in two main sectors in Cambodia, visiting Fumiaki Takahashi, President of the Japan-Cambodia Association (JCA) told the Cambodia Prime Minister in a courtesy meeting here at the Peace Palace yesterday.
Khmer Times Staff
https://www.khmertimeskh.com/501359272/japanese-smes-interested-in-investing-in-cambodias-two-key-areas/
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE).
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-trade-dips-85
Cambodia-US trade recovery underway, with export growth
Cambodia-US trade during the first nine months of 2023 reached $7.08 billion, marking a 3% dip from the $7.3 billion in the corresponding period of 2022, as per the General Department of Customs and Excise (GDCE).
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-us-trade-recovery-underway-export-growth
Cambodia, US sign cultural property cooperation agreement
The Cambodian Ministry of Culture and Fine Arts and the US Embassy in Phnom Penh Wednesday signed a US-Cambodia Cultural Property Agreement extending for another five years the US ‘long-standing commitment to preserving and restoring Cambodia’s rich cultural heritage.
Khmer Times Staff
https://www.khmertimeskh.com/501352269/cambodia-us-sign-cultural-property-cooperation-agreement/
Prime Minister Hun Manet to engage proactively at 43rd ASEAN Summit and Related Summits in Indonesia
Dr Hun Manet will lead a prominent delegation to attend the 43rd ASEAN Summit and Related Summits in Jakarta, at the invitation of the ASEAN Chair for the year, Joko Widodo, President of the Republic of Indonesia.
Khmer Times Staff
https://www.khmertimeskh.com/501353576/prime-minister-hun-manet-to-engage-proactively-at-43rd-asean-summit-and-related-summits-in-indonesia/
SERC ensuring investors in the securities sector are protected
Investor protection is a top priority for the Securities and Exchange Regulator of Cambodia (SERC) – the authority in charge of monitoring, supervising and developing the sector in the Kingdom – one the body places the greatest importance.
Phnom Penh Post Staff
https://www.phnompenhpost.com/banking-securities-business/serc-ensuring-investors-securities-sector-are-protected
Land sales spur revenue increase for PPSP in Q2
Public-listed Royal Group Phnom Penh Special Economic Zone (PPSP) reported a significant growth in business performance in the second quarter of 2023 amid regional and global economic uncertainties.
May Kunmakara
https://www.phnompenhpost.com/business/land-sales-spur-revenue-increase-ppsp-q2
Land sales spur revenue increase for PPSP in Q2
Public-listed Royal Group Phnom Penh Special Economic Zone (PPSP) reported a significant growth in business performance in the second quarter of 2023 amid regional and global economic uncertainties.
May Kunmakara
https://www.phnompenhpost.com/business/land-sales-spur-revenue-increase-ppsp-q2
PM calls for serious action against human trafficking, drugs
In a meeting with all the 25 governors at the Peace Palace yesterday, Prime Minister Hun Manet urged them to take serious action against drugs and human trafficking in line with the government’s Pentagonal Strategy.
Hang Punreay
https://www.khmertimeskh.com/501359844/pm-calls-for-serious-action-against-human-trafficking-drugs/
