China’s BRI flagship project in Cambodia injects momentum to growth, improving livelihoods
The Sihanoukville Special Economic Zone (SSEZ), a flagship project in Cambodia under China’s Belt and Road Initiative (BRI), has not only injected impetus into the kingdom’s economic growth, but also importantly contributed to improving livelihoods of tens of thousands of locals.
Khmer Times Staff
https://www.khmertimeskh.com/501295175/chinas-bri-flagship-project-in-cambodia-injects-momentum-to-growth-improving-livelihoods/
Number of factories in Cambodia grows from 64 in 1997 to 1,326 in 2023, says Prime Minister Hun Sen
During a meeting with nearly 20,000 workers and employees in the Royal Group Phnom Penh Special Economic Zone, on May 26, Prime Minister Hun Sen, said that Cambodia currently has 1,326 factories with more than 840,000 labor force across the country.
Khmer Times Staff
https://www.khmertimeskh.com/501297669/number-of-factories-in-cambodia-grows-from-64-in-1997-to-1326-in-2023-says-prime-minister-hun-sen/
King promulgates amended election law
King Norodom Sihamoni on July 4 issued a Royal Decree promulgating the amended election law, following its passage by the National Assembly and Senate in June and clearance by the Constitutional Council (CCC) on July 3.
Kim Yutharo
https://www.phnompenhpost.com/national/king-promulgates-amended-election-law
NEC voter lists protest period ongoing with 53 total complaints
The period for lodging official complaints with the National Election Committee (NEC) following the posting of the 2022 voter list and list of removed names is underway with a total of 53 complaints received to date through commune councils nationwide, according to NEC spokesman Som
Yuth Vireak
https://www.phnompenhpost.com/national/nec-voter-lists-protest-period-ongoing-53-total-complaints
Capital-Poipet express rail project making headway
The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete.
Van Socheata
https://www.phnompenhpost.com/national/capital-poipet-express-rail-project-making-headway
VISA commits to promotion of e-commerce and digital economy of Cambodia
VISA has committed to the enhancement of e-commerce and digital economy of Cambodia, affirmed Chris Clark, VISA’s Regional President for Asia Pacific, while paying a courtesy call on Pan Sorasak, Minister of Commerce, at the ministry office yesterday afternoon.
Khmer Times Staff
https://www.khmertimeskh.com/501257303/visa-commits-to-promotion-of-e-commerce-and-digital-economy-of-cambodia/
New sub-decree tightens regulations on garment industry sub-contractors
Cambodia will prepare a sub-decree improving existing labour mechanisms by adding detailed procedures, permanent management mechanisms, responsibilities for relevant companies, especially sub-subcontractors, as Cambodia seeks to ensure the prevention of the use of forced labour.
Van Socheata
https://www.phnompenhpost.com/business/new-sub-decree-tightens-regulations-garment-industry-sub-contractors
UN’s FAO opens Cambodia office, plans $65M in projects
The UN Food and Agriculture Organisation’s (FAO) office in Cambodia intends to commence the implementation of a range of new projects in 2023 in close collaboration with the Ministry of Agriculture, Forestry and Fisheries and other partners, with total funding of over $65 million, according
Orm Bunthoeurn
https://www.phnompenhpost.com/national/uns-fao-opens-cambodia-office-plans-65m-projects
AFD pledges $435m for Cambodian development projects
AFD has pledged to pump its largest amount of funding to date into Cambodia in the form of $435 million to fund a raft of projects, with priority given to water and sanitation, agriculture, energy and vocational training sectors.
Marissa Carruthers
https://kiripost.com/stories/afd-pledges-435m-for-cambodian-development-projects
Cellcard eyes $20M IPO after CSX’s green light
Prominent telecoms operator CAMGSM Plc, a subsidiary of locally-owned conglomerate Royal Group of Companies Ltd that trades as Cellcard, plans to raise about $20 million through an initial public offering (IPO) on the Cambodia Securities Exchange (CSX), expected in May.
May Kunmakara
https://www.phnompenhpost.com/business/cellcard-eyes-20m-ipo-after-csxs-green-light
NBC’s Chanto: Kingdom’s growth will hit 6% in 2023
The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF).
Rann Reuy
https://www.phnompenhpost.com/national/nbcs-chanto-kingdoms-growth-will-hit-6-2023
Third dolphin calf born in four months spotted in Stung Treng
The Fisheries Administration and World Wildlife Fund Cambodia (WWF) recorded a third dolphin calf born in the four months from January to April, with the conservation NGO saying that this year’s number of dolphin deaths has dropped by 50 per cent.
Chea Sokny
https://www.phnompenhpost.com/national/third-dolphin-calf-born-four-months-spotted-stung-treng
Cambodia’s international trade declines 14.1%
Cambodia’s international trade stood at $15.16 billion for January to April this year, a decline of 14.1 percent, compared to the same period last year, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday.
Manoj Mathew
https://www.khmertimeskh.com/501288366/cambodias-international-trade-declines-14-1/
CPBANK, ADB partner on small business loan project
Cambodia Post Bank Plc (CPBank) has partnered with the Asian Development Bank (ADB) on a $10 million loan initiative to provide to the Kingdom’s micro-, small- and medium-sized enterprises (MSME) to support their recovery after years of Covid-related disruptions, according to ADB.
May Kunmakara
https://www.phnompenhpost.com/business/cpbank-adb-partner-small-business-loan-project
CPP holds annual summit with Vietnam’s ruling party
Prime Minister Hun Sen, in his capacity as president of the Cambodian People’s Party (CPP), had a meeting with Nguyen Phu Trong, the leader of the Communist Party of Vietnam (CPV), in Hanoi over the weekend to discuss the situations for each party.
Samban Chandara
https://www.phnompenhpost.com/national/cpp-holds-annual-summit-vietnams-ruling-party
NBC inks new payment connectivity pacts
National Bank of Cambodia (NBC) on Thursday created a new milestone for the country by inking deals with the central banks of the Republic of Fiji and the Solomon Islands to exchange knowledge and experience on financial innovation and inclusion as well as to share
Kang Sothear
https://www.khmertimeskh.com/501245618/nbc-inks-new-payment-connectivity-pacts/
Bassac-Kampot waterway study to be completed soon
Goods transportation via the Tonle Bassac river to Kampot province’s seaport will boost Cambodia’s inland waterway transport sector on the international stage and bring greater benefits to the national economy as a feasibility study on the project will be soon completed.
Chea Vanyuth
https://www.khmertimeskh.com/501249576/bassac-kampot-waterway-study-to-be-completed-soon/
Job loss fears as GFT exports decline by 25 percent in February
Cambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses.
Manoj Mathew
https://www.khmertimeskh.com/501253565/job-loss-fears-as-gft-exports-decline-by-25-percent-in-february/
Rice exports approach one million tonnes exported in first two months of 2023
In the first two months of 2023, Cambodia exported nearly 100,000 tonnes of milled rice worth $72.67 million to 38 markets through 40 milled rice export companies, according to a report from the Cambodia Rice Federation (CRF).
Van Socheata
https://www.phnompenhpost.com/business/rice-exports-approach-one-million-tonnes-exported-first-two-months-2023
Chanthol urges jump in EV charging stations
An inter-ministerial technical committee held their first meeting to draft the legal framework and policy, as well as strategies, for the management and development of electric vehicles (EVs) in Cambodia. They are also planning workshops to set out a roadmap for the construction of charging
Sok Raksa
https://www.phnompenhpost.com/business/chanthol-urges-jump-ev-charging-stations
