Cambodia’s GDP to grow at 5% in 2022, but inflation threat looms large
Cambodia’s economy is expected to grow at around five percent this year as against three percent last year, but the inflationary pressures being witnessed across the world can cut into the purchasing power of the country’s households as well, said the Financial Stability Report 2021, ...
Manoj Mathew
https://www.khmertimeskh.com/501097032/cambodias-gdp-to-grow-at-5-in-2022-but-inflation-threat-looms-large/
Cambodia, France sign agreement for scientific cooperation
The Ministry of Education, Youth, and Sports and the French Embassy in Cambodia have signed an agreement for science and technology cooperation under the Huber Curien Tonle Sap Partnership, funded by the Innovation Research Fund, to support the initiative to develop or continue research projects ...
Khmer Times Staff
Cambodia’s economy lauded by WEF head
Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), noted the thriving state of the Cambodian economy, recalling that he had seen it first-hand during his visit to the ASEAN Summit hosted by Cambodia last in 2022. ...
Samban Chandara
https://www.phnompenhpost.com/business/cambodias-economy-lauded-wef-head
Cambodia near top of list for expat workers
Cambodia is one of the most attractive countries for expatriates working for US companies in ASEAN, according to a survey of 475 US business executives from throughout the region. of those surveyed in Cambodia, 65 per cent reported that employees in other locations requested to relocate ...
http://www.phnompenhpost.com/business/cambodia-near-top-list-expat-workers
Japan assures more tech support for Kingdom
Japan has promised to further increase its support to the Kingdom in its successful digitalisation and technological advancement journey. This came as Prime Minister Hun Manet held talks with Japanese Premier Kishida Fumio as part of the ‘Asean-related summit meetings’ held in Jakarta last week. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501358751/japan-assures-more-tech-support-for-kingdom/
Yunnan offers to help tourism sector
The Ministry of Tourism is to collaborate with Yunnan’s Tourism and Vocational Training Institution to develop human resources in tourism and seek the methodology to attract more Chinese tourists to visit Cambodia. ...
Sok Chan
http://www.khmertimeskh.com/news/40085/yunnan-offers-to-help-tourism-sector/
Mining revenues questioned
The Ministry of Industry, Mines and Energy earned US$1.52 million in non-tax revenues in 2011, a figure that an opposition lawmaker said was far lower than the actual revenues brought in on mining licences. The intake was more than 15 per cent higher than in 2010, ...
http://www.phnompenhpost.com/index.php/2012032255187/Business/mining-revenues-questioned.html
Land protesters take disputes to the top
Representatives of 187 families in Kampong Chhnang province and Phnom Penh gathered at the Land Management Ministry and the Prime Minister’s cabinet office yesterday seeking help to resolve their years-long land disputes ...
Pech Sotheary
https://www.khmertimeskh.com/50499594/land-protesters-take-disputes-to-the-top/
Concerns over construction safety
The government earlier this week announced the creation of a national committee tasked with improving safety standards on construction sites and ensuring the welfare of labourers. In an attempt to curb construction site accidents, the Labour Ministry on Monday said that the new national committee ...
Sen David
https://www.khmertimeskh.com/50512989/concerns-over-construction-safety/
Ministry report notes drop in number of construction workers
The Land Management Ministry has released a report which says the number of workers in the construction sector during the first nine months of this year has dropped by more than 30 percent when compared to the same period last year. However, its findings are being ...
Mom Kunthear
https://www.khmertimeskh.com/50651594/ministry-report-notes-drop-in-number-of-construction-workers/
GDCE’s revenue up 35 percent
Revenue at the General Department of Customs and Excise (GDCE) saw a significant increase during the first nine months of the year, growing by 35 percent over the corresponding period last year, GDCE’s director said last week. From January to September, the department collected almost $2.4 ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50652815/gdces-revenue-up-35-percent/
Government reveals new budget reform strategy
Prime Minister Hun Sen on Friday announced the government’s new strategy for budget reform aimed at enhancing the sound management of public funds. Dubbed ‘Budget system reform programme for 2018-2025’, the new blueprint for the country’s budgetary policy was presented to the public during the ...
Sok Chan
https://www.khmertimeskh.com/50303602/government-reveals-new-budget-reform-strategy/
Acleda looking to go public
Twenty-five percent of Acleda Bank’s shares will soon be available for trading as stakeholder ASA Plc announced late Wednesday, its plan to list on the Cambodia Securities Exchange (CSX). Acleda Securities Plc president and CEO Prom Visoth noted that the move could potentially double the ...
Hor Kimsay
https://www.phnompenhpost.com/business/acleda-looking-go-public
FAO-led project to boost meat quality in the Kingdom
A new partnership with the Food and Agriculture Organisation of the United Nations seeks to enhance the quality of local meat by modernising facilities and raising hygiene standards, with a pilot project launched in Takeo in November. ...
Sok Chan
https://www.khmertimeskh.com/50525749/fao-led-project-to-boost-meat-quality-in-the-kingdom/
Bourse softens listing criteria
For companies looking to float shares on Cambodia’s fledgling stock exchange, the rules have just been made easier.After three years and only two listings, the Securities and Exchange Commission of Cambodia (SECC) has revamped the listing criteria, in a bid to increase the number of ...
Ananth Baliga
http://www.phnompenhpost.com/business/bourse-softens-listing-criteria
Traffic deaths rise, injuries fall over new year
Although 254 people were either killed or injured in traffic accidents across the Kingdom during this year’s Khmer New Year, and the fatality rate rose, the rate of injury over the four-day celebration decreased when compared with the same period last year, according to a ...
Mom Kunthear
http://www.khmertimeskh.com/news/23881/traffic-deaths-rise--injuries-fall-over-new-year/
Difficult rainy season ends
As a fickle rainy season that has seen areas of the country plagued by drought draws to a close, Cambodia’s rice production remains nearly on target, though food insecurity is still a problem for individual communities, according to the World Food Programme.The season’s slow start ...
Igor Kossov
http://www.phnompenhpost.com/national/difficult-rainy-season-ends
Another setback for online business registry
The Ministry of Commerce has extended the deadline for companies to re-register their businesses online for a third – and “final” – time, giving companies until December 31 to complete the online registration before penalties kick in, according to a document posted yesterday on the ...
Post Staff
http://www.phnompenhpost.com/business/another-setback-online-business-registry
Regulator pushes for corporate governance
The vast majority of local companies lack corporate governance standards and provide insufficient business information, requiring investors and regulators to do heavy due diligence work that stops businesses from tapping into additional funding sources, officials said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/regulator-pushes-corporate-governance
SECC cuts transaction fees for derivative trades
The Securities and Exchange Commission of Cambodia (SECC) has decided to slash transaction fees on derivative trading, a move the SECC claims will help spur future trades. ...
Hor Kimsay
http://www.phnompenhpost.com/business/secc-cuts-transaction-fees-derivative-trades