RCEP, FTAs create more favorable trade, investment opportunities for investors in Cambodia
The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTAs) have provided more favorable trade and investment opportunities for investors in Cambodia, a senior commerce ministry official said on Saturday.
Khmer Times Staff
https://www.khmertimeskh.com/501277686/rcep-ftas-create-more-favorable-trade-investment-opportunities-for-investors-in-cambodia/
Grumblings of disquiet on Koh Rong Sanloem over sudden evictions
Cambodian authorities are calling the popular beach resorts on major tourist attraction Koh Rong Sanloem island “illegal” and claiming there are only “one or two” holdouts left after a sudden eviction notice.
Mech Dara, Sarum Sreynat and Ouch Sony
https://vodenglish.news/grumblings-of-disquiet-on-koh-rong-sanloem-over-sudden-evictions/
Restoration work on Angkor Thom’s Takav Gate completed
The restoration work on the Takav Gate in the western part of Angkor Thom temple in the famed Angkor Archeological Park in northwest Cambodia’s Siem Reap province has been 100 percent completed, the Apsara National Authority (ANA) said in a news release on Wednesday.
Khmer Times Staff
https://www.khmertimeskh.com/501235640/restoration-work-on-angkor-thoms-takav-gate-completed/
Cassava prices swell in northwest border areas
Cassava prices have seen a marked on-year increase in areas near the Thai border, as the harvest reaches 85-90 per cent, according to industry insiders.
Hin Pisei
https://www.phnompenhpost.com/business/cassava-prices-swell-northwest-border-areas
Cambodia’s cashew players’ plans to strengthen the sector for export
Cambodia’s cashew value chain has received a boost after discussions were held between Cambodia Cashew Federation (CCF) and development partners to build the nation’s nascent cashew export sector.
Marissa Carruthers
https://kiripost.com/stories/cambodias-cashew-players-plans-to-strengthen-the-sector-for-export
Tina urges dairy farm-farmer venture
Minister of Agriculture, Forestry and Fisheries Dith Tina aims to promote cooperation between local farmers in northern Takeo province’s Bati district and the owners of Kirisu Dairy Farm, saying he foresees great potential in such a venture.
Hong Raksmey
https://www.phnompenhpost.com/business/tina-urges-dairy-farm-farmer-venture
PM Hun Sen re-appeals to people not to panic over international banking institutions’ warning
Prime Minister Hun Sen has once again called on the people not to panic over the recent warning of the International Monetary Fund (IMF) and the World Bank over the risks of a global recession.
Khmer Times Staff
https://www.khmertimeskh.com/501265570/pm-hun-sen-re-appeals-to-people-not-to-panic-over-international-banking-institutions-warning/
Microfinance sector plays important role in economic development: NBC
The microfinance sector in Cambodia has been playing an important role in contributing to economic and social development, especially the reduction of poverty in rural areas, said a senior official at the National Bank of Cambodia.
Chea Vanyuth
https://www.khmertimeskh.com/501268058/microfinance-sector-plays-important-role-in-economic-development-nbc/
General Department of Customs and Excise earns more than $564 million in Q1
The General Department of Customs and Excise (GDCE) has collected $564.1 million as custom income in the first three months of this year, a decline of 5.2 percent compared to the same period of 2022.
Khmer Times Staff
https://www.khmertimeskh.com/501273118/general-department-of-customs-and-excise-earns-more-than-564-million-in-q1/
Lao delegation on Kingdom visit to discuss mine action
A delegation from Laos visited Cambodia and exchanged experiences on mine action and relevant work experiences on management, information gathering, planning and prioritising mine action in the Kingdom.
Post Staff
https://www.phnompenhpost.com/national/lao-delegation-kingdom-visit-discuss-mine-action
NEC begin campaign training as nat’l election approaching
The National Election Committee is running a May 2-3 training session on election campaigning, said NEC deputy secretary-general and spokesman Som Sorida.
Sem Pisey
https://www.phnompenhpost.com/national/nec-begin-campaign-training-natl-election-approaching
287,454 international tourists visit world famous Angkor Archaeological Park in Cambodia in 2022
Cambodia’s famed Angkor Archaeological Park attracted 287,454 foreign tourists in 2022, earning $11.5 million from ticket sales, the state-owned Angkor Enterprise said in a statement on Wednesday.
Khmer Times Staff
https://www.khmertimeskh.com/501214463/287454-international-tourists-visit-world-famous-angkor-archaeological-park-in-cambodia-in-2022/
New tax law passed
The National Assembly on Wednesday passed a new law on taxation that has been in draft for years, as part of efforts to bolster the government’s tax collection process.
Seng Mengheng and Prak Chan Thul
https://kiripost.com/stories/new-tax-law-passed
Sihanoukville Autonomous Port CEO vows port will become regional hub
Lou Kim Chhun, government delegate in charge as chairman and CEO of Sihanoukville Autonomous Port, said he was determined to push the development of a new container terminal and deep-water port in Sihanoukville.
Van Socheata
https://www.phnompenhpost.com/business/sihanoukville-autonomous-port-ceo-vows-port-will-become-regional-hub
DPM Men Sam An receives Lao State Inspection Authority delegation
Men Sam An, Deputy Prime Minister, Minister of National Assembly-Senate Relations and Inspection, received here on June 21 a Lao delegation led by Dr. Khamphanh Phommathath, Chairman of the State Inspection Authority.
Khmer Times Staff
https://www.khmertimeskh.com/501313226/dpm-men-sam-an-receives-lao-state-inspection-authority-delegation/
PM says huge investment potential for southwest region
Prime Minister Hun Sen said that the southwest parts of Cambodia are a hub with huge potential for investment due to their well-connected infrastructure, easy transport to deep seaports, and sufficient electricity supplies.
Chea Vannak and Chea Vanyuth
https://www.khmertimeskh.com/501315350/pm-says-huge-investment-potential-for-southwest-region/
Cambodia’s electronic payment amount among highest in world
The amount of payments made via electronic system in Cambodia reached nearly 1,000 percent of the country’s Gross Domestic Product (GDP) in 2022, said a senior official of National Bank of Cambodia (NBC).
Kang Sothear
https://www.khmertimeskh.com/501319532/cambodias-electronic-payment-amount-among-highest-in-world/
New draft law on SEZs finalised
The Council for the Development of Cambodia recently finalised a new draft law on special economic zones (SEZs), aiming to attract investment into the country by providing incentives, enhancing transparency, and promoting fair competition.
Chea Vanyuth
https://www.khmertimeskh.com/501296505/new-draft-law-on-sezs-finalised/
Concern as Omicron variant cases rise in neighbouring countries
The Ministry of Health has alerted people to be vigilant and continue to practise preventive measures followed for COVID-19, as transmission from a new sub- variant, Omicron XBB.1.5, are increasing in neighbouring countries.
Tith Kongnov
https://www.khmertimeskh.com/501298252/concern-as-omicron-variant-cases-rise-in-neighbouring-countries/
PM calls for immediate constitutional amendment to bar those who do not vote from standing for election
In a voice message released late last night, Prime Minister Hun Sen has called on the Ministry of Interior and the Ministry of Justice to immediately amend the election law on those who have the right to stand for election.
Khmer Times Staff
https://www.khmertimeskh.com/501306680/pm-orders-study-on-barring-people-who-do-not-vote-from-standing-for-election/
