Budget surplus should be used for social spending to reduce poverty, says UNDP
The UNDP released a report yesterday claiming that by spending just 1.5 percent of the country’s GDP, Cambodia could reduce the number of people in poverty to just three percent of the population. ...
Smart Axiata launches help for startups/SMEs
To support startups and small businesses across Cambodia, Impact Hub Phnom Penh is launching a new education programme for entrepreneurs with funding from Smart Axiata’s $1 million COVID-19 relief fund. ...
Khmer Times Staff
https://www.khmertimeskh.com/50768946/smart-axiata-launches-help-for-startups-smes/
Minister reassures Cambodia’s response to COVID-19 fallouts
Vongsey Vissoth has reiterated the Royal Government of Cambodia’s promising response to the fallouts of the COVID-19. National budget has been reprioritised to allocate about $1 billion to address the emergency areas. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50776547/minister-reassures-cambodias-response-to-covid-19-fallouts/
Economic forecast for 2021 projects 3.5 percent GDP growth
The Kingdom is forecast to register gross domestic product (GDP) growth of 3.5 percent, a sharp reversal of 2020’s contraction of 3.1 percent, the Ministry of Foreign Affairs and International Cooperation has said in its macroeconomic situation report. ...
Husain Haider
https://www.khmertimeskh.com/50825871/economic-forecast-for-2021-projects-3-5-percent-gdp-growth/
Bird’s nest exports to China still far off
The Kingdom’s remains bogged down in efforts to officially export edible bird’s nest to China, according to a senior official at the Ministry of Agriculture, Forestry and Fisheries on April 1. ...
Hin Pisei
https://www.phnompenhpost.com/business/birds-nest-exports-china-still-far
New multi-purpose sea port set for Koh Kong
The government plans to rebuild the derelict old Dang Tong Port in Koh Kong province into a medium-sized multi-purpose seaport at a cost of $1.5 million to spur waterway trade with Thailand, a senior public works official said. ...
Thou Vireak
https://www.phnompenhpost.com/business/new-multi-purpose-sea-port-set-koh-kong
Tax official defogs capital gains
A General Department of Taxation (GDT) official on February 22 listed some of the assets that would be exempt from capital gains tax once it comes into force in January 1, 2022 and shed light on some of the finer subtleties of the tax. ...
Thou Vireak
https://www.phnompenhpost.com/business/tax-official-defogs-capital-gains
PM: Use more Cambodian products
Prime Minister Hun Sen on April 1 appealed to Cambodians’ sense of patriotism to use more local products and called on producers to provide an extra dose of care in their operations to win over consumers. ...
Thou Vireak
https://www.phnompenhpost.com/business/pm-use-more-cambodian-products
Fishing communities get funds
The government continues to provide funding to 150 fishing communities in the amount of four million riel ($1,000) each for community management and fisheries management, flood protection, patrols, conservation and management planning. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/fishing-communities-get-funds
International tourists plunge 91% in first six months: NBC
Cambodia welcomed 108,000 international tourists in the first half of 2021, down 90.8 per cent from 1.18 million in the same period of 2020, according to the central bank. ...
Hin Pisei
https://www.phnompenhpost.com/business/international-tourists-plunge-91-first-six-months-nbc
PAS extends export-container demurrage
Sihanoukville Autonomous Port (PAS) is extending the storage grace period from five to seven days from October 1 for export containers passing through the Kingdom’s sole deep-sea port, in a move met with generally positive response from local exporters. ...
Thou Vireak
https://www.phnompenhpost.com/business/pas-extends-export-container-demurrage
Siem Reap villages remain in lockdown
Siem Reap provincial authorities have decided to extend the lockdown of Varin village in Varin district and commune for another week through October 1 after many Covid-19 cases were detected. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/siem-reap-villages-remain-lockdown
Garment exports from SEZs valued at $357 million over first semester
Cambodia exported $357.8 million worth of garments, textiles, shoes and travel goods in the first six months of 2021, inching up 1.4 percent compared with the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50894153/garment-exports-from-sezs-valued-at-357-million-over-first-semester/
Lumpy Skin outbreak affects 10,000 cattle
About 10,000 heads of cattle across 20 provinces, especially along the Thai border, have been infected with Lumpy Skin Disease (LSD), and about 1% of those sick cattle have died, which were mostly calves. ...
Chhun Sun Ly
https://www.khmertimeskh.com/50920972/lumpy-skin-outbreak-affects-10000-cattle/
Animal-related exports soar 40 per cent to $66 million
Cambodia earned about $66.13 million from the export of live adult animals and products of animal origin in 2021, a 40.1 per cent surge from $47.18 million a year earlier, the General Directorate of Animal Health and Production reported. ...
Hom Phanet
https://www.phnompenhpost.com/business/animal-related-exports-soar-40-cent-66-million
Banteay Meanchey rescues rice, warns of future droughts
Officials from the Banteay Meanchey provincial water resources and agriculture departments have joined forces to pump water to nearly 1,000ha of dry-season rice in Mongkol Borei district in the face of water shortages. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/banteay-meanchey-rescues-rice-warns-future-droughts
International tourism revenue declines 82%
Cambodia booked just $184 million in international tourism revenue last year, marking an 82 per cent nosedive from $1.023 billion in 2020, as the Covid-19 pandemic curtailed travel throughout the world. ...
Hin Pisei
https://www.phnompenhpost.com/business/international-tourism-revenue-declines-82
Gender equality in spotlight as women’s day approaches
With the 111th anniversary of the International Women’s Day approaching, senior Cambodian officials marked the event a week ahead on March 1 with the theme Gender equality today for a sustainable tomorrow. ...
Mom Kunthear
https://www.phnompenhpost.com/national/gender-equality-spotlight-womens-day-approaches
China remains as the leading supplier of COVID-19 vaccines for Cambodia
China is the leading supplier of vaccines against the COVID-19 pandemic for Cambodia, said Secretary of State at the Ministry of Health Dr. Yuok Sambath while welcoming the arrival of China-donated over 1.5 million doses of Sinovac vaccine along with medical supplies for the vaccination ...
Khmer Times Staff
https://www.khmertimeskh.com/501049478/china-remains-as-the-leading-supplier-of-covid-19-vaccines-for-cambodia/
DPM Prak Sokhonn says Cambodia-ROK FTA to further enhance healthy bilateral economic cooperation
The Cambodia-Republic of Korea (ROK) Free Trade Agreement that has entered into force on Dec. 1 this year, will further enhance the current healthy bilateral economic cooperation, particularly on trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198790/dpm-prak-sokhonn-says-cambodia-rok-fta-to-further-enhance-healthy-bilateral-economic-cooperation/