Prek Ambel eyed for Bassac sea link
Cambodia is pushing to complete a study on the feasibility of using southeastern Kandal province’s Prek Ambel village as the starting point for the Bassac River waterway link to the sea in Kep province.
Hom Phanet
https://www.phnompenhpost.com/business/prek-ambel-eyed-bassac-sea-link
Phnom Penh to host inaugural tech expo
Phnom Penh will host the nation’s first tech expo, Cambodia Tech Expo CTX, in November, with a string of events, conferences and panel discussions aimed at strengthening the tech startup community and attracting investment opportunities.
Bun Tharum
https://kiripost.com/stories/phnom-penh-cambodia-tech-expo-ctx
PM defends appointment of Tina as Agriculture Minister
Prime Minister Hun Sen has lambasted people who have criticised the appointment of Dith Tina as Minister of Agriculture, Forestry and Fisheries, a government official who has mining expertise but no agricultural skills.
Hang Punreay
https://www.khmertimeskh.com/501178064/pm-defends-appointment-of-tina-as-agriculture-minister/
Int’l tourist arrivals cross 1.5 million in Jan-Oct
The number of international tourists visiting Cambodia during January-October 2022 rose to 1,575,954, which is an increase of 991.1 percent over the same period of last year, according to a Ministry of Tourism report, released on Wednesday.
Sok Sithika
https://www.khmertimeskh.com/501194322/intl-tourist-arrivals-cross-1-5-million-in-jan-oct/
NBC asks financial institutions to be flexible with flood affected borrowers
The National Bank of Cambodia has asked financial institutions to implement flexible measures for borrowers who have been affected by flood, in a bid to ease the burden on financial flow and contribute to restoring families’ economic standards.
Chea Vanyuth
https://www.khmertimeskh.com/501170557/nbc-asks-financial-institutions-to-be-flexible-with-flood-affected-borrowers/
Cambodia needs $9.22 billion for next three-year public investment program
The Cambodian government on Friday approved the next three-year public investment program (2023-2025), which would require a total capital of $9.22 billion to implement 663 projects, government spokesperson Phay Siphan said.
Khmer Times Staff
https://www.khmertimeskh.com/501176756/cambodia-needs-9-22-for-next-three-year-public-investment-program/
GMAC mobilising support for mine clearance
The Garment Manufacturers Association in Cambodia (GMAC) has pledged to mobilise support from around 700 of its member companies for demining work in Cambodia, with a fund-raising event scheduled for November 17.
Ry Sochan
https://www.phnompenhpost.com/national/gmac-mobilising-support-mine-clearance
Chinese-built international airport expected to play key role in boosting growth in Cambodia
The new Phnom Penh international airport, which is being constructed by the China Construction Third Engineering Bureau Group Co., Ltd, is expected to play a key role in boosting Cambodia’s economic growth and tourism after being completed.
Khmer Times Staff
https://www.khmertimeskh.com/501181671/chinese-built-international-airport-expected-to-play-key-role-in-boosting-growth-in-cambodia/
Despite risks, GDT collection grows 28.62% in 7 months
Tax authorities have collected approximately $2.21 billion of tax revenue — 78.39 percent of the budget law in the first seven months of the year, which soared by 28.62 percent or about $491.29 million compared to the same period last year, said a release by
Kang Sothear
https://www.khmertimeskh.com/501133080/despite-risks-gdt-collection-grows-28-62-in-7-months/
FinTech workshop responds to growth in digital economy
As more Cambodians tap into the benefits of mobile banking, the Ministry of Economy and Finance is preparing to host a workshop to address the role of the banking sector and FinTech in Cambodia’s digital economy.
Mao Sreypich
https://kiripost.com/stories/fintech-workshop-responds-to-growth-in-digital-economy
Siem Reap bans heavy vehicles amid floods; ANA inspects conditions of land and roads in Angkor area
The Siem Reap provincial Department of Public Works and Transport has issued a notice suspending heavy vehicles from several roads in the province.
Sar Kheng, Pellet discuss anti-trafficking initiative
Cambodia and France are in talks to establish a formal initiative for security cooperation with the goal of combating human trafficking as its priority amid an upsurge in the crime.
Lay Samean
https://www.phnompenhpost.com/national/sar-kheng-pellet-discuss-anti-trafficking-initiative
Cambodian Red Cross donates $100,000 to quake-hit Turkiye
The Cambodian Red Cross has donated $100,000 to Turkiye, after an earthquake on February 6, in order to promote cooperation, solidarity and a culture of mutual assistance.
Hang Punreay
https://www.khmertimeskh.com/501238098/cambodian-red-cross-donates-100000-to-quake-hit-turkiye/
Ministry, CI test pilot camera trap project damoms
The biodiversity and science team from Conservation International (CI) Cambodia, in collaboration with rangers from the Ministry of Environment, are conducting a camera trap distance sampling pilot study in the Central Cardamom Mountain National Park.
Long Kimmarita
https://www.phnompenhpost.com/national/ministry-ci-test-pilot-camera-trap-project-damoms
Ministry official jailed for land fraud
A former government official from Koh Kong province was sentenced yesterday to 18 months in prison by the Phnom Penh Municipal Court, for illegally selling five hectares of land, worth $25,000 to his friend in 2019.
Buth Reaksmey Kongkea
https://www.khmertimeskh.com/501239510/ministry-official-jailed-for-land-fraud/
PM urges end to ‘baseless’ int’l Ream base accusations
Prime Minister Hun Sen urges an end to “baseless” foreign accusations surrounding the development of the Kingdom’s Ream Naval Base, as the US has consistently suggested that the base is being expanded to accommodate a Chinese military presence.
Ry Sochan
https://www.phnompenhpost.com/national/pm-urges-end-baseless-intl-ream-base-accusations
Cambodian, Chinese central banks discuss local currency settlement for cross-border trade
Cambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, said a statement released by the National Bank of Cambodia (NBC) on Saturday.
Khmer Times Staff
https://www.khmertimeskh.com/501266318/cambodian-chinese-central-banks-discuss-local-currency-settlement-for-cross-border-trade/
Cambodia attracts $294 million in investment in Q1
Cambodia attracted 39 fixed-asset investment projects worth $294 million in the first quarter of 2023, generating some 47,000 new jobs, a report of the Council for the Development of Cambodia said Monday.
Khmer Times Staff
https://www.khmertimeskh.com/501271448/cambodia-attracts-294-million-in-investment-in-q1/
IMF cuts world growth outlook as ‘debt stress’ rises: researcher
Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas.
May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher
IMF cuts world growth outlook as ‘debt stress’ rises: researcher
Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas.
May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher
