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Cambodia breaks Guinness world record for largest display of origami hearts

Cambodia’s display of origami hearts was included in the Guinness Book of Records on Tuesday as the world’s largest show of origami hearts, breaking the previous record held by Britain, a Guinness World Records adjudicator announced. ...

Khmer Times Staff
https://www.khmertimeskh.com/501272145/cambodia-breaks-guinness-world-record-for-largest-display-of-origami-hearts/

Serey: Central bank’s MoU with UnionPay not yuan agreement

National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...

Sok Raksa
https://www.phnompenhpost.com/business/serey-central-banks-mou-unionpay-not-yuan-agreement

Spirits high after NBC’s prakas on capital rules

The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...

May Kunmakara |
https://www.phnompenhpost.com/business/spirits-high-after-nbcs-prakas-capital-rules

Central bank's regulations to boost financial resilience in Cambodia

The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...

Sok Raksa
https://www.phnompenhpost.com/business/central-banks-regulations-boost-financial-resilience-cambodia

MoU strengthens technical and vocational internships

The Ministry of Labor and Vocational Training, Chamber of Commerce, and employers’ association signed a Memorandum of Understanding (MoU) to promote internship opportunities for vocational and technical training. ...

Kiripost staff writers
https://kiripost.com/stories/mou-strengthens-technical-and-vocational-internships

Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023

Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/

GDT calls for good tax culture in Cambodia

The General Department of Taxation (GDT) has asked garment, footwear, and travel goods (GFT) manufacturers and exporters to comply with the new tax law and also support promoting a good tax culture in Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501403662/gdt-calls-for-good-tax-culture-in-cambodia/

Commerce chamber suggest Hungary open commercial office

The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...

Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office

Press release on the self-declaration of installation and use of solar power systems

On 5 July 2024, the Electricity Authority of Cambodia issued a press release on the self-declaration of installation and use of solar power systems​ on thier official social media site.According to the press,​ the Electricity Authority of Cambodia has appealed to all consumers who have ...

Electricity Authority of Cambodia

Download: pdf

Minister urges RRC to speed up rail modernization

The Minister of Public Works and Transport has urged the Royal Railway of Cambodia (RRC) to modernize its operations by investing in advanced safety equipment and contributing to a more sustainable and efficient transportation system, meeting the growing demands of local passengers. ...

Chea Vanyuth
https://www.khmertimeskh.com/501547945/minister-urges-rrc-to-speed-up-rail-modernization/

Japanese warships arrive in Sihanoukville, Chinese to moor next week

Three Japanese Maritime Self-Defense Force ships dropped anchor in Cambodian waters yesterday, mooring at a Sihanoukville provincial port for a three-day visit meant to strengthen the relationship and boost bilateral ties between Cambodia and Japan, according to General Chhum Socheat, spokesman for the National Defense ...

Ros Chanveasna
http://www.khmertimeskh.com/news/21550/japanese-warships-arrive-in-sihanoukville--chinese-to-moor-next-week/http://www.khmertimeskh.com/news/21550/japanese-warships-arrive-in-sihanoukville--chinese-to-moor-next-week/

Ghosts in the machine

Private firms say costs, delays and bureaucratic red tape have increased since an obscure private company took over the government’s work-permit application and issuance system in September. The Ministry of Labour announced in August that it had outsourced work permit application processing to E-Solutions (Cambodia) Co ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/ghosts-machine

Government to draft policy to boost pepper value

The government is now drafting a policy on pepper with the intention of scaling up a competitive advantage, attract investors and boost added-value to Cambodian pepper production, according to a senior official at the Ministry of Commerce. ...

Sok Chan
https://www.khmertimeskh.com/50768753/government-to-draft-policy-to-boost-pepper-value/

New business registrations down 41%

Last year saw 7,860 new businesses register with the Ministry of Commerce, down 40.72 percent from 13,259 in 2019. At the same time, the ministry dissolved 500 businesses last year, marking a 187 percent increase from 174 in 2019. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-business-registrations-down-41

Cambodia and Indonesia agree to strengthen cooperation in developing the banking sector of the two countries

Dr. Chea Serey, Governor of the National Bank of Cambodia, received a courtesy call from Santo Darmosumarto, Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia to Cambodia, on June 26, 2024, at the National Bank of Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501514105/cambodia-and-indonesia-agree-to-strengthen-cooperation-in-developing-the-banking-sector-of-the-two-countries/

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/

Cambodia comes top of 2015 holiday hotspots list

SIEM Reap in Cambodia, Fort Lauderdale in Florida and the Greek island of Mykonos will be the world’s top holiday hotspots of 2015, according to a report. Siem Reap in the north-west of Cambodia tops the list with a 33 per cent increase in searches ...

Angus Howarth
http://www.scotsman.com/news/world/cambodia-comes-top-of-2015-holiday-hotspots-list-1-3613039

Credit up 30 per cent in 2014

Both deposits and loans in Cambodia’s banking sector increased about 30 per cent last year, a rise that industry insiders say is a productivity boost for the Kingdom’s economy. By the end of December, deposits at all Cambodian banks reached $10 billion, a 32 per cent ...

Hor Kimsay
http://www.phnompenhpost.com/credit-30-cent-2014

Interior Ministry report boasts of crackdown on political protests

Besieged by color revolutionaries, agitators and criminal politicians, the Interior Ministry kept the country safe from encroaching instability—at least, that was the ministry’s boast on Wednesday at its annual meeting. ...

Khuon Narim
https://www.cambodiadaily.com/news/interior-ministry-report-boasts-of-crackdown-on-political-protests-125669/

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