CDC okays $103.3M in new projects
The Council for the Development of Cambodia (CDC) on April 17 announced that it approved five new investment projects with a cumulative capital commitment of $103.3 million, which are expected to generate a total of 1,168 jobs. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-1033m-new-projects
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/
Disadvantaged youth to benefit from government’s initiative
The government has announced a new project to provide free technical and vocational training to about 1.5 million poor students a year. ...
Torn Vibol
https://www.khmertimeskh.com/501224581/disadvantaged-youth-to-benefit-from-governments-initiative/
Premium seaplane slated for take-off late-2023 to early-2024
Cambodia’s first premium seaplane service is slated to start operations in late-2023 to early-2024, initially connecting Phnom Penh with locations within a 1.5-hour flying time. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-premium-seaplane-slated-for-take-off-late-2023-to-early-2024
Cambodia and Japan sign nearly $10 million grant aid
An exchange of notes concerning the provision of Japan’s grant aid at the amount of JPY 1,338,000,000 or approximately $9.7 million was signed here yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501382696/cambodia-and-japan-sign-nearly-10-million-grant-aid/
Health Ministry aims to reduce blindness to 0.35% of populace by 2030
The Ministry of Health announced an updated roadmap for the management of blindness and its prevention. The plan aims to reduce blindness among the populace to 0.35% from the present rate of 1.2% by 2030. ...
Hang Punreay
https://www.khmertimeskh.com/501404753/health-ministry-aims-to-reduce-blindness-to-0-35-of-populace-by-2030/
Electrical exports bolster economy in 2023, up 50%
Cambodia exported over $3.1 billion in electrical machinery, equipment and related products to the international market in 2023, an increase of more than 50% compared to 2022. The export value of these products constituted nearly 14% of the country’s total exports, as per data from ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-exports-bolster-economy-in-2023-up-50-
Migrant workers in Thailand face obstacles returning home for Khmer New Year
Cambodians working in Thailand said they face challenges returning home for Khmer New Year, despite the Thai government waiving re-entry fees from April 1 to May 15. ...
Kuch Sikol
https://kiripost.com/stories/migrant-workers-in-thailand-face-obstacles-returning-home-for-khmer-new-year
For arrested activists, thumbprints on police contracts are often the cost of freedom
In mid-August, Chhoeun Daravy and eight others found themselves negotiating with police over the wording of a handwritten contract. Officers initially wanted the agreement to say that the nine had “illegally” entered a “prohibited area” in the recently logged Phnom Tamao forest and flew a ...
Ngay Nai and Matt Surrusco
https://cambojanews.com/for-arrested-activists-thumbprints-on-police-contracts-are-often-the-cost-of-freedom/
Insurance revenue up 18.2% in first seven months
Revenue generated from insurance premiums in the first seven months of 2011 has grown 18.2% to $15.89 million compared to the same period last year, according to statistics released yesterday by the General Insurance Association of Cambodia. The figures show that revenue from fire premiums increased ...
Villagers protest for more flats
More than 100 Borei Keila villagers took to the streets yesterday to demand that Phanimex Company owner Suy Sophan honour a contract signed in 2003 that promised housing for 1,776 families in exchange for land. The protesters, holding banners, statues of the spirit and a pig’s ...
Deals to Export Rice, Cassave to China Made
Cambodia’s TTY Corporation Co Ltd signed a $20 million deal yesterday with the state-owned China Grain Reserves Corp to process and export rice to China. The deal between TTY Corp and China Grain Reserves Corp’s Guangzhou branch, called Sinograin, was sealed with an agreement to ...
(Hul Reaksmey, p 27)
http://www.camnet.com.kh/cambodia.daily/
Another logger shot dead along Thai border
Thailand has repatriated the body of an Oddar Meanchey man fatally shot Tuesday while illegally logging for rosewood in Thailand, border officials said yesterday. Torn Kimsann, 22, was among a group of four men from Samraong City’s O’Smach commune who had ventured about 1km into Thailand ...
Group angered after Thailand says it will not oppose dam
An environmental group yesterday criticized Thailand’s announcement last week that it would not oppose Laos’ proposal to build the first Lower Mekong dam at the upcoming Mekong River Commission (MRC) meeting, as long as Laos addresses the dam’s environmental impacts. Water and environment ministers from Cambodia, ...
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
Exports to EU show promise
Cambodia’s exports to the European Union increased by 40 per cent to a total value of US$1.3 billion in 2011, according to European Trade Commissioner Karel De Gucht, who is in Phnom Penh for the ASEAN-EU Business Summit. “I think it is fair to say ...
http://www.phnompenhpost.com/index.php/2012040255365/Business/exports-to-eu-show-promise.html
Economic growth may slow to 6.5% due to EBA, global risks
The government has predicted that Cambodia’s economic growth will decline to 6.5 per cent next year – down from 7.1 per cent this year – due to global challenges and the possible withdrawal of the EU’s “Everything But Arms” trade agreement. The prediction was made ...
Niem Chheng
https://www.phnompenhpost.com/national/economic-growth-may-slow-65-due-eba-global-risks
Report shows skills gap as companies struggle to find competent candidates to fill key positions
As if highlighting the lack of work skills and experience in the Kingdom, of more than 1,000 job openings in Phnom Penh alone as of last month, only 150 young applicants were successful at the interview stage. Phnom Penh Job Center director Aing Pheareak told ...
Gov’t to crack down on overdue road tax
The General Department of Taxation (GDT) will continue collecting the annual road tax on vehicles due at the end of last month until the end of the year, but will start cracking down on late payments on January 1, it announced. The taxes can be ...
Sok Chan
http://www.khmertimeskh.com/news/18434/gov---t-to-crack-down-on-overdue-road-tax/
Mobile money transfer heats up
True Money, a new entrant to Cambodia’s growing mobile money-transfer market, said yesterday it will start operations across the Kingdom from January 1, with the first phase focusing only on local transfers, according to a company official.The money-transfer service, which comes under the Thailand-based Charoen ...
Kun Kourchettana
http://www.phnompenhpost.com/business/mobile-money-transfer-heats