Black gold on the horizon
The Ministry of Mines and Energy signed a petroleum agreement with Cambodia Resources Energy Development Co on exploration of the offshore Block D oilfield. “Signing the agreement allows the company to conduct studies and search for oil in Block D,” Cheap Sour, director-general of Petroleum <a href='https://opendevelopmentcambodia.net/news/black-gold-on-the-horizon/ ' class='cambodia-color'>...a>
Chea Vannak
https://www.khmertimeskh.com/50690818/black-gold-on-the-horizon
Stricter tax collection puts $2.9 billion target in sight
The General Department of Taxation (GDT) announced it aims to collect a total of $2,886 million in tax revenue this year. In January, it had already collected about $239 million, accounting for 8.3 per cent of the annual target and an increase of 14.75 per <a href='https://opendevelopmentcambodia.net/news/stricter-tax-collection-puts-2-9-billion-target-in-sight/ ' class='cambodia-color'>...a>
Chhut Bunthoeun
https://www.khmertimeskh.com/50692368/stricter-tax-collection-puts-2-9-billion-target-in-sight
Regional appeal courts set in motion
King Norodom Sihamoni has issued a royal decree ordering the opening of three regional appeal courts in Preah Sihanouk, Battambang and Tbong Khmum provinces. <a href='https://opendevelopmentcambodia.net/news/regional-appeal-courts-set-in-motion/ ' class='cambodia-color'>...a>
Voun Dara
https://www.phnompenhpost.com/national/regional-appeal-courts-set-motion
NGO calls for climate budget transparency
NGO Forum on Cambodia issued a report on Wednesday which said that from 2000 to 2017, some one million houses were seriously affected by climate change disasters. Yet, government spending on the issue remained relatively limited. <a href='https://opendevelopmentcambodia.net/news/ngo-calls-for-climate-budget-transparency/ ' class='cambodia-color'>...a>
Khorn Savi
https://www.phnompenhpost.com/national/ngo-calls-climate-budget-transparency
Kingdom casts it export net wider to mitigate exit of major US and EU markets
Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. <a href='https://opendevelopmentcambodia.net/news/kingdom-casts-it-export-net-wider-to-mitigate-exit-of-major-us-and-eu-markets/ ' class='cambodia-color'>...a>
Harrison White
https://www.khmertimeskh.com/50712402/kingdom-casts-it-export-net-wider-to-mitigate-exit-of-major-us-and-eu-markets/
‘No plan’ to reduce electricity bills nationwide
Despite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity authority of Cambodia (EaC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction <a href='https://opendevelopmentcambodia.net/news/no-plan-to-reduce-electricity-bills-nationwide/ ' class='cambodia-color'>...a>
Chea Vannak
https://www.khmertimeskh.com/50713248/no-plan-to-reduce-electricity-bills-nationwide/
Traffic law changes in force
The government has amended the Road Traffic Law and updated the fines for all road violations. a sub-decree released on Tuesday said the fine for motorcycle or tuk-tuk drivers and motorbike riders who fail to wear helmets or wear them incorrectly is 60,000 riel ($15). <a href='https://opendevelopmentcambodia.net/news/traffic-law-changes-in-force/ ' class='cambodia-color'>...a>
Voun Dara
https://www.phnompenhpost.com/national/traffic-law-changes-force
Banana exports booming despite pandemic
Cambodia exported 72,182 tonnes of fresh yellow bananas to international markets during the first three months of this year, a Ministry of agriculture, Forestry and Fisheries report said. Most of the bananas were exported to China, with the rest being shipped to Vietnam and Japan. <a href='https://opendevelopmentcambodia.net/news/banana-exports-booming-despite-pandemic/ ' class='cambodia-color'>...a>
Thou Vireak
https://www.phnompenhpost.com/business/banana-exports-booming-despite-pandemic
Fisheries authority chalks up 599 offences
he Fisheries AdministrAtion hAs crAcked down on A totAl of 599 fishing offences in the first three months of the yeAr, including 42 seA fishing offences. This figure is down by 88 cAses from the sAme period lAst yeAr, sAid its report obtAined by The <A href='https://opendevelopmentcAmbodiA.net/news/fisheries-Authority-chAlks-up-599-offences/ ' clAss='cAmbodiA-color'>...A>
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/fisheries-authority-chalks-599-offences
No sign of slowing sales of borey projects despite Coronavirus
Sale prices of Phnom Penh landed property (borey) units showed no sign of slowing down in the past six months. Driven by strong local demand, the average quoted prices accelerated across all unit types, according to the first quarter report from CBRE, a commercial real <a href='https://opendevelopmentcambodia.net/news/no-sign-of-slowing-sales-of-borey-projects-despite-coronavirus/ ' class='cambodia-color'>...a>
Kingdom steps up TB fight
Prime Minister Hun Sen said Cambodia needs to speed up efforts to reduce the morbidity and mortality rates of tuberculosis patients, as the Kingdom still had a high number of both compared to the rest of the world. <a href='https://opendevelopmentcambodia.net/news/kingdom-steps-up-tb-fight/ ' class='cambodia-color'>...a>
Ry Sochan
https://www.phnompenhpost.com/national/kingdom-steps-tb-fight
Announcement to the Cambodia Rice Federation about the permission to re-export white rice
On May 13 2020, the Ministry of Economy and Finance has issued a notification to the Cambodian Rice Federation, in which the Royal Government is authorized to grant the re-export of white rice upon overseas buying contract and the notification comes into effect from 20 <a href='https://opendevelopmentcambodia.net/announcements/announcement-to-the-cambodia-rice-federation-about-the-permission-to-re-export-white-rice/ ' class='cambodia-color'>...a>
Ministry of Economy and Finance
Trade with Japan sees increase of nearly 5%
Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows. <a href='https://opendevelopmentcambodia.net/news/trade-with-japan-sees-increase-of-nearly-5/ ' class='cambodia-color'>...a>
Thou Vireak
https://www.phnompenhpost.com/business/trade-japan-sees-increase-nearly-5
CCHR press statement on the occasion of World Press Freedom Day
On 3 May 2020, the Cambodian Center for Human Rights (CCHR) released a short video showcasing the opinions of five journalists and media workers on the situation of press freedom and the importance of an independent media in Cambodia to celebrate World Press Freedom Day <a href='https://opendevelopmentcambodia.net/announcements/cchr-press-statement-on-the-occasion-of-world-press-freedom-day/ ' class='cambodia-color'>...a>
Cambodian Center for Human Rights
Ministry of Health's notification on measures to prevent unidentified pneumonia
On 10 January 2020, the Ministry of Health of the Kingdom of Cambodia releases a notification on measures to prevent unidentified pneumonia to all the public to be careful, especially those are planning to travel to or returning from Wuhan, Hubei Province of the People’s <a href='https://opendevelopmentcambodia.net/announcements/ministry-of-healths-notification-on-measures-to-prevent-unidentified-pneumonia/ ' class='cambodia-color'>...a>
Ministry of Health
Nearly $70 million investment projects licensed, to create 5,000 jobs
Council for the Development of Cambodia (CDC) has given the green light to five new investment projects with a total investment capital of $65.6 million. according to the council’s press releases issued recently, the new projects approved are expected to create nearly 5,000 jobs for <a href='https://opendevelopmentcambodia.net/news/nearly-70-million-investment-projects-licensed-to-create-5000-jobs/ ' class='cambodia-color'>...a>
Phal Sophanith/AKP
https://www.khmertimeskh.com/50732891/nearly-70-million-investment-projects-licensed-to-create-5000-jobs/
Geopacific Resources could have unearthed major gold copper system in Cambodia
Geopacific Resources’ (aSX: GPR) may have discovered a major gold and copper system from drilling in Cambodia which on the results could yet get bigger. Standout results from preliminary gold assays from follow-up RC drilling at the 150 Prospect have extended the strike length of high <a href='https://opendevelopmentcambodia.net/news/geopacific-resources-could-have-unearthed-major-gold-copper-system-in-cambodia/ ' class='cambodia-color'>...a>
Proactive Investors News Staff
http://www.proactiveinvestors.com.au/companies/news/54565/geopacific-resources-could-have-unearthed-major-gold-copper-system-in-cambodia-54565.html
Inditex, H&M agree to pay more for clothes from Cambodia
Fashion brands, including Europe’s biggest clothing retailer Inditex Sa (ITX) and Hennes & Mauritz aB (HMB), said they are willing to pay more for clothes made in Cambodia, backing a trade union campaign for higher wages. The chains are among eight clothing retailers that include Next Plc (NXT) and Primark that have <a href='https://opendevelopmentcambodia.net/news/inditex-hm-agree-to-pay-more-for-clothes-from-cambodia/ ' class='cambodia-color'>...a>
Gabi Thesing
http://www.bloomberg.com/news/2014-09-19/inditex-h-m-agree-to-pay-more-for-clothes-from-cambodia.html
Ukrainian politician off wanted list
A UkrAiniAn member of pArliAment sought by CAmbodiAn Authorities over AllegAtions of child-rApe wAs removed from Interpol’s most-wAnted list on TuesdAy night becAuse, According to CAmbodiA’s Interpol office, “the cAse involves politics in UkrAine And RussiA.” <A href='https://opendevelopmentcAmbodiA.net/news/ukrAiniAn-politiciAn-off-wAnted-list-2/ ' clAss='cAmbodiA-color'>...A>
Matt Blomberg and Aun Pheap
https://www.cambodiadaily.com/news/ukrainian-politician-struck-from-wanted-list-80730/
ASEAN affected by slowdown
The IMF World Economic Outlook (WEO) forecasts that uncertainty surrounding growth in advanced economies will slightly affect the growth of some aSEaN nations, particularly low-income countries such as Cambodia. a senior IMF official told reporters on the sidelines of the fund’s annual meeting yesterday that some aSEaN economies relying heavily <a href='https://opendevelopmentcambodia.net/news/asean-affected-by-slowdown/ ' class='cambodia-color'>...a>