Economy to contract for the first time since conflict ended
The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression,
Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/
CSX index up 7.25 per cent, $1.25 million in shares traded
Following a bruising first quarter, the Cambodia Securities Exchange (CSX) index has picked up over the last few days after Acleda Bank Plc’s (ABC’s) initial public offering (IPO). At Thursday’s close, the index ended 7.25 per cent higher at 793.59 points. Trading volume reached 280,791
May Kunmakara
https://www.phnompenhpost.com/business/csx-index-725-cent-125-million-shares-traded
Announcement of the inter-ministerial committee to combat COVID-19
On 20 May 2020, Ministry of Health has issued an announcement relating to the inter-ministerial committee to combat COVID-19’s measures to prevent the spread of COVID-19 pandemic. According to the announcement, the inter-ministerial committee to fight against COVID-19 has amended a number of measures to
Ministry of Health
Market Capitalisation fell by 22 percent in Q1 2020
The Capital Market saw a 22 per cent drop capitalisation in the first quarter of the year, bringing the market capitalisation to around $544million, compared with the fourth quarter of 2019. From January to March in 2020, the Phnom Penh Special Economic Zone (PPSP)’s share
Sok Chan
https://www.khmertimeskh.com/50726057/market-capitalisation-fell-by-22-percent-in-q1-2020/
Three refugees met with delegation, minister says
Three of the refugees Australia is holding at a detention center on the South Pacific island nation of Nauru agreed to meet with Cambodian officials who traveled there last week to assess the possibility of resettling some of the asylum seekers in Cambodia, Interior Minister
Khy Sovuthy
https://www.cambodiadaily.com/news/three-refugees-met-with-delegation-minister-says-76512/
Approved investment drops
Latest figures show the total value of approved investment in the Kingdom declined by more than 70 per cent in the first half of this year compared to the equivalent period a year before.
Economists and officials are unconcerned, however, saying that some big projects during
http://www.phnompenhpost.com/index.php/2012081457967/Business/big-dip-in-approved-investments.html
New committee created to protect Koh Kong Krao
Prime Minister Hun Sen has created a committee tasked with monitoring Koh Kong SEZ Co Ltd’s development of Koh Kong Krao island in Koh Kong province’s Koh Kapi commune. The Council of Ministers first announced the development project on June 14, 2019, according to Hun
Long Kimmarita
https://www.phnompenhpost.com/national/new-committee-created-protect-koh-kong-krao
US, Australia funding flows for Cambodia’s COVID-19 response
The United States, through the US Agency for International Development, yesterday committed a $1.5 million aid to the Ministry of Health to help in the Kingdom’s efforts to mitigate the spread of coronavirus. The donation is the latest COVID-19 assistance from the US, with its
Som Kanika
https://www.khmertimeskh.com/50718117/us-australia-funding-flows-for-cambodias-covid-19-response/
Law on Construction expected to prevent structural failures
Kep provincial governor Ken Satha yesterday blamed the lack of a construction law for the deadly building collapse in Kep city earlier this year, which took the lives of 36 people, including children, and injured 23 others. His statement came amid continued demands for justice
Ben Sokhean
https://www.khmertimeskh.com/50720136/law-on-construction-expected-to-prevent-structural-failures/
EBA scheme in jeopardy after CNRP ruling
In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from challenging next year’s national elections, the European Union issued a statement seemingly warning that the Kingdom’s preferential access through the Everything
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/access-eba-scheme-jeopardy-after-cnrp-ruling
Prince Ranariddh tells Rainsy not to ‘block aid’
Prince Norodom Ranariddh, leader of the royalist Funcinpec party, has called on opposition Cambodia National Rescue Party president Sam Rainsy not to “block aid” to Cambodia following a resolution passed by the European Parliament last week that suggested aid could be slashed if an arrest
Vong Sokheng and Meas Sokchea
http://www.phnompenhpost.com/national/prince-ranariddh-tells-rainsy-not-block-aid
CEO: Up to 300,000 tonnes of palm oil ‘possible’ this year
Crop-friendly weather is set to underpin growth in Cambodia’s output of crude palm oil beyond prior estimates, industry insiders have said. The oil palm, also known by its botanical name Elaeis guineensis, is a tropical plant cultivar which is said to have originated in the ancient
Hin Pisei
https://www.phnompenhpost.com/business/ceo-300000-tonnes-palm-oil-possible-year
Proposed Koh Kong dam one step closer
A proposed 150MW hydropower project on the upper reaches of the Tatai river in Koh Kong province’s northern Thma Bang district is looking more likely to happen, as the government strives to promote investment in the electricity sector and increase supply. Provincial deputy governor Sok
Thou Vireak
https://www.phnompenhpost.com/business/proposed-koh-kong-dam-one-step-closer
Banteng found dead at wildlife sanctuary in Oddar Meanchey
A male banteng was found dead in Sorng Rukhavorn Wildlife Sanctuary in Oddar Meanchey province’s Samrong town on Saturday and was likely killed by hunters, said officials. Ministry of Environment’s secretary of state and spokesman Neth Pheaktra said that this was the sixth banteng that
Soth Koemsoeun
https://www.phnompenhpost.com/national/banteng-found-dead-wildlife-sanctuary-oddar-meanchey
PM Hun Sen says ‘budget balanced’
PRIME Minister Hun Sen yesterday stated that the Kingdom has brought the budget into balance, with current savings standing at $3.5 billion. The statement was made in response to doubts about whether or not Cambodia is telling the truth when claiming to have up to
Chhut Bunthoeun
https://www.khmertimeskh.com/50736883/pm-hun-sen-says-budget-balanced/
Press release on license revocation and suspension of 17 telecoms operators
On 20 October 2020, the Ministry of Post and Telecommunications issued a press release announcing the suspension and/or revocation licenses of 17 telecoms operators. This action was taken as some telecoms operators failed to pay their revenue shares to the government and some were inactive
Ministry of Post and Telecommunications
PPSP refutes Singapore group’s power allegations
Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone Plc (PPSP) refuted Singapore-based Asiatic Group (Holdings) Ltd’s (AGH) allegations over breaching a power plant joint venture (JV) agreement.
May Kunmakara
https://www.phnompenhpost.com/business/ppsp-refutes-singapore-groups-power-allegations
China shares Mekong River data with the Kingdom
China made good this week on a promise that it would share its year-round hydrological data on the upper reaches of the Mekong River, via the launch of an online information-sharing platform that will keep the Kingdom aware of any future Mekong developments. The information
Jason Boken
https://www.khmertimeskh.com/50789398/china-shares-mekong-river-data-with-the-kingdom/
Malaysia seat belt law enforcement amongst lowest in SEA – ranks below Cambodia, Vietnam, WHO finds
A closer look at the World Health Organization’s (WHO) Global Status Report on Road Safety 2015 has revealed some rather disturbing information – Malaysia is amongst the lowest-ranked nations in South East Asia (SEA) when it comes to seat belt law enforcement and awareness on
Gregory Sze
http://paultan.org/2015/10/22/malaysia-seat-belt-law-enforcement-lowest-sea-who-finds/
Press release on organizing the working group of the Royal Government's meeting to facilitate solutions and response to requests of civil society organizations
On 25 August 2020, Ministry of Interior has post a press release on the organizing the working group of the Royal Government’s meeting to facilitate solutions and response to requests of civil society organizations. The meeting aims to seek understanding and discuss with civil society
Ministry of Interior
