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World Bank: Real-estate boom could backfire on economy

The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50712701/world-bank-real-estate-boom-could-backfire-on-economy/

NA to vote on new ministers

The National Assembly (NA) on Monday will put a vote of confidence in appointing and reshuffling five ministers and appointing five senior ministers, said NA spokesman Leng Peng Long in a press release issued by the General Secretariat of the National Assembly on Friday. ...

Niem Chheng
https://www.phnompenhpost.com/national/na-vote-new-ministers

Ministry: No plans to revise 6% economic growth forecast

The government is evaluating the current economic situation and monitoring the impact of the ongoing Covid-19 pandemic to determine whether to adjust its six per cent projection for economic growth this year, Ministry of Economy and Finance spokesman Meas Sok Sensan said on Wednesday. ...

Long Kimmarita
https://www.phnompenhpost.com/business/ministry-no-plans-revise-6-economic-growth-forecast

SME Bank officially launched

Small and Medium Enterprise Bank of Cambodia (SME Bank), the Kingdom’s newest bank with initial capital of $100 million to provide financing for small and medium-sized enterprises (SMEs), was officially launched on Saturday. ...

Thou Vireak
https://www.phnompenhpost.com/business/sme-bank-officially-launched

Jica loans $50M to HKL to aid rural MSMEs

Hattha Kaksekar Limited (HKL), a subsidiary of Thai-based Bank of Ayudhya Pcl (Krungsri), received a $50 million loan from Japan International Cooperation Agency (Jica) to expand its operations and support micro-, small- and medium-sized enterprises (MSMEs) in rural areas. ...

May Kunmakara
https://www.phnompenhpost.com/business/jica-loans-50m-hkl-aid-rural-msmes

‘Stop land grabs at archaeological sites’

The Ministry of Culture and Fine Arts said last year, it cracked down on 18 cases of land grabs at archaeological sites, while 6,617 archaeological sites including burial places, ancient temples, ancient pagodas and irrigation systems across the country were registered for conservation. ...

Khorn Savi
https://phnompenhpost.com/national/stop-land-grabs-archaeological-sites

IMF: Gov’t needs to address long-lasting employment

Economic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment.​​ ...

Harrison White
https://www.khmertimeskh.com/50722552/imf-govt-needs-to-address-long-lasting-employment/

Three investment projects worth $246 million approved, to create 1,500 jobs

The Council for the Development of Cambodia (CDC) has given the green light to three new investment projects with a total investment capital of $246.1 million. According to the council, the newly approved projects are expected to create some 1,547 jobs for the locals. ...

Khmer Times Staff
https://www.khmertimeskh.com/50727869/three-investment-projects-worth-246-million-approved-to-create-1500-jobs/

Cambodia scores 157th in world for open data

Cambodia ranked 157th in the world and last in Southeast Asia, according to the report, released on Tuesday by NGO Open Data Watch, dropping four points since last year to a total score of 22 out of 100.​​ ...

Hannah Hawkins
https://www.cambodiadaily.com/news/cambodia-scores-157th-world-open-data-125977/

Cambodia must seek new trade partners

Cambodia will no doubt look to partners other than the US and the European Union to bolster its economic growth as those key export markets continue to struggle, a senior International Monetary Fund official says. One way in which Cambodia would forge new and growing relationships with higher-income ...

http://www.phnompenhpost.com/index.php/2012042355701/Business/kingdom-must-seek-new-trade-partners.html

New underground roads said to ease congestion in Phnom Penh

The Phnom Penh Municipal Hall is studying the possibility of building three new underground roadways in the capital to ease traffic congestion. Meas Pheakdey said on Wednesday that municipal specialists are busy studying the potential impacts of the roads and estimating costs. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/new-underground-roads-said-ease-congestion-phnom-penh

Ministry, Cambodian journalists strengthen links to China

Information Ministry officials and state-affiliated Cambodian journalists will receive training from and pay visits to their Chinese counterparts under a new agreement signed by the two countries on Monday.  The announcement follows a forum hosted in October by a senior propaganda officer for the Communist ...

Aun Pheap
https://www.cambodiadaily.com/news/ministry-cambodian-journalists-strengthen-links-to-china-127863/

Waste management highest priority for city councils

Two years ago, seven Cambodian cities committed to a sustainable city strategic plan to address environmental issues, with waste management being one of the highest -priority issues among most of the cities, according to a Global Green Growth Institute (GGGI) 2019 annual report.​ ...

Mark Hughes
https://www.khmertimeskh.com/50732271/waste-management-highest-priority-for-city-councils/

Cambodia-China FTA to be signed by end this year

The third round of  negotiations for the free trade agreement between Cambodia and China has completely solved all the remaining issues in the agreement text and approved in principal with regard  to  market access on  goods and services, according to a statement from ministry of ...

Sok Chan
https://www.khmertimeskh.com/50732088/cambodia-china-fta-to-be-signed-by-end-this-year/

Migrants’ home remittances dwindle

As the Coronavirus pandemic hits jobs and wages in many sectors of the global economy, a slowdown in the amount of money sent  home by migrant workers looks increasingly likely, according to a report by World Economic Forum (WEF). ...

Sorn Sarath
https://www.khmertimeskh.com/50715088/migrants-home-remittances-dwindle/

Travel and factory downturn a silver lining for the Kingdom’s environment

A sharp reduction in travel and production output, because of COVID-19 along with several government measures has seen Phnom Penh record a “good” level of the pollutant PM2.5 in its atmosphere, according to independent data sourced by IQ Air.​ ...

Harrison White
https://www.khmertimeskh.com/50715987/travel-and-factory-downturn-a-silver-lining-for-the-kingdoms-environment/

US training for rangers postponed

The Ministry of Environment said a standardised training programme for Cambodian rangers in collaboration with the US Department of State, US Agency for International Development (USAID) and the US Forest Service (USFS) has been postponed amid the Covid-19 pandemic. ...

Ry Sochan
https://www.phnompenhpost.com/national/us-training-rangers-postponed

Kingdom’s neighbours may start to ease restrictions

Cambodia’s bellwether neighbours – Thailand and Vietnam – have started to propose easing extreme COVID-19 restrictions that have devastated local economies and greatly affected civil society because of ultra-low rates of new infections and no new deaths last week. ...

Harrison White
https://www.khmertimeskh.com/50717221/kingdoms-neighbours-may-start-to-ease-restrictions/

Cambodia says 77 new factories open in Q1 amid COVID-19 pandemic with six closures

Some 77 new factories, including 34 garment, footwear, and travel goods factories, had opened in Cambodia in the first quarter of 2020 despite the COVID-19 pandemic, a spokesman said, amid the closure of six factories, leaving more than 6,000 workers without a job. ...

Khmer Times Staff
https://www.khmertimeskh.com/50716659/cambodia-says-77-new-factories-open-in-q1-amid-covid-19-pandemic-with-six-closures/

PM pledges new health centre over US bombs

In a speech to some 15,000 garment workers in Phnom Penh yesterday, Prime Minister Hun Sen returned to the topic of the United States’ war legacy in Cambodia, pledging to build a health centre for people purportedly suffering the after-effects of American chemical weapons in Svay ...

Phak Seangly
http://www.phnompenhpost.com/national/pm-pledges-new-health-centre-over-us-bombs

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