Banks projected to grow at 10 percent in 2024
Cambodian banks might see growth of around 10 percent in 2024, said bankers. Industry insiders say that the banking growth of the past of 20 percent is no longer possible. ...
Rachel David
https://www.khmertimeskh.com/501503722/banks-projected-to-grow-at-10-percent-in-2024/
Kingdom’s digital sector witnesses ‘promising partnership’
One of Cambodia’s leading data centre services providers inked a key partnership deal with a Singapore company to empower the Kingdom’s digital economy. Daun Penh Data Center (DPDC) and A2000 signed an MoU in the presence of Choup Somart, Secretary of State, Ministry of Rural ...
Khmer Times Staff
https://www.khmertimeskh.com/501539687/kingdoms-digital-sector-witnesses-promising-partnership/
Cambodia collects $3B in tax revenue in H1
The government generated $2,909 million in revenue from tax and customs in the first half of 2024, representing 46 percent of the target set for 2024, a report from the Ministry of Economy and Finance showed on Monday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501540290/cambodia-collects-3b-in-tax-revenue-in-h1/
Forum planned to address prison overcrowding
The Ministry of Interior’s General Department of Prisons (GDP) is planning to hold a forum with relevant ministries, embassies, and human rights NGOs to find a comprehensive solution to ongoing overcrowding issues in prisons, as the number of inmates continues to rise. ...
Phak Seangly
https://www.phnompenhpost.com/national/forum-planned-to-address-prison-overcrowding
Oddar Meanchey students discover Khmer Rouge-era history
The Documentation Center of Cambodia (DC-Cam)’s Anlong Veng Peace Center hosted a classroom forum on the “History of Democratic Kampuchea (1975-1979)” for 25 students of Sre Noi High School on September 10. ...
Hong Raksmey
https://www.phnompenhpost.com/national/oddar-meanchey-students-discover-khmer-rouge-era-history
Cambodia nets $1.2 billion investments in August
The Council for Development of Cambodia (CDC) approved 53 new projects worth $1.2 billion in August, generating approximately 33,000 jobs for the local people, said a report yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501555835/cambodia-nets-1-2-billion-investments-in-august
Out-of-court settlements have greatly reduced land disputes
The government has claimed that the number of land disputes has greatly reduced since officials increased efforts to resolve disputes outside of the court to provide quick and effective solutions. ...
Sen David
https://www.khmertimeskh.com/501564506/out-of-court-settlements-have-greatly-reduced-land-disputes/
Iron and steel imports up nearly 60 percent
According to the data released by the General Department of Customs and Excise (GDCE) earlier this month, iron and steel imports into the Kingdom increased by 59.2 percent during the first eight months of 2024 compared to the imports of these two core construction materials ...
James Whitehead
https://www.khmertimeskh.com/501564466/iron-and-steel-imports-up-nearly-60-percent/
Cambodia attracted $396 mil fixed-asset investment in July
Cambodia attracted $396 million in fixed-asset investment in July this year, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501570504/cambodia-attracted-396-mil-fixed-asset-investment-in-july/
Banks pledge loan restructuring without affecting credit records
Representatives from banks and microfinance institutions have expressed their commitment to restructuring loans for customers facing financial difficulties, as the number and volume of such requests continue to rise. ...
Niem Chheng
https://www.phnompenhpost.com/business/banks-pledge-loan-restructuring-without-affecting-credit-records
One-Party Parliament Effortlessly Passes $3.56 Billion Budget
Sixty-six National Assembly members of the ruling CPP on Tuesday unanimously approved Cambodia’s $3.56 billion draft budget for 2014 without debate and without even the hint of an opposition, whose 55 lawmakers-elect are boycotting parliament in protest over July’s still-disputed national election result. The ruling party ...
Hul Reaksmey
http://www.cambodiadaily.com/news/one-party-parliament-effortlessly-passes-3-56-billion-budget-46913/
Opposition to form ‘shadow cabinet’ in parliament
A “shadow cabinet” will be created inside the National Assembly once the CNRP’s lawmakers-elect swear into office, senior opposition party officials said Thursday, in a move that nine years ago saw an opposition lawmaker imprisoned on charges of inciting a rebellion. Prime Minister Hun Sen and ...
Alex Willemyns and Kuch Naren
http://www.cambodiadaily.com/news/opposition-to-form-shadow-cabinet-in-parliament-64917/
Resurgent mobile deals could hurt margins, analysts say
‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/resurgent-mobile-deals-could-hurt-margins-analysts-say
Kith Meng re-elected
PROMINENT businessman Kith Meng was re-elected unopposed yesterday as president of the Cambodian Chamber of Commerce. Kith Meng, the only contender who declared his candidacy for the three-year mandate, received support from all 11 candidates eligible to stand. Kith Meng, who is also chairman and chief ...
http://www.phnompenhpost.com/index.php/2011080950932/Business/kith-meng-re-elected.html
Telecommunications Regulatory Body Launched
With a proposed telecommunications law yet to be approved, the Ministry of Post and Telecommunications yesterday launched the Telcom Regulator of Cambodia (TRC) to handle disputes between mobile phone companies and Internet providers, although officials admitted that the body will have limited powers. .. But unless ...
Construction Set to Resume at CamKo City
Construction on Phnom Penh’s CamKo City project will resume after a year’s suspension following a fraud scandal that left its original financial backer bankrupt, an official at the Ministry of Land Management said Wednesday. CamKo City, located in Phnom Penh’s Russei Keo district, was halted ...
Hul Reaksmey
http://www.cambodiadaily.com/business/construction-set-to-resume-at-camko-city-45747/
Cambodia has 960 garment, footwear factories: labor minister
Garment and footwear industry, Cambodia’s largest foreign exchange earner, currently consists of 960 factories, employing some 620,000 workers, labor minister Ith Samheng said Thursday. The sector made a revenue of 5.5 billion U.S. dollars last year, accounting for around 80 percent of the country’s total exports, ...
Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-04/24/c_133287164.htm
U.S. holds intellectual property rights workshop for Cambodian, Lao officials
The United States government on Tuesday organized an intellectual property rights (IPR) enforcement workshop for some 50 Cambodian and Lao law enforcement officials. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-03/25/c_133212172.htm
Ministry of Labor knights Australian industrial commissioner
The Arbitration Council says the Ministry of Labor has knighted an Australian industrial commissioner for his long period of work as an honorary advisor to the council. In a statement posted on its website Friday, the council said Labour and Vocational Training Minister Ith Samheng awarded ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=OTZiMjJhNTM1NzQ
First sentence given for facebook comments
The Phnom Penh Municipal Court on Thursday fined a 29-year-old hairstylist and make-up artist 2 million riel, or about $500, and ordered her to pay 5 million riel, or about $1,250, in compensation to a rival beauty parlor owner she defamed on Facebook. The sentence is ...
Eang Mengleng And Denise Hruby
http://www.cambodiadaily.com/news/first-sentence-given-for-facebook-comments-51649/