Minimum wage negotiations for factory workers continue
The Ministry of Labor and Vocational Training (MLVT) and the National Council of Minimum Wage launched their second round of negotiations on Monday to review the monthly minimum wage for workers in the garment, footwear, and travel goods (GFT) sector for 2024. ...
Yatt Malai
https://kiripost.com/stories/cambodia-minimum-wage-negotiations-for-factory-workers-continue
Serbia committed to tightening cooperation with Cambodia
The Republic of Serbia is committed to continue strengthening its relations and cooperation with the Kingdom of Cambodia, affirmed Ms Ana Brnabić, Serbian Prime Minister in her recent congratulatory letter to Cambodian new Prime Minister Kitti Tesaphibal Pundit Hun Manet. ...
Khmer Times Staff
https://www.khmertimeskh.com/501352959/serbia-committed-to-tightening-cooperation-with-cambodia/
UK Exports decline 15% Jan-July as orders drop
Bilateral trade between Cambodia and the UK in the first seven months of 2023 fell 14.6 per cent year-on-year to $496.3 million from $581.4 million, with nearly 90 per cent of the value consisting of exports from Cambodia, according to the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/uk-exports-decline-15-jan-july-orders-drop
Japan policy dialogue set for November
Following a hiatus due to the Covid-19 pandemic, Cambodia and Japan are expected to hold their 14th policy consultation meeting in November, according to the Council for the Development of Cambodia (CDC). ...
Hin Pisei
https://www.phnompenhpost.com/business/japan-policy-dialogue-set-november
Vietnam actively joins cross-border payment connectivity effort
Cambodian media has reported on August 25 that the State Bank of Vietnam (SBV) has signed a Memorandum of Understanding (MoU) on cooperation in regional payment connectivity with the central banks of indonesia, Malaysia, Philippines, Singapore and Thailand. ...
Khmer Times Staff
https://www.khmertimeskh.com/501349303/vietnam-actively-joins-cross-border-payment-connectivity-effort/
Kampong Speu cement factory to ‘cut imports, lift production’
A $258 million cement factory in Kampong Speu, approved by the Council for the Development of Cambodia (CDC) on August 24, is expected to raise the nation’s cement production capacity to more than 10 million tonnes per year. ...
Hin Pisei
https://www.phnompenhpost.com/business/kampong-speu-cement-factory-cut-imports-lift-production
New gov’t embarks on Pentagonal Strategy-I
Prime Minister Hun Manet yesterday announced the official launch of the Pentagonal Strategy–Phase I and the key measures for the Royal Government of Cambodia (RGC) to be implemented in the next five years to transform Cambodia into a high-income economy by 2050. ...
Kang Sothear
https://www.khmertimeskh.com/501348839/new-govt-embarks-on-pentagonal-strategy-i/
Cambodia has a high likelihood of experiencing hotter conditions but receiving above-normal rainfall
The El Niño, La Niña, and Southern Oscillation (ENSO) Forecast indicates that the El Niño event developing remains high until early 2024, typically causing warmer conditions in the region. ...
Khmer Times Staff
https://www.khmertimeskh.com/501350875/cambodia-has-a-high-likelihood-of-experiencing-hotter-conditions-but-receiving-above-normal-rainfall/
Samal urges SR authorities to expedite land title issuance
Say Samal, Minister of Land Management, Urban Planning and Construction, has urged provincial authorities to expedite the issuance of land titles to people who have volunteered to move out of Angkor Archaeological Park Area in Siem Reap province. ...
Torn Vibol
https://www.khmertimeskh.com/501349803/samal-urges-sr-authorities-to-expedite-land-title-issuance/
Is a higher dividend payment always the better stock option?
When investing in stocks, investors can expect some of their assets to generate a dividend payment, a sum of money paid by a company to its shareholders out of its profits. Dividends are typically paid annually, but they can also be paid quarterly or monthly. ...
Post Staff
https://www.phnompenhpost.com/banking-securities-business/higher-dividend-payment-always-better-stock-option
Bangladesh, Pakistan, Cambodia, Vietnam face $65 billion apparel export hit from extreme weather
Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501360053/bangladesh-pakistan-cambodia-vietnam-face-65-billion-apparel-export-hit-from-extreme-weather/
Hun Sen suggests two key sectors for Japanese investors
Hun Sen, President of the Supreme Privy Council of His Majesty the King, has encouraged the Japanese investors to invest in Cambodia’s two key areas, including the establishment of factories for raw material processing, and advanced technology such as car assembly plants, production of electronic ...
Khmer Times Staff
https://www.khmertimeskh.com/501360042/hun-sen-suggests-two-key-sectors-for-japanese-investors/
ASEAN ties seen as key to the region
More efforts are needed to enhance cooperation between China and the Association of Southeast Asian Nations in industrial and supply chains for accelerated regional development, government officials and industry experts said during the 20th China-ASEAN Expo, or CAEXPO. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363724/asean-ties-seen-as-key-to-the-region/
Cambodia rice meets Thai and Vietnam demand as global price spikes
Global rice prices hit a 15-year high in September, rising 30 percent year-on-year (YoY), according to an investor’s note by BMI, which quoted the UN’s Food and Agriculture Organization’s (FAO) All Rice Price index report. ...
Thang Sinorn
https://kiripost.com/stories/cambodia-rice-meets-thai-and-vietnam-demand-as-global-price-spikes
Eight more schools to adopt NGS curriculum
A senior education official has announced plans to introduce the New Generation School (NGS) curriculum in eight additional public schools across Phnom Penh and various provinces thanks to a partnership with the East Asia Management University (EAMU). ...
Van Socheata
https://www.phnompenhpost.com/national/eight-more-schools-adopt-ngs-curriculum
Sokha calls for cheaper passports
New Minister of interior Sar Sokha has requested that officials in his ministry examine the possibility of lowering the prices of Cambodian passports, noting that current prices are relatively high. Speaking to officials at the Ministry of interior on September 4, Sokha said the move would ...
Orm Bunthoeurn and Kim Yutharo
https://phnompenhpost.com/national/sokha-calls-cheaper-passports
$1.5M shared to suspended workers
From April 1 to September 5 of 2023, the government allocated almost $1.5 million in cash transfers to nearly 35,000 factory workers whose contracts were suspended. Many of the suspended workers have returned to work. ...
Long Kimmarita
https://www.phnompenhpost.com/national/15m-shared-suspended-workers
Cambodia, Philippines agree on private sector growth strategy
The Cambodia Chamber of Commerce (CCC) has signed a memorandum of understanding (MoU) with the Philippine Chamber of Commerce and industry (PCCI), fostering collaboration in agriculture and the advancement of micro, small, and medium enterprises (MSMEs). ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-philippines-agree-private-sector-growth-strategy
Mekong crisis calls for global response: official
Cambodia has called for enhanced international partnerships to tackle pressing issues in the Mekong basin, such as declining water levels, reduced fish stocks and the reverse flow into the Tonle Sap Lake. ...
Ry Sochan
https://phnompenhpost.com/national/mekong-crisis-calls-global-response-official
IMF urge cooperation for recovery
International Monetary Fund (IMF) managIng director KristalIna Georgieva urged ASEAN leaders to Invest In International cooperation as well as growth-enhancIng reforms to fully recover and contInue on the pre-pandemic path to prosperity amid a global economic slowdown. ...
May Kunmakara
https://phnompenhpost.com/business/imf-urge-cooperation-recovery