Cambodia’s land concessions yield few benefits, sow social and environmental devastation
Cambodia’s government has strenuously promoted long-term leasing of unused land as Economic Land Concessions (ELCs) to attract investors and encourage development in the impoverished nation, but observers say the policy has resulted in few benefits at the cost of huge social and environmental impacts. ...
RFA staff
https://www.rfa.org/english/news/cambodia/concessions-08262020174829.html
Cambodia-U.S. trade reaches $2.8 billion in first half
Cambodia-U.S. bilateral trade was valued at $2.89 billion in the first half of this year, up 15.8 percent compared to the same period last year. Figures from the U.S. Statistics Bureau showed that Cambodia exported 2.75 billion worth of goods to the world’s largest economy, ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50752720/cambodia-u-s-trade-reaches-2-8-billion-in-first-half/
Permanent Mission hits back at ‘naming to alert’ criticism
The Permanent Mission of Cambodia in Geneva has hit back at three United Nations human rights experts, who expressed alarm over what they called the ‘naming and shaming’ of COVID victims. The Mission said that Cambodia’s response to the coronavirus aims to “ensure that precious ...
Ben Sokhean
https://www.khmertimeskh.com/50792643/permanent-mission-hits-back-at-naming-to-alert-criticism/
Automotive firms hit on imports, exports
COVID-19 has affected the Kingdom’s automotive industry severely, with trade dropping nearly 40 percent compared with the previous year. According to the latest import and export statistics for the first nine months of this year, the volume of automobiles and motorcycles exported dropped by 34.1 ...
Jason Boken
https://www.khmertimeskh.com/50795854/automotive-firms-hit-on-imports-exports/
Agro sector adopting digital tech
At least 92 per cent of the Kingdom’s agricultural input suppliers use digital payments in their businesses while 45 per cent use e-commerce, a new study found. The research, entitled “Digital Challenges and Opportunities of Agricultural Input Suppliers in Cambodia”, was compiled by the Centre ...
Thou Vireak
https://www.phnompenhpost.com/business/agro-sector-adopting-digital-tech
Japan grants more than $800,000 in humanitarian aid to Kingdom
The government of Japan has agreed to provide $852,189 in humanitarian funding to Cambodia to promote community health, sanitation and hygiene as well as to raise awareness of environmental concerns. ...
Tom Starkey
https://www.khmertimeskh.com/50823334/japan-grants-more-than-800000-in-humanitarian-aid-to-kingdom/
Fishing banned after villages’ dispute mediated
A temporary ban on fishing was ordered yesterday by Kampong Tralach district authorities to prevent violence while mediation continues to resolve a dispute between the people of three villages and Lorpeang Natural Resources Conservation community. The authorities also ordered the demolition of the community guardhouse ...
Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50804407/fishing-banned-after-villages-dispute-mediated/
Kingdom vows to reduce emissions
Cambodia is focusing mainly on reducing greenhouse gas emissions to meet the country’s goal of reducing its emissions by 21 million tonnes per year in order to combat climate change, according to Ministry of Environment spokesman Neth Pheaktra. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/kingdom-vows-reduce-emissions
Heftier fines for those who dodge quarantine
The government yesterday issued a new sub-decree to impose a heftier fine for those who evade quarantine in a bid to stem the spread of COVID-19. The new sub-decree comes after Prime Minister Hun Sen ordered authorities to raise the current fine of $250 because ...
Tith Kongnov
https://www.khmertimeskh.com/50815667/heftier-fines-for-those-who-dodge-quarantine/
Announcement on the participation in the 4th China International Import Exposition
On 28 April 2021, the Ministry of Commerce issued an announcement on the participation in the 4th China International Import Exposition which will be held from 5-10 November 2021 in Shanghai, People’s Republic of China aims to expand more markets for Cambodian products and promote ...
Ministry of Commerce
Workers to get gov’t subsidy
The government has opened its first phase of providing a subsidy to 275,747 workers from 513 factories involved in the manufacturing of garments, footwear and bags in Phnom Penh, Kandal province and Sihanoukville. ...
Sen David
https://www.khmertimeskh.com/50879368/workers-to-get-govt-subsidy/
FDI flow drops 50 percent Jan-May
Foreign direct investment (FDI) fell 50 percent Jan-May from the same period in 2020, according to the Ministry of Economy and Finance. Investment projects for the first five months of 2021 were valued at $825 million, a 59 percent drop from results for the same ...
Chea Vanyuth
https://www.khmertimeskh.com/889495/fdi-flow-drops-50-percent-jan-may/
Bilateral trade with Japan up 12% to nearly $2B in Jan-Oct
Standing as one of the largest economies in Asia, Japan is quickly becoming a prime market for Cambodian goods. Even with both economies embroiled in the Covid-19 crisis, bilateral trade managed to reach $1.96424 billion in the first 10 months of 2020, climbing by 12.2 ...
May Kunmakara
https://www.phnompenhpost.com/business/bilateral-trade-japan-12-nearly-2b-jan-oct
Paid holiday on Sunday
On 04 May 2022, the Ministry of Labor and Vocational Training issued a notice on the paid holiday on Sunday.If the worker and the employer agree to work overtime on a paid holiday on Sunday, the employer shall consider the overtime wage equal to 200% ...
Ministry of Labor and Vocational Training
NEC touts ‘successful’ election
The National Election Committee’s (NEC) “successful” holding of the 2023 general election reflected the proper implementation of the Kingdom’s Constitution, laws and relevant legal documents, said NEC vice-chairman Nuth Sokhom as he addressed an August 14 meeting held to summarise the electoral work. ...
Kim Yutharo
https://www.phnompenhpost.com/national/nec-touts-successful-election
SSEZ imports, exports pass $1.9B in Jan-Sep amid investment rise
Growth momentum in foreign inbound investment and orders have driven up the value of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) in the first three quarters of this year, reported at $1.904 billion, up 21.27 per cent from the $1.57 billion ...
Hin Pisei
https://www.phnompenhpost.com/business/ssez-imports-exports-pass-19b-jan-sep-amid-investment-rise
Orkide director gets 67 hectares on Boeng Tamok
A business associate of the prime minister’s daughter has received 67 hectares from the state on the rapidly filling Boeng Tamok lake in Phnom Penh. Boeng Tamok, one of the city’s last lakes, has been doled out to tycoons and officials’ family members in recent years, ...
Mech Dara
https://vodenglish.news/orkide-director-gets-67-hectares-on-boeng-tamok/
Joblessness in Cambodia to stay around 2% in 2023
The unemployment rate in Cambodia is expected to reach 2 percent by the end of 2022, according to Trading Economics global macro models and analysts’ expectations. In 2023, Cambodia’s unemployment rate is projected to trend around 2 percent and 0.90 percent in 2024, according to ...
Khmer Times Staff
https://www.khmertimeskh.com/501169894/joblessness-in-cambodia-to-stay-around-2-in-2023/
Indonesian Ambassador-Designate committed to strengthening ties
While waiting to present his credential to the King Norodom Sihamoni to officialise his appointment, the new ambassador-designate of Indonesia to Cambodia told Khmer Times, in an exclusive and first-ever interview since his arrival, that he is determined to transform Cambodia-Indonesian bilateral relations into one ...
Taing Rinith
https://www.khmertimeskh.com/501370950/indonesian-ambassador-designate-committed-to-strengthening-ties/
Cambodia urged to develop green finance ecosystem
Cambodia needs to cultivate a conducive ecosystem for the development of its green finance market and make it sustainable and attractive for potential investors, experts said at a forum yesterday while calling upon both the government and the private sector to take the initiatives in ...
Manoj Mathew
https://www.khmertimeskh.com/501189599/cambodia-urged-to-develop-green-finance-ecosystem/