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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/

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

Digital literacy programme underway

The Ministry of Education, Youth and Sport and partner organisations launched a digital skill capacity building project in the education sector to provide a digital education which will contribute to the Kingdom’s human resource development. ...

Sok Raksa
https://www.phnompenhpost.com/national/digital-literacy-programme-underway

Australia partners agri-food strategy

Cambodia and Australia inaugurated a new Food innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...

Sok Raksa
https://www.phnompenhpost.com/business/australia-partners-agri-food-strategy

ADB lends $140M for labour development

Cambodia has received $140 million in loans from the Asian Development Bank (ADB) to boost labour development to transform the country into a technology-driven, knowledge-based industrial economy while enhancing public service delivery by local administrations through public finance and decentralisation reforms. ...

May Kunmakara
https://www.phnompenhpost.com/business/adb-lends-140m-labour-development/

Local fuel prices fall 10% amid global downticks

International fuel rates have started to fall back as India and Iran look to step up Russian crude imports, In a downward trend likely to be fuelled by cooperation between the trio of countries on reducIng the pressure of the oil price crisis, economists have ...

Hom Phanet
https://www.phnompenhpost.com/business/local-fuel-prices-fall-10-amid-global-downticks

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