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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/

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/

China ready to bolster Belt and Road cooperation, Cambodia benefits immensely

Premier Li Qiang stressed China’s readiness to bolster Belt and Road cooperation and uphold the centrality of the Association of Southeast Asian Nations in regional affairs during separate meetings with leaders of Laos, Vietnam, indonesia and Malaysia over the weekend. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362710/china-ready-to-bolster-belt-and-road-cooperation-cambodia-benefits-immensely/

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/

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

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