Investment down by $1B
Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/investment-down-1b
Garment makers pool their resources
The Garment Manufacturers’ Association of Cambodia (GMAC) yesterday officially launched the GMAC Human Resources Club to build a knowledge bank, share information, experience and expertise to improve the industry. ...
May Kunmakara
http://www.khmertimeskh.com/news/39784/garment-makers-pool-their-resources/
Corn farmers block road over low prices
Hundreds of corn farmers blocked a main road in Battambang province on Thursday, hoping the barricade would persuade Prime Minister Hun Sen to put pressure on traders to raise the dwindling crop prices that are hurting their livelihoods. ...
Leng Len
https://www.cambodiadaily.com/news/corn-farmers-block-road-over-low-prices-132502/
Rubber exports bounce higher
Cambodian rubber exports surged 37 percent during the first half of the year, compared to the same period in 2016, as the Kingdom’s rising harvest capacity coincided with firmer global demand for rubber products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-bounce-higher
Cambodia, Bangladesh to strengthen trade
Cambodia and Bangladesh are seeking to strengthen cooperation on trade and enhance and expand trade and business partnerships via a deal which will be signed in October. ...
Chea Vannak
http://www.khmertimeskh.com/5083529/cambodia-bangladesh-strengthen-trade/
SECC lays down new dispute regulations
The Securities and Exchange Commission of Cambodia (SECC) has issued new regulations and procedures for solving disputes involving parties operating in the securities sector. ...
Post Staff
http://www.phnompenhpost.com/business/secc-lays-down-new-dispute-regulations
CDC to post project decisions on Facebook
The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, has taken to Facebook to officially announce its decisions on investment projects, a move that a government official claimed yesterday will provide more transparent access for investors and ...
Hor Kimsay and Kali Kotoski
http://www.phnompenhpost.com/business/cdc-post-project-decisions-facebook
Garment buyers asked to bring in tech
The government is calling on international buyers to increase investment in the garment and footwear sector and to introduce new technologies to help modernise the industry, according to a senior official from the Ministry of Commerce (MoC). ...
Sok Chan
http://www.khmertimeskh.com/5090886/garment-buyers-asked-bring-tech/
City governor tackles illegal medication sales
The Phnom Penh governor said he would crack down on pharmacies who do not follow the laws of the Health Ministry. Governor Khuong Sreng vowed to ban practices such as the selling of medication without a license and the dissemination of illegal medications, and to search ...
Mom Sophon
http://www.khmertimeskh.com/5098125/city-governor-tackles-illegal-medication-sales/
Trade with China on the upswing
Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...
May Kunmakara
http://www.khmertimeskh.com/50100171/trade-china-upswing/
Chinese, local firms sign agricultural deals worth $526M
More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...
Post Staff
http://www.phnompenhpost.com/business/chinese-local-firms-sign-agricultural-deals-worth-526m
Japanese companies to repair National Road 5
Two Japanese companies will repair a 135-kilometre stretch of National Road 5 from Phnom Penh to Pursat province in order to maintain the Asian Highway. The Ministry of Public Works and Transport and the construction companies held a signing ceremony for the road improvement project ...
Sen David
http://www.khmertimeskh.com/50101352/japanese-companies-repair-national-road-5/
Ministers meet again to send workers to Malaysia
The Labour Minister led a delegation to visit Malaysia last week to discuss sending migrant labourers and maids there with the country’s Minister of Human Resources. The Ministry of Labour issued a statement on Friday saying that Labour Minister Ith Samheng met with Human Resources Minister ...
Mom Kunthear
http://www.khmertimeskh.com/50108042/ministers-meet-send-workers-malaysia/
Foreigners working in Cambodia face permit fines
About 100,000 foreigners working without permits will be fined after Khmer New Year and potentially face jail time and deportation if they fail to get paperwork or pay their fines, the Ministry of Interior and Ministry of Labour announced yesterday. ...
Mech Dara
http://www.phnompenhpost.com/national/foreigners-working-cambodia-face-permit-fines
Energy officials get training on oil inspections
The Ministry of Mines and Energy yesterday provided its first-ever training to 216 provincial and ministry officials to increase their knowledge on the inspection of the Kingdom’s oil industry. ...
Sun Mesa
https://www.khmertimeskh.com/50666476/energy-officials-get-training-on-oil-inspections/
Bo Xilai associate arrested in Phnom Penh
Cambodian authorities yesterday arrested French architect Patrick Devillers – friend and business associate of disgraced Chinese politician Bo Xilai – and may be moving to extradite him to China to face unspecified charges there, police said. Phnom Penh Police Commissioner Touch Naroth confirmed the arrest to ...
Construction Permits Down, but Revenues Up
The number of construction permits issued by the Ministry of Land Management in the first quarter of this year came close to par for the same period last year, declining just 10 issuances to 489, according to ministry data released yesterday. Despite the slight drop, capital generated from those ...
Two more H5N1 cases confirmed
A 5-year-old girl from Takeo province and a 2-year-old girl from Kampot province – who has already died – mark the 19th and 20th confirmed cases of avian influenza this year, a hospital spokesman said. The Ministry of Health is expected to issue a statement ...
Amelia Woodside
http://www.phnompenhpost.com/national/two-more-h5n1-cases-confirmed
Cambodia’s tax revenue still on rise
In the first nine months of the year, Cambodia’s tax revenue increased more than 17.3 per cent from the corresponding period in 2012, data from the General Department of Taxation show. Total tax revenue rose to $678.1 million from $578 million. ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-tax-revenue-still-rise
Cambodia collects tax of 881 million USD in 2013
The kingdom’s General Department of Taxation had collected 881 million U.S. dollars of taxes in 2013, up 19 percent from 740 million U.S. dollars in a year earlier, a press release said Thursday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/09/c_133031865.htm