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Only $54M of SME Bank’s $150M tourism loans taken

Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...

Hin Pisei
https://phnompenhpost.com/business/only-54m-sme-banks-150m-tourism-loans-taken

PM Hun Sen calls for cooperation in digitalisation efforts

Prime Minister Hun Sen yesterday urged Asean Member States to step up cooperation in the digitalisation efforts and make the wider adoption of the new technology a priority to recover fast the region’s socio-economic development from the clutches of the Covid-19 pandemic. ...

Manoj Mathew
https://www.khmertimeskh.com/501168105/pm-hun-sen-calls-for-cooperation-in-digitalisation-efforts/

Gov’t expects to complete land title exercise this year

The government has issued more than six million land titles over the last five years with the final batch expected to be completed this year. Theng Chan Sangvar, Secretary of State of Ministry of Land Management, Urban Planning and Construction, said yesterday that 6,584,778 land ...

Yim Sreylin
https://www.khmertimeskh.com/501138221/govt-expects-to-complete-land-title-exercise-this-year/

Cambodia’s poverty rate halved in 2019

Rising non-farm earnings, such as tourism, garment and construction sectors, helped to cut Cambodia’s national poverty to 17.8 percent from 33.8 percent between 2009 and 2019, the World Bank’s latest poverty assessment report for Cambodia stated. ...

Kiripost staff writers
https://kiripost.com/stories/cambodias-poverty-rate-halved-in-2019

Vietnam, Cambodia boost cooperation in culture, art

Vietnamese Deputy Minister of Culture, Sports and Tourism Hoang Dao Cuong and  secretary of state and spokesman of Cambodia’s Ministry of Culture and Fine Arts Long Ponnasirivath signed a cultural and artistic cooperation programme for the 2023 – 2027 period at a meeting in Ho ...

Khmer Times Staff
https://www.khmertimeskh.com/501159301/vietnam-cambodia-boost-cooperation-in-culture-art/

NEC trains staff as election nears

The National Election Committee (NEC) held an April 10 training session on the registration of political parties and candidates for the 7th parliamentary election, with 129 representatives of state institutions, political parties and NGOs in attendance. ...

Kim Yutharo
https://www.phnompenhpost.com/national/nec-trains-staff-election-nears

PM plans China visit to drum up investment

Prime Minister Hun Sen is scheduled to pay a state visit to China for talks on new infrastructure projects in Cambodia, including the Phnom Penh-Bavet Expressway. The visit will coincide with the 65th anniversary of the two nations’ bilateral relations. ...

Samban Chandara
https://www.phnompenhpost.com/national-politics/pm-plans-china-visit-drum-investment

P Vihear encroachment crackdown imminent

The National Authority for Preah Vihear (NAPV) announced that the national authorities will work with their provincial counterparts to take action against state land encroachment – of part of protected area two – in the third week of this month. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/p-vihear-encroachment-crackdown-imminent

Regional meet gauges ozone-depleting-substance phaseout progress

Ministry of Environment secretary of state Pak Sokharavuth from March 13-17 attended meetings of senior officials in charge of implementing the Montreal Protocol in Southeast Asia, including a “green customs” workshop on reporting and managing trade in ozone-depleting substances (ODS), in Vietnam’s Halong city. ...

Ry Sochan
https://www.phnompenhpost.com/national/regional-meet-gauges-ozone-depleting-substance-phaseout-progress

Faming collectives ink SRP with mill

Ministry of Agriculture, Forestry and Fisheries secretary of state Yong Saing Koma said that contract rice farming, officially known as ‘Sustainable Rice Platform (SRP)’, between rice mills and farmers’ collectives is crucial to ensuring the stability of rice price, its quality and quantity, and the ...

Van Socheata
https://www.phnompenhpost.com/business/faming-collectives-ink-srp-mill

New ‘Taxation Law’ a shot in the arm for taxpayers

The new Taxation Law encompassing the earlier provisions of the taxation law (1997), annual budget laws of the Kingdom of Cambodia time and decrees and codes of the People’s Republic of Kampuchea (PRK) and the State of Cambodia (SOC) is seen as  simple, flexible and ...

Kang Sothear
https://www.khmertimeskh.com/501302182/new-taxation-law-a-shot-in-the-arm-for-taxpayers/

Angkor Park revenue surges by ‘300%’ in 2023

Over 600,000 international tourists purchased tickets to the Angkor Archaeological Park in the first 10 months of 2023, boosting revenue for Angkor Enterprise – a state body tasked with overseeing ticket sales – to nearly $28 million. This represents a staggering increase of over 300% ...

Hin Pisei
https://www.phnompenhpost.com/business/angkor-park-revenue-surges-300-2023

Mexico’s trade balance in Kingdom is likely to reach $400M this year

Mexico has trade deposits in all ASEAN countries and its trade balance with Cambodia, in particular, is likely to touch $400 million by the end of 2024. This was made possible through the huge trade surplus between Mexico and the United States, reaching over $150 ...

Nhean Chamrong
https://www.khmertimeskh.com/501453541/mexicos-trade-balance-in-kingdom-is-likely-to-reach-400m-this-year/

Cambodia, Brazil discuss ongoing cooperation

Chum Sounry, Secretary of State of the Ministry of Foreign Affairs and International Cooperation, and Eduardo Paes Saboia, Secretary of Asia and the Pacific of the Ministry of Foreign Affairs of Brazil, discussed the ongoing cooperation between Cambodia and Brazil during a meeting held in ...

Khmer Times Staff
https://www.khmertimeskh.com/501501298/cambodia-brazil-discuss-ongoing-cooperation/

Cambodian students win out on ASEAN stock markets

Despite the Cambodian Stock Exchange (CSX) getting off to a sluggish start over the past three years, local university students are seemingly already on the way to becoming good stock-pickers. The winners, two students from Zaman University who went by the team name of Dark ...

Eddie Morton
http://phnompenhpost.com/business/cambodian-students-win-out-asean-stock-markets

Mondolkiri, Kompong Thom Face Climate Threat

Mondolkiri and Kompong Thom provinces could suffer some of the most extreme effects of climate change in the Lower Mekong Basin region, such as a high incidence of flash floods and droughts by 2050, according to a new study. Analyzing temperature and rainfall from 84 provinces ...

http://www.cambodiadaily.com/news/mondolkiri-kompong-thom-face-climate-threat-17224/

Social land concessions floated for residents hit by work on Sihanoukville canals

The Preah Sihanouk provincial administration has recommended those whose houses were torn down for encroaching on canals to seek social land concessions from the authorities. Provincial deputy governor Cheav Vichheak told The Post on Tuesday that Sihanoukville has five main canals with a cumulative length ...

Voun Dara
https://www.phnompenhpost.com/national/social-land-concessions-floated-residents-hit-work-sihanoukville-canals

Congressional Hearing in US Pushes Cut to Cambodian Aid

At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcom­mittee ...

http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/

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