Travel expo to draw big dollars and big buyers
The government has squirrelled away about $500,000 for the upcoming Pacific Asian Tourism Association Travel Mart (PTM), which is to run September 17-19. Tourism Minister Thong Khon told the Post yesterday that the government had approved the $500,000 budget for the event, which it is hoped ...
Chan Muyhong
http://www.phnompenhpost.com/business/travel-expo-draw-big-dollars-and-big-buyers
Economic co-op deal inked with Philippines
Cambodia and the Philippines have reaffirmed their commitment to boost bilateral trade and increase the volume of investment, to further enhance economic relations between the two ASEAN countries. ...
May Kunmakara
https://www.phnompenhpost.com/business/economic-co-op-deal-inked-philippines
Ministry fails to settle fears over Koh Kong dam
A meeting at the Ministry of Mines and Energy on Friday about plans for a controversial hydropower dam in Koh Kong province failed to assuage fears among those trying to stop the project that construction had already been approved. During Friday’s meeting, officials from the ministry ...
Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/news/ministry-fails-to-settle-fears-over-koh-kong-dam-58021/
First weather forecast: temperature to rise to 39 degree Celsius in dry season
Ministry of Water Resources and Meteorology has forecast that the maximum temperature would rise to 39 degrees Celsius during the 2023 dry season. ...
Khmer Times Staff
https://www.khmertimeskh.com/501208800/first-weather-forecast-temperature-to-rise-to-39-degree-celsius-in-dry-season/
Cambodia Decides to Keep Reserve Rate at 12 Per Cent
The National Bank of Cambodia (NBC) decided not to raise the reserve requirement rate for commercial banks from the current 12 per cent to 16 per cent although the country’s inflation has gradually increased, Nguon Sokha, NBC’s director general, said yesterday. “After the meeting of ...
Kingdom sees boost in foreign reserves
Cambodia’s total foreign reserves jumped to US$3 billion in the first half of 2011, up from $2.7 billion at the end of last year, according to the National Bank of Cambodia. The reserves help to bolster the Kingdom’s financial standing, which in turn draws investor interest ...
Cambodian Military Cracks Down on Striking Garment Workers
Cambodia’s capital on Thursday, arresting five monks and 10 others in a display of force that has been described by a rights group as unprecedented. The soldiers from Special Command Unit 911 were deployed to crush the demonstration over minimum wages near the Yak Jin ...
Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/strike-01022014190125.html
Business employers say corruption greatest threat to economy
Corruption remains the most significant challenge facing Cambodia’s economy, according to a survey of more than 300 employers conducted last year by the International Labor Organization (ILO), the results of which were released Tuesday. Despite legislation meant to stamp out graft, corruption continues to be perceived ...
Colin Meyn
http://www.cambodiadaily.com/news/business-employers-say-corruption-greatest-threat-to-economy-53963/
Bavet Governor Summoned Over Shooting
The Svay Rieng Provincial Court yesterday summoned Bavet city governor Chhuk Bundith for questioning over his alleged role in the shooting of three female garment workers at a special economic zone (SEZ) in the province two weeks ago, court officials said. Human rights groups continued ...
Suy Sem Set for Reinstatement as Minister of Mines and Energy
The National Assembly will vote this month to decide whether the ruling CPP’s recently removed Minister of Industry, Mines and Energy, Suy Sem, will be appointed as the new Minister of Mines and Energy, CPP lawmaker Chheang Vun said Friday. Mr. Sem’s return to his old, ...
Kuch Naren
http://www.cambodiadaily.com/news/suy-sem-set-for-reinstatement-as-minister-of-mines-and-energy-48820/
Slow is good: The real estate market’s slower current growth is better in the long run, experts say
While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. although growth ...
ASEAN economic ministers ‘optimistic’
Geopolitical tensions could disrupt international trade and supply chain links, blocking efficiency gains derived from globalisation, ASEAN economic ministers (AEM) said at their 55th regional meeting. ...
Ry Sochan
https://www.phnompenhpost.com/national/asean-economic-ministers-optimistic
Cambodia’s economy driven by garment exports, tourism is to grow by 5.6% in 2024
Cambodia’s economy is projected to grow by 5.6 % this year, up from 5% compared to last year, boosted by a rise in garment exports and ongoing tourism recovery, said an ASEAN+3 Macroeconomic Research Office (AMRO) press release on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501554331/cambodias-economy-driven-by-garment-exports-tourism-is-to-grow-by-5-6-in-2024/
PM Hun Sen discusses post-pandemic economic recovery at ASEAN Global Dialogue
The second Asean Global Dialogue kicked off here in the capital of Cambodia on Sunday, focusing on sustainable post-Covid-19 pandemic economic recovery. ...
Khmer Times Staff
https://www.khmertimeskh.com/501184310/pm-hun-sen-discusses-post-pandemic-economic-recovery-at-asean-global-dialogue/
Massive satellite city’s major boulevard nearing completion
A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion. It will also provide access to ING City – previously known as AZ City – which is being constructed on land ...
Maids ‘abused’ in Singapore
At least three Cambodians who have travelled to work as maids in Singapore since August last year as part of a pilot scheme have complained to worker welfare groups there about employer abuse and poor working conditions, including molestation and the slapping of a worker. In ...
Kevin Ponniah
http://www.phnompenhpost.com/national/maids-%E2%80%98abused%E2%80%99-singapore
Meeting on bitter sugar issues
An ad hoc committee comprised of representatives from the European Union, the Ministry of Commerce, provincial administrations and the sugar industry met again yesterday at the ministry’s headquarters to continue its discussion of issues faced by those displaced by sugar plantations. The committee touched upon topics ...
Stuart White
http://www.phnompenhpost.com/national/meeting-bitter-sugar-issues
Tourism campaign to counter unrest
The Ministry of Tourism will hold an emergency meeting with industry leaders and representatives in Phnom Penh today to look at what can be done to curb the loss of cross-border visitors resulting from unrest in neighbouring countries. Minister Thong Khon yesterday emphasised the need for ...
Chan Muyhong
http://www.phnompenhpost.com/business/tourism-campaign-counter-unrest
Minister calls for old car ban
Imports of older cars and vans should be banned to help reduce pollution, Minister of Industry and Handicrafts Cham Prasidh said on Monday. Speaking to Cambodia’s business community at a Green Industry workshop in Phnom Penh on Monday, Prasidh said all countries had a role to ...
Chan Muyhong
http://www.phnompenhpost.com/business/minister-calls-old-car-ban
PM says nation’s growth to be driven by Sihanoukville
Prime Minister Hun Sen said more than $320 million was spent on the construction of infrastructure in Preah Sihanouk province to improve Cambodia’s image and drive economic growth. ...
Lay Samean
https://www.phnompenhpost.com/national/pm-says-nations-growth-be-driven-sihanoukville