Increasing domestic agriculture key to preventing food inflation
Despite food prices in Cambodia slightly decreasing in September compared to the previous month, some food products will remain expensive in the long-run, which impacts Cambodian food supplies and livelihoods. To save Cambodia from food inflation, the Kingdom needs to boost more local agricultural productions, ...
Meas Molika
https://kiripost.com/stories/cambodia-food-inflation
Yellow-cheeked crested gibbons see tourist upswing
Endangered species conservation scientists from the NGO Conservation International (CI) have announced the resumption of their mission in the Veun Sai-Siem Pang National Park in Ratanakkiri and Stung Treng provinces after having made a series of discoveries since 2007 of nearly 400 groups of yellow-cheeked ...
Long Kimmarita
https://www.phnompenhpost.com/national/yellow-cheeked-crested-gibbons-see-tourist-upswing
Nearly 2 million vehicles travel on Chinese-invested expressway in Cambodia in 5 months
Almost 1.9 million vehicles had travelled on the Phnom Penh-Sihanoukville Expressway in the first five months since its opening to the public last October, the Ministry of Public Works and Transport said in a news release on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501247347/nearly-2-million-vehicles-travel-on-chinese-invested-expressway-in-cambodia-in-5-months/
Spending on capital’s new airport nears $700M: SSCA
Nearly $700 million has been spent on the new $1.5 billion Techo International Airport (TIA), the main construction work on which has reached 46 per cent as of March 31, motivated by positive tourism growth, according to a senior civil aviation official. ...
Rann Reuy
https://www.phnompenhpost.com/business/spending-capitals-new-airport-nears-700m-ssca
NBC: Int’l reserves $17.8B at end-2022
The Kingdom’s international reserves ended 2022 at $17.8 billion, equivalent to seven months of import cover, compared to $20.3 billion and 8.1 months at end-2021, which pundits affirm is still high for a developing country given the recent global financial crisis, signalling positive levels of ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-intl-reserves-178b-end-2022
Cambodia’s garments and agricultural products continue to drive export growth
Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...
Khmer Times Staff
https://www.khmertimeskh.com/501406845/cambodias-garments-and-agricultural-products-continue-to-drive-export-growth/
Working capital loans form 54% of small business needs
Cambodians running small businesses are continuing to find the need for working capital as their most pressing need, as per data. As high as 54 percent of 1.89 million loans issued were for working capital, as per the first quarter report of the Small Business ...
Rachel David
https://www.khmertimeskh.com/501482273/working-capital-loans-form-54-of-small-business-needs/
Sophalleth unveils bold steps to improve air and water quality
In a bid to mitigate the adverse effects of air and water pollution across the Kingdom, Minister of Environment Eang Sophalleth has laid out an ambitious five-year strategy. This comprehensive plan aims to significantly improve air and water quality through a diverse and multifaceted approach. ...
Ben Sokhean
https://www.khmertimeskh.com/501534045/sophalleth-unveils-bold-steps-to-improve-air-and-water-quality/
Cambodia, Hong Kong agree to foster mutual economic growth
The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster ...
Nhean Chamrong
https://www.khmertimeskh.com/501533198/cambodia-hong-kong-agree-to-foster-mutual-economic-growth/
CDC reports 161 percent investment surge
The Council for the Development of Cambodia (CDC) Saturday announced that under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia (RGC) of the Seventh Legislature has attracted $7.5 billion of investment capital over one year period, marking a 161 percent rise ...
Nhean Chamrong
https://www.khmertimeskh.com/501560387/cdc-reports-161-percent-investment-surge/
BHP Billiton Faces Bribery Charges After Abandoned Project
The U.S. Department of Justice (DOJ) and the country’s financial regulator have informed Australia-based mining giant BHP Billiton it could still be charged over allegations the company bribed overseas officials, which include claims of improper payments to members of the Cambodian government. Prime Minister Hun Sen ...
Economy Should Do Well, Despite China Slowdown: Experts
Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...
Khoun Theara
http://www.voacambodia.com/content/economy-should-do-well-despite-china-slowdown-experts-cambodia-khmer/1748785.html
Democratic Reform Needed to Ensure Growth, Prosperity
With the long-ruling CPP sworn in to govern for another five years despite the opposition CNRP abstaining from sitting in the National Assembly due to election irregularities, a new report argues that imminent threats to Cambodia’s future development can only be overcome with significant government ...
Simon Henderson
http://www.cambodiadaily.com/news/democratic-reform-needed-to-ensure-growth-prosperity-43690/
Not going without a fight
Teng Khorn’s living room is under a tree, his bedroom in a boat hauled up on a slipway for caulking beside the mangroves that lead to his source of income: the sea. His choice of abode is also his act of defiance against the monolithic Chinese ...
May Titthara and David Boyle
http://www.phnompenhpost.com/national/not-going-without-fight
Hun Sen Says More Die on Roads Than in War
Road traffic accidents are killing more Cambodians per year than those who died annually as a result of war during their country’s more than two decades of armed conflict, Prime Minister Hun Sen said Monday. Speaking in Battambang province’s Bavel district at the inauguration of the ...
Khy Sovuthy and Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-says-more-die-on-roads-than-in-war-53853/
Like father like son, Hun Manet appears to model Hun Sen’s political rhetoric
Since being endorsed by the Cambodian People’s Party in December as the ruling party’s only prime minister candidate, Hun Manet is increasingly appearing in public, taking his father’s place at events ranging from the inauguration of military buildings to road openings. ...
Sorn Sarath
https://cambojanews.com/like-father-like-son-hun-manet-appears-to-model-hun-sens-political-rhetoric/
Giant development in Cambodia hinges on Chinese buyers
There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...
Chris Horton
http://www.property-report.com/cambodias-mega-development-lures-chinese-investors-34672
Pig production priority
Thailand’s reported move to ban exports of live pigs highlights the need to develop a larger Cambodian pig industry, insiders say. The Bangkok Post reported yesterday that Thailand’s Acting Commerce Minister Porntiva Nakasai had banned the exports in order to bring down its own prices, ...
http://www.phnompenhpost.com/index.php/2011070150113/Business/pig-production-priority.html
Villagers Block Road to Stop Threat of Evictions
A simmering land dispute in Kratie province’s Snuol Wildlife Sanctuary flared up Friday as hundreds of desperate villagers blocked National Road 76A for four hours in an effort to prevent the clearing of their homes and farms by a rubber company, villagers and human rights ...
Ongpin’s Atok buys Hong Kong company
Atok-Big Wedge Co. Inc., a listed company owned by the group of former Trade minister Roberto Ongpin, acquired Tidemark Holdings Ltd., a Hong Kong company that owns 25.9 percent of Forum Energy Plc, an oil and gas firm controlled by Philex Mining Corp. Atok-Big Wedge said ...