Press release on the outcome of the dispute resolution between the concessions sugar cane exporters and citizens in Preah Vihear
On 29 December 2017, the Ministry of Land Management, Urban Planning and Construction has released a press release on the outcome of the dispute resolution between the concessions sugar cane exporters and citizens in Preah Vihear. From 04 September to 03 October 2017, the Ministry ...
Ministry of Land Management, Urban Planning and Construction
Thai gamblers drop after coup
The number of Thai visitors crossing the border to place bets at Cambodian casinos has fallen since that country’s military staged a coup late last month. Kim Ledaro, managing director of Crown Resorts Co, which operates three Crown-branded casino resorts in Bantey Meanchey province’s Poipet town, ...
Chan Muyhong
http://www.phnompenhpost.com/business/thai-gamblers-drop-after-coup
Amid credit expansion, Riel loans minimal
Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/amid-credit-expansion-riel-loans-minimal-66610/
Illegal timber to become school buildings
Cambodia’s schoolchildren could soon attend class in unusually luxurious buildings if Prime Minister Hun Sen has his way. Yesterday the premier granted the government’s entire stockpile of illegally-felled timber – some of which is highly sought after rosewood – to the Ministry of Education to ...
Ven Rathavong and Taing Vida
http://www.khmertimeskh.com/news/23489/illegal-timber-to-become-school-buildings/
Yearender: Hosting ASEAN Summit tops major achievements of Cambodia in 2012
The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom ...
http://news.xinhuanet.com/english/indepth/2013-01/01/c_132075147.htm
Cambodia, Morocco ink political consultation deal
Cambodia and Morocco have signed a Memorandum of Understanding (MoU) for the establishment of a political consultation mechanism in order to strengthen bilateral relations and cooperation, officials said. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-11/04/c_133764910.htm
Yellow vine factory closed
Officials from Koh Kong province’s environment department have confirmed that the construction Of a yellow vine processing plant has been halted after a directive from the Environment Ministry. Department chief Morn Phalla said that while the plant’s construction had ceased, factory equipment was on the site ...
May Titthara
http://www.khmertimeskh.com/news/32688/yellow-vine-factory-closed/
Moody's says debt is stable, open to risk
Ratings agency Moody’s kept the outlook on Cambodia’s government debt at stable, though the firm said that the risk of default was still high and had raised concerns over the country’s ability to manage its finances. In a report released on Sunday, Moody’s said that Cambodia’s ...
New GDP prediction is not optimistic
The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...
Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/
Bank Accounts Rare in Cambodia, Even for Rich
Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...
http://www.cambodiadaily.com/business/bank-accounts-rare-in-cambodia-even-for-rich-6957/
Promotions few in financial sector
In late 2009, two months after graduating with a degree in economics, Heng Piseth found a job as a credit officer with a microfinance institution in Kampong Thom province. The story reflects a larger trend confronting young Cambodians entering the financial sector’s job market. While ...
http://www.phnompenhpost.com/business/promotions-few-financial-sector
Kingdom set to diversify economy as Covid bites
Cambodia is moving towards developing non-textile industries with a policy calling for sustainable growth and economic diversification. To ensure progress, the government will continue implementation of the Cambodia Industrial Development Policy 2015-2025, said a press release on the results of a Cabinet meeting chaired by Prime ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-set-diversify-economy-covid-bites
Investment law to be revised
The government is planning to revise the Kingdom’s investment laws this year to draw more foreign direct investment as the country adjusts to the fast-changing regional and global landscapes, according to Secretary General of the Council for the Development of Cambodia (CDC) Sok Chenda Sophea. Speaking ...
http://www.phnompenhpost.com/2013030861826/Business/investment-law-to-be-revised.html
IMF cuts world growth outlook as ‘debt stress’ rises: researcher
Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher
Economic crisis sees latex exports fall 10% in first eight months
The global economic crisis has reduced Cambodia’s latex export earnings to $273.4 million in the first eight months of 2023, according to the Ministry of Agriculture, Forestry and Fisheries’ General Department of Rubber (GDR). ...
Hin Pisei
https://www.phnompenhpost.com/business/economic-crisis-sees-latex-exports-fall-10-first-eight-months
On world rabies day, a call for cooperation
Government officials and public health workers met with about 100 students at the Ministry of Health’s school of nursing in Phnom Penh on Monday to mark World Rabies Day, calling for a united effort to eradicate a virus that kills hundreds of Cambodians each year. ...
Meghan Tribe
https://www.cambodiadaily.com/news/on-world-rabies-day-a-call-for-cooperation-95814/
Police tout success against economic crimes
Economic crime police last year helped arrest nearly 70 people in more than 300 cases, mostly involving intellectual property violations, counterfeiting and chemical production. ...
Pech Sotheary
http://www.khmertimeskh.com/news/37823/police-tout-success-against-economic-crimes/
Cambodia expects China, RCEP to help boost economic recovery
Amid the raging COVID-19 pandemic, Cambodia’s economy in 2020 registered its slowest growth since 1994. However, the country’s growth is projected to rebound this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP). ...
Khmer Times Staff
https://www.khmertimeskh.com/50847787/cambodia-expects-china-rcep-to-help-boost-economic-recovery/
Employees sit out and block road
Around 700 garment workers blocked National Road 4 in Por Sen Chey district on Monday in a protest to demand severance packages they claimed their factory owed them after it shut down. The workers said Chim Li Cambodia Pte Ltd, which has since taken over ...
Kong Meta
https://www.phnompenhpost.com/national/employees-sit-out-and-block-road
Labourers protest unpaid wages
Seventy construction workers in Svay Rieng province’s Bavet staged a protest yesterday after the labour agency that found them jobs failed to pay their salaries, totaling more than $30,000 over four months, as agreed. ...
Sen David
https://www.khmertimeskh.com/50507847/labourers-protest-unpaid-wages/