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ADB provides $180 million in loan for urban services in Cambodia

The Asian Development Bank (ADB) has approved a $180 million loan to help three cities in Cambodia improve urban infrastructure and boost economic competitiveness. ...

Khmer Times Staff
https://www.khmertimeskh.com/50973878/adb-provides-180-million-in-loan-for-urban-services-in-cambodia/

New water treatment plant in West Phnom Penh will have its ground breaking in August

The Phnom Penh Water Supply Authority (PPWSA) will break ground for new water treatment plant in Sangkat Pleung Chhes Rotes, Khan Kambol, a move to increase the supply of piped clean water to people residing in the area. ...

Khmer Times Staff
https://www.khmertimeskh.com/501091885/new-water-treatment-plant-in-west-phnom-penh-will-have-its-ground-breaking-in-august/

COVID-19 pandemic fuels largest continued backslide in vaccinations in three decades

WHO and UNICEF sound the alarm as new data shows global vaccination coverage continued to decline in 2021, with 25 million infants missing out on lifesaving vaccines. ...

Khmer Times Staff
https://www.khmertimeskh.com/501113173/covid-19-pandemic-fuels-largest-continued-backslide-in-vaccinations-in-three-decades/

Cambodia’s GDP, inflation forecast in tandem with regional growth in 2024, AMRO says

Cambodia’s inflation is expected to shrink to 0.4 percent in 2024 as fuel and food prices dropped below levels expected by the ASEAN+3 Macroeconomic Research Office (AMRO), as well as the tourism sector’s lagged recovery. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodias-gdp-inflation-forecast-in-tandem-with-regional-growth-in-2024-amro-says

MFIs disburse $7.73 billion in first semester in Cambodia

The Cambodia Microfinance Association (CMA) has disbursed a total $7.730 billion in loan to a close of 2 million customers in the first half of this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50936570/mfis-disburse-7-73-billion-in-first-semester-in-cambodia/

Cambodia sees spike in human, sex trafficking cases in first half of 2021

Cambodia cracked down on 198 human trafficking and sexual exploitation cases in the first six months of 2021, a remarkable rise from only 63 cases over the same period last year, a senior official said on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/50924773/cambodia-sees-spike-in-human-sex-trafficking-cases-in-first-half-of-2021/

Grouping urged to work together for 2015 integration

The secretary-general of the Council for the Development of Cambodia (CDC) called on Asean member states to work collectively towards achieving the Asean Economic Community by 2015. Sok Chenda Sophea, who chaired the 2nd Asean Investment Forum (AIF) held in Phnom Penh, said Asean members must ...

http://www.nationmultimedia.com/aec/Grouping-urged-to-work-together-for-2015-integrati-30194612.html

Hun Sen says Wage Changes Are Not Up To The Government

Prime Minister Hun Sen said yesterday that the government has no role in setting the minimum wage, as Cambodia is a market driven economy, and shot down unnamed people who have been calling for the government to significantly raise the country’s floor wage of $61. “For ...

http://www.cambodiadaily.com/news/hun-sen-says-wage-changes-are-not-up-to-government-14455/

Myanmar’s siren song

Unions and labour rights groups have spent recent months unashamedly drilling home a stark reminder: Cambodia’s minimum garment wage, at $61 per month, compares poorly with those in Thailand – where workers earn more than $200 a month – and Vietnam, which has a base ...

http://www.phnompenhpost.com/2013031861998/National/myanmar-s-siren-song.html

Wary of China, Companies Head to Cambodia

Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...

http://www.nytimes.com/2013/04/09/business/global/wary-of-events-in-china-foreign-investors-head-to-cambodia.html?pagewanted=all&_r=0

Japanese oil study ‘Positive’

The hunt for oil around northwestern Cambodia has unearthed “positive” results for Japan Oil, Gas and Metals National Corporation (JOGMEC), which intends to continue exploring the area in a project that could last at least six more years, a government spokesman said. JOGMEC’s survey on the ...

http://www.phnompenhpost.com/2013060566067/Business/japanese-oil-study-positive.html

Cambodia Falls Short as Garment-Industry Model

This small Southeast Asian country was supposed to become a model for the world apparel industry, with tough factory monitoring and strong worker protections. But a dozen years after the United Nations’ International Labour Organization launched a program to manage Cambodia’s booming garment trade—the first of ...

http://online.wsj.com/article/SB10001424127887324423904578521240151597504.html

Australian Police Say Appropriate Steps Taken in BHP Bribery Case

The Australian Federal Police (AFP) said Monday they have taken the necessary steps to investigate claims that the world’s largest mining company, BHP Billiton, bribed officials in Cambodia and played down reports that it had mishandled one the country’s largest cases in corporate corruption. “The ...

http://www.cambodiadaily.com/business/australian-police-say-appropriate-steps-taken-in-bhp-bribery-case-31221/

GDT rakes in $512 million in taxes in first two months of 2022

In the first two months of this year, the General Department of Taxation has collected about $512 million in taxes, an increase of more than 22% when compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501041398/gdt-rakes-in-512-million-in-taxes-in-first-two-months-of-2022/

Bank Predicts 6.8% Economic Growth in 2012

The Asian Development Bank (ADB) has released figures which show they believe that the Cambodian economy will grow between 6.8 and 7 percent in 2013 and 6.8 percent in 2012. Their reporting sites the growth in the Cambodian garment industry as a major factor. The ...

Central Bank In Talks to Up Reserve Rate

The National Bank of Cambodia (NBC) is thinking of raising the reserve required for banking deposits. The aim is to slow inflation and lessen the chance of an economic meltdown. The NBC is considering raising the rate after inflation reached 6.5 percent in May compared ...

Premier Approves Four More Land Concessions in Mondolkiri

Prime Minister Hun Sen has granted for more land concessions in Mondolkiri province. The concessions total more than 38,057 hectares. Pacific Lotus Joint stock received 9,014 hectares; Pacific Pearl Joint Stock received 9.614 hectares; Pacific Grand Joint Stock received 9,656 hectares and Pacific Pride Joint ...

Villagers Struggle in Face of Chinese Tourism Project

Villagers along the Koh Kong province’s coastline have been relocated by a Chinese development company as they have not been granted access to their farm land which falls within the development area and are running short of food. 20 tons of rice have been delivered ...

Bus Company’s Partner Involved in Similar Crash

Kampuchea Angkor Express and Virak Buntham Express Travel, two bus companies that share a fleet of busses and operate services running between Siem Reap, Cambodia and Ho Chi Minh City, Vietnam have both been involved in bus crashes recently. A number of passengers were injured ...

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