Hun Manet: Kingdom attracts new investors
Cambodia is emerging as one of the region’s most attractive countries for new business expansion and investments, driven by political stability and high economic growth over the past two decades, according to Royal Cambodian Armed Forces (RCAF) deputy commander and Royal Cambodian Army (RCA) commander ...
May Kunmakara
https://www.phnompenhpost.com/business/hun-manet-kingdom-attracts-new-investors
Stung Treng agriculture achievements on display
According to the Stung Treng provincial authorities, in the past five years, the province has earned between $700 million and $800 million from agricultural products. The majority of Stung Treng’s population relies on plantations, agro-industrial crops, and fishing for their livelihoods. ...
Sem Pisey
https://www.phnompenhpost.com/business/stung-treng-agriculture-achievements-display
NSSF call on companies to register staff
All companies, enterprises and businesses that employ one or more employees are required to register with the National Social Security Fund (NSSF). Those who attempt to evade registering their staff will face legal consequences, explained Sok Bora, director of the NSSF’s Benefits Division, as he ...
Chea Sokny
https://www.phnompenhpost.com/national/nssf-call-companies-register-staff
Cambodia’s exports to EU surge 25% YoY to $4.045 bn in 2022
Cambodia’s exports to the European Union (EU) last year were worth $4.045 billion—a more than 25 per cent hike from the $3.229 billion registered in 2021, according to the ministry of commerce. Cambodia-EU trade was worth $4.857 billion last year, rising by 15.9 per cent ...
Khmer Times Staff
https://www.khmertimeskh.com/1236312/cambodias-exports-to-eu-surge-25-yoy-to-4-045-bn-in-2022/
Cambodia’s exports to RCEP countries rise 23% to $5.8B
Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries continued to increase, indicating the emergence of a growing market for the country’s products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501382492/cambodias-exports-to-rcep-countries-rise-23-to-5-8b/
Macau-Backed Casino Firm to Expand Operations in Cambodia
A Macau-backed firm plans to grow its involvement in Cambodia’s casino sector as it targets the local gambling market with gaming machines and two new casinos, the company said in a financial statement filed in the US. Entertainment Gaming Asia Inc, which currently provides gaming machines ...
One More Manufacturing opens door to local noodle production
One More Manufacturing Co Ltd on Saturday officially inaugurated “Mee Chiet” an instant-noodle processing factory with a production capacity of 150 million packages per year. The factory, which is located in Kouk Roka commune’s Trapaing Por village in the capital’s Prek Pnov district, will produce noodles ...
Hin Pisei
https://www.phnompenhpost.com/business/one-more-manufacturing-opens-door-local-noodle-production
FTA with South Korea would improve Cambodia’s competitiveness: exporters
Cambodian exporters are hopeful that a free trade agreement with South Korea will boost trade between the nations and attract more investment into the Kingdom. Chang Hoon Lee, managing director of Korean exporter Hyundai Agro, said the move is a positive development. A free-trade pact ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50664297/fta-with-south-korea-would-improve-cambodias-competitiveness-exporters/
Air France ceases direct Cambodia services
It was a major event for Cambodia. Some 35 years after flying for the last time with a Boeing 707 from Phnom Penh to Paris, French national carrier Air France-KLM was back to the Cambodian capital. The flight was first operated with an Airbus A340-300, ...
http://www.traveldailynews.asia/news/article/50995/air-france-ceases-direct-cambodia
Kratie vendors protest pricey relocation site
In an effort to improve Kratie town’s aesthetics, authorities have ordered about 300 shop owners on central roads and along the river bank to relocate their operations or face physical removal. Vendors were given until today to move to a location about a kilometre away, but ...
Rubber firm has plans in Cambodia
Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubber inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubber,” ...
http://www.phnompenhpost.com/2013062866536/Business/rubber-firm-has-plans-in-cambodia.html
Buildings Near Palace to Be Partially Demolished
Phnom Penh municipal governor Pa Socheatvong maintained Wednesday that the city would partially demolish two buildings near the Royal Palace because they exceed the height limit stated in their contracts, though he did not specify when the demolition would occur. One building, owned by Vattanac ...
Aun Pheap
http://www.cambodiadaily.com/news/buildings-near-palace-to-be-partially-demolished-48635/
Cambodia's ruling, opposition parties agree to form joint committee for electoral reform
Cambodia’s ruling and opposition parties agreed Tuesday to form a joint committee for an electoral reform towards free and fair elections in the future, a joint statement said. “Both sides agreed to establish a joint committee, which will comprise the equal number of members from the ...
Global Times News Staff
http://www.globaltimes.cn/content/843195.shtml#.UwRK0fmSxqU
Ministry inspires youth to preserve natural resource
The Environment Ministry held a tree-planting drive in Kampong Thom province to mark Valentine’s Day by encouraging youths to love and protect natural resources. A religious ceremony was held to mark five huge trees and protect them from being cut down. attendees were also told ...
Sen David
https://www.khmertimeskh.com/50691806/ministry-inspires-youth-to-preserve-natural-resource
Imports down over Covid-19
Shipments of goods between the Kingdom and China are declining amid the Covid-19 outbreak, according to local logistics experts. SHA Transport Express CEO Khut Saroeun told The Post that there has been a 10 per cent drop in import-export activity between the two economies. ...
Hin Pisei
https://www.phnompenhpost.com/national/imports-down-over-covid-19
Only ‘legal’ SMEs to benefit from aid package: Ministry
The $800 million to $2 billion COVID-19 stimulus package announced by Prime Minister Hun Sen last month will only be given to those businesses that are legally registered and are formally verified, the Ministry of Economy and Finance has said. ...
Harrison White
https://www.khmertimeskh.com/50708031/only-legal-smes-to-benefit-from-aid-package-ministry/
Banking made more accessible
The largest bank in Cambodia, Acleda Bank Plc, has extended its mobile banking and payments service to consumers without an existing banking relationship of any kind, according to a press release by global technology provider Fiserv. Established in 2010, Acleda Unity now reaches untapped consumer segments using ...
http://www.phnompenhpost.com/index.php/2012103059461/Business/banking-made-more-accessible.html
Hun Sen dares EU to impose sanctions
A European Parliament resolution last week calling for the possible suspension of Cambodia’s preferential trade status prompted a strong reaction from Prime Minister Hun Sen, who yesterday sternly dared the bloc to “cut it!” Speaking to garment factory workers on Koh Pich yesterday, the premier said Cambodia would ...
Ben Sokhean and Leonie Kijewski
http://www.phnompenhpost.com/national-politics/hun-sen-dares-eu-impose-sanctions
Vast Prince Manor fun park opens to much fanfare in Kandal
Chinese-owned Prince Culture and Development Co Ltd officially launched the $85 million Prince Manor entertainment centre in Kandal province on Wednesday. Prince Manor is located along National Road 1, 20km from the centre of Phnom Penh. It is the first major theme park project in ...
May Kunmakara
https://www.phnompenhpost.com/business/vast-prince-manor-fun-park-opens-much-fanfare-kandal
Preah Vihear court drops charges against villagers
The Preah Vihear Provincial Court has dropped all charges against eight ethnic Kuoy villagers who were in a land dispute with the Hengfu Group Sugar Industry Co Ltd since 2014. Wednesday’s decision was made by the judge who tried the case on June 10. The eight ...
Long Kimmarita
https://www.phnompenhpost.com/national/preah-vihear-court-drops-charges-against-villagers