Cambodian economy stabilizing in 2024 with increased liquidity, exports
The Cambodian economy is demonstrating signs of an overall rebound in 2024, spurred by improving liquidity and improving export demand, says a recently released report, titled ‘Economic Snapshot and Outlook 2024’ by investment advisory firm, Mekong Strategic Capital (MSC). ...
James Whitehead
https://www.khmertimeskh.com/501549598/cambodian-economy-stabilizing-in-2024-with-increased-liquidity-exports/
Cambodia seeks to harness R&D investment for technology-driven solutions to local challenges
The Ministry of Industry, Science, Technology & Innovation (MISTI) hosted a workshop on Friday, titled “Cambodia’s National R&D Management System,” aimed at bolstering the research ecosystem by helping researchers choose innovative research topics and transfer their results for socio-economic benefits. ...
Khmer Times Staff
https://www.khmertimeskh.com/501555486/cambodia-seeks-to-harness-rd-investment-fortechnology-driven-solutions-to-local-challenges/
Demands eased in 3rd round of workers’ wage negotiations
The third meeting over negotiations for next year’s minimum wage for the garment, footwear and travel goods industries was held on Friday with a better than expected result as both sides have shifted on their previous demands. ...
Sen David
https://www.khmertimeskh.com/501555369/demands-eased-in-3rd-round-of-workers-wage-negotiations/
Cambodia seeks China’s assistance in establishing first FTZ
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged senior officials of the government of the People’s Republic of China (PRC) to collaborate in establishing the first free trade zone (FTZ) and also constructing more special ...
Nhean Chamrong
https://www.khmertimeskh.com/501558180/cambodia-seeks-chinas-assistance-in-establishing-first-ftz/
Cambodia’s trade with RCEP countries reaches $22.92 billion in the first eight months of 2024, reflecting 17.2% growth
Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501563595/cambodias-trade-with-rcep-countries-reaches-22-92-billion-in-the-first-eight-months-of-2024-reflecting-17-2-growth/
Solid waste
Trash collection in Siem Reap province, Cambodia. Photo taken by David Villa, taken on 12 January 2008. Licensed under CC BY 4.0 DEED.Solid waste is defined as “used things, materials, or products that remain or are generated from human daily activities and livelihood and do ...
Oil refineries
There is currently no oils refinery in Cambodia. Although a refinery has been planned, its construction has been delayed several times, reportedly over financing difficulties. ...
Sand for Singapore's Growth Comes at Environmental Cost to Poorer Neighbors
KOH KONG, Cambodia (AP) — Round a bend in Cambodia’s Tatai River and the virtual silence of a tropical idyll turns suddenly into an industrial nightmare. Lush jungle hills give way to a flotilla of dredgers operating 24 hours a day, scooping up sand and piling ...
responsAbility Invests $13.5m in Microfinance Institutions (MFIs) VisionFund Cambodia, Equity Bank of Kenya
responsAbility Social Investments AG, a Swiss for-profit company that operates four microfinance investment vehicles (MIVs), recently reported to MicroCapital that it has invested USD 13.5 million in microfinance institutions (MFIs) Equity Bank of Kenya and VisionFund Cambodia. The investments have been made through three MIVs: ...
No Power Leads to No Water In Sihanoukville
The water shortage that has led to tens of thousands of households in Sihanoukville without running water for the past week occurred after provincial officials decided to limit power to a water pumping facility operated by the tourist town’s privately-owned distributor, a manager at the ...
http://www.cambodiadaily.com/news/no-power-leads-to-no-water-in-sihanoukville-16858/
Government Goes to China in Search of New Loans
Prime Minister Hun Sen will travel to China on Saturday to meet with the rising superpower’s new leadership, in a trip the government expects to yield nearly $2 billion in loans and aid. Most significantly, the Government is hoping to secure Chinese funding for a 1.67 ...
http://www.cambodiadaily.com/news/government-goes-to-china-in-search-of-loans-17314/
Better Recovery for Construction and Real Estate Sector
2012 has been an impressive year for Cambodia’s economic resilience. Among the many sectors that had positively grown are the construction and property development [sic] and they are expected to be among the highest growth achievers in the current year as well. In 2012, the ...
Mfone's towers are a hard sell
Nearly a decade ago, Meng Chor inherited a rooftop rental agreement with a telecommunications firm after buying a property on Mao Tse Toung Boulevard. For $300 a month over a 10-year lease, the contract allowed the company that later became Mfone to keep the cell tower ...
http://www.phnompenhpost.com/business/mfones-towers-are-hard-sell
Loss of Forest in Cambodia Among Worst in the World
Cambodia lost more than 7 percent of its forest cover over the past 12 years—the fifth fastest rate in the world—according to a new study of global forest cover change that sharply contradicts the government’s own rosier figures. Published Friday in the journal Science and led ...
Zsombor Peter
http://www.cambodiadaily.com/news/loss-of-forest-in-cambodia-among-worst-in-the-world-47259/
Report Says More Than 10 Percent of Children Are ‘Laborers’
More than 10 percent of children in the country aged between 5 and 17 work as laborers, with more than 5 percent engaged in “hazardous labor,” a situation that must be addressed by the government, the International Labor Organization (ILO) said in a report released ...
Colin Meyn
http://www.cambodiadaily.com/news/report-says-more-than-10-percent-of-children-are-laborers-48198/
At the Neak Leung Ferry Terminal, Bribes Pay the Way
Every year, tens of thousands of people cross the Mekong River from Kandal to Prey Veng province to celebrate the Pchum Ben festival with their families. For some, queuing at the Neak Leung ferry terminal breathing in the exhaust fumes of thousands of vehicles can ...
Matt Blomberg and Mech Dara
http://www.cambodiadaily.com/news/at-the-neak-leung-ferry-terminal-bribes-pay-the-way-44330/
City Hall Announces New Plan to Raise Living Standards of Poor
City Hall announced a new plan to improve living standards in the city’s poorest areas Tuesday on International Human Rights Day, while representatives for the urban poor continued to call on the municipality to issue longsought after land titles. Addressing a crowd of 600 at Olympic ...
Kuch Naren
http://www.cambodiadaily.com/news/city-hall-announces-new-plan-to-raise-living-standards-of-poor-49078/
Aeon microfinance booms with mall on horizon
When Sor Songheng, a manager for an accountancy firm, wanted to replace his cheap Nokia phone a few months ago, he set his heart on a top-of-the-line iPhone 5S worth $780—nearly his entire monthly salary of $800. But instead of scrimping and saving for months to ...
George Styllis
http://www.cambodiadaily.com/news/aeon-microfinance-booms-with-mall-on-horizon-58122/
His Excellency Chhieng Yanara, Minister Attached to the Prime Minister and Secretary General of the Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) held a courtesy call with His Excellency Christian Berger, Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to the Kingdom of Cambodia via video conference
On 19 October 2021, the Council for the Development of Cambodia issued a press release on His Excellency Chhieng Yanara, Minister Attached to the Prime Minister and Secretary General of the Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) ...
Council for the Development of Cambodia
Banning travelers from 10 countries in Africa or with a history of traveling to 10 countries during the three weeks prior to entering Cambodia
On 29 November 2021, the Ministry of Health issued a press release banning travelers from 10 countries in Africa or with a history of traveling to 10 countries during the three weeks prior to entering Cambodia. The Kingdom of Cambodia has decided to ban travelers ...
Ministry of Health