UNDP donates 31 electric vehicles to ministry
The United Nations Development Program (UNDP) has donated 30 electric motorbikes and a car to the Ministry of Public Works and Transport as part of efforts to promote the wide use of electric vehicles (EV) in the country, as four charging stations officially open. ...
Chhorn Raksmey
https://kiripost.com/stories/undp-donates-31-electric-vehicles-to-ministry
SSEZ trade volume hits $2B in 10 months
The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) totalled $2.069 billion in the first 10 months of 2022, marking a 17.09 per cent rise year-on-year from $1.767 billion, according to statistics posted by the operator at the weekend. ...
Hin Pisei
https://www.phnompenhpost.com/business/ssez-trade-volume-hits-2b-10-months
Banks, MFIs raise interest rates following Fed move
Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...
Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/
Implementation of new income, salary tax come into effect
All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, ...
Kang Sothear
https://www.khmertimeskh.com/501213229/implementation-of-new-income-salary-tax-come-into-effect/
PP-Bavet Expressway construction set to begin
The Royal Government of Cambodia (RGC) yesterday signed the Public-Private Partnership (PPP) contract with the Chinese infrastructure construction firm China Road and Bridge Corporation (CRBC) to start the construction of Cambodia’s second expressway project Phnom Penh-Bavet Expressway (PP-Bavet Expressway) worth $1.4 billion early next month. ...
Kang Sothear
https://www.khmertimeskh.com/501292966/pp-bavet-expressway-construction-set-to-begin/
South Korea investment sought as five MoUs signed
Two high-ranking Cambodian officials have issued fresh rallying calls for South Korean entities to invest in the Kingdom and take advantage of its bilateral and multilateral trade pacts, especially the Cambodia-Korea Free Trade Agreement (CKFTA) that took effect on December 1. ...
May Kunmakara and Van Socheata
https://www.phnompenhpost.com/business/south-korea-investment-sought-five-mous-signed
Takeo farmer’s diversification bet pays off
A farmer in Takeo province is reaping the benefits of diversification on his 1.6ha land in Borei Cholsar district. Previously, Sem Savry grew three crops of rice a year, but now, in addition to his rice, he feeds river shrimp and geese, and grows coconuts. ...
Rann Reuy
https://www.phnompenhpost.com/national/takeo-farmers-diversification-bet-pays
Unlocking the potential of a digital education at MLE schools
When Anlong Kes Primary School received a smart TV last year to help teachers support digital learning in schools with ethnic minority students, the staff weren’t short on ideas on how to use it. Grade 1 teacher Antoey Vibot said she knew her students would ...
Khmer Times Staff
https://www.khmertimeskh.com/501282259/unlocking-the-potential-of-a-digital-education-at-mle-schools/
Japan to offer grant aid in support of cadastral surveying and land registration in Cambodia
Japan will provide Cambodia for JPY 1,338 million ($9.7 million) for the implementation of the project for the Establishment of a Nationwide Continuously Operating Reference Station Network, according to Cambodia’s Ministry of Foreign Affairs and International Cooperation’s press release and obtained by AKP today. ...
Khmer Times Staff
https://www.khmertimeskh.com/501381543/japan-to-offer-grant-aid-in-support-of-cadastral-surveying-and-land-registration-in-cambodia/
Cambodia set to continue export duty incentives in rubber sector
Cambodia is set to offer tax incentives for another two years on rubber exports, starting from January 1, 2024, aiming to encourage cultivation and support growers and exporters in the face of declining prices due to a drop in international demand. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-set-to-continue-export-duty-incentives-in-rubber-sector
ASEAN, including Cambodia, discuss economic ties
Sok Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation (MFAIC) and leaders of the ASEAN community discussed ways to strengthen cooperation in the fields of green transition, blue economy, climate change, energy and food security, digital transformation and supply chain ...
Nhean Chamrong
https://www.khmertimeskh.com/501531492/asean-including-cambodia-discuss-economic-ties/
BAKC launches nationwide legal training for local authorities
Local authorities from the district to village levels throughout the country will receive training from the Bar Association of the Kingdom of Cambodia (BAKC) to increase legal awareness on topics ranging from birth, marriage and death certificates to criminal and civil procedures. ...
Niem Chheng
https://www.phnompenhpost.com/national/bakc-launches-nationwide-legal-training-for-local-authorities
Cambodia bats for Mekong’s economic development
Cambodia has endorsed the Mekong cooperation with Korea and Japan which focuses on connecting societies, promoting digitalisation and providing proactive responses to the citizens in the community aimed at elevating inclusive and sustainable development in the region. ...
Nhean Chamrong
https://www.khmertimeskh.com/501532249/cambodia-bats-for-mekongs-economic-development/
Cambodian Banking and Financial Associations implement new rules to strengthen operations and consumer protection
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have introduced new regulations to enhance responsible business practices and bolster consumer protection in the country’s banking and financial sectors. Announced on Friday, the new rules are designed to promote a sustainable ...
Khmer Times Staff
https://www.khmertimeskh.com/501543235/cambodian-banking-and-financial-associations-implement-new-rules-to-strengthen-operations-and-consumer-protection/
ARDB, APRACA sign MoU to create CoE on green financing
Agricultural and Rural Development Bank (ARDB) and Asia-Pacific Rural and Agricultural Credit Association (APRACA) Thursday signed a Memorandum of Understanding (MoU) to create the Center of Excellence (CoE) to conduct research on green financing in agriculture in Cambodia. ...
Mom Kunthea
https://www.khmertimeskh.com/501539675/ardb-apraca-sign-mou-to-create-coe-on-green-financing/
China reaffirms commitment to support Cambodia’s development
China has reiterated its strong commitment to supporting Cambodia in pursuing a development path tailored to its national conditions, with the goal of becoming an upper middle-income economy by 2030 and a high-income country by 2050. ...
Taing Rinith
https://www.khmertimeskh.com/501540962/china-reaffirms-commitment-to-support-cambodias-development/
FiA, UNIDO urge stakeholders to adhere to food safety standards
The Fisheries Administration (FiA) and the United Nations Industrial Development Organization (UNIDO) called on all stakeholders in the fishery value chains to collaborate with the Fisheries Competent Authority (FCA) to implement necessary food safety requirements and follow the required processes, from application submission to obtaining ...
Mom Kunthea
https://www.khmertimeskh.com/501535758/fia-unido-urge-stakeholders-to-adhere-to-food-safety-standards/
Authorities relocate families, plant trees to restore Phnom 1500
Authorities plan to provide land to around 70 families who have agreed to leave Phnom 1500 for a new location this August, while 50,000 saplings are being planted to restore the forest and create a natural tourism destination. ...
Phak Seangly
https://www.phnompenhpost.com/national/authorities-relocate-families-plant-trees-to-restore-phnom-1500
Govt announces free tours to northeastern border provinces to address concerns over sovereignty
In a bid to disprove false claims about the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) by overseas-based opposition groups, Prime Minister Hun Manet is arranging free transport for the public to see for themselves the real situation at the border areas. ...
CDC approves nearly 400 investment projects worth over $7.5 billion in one year
From September 2023 to August 2024, in the first year of the 7th-mandate the Royal Government of Cambodia, the Council for Development of Cambodia (CDC) granted licences to 391 new investment projects and production expansion projects with a combined capital of over $7.5 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501549890/cdc-approves-nearly-400-investment-projects-worth-over-7-5-billion-in-one-year/