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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/

ADB projects drop in inflation to 0.5 percent in Cambodia

Asian Development Bank (ADB), a key development partner for Cambodia, has maintained its growth forecast for Cambodia at 5.8 percent for this year and 6.0 percent for 2025 but revised its earlier inflation projection for this year from 2.0 percent to 0.5 percent. ...

Nhean Chamrong
https://www.khmertimeskh.com/501565953/adb-projects-drop-in-inflation-to-0-5-percent-in-cambodia/

Exports soar to nearly $20 billion in Q3

Cambodia exported goods worth approximately $19.8 billion during the first three quarters of 2024, up 17 percent from $16.9 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Thursday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501572159/exports-soar-to-nearly-20-billion-in-q3/

MPTC gathers input for ASEAN secretariat on GenAI governance and ethics

A consultative workshop on generative artificial intelligence (GenAI) governance and ethics was held by the Ministry of Post and Telecommunications (MPTC) to gather input from relevant stakeholders and prepare a draft for the ASEAN Secretariat. “In governing GenAI, we must prioritise public interests,” said MPTC secretary ...

Kiripost staff writers
https://kiripost.com/stories/mptc-gathers-input-for-asean-secretariat-on-genai-governance-and-ethics

Cambodia Climate Change Summit 2024 returns with ambitious agenda

This week, leading climate change experts and stakeholders will gather at the Cambodia Climate Change Summit 2024 (CCCS24) to tackle the nation’s and region’s most pressing climate challenges, while exploring solutions for both mitigation and adaptation. ...

Ben Sokhean
https://www.khmertimeskh.com/501578306/cambodia-climate-change-summit-2024-returns-with-ambitious-agenda/

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 ...

http://hosted.ap.org/dynamic/stories/A/AS_CAMBODIA_SELLING_SAND?SITE=CALAK&SECTION=HOME&TEMPLATE=DEFAULT

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: ...

http://www.microcapital.org/microcapital-brief-resposnability-invests-13-5m-in-microfinance-institutions-mfis-visionfund-cambodia-equity-bank-of-kenya/

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 ...

http://www.cambizreview.com

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/

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