GDP growth to shrink to 4.9% as poverty rate inches up
Cambodia’s economic growth for 2022 is expected to decelerate to 4.9 percent from estimates of 5.4 percent made prior to the war in Ukraine, an assessment by the UN Development Programme (UNDP) stated. ...
Kiripost staff writers
https://kiripost.com/stories/gdp-growth-to-shrink-to-49-as-poverty-rate-inches-up
Inflation rises to 7.4 percent
Inflation is expected to soar to 7.4 percent in Q2 2022, from 2.8 percent last year, raising fears that it will seriously impact the livelihoods of the country’s most vulnerable. ...
Seng Mengheng
https://kiripost.com/stories/inflation-rises-to-74-percent
Stolen crude oil to be returned to Cambodia
Cambodia has reached an agreement to receive 300,000 barrels of crude oil that was stolen by a tanker following a payment dispute with Singaporean energy KrisEnergy, a senior government official said on Tuesday. ...
Chhorn Raksmey
https://kiripost.com/stories/stolen-crude-oil-to-be-returned-to-cambodia
ASEAN human rights meeting under way in Siem Reap
The ASEAN Intergovernmental Commission on Human Rights (AICHR Cambodia) is hosting the second Special Meeting 2022 of the ASEAN Intergovernmental Commission on Human Rights (AICHR) and related meetings to discuss several issues, including environmental challenges and human rights in ASEAN. ...
Lay Samean
https://www.phnompenhpost.com/national/asean-human-rights-meeting-under-way-siem-reap
Futile hold-outs: PM warns Angkor Park squatters against inciters
Prime Minister Hun Sen yesterday urged squatters who have yet to relocate from Angkor Archaeological Park to Run Ta Ek village not to fall victim to unnamed opposition political party members inciting them to hold out for a higher amount of compensation. ...
Torn Vibol
https://www.khmertimeskh.com/501161807/futile-hold-outs-pm-warns-angkor-park-squatters-against-inciters/
Border provinces all on alert with Monkeypox in Thailand, Vietnam
Health departments and authorities in the provinces bordering Thailand and Vietnam are reminding people to remain vigilant and protect themselves from monkeypox, as the two neighbouring countries announced the discovery of new cases. ...
Mom Kunthear
https://www.phnompenhpost.com/national/border-provinces-all-alert-monkeypox-thailand-vietnam
Canadian firm granted oil, gas exploration, production licence
The government has given the nod to EnerCam Resources Co Ltd, a subsidiary of Toronto-listed Angkor Resources Corp, for oil and gas exploration, development and production on southwestern Cambodia’s roughly 7,300sq km onshore Block VIII in the Kampong-Som Basin, the parent company reported on October ...
May Kunmakara
https://www.phnompenhpost.com/business/canadian-firm-granted-oil-gas-exploration-production-licence
Capital-Sihanoukville expressway tolls discounted 20% for first year
The Phnom Penh-Sihanoukville Expressway will open as a toll road from November 1, with the company administering the highway – China Road and Bridge Corporation (CRBC) – declaring a 20 per cent discount on all tolls for the first year of operations. ...
Long Kimmarita
https://www.phnompenhpost.com/national/capital-sihanoukville-expressway-tolls-discounted-20-first-year
Biz Fair to attract 500,000 visitors to Cambodia’s coast
Cambodia’s Biz Fair is making a return after a pandemic-fuelled hiatus and is expected to attract 500,000 visitors to the five-day event hosted at a newly-developed stretch of coastline close to Sihanoukville. ...
Marissa Carruthers
https://kiripost.com/stories/biz-fair-to-attract-500000-visitors-to-cambodias-coast
Port EDI still due for Aug 17 launch, ministry confirms
An electronic data interchange (EDI) system is still on track to be launched at the Kingdom’s ports on August 17, to effect a large-scale modernisation of entry-exit navigation control in Cambodia, switching from manual to online, the public works ministry confirmed on June 24. ...
Hom Phanet
https://www.phnompenhpost.com/business/port-edi-still-due-aug-17-launch-ministry-confirms
Canada firm mulls offshore oil extraction in Kingdom’s Block A
Canadian-owned company EnerCam Resources Co Ltd (EnerCam) is studying the possibility of investing in oil extraction from Cambodia’s offshore Block A after the government terminated an agreement with Singapore-based KrisEnergy Ltd, after the oil and gas exploration company went bankrupt last year. ...
Hom Phanet
https://www.phnompenhpost.com/business/canada-firm-mulls-offshore-oil-extraction-kingdoms-block
First ‘pra’ fish export for China in process
Hun Ty Co Ltd, the sole company awarded the right to process iridescent shark catfish (Pangasianodon hypophthalmus) for export to China, is currently processing the first batch of 40 tonnes scheduled for Cambodia’s maiden trial shipment to Chinese shores next month, according to a senior ...
Hom Phanet
https://www.phnompenhpost.com/business/first-pra-fish-export-china-process
Ministry proposes solution to Canteran dispute, workers vote to keep pushing
The Labor Ministry on Wednesday proposed a compensation plan for former workers of the defunct Canteran Apparel garment factory after Prime Minister Hun Sen urged officials to find a solution for the labor dispute. ...
Khut Sokun and Keat Soriththeavy
https://vodenglish.news/ministry-proposes-solution-to-canteran-dispute-workers-vote-to-keep-pushing/
Mondulkiri province’s indigenous farmers say they have no market for their avocados this year
Farmers from indigenous communities in Mondulkiri province say they are not able to sell their avocado crop right now to the point that some villagers have left their avocados on the ground instead of harvesting them. ...
Po Sophea and Sam Sopich
https://cambodianess.com/article/mondulkiri-provinces-indigenous-farmers-say-they-have-no-market-for-their-avocados-this-year
ASEAN majority want end to coal
A survey has revealed that more than half of respondents want ASEAN countries to stop building new coal plants immediately, while almost two-thirds want their countries to phase out coal consumption either immediately or by 2030. ...
Ry Sochan
https://www.phnompenhpost.com/national/asean-majority-want-end-coal
ADB-backed Nat’l Solar Park adds 60MW to grid
A 60MW solar photovoltaic (PV) power plant in southwestern Kampong Chhnang province, part of the 100MW National Solar Park, was connected to the national grid on November 11, in a move to provide the people with more power resources, reported the Asian Development Bank (ADB). ...
Hin Pisei
https://www.phnompenhpost.com/business/adb-backed-natl-solar-park-adds-60mw-grid
Cambodia stays on growth path, set to expand 6.6%
The Kingdom of Cambodia continues on its high growth path in the post-Covid pandemic scenario and is set to report robust growth this year as well as the next few years, according to the International Monetary Fund (IMF). ...
Prakash Jha
https://www.khmertimeskh.com/501177183/cambodia-stays-on-growth-path-set-to-expand-6-6/
Travel agents welcome free entry to Angkor Wat for expats
Free entry offered to expats who have completed two years of residency at Angkor Archaeological Park got a rousing welcome from the hospitality sector. ...
Torn Vibol
https://www.khmertimeskh.com/501144786/travel-agents-welcome-free-entry-to-angkor-wat-for-expats/
RCEP key mechanism to safeguard free trade: Cambodian PM
The Regional Comprehensive Economic Partnership (RCEP) is an important mechanism to safeguard the rules-based multilateral free trade system against the trends of anti-globalization and protectionism, Cambodian Prime Minister Hun Sen said on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501179199/rcep-key-mechanism-to-safeguard-free-trade-cambodian-pm/
