Reforms making an impact
Cambodia was ranked higher than other CLMV countries (Cambodia, Lao, Myanmar, Vietnam) for the readiness of private and state-owned organisations to deal with external economic changes, according to the Change 2015 Readiness Index released by KPMG. The international auditing firm’s report shows that Cambodia was the ...
Chan Muyhong
http://www.phnompenhpost.com/business/reforms-making-impact
NA puts brakes on rent hikes
Lawmakers yesterday passed a rent control law for low-income earners and students, prohibiting landlords from increasing rent for two years once a contract is signed and allowing tenants to scrap a lease agreement without notice. The law, which sailed through the National Assembly with 102 of ...
Taing Vida
http://www.phnompenhpost.com/national/na-puts-brakes-rent-hikes
Russia pledges to boost trade ties with Cambodia, to consider debt relief
Newly appointed Ambassador of Russia to Cambodia Anatoly Borovik has pledged to further boost the trade relations and investment between the two countries, which are currently at a low level. ...
Khmer Times Staff
https://www.khmertimeskh.com/50773458/russia-pledges-to-boost-trade-ties-with-cambodia-to-consider-debt-relief/
Banteay Meanchey, northwest provinces brace for flash floods
The Ministry of Water Resources and Meteorology issued a warning that Cambodia will be affected by the Inter-Tropical Convergence Zone, a low-pressure system, from September 22-26 along the Dangrek mountains. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/banteay-meanchey-northwest-provinces-brace-flash-floods
Frustration brews as petrol prices soar 10% on-month
Retail fuel prices have been gradually increasing in recent weeks, adding another burden for low-income households whose finances have been hit hard by Covid-19. ...
Nov Sivutha
https://www.phnompenhpost.com/business/frustration-brews-petrol-prices-soar-10-month
PM pushes to close pension gaps
Prime Minister Hun Sen has told the Ministry of Economy and Finance to speed up the preparation of the budget to address the pension inequality of low-paid civil servants and veterans. ...
Lay Samean
https://www.phnompenhpost.com/national/pm-pushes-close-pension-gaps
Myanmar, Cambodia expedite talks on two trade cooperation deals
Citing low bilateral trade volume, Myanmar and Cambodia are expediting talks on two draft agreements to raise trade cooperation. Cambodian commerce minister Pan Sorasak recently called on the two sides for more discussions on economic and trade progress “within the regional and bilateral frameworks aimed ...
Khmer Times Staff
https://www.khmertimeskh.com/501081773/myanmar-cambodia-expedite-talks-on-two-trade-cooperation-deals/
New law drafted to address price dumping
Officials and trade experts discussed a new draft law at a conference in Phnom Penh yesterday that would allow the government to protect exporters against competitors abroad that engage in price dumping, or selling products at an extremely low price. Speaking on the sidelines of the ...
Union group slams NSSF fainting move
The Cambodian Confederation of Unions (CCU) on Saturday criticised the National Social Security Fund (NSSF) for a statement that said faintings caused by low levels of essential minerals in workers’ blood are to be classed as an accident and not put down to bad working ...
Yon Sineat
https://www.phnompenhpost.com/national/union-group-slams-nssf-fainting-move
Few S'pore-owned businesses in Cambodia: business owners
PHNOM PENH: There are about a hundred Singapore-owned businesses in Cambodia, mainly located in the capital, Phnom Penh. Many, who set up shop there, feel the numbers have stayed low because there is a perception that the country is not safe. In 2011, Singapore invested close ...
http://www.channelnewsasia.com/stories/economicnews/view/1254251/1/.html
New arbitration center president calls for court system’s support
The newly established National Commercial Arbitration Center (NCAC) may have been set up to allow businesses to settle disputes outside the court system, but it still needs support from judges and court officials to do its work effectively, its president said on Friday. Speaking at ...
Kang Sothear
http://www.cambodiadaily.com/business/new-arbitration-center-president-calls-for-court-systems-support-72408/
Inflation down as global oil prices ease off
Cambodia experienced low inflation of around 1 per cent over the last three months thanks to a decline in oil prices, according to the latest data from the National Institute of Statistics. Inflation went from 0.8 per cent in January to 1.2 per cent in February, ...
May Kunmakara
http://www.phnompenhpost.com/business/inflation-down-global-oil-prices-ease
Agriprocessors urged to take out loans and expand work
The state-run Agricultural and Rural Development Bank (ARDB) has called for small and medium enterprises (SMEs) to expand their agriculture-based processing productions and apply for low-interest rate emergency loans. ...
Chea Vannak
https://www.khmertimeskh.com/50720250/agriprocessors-urged-to-take-out-loans-and-expand-work/
More rain expected across Cambodia from today
More rain, from low to heavy, is expected to come across Cambodia, from today to August 11, according to the new forecast released Tuesday by the Ministry of Water Resources and Meteorology (MOWRAM). ...
Khmer Times Staff
https://www.khmertimeskh.com/50751858/more-rain-expected-across-cambodia-from-today/
Huadian helping Cambodia meet green transition goals
SOE produced more than 8.4 billion kilowatt-hours of clean power since launch of first unit in 2013. The 338-megawatt lower Stung Russei Chrum hydropower station located on the Stung Russei Chrum River in Koh Kong province, Cambodia, has been playing a key role in promoting ...
Khmer Times Staff
https://www.khmertimeskh.com/501089471/huadian-helping-cambodia-meet-green-transition-goals/
Debt ceiling still provides space for development
Cambodia’s public debt is still relatively low as a percentage of gross domestic product (GDP), at nearly 25 per cent, compared to the 40-per-cent threshold, affording the government ample fiscal space to borrow to develop the country, experts have said. ...
May Kunmakara
https://www.phnompenhpost.com/business/debt-ceiling-still-provides-space-development
UK, ADB to provide $134 million fund to help catalyse green financing in Southeast Asia
The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries, including Cambodia, to scale up ...
Khmer Times Staff
https://www.khmertimeskh.com/501108360/uk-adb-to-provide-134-million-fund-to-help-catalyse-green-financing-in-southeast-asia/
Crocodile Farmers Plagued by Volatile Market
Crocodile farmers are feeling the pinch after a year of volatile crocodile prices and market demand. Despite the spike in crocodile prices late last year – which followed on the heels of worrying lows between 2005 and 2007 – demand for the live exports of ...
More ICT investment needed: businessmen
CAMBODIA’S economy can “leapfrog” by developing its information and communications technology (ICT) industry, but the government is not spending enough on ICT infrastructure to attract private investments, business leaders said at a seminar in Phnom Penh yesterday. “What has been seen over the last 20 years ...
http://www.phnompenhpost.com/2013032264620/Business/more-ict-investment-needed-businessmen.html
Civil servant salaries to increase next month
The Cambodian government announced that it would increase the salaries of low-ranking civil servants to 320,000 Riel per month. The statement was issued by Prime Minister Hun Sen Tuesday. He said, 90,000 civil servants will benefit from the increase which will start in September. Recently the Ministry of ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmFmZGMzN2U3M2M