World Bank financing will strengthen learning, access to education in Cambodia
The World Bank has approved financing, along with a grant from The Global Partnership for Education, will provide $69.25 million in new funding to help Cambodia improve equitable access to basic education and respond rapidly to crises affecting The education system. ...
Khmer Times Staff
https://www.khmertimeskh.com/501010317/world-bank-financing-will-strengthen-learning-access-to-education-in-cambodia/
Diversification key to economic growth: World Bank
Cambodia was among the Greater East Asian countries hardest hit by the Covid-19 pandemic. However meaningful steps to spur domestic investment, greater productivity among businesses and workers, and a more diversified export portfolio will be key to regain sustained economic growth, according to the World ...
May Kunmakara
https://www.phnompenhpost.com/business/diversification-key-economic-growth-world-bank
Longan exports to China soon
The agriculture ministry has urged longan growers and relevant private sector companies to register Their plantations and packaging plants “as soon as possible” to be able to export The fruit to China, as negotiations on The export process reach Their final stages. ...
Hom Phanet
https://www.phnompenhpost.com/business/longan-exports-china-soon
Manet responds to NYC billboard
Prime Minister Hun Manet has extended his gratitude to David Soth, a Cambodian resident in the US, for coordinating with an advertising company to display welcoming images on billboards in the US’ New York City, during his attendance at the 78th UN General Assembly. ...
Kim Yutharo
https://www.phnompenhpost.com/national/manet-responds-nyc-billboard
Rice showcased at German expo
Hopes are high among the Cambodia Rice Federation (CRF) and leading industry players that the country’s fragrant and organic rice could expand its European market presence, following the Anuga Food Trade Fair 2023 in Cologne, Germany. ...
May Kunmakara
https://www.phnompenhpost.com/business/rice-showcased-german-expo
UN vows support to gov’t for five-year development
The UN in Cambodia expressed support for The government’s efforts to effect economic, environment and social transformation, to be detailed in The UN Development Assistance Framework (UNDAF) which will be signed after a new government has been formed, according to a senior official. ...
Samban Chandara
https://www.phnompenhpost.com/national/un-vows-support-govt-five-year-development
Cambodia-Indonesia trade logs nearly two-fold on-year increase
Indonesia was perhaps the brightest spot in Cambodia’s merchandise trade over January, with formal imports from and exports to the archipelago nation collectively clocking in at $88.045 million, marking a 95.87 per cent increase over the same month in 2022, according to Customs (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-indonesia-trade-logs-nearly-two-fold-year-increase
NEC, Oz envoy talk election preparations
Australian ambassador Justin Whyatt on May 5 met with National Election Committee (NEC) chairman Prach Chan to discuss preparations for the July 23 national elections. During the meeting, Whyatt recounted his mission to Cambodia between 2002 and 2003 to observe the commune council and general elections. ...
Kim Yutharo
https://www.phnompenhpost.com/national/nec-oz-envoy-talk-election-preparations
Rice firm plans Mondulkiri expansion
Prominent locally-owned rice miller and exporter Amru Rice (Cambodia) Co Ltd plans to set up facilities in Mondulkiri province, sourcing the grain required for production from nearby smallholder farmers to ensure remunerative prices for the staple crop, according to the company’s founder and director-general Song ...
Hin Pisei
https://www.phnompenhpost.com/business/rice-firm-plans-mondulkiri-expansion
Stricter rules for Mekong river dolphin sanctuaries
The government has issued a sub-decree designating Mekong River Dolphin Management Areas in Stung Treng and Kratie provinces to protect and conserve The freshwater dolphins, while environmental and civil society officials said The sub-decree will make law enforcement more effective and may help increase Their ...
Chea Sokny
https://www.phnompenhpost.com/national/stricter-rules-mekong-river-dolphin-sanctuaries
CBC’s CEO talks digitalization, alternative data and financial health checks
Cambodia cemented itself as a regional leader in the finance sector when the nation signed a deal with Singapore in March to exchange consumer credit information. This marked the region’s first cross-border initiative between two countries’ credit bureaus. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-cbcs-ceo-talks-digitalization-alternative-data-and-financial-health-checks
Cambodia’s local trade finance market estimated at $1.6B
The Kingdom’s local trade finance market currently stands at $1.6 billion and improving access to affordable trade finance could increase imports and exports by up to nine percent, according to The latest study conducted by The International Finance Corporation (IFC). ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501412155/cambodias-local-trade-finance-market-estimated-at-1-6b/
UN holds annual dialogue with PM
The United Nations Country Team (UNCT) engaged in its first annual dialogue with Prime Minister Hun Manet to discuss The UN body’s achievements in The country, climate change, gender equity and women’s empowerment, leave no-one behind and international human rights standards. ...
Marissa Carruthers
https://kiripost.com/stories/un-holds-annual-dialogue-with-pm
More Concessions Granted in Protected Areas
Six additional economic land concessions have been granted, totaling 46,000 hectares in protected areas. As a means to spur agribusiness companies the concessions include two in Phnom Aural Wildlife Sanctuary in Kompong Speu province. Prime Minister Hun Sen signed in the grants on June 3 ...
Chinese investment in Cambodia to diversify into SME finance
Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade Development ...
Sangeetha Amarthalingam
https://www.khmertimeskh.com/50555620/chinese-investment-in-cambodia-to-diversify-into-sme-finance/
‘Only few people seek medical help abroad’
Health Minister Mam Bun Heng said on Tuesday that not many people in the Kingdom go abroad for medical treatment. He was replying to a statement that said Cambodians tended to go to hospitals in Thailand, Vietnam, Singapore, India, China, and other countries for the ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/only-few-people-seek-medical-help-abroad
PM departs on European tour
Prime Minister Hun Sen has left for his European tour, which will include attending an Asia-Europe meeting organised by the EU. Departing at 12:20am, he will lead a delegation at the 12th Asia-Europe Meeting (Asem) on Thursday and Friday in Brussels, Belgium. ...
Ben Sokhean
https://www.phnompenhpost.com/national/pm-departs-european-tour
Ethnic cultural centre in land dispute
A Bunong ethnic community representative on Tuesday claimed Mondulkiri provincial officials have not begun measuring land for the Hill Tribes Cultural Centre in the Phnom Dos Kramom mountain area even though they had received an order to do so from Prime Minister Hun Sen late ...
Khorn Savi
https://www.phnompenhpost.com/national/ethnic-cultural-centre-land-dispute
Garment factories close amid political uncertainty
Political uncertainty in Cambodia has forced the garment and footwear industry to look to alternative countries to meet production needs, forcing more than 70 factories to close and a sharp drop in orders, a senior official from the Garment Manufacturers Association in Cambodia (GMAC) said ...
Sok Chan
http://www.khmertimeskh.com/news/28810/garment-factories--close-amid-political-uncertainty/
US to provide $125M for Acleda financing
The Overseas Private Investment Corporation (OPIC), The US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium-size enterprises (SMEs), Acleda Bank said in a press release yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/us-provide-125m-acleda-financing