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Factory furloughs nearly 2,000 workers amid coronavirus

Nearly 2,000 garment workers are now in limbo after their employer You Li International Garment Co Ltd in Svay Rieng province’s Bavet city announced a suspension of operations as clothing orders dry up amid the coronavirus pandemic. ...

Sen David
https://www.khmertimeskh.com/50720608/factory-furloughs-nearly-2000-workers-amid-coronavirus/

GMAC demands all payment from buyers

The Garment Manufacturers Association (GMAC) in Cambodia has reiterated an appeal to buyers to source their goods from Cambodia as the economic situation becomes worse with nearly 200 factories suspending their operations because of the COVID-19 pandemic. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50719909/gmac-demands-all-payment-from-buyers/

CRF asks ministry for $30M increase to purchase paddy

The Cambodia Rice Federation (CRF) has asked the Ministry of Economy and Finance to disburse an additional $30 million through the state-owned Agricultural and Rural Development Bank (ARDB), its president Song Saran told The Post on Monday. ...

Thou Vireak
https://www.phnompenhpost.com/business/crf-asks-ministry-30m-increase-purchase-paddy

LDP warned by NEC over alleged violation

Khem Veasna, founder and president of the League for Democracy Party, has been issued a formal warning by the National Election Committee (NEC) today for allegedly violating election rules by continuing to campaign on Facebook despite the ban. ...

Andrew Nachemson
http://www.phnompenhpost.com/national/ldp-warned-nec-over-alleged-violation

Port operator’s IPO share price set near high tide mark

Sihanoukville Autonomous Port (SAP), the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) yesterday for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. ...

Cam McGrath
http://www.phnompenhpost.com/business/port-operators-ipo-share-price-set-near-high-tide-mark

Equipment sale ordered to pay wages

The Phnom Penh Municipal Court has issued a warrant for the temporary seizure of Top World Garment Cambodia Ltd’s property in order to get the employer to appear and find a solution for workers still owed their December salaries. ...

Sen David
http://www.phnompenhpost.com/national/equipment-sale-ordered-pay-wages

Kampong Chhnang journalist denies inciting villagers against military

The owner of a provincial radio station, Sok Oudom, maintained he had not incited villagers in Kampong Chhnang province against the military during his incitement trial on Tuesday, with a verdict expected on November 17. ...

Khuon Narim
https://cambojanews.com/kampong-chhnang-journalist-denies-inciting-villagers-against-military/

U.S. government support assists more than 2,500 flood-affected families in Pursat

The U.S. Embassy provided food assistance to over 2,500 flood-affected households in the Cambodian province of Pursat last week, funded by the U.S. Agency for International Development (USAID) and distributed through the United Nations World Food Programme (WFP). ...

Khmer Times Staff
https://www.khmertimeskh.com/50778961/u-s-government-support-assists-more-than-2500-flood-affected-families-in-pursat/

Two rare tree species identified in Keo Seima Wildlife Sanctuary

Two rare tree species believed to be endangered were discovered in Keo Seima Wildlife Sanctuary in the northeastern provinces of Mondulkiri and Kratie, according to an announcement released by the Wildlife Conservation Society in Cambodia (WCS Cambodia) on November 17. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/two-rare-tree-species-identified-keo-seima-wildlife-sanctuary

Micro, small, medium firms vital but need support: Report

Strengthening the dynamics of micro, small, and medium enterprises (MSMEs) with innovation and internationalisation will be key to revitalising Southeast Asian economies devastated by Coronavirus, according to a new report from the Asian Development Bank (ADB). ...

Sok Chan
https://www.khmertimeskh.com/50777691/micro-small-medium-firms-vital-but-need-support-report/

Indo-Pacific trade fair opens

Twenty leading Cambodian companies are set to participate in the third edition of the Indo-Pacific Business Forum (IPBF) on Wednesday to explore the potential business and investment opportunities that are available in the region. ...

May Kunmakara
https://www.phnompenhpost.com/business/indo-pacific-trade-fair-opens

Fiscal revenue growth revised down

The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3 percent of gross domestic product (GDP), down from the planned 0.5 percent increases as outlined in the original Revenue Mobilisation Strategy 2019-2023. ...

Harrison White
https://www.khmertimeskh.com/50777271/fiscal-revenue-growth-revised-down/

PPSP in legal dispute over power supply contract

Asiatic Group (Holdings) Ltd (AGHL), a Singapore Exchange listed company, has started arbitration proceedings against the Phnom Penh Special Economic Zone Plc (PPSP) seeking a minimum of $14.4 million in relief over a disputed power supply contract. ...

Harrison White
https://www.khmertimeskh.com/50785234/ppsp-in-legal-dispute-over-power-supply-contract/

Achieving energy efficiency crucial to Kingdom’s economy

As Cambodia’s demand for energy continues to increase year after year, experts are calling for the development and implementation of clear policy that encourages both the public and industry to play their part in practicing energy efficiency and conservation. ...

Jason Boken
https://www.khmertimeskh.com/50783204/achieving-energy-efficiency-crucial-to-kingdoms-economy/

NGO asks interior minister to lend a hand in Kampong Speu forest land protection

Anti-Corruption, Natural Resource Protection and Civil Rights Protection (ACNCIPO) director Chea Hean said on Monday he is requesting help from Minister of Interior Sar Kheng to protect more than 150ha in the Phnom Oral Wildlife Sanctuary.   ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/ngo-asks-interior-minister-lend-hand-kampong-speu-forest-land-protection

NGOs want access law to be adopted sooner

To mark the International Day for Universal Access to Information yesterday, 20 NGOs insisted the access to information law should be adopted soon, as the draft law is reportedly expected to be submitted to the Council of Ministers shortly. ...

Ry Sochan
https://www.khmertimeskh.com/50767472/ngos-want-access-law-to-be-adopted-sooner/

‘Endangered’ monkeys found in Mondulkiri

The Wildlife Conservation Society (WCS) revealed on Tuesday the discovery of over 20,000 endangered black-shanked douc langurs and about 1,200 endangered yellow-cheeked crested gibbons in Cambodia, mostly in Mondulkiri province’s Keo Seima Wildlife Sanctuary.​ ...

Voun Dara
https://www.phnompenhpost.com/national/endangered-monkeys-found-mondulkiri

‘Uncertainty’ remains over economic outlook

The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. ...

Harrison White
https://www.khmertimeskh.com/50767885/uncertainty-remains-over-economic-outlook/

Hunt for military captain in Kampong Speu timber crime case

Kampong Speu provincial authorities are on the hunt for Choeung Theng, a military officer allegedly connected to 191 pieces of illegally acquired timber which police found concealed in Oral district’s Sangke Satoap commune. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/hunt-military-captain-kampong-speu-timber-crime-case

Cambodia-Japan trade increases to $885 million in first five months

Trade between Cambodia and Japan reached $884.9 million from January to May 2020, down 3.8 percent year-on-year. Statistics from Japan External Trade Organisation (JETRO) show that during the first five months of this year. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50748228/cambodia-japan-trade-increases-to-885-million-in-first-five-months/

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