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Economy to grow 5.5% in 2023, says NBC

Cambodia’s GDP is expected to grow by 5.5 percent with a low inflation rate of two percent in 2023, due to external factors and the re-opening of the economy. ...

Mao Sreypich
https://kiripost.com/stories/national-bank-cambodia-economy-to-grow-5-point-5-2023

Govt may sell medical services to Cambodia

The government will likely sell a Japanese-style medical service to Cambodia in a package that includes an emergency care center, a medical graduate school and an insurance system. The government has decided to seek a market for the medical service in emerging nations in the Association ...

The Japan News Staff
http://the-japan-news.com/news/article/0000762523

Factory for named brands slammed for faintings

Low wages and a lack of occupational health and safety measures led to a mass fainting on Tuesday at a Phnom Penh garment factory that produces clothes for well-known brands Wal-Mart, Target and Reebok, according to a statement released by the Community Legal Education Center ...

Chinese bring sight to Kampong Cham

A team of more than 30 doctors and nurses from Hainan province in China have spent the last four days at Kampong Cham provincial hospital removing cataracts from low-income patients. Kang Baiying, a team member and a Hainan provincial official, said her team had been on ...

Ros Chanveasna
http://www.khmertimeskh.com/news/29329/chinese-bring-sight-to-k-cham/

Bank Accounts Rare in Cambodia, Even for Rich

Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...

http://www.cambodiadaily.com/business/bank-accounts-rare-in-cambodia-even-for-rich-6957/

ELC earnings underwhelm

The Cambodian government earned about $80 million leasing economic land concessions and forests to private companies over the last three years, according to a report from the Ministry of Economy and Finance released last week. The January report, signed by Prime Minister Hun Sen, found that ...

May Kunmakara
http://www.phnompenhpost.com/business/elc-earnings-underwhelm

Cambodia, Timor-Leste to boost economic cooperation

Because trade between Cambodia and Timor-Leste remains low, the governments of both nations have decided to work towards boosting bilateral economic and business activities, according to a statement from the Ministry of Foreign Affairs and International Cooperation. ...

Sok Chan
https://www.khmertimeskh.com/50819248/cambodia-timor-leste-to-boost-economic-cooperation/

Cash benefits paid out to over 5,000 women who gave birth in May

In the first five months of this year, the government provided 10 billion riel ($2.46 million) through the National Social Security Fund (NSSF) to 25,867 low-income female workers who gave birth to 26,057 babies. ...

Mom Kunthear
https://www.phnompenhpost.com/national/cash-benefits-paid-out-over-5000-women-who-gave-birth-may

Document suggests state land sale to tycoon at discount Price

Hundreds of hectares in Mondulkiri were sold to a major tycoon’s family for as low as 600 riel per square meter, a government document suggests, and is facing protests from existing residents. ...

Mech Dara
https://vodenglish.news/document-suggests-state-land-sale-to-tycoon-at-discount-price/

Plastic campaign aims to promote tourism industry

After noticing Cambodia’s tourism sites became plagued with plastic waste during Covid-19 and with foreign visitors remaining low compared with neighboring countries, tour operator Jacques Guichandut decided to take action. ...

Meas Molika
https://kiripost.com/stories/plastic-campaign-aims-to-promote-tourism-industry

Child labor drains Kingdom

Child labour was draining the Kingdom’s brainpower and adversely affecting 750,000 of its children, officials at the Ministry of Agriculture, Forestry and Fisheries said yesterday. Speaking at a three-day conference on child agricultural labour, Kaing Khim, deputy director-general of fisheries administration at the MAFF, said ...

http://www.phnompenhpost.com/index.php/2012022354686/National-news/child-labour-drains-kingdom.html

Mixed outlook for this year’s catch of trey riel

The season for making prahok, the fermented fish paste that is a staple of the Cambodian diet, has opened this month amid mixed forecasts for the annual catch.Prahok production, which fuels the Kingdom’s largest annual fish harvest, sustains the incomes of thousands of Cambodians, particular ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/mixed-outlook-years-catch-trey-riel

Ministry warns of possible flooding

The Ministry of Water Resources and Meteorology yesterday warned local authorities and people throughout the country to pay close attention and use caution as heavy rain, which could lead to flooding, was expected throughout the country this week. Water Resources and Meteorology Minister Lim Kean Hor ...

Mom Kunthear
http://www.khmertimeskh.com/news/29658/ministry-warns-of-possible-flooding/

Drought spawns fish fears

Fishing communities along two of Cambodia’s principle rivers say their livelihoods are threatened by droughts that have reduced water levels and devastated fish numbers.“The Tonle Sap is 3 metres lower than last year,” Long Sochhet, president of the Coalition of Cambodian Fishing Communities, said yesterday. ...

Khouth Sophak Chakrya and Jamie Elliott
http://www.phnompenhpost.com/national/drought-spawns-fish-fears

Myanmar Airways Suspends Flights to Cambodia

Myanmar Airways has temporarily suspended direct flights from Rangoon to Siem Reap and Phnom Penh due to low passenger numbers, an official at the State Secretariat of Civil Aviation (SSCA) said yesterday. “We don’t know how long they will suspend operations, but when they get ...

Flash Floods, Heavy Rains Expected in 14 Provinces This Week

The government warned residents of 14 provinces yesterday to take precautions against possible flash floods caused by heavy rain, while the homes of almost 1,000 families have already been flooded in Banteay Meanchey province. The Ministry of Water Resources and Meteorology issued a statement yesterday calling ...

Slow outlook for 2012 rice exports

Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments. The cost of shipping rice to Europe climbed by more than 50 per cent between ...

http://www.phnompenhpost.com/index.php/2012051756213/Business/slow-outlook-for-2012-rice-exports.html

Banks Look to Offer Services Using Renminbi

Banks here are trying to take advantage of a growth in Chinese investment by launching services that will allow payments from local banks to be made in China’s currency, the renminbi. Grant Knuckey, CEO of ANZ Royal Bank, said that because of a growing number of ...

Opposition Questions Shortcoming in Government Revenue

The National Assembly on Friday passed a law approving the government’s revenue and spending in 2011, drawing criticism from the opposition, which claimed the amount taken in by the government during the period was too low. All 77 CPP lawmakers present voted in favor of the ...

http://www.cambodiadaily.com/news/opposition-questions-shortcomings-in-government-revenue-8468/

Local brokers still manipulate prices: farmers

Farmers have expressed concern over local brokers’ manipulation of the market during harvest season, reducing buying prices for farmers who have no access to actual market rates. While some farmers have already completed their harvests, others have left their fields barren, fearing brokers will reduce ...

http://www.phnompenhpost.com/Business/local-brokers-still-manipulate-prices-farmers.html

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