Jobs saved as factories obtain raw materials
The garment and footwear industries in the Kingdom have been given a new lease of life, thanks to the arrival of raw materials from China. ...
Thou Vireak
https://www.phnompenhpost.com/national/jobs-saved-factories-obtain-raw-materials
COVID-19 cases double to 24
The Health Ministry has detected 12 new cases of COVID-19 in Phnom Penh and five other provinces, bringing the Kingdom’s total to 24. ...
Khuon Narim
https://www.khmertimeskh.com/50702670/covid-19-cases-double-to-24/
Preah Ang Duong hospital starts building $8 million ENT wing
Preah Ang Duong hospital in the capital on Saturday held a ground breaking ceremony for a new building costing $8million, funded by the Korea International Cooperation Agency, to provide specialised treatment for people with ear, nose and throat problems. ...
Sen David
https://www.khmertimeskh.com/50704588/preah-ang-duong-hospital-starts-building-8-million-ent-wing/
Absent workers during KNY must go on 14 days unpaid leave and mandatory self-quarantine
A senior official at the Ministry of Labour and Vocational Training (MoLVT) said that the workers who go on unpaid leave during the cancelled Khmer New Year will have to undergo mandatory 14 days self-quarantine if they breach the government’s sub-decree. ...
Prime Minister reiterates, strenuously for social distancing to be continued
Prime Minister Hun Sen advised the public yet again to stay away from crowded places to prevent the spreading of COVID-19 infection after two new cases have been reported in the Kingdom. ...
Prudential granted approval by ministry
Prudential Corporation Asia yesterday received “in-principle” approval from the Ministry of Economy and Finance to establish a foreign-owned life insurance operation in the country, an official statement from the company said. The announcement comes after Canadian life insurance giant Manulife on Thursday made public plans for ...
http://www.phnompenhpost.com/index.php/2012070357155/Business/prudential-granted-approval.html
‘SME Development Policy’ drafted for approval
A draft development policy for Small and Medium Enterprise (SME) and a new SME definition has been sent to the Ministry of Economy and Finance’s Economic and Financial Policy Committee (EFPC) for review and approval, according to a senior official. ...
Sok Chan
https://www.khmertimeskh.com/50716393/sme-development-policy-drafted-for-approval/
Coronavirus brings trouble to Cambodia’s garment industry
Hundreds of garment factories in Cambodia and elsewhere in Asia are facing serious financial problems because clothing brands have either canceled their orders or stopped placing new ones over the past several weeks. ...
Khmer Times Staff
https://www.khmertimeskh.com/50718817/coronavirus-brings-trouble-to-cambodias-garment-industry/
Practice for grade-12 test goes online
The Ministry of Education next week will launch a new online system for students to practice for the high-stakes grade-12 national exam, though one observer noted it would do little to help students who lack internet access. ...
Sen David and Yesenia Amaro
http://www.phnompenhpost.com/national/practice-grade-12-test-goes-online
Cambodia to get more downpours from today
More rain is expected to come across Cambodia, from Wednesday, Aug. 26 to Sept. 1, according to the new weather forecast released this morning by the Ministry of Water Resources and Meteorology (MOWRAM). ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50756964/cambodia-to-get-more-downpours-from-today/
Move to unify non-banking finance regulators
A new non-banking financial services draft law designed to combine all non-banking regulators has been sent for legislative approval by Prime Minister Hun Sen during his most recent council of ministers meeting. ...
Kuch Nithatevy
https://www.khmertimeskh.com/50763856/move-to-unify-non-banking-finance-regulators/
Prolonged VAT exemptions to benefit farmers
As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. ...
Thou Vireak
https://www.phnompenhpost.com/business/prolonged-vat-exemptions-benefit-farmers
Power grid upgrades expand service, improve reliability
State-run electricity utility Electricite du Cambodge (EDC) has inaugurated a new substation and 230kV high-voltage transmission line in Tbong Khmum province as part of the government’s efforts to promote electrical-grid stability for the public and industries. ...
Thou Vireak
https://www.phnompenhpost.com/business/power-grid-upgrades-expand-service-improve-reliability
Management of Cambodian local funds under transparency review
The Asia Foundation and Silaka with support from the New Zealand Ministry of Foreign Affairs and Trade this week launched a three-year project to promote the transparent and accountable management of local funds in Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50813450/management-of-cambodian-local-funds-under-transparency-review/
$2.4 million bag and shoe factory gets CDC’s nod
The Council for the Development of Cambodia (CDC) has approved a new garment factory in Kandal province. Auspicious Bag and Shoes Accessories Co Ltd is investing $2.4 million in the project at Kraing Makak in Ang Snuol district. ...
Michael Firn
https://www.khmertimeskh.com/50920851/2-4-million-bag-and-shoe-factory-gets-cdcs-nod/
$30 million ADB financing to support Cambodia’s COVID-19 response
The Asian Development Bank (ADB) has approved $30 million in financing to help strengthen Cambodia’s health system amid a surge in new infections and sustained community transmission of the coronavirus disease (COVID-19), said ADB in a press release. ...
Khmer Times Staff
https://www.khmertimeskh.com/50948240/30-million-adb-financing-to-support-cambodias-covid-19-response/
Oz study plants roots for nine crops
The Cambodia-Australia Agricultural Value Chain (Cavac) programme on August 25 released a study identifying nine high-value crops with strong export potential in China, the EU, ASEAN, Australia and New Zealand. ...
Thou Vireak
https://www.phnompenhpost.com/business/oz-study-plants-roots-nine-crops
CDC endorses 12 projects worth over $79M as of Aug 23
The Council for the Development of Cambodia (CDC) has approved final registration certificates for 12 projects with capital investment of over $79 million this month as of August 23, which could generate a reported 4,048 new jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-endorses-12-projects-worth-over-79m-aug-23
Oz pledges $66M for economic resilience
Australia plans to provide about A$90 million (US$66 million) in funding to Cambodia for a new bilateral project dubbed “Resilience Economic Development”, according to the Council for the Development of Cambodia (CDC) on September 15. ...
Thou Vireak
https://www.phnompenhpost.com/business/oz-pledges-66m-economic-resilience
South Korea FTA set to be signed Oct 26
The Cambodia-South Korea Free Trade Agreement (CKFTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official. ...
May Kunmakara
https://www.phnompenhpost.com/business/south-korea-fta-set-be-signed-oct-26
