ASEAN affected by slowdown
The IMF World Economic Outlook (WEO) forecasts that uncertainty surrounding growth in advanced economies will slightly affect the growth of some ASEAN nations, particularly low-income countries such as Cambodia. A senior IMF official told reporters on the sidelines of the fund’s annual meeting yesterday that some ASEAN economies relying heavily ...
No plan to reopen entertainment venues now, health minister says
The Ministry of Health is still not clear about a plan to reopen some business, particularly KTVs, which were closed because of Covid-19. Even though the situation appears to be under control, the ministry is asking citizens to be patient a little longer. ...
Long Kimmarita
https://www.phnompenhpost.com/national/no-plan-reopen-entertainment-venues-now-health-minister-says
JETRO survey shows Cambodia may miss out on Japanese firms shifting focus to Southeast Asian nations
A rising number of Japanese companies are expanding business in Southeast Asia, according to the Japan External Trade Organization (JETRO). However, to date, there has been hardly any concrete information on how many of the Japanese entities have targeted Cambodia for relocation although both Japan ...
Chimphu.VN/Capital Cambodia
https://www.khmertimeskh.com/50755553/jetro-survey-shows-cambodia-may-miss-out-on-japanese-firms-shifting-focus-to-southeast-asian-nations/
$500K investment for SMEs to improve e-commerce
A $500,000 investment will go towards 125 small and medium sized businesses set to gain grants and training in online commerce according to a joint press release by the Ministry of Commerce of the Kingdom of Cambodia, the Enhanced Integrated Framework (EIF) and the UN ...
Khmer Times Staff
https://www.khmertimeskh.com/50798664/500k-investment-for-smes-to-improve-e-commerce/
Six MDIs ideal for financial progress: experts
The central bank’s decision to stop issuing new business licences to microfinance deposit-taking institutions (MDI) and encourage mergers among existing banking and financial institutions is a viable strategy that will help strengthen the Cambodian financial sector and is in line with current economic growth trends, ...
Hin Pisei
https://www.phnompenhpost.com/business/six-mdis-ideal-financial-progress-experts
Int’l trade rises as commerce ministry lays out 2023 plans
Cambodia’s 9.19 per cent on-year rise in foreign trade value to the $52.425 billion logged by Customs for 2022 was driven by “in-depth reforms in all areas”, improvements in export competitiveness, and an increasingly favourable business and investment environment, according to Minister of Commerce Pan ...
Hin Pisei
https://www.phnompenhpost.com/business/intl-trade-rises-commerce-ministry-lays-out-2023-plans
Starting Blocks: Cambodia Races to Prepare Kingdom for 2023 SEA Games
Vath Chamroeun is a busy man with daunting challenges. As secretary general of the Cambodian SEA Games Organizing Committee (CAMSOC), he is one of the main officials in charge of making sure the Kingdom is ready to host the 2023 Southeast Asian Games — and ...
Try Thaney
https://cambojanews.com/starting-blocks-cambodia-races-to-prepare-kingdom-for-2023-sea-games/
Jan-Aug Japan trade surges 17%
Bilateral trade between Cambodia and Japan in the first eight months of 2022 rose by more than one-sixth on-year, in a trend expected to carry into the foreseeable future, largely driven by agricultural exports from the Kingdom. Still, the business community is calling for greater ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-aug-japan-trade-surges-17
Gov’t to intervene informal economy affected by inflation, says PM
The government on Wednesday approved a new mechanism to intervene in the informal economy by providing cash to Cambodian households who run informal businesses that are affected by inflation by November 2022 amid Russia’s ongoing invasion of Ukraine and sanctions, said Prime Minister Hun Sen ...
Kang Sothear
https://www.khmertimeskh.com/501164008/govt-to-intervene-informal-economy-affected-by-inflation-says-pm/
Kingdom seeks United States investment in health sector
Cambodia urged the US-ASEAN Business Council to explore the possibility of investing in the health sector and private hospitals in the Kingdom. Boun Sarakmoni, Secretary of State, in a meeting also told the visiting delegates to consider investing in the processing and packaging of agricultural ...
Hong Sovannary
https://www.khmertimeskh.com/501247706/kingdom-seeks-united-states-investment-in-health-sector/
Sihanoukville investors seeking ‘special benefits’ can apply now
Business people and investors who wish to receive ‘special benefits’ as part of the newly launched special programme to promote investments in Preah Sihanouk Province can file their applications now before the Preah Sihanouk Investment Promotion Working Group, according to a statement issued by the ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501437050/sihanoukville-investors-seeking-special-benefits-can-apply-now/
Visa launches SMB Online Toolkit to enable tourism merchants to maximise benefits of contactless payments
Visa, a world leader in digital payments, is introducing resources to help Cambodian merchants and tiny and medium-sized businesses (SMBs) take full advantage of Visa’s digital payment solutions to optimize the customer shopping experience and increase sales, particularly in the tourism sector. ...
Khmer Times Staff
https://www.khmertimeskh.com/501486613/visa-launches-smb-online-toolkit-to-enable-tourism-merchants-to-maximise-benefits-of-contactless-payments/
U.S. reprimands Cambodia’s trafficking, online scam response: report
Cambodia was ranked lowest for its response to human trafficking by the U.S. for the third year in a row, with a new report saying that Cambodian officials have not done enough – and in some unnamed cases, have been complicit – in human trafficking ...
Mech Dara and Danielle Keeton-Olsen
https://cambojanews.com/u-s-reprimands-cambodias-trafficking-online-scam-response-report/
ODC participated in Barcamp Angkor
Barcamp Angkor 2017 took place on September 09-10, at Build Bright University, in Siem Reap province. The principle of the camp is to empower young Cambodian minds with speakers sharing their entrepreneurial, tech or digital experiences. Attendees will still have the ability to speak directly ...
Oil transport
Despite having both onshore and offshore oil discoveries in the country, Cambodia does not produce oil and has been importing petroleum products from Vietnam, Thailand and Singapore. The Cambodia Trucking Association (CAMTA) says it controls around 70% of the Kingdom’s transportation. ...
CNRP to Forge Ahead With ‘Camp-In’ Despite Prohibition
The opposition CNRP said Thursday it is forging ahead with plans to hold a three-day demonstration, which the party has dubbed a “camp-in,” despite a letter from the Ministry of Interior that says the protests can only go on for one day. The Interior Ministry letter, ...
Colin Meyn
http://www.cambodiadaily.com/elections/cnrp-to-forge-ahead-with-camp-in-despite-prohibition-42242/
Kingdom inflation rises on oil prices
Inflation in Cambodia rose 5.8 per cent year-on-year in January, according to figures from the National Institute of Statistics. Rising fuel costs had spurred the inflation, which was felt largely in the price of food, officials said. Data showed food and non-alcoholic beverage prices in January increased ...
French Scholar ‘Shocked’ Over Damage to Riverside Home
Leaning over the railing on the roof of the Khmeroyal Hotel along Phnom Penh’s Sisowath Quay, 54-year-old scholar and long-time Cambodian resident Oliver de Bernon peered across at his crumbing riverfront apartment yesterday. Residents of the block between streets 178 and 184 on Sisowath Quay ...
After razing of Boeng Kak homes, outrage lingers
Opposition party members and a human rights group yesterday condemned the demolition of eight homes and businesses at Phnom Penh’s Boeng Kak lake on Friday, calling the act a violation of the law. Two excavators belonging to Shukaku Inc tore down homes as riot police pushed ...
Ride-hailing firm eyes Cambodia
Aiming to disrupt the thriving local ride-hailing market with a new business model, Belarus-based Onde recently announced its intention to enter Cambodia. In an interview with Khmer Times, a representative of the startup said they provide the software entrepreneurs need to run their own taxi ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50658936/ride-hailing-firm-eyes-cambodia/