Draft budget law allocates $2.6bn for 2012
Total government spending in 2012 is set to reach $2.62 billion, an increase of 9 percent on the $2.4 billion the government had budgeted to spend in 2011, according to a copy of the 2012 draft budget law obtained yesterday. As part of the new budget, ...
S&P downgrades national sovereign debt rating
Ratings agency Standard & Poor’s yesterday lowered Cambodia’s long-term sovereign credit rating by one notch to B due to the country’s continued inability to diversify its economy and increase government spending. The decision by Standard & Poor’s comes after the agency said in September that constraints ...
UAE considering Kingdom's rice
Cambodia plans to expand its exports of milled rice and other agricultural products to the United Arab Emirates, Minister of Commerce Cham Prasidh said yesterday. The UAE seeks a replacement for the milled rice it would otherwise import from Thailand, where the worst flooding in decades ...
Cambodia among most deforested countries
Cambodia has one of the world’s highest rates of deforestation, ranking ninth among 180 countries in terms of forest loss during the past decade, according to a new study, which said that economic land concessions and illegal logging were the primary cause for the demise ...
Cambodia steps up fight against climate change
Considered one of the most vulnerable countries in the world to the effects of climate change, the Royal Government of Cambodia is taking major steps to improve its resilience and reduce its disaster risk with support from the UN Office for Disaster Risk Reduction. To ...
Omar H. Amach
https://www.unisdr.org/archive/64687
Key commerce laws to be passed this year
A raft of new laws to boost the local economy is in the pipeline and will be passed before the end of the year, according to a senior public official. Mao Thora, secretary of state at the Ministry of Commerce, told Khmer Times on Tuesday that the E-commerce ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50622358/key-commerce-laws-to-be-passed-this-year/
Investment in construction hits $6.5 billion: Ministry
Investment in construction in the Kingdom reached a new high during the first nine months of the year, amounting to $6.5 million, according to the latest government report. From January to September, investment in the sector grew by 34.7 percent compared with the same period last ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50652396/investment-in-construction-hits-6-5-billion-ministry/
Digital economy needs 10 years
Cambodia’s digital economy remains at a nascent stage and will need at least 10 years to grow and aim for a technology-driven economy, said Minister of Economy and Finance Aun Pornmoniroth. Speaking at the national consultation workshop on Policy and Direction of Cambodia’s Digital Economy ...
Hor Kimsay
https://www.phnompenhpost.com/business/digital-economy-needs-10-years
Senators approve 2019-2023 development plan, power projects
Senators yesterday unanimously agreed to pass the National Strategic Development Plan of 2019-2023 worth $57.7 billion in capital. In order for the budget plan to be finalised, it will need to be reviewed by the Constitutional Council and approved by the King. The vote was held ...
Ben Sokhean
https://www.khmertimeskh.com/50623286/senators-approve-2019-2023-development-plan-power-projects/
Time schedule for visit of Angkor temples from January 2016
The Authority for the Protection and Management of Angkor and the Region of Siem Reap (APSARA) has set a time schedule for the visit of tourists in the Angkor Archeological Park, reported the state news agency-AKP.The new time schedule, taking effect from Jan. 1, 2016, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/time-schedule-for-visit-of-angkor-temples-from-january-2016-9056
Indian mining firm prepares to dig deep in Ratanakiri
The Ministry of Mines and Energy is set to issue the country’s first commercial underground mining license to Indian company Mesco Gold in two weeks, despite opposition by residents of two villages concerned about compensation and environmental damage. The company plans to break ground on its ...
Aisha Down and Kang Sothear
https://www.cambodiadaily.com/news/indian-mining-firm-prepares-dig-deep-ratanakkiri-117474/
Hun Sen hopes days of post-election protests are finished
The three-month voter registration period opened on Thursday, with Prime Minister Hun Sen telling reporters after enrolling at his local commune office that he hopes the new voter registry will put an end to post-election protests. After the July 2013 national election, the CNRP refused to ...
Khuon Narim and Alex Willemyns
https://www.cambodiadaily.com/news/hun-sen-hopes-days-post-election-protests-finished-117491/
Election officials brace for Pchum Ben rush
Commune offices around the country are bracing for a surge in voter registrations over the Pchum Ben holiday that could become a make-or-miss moment in building the foundation for upcoming elections. After nearly a month of registrations, the National Election Committee reported on Tuesday that 3.5 ...
Michael Dickison and Ben Sokhean
https://www.cambodiadaily.com/news/election-officials-brace-pchum-ben-rush-118530/
Time’s up for MDG targets
As the United Nations meets this week to draw up a new set of sustainable development benchmarks, the era of the body’s landmark Millennium Development Goals (MDGs) is coming to a close, with some wondering – in spite of gains – what efficacy such targets ...
Zoe Holman
http://www.phnompenhpost.com/national/times-mdg-targets
TPP puts Cambodia’s trade, investment in the spotlight
The conclusion of the Trans-Pacific Partnership agreement has industry insiders in Cambodia split over whether or not the new pact will limit the Kingdom’s trade growth potential in the US market and see future investments diverted to Vietnam.Ending a long-drawn negotiation process that lasted five ...
Ananth Baliga
http://www.phnompenhpost.com/business/tpp-puts-cambodias-trade-investment-spotlight
Firm registry moves online
Local and foreign firms looking to register their business in Cambodia can now do it from any internet-connected device after the Ministry of Commerce yesterday launched its long-awaited online business registration portal.The new, paperless system enables prospective businesses to search for a company name, upload ...
Ananth Baliga
http://www.phnompenhpost.com/business/firm-registry-moves-online
Capital’s airport soars to 3 million passenger mark
Phnom Penh International Airport set a new record for passenger traffic yesterday afternoon, breaking the 3 million mark in one year for the first time since it reopened after the fall of the Khmer Rouge, according to a press release from Cambodia Airports, the French-owned ...
May Kunmakara
http://www.khmertimeskh.com/news/19099/capital---s-airport-soars-to-3-million-passenger-mark/
First mine licensed to draw gold
In a milestone for Cambodia’s nascent mining industry, the government has issued the first commercial mining licence to Mesco Gold, giving the Indian mining firm a green light to extract and process ore at its gold project in Ratanakkiri province, industry sources said yesterday. The landmark ...
Cam McGrath
http://www.phnompenhpost.com/business/first-mine-licensed-draw-gold
Authorities threaten protesting unionists with crackdown
A police official in Kompong Speu province said Thursday that the military might confront garment workers protesting the arrests of two colleagues if they did not stop demonstrating outside provincial government buildings.Around 600 workers from the Hong Kong-owned Agile Sweater factory protested outside the provincial ...
Ben Sokhean
https://www.cambodiadaily.com/news/authorities-threaten-protesting-unionists-with-crackdown-98060/
Smartphone ownership exploded since ’13: study
The number of Cambodians who own at least one smartphone has almost doubled since 2013, helping put the Kingdom on track to having more than half of its population accessing the web in about a year, according to a new study.Almost 95 per cent of ...
Charles Rollet
http://www.phnompenhpost.com/national/smartphone-ownership-exploded-13-study