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Cambodia approves $10 mn investment projects, creating almost 3,000 jobs

Two new investment projects worth over $10 million have been approved by the Council for the Development of Cambodia (CDC). The investment projects involve establishing a garment factory and a packaging factory, creating over 2,900 jobs. ...

Khmer Times Staff
https://www.khmertimeskh.com/501279587/cambodia-approves-10-mn-investment-projects-creating-almost-3000-jobs/

ThaiQR accessible at 1.5m Cambodian retailers

Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...

Yatt Malai
https://kiripost.com/stories/thaiqr-accessible-at-150m-cambodian-retailers

PM recommends reconstruction of Coalition of Cambodian Farmer Community

Prime Minister Hun Sen has called on the Coalition of Cambodian Farmer Community (CCFC) to resume and drop three charges against employees of the institution after the Ministry of Interior temporarily suspended operations earlier this month. ...

Khuon Narim
https://khmer.cambojanews.com/pm-hun-sen-calls-for-reinstatement-of-ccfc/

Some 1,500 Bantengs counted in Cambodia

Around 1,500 Bantengs (Bos Javanicus) listed on the International Union for Conservation of Nature (IUCN)’s Red List of Threatened Species have been recorded in Cambodia’s forests. ...

Khmer Times Staff
https://www.khmertimeskh.com/501314869/some-1500-bantengs-counted-in-cambodia/

CDC green lights 15 projects worth nearly $220 million

The Cambodian Special Economic Zone Board (CSEZB) and Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) have approved 15 investment projects worth $218.3 million with plans to recruit more than 17,000 employees to produce various products at different places, according ...

Kang Sothear
https://www.khmertimeskh.com/501314497/cdc-green-lights-15-projects-worth-nearly-220-million/

Contracts signed with farming families and rice production groups

A series of contracts have been implemented by 40 communities and six production groups, including a memorandum of understanding (MoU) with a microfinance institution to guarantee payment at harvest time to 2,236 farming families. ...

Meas Molika
https://kiripost.com/stories/contracts-signed-with-farming-families-and-rice-production-groups

NBC expanding Bakong operations to more Asian countries

In a bid to promote cross-border economic activities using local currencies, the National Bank of Cambodia (NBC) is expanding the operations of its Bakong blockchain-based payment system to Vietnam, Laos, Myanmar, China, and India. ...

Chea Vanyuth
https://www.khmertimeskh.com/501317628/nbc-expanding-bakong-operations-to-more-asian-countries/

NBC launches Cambodian Shared Switch

The National Bank of Cambodia (NBC) has launched Cambodian Shared Switch (CSS) for convenient cross-institutional payments and integration with regional countries. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-nbc-launches-cambodian-shared-switch-css-atm

Cambodia exports products worth $7.23 billion in January-April as deficit widens

Cambodia exported products worth $7.23 billion during the January-April period of 2023, a year-on-year decrease of 4.9 percent from 7.6 billion dollars, Prime Minister Hun Sen said on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501297920/cambodia-exports-products-worth-7-23-billion-in-january-april-as-deficit-widens/

Oxfam and Young Entrepreneurs host ‘Sustainable Business Forum’

Oxfam and Young Entrepreneurs Association of Cambodia (YEAC) co-organised on Thursday a “Sustainable Business Forum” under the theme “Together for Micro, Small and Medium-sized Enterprises Growth in Cambodia” to promote responsible, inclusive and sustainable business practices in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501320559/oxfam-and-young-entrepreneurs-host-sustainable-business-forum/

CGCC gave $92m business loans in 2022

CGCC dished out more than $92 million in 985 business loans in 2022, providing a financial lifeline to companies battling against the impact of Covid-19 and global inflation. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-cgcc-gave-92m-business-loans-in-2022

Cambodia, Pakistan mull joint trade-body committee

Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...

Van Socheata
https://www.phnompenhpost.com/business/cambodia-pakistan-mull-joint-trade-body-committee

Government approves new draft law on taxation

The Cambodian government on Friday approved a new draft taxation law which is said to contribute to promoting and enhancing the Cambodian business sector, increase the favorable investment environment, and strengthen fiscal compliance. ...

Chea Vanyuth
https://www.khmertimeskh.com/501266503/government-approves-new-draft-law-on-taxation/

Cambodia’s Q1 international trade at $11.3 billion

Cambodia’s international trade decreased 14.5 percent to $11.3 billion in the first quarter of 2023, according to a report from the General Department of Customs and Excise yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501271231/cambodias-q1-international-trade-at-11-3-billion/

Cambodia’s imports of oil, gas, coal surge 7.8 percent in Q1

Cambodia’s imports of oil, gas and coal rose by 7.8 percent in the first quarter of 2023, said a report from the General Department of Customs and Excise on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501271456/cambodias-imports-of-oil-gas-coal-surge-7-8-percent-in-q1/

39 investment projects approved in Q1

The Council for the Development of Cambodia approved 39 fixed asset investment projects worth $294 million in the first quarter of this year. ...

Chea Vanyuth
https://www.khmertimeskh.com/501271799/39-investment-projects-approved-in-q1/

NBC closes 104 rural credit institutions

The Coalition of Cambodia Farmers Community said on Thursday that the recent shutdown of 104 rural credit institutions that provided loans to farmers will not affect their livelihoods, saying that past interest rates were high. ...

Meas Molika
https://kiripost.com/stories/cambodia-nbc-closes-104-rural-credit-institutions

SME Bank released $53M for tourism business firms

Small and Medium Enterprise Bank of Cambodia Plc. has approved loans to 346 tourism-related firms totalling $53.46M or 35.64 percent of the $150M budget, said a top official of the bank. ...

Nhean Chamrong
https://www.khmertimeskh.com/501288915/sme-bank-released-53m-for-tourism-business-firms/

Cambodia clears 9 investment plans in garment, footwear, travel goods

The Cambodian Investment Board under the Council for the Development of Cambodia (CDC) recently approved investment proposals for 11 more companies, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods ...

Khmer Times Staff
https://www.khmertimeskh.com/501239855/cambodia-clears-9-investment-plans-in-garment-footwear-travel-goods/

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