Rising oil prices fueling inflation
Rising oil prices fuelled a month-to-month inflationary increase of 5.4 per cent through February and March, according to data from the National Institute of Statistics. Factors such as sanctions on Iranian oil, as well as floods that depleted Cambodian crops last year accounted for the rise ...
Inflation slows to only 2% says NIS
Cambodia’s inflation rose by 2.2 per cent in August compared to the same month last year, according to the monthly data from the National Institute of Statistics. The increase was due to the rise in food and the fluctuation of gasoline prices. Government officials and economists said the ...
Trade deficit prompts call to diversify exports
Cambodia’s trade deficit expanded to almost half a billion dollars during the first three months of the year, according to the latest figures from the Ministry of Commerce. Between January and March, Cambodia’s exports reached $1.99 billion, up 19 per cent compared to the same period ...
May Kunmakara
http://www.phnompenhpost.com/business/trade-deficit-prompts-call-diversify-exports
Cambodia scholar calls for boosting mutual trust, maritime security in Asia Pacific
A Cambodian scholar on Saturday called for efforts to enhance the role of the Association of Southeast Asian Nations (ASEAN) in promoting mutual trust and maritime security in the Asia Pacific. A more relevant and coherent multilateral structure could help address old and new security challenges, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2014-12/13/c_133852775.htm
NA, AVI hold seminar on Cambodia-EU relations
The National Assembly (NA) of Cambodia, through the Committee on Foreign Affairs, Cooperation, and Information in collaboration with the Asian Vision Institute (AVI), held a seminar on “Cambodia-Europe Relations in Regional Connection and Peace” at the National Assembly on Friday. ...
Hang Punreay
https://www.khmertimeskh.com/501423137/na-avi-hold-seminar-on-cambodia-eu-relations/
A few hurdles still block path to joining global value chains
The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at ...
Kali Kotoski
http://www.phnompenhpost.com/business/few-hurdles-still-block-path-joining-global-value-chains
Businesses encouraged to register for IP rights
The Ministry of Commerce (MoC) and the Ministry of Industry, Science, Technology, and Innovation jointly celebrated World Intellectual Property (IP) Day 2024, encouraging business owners to register their products to add value and strengthen competitiveness in domestic and foreign markets. ...
Chea Vanyuth
https://www.khmertimeskh.com/501480749/businesses-encouraged-to-register-for-ip-rights/
MISTI, MoINFO Sign MoU to Enhance Information Dissemination
The Ministry of Industry, Science, Technology & Innovation (MISTI) and the Ministry of Information (MoINFO) on Friday signed a Memorandum of Understanding (MoU) to enhance industrial and scientific news coverage for the Cambodian public. ...
Ben Sokhean
https://www.khmertimeskh.com/501510885/misti-moinfo-sign-mou-to-enhance-information-dissemination/
Maruhan Japan Bank buys stake in MFI – Sathapana
Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. The shareholders who sold out to Maruhan were FMO, ...
http://www.cbre.com.kh/2012/11/maruhan-japan-bank-buys-stake-mfi-sathapana/
Shuttered schools, factories
With only about 10 per cent of its 1,000-person workforce at their stations by 8am yesterday, management at Hoyear (Cambodia) Garment Ltd cut its losses and announced that the factory would close for the next two days. Thousands across the capital opted out of work ...
Sean Teehan, Laignee Barron and Mom Kunthear
http://www.phnompenhpost.com/national/shuttered-schools-factories
Democratic Reform Needed to Ensure Growth, Prosperity
With the long-ruling CPP sworn in to govern for another five years despite the opposition CNRP abstaining from sitting in the National Assembly due to election irregularities, a new report argues that imminent threats to Cambodia’s future development can only be overcome with significant government ...
Simon Henderson
http://www.cambodiadaily.com/news/democratic-reform-needed-to-ensure-growth-prosperity-43690/
Local oil prices fall slowly
The current volatility of oil prices on the global market is bringing cuts in prices at Cambodia’s five main petroleum retailers. However, some observers say the current fall in prices is too limited. Data from the Ministry of Commerce showed that super oil retailed at 5,200 ...
http://www.phnompenhpost.com/index.php/2012062156925/Business/cambodia-oil-prices-fall.html
Job site seeks to curb dangerous migration
The NGO Open Institute has launched a new online service that aims to help Cambodian unskilled labourers find jobs within the country as part of an effort to discourage worker migration in hopes of reducing human trafficking. ...
Andrew Nachemson
http://www.phnompenhpost.com/national/job-site-seeks-curb-dangerous-migration
WHO tests new malaria therapy
High failure rates of the frontline medication to treat malaria in Southern Vietnam have revived concerns that parasites resistant to multiple drugs, first observed in Cambodia’s Pailin province, may be spreading. Meanwhile, experts in the Kingdom are currently testing alternative treatment options to stay ahead ...
Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/who-tests-new-malaria-therapy
Ten commandments: Gov’t lays out food standards
Makers of food- and beverage-related products are for the first time facing mandatory health regulations, with the unveiling of 10 national standards by the Ministry of Industry and Handicraft. The announcement comes after the National Standard Council, a government-run committee, finally approved the standards in May ...
Chan Muyhong
http://www.phnompenhpost.com/business/ten-commandments-gov%E2%80%99t-lays-out-food-standards
Digital roadmap to an innovation-driven economy
The government has demonstrated remarkable dedication and commitment to achieving its goals of turning the country into an upper-middle-income economy by 2030 and a high-income economy by 2050. ...
Ben Sokhean
https://www.khmertimeskh.com/501336041/digital-roadmap-to-an-innovation-driven-economy/
Finance minister asking Booyoung Group of S Korea for fintech boost
The finance minister has asked South Korea’s Booyoung Group to invest more in the Cambodian financial-technology (fintech) market, which has seen remarkable growth during Covid-19, as the company’s chairman revealed preliminary plans for a university in the Kingdom focused on fintech and taxation. ...
May Kunmakara
https://www.phnompenhpost.com/business/finance-minister-asking-booyoung-group-s-korea-fintech-boost
Researcher recognized for HIV, TB contribution
A Cambodian medical researcher has received international recognition for a presentation on developments in the treatment of patients infected with both HIV and tuberculosis at a conference in France last week. ...
Janelle Retka
https://www.cambodiadaily.com/news/researcher-recognized-for-hiv-tb-contribution-98183/
Ministry investigates maritime school over worker complaints
The Interior Ministry’s anti-human trafficking department on Monday questioned an administrator at a maritime school over complaints lodged in September by seven former students who claim they were forced to flee a pair of Chinese-owned cargo ships after working in slave-like conditions. ...
Ben Sokhean
https://www.cambodiadaily.com/news/ministry-investigates-maritime-school-over-worker-complaints-101579/
US-funded National Democratic Institute accused of colluding with CNRP
Leaked materials from the United States-funded NGO National Democratic Institute (NDI) have been portrayed on Facebook and in local media as being part of an “ill intended” strategy to help the opposition party win next year’s national election, with government officials yesterday publicly questioning the ...
Niem Chheng and Ananth Baliga
http://www.phnompenhpost.com/national/us-funded-national-democratic-institute-accused-colluding-cnrp