Piaggio to return to Cambodia with legendary Vespa scooters
Europe’s largest manufacturer of two-wheeled vehicles, Italy’s Piaggio, will return to Cambodia in September, being absent since the Khmer Rouge takeover. Vespa Cambodia Co Ltd, part of Narith Long’s Narita group, signed an exclusive distribution agreement with Piaggio last month to distribute its Piaggio scooters, ...
Anthony Galliano, P. 9
http://www.phnompenhpost.com/index.php/2012070357156/Business/piaggio-cambodia-vespa.html
Embassy defends handling of maids
Cambodia’s embassy in Malaysia yesterday denied pressuring domestic workers from the Kingdom into renewing their visas, after rights groups told the Post last week that the embassy exploited a legal loophole to keep maids in the country. The statement came as a Malaysian employers association, which has observed the drafting ...
Sen David and Daniel Pye
http://www.phnompenhpost.com/national/embassy-defends-handling-maids
Koh Rong Sanloem ready to build first solar power station
Work on a new solar power station is set to start next month on Koh Rong Sanloem Island. The 1.25 megawatt (Mw) solar power project that was signed off this year will be constructed as two standalone solar based micro-grids that can provide electricity to ...
Jason Boken
https://www.khmertimeskh.com/50757495/koh-rong-sanloem-ready-to-build-first-solar-power-station/
Yellow bananas blossoming with Chinese investment
China has given the green light for five new companies to invest in Cambodia’s yellow banana plantations. Industry insiders said they are optimistic that yellow banana exports to that country will double in 2020. The approval of the five companies brings the total number of ...
Thou Vireak
https://www.phnompenhpost.com/business/yellow-bananas-blossoming-chinese-investment
UK grants GSP status to Cambodia effective 2021
Cambodia’s exports see new light with the granted duty-free and quota-free access to the markets in the United Kingdom, commencing 2021. Sok Sopheak, Secretary of State at the Ministry of Commerce shared that Cambodia will discuss with the UK counterpart on the import and export ...
Lim Nary/AKP
https://www.khmertimeskh.com/50791084/uk-grants-gsp-status-to-cambodia-effective-2021/
Two investment projects approved by CDC
The two new projects, with a total investment capital of $6.4 million, will be located in Khan Pursenchey, Phnom Penh capital, and Samrong district, Takeo province, pointed out the CDC in an announcement issued this afternoon. The newly-approved projects are expected to create some 2,571 ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50797186/two-investment-projects-approved-by-cdc/
A $7.8 million garment factory project approved by CDC
Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50804809/a-7-8-million-garment-factory-project-approved-by-cdc/
Smile Shop catering to lockdown demand for groceries
In response to increased demand during lockdown, Smile Shop, a local e-shop, is offering new users a $10 discount on their first purchase for orders of $25 or more. They ensure deliveries are made between two and 12 hours post ordering in Phnom Penh. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50842449/smile-shop-catering-to-lockdown-demand-for-groceries/
Pursat Ford assembly plant opens
The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash ...
May Kunmakara
https://www.phnompenhpost.com/business/pursat-ford-assembly-plant-opens
Ground breaks on Battambang water plant
Ground has been broken on a new water treatment plant in Battambang province which will serve the provincial capital. The plant, in Kampong Wat Kor commune’s Seima village of the town, is co-financed by the Asian Development Bank (ADB) and the Agence Francaise de Developpement- AFD ...
Yuth Vireak
https://www.phnompenhpost.com/national/ground-breaks-battambang-water-plant
Gov’t to launch informal economic policy this year
The Royal Government of Cambodia (RGC) is set to prepare and launch the informal economy policy before the end of 2023 to develop and upgrade the informal sector in a management system under the formal economy, said a top official of the Ministry of Economy ...
Kang Sothear
https://www.khmertimeskh.com/501230999/govt-to-launch-informal-economic-policy-this-year/
No consensus on fourth minimum wage meet
The National Council on Minimum Wage (NCMW) has failed to reach any conclusive consensus on the new minimum wage 2024 for garment, travel goods and bag industries even though the employers and employers’ representatives strived to negotiate with each other for the fourth time yesterday ...
Kang Sothear
https://www.khmertimeskh.com/501358749/no-consensus-on-fourth-minimum-wage-meet/
Manet commits to annual wage increases for workers
While acknowledging that the new minimum wage for factory workers falls short of their expectations, Prime Minister Hun Manet reaffirmed the government’s commitment to providing a yearly increment, however modest. This dedication, he noted, stands in contrast to certain countries that have not granted any ...
Neang Sokunthea
https://phnompenhpost.com/national/manet-commits-annual-wage-increases-workers
NOTICES Agri exports to China hit 2.4M tonnes worth $1.9B in last 42 months
Agricultural exports to China in the 14 quarters to June 30 amounted to 2.4 million tonnes, worth $1.942 billion, said a Chinese embassy report citing Cambodian agriculture ministry data, as the government’s new policies to boost productivity in the field and turn the Kingdom into ...
Hin Pisei
https://www.phnompenhpost.com/business/agri-exports-china-hit-24m-tonnes-worth-19b-last-42-months
Debt ratio below most ASEAN states: IMF
Cambodia’s general government gross debt (GGGD) is projected to reach 37.5 per cent of GDP (gross domestic product) in 2023 – up from 36.5 per cent in 2022 – which, although marking the highest rate since 42.7 per cent in 2004, is lower than that ...
May Kunmakara
https://www.phnompenhpost.com/business/debt-ratio-below-most-asean-states-imf
KOICA’s $10m project is launched successfully
A new $10 million project by the Korea International Cooperation Agency (KOICA), to improve rural living conditions and strengthen governance of rural development in the northwestern region of Cambodia, has started successfully. ...
Ben Sokhean
https://www.khmertimeskh.com/501303486/koicas-10m-project-is-launched-successfully/
Cambodia’s Economic Opportunity
While significant obstacles remain, the success of the rice sector is a potentially crucial driver in Cambodia’s prosperous and equitable development. Cambodia announced two major bilateral trade agreements recently, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. ...
http://thediplomat.com/2013/05/09/cambodias-economic-opportunity/
CPP Readies for One-Party Vote On Assembly Committees
Senior CPP members selected nominees for the National Assembly’s nine permanent committees behind closed doors on Tuesday, while the opposition CNRP, which has continued to boycott the Assembly over July’s disputed election, urged some of Cambodia’s foreign donors to immediately sever ties with the government ...
Hul Reaksmey
http://www.cambodiadaily.com/elections/cpp-readies-for-one-party-vote-on-assembly-committees-44695/
Rights Group Wants Abe to Press Cambodia on Poll Probe
Japanese Prime Minister Shinzo Abe, who makes a visit to Phnom Penh this weekend, should leverage his country’s aid to pressure the Cambodian government to launch an independent probe into fraud and other irregularities in disputed elections, a rights group said Thursday. As head of the ...
Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/investigation-11142013171238.html
CPP Rallies to Hun Sen; NEC Says Early Poll Not Possible
CPP lawmakers have lined up behind their prime minister, Hun Sen, insisting in recent statements that a new election the opposition is demanding will never happen, and would not even be legally possible. Experts familiar with the law, however, said legislation does allow for fresh elections, ...
Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/cpp-rallies-to-hun-sen-nec-says-early-poll-not-possible-49602/