Prey Lang designated a red zone
Minister of Mines and Energy, Keo Rottanak, has declared Prey Lang a protected area, effectively prohibiting the issue of new licenses for mining companies. ...
Thang Sinorn
https://kiripost.com/stories/prey-lang-designated-a-red-zone
CDC okays projects valued $5b in 2023
Up to $4.9 billion of total investment capital for 268 investment projects have been approved by the Council for the Development of Cambodia (CDC) in 2023, with some 307,000 jobs created, according to its statement on Wednesday. ...
Thang Sinorn
https://kiripost.com/stories/cdc-okays-projects-valued-5b-in-2023
GCC-ASEAN media delegation visits Saudi State History Exhibition
A Cambodian media delegation led by Kao Imran, Head of Arabic News at the Ministry of Information, together with their counterparts from the Gulf Cooperation Council (GCC) and ASEAN member countries yesterday visited the Saudi State History Exhibition, held at the headquarters of the Saudi ...
Khmer Times Staff
https://www.khmertimeskh.com/501379447/gcc-asean-media-delegation-visits-saudi-state-history-exhibition/
‘Fintech playing key role in financial inclusion efforts’
The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/
Cambodia makes $1.2 bln from exports of raw cashew nuts, rubber in 10 months
Cambodia earned a total of $1.2 billion from the exports of raw cashew nuts and dry rubber during the first 10 months of 2023, according to official reports on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501399578/cambodia-makes-1-2-bln-from-exports-of-raw-cashew-nuts-rubber-in-10-months/
Ministry releases details of successful crackdown on telecom and online fraud
Public security organs across China solved 391,000 cases of telecom or online fraud in the first 11 months of last year and captured numerous suspects, the Ministry of Public Security said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501418610/ministry-releases-details-of-successful-crackdown-on-telecom-and-online-fraud/
Human rights watch: Cambodian government’s claims of democracy do not reflect reality
Cambodia’s 2023 election year was marked by attacks against government critics and independent media, according to a 2024 global Human Rights Watch (HRW) report published Thursday. ...
Khuon Narim and Leila Goldstein
https://cambojanews.com/human-rights-watch-cambodian-governments-claims-of-democracy-do-not-reflect-reality/
Woori Bank: 30 years of ‘rapid expansion’
Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the ...
May Kunmakara
https://www.phnompenhpost.com/business/woori-bank-30-years-rapid-expansion
Cambodia seeks more investment from Europe
Even though Cambodia has attracted more European investors, the number of their investment projects in the country is still small, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501455006/cambodia-seeks-more-investment-from-europe/
Koh Rong int’l airport construction begins
State authorities have confirmed that the earthworks for the first phase of construction of the Koh Rong International Eco-Tourism Airport is now underway on the island. ...
James Whitehead
https://www.khmertimeskh.com/501427850/koh-rong-intl-airport-construction-begins/
Electrical exports bolster economy in 2023, up 50%
Cambodia exported over $3.1 billion in electrical machinery, equipment and related products to the international market in 2023, an increase of more than 50% compared to 2022. The export value of these products constituted nearly 14% of the country’s total exports, as per data from ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-exports-bolster-economy-in-2023-up-50-
Renewable energy to give 70% of power in Cambodia this year
Renewable energy sources will account for nearly 70 percent of Cambodia’s electricity this year, said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, recently. ...
Manoj Mathew
https://www.khmertimeskh.com/501429249/renewable-energy-to-give-70-of-power-in-cambodia-this-year/
Multimillion dollar investments approved in Sihanoukville
Two projects in Sihanoukville with an investment of nearly $600 million have received incentives from the Council for the Development of Cambodia and are estimated to have a positive impact on the economy of Sihanoukville. ...
Meas Molika
https://kiripost.com/stories/multimillion-dollar-investments-approved-in-sihanoukville
Cambodia’s exports surge 22.7% in first two months
Cambodia’s international trade recorded a growth of 19.2 percent in the first two months of this year compared to the same period last year and reached $8.12 billion. While exports surged 22.7 percent to reach $3.98 billion, imports grew by 16.1 percent to reach $4.13 ...
Manoj Mathew
https://www.khmertimeskh.com/501454157/cambodias-exports-surge-22-7-in-first-two-months/
MoU aims to elevate youth financial literacy
Financial literacy among Cambodia’s youth is slated to receive a boost after an agreement was signed between SOSORO Museum and the Association of Banks in Cambodia (ABC) to enhance youth’s educational awareness about their money affairs. ...
Mao Sreypich
https://kiripost.com/stories/mou-aims-to-elevate-youth-financial-literacy
CDC approves projects worth $2.2 billion in first quarter
The Council for the Development of Cambodia (CDC) approved 106 fixed assets investment and expansion projects worth $2.2 billion in the first three months of this year, a jump of 649 percent over the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501469196/cdc-approves-projects-worth-2-2-billion-in-first-quarter/
Foreign Ministry spokesperson reaffirms adherence to One-China policy
On 14 January 2024, the Ministry of Foreign Affairs and International Cooperation issued a press statement on Foreign Ministry spokesperson reaffirms adherence to One-China policy on their official website.According to the press, the spokesperson of the Ministry of Foreign Affairs and International Cooperation reiterated Cambodia’s ...
Ministry of Foreign Affairs and International Cooperation
Ten investment projects worth over $60 million registered at CDC
Council for the Development of Cambodia (CDC) has decided to issue licences to ten investment projects with a total investment capital of more than $60 million, as of Jan. 15. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425808/ten-investment-projects-worth-over-60-million-registered-at-cdc/
Law to strengthen water transportation sector
A draft law on water transportation has been created to strengthen the sector and find solutions to serve national and international trade, while supporting national economic growth. ...
Chhorn Raksmey
https://kiripost.com/stories/law-to-strengthen-water-transportation-sector
Cambodia’s international trade up 16.7 pct in January
Cambodia’s foreign trade volume hit $4.05 billion in January 2024, up 16.7 percent from $3.47 billion in the same month last year, an official report showed on February 12, 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501439008/cambodias-international-trade-up-16-7-pct-in-january/