$9.6 billion 2023 national budget approved
The Council of Ministers has approved a draft budget for 2023 of 39,206,205 million riels, or $9.6 billion, a 13 percent increase on 2022. ...
Prak Chan Thul
https://kiripost.com/stories/96-billion-2023-national-budget-approved
Stay-at-home strike a bust as workers return to factories
The vast majority of the country’s 600,000-strong garment factory workforce appeared to be back on the job Monday despite a call from unions to continue a stay-at-home strike until Tuesday. Eight unions had spent weeks urging workers to stay home after the Khmer New Year from ...
Khy Sovuthy
http://www.cambodiadaily.com/news/stay-at-home-strike-a-bust-as-workers-return-to-factories-56888/
MoE: Notice on dissemination of the updated documents for environmental and social safety
On 12 March 2020, the Ministry of Environment (MoE) released a public announcement on dissemination of the updated documents for environmental and social safety in the implementation of the project “Sustainable Landscape and Ecotourism in Cambodia”, in the purpose to increase public awareness and getting ...
Ministry of Environment
How Cambodia’s secretive timber auctions are fueling the illegal logging trade
In the predawn hours of May 6, a flatbed truck packed with lengths of illegally logged timber sped past a checkpoint in Ratanakkiri province, knocking aside a police car and racing off. Police later tracked down the truck to a house in Banlung City. In the ...
Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/how-cambodias-secretive-timber-auctions-are-fueling-the-illegal-logging-trade-63919/
Online recruitment portals seek competitive advantage
German-backed online job recruitment portal Everjobs officially announced plans yesterday to conduct its first career fair in Cambodia. The company, which entered into Cambodia a year ago, joins the ranks of numerous online job portals aiming to dominate the recruitment market. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/online-recruitment-portals-seek-competitive-advantage
Insurance claims through the roof
Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...
Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof
Government launches new digital plan for its economic development
Cambodia has launched its new 14-year plan on digital policy, saying the sector is a new model of economic growth, which can respond and keep pace with rapid changes in the economy as it recovers from the financial dip caused by the Coronavirus pandemic. ...
Michael Firn
https://www.khmertimeskh.com/50877963/government-launches-new-digital-plan-for-its-economic-development/
Cambodia to boost China rice exports
Cambodia expects to export around 300,000 tonnes of milled rice to China per year, Minister of Commerce Cham Prasidh said during the 44th ASEAN Economic Ministers Meeting in Siem Reap. Speaking to reporters after a meeting with Chinese Minister of Commerce Chen Deming on Tuesday night, ...
Overview of policy and legal framework
Environmental protection and conservation are given high priority in the Royal Government of Cambodia’s guiding strategy, the Rectangular Strategy Phase III (2014–2018). ...
Hoteliers Are Warming Up to Phnom Penh
Compared to the bustling tourist center of Siem Reap, Phnom Penh has long stood in second place as an investment destination for international hotel operations. But as infrastructure slowly improves and the number of visitors to the capital continues to grow, international hotel chains are taking ...
Emily Wilkins
http://www.cambodiadaily.com/business/hoteliers-are-warming-up-to-phnom-penh-51460/
EDF 2021 strategic framework approved at board meeting
The eighth Entrepreneurship Development Fund (EDF) Board of Directors Meeting yesterday reviewed and approved its medium-term strategic framework and annual work plan and budget for 2021. ...
Sok Chan
https://www.khmertimeskh.com/50813028/edf-2021-strategic-framework-approved-at-board-meeting/
Obama leaves with words of encouragement for girls
Following First Lady Michelle Obama’s three-day visit to Cambodia to promote her “Let Girl Learn” initiative, Cambodian officials say they hope for positive changes in girls’ education. Cambodia has nearly 1.5 million female students studying at primary and high schools, he said. But only 42 ...
Neou Vannarin
http://bit.ly/1G1Ukem
Takeo garment workers protest at Ministry of Labour
More than 300 garment workers from Takeo province protested in front of the Ministry of Labour yesterday, following two weeks of strikes over working conditions.Workers requested intervention from the ministry over the dismissal of 1,000 striking workers as well as 13 demands including lunch money, ...
Pech Sotheary
http://www.phnompenhpost.com/national/takeo-garment-workers-protest-ministry-labour
Shipments of cargo increase by 7.3 per cent
Cargo shipments through Sihanoukville’s Deep Sea Port increased more than seven per cent year-on-year in 2012. Port officials say this growth is a result of Cambodia’s economic performance and an improving global economy. “It is a fast rate of growth compared with previous years. We had ...
http://www.phnompenhpost.com/2013011660801/Business/shipments-of-cargo-increase-by-7-3-per-cent.html
Conflict-ridden land concession moved to new forest area
A decade-old rubber plantation project beset with disputes with local residents has had its 9,000 hectares relocated to an intact forest in Stung Treng. A sub-decree signed by the Council of Ministers in March said 9,787 hectares would be provided to Horizon Agriculture Development as “compensation” ...
Mech Dara
https://vodenglish.news/conflict-ridden-land-concession-moved-to-new-forest-area/
ADB trims Kingdom’s economic forecast
Cambodia’s economy will feel turbulence from beyond its borders as China’s heavyweight economy faces softer growth prospects and major industrial economies experience a lethargic recovery, the Asian Development Bank (ADB) said in a report released yesterday.In an update to its flagship annual economic publication, Asian ...
Cam McGrath
http://www.phnompenhpost.com/business/adb-trims-kingdoms-economic-forecast
Reforms making an impact
Cambodia was ranked higher than other CLMV countries (Cambodia, Lao, Myanmar, Vietnam) for the readiness of private and state-owned organisations to deal with external economic changes, according to the Change 2015 Readiness Index released by KPMG. The international auditing firm’s report shows that Cambodia was the ...
Chan Muyhong
http://www.phnompenhpost.com/business/reforms-making-impact
China holds senior officials' meeting of Lancang-Mekong River Dialogue and Cooperation
The first senior officials’ meeting of Lancang-Mekong River Dialogue and Cooperation was held Monday in Beijing and senior officials from China, Myanmar, Laos, Thailand, Cambodia and Vietnam discussed the concept paper for establishing the Lancang-Mekong River Dialogue and Cooperation Mechanism, including its objectives, direction and ...
Global Post News Staff
http://bit.ly/1O1B4jA
Foreign investment brings Cambodia growth, new issues
Cambodian officials say the country’s economic growth rate is set to exceed seven percent this year. According to financial analysts even if the global economy slows, Cambodia is well prepared to deal with it, partly because of strong foreign investment. But the billions of dollars ...