ACLEDA reports 20% less net profit in Q1
Mainboard-listed commercial bank ACLEDA Bank Plc’s net profit for the first quarter ended March 31 fell 20 per cent to $35.36 million from $44.10 million last year as a result of widening net impairment loss, interest expense, and general and administrative expenses. ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-reports-20-less-net-profit-q1
Two companies lose ELCs in Kampot
The government has partially revoked the Economic Land Concessions (ELCs) of two companies for failing to develop the land as intended in Kampot province’s Chhuk district. ...
Yin Soeum
https://www.khmertimeskh.com/501008040/two-companies-lose-elcs-in-kampot/
Gov’t used $530 million for dev’t in first quarter
The Cambodian government has disbursed $529.79 million from existing concessional loans which have been used for infrastructure and other priority sectors in the first quarter of 2022. ...
Chea Vanyuth
https://www.khmertimeskh.com/501093557/govt-used-530-million-for-devt-in-first-quarter/
Forestland encroachers arrested in Mondulkiri
Authorities arrested four people on Tuesday for clearing protected forest land in Mondulkiri Province’s Keo Seima district. ...
Chhun Sunly
https://www.khmertimeskh.com/501206689/forestland-encroachers-arrested-in-mondulkiri/
Cambodia faces drought in 2023
Authorities have sent out a warning that 2023’s dry season will bring droughts countrywide, with residents urged to use water sparingly. ...
Meas Molika
https://kiripost.com/stories/cambodia-faces-drought-in-2023
Investing in clearing minefields helps communities
Mine clearance in Cambodia is proving that returning safe land to communities for productive use is creating pathways for recovery that enable social, economic and environmental benefits, a report reveals. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-investing-in-clearing-minefields-helps-communities
Transparency urged in communes’ spending
Minister of information Khieu Kanharith instructed commune councils to inform the local population whenever restoration, development or construction work is undertaken by the commune authorities. ...
Samban Chandara
https://www.phnompenhpost.com/national/transparency-urged-communes-spending
New protected landscapes created in four provinces
The government has established new protected landscape areas in four provinces – Preah Vihear, Ratanakkiri, Banteay Meanchey and Kampong Thom. The new areas total more than 4,000ha. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/new-protected-landscapes-created-four-provinces
National Assembly convenes opening session, lawmakers to be sworn in
King Norodom Sihamoni convened the first session of the National Assembly’s 7th Mandate on Monday, as the 125 elected lawmakers are set to be sworn in this afternoon. ...
Seoung Nimol and Khuon Narim
https://cambojanews.com/national-assembly-convenes-opening-session-lawmakers-to-be-sworn-in/
$17M investment projects in Kandal, P Sihanouk provinces
Aiding the job prospects and investment potential in two provinces in the country, the Council for the Development of Cambodia (CDC) gave approval for four new investment projects worth $17 million. ...
Adur Pradeep
https://www.khmertimeskh.com/501135969/17m-investment-projects-in-kandal-p-sihanouk-provinces/
Sihanoukville property owners in limbo as unfinished high-rises litter the city
In 2018, Kheav Sothanny leased his 600 square meters of land In central Sihanoukville to a ChInese Investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...
Sorn Sarath
https://cambojanews.com/sihanoukville-property-owners-in-limbo-as-unfinished-high-rises-litter-the-city/
Flash floods expected in Northern provinces
Eight of the 24 provinces in Cambodia are likely to be at high risk of flash floods and overflow due to possible heavy rainfall across the country until the end of September. ...
Khmer Times Staff
https://www.khmertimeskh.com/501158476/flash-floods-expected-in-northern-provinces/
Nearly 43% decline in bicycle exports
Cambodia exported bicycles worth $424 million to foreign markets in the first nine months of 2023, a drop of 42.8 percent compared to the same period last year which recorded $742 million, said a Ministry of Commerce’s report yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501375670/nearly-43-decline-in-bicycle-exports/
Cambodia highly values CLMV Action Plan in 2023-2024
Cambodia, the ASEAN Chair in 2022, applauded important discussions related to economic cooperation and development orientations among CLMV countries at the 14th Cambodia, Laos, Myanmar and Vietnam Economic Ministers’ Meeting (CLMV-EMM 14) in Cambodia, including the approval of the CLMV Action Plan for the 2023-2024 ...
Khmer Times Staff
https://www.khmertimeskh.com/501152800/cambodia-highly-values-clmv-action-plan-in-2023-2024/
China, Cambodia to further enhance ties, cooperation in various fields
Chinese State Councillor and Foreign Minister Wang Yi and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn met on Sunday, and both sides pledged to further enhance relations and cooperation in building the Belt and Road and other fields. ...
Khmer Times Staff
https://www.khmertimeskh.com/501106152/china-cambodia-to-further-enhance-ties-cooperation-in-various-fields/
Irrigation systems cover 61 pct of farmland in Cambodia: official
Irrigation systems have covered some 61 percent of the total farmland in Cambodia, Bun Hean, secretary of state for the Ministry of Water Resources and Meteorology (MWRM), said on Thursday. ...
Khmer Time Staffs
https://www.khmertimeskh.com/501139337/irrigation-systems-cover-61-pct-of-farmland-in-cambodia-official/
MB to set up commercial bank in Cambodia
The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 percent-owned bank in Cambodia on the ground of its branch in Phnom Penh. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116192/mb-to-set-up-commercial-bank-in-cambodia/
Customs tax income up 12 percent in H1
The General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. ...
Khmer Times Staff
https://www.khmertimeskh.com/501126217/customs-tax-income-up-12-percent-in-h1/
Zero Snaring campaign underway in M’kiri
The first province to see the latest “Stop Wildlife Trafficking” campaign, an extension of the successful zero snaring campaign, was Mondulkiri province in the northeast of Cambodia, an area which is rich in natural resources and wildlife in protected areas. ...
Lay Samean
https://www.phnompenhpost.com/national/zero-snaring-campaign-underway-mkiri
Cambodian PM encourages trade expansion in AFTA and RCEP framework
Hun Sen, Prime Minister of the Kingdom of Cambodia, has encouraged ASEAN to expand trade within the framework of ASEAN Free Trade Area (AFTA) and Regional Comprehensive Economic Partnership (RCEP). ...
Khmer Times Staff
https://www.khmertimeskh.com/501151276/cambodian-pm-encourages-trade-expansion-in-afta-and-rcep-framework/