SME Bank disburses $54M loans to tourism related biz
A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501337906/sme-bank-disburses-54m-loans-to-tourism-related-biz/
Probe launched into ‘debt-related suicides’
The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) are working together with members over the allegation on suicides and attempted suicides due to over-aggressive handling by loan officers in Ratanakkiri recently. ...
May Kunmakara
https://www.phnompenhpost.com/business/probe-launched-debt-related-suicides
Exports to Vietnam grow to $1.6B in first 7 months
Exports from Cambodia to Vietnam have recorded steady growth, rising 20.6 per cent year-on-year to $1.6 billion in the first seven months of 2023 from $1.3 billion, although trade balance dipped one per cent to $3.8 billion from the year prior. ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-vietnam-grow-16b-first-7-months
Work plan aims to help Cambodia hit mine-free target by 2025
Despite demining operations exceeding targets, landmines and unexploded ordnance (UXOs) continue to plague Cambodia, injuring and killing people in the provinces and along the nation’s borders. ...
Yatt Malai
https://kiripost.com/stories/work-plan-to-help-cambodia-hit-mine-free-target-by-2025
Press release on the meeting to review and discuss the Draft MoU between the Ministry of Economy and Finance and the Wing Bank (Cambodia) Plc
On 14 August 2023, the General Department of Taxation of the Ministry of Economy and Finance issued a press release on the review meeting and discussion on the Draft Memorandum of Understanding on the use of services of Wing Bank (Cambodia) Plc for tax revenue ...
General Department of Taxation
China’s Ningbo investors seek opportunities in Cambodia
Around 40 companies are expected to explore investment opportunities in Cambodia this month, thanks to the optimism felt by a delegation of Chinese investors who met with the Council for the Development of Cambodia (CDC) yesterday. ...
Hin Pisei
https://www.phnompenhpost.com/business/chinas-ningbo-investors-seek-opportunities-cambodia
Vietnamese PM invites Cambodia’s new PM to visit Vietnam
Prime Minister of the Socialist Republic of Viet Nam Pham Minh Chinh has invited Kitti Tesaphibal Bindit Hun Manet, Prime Minister of the Kingdom of Cambodia, to pay an official visit to Viet Nam at a suitable time. ...
Khmer Times Staff
https://www.khmertimeskh.com/501348471/vietnamese-pm-invites-cambodias-new-pm-to-visit-vietnam/
UK’s DCTS could benefit Cambodia’s travel goods export, GMAC counters
The United Kingdom recently came out with a few more details of the proposed revamp of its Generalised Scheme of Preferences (GSP)—to be rolled out in early 2023—which reportedly suggests the revision could benefit more Cambodian garment and textile commodities, especially travel goods. ...
Khmer Times Staff
https://www.khmertimeskh.com/501138634/uks-dcts-could-benefit-cambodias-travel-goods-export-gmac-counters/
CDC greenlights 17 projects worth over $140M in Aug as investments diversify
The Council for the Development of Cambodia (CDC) has approved five new projects in solar panel manufacturing, healthcare, tourism, mining, and textiles, with total investment of more than $82 million that are expected to create nearly 2,000 jobs. ...
Vocational training for informal students increases
Some 10,499 students trained in various vocational skills last year, a rise of 2,229 people from the 8,270 informal students in 2021, the Ministry of Education, Youth and Sport said. ...
Torn Vibol
https://www.khmertimeskh.com/501358574/vocational-training-for-informal-students-increases/
Sun Chanthol visits Sihanoukville Port Special Economic Zone
Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, on Sep 11, visited Sihanoukville Port Special Economic Zone. ...
Khmer Times Staff
https://www.khmertimeskh.com/501358469/sun-chanthol-visits-sihanoukville-port-special-economic-zone/
Orphanage given two months to improve facilities and care
The Ministry of Social Affairs, Veterans and Youth Rehabilitation has given an orphanage cum hospice, two months to improve the facilities and care provided after finding serious flaws in the management, administration and care of children. ...
Torn Vibol
https://www.khmertimeskh.com/501359441/orphanage-given-two-months-to-improve-facilities-and-care/
Cambodia will host the 6th World Clean Day under the theme “Together for a river without garbage”
The National Committee for Clean City Evaluation has announced that Cambodia will hold the 6th World Clean Day from September 16–17, 2023, at Chroy Changva near Sokha Hotel, Phnom Penh, under the theme “Together for a River without Garbage.” ...
Khmer Times Staff
https://www.khmertimeskh.com/501360491/cambodia-will-host-the-6th-world-clean-day-under-the-theme-together-for-a-river-without-garbage/
CMAC starts clearing mines and explosive remnants on more than 500 hectares of forest land in Siem Reap
532 hectares of Phnom Preah Chbar community forest and people’s land in Srey Snom district, Siem Reap province, have been cleared by CMAC of mines and other explosive remnants of war. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362896/cmac-starts-clearing-mines-and-explosive-remnants-on-more-than-500-hectares-of-forest-land-in-siem-reap/
Nigerian law enforcement MoU review accelerating
The Ministry of Interior is in the process of reviewing a draft memorandum of understanding (MoU) which focuses on law enforcement cooperation with its Nigerian counterparts. ...
Samban Chandara
https://www.phnompenhpost.com/national/nigerian-law-enforcement-mou-review-accelerating
UK Exports decline 15% Jan-July as orders drop
Bilateral trade between Cambodia and the UK in the first seven months of 2023 fell 14.6 per cent year-on-year to $496.3 million from $581.4 million, with nearly 90 per cent of the value consisting of exports from Cambodia, according to the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/uk-exports-decline-15-jan-july-orders-drop
Tackling corruption: AmCham Cambodia urges US companies to abide by local and international laws
The American Chamber of Commerce Cambodia (AmCham) recently organized a comprehensive forum on the crucial issue of business ethics and anti-corruption. ...
Khmer Times Staff
https://www.khmertimeskh.com/501353527/tackling-corruption-amcham-cambodia-urges-us-companies-to-abide-by-local-and-international-laws/
Press release: Cambodia launches Standard Loan Contract and Standard Text of Contractual Terms to strengthen consumer protection and fair competition in banking and financial sector
On 30 August 2023, the Cambodia Microfinance Association (CMA) and the Association of Banks in Cambodia issued a joint press release on the launch of the Standard Loan Contract and Standard Text of Contractual Terms to strengthen consumer protection and fair competition in banking and ...
Cambodia reaffirms support for Timor-Leste
Cambodia has reiterated its support to the membership of Timor-Leste in ASEAN and the World Trade Organization as well as in regional and global architecture. ...
Khmer Times Staff
https://www.khmertimeskh.com/501350833/cambodia-reaffirms-support-for-timor-leste/
Vietnam, Laos, and Cambodia boost ties in scientific research
Chairman of Ho Chi Minh City People’s Committee Phan Van Mai received Dr Sonethanou Thammavong, President of the Lao Academy of Social and Economic Sciences, and Sok Touch, President of the Royal Academy of Cambodia, in the city on September 19. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363840/vietnam-laos-and-cambodia-boost-ties-in-scientific-research/