Kem Sokha’s Human Rights Party decides to close
The Human Rights Party closed yesterday of its own accord, officially removing itself from any conversation about potential challengers to the ruling party in the absence of the CNRP. The move was met with mixed responses yesterday – with some lamenting the loss of a “back-up” ...
Mech Dara and Erin Handley
http://www.phnompenhpost.com/national-politics/kem-sokhas-human-rights-party-decides-close
NagaCorp raises $156 million from top-up placement
NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...
http://www.financeasia.com/News/336436,nagacorp-raises-156-million-from-top-up-placement.aspx
Bale festival seeks to spark pastoral tourism
Driving on National Road 6 through recently harvested rice fields, six 10-meter-tall structures emerge like vortexes from the sparse terrain. Not far along is the commotion of a country fair: bale mazes, archery games, face painting, a ferris wheel and blaring Khmer pop music. Welcome to ...
Aria Danaparamita and Mech Dara
https://www.cambodiadaily.com/news/bale-festival-seeks-to-spark-pastoral-tourism-77574/
Among global vaccine leaders, Cambodia on track for more than 6% growth in 2022
Cambodia is on track to achieve GDP growth of more than six percent next year thanks to its “well strategised and rapidly executed” vaccine rollout, according to an investment advisory firm. ...
Khmer Times Staff
https://www.khmertimeskh.com/50919098/among-global-vaccine-leaders-cambodia-on-track-for-more-than-6-growth-in-2022/
ASEAN can rise to be an influential global convening power
ASEAN can be the convening power to assist in managing the growing challenges in the evolving dynamics of the Indo-Pacific, geopolitical scientist Dr Johan Saravanamuttu said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501340275/asean-can-rise-to-be-an-influential-global-convening-power/
RCEP strengthens global value chains, says PM
Lauding the Regional Comprehensive Economic Partnership (RCEP), Cambodian Prime Minister Hun Sen said it has strengthened the global value chains and protected the multilateral free trade system. ...
Chea Vanyuth
https://opendevelopmentcambodia.net/km/?post_type=news-article&p=167124&preview=true
Imported Delays Cap Pharma Growth
Although the Ministry of Heath estimates that 40 to 50 percent of Cambodians use traditional medicine, the Kingdoms Pharmaceutical industry is growing rapidly. In 2012, according to the latest forecast from Business Monitor International (BMI) people in Cambodia spent $263 million on pharmaceuticals, compared with $217 ...
http://www.phnompenhpost.com/2013012861016/Business/import-delays-cap-pharma-growth.html
Demand for satellite cities low: report
Phnom Penh, which currently has six satellite cities under development, may be jumping the gun in terms of the demand for them, according to a new report from global real estate firm CBRE. In its latest MarketView report, CBRE says bluntly that currently “demand for satellite ...
http://www.phnompenhpost.com/index.php/Real-Estate/demand-for-satellite-cities-low-report.html
Recent Development and Economic Outlook
The UN’s assessment suggests that Cambodia is one of the top five countries that have made significant progress toward meeting its MDGs by 2015. The poverty rate has dropped dramatically from 47.50 percent in 1993 to 34.70 percent in 2004 and 23 percent in 2011, ...
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/
Hun Sen returns from fruitful week in China
Prime Minster Hun Sen arrived back in Phnom Penh on Sunday after a weeklong visit to China for an international summit during which Chinese Premier Xi Jinping pledged $145 million in aid and soft loans to Cambodia. On Monday, AKP reported that China promised to ...
Phorn Bopha and Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-returns-from-fruitful-week-in-china-59560/
After human drain from Sihanoukville, casinos follow suit
Sihanoukville is set to lose yet another casino as Century Entertainment International Holdings, formerly known as Amax International Holdings Limited, will relocate its gaming floor from Sihanoukville to the up and coming tourist spot of Dara Sakor in Koh Kong province. ...
Jason Boken
https://www.khmertimeskh.com/50770745/after-human-drain-from-sihanoukville-casinos-follow-suit/
Hun Sen vows to live past 93
Responding to rumours swirling on social media that he had suffered a massive stroke and died, Prime Minister Hun Sen proved to be very much alive during an animated speech in Kampot province yesterday. Addressing a crowd in Chhuok district, the 63-year-old premier assured listeners that ...
Vong Sokheng
http://www.phnompenhpost.com/national/hun-sen-vows-live-past-93
IMF, ECB, global banks laud Chea Serey as NBC chief
A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National Bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-ecb-global-banks-laud-chea-serey-nbc-chief
Telco regulator launched
The Ministry of Post and Telecommunications officially launched the Telecommunication Regulator of Cambodia (TRC) yesterday in an attempt to establish laws to control, and resolve conflicts among, telecoms operators. Post and Telecommunications Minister So Khun said the TRC’s establishment supported other regulations for managing conflicts among mobile ...
Kids encouraged to read ahead of National Reading Day
Minister of Education, Youth and Sport (MoEYS) Hang Chuon Naron on Monday urged parents to bring their kids to participate in reading events, read more at home rather than playing games as the National Reading Day approaches. ...
Meas Molika
https://kiripost.com/stories/cambodia-kids-encouraged-to-read-ahead-of-national-reading-day
IMF highlights divergent global recovery levels
THE International Monetary Fund’s (IMF) World Economic Outlook prediction that the globe will recover at vastly uneven levels has been brought into sharp focus in light of recent lockdowns in Cambodia. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50842469/imf-highlights-divergent-global-recovery-levels/
Cambodia-Canada trade falls 25% Jan-July due to global slowdown: GDCE
The effects of the ongoing global political and economic crisis has likely affected bilateral trade between Cambodia and Canada, as reflected by a 24.7 per cent year-on-year fall in trade value at $535 million in the first seven months of 2023, versus $711.1 million last ...
Hin Pisei
https://phnompenhpost.com/business/cambodia-canada-trade-falls-25-jan-july-due-global-slowdown-gdce
Cambodia, 2nd largest global exporter of cashews
During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7%, making it the world’s second largest cashew exporting country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501558654/cambodia-2nd-largest-global-exporter-of-cashews/
Advertising industry in Cambodia grows
As Cambodia’s economy continues to grow, advertising in the country has developed to keep pace. But the industry still faces challenges, insiders say. According to Media Adex data by Indochina Research, which monitors advertising spending for TV and print (but not radio) $105.4 million was ...