Cambodian Economy Hurt by Land Evictions
Kratie province – Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. Next week’s visit by Barack Obama, the fist by a U.S. ...
Modernisation in IT system increases GDT’s tax collection
Modernizing the tax system through automation has helped increase revenue and transparency in the Kingdom’s tax sector. The General Department of Taxation (GDT) said tax collection had increased by more than 28 per cent in the first 10 months of the year. ...
Thou Vireak
https://www.phnompenhpost.com/business/modernisation-it-system-increases-gdts-tax-collection
PPAP profit nears $9M in first nine months of 2019
Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP) reported $8.97 million in net profit during the first nine months of this year – up 46.9 per cent from $5.98 million during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/ppap-profit-nears-9m-first-nine-months-2019
US investors look into tourism opportunities in Cambodia
US investors are eyeing opportunities in Cambodia’s tourism sector, while the number of US visitors in the country remained low and is declining, said the Ministry of Tourism. Data from the Ministry of Tourism said US visitors who travelled to the Kingdom accounted for only 3.7 ...
Thou Vireak
https://www.phnompenhpost.com/business/us-investors-look-tourism-opportunities-cambodia
Government encourages investment in sustainable timber plantations
The government yesterday asked companies to consider investing in timber plantations in the Kingdom that produce sustainable wood, arguing that these investments help protect the country’s natural resources. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50663340/government-encourages-investment-in-sustainable-timber-plantations/
Kingdom in talks with Russia for nuclear science
Cambodian and Russian experts yesterday concluded discussions on the possibility of constructing and establishing a Nuclear Science and Technology Centre in the Kingdom. The discussion, which was held in Siem Reap province over two days, took place at the 3rd meeting of a Cambodia-Russia joint ...
Taing Vida
https://www.khmertimeskh.com/50664303/kingdom-in-talks-with-russia-for-nuclear-science/
US praises growth in the Kingdom’s digital sector
US ambassador Patrick Murphy praised the growth of the Kingdom’s digital sector and expressed hope of expanding cooperation between the two countries in the sector. Cambodia has a high rate of mobile phone users. ...
Mech Dara
https://www.phnompenhpost.com/national/us-praises-growth-kingdoms-digital-sector
Kingdom-Hungary sewage solutions in the pipeline
The Ministry of Environment has announced that it will collaborate with Hungary to implement a pilot project to solve sewage system issues in towns in some provinces. A representative for the Hungarian Embassy in Cambodia, Zoltan Gyorgy Horvath, met with the ministry’s secretary of state, Sao ...
Ry Sochan
https://www.phnompenhpost.com/national/kingdom-hungary-sewage-solutions-pipeline
Slow is good: The real estate market’s slower current growth is better in the long run, experts say
While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. although growth ...
Turkish investors eye electronics, electricity production in Kingdom
Turkish investors have expressed interest in seeking investment partners in Cambodia in the electricity production and electronics sectors. Guven Uckan, the head of the Electrical Electronics and Services Exporters’ Association (EESEA), said Cambodia had great potential for investment, with a number of Turkish investors currently doing ...
Malaysia urged to invest in waste management
Minister of Environment Say Sam Al on Tuesday welcomed Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim and encouraged Malaysians to invest in the Kingdom’s waste management sector. The Ministry of Environment said in a Facebook post: “Say Sam Al encouraged and warmly welcomed cooperation ...
Ry Sochan
https://www.phnompenhpost.com/national/malaysia-urged-invest-waste-management
Land titles provided to residents in OCIC dispute
Phnom Penh municipal governor Khuong Sreng said on Tuesday that residents affected by a Chroy Changvar satellite city development project by OCIC will have a solution soon. Sreng made the comments while granting land titles to 51 families who were affected by the project, noting ...
Khorn Savi
https://www.phnompenhpost.com/national/land-titles-provided-residents-ocic-dispute
UAE firm sets sight on oil in Kingdom
Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...
Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom
Four in Mondulkiri court for logging
Mondulkiri provincial Forestry Administration sent four men to court for their involvement in a forest crime in Keo Seima district. Mondulkiri provincial Military Police arrested the four men and confiscated a van, two chainsaws and another equipment used to commit the forest crime in Sre ...
Mech Dara
https://www.phnompenhpost.com/national/four-mondulkiri-court-logging
GDT says revenues up 15% in January
The General Department of Taxation (GDT) collected about 956.76 billion riel ($239.19 million) in tax revenue in January, up 14.74 per cent compared to the same period last year. This is a positive step towards its target of collecting more than $2.885 billion by year’s end, ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-says-revenues-15-january
Loudspeakers latest in arsenal to fight forest crimes
The Mondulkiri provincial Department of Environment has installed loudspeakers on tuk-tuks and motorbikes to be driven around villages prone to natural resource crimes to educate citizens on the importance of protecting forests. ...
Voun Dara
https://www.phnompenhpost.com/national/loudspeakers-latest-arsenal-fight-forest-crimes
Government declares forest in Ratanakiri as protected area
The government has decided to designate the Yak Om Yak Kara Lake in Ratanakiri province as a protected area to preserve natural resources. According to a government sub-decree signed by Prime Minister Hun Sen on Wednesday, the designation for the lake and forest area covering ...
Pech Sotheary
https://www.khmertimeskh.com/50696039/government-declares-forest-in-ratanakiri-as-protected-area
COVID-19 impacts garment workers in Cambodia
The global outbreak of the Coronavirus is slowing down the economy and threatens to eliminate thousands of jobs in the global supply chain in South East Asia, particularly in Cambodia as one of the most affected countries in the region. ...
Khmer Times Staff
https://www.khmertimeskh.com/50701601/covid-19-impacts-garment-workers-in-cambodia/
Exports soar 24% in first two months
Cambodian exports soared 24 per cent year-on-year to $2.563 billion in the first two months of this year, despite the reverberating local and global effects of the Covid-19 pandemic. ...
Thou Vireak
https://www.phnompenhpost.com/business/exports-soar-24-first-two-months
Traffic law changes in force
The government has amended the Road Traffic Law and updated the fines for all road violations. A sub-decree released on Tuesday said the fine for motorcycle or tuk-tuk drivers and motorbike riders who fail to wear helmets or wear them incorrectly is 60,000 riel ($15). ...
Voun Dara
https://www.phnompenhpost.com/national/traffic-law-changes-force