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Government dips into its reserves

The government says that it has been withdrawing $1 billion from its savings to support spending in the fight against COVID-19 and to sustain, boost and restore the economy at a time national revenue is expected to drop from 20 percent to 30 percent, according ...

Sok Chan
https://www.khmertimeskh.com/50743333/government-dips-into-its-reserves/

Ministry of Environment bans wild orchid trade in the protected areas

On 10 July 2020, the Ministry of Environment publishes a public notice on the ban of wild orchid trade, which are actively collecting in protected areas due to the buzz on social media about high-end purchases. The ministry added that collecting wild orchid from the ...

Ministry of Environment

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Coal: A burning question

Cambodia and other Asean member states have discussed the future of the coal mining business for the power sector in the region, according to the Cambodia Ministry of Mines and Energy (MME). The Ministry said the discussion was made at the Asean Coal Business Roundtable ...

Sorn Sarath
https://www.khmertimeskh.com/50743466/coal-a-burning-question/

Public ‘OK’ with removal of small-dollar banknotes

As the deadline draws close for commercial banks and microfinance institutions to send back smaller dollar banknotes to the National Bank of Cambodia without a service charge, businesses are seeing an increase in the use of the riel transactions with no real complaints from shoppers. ...

Jason Boken
https://www.khmertimeskh.com/50757036/public-ok-with-removal-of-small-dollar-banknotes/

Ministry of Education creates research fund to promote innovation

Cambodian Ministry of Education, Youth and Sports (MoEYS) has established a Research Creativity and Innovation Fund (RCI Fund) to contribute to promoting the culture of research, creativity and innovation for the benefit of the education, youth and sports in response to the labour market and ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50756984/ministry-of-education-creates-research-fund-to-promote-innovation/

Survey on garment workers’ lives

The Ministry of Labour and Vocational Training (MLVT) is conducting a survey on garment and other workers’ living conditions and the impact of COVID-19 until July 31. ...

Sorn Sarath
https://www.khmertimeskh.com/50746694/survey-on-garment-workers-lives/

Sino-Cambodia FTA talks wrap up, signing to follow

Cambodia and China wrapped up free trade agreement (FTA) talks on Monday, the Ministry of Commerce said. The announcement was made during a video conference between Minister of Commerce Pan Sorasak and his Chinese counterpart Zhong Shan. The deal is expected to propel bilateral trade ...

Thou Vireak
https://www.phnompenhpost.com/business/sino-cambodia-fta-talks-wrap-signing-follow

Passenger traffic slides down 67 percent while development of new airports boom

Cambodia’s three international airports handled 1.9 million air passengers in the first six months of this year, a 67.5 percent decrease from 6 million air passengers last year.​ ...

Chea Vannak /AKP
https://www.khmertimeskh.com/50747225/passenger-traffic-slides-down-67-percent-while-development-of-new-airports-boom/

Promised sky train delayed over expense

The government’s sky train project from Phnom Penh city centre to the international airport has been delayed because the cost is higher than expected, according to an official from the Ministry of Public Works and Transport (MPWT). ...

Sorn Sarath
https://www.khmertimeskh.com/50747814/promised-sky-train-delayed-over-expense/

Cambodia-U.S. trade Up 18 percent in first five months

Bilateral trade between Cambodia and the U.S. was recorded at $2,488.3 billion in the first five months of this year, a year-on-year increase of 18 percent. Statistics from the U.S. Census Bureau, from January to May, the Kingdom exported $2,363 million worth of products to ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50748234/cambodia-u-s-trade-up-18-percent-in-first-five-months/

Cambodia-China FTA to boost bilateral trade, investment ties

The free trade agreement (FTA) between Cambodia and China will undoubtedly promote stronger trade and investment ties between the two countries, Cambodia’s Commerce Minister Pan Sorasak said in a recent interview with Chinese media. ...

Xinhua
https://www.khmertimeskh.com/50752996/cambodia-china-fta-to-boost-bilateral-trade-investment-ties/

Cambodia Angkor Air ready to take-off

Cambodia Angkor Air, the national flag carrier, says its business operations are optimistic and well prepared in terms of strengthening domestic flights and expanding international flights, according to its chairman. ...

Sok Chan
https://www.khmertimeskh.com/50749135/cambodia-angkor-air-ready-to-take-off/

Free trade agreement talks with Korea set to kick off on Thursday

Cambodia and South Korea will begin first-round negotiations on a bilateral free trade agreement (FTA) on Thursday, another step toward diversifying the Kingdom’s exports following the recent completion of FTA talks with China. ...

Thou Vireak
https://www.phnompenhpost.com/business/free-trade-agreement-talks-korea-set-kick-thursday

Work on new power line to start next year

The construction of a power transmission line connecting the Kingdom’s south to the border with Laos is expected to be started at least by next year, according to an official from the Ministry of Mines and Energy (MME). ...

Sorn Sarath
https://www.khmertimeskh.com/50749700/work-on-new-power-line-to-start-next-year/

Mondulkiri expecting sustainable tourism development

Tourism development master plan for Mondulkiri is on the way, with a sharp priority on sustainable and green tourism. Minister of Tourism and Chairman of the inter-ministerial commission for tourism master plan development Thong Khon recently led a discussion workshop of the draft master plan ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50754563/mondulkiri-expecting-sustainable-tourism-development/

Ministry issues thunderstorm warning for several provinces

The Ministry of Water Resources and Meteorology today warned of thunderstorms and strong winds occurring in provinces along the Dangrek mountain range and northeastern plateau from tomorrow until Thursday. ...

Khann Chan Virak
https://www.khmertimeskh.com/50755624/ministry-issues-thunderstorm-warning-for-several-provinces/

UK FTA could be on horizon

Cambodia and the UK have vowed to boost their bilateral trade as the Kingdom looks to establish a bilateral free trade agreement with the country. The understanding was made during a meeting between secretary of state of the Ministry of Commerce Sok Sopheak and deputy ...

Thou Vireak
https://www.phnompenhpost.com/business/uk-fta-could-be-horizon

Cambodia-Japan trade reaches $1.1 billion in first seven months

Bilateral trade between Cambodia and Japan was recorded at $1,175 million in the first seven months of this year, inching down 5.7 percent compared to the same period last year. ...

Chea Vannak /AKP
https://www.khmertimeskh.com/50764528/cambodia-japan-trade-reaches-1-1-billion-in-first-seven-months/

Vaccine not a cure-all for Covid-19, official warns

While the government prepares to purchase Covid-19 vaccines, it has appealed to the public to understand that vaccinations will not be a panacea solution and to remember to remain vigilant in efforts to prevent spread of infection. ...

Mom Kunthear
https://www.phnompenhpost.com/national/vaccine-not-cure-all-covid-19-official-warns

Cambodian, Vietnamese Central Banks satisfied with bilateral cooperation

The Central Banks of Cambodia and Vietnam have lauded the progress of their bilateral cooperation which has contributed significantly to the development of the banking and economic sectors of the two countries. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50792134/cambodian-vietnamese-central-banks-satisfied-with-bilateral-cooperation/

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