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Cambodia’s financial sector still ‘strong’: Belgium’s Incofin

The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA. ...

Rann Reuy
https://www.phnompenhpost.com/business/cambodias-financial-sector-still-strong-belgiums-incofin

Guidelines issued to stabilize construction and retail sector

Due to the slower global economic recovery and conflicts between Russia and Ukraine, the government has issued guidelines aimed at maintaining the stability of the construction and real estate sector, considered a priority sector to support overall economic growth in Cambodia. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-guidelines-issued-to-stabilize-construction-and-retail-sector

Cambodian PM to make official visit to China on Thursday

At the invitAtion of Chinese Premier Li Keqiang, Prime Minister of the Kingdom of Cambodia Hun Sen will pay an official visit to China from Feb. 9 to 11, Foreign Ministry Spokesperson Mao Ning announced on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501234083/cambodian-pm-to-make-official-visit-to-china-on-thursday/

A cruise ship visits Sihanoukville with 500 multinational tourists

Nautica, a cruise ship sailing under the flag of the Marshall Islands, in on a day-long visit in Cambodia. The cruise ship with 535 tourists of 36 different nationalities on board docked at Sihanoukville Autonomous Port yesterday  morning. ...

Khmer Times Staff
https://www.khmertimeskh.com/501244026/a-cruise-ship-visits-sihanoukville-with-500-multinational-tourists/

PM rejects Chhay’s apology for ‘defamation’

Prime Minister Hun Sen has rejected an apology from Son Chhay, vice-president of the Candlelight Party (CP), regarding his allegations of vote-rigging by the ruling Cambodian People’s Party’s (CPP) at the commune council elections in June 2022. ...

Samban Chandara
https://www.phnompenhpost.com/national/pm-rejects-chhays-apology-defamation

Exports fall 5.7% to $5.4 billion

Cambodia’s exports declined by 5.7 percent in the first quarter of 2023, with the value of goods exported standing at $5.4 billion compared with $5.8 billion in 2022, according to data released by the General Department of Customs and Excise. . ...

Seng Mengheng
https://kiripost.com/stories/cambodia-exports-fall-57-to-54-billion

Deep-water port construction to increase PAS capacity

The government has been increasing the capacity of listed Sihanoukville Autonomous Port (PAS) through the construction of a deep-water port to allow all types of cargo ships to dock without having to transit at other ports and reduce shipping costs and shipping time. ...

Chea Vanyuth
https://www.khmertimeskh.com/501281966/deep-water-port-construction-to-increase-pas-capacity/

Cambodia has 1.3 million migrant workers abroad, while domestic employment rate is over 99 percent

Prime Minister Hun Sen confirmed in a message on the occasion of the 137th anniversary of International Labor Day on May 1, that currently there are about 1.3 million Cambodian workers abroad, while the employment rate in the country remained at 99.3 percent. ...

Khmer Times Staff
https://www.khmertimeskh.com/501282502/cambodia-has-1-3-million-migrant-workers-abroad-while-domestic-employment-rate-is-over-99-percent/

Breastfeeding promoted in Kampong Thom

STEUNG SEN, KAMPONG THOM PROVINCE -The Ministry of Health (MoH) and partner organizations are encouraging breastfeeding by providing lactation room for women working at the Women Affairs department in Kampong Thom province to ensure young children receive sufficient breast milk. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-breastfeeding-promoted-in-kampong-thom

CDC green lights 15 projects worth nearly $220 million

The Cambodian Special Economic Zone Board (CSEZB) and Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) have approved 15 investment projects worth $218.3 million with plans to recruit more than 17,000 employees to produce various products at different places, according ...

Kang Sothear
https://www.khmertimeskh.com/501314497/cdc-green-lights-15-projects-worth-nearly-220-million/

APSARA continues consolidating platform of Angkor Wat’s Bakan Tower

Experts from the Department of Conservation of Monuments and Preventive Archaeology at the APSARA National Authority continue the third phase project of consolidating the platform of Angkor Wat’s Bakan tower to strengthen the damaged structure. ...

កែវ​ ​រចនា
https://www.khmertimeskh.com/501316496/apsara-continues-consolidating-platform-of-angkor-wats-bakan-tower/

PM: Election law changes apply to all

The amendments to the election law that were unanimously passed by the National Assembly on June 23 were not aimed at opposition parties alone, but would ensure that each of the Kingdom’s political parties would bear responsibility for the people, said Prime Minister Hun Sen. ...

Kim Yutharo
https://www.phnompenhpost.com/national/pm-election-law-changes-apply-all

Gold refines reach 5.3 tons in 2022, paying nearly $10M in tax

Cambodia’s four gold companies refined around 5,300 kg of gold ore, a semi-finished product that is smelted at a mine, as of 2022, paying royalties of $8 million and $1.5 million as tax income, a report from the Ministry of Economy and Finance showed yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501226405/gold-refines-reach-5-3-tons-in-2022-paying-nearly-10m-in-tax/

WCS collects 54 royal turtle eggs in ‘last few days’

NGO Wildlife Conservation Society (WCS) Cambodia on January 19 announced that its turtle conservation team “over the last few days” collected 54 royal turtle eggs laid on an artificial sand bank at the Koh Kong Reptile Conservation Centre (KKRCC). ...

Ry Sochan
https://www.phnompenhpost.com/national/wcs-collects-54-royal-turtle-eggs-last-few-days

Minister of Agriculture chaired a meeting to review the implementation process of ELC investment projects

The Minister of Agriculture, Forestry and Fisheries, Mr. Dith Tina, chaired a meeting to review the implementation of economic land concession investment projects at the ministry on March 16 to provide additional guidance to participate in solving economic land concessions effectively and benefit the national ...

Phnom Penh Post Staff
https://www.postkhmer.com/national/2023-03-17-0245-248103.html

VISA commits to promotion of e-commerce and digital economy of Cambodia

VISA has committed to the enhancement of e-commerce and digital economy of Cambodia, affirmed Chris Clark, VISA’s Regional President for Asia Pacific, while paying a courtesy call on Pan Sorasak, Minister of Commerce, at the ministry office yesterday afternoon. ...

Khmer Times Staff
https://www.khmertimeskh.com/501257303/visa-commits-to-promotion-of-e-commerce-and-digital-economy-of-cambodia/

NSSF’s health provision with one million cases in first quarter of 2023

According to the National Social Security Fund (NSSF), members had access to medical treatment and care services at partner hospitals, with more than one million cases in the first quarter of this year, an increase of more than 30% compared to the same period last ...

So Cheata
https://www.khmertimeskh.com/501266175/nssfs-health-provision-with-one-million-cases-in-first-quarter-of-2023/

Economy to grow 5.5% in 2023 and 6% by 2024

Cambodia’s economy is forecast to grow at 5.5 percent in 2023 and 6 percent in 2024, due to a stronger tourist rebound and faster growth in the services sector, according to a report by Asian Development Bank (ADB). ...

Mao Sreypich
https://kiripost.com/stories/cambodia-economy-to-grow-55-in-2023-and-6-by-2024

ADB urges green investment ramp up

Although a multitude of risks grey Cambodia’s outlook this year, gross domestic product (GDP) growth is forecast a tad higher at 5.5 percent from an estimated 5.2 percent in 2022, according to the Asian Development Bank (ADB) earlier this month. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-adb-urges-green-investment-ramp-up

SSCA eyes 300 weekly China flights

Cambodia and China appear to be pressing ahead with plans to raise the number of direct commercial flights between them to at least 300 per week, which private sector operators envisage will underpin strong growth in tourist flows from the Asian economic powerhouse. ...

May Kunmakara
https://www.phnompenhpost.com/business/ssca-eyes-300-weekly-china-flights

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