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SME Bank operation date accelerated to counter sectors economic headwinds

The state-run Small and Medium Enterprise (SME) Bank has been confirmed to bring forward their opening date to earlier this year than previously planned, stated a senior government official yesterday at the Council of Ministers. ...

Chea Vannak
https://www.khmertimeskh.com/50698611/sme-bank-operation-date-accelerated-to-counter-sectors-economic-headwinds

Four Cambodian river cruise vessels denied docking in Vietnam

Prime Minister Hun Sen has ordered his officials to intervene in helping four Cambodian river cruise vessels which are stuck at Vietnam’s water border as its authorities denied their docking due to fear of a COVID-19 outbreak. ...

Khuon Narim
https://www.khmertimeskh.com/702304/four-cambodian-river-cruise-vessels-denied-docking-in-vietnam/

World Bank advises urgent measures to avoid serious financial shock and recession

The World Bank has released several urgent recommendations to Cambodia and other countries in the East Asia Pacific, stating governments need to act quickly, cooperatively and at scale to avoid serious financial shock and recession due to the COVID-19 outbreak. ...

Sok Chan
https://www.khmertimeskh.com/50708028/world-bank-advises-urgent-measures-to-avoid-serious-financial-shock-and-recession/

Union leader hurt in strike

Thousands of garment workers went on strike yesterday demanding higher wages, fees for transportation and housing, and in one case, the elimination of smelly odours caused by a fish farm near their factory. Workers burned tyres and one union leader was allegedly assaulted with an electric ...

http://www.phnompenhpost.com/index.php/2012050355951/National-news/union-leader-hurt-in-strikes.html

Cambodia, Japan team up to diversify economy

Government officials have joined forces with Japanese experts to formulate a new plan for economic diversity in Cambodia. Foreign direct investment in Cambodian industry has largely gone to garment manufacturing during the past 10 years, putting the country at risk of economic shock in the event ...

http://www.phnompenhpost.com/index.php/2012042755808/Business/cambodia-japan-team-up-to-diversify-economy.html

Sanctuary head sued for not stopping forest occupations

Four Bunong and an Adhoc official filed a joint lawsuit against Keo Seima Wildlife Sanctuary head Prum Vibol Ratanak at the Mondulkiri Provincial Court for failing to stop illegal land occupation and the buying and selling of forest land. ...

Khorn Savi
https://www.phnompenhpost.com/national/sanctuary-head-sued-not-stopping-forest-occupations

Stock trading sees first glitches

Share prices on the Cambodia Securities Exchange yesterday fell for the first time since trading began a week ago, as technical problems reportedly caused a 90 per cent drop in the amount of shares traded. Phnom Penh Water Supply Authority shares dropped 4.9 per cent to 9,700 riel (US$2.44). The ...

http://www.phnompenhpost.com/index.php/2012042555750/Business/csx-sees-first-trading-glitches.html

Five road and bridge projects get approval

In the first three months of this year, the Ministry of Public Works and Transport has implemented the Procurement Agreement on Bridge and Road repairs by allocating financial credits from last year for 12 projects at a cost of 50 billion riel ($12.4 million). ...

Long Kimmarita
https://www.phnompenhpost.com/national/five-road-and-bridge-projects-get-approval

Free-trade talks continue despite the pandemic

Cambodia is closer to inking trade deals with developed economies despite the ongoing COVID-19 pandemic. Seang Thay, a spokesperson at the Ministry of Commerce, told Khmer Times yesterday that the free-trade agreement (FTA) negotiations between Cambodia, South Korea, China and ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50717809/free-trade-talks-continue-despite-the-pandemic/

Real estate boosted last year but likely to suffer this year

The inflow of foreign direct investment (FDI) into the real estate sector in Cambodia was estimated at more than $437.3 million in 2019, according to data from the just-issued National Bank of Cambodia’s (NBC) Annual Banking Supervision Report 2019. ...

Sok Chan
https://www.khmertimeskh.com/50718100/real-estate-boosted-last-year-but-likely-to-suffer-this-year/

Mekong River Commission meets on Lao dam

The Mekong River Commission held its second stakeholder meeting on Laos’s controversial proposed Pak Beng dam on Friday, giving involved parties the opportunity to hear responses to concerns raised at the first meeting in February. ...

Andrew Nachemson
http://www.phnompenhpost.com/national/mekong-river-commission-meets-lao-dam

Vietnam logging numbers being ‘verified’: official

Vietnamese customs data showing that Cambodia exported at least $121 million of woodthis year are currently being investigated by government officials, according to Environment Ministry Undersecretary of State Eang Sophalleth. ...

Jack Davies and Mech Dara
http://www.phnompenhpost.com/national/vietnam-logging-numbers-being-verified-official

Improvement pledged after spate of robberies

The Ministry of Justice and other authorities yesterday acknowledged their shortcomings and vowed to improve cooperation, following a second special meeting at the ministry sparked by a recent rash of armed robberies. ...

Lay Samean
http://www.phnompenhpost.com/national/improvement-pledged-after-spate-robberies

Minister warns of drought, land degradation

At a conference entitled Sustainable production and use of food, animal feed and fibre, Minister of Agriculture, Forestry and Fisheries Veng Sakhon said deforestAtion, unhealthy environmental practices and climAte change has led to a decrease in land quality. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/minister-warns-drought-land-degradation

Another 150-megawatt hydro power project proposed upstream of Tatay River

A 150-megawatt hydro power project has been proposed to be developed upstream of the Tatay River, located in Koh Kong province’s Thmar Baing district, as the investor is proceeding with the environment and social assessment aspects at the sub-national level. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50738749/another-150-megawatt-hydro-power-project-proposed-upstream-of-tatay-river/

After FTA with China, S. Korea next in line to negotiate free trade agreement

A free trade agreement negotiation between Cambodia and the Republic of Korea has been scheduled to kick-start shortly. This was said by Pan Sorasak, Minister of Commerce when meeting Park Heung-Kyeong, Ambassador of S. Korea to Cambodia, at the ministry office. ...

Khmer Times Staff
https://www.khmertimeskh.com/50743512/after-fta-with-china-s-korea-next-in-line-to-negotiate-free-trade-agreement/

Cambodia FM to have talks with Russian counterpart

Prak Sokhonn, Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation will participate in the Special ASEAN-Russia Foreign Ministers’ Meeting on COVID-19 via video-conference to be held on the 17th of June at 2:00 in the afternoon. ...

https://www.khmertimeskh.com/50734117/cambodia-fm-to-have-talks-with-russian-counterpart/

Bunong ask gov’t to remove land markers

The Bunong ethnic community in Mondulkiri province has asked that environment officials remove land markers at the Nam Lear Wildlife Sanctuary near the Tuol Svay environmental headquarters. They also urged officials to take legal action against those who planted them. ...

Khorn Savi
https://www.phnompenhpost.com/national/bunong-ask-govt-remove-land-markers

Gov't says Cambodia facing most severe flooding in years

The flooding was caused by torrential rainfall from tropical storms, and has killed at least 12 people and affected more than 30,000 households across 17 provinces nationwide, according to the National Committee for Disaster Management (NCDM).​ ...

Aun Chhengpor
https://www.voacambodia.com/a/govt-says-cambodia-facing-most-severe-flooding-in-years/5621010.html

Vegetable planting up, but not yet feeding local demand in full

Vegetable planting in Cambodia is reported up dramatically, but the nation cannot end imports because local consumption is bigger than production, said Minister of Agriculture Forestry and Fisheries Veng Sakhon at the celebration of the seventhth national nutrition day in Kampong. ...

Sar Socheath
https://www.khmertimeskh.com/50787580/vegetable-planting-up-but-not-yet-feeding-local-demand-in-full/

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