Unions eye wage discussion
Negotiations for next year’s minimum wage in Cambodia’s garment and footwear sector are already gearing up, as union leaders prepare to meet this month to discuss what wage they will demand. During the week of June 21, union heads will hold a preliminary consensus-building meeting, said ss='cambodia-color'>...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/unions-eye-wage-discussion
PM: Economic growth hampered by Covid-19
Prime Minister Hun sen on Tuesday reiterated that the Kingdom’s projected economic growth of 6.5 per cent will be hit hard by the Coronavirus outbreak, and not because of the EU’s partial withdrawal of the ‘Everything But Arms’ (EBA) scheme. ss='cambodia-color'>...
Niem Chheng
https://www.phnompenhpost.com/national-politics/pm-economic-growth-hampered-covid-19
Price-hike warning issued to house buyers
Property and land prices are set to rise in Lvea Aem district’s Kandal province following the government’s announcement of their future plan to partially integrate the area into a new district within Phnom Penh. ss='cambodia-color'>...
Chhut Bunthoeun
https://www.khmertimeskh.com/50697728/price-hike-warning-issued-to-house-buyers
GDP Growth to Shrink to 2.5% Amid Pandemic, World Bank Projects
Cambodia’s GDP growth this year could drop to its lowest rate in more than a decade, the World Bank projects, with some economic experts warning that the country’s reliance on international markets could slow recovery. ss='cambodia-color'>...
Danielle Keeton-Olsen
https://vodenglish.news/gdp-growth-to-shrink-to-2-5-amid-pandemic-world-bank-projects/
New Justice Minister vows reforms and speedier trial procedures
Interior Minister sar Kheng yesterday urged newly appointed Justice Minister Keut Rith to improve the judiciary and expedite resolution of pending cases to boost the public’s confidence towards the country’s judicial system. ss='cambodia-color'>...
Khuon Narim
https://www.khmertimeskh.com/50708544/new-justice-minister-vows-reforms-and-speedier-trial-procedures/
$3.5M for potato seeds project
Cambodia’s Minister of Agriculture Veng sakhon has told local media that his ministry plans to purchase $3.5 million’s worth of potato seeds, in a project partnering with south Korea to produce potatoes in the Mondulkiri province. ss='cambodia-color'>...
Sok Chan
https://www.khmertimeskh.com/50713733/3-5m-for-potato-seeds-project/
Banks see growth in Q1
Loans and deposits at Cambodia’s 31 commercial banks grew 35 per cent and 25 per cent respectively during the first quarter of the year on what insiders called increased soundness in the Kingdom’s financial sector. Outstanding loans at the end of March hit Us$4.6 billion, according ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012061256735/Business/banks-see-growth-in-q1.html
Beeline officials mum on sales buzz
Questions remained yesterday about the fate of mobile operator Beeline Cambodia following the sale of parent company Vimpelcom’s Vietnamese assets earlier in the week. Despite a report on Tuesday in the Russian newspaper Kommersant that sources close to Vimpelcom’s shareholders had said the sale of Cambodian operations was under consideration, company officials ss='cambodia-color'>...
Etiqa Insurance to get foothold in nation
Cambodia’s Ministry of Economy and Finance has granted a business licence to Etiqa Insurance & Takaful, a leading insurance provider in Malaysia, paving the way for the firm to tap into the Kingdom’s nascent insurance market, the company announced. ss='cambodia-color'>...
Chhut Bunthoeu
https://www.khmertimeskh.com/50726930/etiqa-insurance-to-get-foothold-in-nation/
Eyes in the sky put illegal logging in focus
Cambodia’s illegal loggers will soon have a potentially powerful new foe: a pair of NAsA satellites with a keen interest in what they’re up to. Researchers at the University of Maryland in the U.s. say an innovative new system that picks up signs of forest loss ss='cambodia-color'>...
Zsombor Peter
https://www.cambodiadaily.com/news/eyes-sky-put-illegal-logging-focus-121259/
Telcos still vie for subscribers
The battle for subscriber numbers rages on in the still-clustered Cambodian mobile market. smart Mobile this week announced it passed the 3 million-subscriber mark, which would make it Cambodia’s second-largest operator by subscriber numbers after Vietnam’s Metfone. Numbers obtained by the Post showed Cellcard with a consecutive ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012061456789/Business/telcos-still-vie-for-subscribers.html
Steung Trang-Krouch Chhmar Bridge completed 87 percent
The construction of a bridge connecting Kampong Cham’s steung Trang and Tbong Khmum’s Krouch Chhmar District has been completed 87.5 percent by May and is scheduled for completion by March 2021, according to the Ministry of Public Works and Transport. ss='cambodia-color'>...
Sok Chan
https://www.khmertimeskh.com/50729718/steung-trang-krouch-chhmar-bridge-completed-87-percent/
Angkor Wat records a 99.5 percent drop in monthly revenue
Revenue at Cambodia’s Angkor Archaeological Park has seen a staggering decline in revenue from April ticket sales, as extreme travel restrictions due to the COVID-19 pandemic decimated the Kingdom’s most famous attraction. ss='cambodia-color'>...
Chhut Bunthoeun
https://www.khmertimeskh.com/50719371/angkor-wat-records-a-99-5-percent-drop-in-monthly-revenue/
Cambodia ‘ripe’ for money laundering
Cambodia is ripe for money-laundering and terrorist financing activities due to rampant corruption, banking-sector secrecy and an overall lack of financial transparency, a governance institute says in a report released this week. The switzerland-based Basel Institute on Governance has ranked Cambodia the third “highest-risk” country out of 144 ss='cambodia-color'>...
Acleda, CDB ink $130M credit facility pact
Acleda Bank Plc, Cambodia’s largest locally-owned commercial bank, has signed a $130 million long-term facility agreement with Chinese state-owned China Development Bank Corp (CDB), the world’s largest development bank by assets, it said in a press release on Friday. ss='cambodia-color'>...
Thou Vireak
https://www.phnompenhpost.com/business/acleda-cdb-ink-130m-credit-facility-pact
Battambang ancient lake restored
Authorities in Battambang province’s Ek Phnom district have been given permission to begin restoration of Takom Lake, a 10ha ancient lake located in the district’s Peam Ek commune. ss='cambodia-color'>...
Nov Sivutha
https://www.phnompenhpost.com/national/battambang-ancient-lake-restored
Specialists remove underwater UXO
SpecialiStS from the National Centre for Peacekeeping ForceS, MineS and ExploSive RemnantS of War Clearance (NPMEC), in cooperation with the army&rSquo;S Special ForceS Command (SFC), have conducted underwater operationS to extract munitionS from warShipS which Sank in Kampong Cham province&rSquo;S Srei Santhor diStrict during the SS='cambodia-color'>...
Nov Sivutha
https://www.phnompenhpost.com/national/specialists-remove-underwater-uxo
Cambodian agricultural partnership competition launched
Cambodian Agricultural Partnership Competition has recently kicked off with an aim to address key challenges in Cambodia’s agriculture sector including cold chain, storage capacity, and logistics, said the U.s. Embassy in Phnom Penh in a press release issued yesterday. ss='cambodia-color'>...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50819600/cambodian-agricultural-partnership-competition-launched/
BookLab teaches children social skills
The Asia Foundation with support from smart Axiata has launched BookLab – a children’s book creation event to produce 10 children’s storybooks, laying out different situations and problems for young readers to learn and explore. ss='cambodia-color'>...
Voun Dara
https://www.phnompenhpost.com/national/booklab-teaches-children-social-skills
Fintech points the way to full financial inclusion for Cambodians
With more cellphones existing in the Kingdom than citizens and one of the youngest populations in the world, Cambodia’s mobile financial industry may be poised to bring the Kingdom’s deficit in financial inclusion to an end. ss='cambodia-color'>...
Husain Haider
https://www.khmertimeskh.com/50809969/fintech-points-the-way-to-full-financial-inclusion-for-cambodians/