WEF ranking upgrade boosts tourism
Cambodia has improved its ranking in the World Economic Forum’s (WEF) Travel and Tourism Competitiveness Index. The nation was ranked 101 of 136 countries in the 2017 report, thanks to performance improvements that drove an overall score increase from 3.2 points in 2015 to 3.3 ...
Chea Vannak
http://www.khmertimeskh.com/news/37636/wef-ranking-upgrade-boosts-tourism/
Cambodia’s economy continues to recover strongly, says AMRO
An initial research by an international economic and financial research organisation shows that Cambodia’s economy has continued to recover strongly with a high growth rate that is supported by more active domestic economic activities and growth in its service sector, according to a statement released ...
Kang Sothear
https://www.khmertimeskh.com/501360750/cambodias-economy-continues-to-recover-strongly-says-amro/
Steady growth hinges on economic integration -- Cambodia minister
Integrating Asian economies through a proposed regional partnership and other trade deals is vital for achieving sustainable growth, Cambodia’s public works minister said on Monday. ...
NBC survey shows riel perceptions
The central bank released its first-ever national study yesterday on perceptions and usage of the riel and foreign currencies in Cambodia, which aimed at not only understanding existing trends, but also at steering future financial legislation to boost the circulation of Cambodia’s national currency. ...
Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/nbc-survey-shows-riel-perceptions
Cambodia reaffirms its stance in favor of multilateralism system
Cambodia continues to be committed to the multilateral system, rule-based international order and principle of non-interference, in order to protect and promote peace both at home and in the world. ...
Khmer Times Staff
https://www.khmertimeskh.com/501354812/cambodia-reaffirms-its-stance-in-favor-of-multilateralism-system/
More companies must list for the CSX to be a success
One of the personalities closely associated with the development of the stock exchange in Cambodia, Morten Kvammen, a director at SBI Royal Securities, says the CSX needs more companies to list in order to be successful. Kvammen, a graduate of the Wharton School of Finance and ...
Ministries need to pull together on skills gap
The Ministry of Economy and Finance is urging ministries to avoid overlapping each other’s programs when it comes to tackling the Kingdom’s long-lamented human resource skills gap. A workshop was held yesterday between the Finance Ministry, the Ministry of Education, the Ministry of Labour, the private ...
Chan Muyhong
http://www.phnompenhpost.com/business/ministries-need-pull-together-skills-gap
SME Bank announces loans for tourism sector
SME Bank of Cambodia Plc and several financial partner institutions have announced that applications for credit under the Tourism Restoration Cooperative Project are being accepted from July 1. ...
Sok Sithika
https://www.khmertimeskh.com/501105841/sme-bank-announces-loans-for-tourism-sector/
Cambodia Post launches e-payment, money transfer app
In a bid to modernise its offer of services, Cambodia Post, the state agency responsible for providing postal service in the Kingdom, on Friday unveiled a new application that enables electronic payments for a range of services as well as money transfers. ...
Sok Chan
https://www.khmertimeskh.com/50499269/cambodia-post-launches-e-payment-money-transfer-app/
Farmers biggest source of investment in agriculture
Despite attention from Foreign Direct Investment (FDI) and official development assistance, farmers are by far the largest source of investment in agriculture, the State of Food and Agriculture 2012 report by the Food and Agriculture Organization published last week said. Farmers in low and middle income ...
Government eyeing low-cost housing
An estimated 7.9 million people in Cambodia will be living in urban areas by 2030, up from 4.5 million in 2014, with officials at a forum on national housing yesterday announcing ambitious plans to meet the demand for some 55,000 affordable new homes each year. ...
Touch Sokha and Yesenia Amaro
http://www.phnompenhpost.com/national/government-eyeing-low-cost-housing
Accounting standards miss mark
The first-ever study to measure compliance with Cambodia’s new Law on Accounting and Auditing found few companies willing to talk about their accounting practices, and a low rate of compliance among those that did. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/accounting-standards-miss-mark
Phnom Penh school has terrorist ties, Diplomat says
Turkey’s ambassador to Cambodia alleged on Monday that a top international school in Phnom Penh is overseen by the “terrorist organization” behind last week’s thwarted coup in Turkey—prompting a threat of legal action by the school. ...
Michael Dickison
https://www.cambodiadaily.com/news/phnom-penh-school-has-terrorist-ties-diplomat-says-115595/
A million tourists gather for Angkor Sangkran
The number of tourists travelling during the three-day Khmer New Year festivities saw a dramatic increase this year, with the largest attraction – Angkor Sangkran in Siem Reap – hosting more than a million visitors last week. ...
May Kunmakara
http://www.phnompenhpost.com/business/million-tourists-gather-angkor-sangkran
Germany provides 64 mln USD to Cambodia for development projects
The German government on Wednesday signed up to provide 64 million U.S. dollars to Cambodia for two-year projects in health, rural development, governance reform, and education. According to a press release after the signing ceremony, 27 million U.S. dollars would be allocated to health, 26.5 ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131204/germany-provides-64-mln-usd-cambodia-development-projects
China to finance broadband network construction in Cambodia
The Export and Import Bank of China has agreed to lend Cambodia 50 million U.S. dollars to finance a national broadband network project, the bank’s Zhejiang branch, in east China, announced Friday. ...
Ecns.cn News Staff
http://www.opendevelopmentcambodia.net/wp-admin/post-new.php?post_type=news
Despite a slow start, SEZ profits booming
Special economic zones (SEZs), billed as a one-stop shop for potential investors, have had a slow start in the Kingdom – only 13 out of 30 registered zones are operational – with many failing to get off the ground given the difficulty in providing the ...
Sor Chandara
http://www.phnompenhpost.com/business/despite-slow-start-sez-profits-booming
Tax revenues exceed 2019 projections
Sound macro-economic performance coupled with political stability resulted in the Kingdom collecting some $6 billion in tax last year, up more than $1.485 billion on the government’s target of $4.56 billion for the period. of the figure, $2.26 billion was collected by the General Department ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenues-exceed-2019-projections
Observers signing up for national elections
As of November 7, the National Election Committee (NEC) had registered a total of 2,661 national observers from six NGOs and associations who had applied to observe next year’s general election. ...
Ry Sochan and Chea Sokny
https://www.phnompenhpost.com/national/observers-signing-national-elections
Student group suspended for ‘violating law on NGOs’
A student group was suspended by the Ministry of Interior yesterday for a series of violations of the Law on Associations and Non-governmental Organisations (Lango), including the highly controversial Article 24, which requires organisations to remain “politically neutral”. ...
Soth Koemsoeun and Andrew Nachemson
http://www.phnompenhpost.com/national/student-group-suspended-violating-law-ngos