Human rights violation, deforestation evident in Cambodia’s gold mine operations over 20 years – report
A recent report by Equitable Cambodia has exposed the commercial gold mining industry’s involvement in deforestation, violation of rights, encroachment and land grab of traditional indigenous forested areas. ...
PWSA profit rises 35.62% in Q1
Public-listed Phnom Penh Water Supply Authority (PWSA) recently declared a profit of KHR 52.09 billion ($12.59 million) for the first quarter (Q1) of 2024, a rise of 35.62 percent compared to the same period last year. ...
Manoj Mathew
https://www.khmertimeskh.com/501504460/pwsa-profit-rises-35-62-in-q1/
Loan-to-deposit ratio normalising in 2024, say bankers
A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion. ...
Rachel David
https://www.khmertimeskh.com/501505072/loan-to-deposit-ratio-normalising-in-2024-say-bankers/
Cambodia-Vietnam trade to exceed $10 billion in 2024
Cambodia and Vietnam are on track to exceed $10 billion in trade by the end of 2024, said Vietnam’s Ambassador to Cambodia Nguyen Huy Tang. ...
Chea Vanyuth
https://www.khmertimeskh.com/501511526/cambodia-vietnam-trade-to-exceed-10-billion-in-2024/
Korean firm plans to invest in Kingdom’s clean energy sector
A delegation from Hyuckjin Energy Plant Engineering, a company that deals with environmentally specialized businesses with high-tech and ecotechnology is keen on converting Cambodia’s waste into clean energy, using about 100 tonnes of waste to create 25 megawatts of electricity per day. ...
Nhean Chamrong
https://www.khmertimeskh.com/501487848/korean-firm-plans-to-invest-in-kingdoms-clean-energy-sector/
South Korean pharma eyes medical device venture in Cambodia
Representatives from Poonglim Pharmatech Inc., headquartered in the Republic of Korea’s Jeonbuk-do province, are exploring investment opportunities in medical device manufacturing in Cambodia, following a meeting with Suon Sophal, Deputy Secretary General of the Cambodian Investment Board (CIB), at Council for the Development of Cambodia ...
James Whitehead
https://www.khmertimeskh.com/501515044/south-korean-pharma-eyes-medical-device-venture-in-cambodia/
Top diplomat to take part in MLC Foreign Ministers’ Meeting
Minister of Foreign Affairs and International Cooperation Sok Chenda Sophea will lead a delegation to the 9th Mekong-Lancang Cooperation (MLC) Foreign Ministers’ Meeting in Chiang Mai, Thailand on August 16 at the invitation of his Thai counterpart Maris Sangiampongsa. ...
Ry Sochan
https://www.phnompenhpost.com/national/top-diplomat-to-take-part-in-mlc-foreign-ministers-meeting
MAFF to hold first Cambodian Aquaculture Expo in Nov
The Fisheries Administration of the Ministry of Agriculture, Forestry and Fisheries will organize the first Cambodian Aquaculture Exhibition in November to promote aquaculture or local breeding products. ...
Mom Kunthear
https://www.khmertimeskh.com/501549609/maff-to-hold-first-cambodian-aquaculture-expo-in-nov/
Cambodia sends 22 vehicles for peacekeeping mission in CAR
Cambodia has dispatched 22 units of multipurpose transport and heavy equipment, including mine-protected vehicles (MPVs), to the Central African Republic (CAR) for the UN Multidimensional Integrated Stabilization Mission in the CAR (MINUSCA), following a request from the UN. ...
Niem Chheng
https://www.phnompenhpost.com/national/cambodia-sends-22-vehicles-for-peacekeeping-mission-in-car
Pundits: Jump in steel imports may not reflect real estate recovery
Cambodia imported more than $400 million worth of iron and steel in the first eight months of the year, an increase of nearly 60% on the same period last year. This has given some hope that the housing construction sector may be gradually picking up ...
Hundreds of people near Angkor erupted in protest during the demolition of the Apsara Authority, accusing it of illegal construction
Hundreds of villagers from seven villages near Angkor in Khnat commune, Puok district and Teuk Vil commune, Siem Reap municipality, Siem Reap province, erupted in protest during the Apsara Authority’s demolition, accusing them of building illegally as they feared forced evictions and homelessness, according to ...
Real estate momentum slow at 0.5 percent growth in 2023
Real estate growth has marginally improved year-over-year. But the momentum of growth is still slow with 2023 seeing the real estate sector grow 0.5 percent, compared to 0.2 percent in 2022. ...
Rachel David
https://www.khmertimeskh.com/501446564/real-estate-momentum-slow-at-0-5-percent-growth-in-2023/
17 mega US firms keen to explore investment opportunities in Cambodia
Representatives from 17 mega firms from the United States have evinced interest in exploring investment opportunities in the Kingdom. ...
Chea Vanyuth
https://www.khmertimeskh.com/501447882/17-mega-us-firms-keen-to-explore-investment-opportunities-in-cambodia/
Emirates to resume daily Phnom Penh service in May
Emirates airline will restart its daily service to Phnom Penh starting from May 1 via Singapore, boosting the airline’s Southeast Asian connectivity to and from Dubai, and linking two trade and leisure centres in the region. ...
Chea Vanyuth
https://www.khmertimeskh.com/501448533/emirates-to-resume-daily-phnom-penh-service-in-may/
Cambodia Private Commercial Centre launched in Dubai
Cambodia’s bilateral trade with the United Arab Emirates (UAE) is poised to grow further after the Cambodia Private Commercial Center was officially launched in Dubai. ...
Chea Vanyuth
https://www.khmertimeskh.com/501447220/cambodia-private-commercial-centre-launched-in-dubai/
Cambodia’s foreign reserves rise to $20 bln in 2023
Cambodia’s international reserves increased to $20 billion in 2023, representing a year-on-year rise of 12.3 percent, the central bank said on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501429536/cambodias-foreign-reserves-rise-to-20-bln-in-2023/
Cambodia’s exports surge 22.7% in first two months
Cambodia’s international trade recorded a growth of 19.2 percent in the first two months of this year compared to the same period last year and reached $8.12 billion. While exports surged 22.7 percent to reach $3.98 billion, imports grew by 16.1 percent to reach $4.13 ...
Manoj Mathew
https://www.khmertimeskh.com/501454157/cambodias-exports-surge-22-7-in-first-two-months/
Cambodia attracts $1.39 bln investment in first 2 months of 2024
Cambodia approved fixed-asset investment projects worth $1.39 billion in the first two months of 2024, a significant rise of about 500 percent compared to the same period last year, a Council for the Development of Cambodia (CDC)’s report said on Sunday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501454423/cambodia-attracts-1-39-bln-investment-in-first-2-months-of-2024/
NBC reports 44% surge in electronic riel transactions
National Bank of Cambodia (NBC) governor Chea Serey announced an increase in electronic transactions and payments in Cambodian riel for 2023, noting that they were 44% higher than in 2022. ...
Van Socheata
https://www.phnompenhpost.com/national/nbc-reports-44-surge-in-electronic-riel-transactions
ADB projects Cambodia to grow at 5.8% in 2024
Rising tourism footfalls and strong manufacturing prospects will drive Cambodia’s economy to grow at the rate of 5.8 percent this year and six percent next year, according to the latest edition of the Asian Development Bank’s (ADB) flagship economic report, released yesterday. ...
Manoj Mathew
https://www.khmertimeskh.com/501471600/adb-projects-cambodia-to-grow-at-5-8-in-2024/