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PM Hun Sen highlights Cambodia’s key contribution to ASEAN

Prime Minister Hun Sen said Cambodia has done many things in contribution to ASEAN, including the entry into force of the Regional Comprehensive Economic Partnership (RCEP) and the signing of the Declaration on the Conduct of Parties in the South China Sea. (DOC). ...

Khmer Times Staff
https://www.khmertimeskh.com/501209402/pm-hun-sen-highlights-cambodias-key-contribution-to-asean/

GMAC head sets clothing export goal

Cambodia is set for a 30 per cent increase in garment exports this year, according to Garment Manufacturers Association in Cambodia [GMAC] President Van Sou Ieng. The sector was heavily dependent on foreign buyers, which were increasing their orders as the global economy recovered, he said. ...

http://www.phnompenhpost.com/index.php/2011070550174/Business/garment-gains-gmac-head-sets-clothing-export-goal.html

BBAC event set to lure British firms

The number of British companies operating in the country is expected to increase in the coming years, as the British Business Association of Cambodia (BBAC) gears up to chair the Kingdom’s first Britain in Southeast Asia conference next month. The conference, which is set to draw ...

http://www.phnompenhpost.com/index.php/2011091451618/Business/bbac-event-set-to-lure-british-firms.html

Banking sector shows growth in 3rd quarter

Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last ...

Siem Reap resort in works by China firm

Shanghai-based Join.In Hospitality Management (JHM) has revealed plans to expand its Tonino Lamborghini Hotel & Resort – a luxury hotel chain – by opening a hotel in Siem Reap, its first outside China. In a press release, JHM announced earlier this week that it has ...

Hor Kimsay
https://www.phnompenhpost.com/business/siem-reap-resort-works-china-firm

Cambodia accused Vietnam of systematic logging fraud

Cambodia has asked Interpol to investigate its allegations that Vietnam has repeatedly and knowingly accepted fraudulent permits for endangered luxury timber that is illegally logged across the border. ...

David Boyle
https://www.voanews.com/a/cambodia-logging-vietnam/4595854.html

Polls a budget buster?

The National Election Committee (NEC) will spend $53 million to conduct the July 29 national polls. The figure is higher than previously allocated, after the European Union (EU) and the US suspended donations following last year’s court-mandated dissolution of the Cambodia National Rescue Party (CNRP). ...

Mech Dara
https://www.phnompenhpost.com/national/polls-budget-buster

Thousands must still register to vote: NEC

The National Election Committee yesterday said that more than 8.5 million people have been officially registered on the 2018 voter list. According to an NEC press release, there were 195,385 new voters registered in 2018, while 56,941 people were removed from the voter list. ...

Pech Sotheary
https://www.khmertimeskh.com/50564716/thousands-must-still-register-to-vote-nec/

Despite election uncertainty, exports achieve solid growth

Exports of garment and footwear products achieved solid growth during the first half of the year, expanding by 9.3 percent. According to the Ministry of Commerce, exports from the country’s garment industry were valued at $3.7 billion during the first six months of the year. ...

May Kunmakara
https://www.khmertimeskh.com/50517748/despite-election-uncertainty-exports-achieve-solid-growth/

China’s ambassador praises PM

Despite repeatedly claiming that China does not dictate Cambodia’s foreign policy, the government yesterday was lauded by Chinese Ambassador to Cambodia Bu Jianguo, who said China’s leaders and millions of Chinese people thanked Prime Minister Hun Sen for backing Beijing on the South China Sea ...

Ven Rathavong
http://www.khmertimeskh.com/news/27984/china---s-ambassador-praises-pm/

Women run Cambodia's street economy: report

Women make up the majority of street vendors selling food, clothes and a range of other retail goods across Cambodia, a new report in the peer-reviewed International Journal of Business has revealed. Using data from Cambodia’s economic census, researchers Nobuo Hirohata and Kazuhiro Fukuyo, from Yamaguchi ...

Cristina Maza
http://www.phnompenhpost.com/national/women-run-cambodias-street-economy-report

ANZ: good growth but diversify

Cambodia’s gross domestic product (GDP) is predicted to grow around 7.2 percent this year, buoyed up by clothing and apparel exports to the European Union (EU), according to estimates by the ANZ Group. The banking group also advised the Kingdom to diversify its economy and ...

Sok Chan
http://www.khmertimeskh.com/news/28144/anz--good-growth-but-diversify/

Fleeing factory owners to pay

The Ministry of Labor is preparing to enact regulations that would provide some amount of monetary relief to workers left in the lurch by factory owners who flee the country. The widespread practice has led to a number of months-long protests as more and more factory ...

Mom Kunthear
http://www.khmertimeskh.com/news/29438/fleeing-factory-owners-to-pay/

NGOs point to mounting dropout problem

NGOs on Saturday aired their concerns about the possibility of a high school dropout rate, particularly in rural areas. The organizations said that government policies, lack of school facilities and unfavorable school environments are all factors leading young people to drop out. ...

Srey Kumneth and Pav Suy
http://www.khmertimeskh.com/news/18904/ngos-point-to-mounting-dropout-problem/

Control credit, says Moody's

While Cambodia’s Moody’s rating is still at the same B2 level as last year, its economic growth has been downgraded two points from 2015, with the international credit rating agency warning that the Kingdom’s rapid pace of credit growth could pose financial stability risks. “The pace ...

May Kunmakara
http://www.khmertimeskh.com/news/28970/control-credit--says-moody-s/

Unions decry minimum wage rise of $13

Unions are still seething at the new minimum wage figure for garment and footwear industry workers – which the government decided to raise by only $13 per month last Thursday – but stopped short of saying they would organize protests out of a fear for ...

Mom Kunthear
http://www.khmertimeskh.com/news/30312/unions-decry-minimum-wage-rise-of--13/

EU to provide 10 million euros for election reform, NEC still needs more

The European Union pledged €10 million in preparation of the upcoming 2017 and 2018 elections yesterday, which the National Election Committee (NEC) hopes to add to in a new budget they will be submitting to the government, according to NEC officials. ...

Chea Takihiro
http://www.khmertimeskh.com/news/21238/eu-to-provide-10-million-euros-for-election-reform--nec-still-needs-more/

Renewables receive $30M funding boost

The Ministry of Mines and Energy has received $30 million in funding from the Scaling Up Renewable Energy in Low-Income Countries Program (SREP) – an arm of the global Climate Investment Funds initiative – for a solar energy development program that includes home systems, mini-grids ...

Kali Kotoski
http://www.phnompenhpost.com/business/renewables-receive-30m-funding-boost

Asean-China talks set for Cambodia

Cambodia will host the 20th Asean-China meeting aimed at boosting further discussions on the Declaration on the Conduct of Parties in the South China Sea (DOC) which could lead to finalizing the framework of the Code of Conduct (COC).   ...

Cheang Sokha
http://www.khmertimeskh.com/news/36998/asean-china-talks-set-for-cambodia/

New guidelines on impact assessments almost ready

Civil society groups are getting closer to unveiling a new set of guidelines that will change how the impact of big development projects is assessed across the Mekong region, NGOs said yesterday, following the end of a two-month public consultation period. ...

Cristina Maza
http://www.phnompenhpost.com/national/new-guidelines-impact-assessments-almost-ready

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