Cambodia sells more, buys less
Trade between Thailand and Cambodia went off in a wild divergence in the first quarter of this year. Exports from Cambodia rose 19% to US$102 million (2.9 billion baht) year-on-year, while Thailand’s imports recorded a 4% decline to $1 billion, the Phnom Penh Post reported on ...
http://www.bangkokpost.com/breakingnews/351002/strong-baht-sends-thai-exports-to-cambodia-down
King To Invite Both Parties to Open Assembly
Following a weekend of opposition demonstrations and rejection of official election results, King Norodom Sihamoni on Monday called for the two political parties embroiled in Cambodia’s post-election deadlock to open a legislative meeting on the Sept. 28 deadline. The opposition Cambodia National Rescue Party has said ...
Sok Khemara
http://www.voacambodia.com/content/cambodian-king-to-invite-both-parties-to-open-assembly/1746288.html
Lower Mekong fish production estimated to be worth up to $7 bln a year
Production from freshwater capture fisheries and aquaculture in the Lower Mekong Basin is estimated to be worth up to $7 billion a year, the Mekong River Commission says. The newsletter said total first-sale value was estimated at $3.9 to $7.0 billion per year. “Over the ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODc4MWI3YWIwNDF#sthash.cv2zcyPP.Aswun6lj.dpuf
Questions raised over land sale at lakeside
Developer Shukaku has sold off close to 1.3 hectares of land at the capital’s controversial Boeung Kak lake site to a Singapore-listed HLH Group company, according to a statement from HLH. HLH subsidiary D’Lotus Development purchased the land at Boeung Kak in Daun Penh district for ...
Chan Muyhong
http://www.phnompenhpost.com/business/questions-raised-over-land-sale-lakeside
Grand Twins revenue plunges
Grand Twins International (GTI), one of two listed firms on the Cambodian Stock Exchange, has blamed third-quarter revenue losses on garment-worker demonstrations in December and January. On November 21, GTI posted a 40 per cent decline in revenue to $10.9 million for the three-month period ending ...
Eddie Morton
http://www.phnompenhpost.com/business/grand-twins-revenue-plunges
Project aims to build latrines in rural areas
A new US$10.9 million grant from the Bill & Melinda Gates Foundation will fund a three-year project by international development NGO East Meets West (EMW) to improve sanitation and hygiene among the poor in rural Cambodia and Vietnam. According to EMW, the program seeks to combat the negative effects of ...
Cambodia-U.S. trade Up 18 percent in first five months
Bilateral trade between Cambodia and the U.S. was recorded at $2,488.3 billion in the first five months of this year, a year-on-year increase of 18 percent. Statistics from the U.S. Census Bureau, from January to May, the Kingdom exported $2,363 million worth of products to ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50748234/cambodia-u-s-trade-up-18-percent-in-first-five-months/
India seeking pepper and turmeric from Cambodia
The Indian Embassy to Cambodia has stated it seeks to see increased imports of pepper and turmeric from Cambodia. This potential hike in bilateral trade with India was discussed at a meeting held March 9 between Indian Ambassador to Cambodia Dr Devyani Uttam Khobragade and ...
Chea Vanyuth
https://www.khmertimeskh.com/50822835/india-seeking-pepper-and-turmeric-from-cambodia/
Draft investment law approved
The government has approved the draft investment law, following a plenary session of the Council of Ministers chaired by Prime Minister Hun Sen via a Zoom call on July 9. “The law is aimed at increasing Cambodia’s potential at attracting more domestic and foreign investors,” Hun ...
Hin Pisei
https://www.phnompenhpost.com/business/draft-investment-law-approved
The official launch of "KhmerSME - national digital information platform for micro, small and medium enterprises
On 21 October 2021, the Ministry of Industry, Science, Technology & Information issued a press release on the official launch of “KhmerSME – national digital information platform for micro, small and medium enterprises.The Ministry of Industry, Science, Technology & Information will organize the officail launch ...
Ministry of Industry, Science, Technology & Information
Cambodia’s public debt almost touched $10 billion last year
Cambodia’s total public debt stock is expected to increase approximately 1.42 percent to reach $9.97 billion by the end of 2022 compared to over $7 billion five years ago, while the national budget law allowed the government to borrow about $1.26 billion or $1.7 billion ...
Kang Sothear
https://www.khmertimeskh.com/501226200/cambodias-public-debt-almost-touched-10-billion-last-year/
Kingdom’s raw cashew output down nearly 16%
The Kingdom’s raw cashew production in the first seven months of the year reached only 620,000 tonnes, a decline of 15.9 percent compared to the same period last year while Vietnam remained the top buyer, importing around 95.32 percent of all raw cashew produced in ...
Nhean Chamrong
https://www.khmertimeskh.com/501346158/kingdoms-raw-cashew-output-down-nearly-16/
Jan-Apr exports to Singapore quadruple on-year
Cambodian goods exports to Singapore reached $223.843 million in the first four months of 2023, up 345.7 per cent year-on-year from $50.224 million and up 1,087 per cent half-on-half (compared to July-October 2022) from $18.9 million, according to provisional Customs (GDCE) data compiled in “International ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-exports-singapore-quadruple-year
Call for application: Youth-Led Project 2024 (YLP24 - Phase 1)
Open Development Cambodia Organization (ODC) is pleased to announce the call for application on Youth-Led Project 2024 (YLP24 – Phase 1). The program aims to strengthen the youths’ capacity for fundamental life and community development skills through various training and knowledge sharing as demonstrated during convening ...
Open Development Cambodia Organization (ODC)
Provincial Governor Seeks Hun Sen's Forgiveness
Kampong Thom’s provincial governor wrote to Prime Minister Hun Sen last month to apologize and explain why district and fisheries officials were involved in clearing an area of protected flooded forest, according to a copy of his letter obtained yesterday. In the July 9 letter, written ...
Koomkin bank takes Camko City to court
The foreign commercial arbitration case between South Korean Kookmin Bank and World City Asset Management and World City, two real-estate development firms, has been received by the Cambodian Court of Appeals. World City Asset Management received a loan from Kookmin bank in Korea in 2007 to ...
ASEAN projects to receive Around 1 07 million tourists in 2015
Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...
Insurance Premiums Up 40% in First 6 Months
Revenues generated by insurance firms increased 40 percent ro $18.9 million between january and June compared to the same period last year, according to data released yesterday by the General Insurance Association of Cambodia (GIAC). Fire insurance continued to reign as the sector’s top earner, accounting ...
EU Bike Import Shows Huge Shifts
The import flow of bicycles (excluding e-bikes) into the European Union is changing rapidly between countries What is in particular striking is the massive upswing in imports from Cambodia. In 2011 the European Union imported 366,000 bikes from Cambodia which took the country to the 9th ...
New Online Service Launched to Smooth Tax Payment
In a bid to ease the collection of the recently introduced tax on properties worth more than $25,000, The Ministry of Finance has launched an online service to help people get the forms they need to pay the tax. In a statement released last week, the ministry said ...