Joint press statement on the meeting between His Excellency PRAK Sokhonn, Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation of the Kingdom of Cambodia, and His Excellency Nasser BOURITA, Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates of the Kingdom of Morocco
On 27 March 2023, the Ministry of Foreign Affairs and International Cooperation has posted the Joint press statement on the meeting between His Excellency PRAK Sokhonn, Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation of the Kingdom of Cambodia, and His Excellency Nasser ...
Ministry of Foreign Affairs and International Cooperation
New law drafted to address price dumping
Officials and trade experts discussed a new draft law at a conference in Phnom Penh yesterday that would allow the government to protect exporters against competitors abroad that engage in price dumping, or selling products at an extremely low price. Speaking on the sidelines of the ...
Union group slams NSSF fainting move
The Cambodian Confederation of Unions (CCU) on Saturday criticised the National Social Security Fund (NSSF) for a statement that said faintings caused by low levels of essential minerals in workers’ blood are to be classed as an accident and not put down to bad working ...
Yon Sineat
https://www.phnompenhpost.com/national/union-group-slams-nssf-fainting-move
Few S'pore-owned businesses in Cambodia: business owners
PHNOM PENH: There are about a hundred Singapore-owned businesses in Cambodia, mainly located in the capital, Phnom Penh. Many, who set up shop there, feel the numbers have stayed low because there is a perception that the country is not safe. In 2011, Singapore invested close ...
http://www.channelnewsasia.com/stories/economicnews/view/1254251/1/.html
New arbitration center president calls for court system’s support
The newly established National Commercial Arbitration Center (NCAC) may have been set up to allow businesses to settle disputes outside the court system, but it still needs support from judges and court officials to do its work effectively, its president said on Friday. Speaking at ...
Kang Sothear
http://www.cambodiadaily.com/business/new-arbitration-center-president-calls-for-court-systems-support-72408/
Inflation down as global oil prices ease off
Cambodia experienced low inflation of around 1 per cent over the last three months thanks to a decline in oil prices, according to the latest data from the National Institute of Statistics. Inflation went from 0.8 per cent in January to 1.2 per cent in February, ...
May Kunmakara
http://www.phnompenhpost.com/business/inflation-down-global-oil-prices-ease
Agriprocessors urged to take out loans and expand work
The state-run Agricultural and Rural Development Bank (ARDB) has called for small and medium enterprises (SMEs) to expand their agriculture-based processing productions and apply for low-interest rate emergency loans. ...
Chea Vannak
https://www.khmertimeskh.com/50720250/agriprocessors-urged-to-take-out-loans-and-expand-work/
More rain expected across Cambodia from today
More rain, from low to heavy, is expected to come across Cambodia, from today to August 11, according to the new forecast released Tuesday by the Ministry of Water Resources and Meteorology (MOWRAM). ...
Khmer Times Staff
https://www.khmertimeskh.com/50751858/more-rain-expected-across-cambodia-from-today/
Huadian helping Cambodia meet green transition goals
SOE produced more than 8.4 billion kilowatt-hours of clean power since launch of first unit in 2013. The 338-megawatt lower Stung Russei Chrum hydropower station located on the Stung Russei Chrum River in Koh Kong province, Cambodia, has been playing a key role in promoting ...
Khmer Times Staff
https://www.khmertimeskh.com/501089471/huadian-helping-cambodia-meet-green-transition-goals/
Debt ceiling still provides space for development
Cambodia’s public debt is still relatively low as a percentage of gross domestic product (GDP), at nearly 25 per cent, compared to the 40-per-cent threshold, affording the government ample fiscal space to borrow to develop the country, experts have said. ...
May Kunmakara
https://www.phnompenhpost.com/business/debt-ceiling-still-provides-space-development
UK, ADB to provide $134 million fund to help catalyse green financing in Southeast Asia
The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries, including Cambodia, to scale up ...
Khmer Times Staff
https://www.khmertimeskh.com/501108360/uk-adb-to-provide-134-million-fund-to-help-catalyse-green-financing-in-southeast-asia/
Crocodile Farmers Plagued by Volatile Market
Crocodile farmers are feeling the pinch after a year of volatile crocodile prices and market demand. Despite the spike in crocodile prices late last year – which followed on the heels of worrying lows between 2005 and 2007 – demand for the live exports of ...
More ICT investment needed: businessmen
CAMBODIA’S economy can “leapfrog” by developing its information and communications technology (ICT) industry, but the government is not spending enough on ICT infrastructure to attract private investments, business leaders said at a seminar in Phnom Penh yesterday. “What has been seen over the last 20 years ...
http://www.phnompenhpost.com/2013032264620/Business/more-ict-investment-needed-businessmen.html
Civil servant salaries to increase next month
The Cambodian government announced that it would increase the salaries of low-ranking civil servants to 320,000 Riel per month. The statement was issued by Prime Minister Hun Sen Tuesday. He said, 90,000 civil servants will benefit from the increase which will start in September. Recently the Ministry of ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmFmZGMzN2U3M2M
Striking teachers to be taught a lesson
As teachers in several provinces continue to strike over low wages, the Ministry of Education declined to say yesterday whether it would follow through on threats to enact harsh punishment on those who have walked. In a statement issued on Friday and obtained yesterday, Pin Chamnarn, ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/striking-teachers-be-taught-lesson
Preah Vihear overnight tourist stays a hard sell
Despite a noticeable increase in daily tourist arrivals in Preah Vihear province – home of the 11th-century Preah Vihear temple – overnight stays remain low, tourism officials and guesthouse owners say. Preah Vihear tourism department figures show that from January to March, foreign tourist arrivals reached ...
Hor Kimsay
http://www.phnompenhpost.com/business/preah-vihear-overnight-tourist-stays-hard-sell
New fund set to enhance SMEs’ access to finance
The government is allocating $50 million to support small and medium-sized enterprises (SMEs) in the agricultural sector. The funds can be accessed in the form of low-interest loans through the state-owned Rural Development Bank (RDB). ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-china-fta-expected-november
Cash infusion set for financial sector
The government will disburse between $500 and $600 million in low-interest loans to financial institutions to enable them to provide loans to businesses at lower interest rates. ...
May Kunmakara
https://www.phnompenhpost.com/business/cash-infusion-set-financial-sector
Ministry of Health: ‘Red Line’ when COVID deaths cross 1,000 mark
Admittedly the whole world is experiencing a surge in Covid-19 cases, safe a few isolated ones. The others have seen low numbers suddenly ballooning like in the case of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/50894747/ministry-of-health-its-red-line-for-covid-19-drawn-in-the-sand-when-deaths-cross-four-digits/
Mask mandate lifted in open spaces as Covid cases plunge
As Covid-19 cases reached a record low on April 25, with just two cases reported, Cambodia officially lifted the mask mandate for public outdoor spaces. ...
Mom Kunthear
https://www.phnompenhpost.com/national/mask-mandate-lifted-open-spaces-covid-cases-plunge