EDC promises more power
The recent power shortages have left residents of Phnom Penh out in the heat and dark, but amidst their mounting frustration, state-owned energy supplier Electricite du Cambodge (EDC) has announced it will be purchasing more power from Thailand to address the shortfall. Keo Rattanak, director-general of ...
http://www.phnompenhpost.com/2013032964781/National/edc-promises-more-power.html
Friends in high places
A Chinese developer with a “family-like” relationship to Prime Minister Hun Sen’s bodyguard unit has accelerated construction at its $5 billion resort – ostensibly cancelled by royal decree in 2010 – in a protected national park in Preah Sihanouk province. The 3,300-hectare Golden Silver Gulf resort ...
Daniel Pye and May Titthara
http://www.phnompenhpost.com/national/friends-high-places
Strategic Environmental Assessment (SEA) partner meeting with the Netherlands Commission for Environmental Assessment
On 20 October 2023, the ODC team traveled to Utrecht City, the Netherlands, to engage in a crucial meeting with Dr. Arend Kolhoff, Technical Secretary of International Cooperation at the Netherlands Commission for Environmental Assessment. ODC has been collaborating closely with the commission on providing ...
Plans to boost agricultural exports and increase rice prices in 2023
The Ministry of Agriculture’s strategy to boost exports, particularly farmers’ rice costs, will be strengthened in 2023. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-plans-to-boost-agricultural-exports-and-increase-rice-prices-in-2023
Int’l trade rises as commerce ministry lays out 2023 plans
Cambodia’s 9.19 per cent on-year rise in foreign trade value to the $52.425 billion logged by Customs for 2022 was driven by “in-depth reforms in all areas”, improvements in export competitiveness, and an increasingly favourable business and investment environment, according to Minister of Commerce Pan ...
Hin Pisei
https://www.phnompenhpost.com/business/intl-trade-rises-commerce-ministry-lays-out-2023-plans
NEC: 2023 voter registration to kick off in October
The registration of voters for the year 2023 will take place from Oct. 1 to 19 at the communes/Sangkat across the country, announced the National Election Committee (NEC) in a meeting with stakeholders held at the NEC’s headquarters in Phnom Penh this morning. ...
Khmer Times Staff
https://www.khmertimeskh.com/501359279/nec-2023-voter-registration-to-kick-off-in-october/
GDT’s tax collection target for 2023 up by $750M
The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...
Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/
Cambodia expects tourism generating $4B in 2023
With the expectation of attracting around 4 million international and 15 million domestic tourists this year, Cambodia expects the tourism sector to generate about $4 billion. ...
Chea Vanyuth
https://www.khmertimeskh.com/501220676/cambodia-expects-tourism-generating-4b-in-2023/
Cambodia Securities Exchange rollout of green bonds set to bloom in 2023
With the growing effects of climate change increasingly a major concern globally, balancing economic activities with environmental considerations has never been more urgent. ...
Economy to grow 5.5% in 2023 and 6% by 2024
Cambodia’s economy is forecast to grow at 5.5 percent in 2023 and 6 percent in 2024, due to a stronger tourist rebound and faster growth in the services sector, according to a report by Asian Development Bank (ADB). ...
Mao Sreypich
https://kiripost.com/stories/cambodia-economy-to-grow-55-in-2023-and-6-by-2024
Premium seaplane slated for take-off late-2023 to early-2024
Cambodia’s first premium seaplane service is slated to start operations in late-2023 to early-2024, initially connecting Phnom Penh with locations within a 1.5-hour flying time. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-premium-seaplane-slated-for-take-off-late-2023-to-early-2024
RGPPSEZ reports strong growth in revenues for 2023
The Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) recorded a total revenue of almost $64 million throughout the 2023 year, marking an increase of 137 percent compared to 2022 annual revenues, says the Cambodia Securities Exchange (CSX). ...
James Whitehead
https://www.khmertimeskh.com/501474093/rgppsez-reports-strong-growth-in-revenues-for-2023/
Canadia Bank Nominates Lor as New CEO
Michael Lor of Malaysian-based EON Bank has been nominated to replace Pung Kheav Se, the current CEO of Canadia Bank. The information has been passed to the National Bank of Cambodia and is awaiting approval following a board meeting on June 30, 2011. The move ...
Culture Ministry Plans to Build New Cinema
In an effort to increase Khmer film production the Ministry of Culture and Fine Arts is going to build a state-run cinema next to the Chaktomuk Conference Hall. Recently Westec Media opened a cinema, the first offering 3D movies in Cambodia, at City Mall in ...
New Private Hospital to Employ 208 Cambodians
A new high-end private hospital in Phnom Penh, a collaboration between Cambodia’s Sokimex and Ho Chi Minh City’s well-known Cho-Ray Hospital, is set to hire 280 Cambodian health care workers in the next year, according to a Sunday satatement posted on the City Hall website. ...
City Officials Talk Trash With New Campaign
Phnom Penh municipality is set to launch a campaign today at Daun Penh district’s Kandal market aimed at educating residents about disposing their garbage correctly in an effort to reduce flooding in the area. The campaign comes after the area experience several bouts of severe ...
Fiery start for new union at factory
More than 200 workers at Shinglecom Cambodia garment factory protested yesterday outside the facility in the capital’s Dangkor district, demanding that a representative of their newly formed union be rehired. Yang Thaisan, secretary-general of the Union Federation for Labour Rights at the factory, said union representative ...
New Mosquito Infection Detected in 98 People
An outbreak of a mosquito-borne virus new to Cambodia with similar symptoms to dengue fever has been detected in Kompong Speu’s Kong Pisei district, a Health Ministry official said yesterday. Director of the Ministry of Health’s communicable disease control department Dr. Sok Touch said that 98 ...
World Bank Influence Curbed by ‘New’ Donors
The World Bank is losing influence in Cambodia to “emerging donors” and making no major headway in stemming corruption, the Bank’s Independent Evaluation Groups said in a report released Wednesday. Specifically focused on the World Bank;s 2007 anti-corruption initiative through 2010, the report uses six ...
Foreign investment brings Cambodia growth, new issues
Cambodian officials say the country’s economic growth rate is set to exceed seven percent this year. According to financial analysts even if the global economy slows, Cambodia is well prepared to deal with it, partly because of strong foreign investment. But the billions of dollars ...