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Siem Reap stops clearing of protected wetlands

Authorities in Siem Reap province on Monday stopped the clearing of protected wetlands within the Tonle Sap Biosphere Reserve, halting the work of a team that had already cleared one hectare of flooded forest.The authorities found nine vehicles, including bulldozers, excavators and trucks, and seven ...

Phak Seangly
http://www.phnompenhpost.com/national/siem-reap-stops-clearing-protected-wetlands

Kong Korm: ‘Arrogant’ Sam Rainsy has ‘betrayed the people’s will’

Kong Korm, the former top adviser to the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) who recently announced his return to the political stage, has blasted Sam Rainsy’s “arrogance”.​ He said the leadership of the newly nominated “acting president” of the party has “betrayed the people’s ...

Ben Sokhean
https://www.phnompenhpost.com/national-politics/kong-korm-arrogant-sam-rainsy-has-betrayed-peoples-will

Micro-insurance needs revamp: UN

The UN urged government and financial organisations to stimulate Cambodia’s flailing micro-insurance industry yesterday, after a study found the country’s poor are vulnerable to indebtedness during a crisis. The United Nations Development Business (UNDB) hosted a working group yesterday at Phnom Penh’s Sunway Hotel launching the ...

Eddie Morton
http://www.phnompenhpost.com/business/micro-insurance-needs-revamp-un

New KWP president named

The former senior adviser to the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Kong Korm, has been named the honorary president of the Khmer Will Party (KWP). The appointment came after Korm and his son Kong Bora became the first of 118 banned senior CNRP ...

Mech Dara
https://www.phnompenhpost.com/national-politics/new-kwp-president-named

Land, insecurity linked: report

Rampant land grabs, economic land concessions and a disastrous land-titling program have fostered an environment of insecurity for Cambodia’s most marginalised citizens, according to a new report, which argues that the Kingdom needs to rethink its current business-centric development model. ...

Ethan Harfenist
http://www.phnompenhpost.com/national/land-insecurity-linked-report

Construction raking in cash

Foreign and domestic investment in construction projects skyrocketed in the first four months of the year, government data suggests. Ministry of Land Management and Urban Planning data revealed last week shows total investment in new construction projects reached more than $1.4 billion at the end of ...

May Kunmakara and Sum Manet
http://www.phnompenhpost.com/business/construction-raking-cash

Bilateral trade with Thailand declines

Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bilateral-trade-thailand-declines

WB sticks to Cambodia’s 5.2% growth forecast for 2023

World Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. ...

Manoj Mathew
https://www.khmertimeskh.com/501266499/wb-sticks-to-cambodias-5-2-growth-forecast-for-2023/

PM forecasts economic contraction of 1.9 percent this year

Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic. In a circular on budget planning for 2021-2023, he said Cambodia has recorded a strong fall in demand from its trading partners. ...

Khmer Times Staff
https://www.khmertimeskh.com/50733913/pm-forecasts-economic-contraction-of-1-9-percent-this-year/

Overseas voting amendments sent to Assembly Committee

The National Assembly’s permanent committee on Monday approved further study of amendments to Cambodia’s election law that would allow more than 1 million migrant workers to vote from outside the country’s borders. ...

Ben Sokhean
http://www.cambodiadailykhmer.com/38590

SECC prepared to list shares of holding firms

The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...

May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms

Civil society groups slam gov’t web-monitor group

Some 116 organisations and associations have urged Cambodian officials to dismantle the new inter-ministry working group that was recently set up to monitor social networking sites, claiming it is an “abuse on the rights and freedom of expression via the internet”. ...

Niem Chheng
https://www.phnompenhpost.com/national/civil-society-groups-slam-govt-web-monitor-group

New tech centre given boost to help digital startups

The Cambodian government issued a sub-decree establishing the new Techo Startup Centre (TSC) as a public administrative institution aimed at providing opportunities for young people, students and researchers to create new businesses in accordance with the trends and momentum of advancing digital technology. ...

Sok Chan
https://www.khmertimeskh.com/50742408/new-tech-centre-given-boost-to-help-digital-startups/

University students encouraged to focus on digital technology

Ministry of Commerce (MoC) has encouraged university students in Cambodia to focus on digital technology and innovation developments amid the remarkably growing Industry Revolution 4.0 and e-commerce business after the e-commerce law was passed.​ ...

Kang Sothear
https://www.khmertimeskh.com/501139165/university-students-encouraged-to-focus-on-digital-technology/

Phnom Penh to host inaugural tech expo

Phnom Penh will host the nation’s first tech expo, Cambodia Tech Expo CTX, in November, with a string of events, conferences and panel discussions aimed at strengthening the tech startup community and attracting investment opportunities. ...

Bun Tharum
https://kiripost.com/stories/phnom-penh-cambodia-tech-expo-ctx

Cambodia’s manufacturing output reaches $15 billion in 2022

Cambodia’s manufacturing output hit $15.8 billion in 2022, a remarkable increase of 83 percent year on year, the Ministry of Industry, Science, Technology and Innovation (MISTI)’s report showed on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501247369/cambodias-manufacturing-output-reaches-15-billion-in-2022/

U.S. Democracy promotion group holds political debate in Battambang

Local residents in Battambang town took part in a political debate organized by U.S. Democracy promotion group, the National Democratic Institute for International Affairs (NDI) on Monday ahead of local elections early next month. Attendees asked prospective candidates questions related to citizen’s concerns over unemployment, migration, ...

Sok Khemara
http://www.voacambodia.com/a/us-democracy-promotion-group-holds-political-debate-in-battambang/3867567.html

Opportunities, challenges for ASEAN

Cambodia will face both challenges and opportunities when the ASEAN Economic Community (AEC) combines its 10 countries into a single market for economic development, a move intended for 2015, officials said during a round-table discussion yesterday. Sok Siphanna, an adviser to the Ministry of Foreign Affairs and ...

http://www.phnompenhpost.com/index.php/2012082358243/National-news/cambodians-will-compete-with-asean-countries.html

SMEs not yet ready for CSX

Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...

http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html

Thai, Cambodian SEC sign pact on capital markets

Cambodia and Thailand’s Securities Exchange and Commission (SEC) yesterday signed a memorandum of understanding (MoU) on mutual cooperation for capital market development through cross-listing, dual listing and depositary receipt offerings. ...

Bangkok Post Staff
https://www.bangkokpost.com/business/1752539/thai-cambodian-sec-sign-pact-on-capital-markets

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