Port operator, Pestech book decent business performance
Two locally-listed firms on October 8 reported recoveries in business performance this year thanks to improvements across regional and global economies as they emerge from the Covid-19 health crisis. ...
May Kunmakara
https://www.phnompenhpost.com/business/port-operator-pestech-book-decent-business-performance
Cambodia’s agricultural exports up over 47 percent in first 10 months
Some 4,221,153 tonnes of agricultural products, besides milled rice and paddy rice, have been exported to foreign markets during the first ten months of this year, despite the global COVID-19 crisis. ...
Khmer Times Staff
https://www.khmertimeskh.com/50963305/cambodias-agricultural-exports-up-over-47-percent-in-first-10-months/
PM pushes multilateralism to partners at Asia-Europe meet
Prime Minister Hun Sen has urged the leaders of Asian and European countries to further strengthen the Asia-Europe partnership to maintain a solid multilateralism that will lead to sustainable global growth and sharing. ...
Ry Sochan
https://www.phnompenhpost.com/national-politics/pm-pushes-multilateralism-partners-asia-europe-meet
Cambodia-based Oriental Bank, BPC partner for digital banking
Oriental Bank, a new bank in Cambodia with a digital-first strategy, has announced that it has chosen global payment provider BPC to power its digital banking experiences. ...
Khmer Times Staff
https://www.khmertimeskh.com/501033250/cambodia-based-oriental-bank-bpc-partner-for-digital-banking/
US buys 30% of 2021 textile exports
A whopping 30 per cent of Cambodian exports of textile-related products in 2021 went to the US, outstripping many major buyers, despite the global battle against Covid-19, according to the Ministry of Labour and Vocational Training on March 7. ...
Hom Phanet
https://www.phnompenhpost.com/business/us-buys-30-2021-textile-exports
Cambodia calls for strengthening ASEAN’s solidarity
Cambodia’s Foreign Minister Prak Sokhonn said here on Tuesday that the Association of Southeast Asian Nations (ASEAN) needs to strengthen its centrality, unity, and solidarity to address key challenges for the sake of regional and global peace, security, and sustainable development. Cambodia is the chair ...
Khmer Times Staff
https://www.khmertimeskh.com/501085856/cambodia-calls-for-strengthening-aseans-solidarity/
Increased loan access for SMEs
Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...
May Kunmakara
https://www.phnompenhpost.com/business/increased-loan-access-smes
Inflation to peak this year before showing signs of decline
The International Monetary fund has predicted inflation in Cambodia will peak this year due to global pressures, weakened export orders, and a slowing real estate market, before falling from 2023 onwards. ...
Prak Chan Thul
https://kiripost.com/stories/inflation-to-peak-this-year-before-showing-signs-of-decline
Healthy public food procurement and service policies
The State of Food Security and Nutrition in the World 2022 report reveals the heavy global burden of hunger and malnutrition in all its forms. The lingering effects of the Covid-19 pandemic — along with disruption to the food supply caused by intensified conflict and ...
Khmer Times Staff
https://www.khmertimeskh.com/501114669/healthy-public-food-procurement-and-service-policies/
PM Hun Sen re-appeals to people not to panic over international banking institutions’ warning
Prime Minister Hun Sen has once again called on the people not to panic over the recent warning of the International Monetary Fund (IMF) and the World Bank over the risks of a global recession. ...
Khmer Times Staff
https://www.khmertimeskh.com/501265570/pm-hun-sen-re-appeals-to-people-not-to-panic-over-international-banking-institutions-warning/
Cambodia-ASEAN mull revising tariff to monitor trade flow
Cambodia along with the Association of Southeast Asian Nations (ASEAN) are considering revising the customs tariff regulations aimed at updating the product code to strengthen the efficiency of monitoring trade activities globally. ...
Nhean Chamrong
https://www.khmertimeskh.com/501575234/cambodia-asean-mull-revising-tariff-to-monitor-trade-flow/
Covid-19: A global approach to protecting garment workers in supply chains as Cambodia faces up to 500,000 job losses
The Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. ...
Khmer Times Staff
https://www.khmertimeskh.com/50716165/covid-19-a-global-approach-to-protecting-garment-workers-in-supply-chains-as-cambodia-faces-up-to-500000-job-losses/
Bavet governor did it, shooting victim says
One of three women shot during a protest outside the Kaoway Sports factory in Svay Rieng province’s Bavet town on February 20 accused deposed town governor Chhouk Bandith of the crime yesterday, but told a judge she hadn’t been sure until seeing a media report ...
WTO nations reaffirm pledge to aid LDCs through trade
Six World Trade Organization members on Tuesday pledged a combined $13 million to finance the Enhanced Integrated Framework (EIF), a significant show of support for trade as a development tool. The pledge was made on the same day that Prime Minister Hun Sen addressed WTO members ...
May Kunmakara
https://www.khmertimeskh.com/50621053/wto-nations-reaffirm-pledge-to-aid-ldcs-through-trade/
Hun Sen calls for caution amid China-US trade war
Prime Minister Hun Sen warned on Tuesday that a developing trade war between the US and China could affect Cambodia, and said the Kingdom must act to mitigate any potential fallout. In March, US President Donald Trump’s administration slapped tariffs on global imports of steel ...
Ben Sokhean
https://www.phnompenhpost.com/national/hun-sen-calls-caution-amid-china-us-trade-war
Disney carbon deal sets stage for more partnerships
Cambodia’s first large-scale private-sector sale of carbon credits was finalised yesterday, with conservationists predicting that it could pave the way for more public-private partnerships, making millions of dollars of funding available for local carbon-based initiatives. US entertainment giant Walt Disney Company has officially purchased $2.6 ...
Kali Kotoski
http://www.phnompenhpost.com/business/disney-carbon-deal-sets-stage-more-partnerships
Rubber producers to skip industry event
Local rubber producers yesterday expressed little enthusiasm to attend this year’s Global Rubber Conference, which opens today in Ho Chi Minh City, voicing pessimism about the gloomy market for natural rubber and scepticism on whether the conference would yield any solutions to producers’ pricing problems.Among ...
Sor Chandara
http://www.phnompenhpost.com/business/rubber-producers-skip-industry-event
Forest loss data show 2016 increase
The new data, released by the University of Maryland, tracks forest cover loss globally using satellite imagery. Results showed that not only was 2016 worse than 2015, but of the 16 years for which deforestation was recorded, last year was the fourth worst – with ...
Phak Seangly and Ananth Baliga
http://www.phnompenhpost.com/national/forest-loss-data-show-2016-increase
Government okays maize imports
The cabinet approved a plan for the Public Warehouse Organisation to import 450,000 tonnes of tariff-free maize from Laos and Cambodia. Another 250,000 tonnes of maize would be imported from Cambodia, with 100,000 tonnes in August and another 150,000 tonnes between November and January 2014 ...
http://www.bangkokpost.com/business/economics/331949/government-okays-maize-imports
Forecast: coast in danger
Residents along Cambodia’s coastline may want to relocate to higher ground in the wake of a climate-change assessment that predicts much of the Kingdom’s coast could be submerged by rising sea levels. Based on predictive models that take into account global temperature trends and melting ice ...
Laignee Barron
http://www.phnompenhpost.com/national/forecast-coast-danger