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Recent Development and Economic Outlook

The UN’s assessment suggests that Cambodia is one of the top five countries that have made significant progress toward meeting its MDGs by 2015. The poverty rate has dropped dramatically from 47.50 percent in 1993 to 34.70 percent in 2004 and 23 percent in 2011, ...

http://www.cambizreview.com/

Foreign Radio Broadcasts Banned Ahead of Election

The Ministry of Information has banned the broadcast of all Khmer-language programs by foreign radio stations for the entire 31 days of the pre-election campaign period and on election day, July 28, warning that legal action will ensue if stations fail to comply. The ban, announced ...

http://www.cambodiadaily.com/elections/foreign-radio-broadcasts-banned-ahead-of-election-32648/

Blockchain cited as boost to public trust in financial institutions

At this week’s 2020 Global Blockchain Policy Forum,  Assistant Governor and Director-General of Central Banking, National Bank of Cambodia (NBC) Chea Serey stressed the need for building public trust in financial institutions and how the new Bakong payment system and infrastructure, built on blockchain technology, ...

Jason Boken
https://www.khmertimeskh.com/783940/blockchain-cited-as-boost-to-public-trust-in-financial-institutions/

Education minister, health facilities in educational institutions are very important for students and teachers

The Minister of Education Hang Chuon Naron, stated that health facilities in educational institutions are very important for students and teachers to receive primary health care and to provide physical, mental, reproductive and sexual health counselling. ...

So Cheata
https://www.khmertimeskh.com/501266230/education-minister-health-facilities-in-educational-institutions-are-very-important-for-students-and-teachers/

1,000 containers with raw material offer relief to Kingdom’s factories

Prime Minister Hun Sen on Saturday announced the arrival of 12 ships containing more than 1,000 containers of raw materials from China at Sihanoukville Autonomous Port to supply struggling garment factories in the Kingdom. ...

Sen David
https://www.khmertimeskh.com/50702057/1000-containers-with-raw-material-offer-relief-to-kingdoms-factories/

Koh Kong authorities say offer in land dispute is fair

Koh Kong Provincial Administration officials have said that an ongoing land dispute in Botum Sakor district is nearing an end, with 70 of 131 families accepting the government’s offer for a resolution which it deems fair. ...

Son Minea
https://www.khmertimeskh.com/50866528/koh-kong-authorities-say-offer-in-land-dispute-is-fair/

Ministry offers free vocational training for 67,000 nationwide

The Ministry of Labour and Vocational Training announced free vocational training for 67,000 people from across the country in keeping with the demands of the labour market. ...

Torn Vibol
https://www.khmertimeskh.com/501403686/ministry-offers-free-vocational-training-for-67000-nationwide/

Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy

Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...

http://asiafoundation.org/in-asia/2013/05/15/cambodias-small-businesses-serve-as-backbone-of-sustainable-economy/

US ambassador offers increased help fighting human trafficking in meeting with Sar Kheng

Minister of Interior Sar Kheng reiterated to the US ambassador to Cambodia W. Patrick Murphy that Cambodia was committed to combating all forms of human trafficking, pointing to the complex nature of the crime today due to technology as one barrier to effective enforcement.​ ...

Ry Sochan
https://www.phnompenhpost.com/national/us-ambassador-offers-increased-help-fighting-human-trafficking-meeting-sar-kheng

Risk Of Money Laundering Grows With Economy

With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...

http://www.cambodiadaily.com/news/risk-of-money-laundering-grows-with-economy-14444/

ADB Says Hydropower Growth Won’t Match Need for Oil, Coal

Cambodia’s reliance on imported fossil fuels to meet its energy needs is set to increase in the coming years, despite the raft of hydropower projects planned by the government, according to new data from the Asian Development Bank (ADB). Using baseline figures from the Institute ...

http://www.cambodiadaily.com/news/adb-says-hydropower-growth-wont-match-need-for-oil-coal-28794/

Tax revenues rise, but aren’t reflective of overall GDP growth

While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...

http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth

Timing of stats questioned

For the first time in recent memory, the Ministry of Economy and Finance has released growth projections for the first half of the year, and the numbers are good. The ministry’s preliminary data claims that from January through June, economic growth stood at 7.6 per ...

http://www.phnompenhpost.com/business/timing-stats-questioned

Major banks show more agricultural sector trust

Major financial institutions show more trust in providing loans to the agricultural sector, evidenced by increasing agricultural loan disbursement, thanks to potential growth in the sector and better preparation of financial report among borrowers, according to industry insiders. Acleda Bank, Cambodia’s largest domestically owned bank, has ...

http://www.phnompenhpost.com/2013050965499/Business/major-banks-show-more-agricultural-sector-trust.html

Shooting probe urged

UN rights envoy Surya Subedi wrapped up his six-day fact-finding mission to Cambodia yesterday by calling for a thorough investigation into security forces’ role in the deadly crackdown on garment workers early this month. He also offered to act as a mediator between the ruling Cambodian ...

Daniel Pye
http://www.phnompenhpost.com/national/shooting-probe-urged

CMA says member institutions have restructured $1.38B of loans

The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $1.382 billion.  The total number of restructuring requests stood at 303,593 with 285,234 having been granted. ...

Sok Chan
https://www.khmertimeskh.com/50802377/cma-says-member-institutions-have-restructured-138b-of-loans/

DENSO, Toyota Tsusho and Aisin Seiki to Open Wholly-Owned Automotive After-Sales Service Store in Cambodia- Will offer high-quality automotive after-Sales services in emerging economies

DENSO Corporation , Toyota Tsusho Corporation and Aisin Seiki Co., Ltd., will jointly open a wholly-owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components. The wholly-owned store will start operations in February 2014 with the ...

Hispanic Business News Staff
http://www.hispanicbusiness.com/2013/11/28/denso_toyota_tsusho_and_aisin_seiki.htm

South Korea offers further assistance in Covid-19 battle

The South Korean government has provided further assistance worth $350,000 to help the Cambodian Ministry of Health in the ongoing fight against Covid-19. ...

Mom Kunthear
https://www.phnompenhpost.com/national/south-korea-offers-further-assistance-covid-19-battle

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