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Associations welcome minimum wage hike

Associations in the footwear and travel goods sector welcomed the hike in the minimum wage for workers in 2024, saying that this will ensure the sector’s competitiveness and enhance the workers’ living standards. ...

Chea Vanyuth
https://www.khmertimeskh.com/501369455/associations-welcome-minimum-wage-hike/

Petrol prices decline, diesel remains steady

Retail petrol prices have experienced a slight decrease after reaching their highest levels in a year, with regular gasoline now at 4,550 riel per litre, down from 4,750 riel in the previous 10 days. Diesel prices remain unchanged at 4,850 riel per litre. ...

May Kunmakara
https://www.phnompenhpost.com/business/petrol-prices-decline-diesel-remains-steady

Cambodia, Türkiye aim for two-way trade goal of $1 billion

This was the spirit of the recent talks here between HE SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and Ms. Ülkü Kocaefe, Ambassador of the Republic of Türkiye. ...

AKP
https://www.khmertimeskh.com/501376155/cambodia-turkiye-aim-for-two-way-trade-goal-of-1-billion/

Investigation to be launched into trafficking of disabled performers for street begging

The meeting to deliberate on measures to curb exploitation of vulnerable people and children. The Department of Social Affairs, Veterans, and Youth Rehabilitation of Phnom Penh have called for a thorough investigation into the activities of brokers who exploit disabled people for financial gain. ...

Khmer Times Staff
https://www.khmertimeskh.com/501353528/investigation-to-be-launched-into-trafficking-of-disabled-performers-for-street-begging/

China’s BRI contributes tremendously to Cambodia’s economic, social development

China’s Belt and Road Initiative (BRI) has contributed tremendously and timely to Cambodia’s economic and social development, with achievements enjoyed by the government and people of the Southeast Asian country, Cambodian Deputy Prime Minister Aun Pornmoniroth has said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501372819/chinas-bri-contributes-tremendously-to-cambodias-economic-social-development/

Cambodia’s international trade reaches $35 billion in nine months

Cambodia’s international trade totalled more than $35.16 billion in the first nine months of this year, inching down 3.5 percent from the same period last year, the General Department of Customs and Excise’s report showed on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501374641/cambodias-international-trade-reaches-35-billion-in-nine-months/

Cambodian PM meets more Chinese companies in Beijing

Cambodian Prime Minister Samdech Hun Manet yesterday held separate talks with leaders of four more Chinese companies, during his stay in Beijing, China for the 3rd Belt and Road Forum for International Cooperation on Oct. 17-18. ...

Khmer Times Staff
https://www.khmertimeskh.com/501378212/cambodian-pm-meets-more-chinese-companies-in-beijing/

EnerCam pioneers onshore oilfield exploration, ESG/CSR

Canada-owned EnerCam Exploration Ltd, through its subsidiary Angkor Resources Corp, has completed a community assessment mission on Block VIII, a 7.3sq km oil and gas license, with a focus on environmental, social, and governance (ESG) principles and corporate social responsibility (CSR). ...

May Kunmakara
https://phnompenhpost.com/business/enercam-pioneers-onshore-oilfield-exploration-esgcsr

$20M collected as deadline looms for right-hand-drive tax payments

The General Department of Customs and Excise of Cambodia (GDCE) has collected $19.73 million in levies on previously-untaxed right-hand-drive (RHD) vehicles in the 90 days to October 4, in Phase II of its campaign to get owners of such vehicles to comply with their tax ...

Hin Pisei
https://www.phnompenhpost.com/business/20m-collected-deadline-looms-right-hand-drive-tax-payments

Demand dip drives down int’l rubber sales by 9%

Cambodia netted more than $348 million from the export of rubber latex and wood in the first nine months of 2022, falling by nine per cent year-on-year due to downward pressure on global demand, especially from China and Europe, the latter of which has seen ...

May Kunmakara
https://www.phnompenhpost.com/business/demand-dip-drives-down-intl-rubber-sales-9

SERC begins probe into illegal investment schemes

The Securities and Exchange Regulator of Cambodia (SERC) in collaboration with relevant authorities has started investigating non-governmental organisations (NGOs), associations, companies and individuals that have illegal investment schemes to collect funds from the public, said a top official of the regulator. ...

Kang Sothear
https://www.khmertimeskh.com/501188706/serc-begins-probe-into-illegal-investment-schemes/

Cambodia-China trade up 15.6 pct in first 7 months

Trade volume between Cambodia and China was valued at $6.97 billion in the first seven months of 2022, up 15.6 percent year-on-year, according to the General Department of Customs and Excise’s report released on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130174/cambodia-china-trade-up-15-6-pct-in-first-7-months/

Job fair advertises 5,736 openings with 105 businesses

The National Employment Agency (NEA) of the Ministry of Labour and Vocational Training has announced that over 60,000 people attended the two-day National Job and Productivity Fair from October 28-29. ...

Long Kimmarita
https://www.phnompenhpost.com/national/job-fair-advertises-5736-openings-105-businesses

Women’s affairs ministry urges end to ‘misogynistic language’

The Ministry of Women’s Affairs expressed its dismay regarding the use of inappropriate and immoral language on social media by a small number of individuals. It considered these acts as having damaged the honour and dignity of Cambodian women as well as being detrimental to ...

Long Kimmarita
https://www.phnompenhpost.com/national/womens-affairs-ministry-urges-end-misogynistic-language

UN-backed climate fund okays $43M plan for Tonle Sap farmers

The Green Climate Fund (GCF) has approved a $43 million project in Cambodia to enhance the adaptive capacity of smallholder farmers, local communities and other value chain actors of the Northern Tonle Sap Basin to the increasing threats associated with climate change. ...

Ry Sochan
https://www.phnompenhpost.com/national/un-backed-climate-fund-okays-43m-plan-tonle-sap-farmers

Joint venture funds coming to Cambodia ‘by end of Q1’

The Securities and Exchange Regulator of Cambodia (SERC) is set to authorise the establishment of joint venture funds in the first quarter of this year ending March 31, as the underlying regulatory framework nears completion, paving the way for licensed companies to raise money for ...

May Kunmakara
https://www.phnompenhpost.com/business/joint-venture-funds-coming-cambodia-end-q1

Cambodia’s foreign trade declines 29% in January

Cambodia’s foreign trade declined by 29 percent in January 2023 compared to the same period in 2022 and recorded $3.4 billion, according to a report by the General Department of Customs and Excise (GDCE) yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501238161/cambodias-foreign-trade-declines-29-in-january/

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