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New non-SEZ projects fall 24.11%

Despite a modest improvement in the Covid-19 situation in Cambodia, the number of new projects outside of special economic zones (SEZ) approved by the Council for the Development of Cambodia (CDC) saw a sharp decline in January-November 2021 compared to the same period a year ...

Hin Pisei
https://www.phnompenhpost.com/business/new-non-sez-projects-fall-2411

Ministry, Swisscontact ink MoU on SME e-commerce

The Ministry of Commerce and Swisscontact, representing the Global Alliance for Trade Facilitation (GATF), are teaming up on a project to make it easier for small- and medium-sized enterprises (SME) to ship and receive small parcels internationally, according to the ministry. ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-swisscontact-ink-mou-sme-e-commerce

Kingdom win Guides conference hosting rights

Cambodia has been awarded hosting rights to the 39th World Conference of the World Association of Girl Guides and Girl Scouts (WAGGGS) in 2026, following a successful vote gathering campaign at the 38th conference, held in Cyprus from July 26-31. ...

Samban Chandara
https://www.phnompenhpost.com/national/kingdom-win-guides-conference-hosting-rights

Koh Ker events a celebration of national prestige

The Ministry of Culture and Fine Arts is set to host a major celebration on the evening of September 20 to mark the addition of Koh Ker archaeological site to UNESCO’s World Heritage List on September 17. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/koh-ker-events-celebration-national-prestige

Gov’t renews 70 casino and game of chance firms

The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has renewed the validity of 70 licenses to casino and game of chance companies nationwide in the second quarter of this year, according to a release ...

Kang Sothear
https://www.khmertimeskh.com/501135965/govt-renews-70-casino-and-game-of-chance-firms/

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/

Chamber of commerce calls for additional SEZ incentives

Representatives of the private sector and economists have encouraged regional developers to establish a private sector development council to invest in regional special economic zones (SEZs), as they called for renewed focus on the development of exiting SEZs. ...

Van Socheata
https://www.phnompenhpost.com/business/chamber-commerce-calls-additional-sez-incentives

Cambodia’s electronic payment amount among highest in world

The amount of payments made via electronic system in Cambodia reached nearly 1,000 percent of the country’s Gross Domestic Product (GDP) in 2022, said a senior official of National Bank of Cambodia (NBC). ...

Kang Sothear
https://www.khmertimeskh.com/501319532/cambodias-electronic-payment-amount-among-highest-in-world/

CCC, China’s ACFIC join forces to enhance investment ties

The Cambodian Chamber of Commerce (CCC) and the All-China Federation of Industry and Commerce (ACFIC) have announced the collaboration to strengthen investment ties between the two nations. ...

Chea Vanyuth
https://www.khmertimeskh.com/501495806/ccc-chinas-acfic-join-forces-to-enhance-investment-ties/

Cambodia, Hong Kong agree to foster mutual economic growth

The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster ...

Nhean Chamrong
https://www.khmertimeskh.com/501533198/cambodia-hong-kong-agree-to-foster-mutual-economic-growth/

Hosting the 39th WAGGGS World Conference in 2026 reflects Cambodia’s capabilities and influence, says FAPW founder

Visiting Dr. JuseonByun, Founder of Friends of Asia Pacific World Association Girls Guides and Girls Scouts (FAPW), has congratulated the Kingdom of Cambodia on hosting the 39th WAGGGS World Conference in 2026, which reflects the capabilities and influence of Cambodia as well as the Asia ...

Khmer Times Staff
https://www.khmertimeskh.com/501387579/hosting-the-39th-wagggs-world-conference-in-2026-reflects-cambodias-capabilities-and-influence-says-fapw-founder/

Annual cold spell on the way: weather official

Ministry spokesman Mao Hak said yesterday that seasonal rains are expected to taper off in mid-November, with cooler winds sweeping into the Kingdom from Siberia and Tibet, promising a “winter” even cooler than last year’s, in which some areas saw temperatures as low as 18 ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/annual-cold-spell-way-weather-official

Milled rice exports gaining traction

The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...

http://www.phnompenhpost.com/index.php/2012042455728/Business/milled-rice-exports-gaining-traction.html

Labour Law revision could hurt employers: GMAC

The Garment Manufacturers Association in Cambodia welcomed the approval of the amendment of article 89 of the Labour Law on worker protection and severance pay by the government on Friday, but the organisation’s head said the move could financially burden employers. ...

Mom Kunthear
https://www.khmertimeskh.com/50494469/labour-law-revision-could-hurt-employers-gmac/

Groups Demand Mandatory Minimum Wage, Threaten Protest

About 100 people, including 20 monks, held a ceremony in Phnom Penh on Friday in memory of the five people killed a week beforehand when military police opened fire on protesting garment workers, and demanded that the government introduce a mandatory, sector-wide standard minimum wage. In ...

Khy Sovuthy and Lauren Crothers
http://www.cambodiadaily.com/news/groups-demand-a-mandatory-minimum-wage-threaten-to-protest-50428/

Marchers to flout ban on protests

Hundreds of civil society representatives, garment workers and community groups are expected to take to the streets this morning to deliver petitions to foreign embassies calling on the government to release the 23 people arrested during garment worker strikes earlier this month and find justice ...

Kevin Ponniah and Cheang Sokha
http://www.phnompenhpost.com/national/marchers-flout-ban-protests

Worming a Way Into the Agriculture Sector

For 53-year-old farmer Ros Mao, it’s not just the early bird that catches the worm. The Takeo province farmer has raised millions of earthworms for eight years in Tram Trak district, selling the slimy red creatures and using the manure they create to grow his ...

http://www.camnet.com.kh/cambodia.daily/

NBC warns against unlicensed deposit schemes

The National Bank of Cambodia issued a letter on Wednesday clarifying that only seven microfinance institutions (MFIs) are licensed to accept deposits from the public. The notification came after the central bank noticed several “rural credit operators” – institutions smaller than a typical MFI that ...

Hor Kimsay
https://www.phnompenhpost.com/business/nbc-warns-against-unlicensed-deposit-schemes

Two power plants get ministers council OK

The Cambodian government on Friday approved two power plant projects worth more than $1.3 billion in total in what authorities said was an effort to reduce the Kingdom’s dependence on imports. ...

Sorn Sarath
https://www.phnompenhpost.com/business/two-power-plants-get-ministers-council-ok

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