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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/

Defense ministry looking for recruits

The Ministry of National Defense announced on Friday that it is seeking more than 400 candidates to join the military in 2017. The announcement stated that the ministry was seeking both male and female candidates to work in the Royal Cambodian Armed Forces (RCAF). Candidates must have ...

Pech Sotheary
http://www.khmertimeskh.com/news/30163/defense-ministry-looking-for-recruits/

Sandwiched between cultures

It was not her degree in finance and banking that encouraged Keo Sopheap to start her own business. It was her sister’s marriage to an American that introduced her to foreign fast food. Now Sopheap owns a sandwich shop in Phnom Penh. Sopheap, a Norton ...

http://www.phnompenhpost.com/index.php/2012090358438/Business/sandwiched-between-cultures.html

New maps show heavy deforestation in 2013

Newly released maps using U.S. satellite data show that Cambodia continued to suffer major deforestation in 2013, much of it in nominally protected forests and wildlife sanctuaries. In November 2013, the University of Maryland released what it said was the first study to combine a consistent ...

Zsombor Peter
https://www.cambodiadaily.com/news/new-maps-show-heavy-deforestation-in-2013-76239/

Women urged to pursue postgraduate education

Prime Minister Hun Sen encouraged female students to pursue their education, regardless of whether they marry and have children, noting that the number of women pursuing postgraduate degrees and doctorates has decreased sharply compared to their male counterparts.​ ...

Mom Kunthear
https://www.phnompenhpost.com/national/women-urged-pursue-postgraduate-education

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

Cooperation between the General Secretariat of the National Assembly of the Kingdom of Cambodia and the Asian Vision Institute

On 13 October 2021, the Asian Vision Institute issued a press release on cooperation between the General Secretariat of the National Assembly of the Kingdom of Cambodia and the Asian Vision Institute.The signing of the MoU between the two institutions aims to establish and enhance ...

Asian Vision Institute

Download: pdf

Neth Pheaktra: Ministry of Information to focus on institutional modernisation and media quality strengthening

Ministry of Information will focus on institutional modernisation, modern administration, and strengthening of quality of the country’s media through training and reinforcement of professional ethics in journalism. ...

Khmer Times Staff
https://www.khmertimeskh.com/501357131/neth-pheaktra-ministry-of-information-to-focus-on-institutional-modernisation-and-media-quality-strengthening/

Med school stands firm on fee

Despite outcry from medical students, the government is refusing to reduce the latest in a string of proposed fee hikes, this one nearly doubling the charge for the University of Health Science’s exit exam. In a letter sent to the university’s rector on Friday, the ...

Pech Sotheary
http://www.phnompenhpost.com/national/med-school-stands-firm-fee

Weighing risk and reward on construction sites

As the booming construction sector attracts more rural Cambodians to seek employment in the capital, the different working conditions between high-rises in urban areas and borey developments have factored into varying degrees of earning potential and living standards.According to estimates by the Ministry of Land ...

Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/weighing-risk-and-reward-construction-sites

Cambodian Public Bank offers loan repayment deals during COVID-19

Cambodian Public Bank is responding to the Coronavirus crisis by taking pro-active action to provide help to its customers in distress by restructuring and rescheduling their loans to eligible individual and business customers. ...

Khmer Times Staff
https://www.khmertimeskh.com/50710323/cambodian-public-bank-offers-loan-repayment-deals-during-covid-19/

Workers seek $14 minimum wage increase for 2025, employers offer $1

Cambodian worker representatives have called for a $14 increase in the minimum wage, while employer representatives have proposed a $1 increase on the current rate of $204 for 2025, according to a press release from the Ministry of Labour and Vocational Training following a meeting ...

Niem Chheng
https://www.phnompenhpost.com/national/workers-seek-14-minimum-wage-increase-for-2025-employers-offer-1

Lighting the rural night

For Cambodian farmer In Chanthy, illuminating the rural night used to be tiresome task. His village in Svay Rieng province is not connected to the national electricity grid and to light the dark he would have to take car batteries to a station and pay ...

Government Mulls Issuing Sovereign Bonds

Cambodia is considering offering sovereign bonds to raise more revenue for the national budget and move away from its dependence on overseas aid, a senior central bank official said Sunday. National Bank of Cambodia director-general Nguon Sokha said the Ministry of Economy and Finance was currently ...

http://www.cambodiadaily.com/business/government-mulls-issuing-sovereign-bonds-21989/

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