Cambodia backs enhanced security role for Japan
Cambodian Foreign Minister Hor Namhong expressed support Monday for Japan’s plan to give its Self-Defense Forces a greater role to contribute to global peace and stability, Japanese Foreign Minister Fumio Kishida said after meeting with his counterpart in Phnom Penh. Japanese Prime Minister Shinzo Abe plans ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140630/cambodia-backs-enhanced-security-role-japan
Industry urged to go green
Small and medium-size enterprises (SME) have been urged by the Cambodian government to employ more environmentally friendly practices at a green industry workshop in Phnom Penh yesterday. Cham Prasidh, minister for the Ministry of Industry and Handicrafts, said SMEs and handicraft producers’ reliance on fossil fuels ...
Chan Muyhong
http://www.phnompenhpost.com/business/industry-urged-go-green
IFC criticised for abusive investments
Rights groups yesterday took aim at the private-sector arm of the World Bank for investing money into companies that are responsible for human rights abuses around the world, highlighting a Vietnamese rubber firm accused of illegal logging and land grabbing in Ratanakkiri province as a ...
Alice Cuddy
http://www.phnompenhpost.com/national/ifc-criticised-abusive-investments
Capital tipped for ‘resilient city’ program
Phom Penh was selected on Wednesday as one of 35 cities joining a $100 million “resiliency” program meant to strengthen urban centres’ abilities to respond to shocks and stresses, including climate change, natural disasters, pollution and resource scarcity. “The intense growth occurring and projected for ...
Laignee Barron, Sarah Taguiam and Taing Vida
http://phnompenhpost.com/national/capital-tipped-%E2%80%98resilient-city%E2%80%99-program
Cambodia rides out recession smoothly
Cambodia was the only country in the Greater Mekong subregion to have increased its rate of exports following the 2008 global financial crisis, thanks largely to garments accounting for the majority of its manufacturing exports, a new report has found. The Greater Mekong 5 – Cambodia, ...
Ananth Baliga
http://www.phnompenhpost.com/cambodia-rides-out-recession-smoothly
Migrants’ home remittances dwindle
As the Coronavirus pandemic hits jobs and wages in many sectors of the global economy, a slowdown in the amount of money sent home by migrant workers looks increasingly likely, according to a report by World Economic Forum (WEF). ...
Sorn Sarath
https://www.khmertimeskh.com/50715088/migrants-home-remittances-dwindle/
WWF: Ban wildlife trade to avert future pandemics
World Wide Fund for Nature is calling for urgent global action to address factors which it projected would be key drivers in triggering possible zoonotic disease outbreaks in the future. The action comes amid the current COVID-19 pandemic, which has battered countries worldwide. ...
Pech Sotheary
https://www.khmertimeskh.com/50737775/wwf-ban-wildlife-trade-to-avert-future-pandemics
UN says Cambodian rice farming faces challenges
The UN’s Global Reporting Initiative shows the Cambodia rice sector has faced significant sustainability challenges of decreasing returns for small-scale producers, inadequate uptake of responsible farming practices and smallholder engagement models amid calls for increasing organic production. ...
Sorn Sarath
https://www.khmertimeskh.com/50777272/un-says-cambodian-rice-farming-faces-challenges/
GDT’s tax collection unfazed by Covid
The General Department of Taxation (GDT) rode out the challenges presented by the Covid-19 pandemic and the downturn in the regional and global economies to reach nearly 95 per cent of its annual revenue collection target as of December 16. ...
May Kunmakara
https://www.phnompenhpost.com/business/gdts-tax-collection-unfazed-covid
Car import values falls by more than 36% in 2020
The global Covid-19 pandemic caused the value of imported cars to Cambodia in 2020 to drop to nearly $1.1 billion, a decrease of more than 36 per cent compared to 2019, according to a report issued by the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/car-import-values-falls-more-36-2020
Revenue from international tourism dips 80 per cent in 2020
Cambodia booked just $1.023 billion in international tourism revenue last year, representing a 79.4 percent nosedive from $4.919 billion in 2019 due to the sweeping effects of the global Covid-19 pandemic, the Ministry of Tourism reported on April 19. ...
Hin Pisei
https://www.phnompenhpost.com/business/revenue-international-tourism-dips-80-cent-2020
Cambodia “Preparing To Welcome Back Foreign Tourists In Q4”
A new video released by the Ministry of Tourism seems to indicate that Cambodia is preparing to welcome back tourists in the 4th quarter of 2021, in a move designed to “revive Cambodia’s tourism industry hit hard by the global COVID-18 crisis” ...
Khmer Times Staff
https://www.khmertimeskh.com/50860697/cambodia-preparing-to-welcome-back-foreign-tourists-in-q4/
Jabs could swell 2022 GDP by 6%: think-tank
Cambodia’s “well-strategised and rapidly-executed” Covid-19 vaccination programme are set to underpin economic growth that may top six per cent next year, eclipsing the preponderance of regional and global peers, according to a new report from consulting firm Mekong Strategic Partners Co Ltd (MSP). ...
May Kunmakara
https://www.phnompenhpost.com/business/jabs-could-swell-2022-gdp-6-think-tank
Auto, electronics marked as potential priority sectors
The Cambodian government identified the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain, as well as promoting economic diversification and economic recovery after the Covid-19. ...
Chea Vanyuth
https://www.khmertimeskh.com/501060029/auto-electronics-marked-as-potential-priority-sectors/
Environment ministry shares five-point plan for carbon neutrality
A senior Ministry of Environment official spoke about its five-point recommendation for the successful implementation of the Long-term Strategy for Carbon Neutrality (LTS4CN) as a long-term vision, in response to global climate change and as a move towards zero emissions in Cambodia by 2050. ...
Voun Dara
https://www.phnompenhpost.com/national/environment-ministry-shares-five-point-plan-carbon-neutrality
Trade bodies CBC, IDI team up
The Bangkok-based Cambodia Business Council (CBC) and local Innovation and Development Investors Association (IDI) have joined forces to engage with and attract more investors as well as to improve Cambodian exports regionally and globally. ...
May Kunmakara
https://www.phnompenhpost.com/business/trade-bodies-cbc-idi-team
Oil price rises to severely impact businesses
High global oil prices, which have seen petrol pump prices in Cambodia rise about 10 per cent since August 1, could “severely” affect the transport sector and push up the cost of production, industry players said. ...
Hin Pisei
https://www.phnompenhpost.com/business/oil-price-rises-severely-impact-businesses
Insurance premiums rise to $81 million Q2
Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...
May Kunmakara
https://www.phnompenhpost.com/business/insurance-premiums-rise-81-million-q2
IMF urge cooperation for recovery
International Monetary Fund (IMF) managing director Kristalina Georgieva urged ASEAN leaders to invest in international cooperation as well as growth-enhancing reforms to fully recover and continue on the pre-pandemic path to prosperity amid a global economic slowdown. ...
May Kunmakara
https://phnompenhpost.com/business/imf-urge-cooperation-recovery
Instruction to remind on measures to prevent the spread of Monkeypox outbreak
On 24 July 2022, the Ministry of Health has posted an Instruction to remind on the measure to prevent the spread of Monkeypox on its official social media site.As the World Health Organization declared the Monkeypox outbreak a global health emergency, the Ministry of Health ...
Ministry of Health