ADB: Adapting to 4IR will boost garments, tourism
A study conducted by the Asian Development Bank (ADB) recommended that Cambodia develop industry transformation maps in key sectors to enable transitions under the fourth industrial revolution (4IR). This should be accompanied by adequate investment in skills development for new and repositioned jobs. ...
Niem Chheng
https://www.phnompenhpost.com/national/adb-adapting-4ir-will-boost-garments-tourism
$30M credit guarantee scheme for rice inked
The state-owned Credit Guarantee Corporation of Cambodia (CGCC), Cambodia Rice Federation (CRF) and participating financial institutions (PFIs) signed an agreement on the $30 million Rice Export Guarantee Scheme (REGS) to help millers stockpile rice for milling, processing, exporting and making local value-added products. ...
Chea Vanyuth
https://www.khmertimeskh.com/501487226/30m-credit-guarantee-scheme-for-rice-inked/
‘Wintery’ weather warning
As temperatures drop during the cool season, children, infants and the elderly should take extra measures to ward off common seasonal illnesses, officials from the Ministry of Health said on Wednesday. In a press release issued by the Ministry of Health and the World Health Organization’s ...
Mom Kunthear and Amelia Woodside
http://www.phnompenhpost.com/national/%E2%80%98wintery%E2%80%99-weather-warning
PM decries copyright theft
Prime Minister Hun Sen yesterday called on government bodies, local authorities, international organisations and the private sector to dial back Cambodia’s widespread theft of copyrighted works, like film and music, and encouraged the creation of more original, home-grown cultural works. Copying other countries’ cultural output – ...
Vong Sokheng
http://www.phnompenhpost.com/national/pm-decries-copyright-theft
Influx of Cambodian workers back into Thailand seen with $4 passports
A Cambodian decree slashing the passport fee for would-be migrant workers to only $4 (about Bt 120) is expected to lead to an influx of workers from the neighbouring country into Thailand. Cambodian migrant workers who have just returned to Cambodia yesterday greeted the news with ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=M2JjNjM2ZWM0NzB
Gov’t warns resellers of Covid test kits
The Ministry of Posts and Telecommunications – which accepts purchase orders for Covid-19 antigen rapid test kits at $3.70 per unit, an offer exclusively for public and private institutions – has warned against reselling them. ...
Ry Sochan
https://phnompenhpost.com/national/govt-warns-resellers-covid-test-kits
U.S. and Cambodia Chamber of Commerce Ink Deal on Trade Loan Guarantees
PHNOM PENH — The U.S. Export-Import Bank ( Exim Bank) and the Cambodia Chamber of Commerce (CCC) inked the Memorandum of Understanding on trade loan guarantees to boost trade between the U.S. and ASEAN member countries, according to a statement released by the U.S. embassy ...
http://news.xinhuanet.com/english2010/business/2011-08/25/c_131072977.htm
Economists See Growth Potential in Stock Exchange
Cambodia has officially opened a stock exchange, which economists say will provide a chance for the development of the country and job creation. However, they warn that mismanagement of the bourse could also lead to economic woes. “When this stock market goes well, it will ...
Issues Remain as Union Law Enters Final Phase
As the creation of Cambodia’s first law on trade unions enters a final phase this week, labor activists and unions said the draft law as it stands is in urgent need of revision, as it would cripple unions and severely undermine collective bargaining rights. They ...
Nine Companies Barred From State Projects for Not Paying Tax
The Ministry of Finanace in August barred nine local companies from working on government infrastructure projects for allegedly failing to pay tax owed on several projects funded by foreign money, government and company officials said yesterday. The move by Finance Minister Keat Chhon to freeze ...
Cambodia hosts 3rd World Eco-Tourism Forum
Cambodia hosted the 3rd World Ecotourism Conference on October 3rd at the famous costal province—Preah Sihanouk—in an aim at developing the Asia Pacific region as a leading ecotourism destination. To celebrate the acceptance of the Cambodia costal zone (Preah Sihanouk Ville, Koh Kong, Kep and Kampot) ...
Japanese Investment Grows; Hurdles Remain
Japanese investment in Cambodia is steadily increasing as a result of sharply rising wages in China and other Southeast Asian nations. But experts warned this week that for sustained investment growth—and to avoid driving Japanese companies to other attractive investment destinations such as Burma —the ...
http://www.cambodiadaily.com/business/japanese-investment-grows-hurdles-remain-5144/
Laos holds "groundbreaking" ceremony for contentious Mekong dam
Laos held a “groundbreaking” ceremony on Wednesday for a $3.5 billion hydropower dam on the Mekong River that is opposed by environmentalists and some neighbouring countries because of the possible impact on livelihoods, fisheries and agriculture. But it was unclear when actual construction of the contentious ...
http://www.reuters.com/article/2012/11/07/laos-dam-idUSL3E8M77GG20121107
Hun Sen to Hold Bilateral Talks With Obama During Summit
Prime Minister Hun Sen will hold bilateral talks with U.S. President Barack Obama when the newly re-elected American leader visits Phnom Penh during this month’s East Asia and Asean Summits. Mr. Hun Sen announced the bilateral meeting in a letter to Mr. Obama on Wednesday congratulating ...
Wage Hike Leads To Rent Fears
Cambodian Confederation of Unions president Rong Chhun yesterday appealed to landlords with properties close to garment factories not to take advantage of the industry’s minimum wage increase by raising rent prices. The minimum monthly salary in the garment sector – Cambodia’s biggest export industry – officially ...
http://www.phnompenhpost.com/2013051065555/National/wage-hike-leads-to-rent-fears.html
Cambodia feels drop in Asian rubber prices
The end of export restrictions in Thailand and a lowering of economic growth forecasts out of top rubber importers China, the United States and Germany have caused natural rubber prices around Asia − and in Cambodia’s local industry − to fall from a two-month high. Future ...
http://www.phnompenhpost.com/2013060666093/Business/cambodia-feels-drop-in-asian-rubber-prices.html
Tycoon lands surprise
Mong Reththy, former advisor to Prime Minister Hun Sen has said that investors should use local residents on their land concessions rather than evicting them and hiring outsiders. According to a US diplomatic cable released by WikiLeaks Mr. Reththy is “Hun Sen’s Money Man” and ...
http://www.phnompenhpost.com/index.php/2011072850694/National-news/tycoon-lands-surprise.html
Thai rail link back on track
Representatives from Cambodia and Thailand yesterday agreed to a 2013 completion date for a railway link from Phnom Penh across the Cambodia-Thailand border crossing at Poipet. Outdated agreements had delayed the project, Thai officials said. Insiders have also said disagreements over cross-border trade have kept the ...
http://www.phnompenhpost.com/index.php/2011121353318/Business/thai-rail-link-back-on-track.html
Chevron talks oil production
Chevron Overseas Petroleum (Cambodia) has been actively exploring Cambodia’s offshore Block A, and applied for a permit to begin extraction from government authorities. Yesterday, The Post caught up with its President Steve Glick, who has been in his present role in Phnom Penh for about ...
http://www.phnompenhpost.com/index.php/2011080450868/Business/chevron-talks-oil-production.html
Cambodian Prime Minister calls on Japan for more tourists, investors
Prime Minister Hun Sen of Cambodia has called upon Japanese counterpart Yoshihiko Noda for his support in encouraging more investments and tourism from Japan to help strengthen bilateral ties between the two Asian nations. The request was made at a meeting on Monday during the ...