Gov’t to borrow $300M from investors next month
The Ministry of Economy and Finance (MEF) Wednesday announced that it will borrow $300 million from the public and institutions by issuing its first three types of government bonds eight times from September to the end of this year. ...
Kang Sothear
https://www.khmertimeskh.com/501138957/govt-to-borrow-300m-from-investors-next-month/
Chinese support needed in Cambodia to boost Traditional Chinese Medicine
Officials from the Cambodian Ministry Of Health joined a recent Mekong-Lancang Cooperation (MLC) conference in Nanning, Guangxi province, China, intending to bolster the training and production Of traditional medicine in collaboration with Chinese institutions. ...
Khmer Times Staff
https://www.khmertimeskh.com/501416586/chinese-support-needed-in-cambodia-to-boost-traditional-chinese-medicine/
Joint media release on National Bank of Cambodia and Monetary Authority of Singapore sets up Financial Transparency Corridor to support SMEs
On 11 July 2023, the National Bank of Cambodia issued a joint media release on National Bank of Cambodia and Monetary Authority of Singapore sets up Financial Transparency Corridor to support SMEs.The FTC is an information sharing platform which will facilitate the exchange of financial ...
National Bank of Cambodia
Demand for wage increases rejected
Cambodia, with over 400 garment and footwear factories, has become an Asian clothes manufacturing center, and hugely profitable for the factory owners They have rejected a demand by the Cambodian Confederation of Unions to double the minimum monthly wage of factory workers from $61. The ...
http://www.vancouversun.com/business/Demand+wage+increases+rejected/8044435/story.html#ixzz2MYys4mpC
Announcement on the suspension of education, technical and vocational, and training institutions in Prey Veng, Kampong Cham and Koh Kong province
On 09 March 2021, the Ministry of Labour and Vocational Training released an announcement on the suspension of education, technical and vocational, and training institutions in Prey Veng, Kampong Cham and Koh Kong province as an effort to prevent the spreading of COVID-19 in the ...
Ministry of Labour and Vocational Training
Settle vehicle import taxes owed by Dec 31: customs
The General Department of Customs and Excise of Cambodia (GDCE) on December 1 reiterated a call on owners of left-hand drive vehicles who have yet to pay any applicable import taxes or related fees due to do so before December 31, in order to benefit ...
Nov Sivutha
https://www.phnompenhpost.com/business/settle-vehicle-import-taxes-owed-dec-31-customs
Micro-Lender To Roll Out ATM Service
Hattha Kaksekar Limited, one of the country’s largest microfinance institutions (MFIs), is in talks to become a commercial bank by 2014, an official at the micro-lender said yesterday. The move, if successful, will be in line with the Central Bank’s policy to support MFIs in diversifying ...
Provincial Capital To Be Built on Teak Forest
The government has granted 322 hectares of state-owned teak forest in the newly formed Tbong Khmum province to the Interior Ministry so that the land can be used to build a new provincial capital, the Interior Ministry said Wednesday. “The government has decided to use more ...
Eang Mengleng
http://www.cambodiadaily.com/news/provincial-capital-to-be-built-on-teak-forest-51553/
Social Work to shape Kingdom
Social work, long-established in developed countries but unheard-of in Cambodia, could be set to change the face of child protection in the country as interest in the field grows. Last week, a hundred potential social workers from around the country came to Phnom Penh for an ...
http://www.phnompenhpost.com/index.php/2012092558885/Lifestyle/social-work-to-change-cambodia.html
Announcement of the practice of fewer school hours following the hot weather
On 25 April 2019, the Ministry of Education, Youth and Sport published an announcement of the practice of fewer teaching and studying hours during the hot, dry season in order to prevent risks and avoid diseases. All educational institutions are requested to practice as follow:In ...
Ministry of Education, Youth and Sport
Cabinet approves $1.7B Tonle Bassac project
The Council of Ministers on Friday approved the Tonle Bassac navigation and logistics system project worth approximately $1.7 billion to maximise the potential of Cambodia’s waterway transportation by connecting the Mekong River system to the sea after a 26-month study has been completed, said a ...
Kang Sothear
https://www.khmertimeskh.com/501294139/cabinet-approves-1-7b-tonle-bassac-project/
Conference throws spotlight on key role of banks
The 9th NBC Annual Macroeconomic Conference 2022 kicked-off today, highlighting how financial institutions, particularly banks, continue to be crucial participants in funding the real economy and supporting recovery. ...
Seng Mengheng
https://kiripost.com/stories/conference-throws-spotlight-on-key-role-of-banks
Industry Ministry to Be Split, New ‘Handicraft’ Focus
The National Assembly is set to dismantle the Ministry of Industry, Mines and Energy, rebuilding it as the Ministry of Mines and Energy and creating a new Ministry of Industry and Handicrafts, a senior CPP lawmaker confirmed on Friday. The move comes just a few weeks ...
Kuch Naren
http://www.cambodiadaily.com/news/industry-ministry-to-be-split-new-handicraft-focus-46782/
IDs are not ‘sufficient guarantee’ for loans
Cambodia’s central bank has asked all financial institutions, especially rural lenders, to refrain from accepting personal identity cards, residential records and family books as a guarantee while giving out loans to consumers. ...
Sor Chandara
http://www.phnompenhpost.com/business/ids-are-not-sufficient-guarantee-loans
Children’s faeces just as toxic, report says
A recently released study on hygiene in Cambodia has found that a lack of understanding of the dangers of handling child faeces is causing serious health problems. ...
Sean Teehan
http://www.phnompenhpost.com/national/childrens-faeces-just-toxic-report-says
China’s appetite for rubber increasing
Natural rubber consumption in China, Cambodia’s largest rubber market, is expected to rise by 7.2 per cent in 2013 after growing by 4.5 per cent last year, according to the Singapore-based International Rubber Study Group (IRSG). Demand in North America was expected to grow 4.2 per ...
http://www.phnompenhpost.com/2013012460966/Business/china-s-appetite-for-rubber-increasing.html
Japanese capital flooding in to Cambodia
Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants. ...
Hor Kimsay
http://www.phnompenhpost.com/business/japanese-capital-flooding-cambodia
Investors from Korea relocate to Cambodia
Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...
http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html
Cambodia's elderly receive inadequate support
For 70-year-old Chan Shay, the choice between working through old age and a retirement in poverty is an obvious one. Shay, a cyclo taxi driver in Phnom Penh, said that while he dreams of retiring to his home in Takeo province, in reality he can see ...
Alice Cuddy and Khouth Sophak Chakrya
http://www.ucanews.com/news/cambodias-elderly-receive-inadequate-support/72092
Plans for open paddy market
The Ministry of Commerce is conducting a feasibility study to set up an open paddy market for paddy rice in at least two provinces to make the rice trade more transparent, s senior official says. ...
http://www.phnompenhpost.com/2012122560464/Business/plans-for-open-paddy-market.html