Anti-Trafficking Initiatives in Southeast Asia with Key Events in Thailand and Cambodia by A21
A21, a global nonprofit organization committed to eradicating human trafficking through awareness, intervention, and aftercare, is proud to announce two landmark events in Pattaya, Thailand, and Cambodia. These initiatives underscore A21’s ongoing dedication to fortifying and expanding anti-trafficking efforts across the Southeast Asia region. ...
Khmer Times Staff
https://www.khmertimeskh.com/501401880/anti-trafficking-initiatives-in-southeast-asia-with-key-events-in-thailand-and-cambodia-by-a21/
Cambodia promotes water action by all for World Food Day 2023
Cambodia joined countries across the globe to promote water action as part of the country’s 2023 World Food Day commemoration, which took place in Kouloab commune, Chet Borei district in Kratie province. The commemoration event was held under the global theme, Water is Life, Water ...
Khmer Times Staff
https://www.khmertimeskh.com/501380934/cambodia-promotes-water-action-by-all-for-world-food-day-2023/
Electrical machinery, equipment export revenue exceeds $1.4B
Cambodia earned approximately $1.4 billion from the export of electrical machinery, equipment and parts to international markets during the first eight months of 2024, a decrease of one-third compared to the same period in 2023. Some economists attribute the decline to weak global economic growth. ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-equipment-export-revenue-exceeds-1-4b
Minimum wage increase, a strategic response to economic climate in Kingdom
The recent announcement by Prime Minister Hun Manet regarding the minimum wage increase to $208 per month for 2025 reflects a strategic response to the economic climate in Cambodia and globally, said a release by the Ministry of Labour and Vocational Training (MLVT) on Wednesday. ...
Mom Kunthear
https://www.khmertimeskh.com/501572155/minimum-wage-increase-a-strategic-response-to-economic-climate-in-kingdom/
Made in Cambodia: Foreign Industry Calls on Cambodia as the Next “Low-Cost” Alternative in All Things Manufacturing
About a decade ago, global manufacturing firms staged a mass exodus to Asia in search of low-cost alternatives to increasing domestic wage demands and operational costs. The consensus was the continued development of a regional supply chain that had formed in countries like Vietnam and Indonesia, ...
Hun Sen Denies China Influence Over Cambodia
Prime Minister Hun Sen yesterday hit back at claims that China had influenced Cambodia’s actions as chair of Asean, insisting that the visit of Chinese President Hu Jintao last weekend was not related to this week’s Asean Summit. Speaking at the closing of the summit at ...
Incitement Charge for Chhun
Global brands Levi’s and Gap had continued slashing orders at the Tai Yang and Camwell factories in Kandal province, costing the company that owns them about US$6 million, its manager claimed yesterday. Tai Yang Enterprises manager Wu Minghuor said the brands had reduced their orders from ...
Asia Weakness Heightens Fears of Contagion
Manufacturing activity in China and across a wide swath of Asia slowed in May, heightening fears that the turmoil in Western economies is dragging down one of the few remaining engines of global growth. Two purchasing managers indexes for China fell in May, briefly rattling investors ...
http://online.wsj.com/article/SB10001424052702303640104577439103464926734.html
Cambodia Joins Stocks Party
Cambodia tapped into the growing global interest in Southeast Asia with the start of trading in the sole stock at its gleaming new stock exchange on Wednesday. Ordinary Cambodians and local businesses scrambled to buy into the country’s first initial public offering—of shares in a local ...
http://online.wsj.com/article/SB10001424052702304331204577351551608365784.html
Samdech PM Appeals Aligning Oil Price to Food Price
Samdech Prime Minister Hun Sen appealed to the world to harmonize energy prices to food prices as food production shouldn’t outstrip the consumption of volatile fuels while food price remains stable, at the 4th workshop on food security and nutrition. Calling it “The Phnom Penh Initiative,” Prime Minister Hun Sen requested that the issue be ...
More visitors to hail Kingdom
Cambodia Airports estimates the number of passengers entering via Cambodia’s two international airports will increase by an average 8.8 per cent in 2013. That prediction is 1.2 per cent lower than the 2012 projection of a 10 per cent increase. The lower forecast is due to the ...
http://www.phnompenhpost.com/index.php/2012102559410/Business/more-visitors-to-hail-kingdom.html
Slow is good: The real estate market’s slower current growth is better in the long run, experts say
While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. although growth ...
Britain to support Cambodia in fight against money laundering, terrorism financing
Britain embassy to Cambodia is partnering with Cambodian government ministries and departments to provide a training course on international best practices in the field of anti-money laundering and combating the financing of terrorism, according to the embassy’s press release on Friday. The training will be ...
Hun Sen’s Niece Brings Hard Rock Restaurant to Cambodia
Hard Rock Cafe, the iconic U.S. restaurant franchise known for its collections of rock ‘n’ roll memorabilia, will open restaurants in Siem Reap and Phnom Penh, in a deal with a local firm owned by the niece of Prime Minister Hun Sen, company representatives said ...
http://www.cambodiadaily.com/news/hun-sens-niece-brings-hard-rock-restaurant-to-cambodia-15652/
Union reps claim factory beatdown
Union representatives who claim they were beaten to within an inch of their lives yesterday after they handed out pro-union leaflets in Phnom Penh’s Por Sen Chey district have vowed to take legal action. The 10 union members, who represent four different unions – the Union ...
http://www.phnompenhpost.com/national/union-reps-claim-factory-beatdown
Avis pulling into town
International car rental operator Avis is bringing its brand to Cambodia and Laos, according to a statement released last week from local licensee RMA Group. If the deal is seen through, Avis would be the first global car rental company to compete in the Kingdom. The company ...
Eddie Morton
http://www.phnompenhpost.com/business/avis-pulling-town
Rice exports to Thailand dive
Rice exports to Thailand plummeted in the first four months of the year as a result of that country’s surplus, which reached record levels at the end of 2013. Between January and April, Cambodia exported just 1,550 tonnes of rice to Thailand, down 89 per cent ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-exports-thailand-dive
Economy to contract for the first time since conflict ended
The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...
Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/
Cambodia to lose $3bn in revenue from tourism sector
Minister Thong Khon said during the launch of additional safety measures for tourism-based business that the global virus has hit the tourism sector the hardest around the world and Cambodia will see it’s foreign and local visitors decline by about 70 percent and 50 percent ...
Khmer Times Staff
https://www.khmertimeskh.com/50730893/cambodia-to-lose-3b-in-revenue-from-tourism-sector/
Draft law reviewed to curb money laundering
Interior Minister Sar Kheng yesterday held a meeting to review a draft law on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in a bid to curb money laundering in the Kingdom. The move is motivated by the global money-laundering watchdog Financial Action ...
Khuon Narim
https://www.khmertimeskh.com/50718096/draft-law-reviewed-to-curb-money-laundering/