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 ...
Open Development Cambodia publishes a new topic page on “SDG 16 Peace, justice and strong institutions”
Open Development Cambodia (ODC) publishes a new topic page on “SDG 16 Peace, justice and strong institutions”, which is one of the 17 goals of the UN Sustainable Development Goals (SDGs), in both Khmer and English languages. Through ODC’s new topic page on SDG 16, ...
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/
Malaysia seat belt law enforcement amongst lowest in SEA – ranks below Cambodia, Vietnam, WHO finds
A closer look at the World Health Organization’s (WHO) Global Status Report on Road Safety 2015 has revealed some rather disturbing information – Malaysia is amongst the lowest-ranked nations in South East Asia (SEA) when it comes to seat belt law enforcement and awareness on ...
Gregory Sze
http://paultan.org/2015/10/22/malaysia-seat-belt-law-enforcement-lowest-sea-who-finds/
Coastal communities to adapt for climate change
Funded by the Global Environmental Facility’s Least-Developed Country Fund (LDCF), the project will help coastal fishing communities and protected areas in Cambodia’s main four coastal provinces – Kampot, Kep, Koh Kong and Preah Sihanouk improve their livelihoods by increasing adaptive capabilities regarding climate change while ...
Jason Boken
https://www.khmertimeskh.com/50807075/coastal-communities-to-adapt-for-climate-change/
‘New normal’ recovery map afoot
Cambodia is designing policy for 2021-2023 to chart a path for sustainable and inclusive economic recovery from the Covid-19 crisis, with an approach that ensures peace, security, social stability and public order on the path to the “new normal”, enhances competitiveness and promotes economic diversification ...
Hin Pisei
https://www.phnompenhpost.com/business/new-normal-recovery-map-afoot
Gov’t spins out additional measures for tourism recovery
The Royal Government of Cambodia (RGC) on Monday issued another set of guidelines on additional measures to further control the impacts of the recovery of tourism in Cambodia as the economy has still been at high risk and uncertainty of regional and global changing trends, ...
Kang Sothear
https://www.khmertimeskh.com/501230304/govt-spins-out-additional-measures-for-tourism-recovery/