FDI inflow to Cambodia increases by 7.7 percent in 2022 despite global uncertainty
Cambodia attracted fixed-asset investment of $4.68 billion in 2022, up 7.5 percent from $4.35 billion in a year earlier, a Council for the Development of Cambodia’s report showed on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501215425/fdi-inflow-to-cambodia-increases-by-7-7-percent-in-2022-despite-global-uncertainty/
Labour Ministry, SCIA ink MoU on Vocational Training for Cambodia’s young people
The Ministry of Labor and Vocational Training and Singapore Cambodia International Academy (SCIA) have reached a Memorandum of Understanding to cooperate in carrying out the Royal Government of Cambodia’s policy on vocational training for 1.5 million young people. ...
Khmer Times Staff
https://www.khmertimeskh.com/501312580/labour-ministry-scia-ink-mou-on-vocational-training-for-cambodias-young-people/
Cambodia’s Q1 international trade at $11.3 billion
Cambodia’s international trade decreased 14.5 percent to $11.3 billion in the first quarter of 2023, according to a report from the General Department of Customs and Excise yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501271231/cambodias-q1-international-trade-at-11-3-billion/
Cambodia collects nearly $6 billion in taxes in 2023
Cambodia earned $5.9 billion in revenues from all kinds of taxes in 2023, a 3.9 percent decrease compared to $6.14 billion in 2022, as per an official report released on Friday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501442033/cambodia-collects-nearly-6-billion-in-taxes-in-2023/
MRC, USAID partner to enhance Mekong Basin management
The US Agency for International Development (USAID) has signed a grant agreement worth $5 million with the Mekong River Commission (MRC) to launch their new Mekong Basin Partnership. ...
Khmer Times Staff
https://www.khmertimeskh.com/501514652/mrc-usaid-partner-to-enhance-mekong-basin-management/
Price rules pulled due to election
The government in May held back on implementing widely unpopular rules that would have raised the price of mobile phone calls so as to not upset consumers – and potential voters – just months ahead of the national election, according to Cambodia’s independent telecommunications regulator. “Before ...
Daniel de Carteret
http://www.phnompenhpost.com/business/price-rules-pulled-due-election
Cambodian to meet some MDG goals, deal landmine issues: envoy
Cambodia will meet some of the Millennium Development Goals by the end of 2015 and will continue to deal with landmine threats, said a Cambodian envoy to UN Tuesday at the General Debate of the UN General Assembly. The number of people below the poverty line ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/02/c_132767290.htm
Minorities complain to IFC over rubber farm funding
More than a dozen ethnic minority communities from Cambodia’s northeast filed a complaint with the International Finance Corporation (IFC) on Monday, accusing it of breaking its own safeguard policies by investing in rubber plantations they say are stealing their land and illegally logging their forests. The ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/minorities-complain-to-ifc-over-rubber-farm-funding-51868/
Outcomes of the ASEAN Post Ministerial Conference Sessions with Canada and New Zealand, and the Bilateral Meeting with the Foreign Minister of New Zealand
On 5 August 2021, the Ministry of Foreign Affairs and International Cooperation issued a press release on the outcomes of the ASEAN Post Ministerial Conference Sessions with Canada and New Zealand, and the Bilateral Meeting with the Foreign Minister of New Zealand on 5 August ...
Ministry of Foreign Affairs and International Cooperation
His Excellency PRAK Sokhonn and His Excellency WANG Wentian will sign the Agreement on the Cooperation Projects of the Mekong-Lancang Cooperation Special Fund 2022
On 11 June 2022, the Ministry of Foreign Affairs and International Cooperation issued a press release on His Excellency PRAK Sokhonn and His Excellency WANG Wentian signing the Agreement on the Cooperation Projects of the Mekong-Lancang Cooperation Special Fund 2022.On 13 June 2022, His Excellency ...
Ministry of Foreign Affairs and International Cooperation
Insurance firms at loss through first three quarters
Insurance companies have operated at a loss through the first nine months of the year, paying out a total of $32.5 million over $20.4 million in generated revenues, according to data released by the Cambodian Reinsurance Company on Friday. Ty Atith, a senior underwriter at the ...
Women’s Cancer Hospital to Open in Phnom Penh in 2015
The construction of a new $17.5 million women’s cancer hospital specializing in gynecological services will break ground this summer, one of the co-founders said yesterday. Janne Ritskes, the director of Tabitha Cambodia, an organization that works to improve the lives of poor Cambodians, said the 220-bed ...
Coffee Prices Increase on Demand for Product
The price of coffee in Mondolkiri province, the country’s top coffee producing area, is continuing to increase as demand for the commodity continues to grow, according to local farmers and officials. Chay Moa, who owns a 5-hectare coffee farm in Sen Monorom City, said that he ...
A Tough Ride for S Korean Property Projects
GS Engineering & Construction broke ground on June 18, 2008 of Cambodia’s largest building the International Finance Complex in Phnom Penh but since then has been suspend or forced to downscale like all of the other building projects in the city. Worth more than $4.5 ...
Relocation, cash offered to make way for bridge
More than 144 families threatened with eviction from Daun Penh district’s Srah Chak commune to make way for a new $27.5 million Chinese-Cambodian Friendship Bridge attended a meeting on Friday to discuss an offer of relocation and compensation, an official said The meeting with Deputy District ...
Medical bills lead many into debt, survey reveals
Small-scale health insurance policies can be an effective way to avoid drowning in debt, according to a survey released yesterday. Fifty-eight percent of 5,275 households surveyed in Kandal, Takeo and Kampot provinces had taken out loans, with health care and medical costs being the chief reason, ...
China quick to act on trade promise
An across-the-board trade and investment deal signed with China’s Yunnan province on Friday was a jump-start to Chinese President Hu Jintao’s pledge a week earlier to double bilateral trade with the Kingdom to US$5 billion by 2017. The package signing, which brought a delegation of 45 ...
CDC approves $600m in investments
The Council for the Development of Cambodia (CDC) last week approved 11 projects worth nearly $600 million. According to a post on CDC’s Facebook page yesterday, 11 projects were greenlighted on June 5-7, amounting to a total investment of $597 million. CDC estimates the projects will generate ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50612918/cdc-approves-600m-in-investments/
Hun Sen announces broad cuts of petty taxes
The country’s lower class will receive a series of tax breaks starting in 2016, Prime Minister Hun Sen announced Thursday, with tariffs on motorbikes, tuk-tuks and farm machinery to be waived, along with fees at stalls in state-owned markets.Striking a populist tone during the inauguration ...
Kang Sothear
https://www.cambodiadaily.com/news/hun-sen-announces-broad-cuts-of-petty-taxes-98057/
Hun Sen talks poverty
Prime Minister Hun Sen has outlined Cambodia’s strategy for tackling poverty in a keynote speech to a United Nations forum in Beijing marking the 2015 International Day for Eradication of Poverty.Addressing the gathering of leaders on Friday, the premier lauded the 1 billion people brought ...
Zoe Holman
http://www.phnompenhpost.com/national/hun-sen-talks-poverty