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Tepco, Toshiba to manage power grids in Cambodia

Tokyo Electric Power Co. Holdings will team with Toshiba to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with soaring cleanup costs for the Fukushima nuclear plant disaster. ...

Nikkei
http://asia.nikkei.com/Business/Deals/Tepco-Toshiba-to-manage-power-grids-in-Cambodia

IMF sees Cambodia registering a combined GDP growth of one percent this year and to expand to 8.5 percent in 2021

The International  Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of  1.0 percent this year before surging 8.5 percent next year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50714379/imf-sees-cambodia-registering-a-combined-gdp-growth-of-one-percent-this-year-and-to-expand-to-8-5-percent-in-2021/

SCG reports healthy annual revenue despite 2020’s trials

The Siam Cement Group in Cambodia (SCG) reported sales revenue of $252 million in the Kingdom last year, according to the company’s annual report. SCG is the largest and oldest cement and building material company in Thailand and Southeast Asia. ...

Sok Chan
https://www.khmertimeskh.com/50810439/scg-reports-healthy-annual-revenue-despite-2020s-trials/

Cambodia readies Phnom Penh Statement for ASEM

Cambodia is preparing the draft of the Phnom Penh Statement on the Post-Covid-19 Socio-Economic Recovery for adoption by the leaders of the Asia and Europe during the 13th ASEM Summit hosted by Cambodia in November, Foreign Affairs Ministry Secretary of State Luy David said. ...

Sar Socheath
https://www.khmertimeskh.com/50901237/cambodia-readies-phnom-penh-statement-for-asem/

Cambodia, Laos, Myanmar, Vietnam and Thailand strategy for post pandemic era refined

With the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. ...

Khmer Times Staff
https://www.khmertimeskh.com/50926312/cambodia-laos-myanmar-vietnam-and-thailand-strategy-for-post-pandemic-era-refined/

China pledges bilateral cooperation and $270 million for development projects

In a meeting with Deputy Prime Minister Hor Namhong on Sunday, China’s Minister of Foreign Affairs Wang Yi pledged a $270 million grant and an additional three million Covid-19 vaccine doses, calling Cambodia one of Beijing’s closest allies in southeast Asia.   ...

Yin Soeum
https://www.khmertimeskh.com/50934478/china-pledges-bilateral-cooperation-and-270-million-for-development-projects/

Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy

The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501370132/diversification-and-market-access-rcep-positively-impacts-cambodias-economy/

Ministry: Arrivals of foreign tourists soar in ‘23

The Ministry of Tourism reported a surge in foreign tourist arrivals in Cambodia for the first eight months of 2023. Over 3.5 million international visitors were recorded, marking a 250.8 per cent increase compared to the same period last year. A significant 84.7 per cent ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-arrivals-foreign-tourists-soar-23

IOM reaffirms commitment to Kingdom’s migrant workers

International Organisation for Migration (IOM) Asia-Pacific regional director Sarah Lou Ysmael Arriola on May 3 reaffirmed her commitment to assist Cambodia in protecting the rights of migrant workers and improving governance, employment, human resource and migration system development, according to a labour ministry statement. ...

Post Staff
https://www.phnompenhpost.com/national/iom-reaffirms-commitment-kingdoms-migrant-workers

Regional meet gauges ozone-depleting-substance phaseout progress

Ministry of Environment secretary of state Pak Sokharavuth from March 13-17 attended meetings of senior officials in charge of implementing the Montreal Protocol in Southeast Asia, including a “green customs” workshop on reporting and managing trade in ozone-depleting substances (ODS), in Vietnam’s Halong city. ...

Ry Sochan
https://www.phnompenhpost.com/national/regional-meet-gauges-ozone-depleting-substance-phaseout-progress

‘How can we help grow your economy?’ Australia asks Cambodia

Australia’s special envoy for Southeast Asia Nicholas Moore said his nation has a lot to offer Cambodia and the region where it sees itself as a trusted and reliable partner, according to a statement released by the Australian Embassy in Cambodia Friday. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/how-can-we-help-grow-your-economy-australia-asks-cambodia

ADB, MPWT build $6.28 million landfill project in Battambang

The Asia Development Bank (ADB) in collaboration with the Ministry of Public Works and Transport (MPWT) has successfully built a 20-hectare controlled landfill in Battambang province, aiming to serve 126,000 people in the community with the capacity to remove 100 tonnes of trash daily for ...

Nheng Chamrong
https://www.khmertimeskh.com/501404698/adb-mpwt-build-6-28-million-landfill-project-in-battambang/

Cambodia, Brazil discuss ongoing cooperation

Chum Sounry, Secretary of State of the Ministry of Foreign Affairs and International Cooperation, and Eduardo Paes Saboia, Secretary of Asia and the Pacific of the Ministry of Foreign Affairs of Brazil, discussed the ongoing cooperation between Cambodia and Brazil during a meeting held in ...

Khmer Times Staff
https://www.khmertimeskh.com/501501298/cambodia-brazil-discuss-ongoing-cooperation/

ARDB, APRACA sign MoU to create CoE on green financing

Agricultural and Rural Development Bank (ARDB) and Asia-Pacific Rural and Agricultural Credit Association (APRACA) Thursday signed a Memorandum of Understanding (MoU) to create the Center of Excellence (CoE) to conduct research on green financing in agriculture in Cambodia. ...

Mom Kunthea
https://www.khmertimeskh.com/501539675/ardb-apraca-sign-mou-to-create-coe-on-green-financing/

Cambodia to feel an energy crunch, but growth to remain stable: report

Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report

Pricey petrol punishes poor

Petrol prices have jumped by 150 riel (US$0.03) a litre, much to the dismay of Cambodia’s poor, as NGOs appealed to the government to take action. Rong Chhun, president of the Cambodian Confederation of Unions (CCU), issued a letter dated August 16 appealing to Prime Minister Hun ...

http://www.phnompenhpost.com/index.php/2012082058157/Business/pricey-petrol-punishes-poor.html

Cambodian water utility to price IPO on 18 April

Phnom Penh Water Supply Authority is gearing up to price an initial public offering of up to $24 million on 18 April, making it the first stock to be traded on Cambodia’s fledgling stock exchange. Huy Vatharo, an executive director at underwriter Tong Yang Securities, ...

http://www.globalwaterintel.com/news/2012/9/cambodias-water-utility-price-ipo-18-april.html

Cambodia rejects suspicions reversal on us base upgrade signals plans to host Chinese military assets

Cambodia’s Minister of Defense Tea Banh on Monday dismissed suspicions that his government had reneged on accepting an offer from the U.S. to upgrade buildings at a naval base in Preah Sihanouk province because it plans to host Chinese military assets at the site. In a ...

Joshua Lipes
https://www.rfa.org/english/news/cambodia/base-07012019152820.html

Graduate convicted for bomb threat; sentence cut

The Siem Reap Provincial Court last week convicted Tao Savoeun, 26, of threatening to kill Interior Minister Sar Kheng at a graduation ceremony but will only require him to serve one month of his 15-month prison sentence, meaning he should be released within days.Mr. Savoeun, ...

Mech Dara
https://www.cambodiadaily.com/news/graduate-convicted-for-bomb-threat-sentence-cut-98225/

Japan building Mekong supply chain

Greater connectivity between Japan and Cambodia is tightening economic links between the two countries while catalysing Japan’s ambitions to develop a chain of industrial complexes that cut a tract through the Lower Mekong region. Officials at Japan External Trade Organisation (JETRO), Japan’s development agency, say ...

Matthieu de Gaudemar and Cheng Sokhorng
http://www.phnompenhpost.com/business/japan-building-mekong-supply-chain

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