CDC approves three new investment projects worth over $23 million
The Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of $23.2 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501301040/cdc-approves-three-new-investment-projects-worth-over-23-million/
Quarrying
Small-scale quarries producing construction materials are a key part of the mining industry in Cambodia. Clay for brick and tile manufacturing and sand and gravel are found in many locations.Under the Law on Mineral Resource Management and Exploitation (‘the mining law’) there are six types ...
MoU signing ceremony between ODC and Svay Rieng University
On 09 December 2021, Open Development Cambodia (ODC), in collaboration with Svay Rieng University (SRU), organized a Memorandum of Understanding (MoU) signing ceremony to provide financial support to final-year Bachelor’s degree students. In collaboration with the Royal Government of Cambodia and the Ministry of Education, ...
Cambodia and UK trade surges in 2011
Bilateral trade between Cambodia and the United Kingdom increased more than 55% year-on-year during the first six months of 2011, according to the British Embassy in Phnom Penh. Total trade between January and June equalled US$247.2 million, up from $159.3 million during the same period in ...
IMF says GDP will grow to 6.7 percent this year
The International Monetary Fund yesterday estimated that economic growth in Cambodia would reach 6.7 percent this year, though it warned that a slowdown in the US and Europe could lead to a dip in the economy. In its world economic outlook, the IMF also predicted that ...
Moody’s warns about impact of ‘shift in political relations’
The government’s plan to take a new $2 billion loan for next year’s budget will increase the debt burden to 31.5 per cent of the GDP next year, an analyst from credit rating agency Moody’s said, adding that it remained at a moderate level compared ...
Hor Kimsay
https://www.phnompenhpost.com/business/moodys-warns-about-impact-shift-political-relations
Countdown to expressway groundbreaking begins
The groundbreaking of the nearly $2-billion expressway connecting the capital and Sihanoukville has been confirmed for March 22. The expressway will start at Tomnop Kobsrov Street, between Cham Chao and Krang Thnong communes, northwest of Phnom Penh International Airport, said Kong Vimean, spokesman for the ...
Chea Vannak
https://www.khmertimeskh.com/50583762/countdown-to-expressway-groundbreaking-begins/
Sar Kheng: Have five kids to double size of population
Minister of Interior Sar Kheng on Saturday encouraged people to have five children per family so the Kingdom’s population can double to more than 32 million. He said the recent census found that Cambodia has a population of 15.2 million, but the country is large ...
Mech Dara
https://www.phnompenhpost.com/national/sar-kheng-have-five-kids-double-size-population
Voter registration ahead of schedule: NEC
With almost 2 million voters registered so far, the National Election Committee yesterday declared its roll-out of new digital voter lists to be ahead of schedule, though efforts to organise “free and fair” elections continued to be undermined by the persecution of opposition politicians, an ...
Bun Sengkong
http://www.phnompenhpost.com/national/voter-registration-ahead-schedule-nec
EU pledges nearly $9M to eleven local NGOs
Six months after the European Parliament adopted a resolution calling on the Cambodian government to scrap a draft NGO law that came into effect in August, the E.U. announced on Monday that it had pledged 8.2 million euros (about $8.9 million) to local and international ...
George Wright
https://www.cambodiadaily.com/news/eu-pledges-nearly-9m-to-eleven-local-ngos-105849/
Rubber prices could rise
Rubber prices on the global commodities market are expected to rise to $2,500 per ton due to the improved state of the world economy and efforts by four major rubber producing countries – Vietnam, Thailand, Indonesia and Malaysia – to cut back supply, according to ...
Sok Chan
http://www.khmertimeskh.com/news/32511/rubber-prices-could-rise/
EGA reports Cambodian casino losses
Nasdaq-listed Entertainment Gaming Asia (EGA) reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in ...
Kali Kotoski
http://www.phnompenhpost.com/business/ega-reports-cambodian-casino-losses
NEC to begin registering voters it missed for 2017
The National Election Committee said it will aim to register around 1.4 million of the nearly 2 million eligible voters it was unable to get on voter rolls last year, though the body’s chairman, Sik Bun Hok, refused to address yesterday whether the process would ...
Soth Koemsoeun
http://www.phnompenhpost.com/national/nec-begin-registering-voters-it-missed-2017
New rules for digital payments
The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments
Public transport a priority: WB
As the urban population continues to grow at rate of 2.6 percent per year, improving public transport and coming up with detailed urbanisation plans should be top priorities for authorities in Phnom Penh, as well as for other urban centres, including Sihanoukville and Siem Reap, ...
Chea Vannak
http://www.khmertimeskh.com/5084611/public-transport-priority-wb/
Stung Treng border brigade unveiled
The government on Saturday inaugurated a new Royal Cambodian Armed Forces brigade to serve a disputed part of the Cambodia-Laos border. Defence Minister General Tea Banh presided over a ceremony to mark the establishment of infantry brigade 128, which comes under the control of RCAF’s ...
Khy Sovuthy
http://www.khmertimeskh.com/5088220/stung-treng-border-brigade-unveiled/
Special tax exemption on goods grown in Cambodia
The Government has agreed to grant tax exemption for farm goods grown in Cambodia by Vietnamese enterprises and individuals and imported for processing Statistics show that in southern Tay Ninh Province alone 120 individuals from the districts of Chau Thanh, Tan Bien, Trang Bang and Tan ...
Vietnamese still Cambodia’s strongest market
Cambodia’s tourism arrivals jumped more than 24 percent during the first ten months 2012, with more than 2.86 million international visitors. A tourism ministry update reported Vietnam as the country’s number one largest source of foreign visitors, with 638,560 tourists followed by South Korea and China, ...
http://www.etravelblackboardasia.com/article/88009/vietnamese-still-cambodias-strongest-market
Strikers told they have it good
About 4,000 workers from two garment factories protested in Phnom Penh yesterday for better working conditions – but bosses told them their 7.5 hour working days and free meals meant they had it pretty good. The workers from SL Garment Processing (Cambodia)’s SL1 and SL2 factories ...
HLB gets nod to open bank in Cambodia
Hong Leong Bank Bhd (HLB) has received approval from Cambodia’s Ministry of Commerce to open a wholly-owned, locally incorporated commercial bank in Cambodia. HLB said with a capital of US$37.5 million (RM116.2 million), Hong Leong Bank (Cambodia) Plc will commence operations in Cambodia within ...