Cambodia pins economic hopes on AEC
Cambodians are expecting a ‘seamless transition’ when the ASEAN Economic Community (AEC) is launched in two months and hopefully heralds a second investment wave, capable of transforming this country’s pool of unskilled labor into a manufacturing hub. ...
Luke Hunt
http://www.voanews.com/content/cambodia-pins-economic-hopes-on-aec/3031723.html
Master plan for TVET programmes prepared
Minister of Labour and Vocational Training Ith Sam Heng said a master plan was being established for Technical Vocational Education and Training (TVET) programmes to further human resource development in the face of a shortage of technical skills in the workforce. ...
Voun Dara
https://www.phnompenhpost.com/national/master-plan-tvet-programmes-prepared
Airport infrastructure key for Mondulkiri
The development of tourism in Mondulkiri province will require continued investment in transportation infrastructure – particularly in the region’s airport – which will play a vital role to service both tourists and light freight, according to a senior official at the ministry. ...
Sok Chan
https://www.khmertimeskh.com/50722617/airport-infrastructure-key-for-mondulkiri/
MEF discusses budget of Tourism Board
The Ministry of Economy and Finance (MEF) discussed the budget aspect of the Tourism Board on Monday. Seng Meng Hong, Tourism Secretary led the delegation to dwell upon the budget package for the operation of the Board of Study, Marketing and Tourism Promotion of Cambodia. ...
Jigmee Palden Pazo
https://www.khmertimeskh.com/501501020/mef-discusses-budget-of-tourism-board/
Government sends delegation to EU over preferential trade scheme
Officials from the Cambodian Ministry Of Foreign Affairs (MFA) have embarked on a two-week mission to the European Union (EU) seeking to have the Kingdom’s tax-free trading preferences with the economic bloc extended, according to a press release on Thursday. ...
Hor Kimsay
https://www.phnompenhpost.com/business/government-sends-delegation-eu-over-preferential-trade-scheme
NBC modernizes payment system
The National Bank of Cambodia (NBC) received a grant totaling $8 million from the South Korean government, through the Korea International Cooperation Agency (KOICA) to modernize its national retail payment system as the Kingdom gets ready to trade in the Asean Economic Community. ...
May Kunmakara
http://www.khmertimeskh.com/news/25854/nbc-modernizes-payment-system/
Cambodia needs 26.5 bln USD for next five-year development plan
The Cambodian Council of Ministers on Friday approved a five-year development strategic plan (2014-2018), which needs financial resources of 26.5 billion U.S. dollars to achieve the target, according to a news statement released after a weekly cabinet meeting. The plan is designed to develop infrastructure, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-05/30/c_133374027.htm
Poor education poses future risk for Cambodia
The Minister of Education, Hang Choun Naron, has officially announced on Monday that the second exam for 12th graders who fail this year exam will take place either at the end of September or early October. The announcement came after the Minister was reported that ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MThlYjFiMmJiMGF
Climate courses to be on offer
Cambodia is launching its first university-level climate change curriculum, according to USAID, which is supporting the pilot program. ...
Laignee Barron
http://www.phnompenhpost.com/national/climate-courses-be-offer
Call to protect rights of indigenous peoples
The chairman of the National Assembly’s Commission on Legislation and Justice has called for a united effort to safeguard the rights and interests of indigenous peoples. Pen Panha said Cambodia paid attention to indigenous peoples in areas such as tradition, identity, land ownership, and rights to ...
Pech Sotheary
http://www.khmertimeskh.com/5085787/call-protect-rights-indigenous-peoples/
Severe storm damages at least 20 houses in Koh Kong province
Northwestern and central Cambodia could see lightning and rainstorms in upcoming days, the Ministry of Water Resources and Meteorology warned on Tuesday, a day after storms damaged or destroyed at least 20 houses and a school building in Koh Kong province. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/severe-storm-damages-least-20-houses-koh-kong-province
Cambodia sees 1.48 bln USD trade deficit in 9 months
Cambodia has seen a trade deficit of 1.48 billion U.S. dollars in the first nine months of 2013, according to the Commerce Ministry’s data on Friday. The total import and export volume was valued at 11.82 billion U.S. dollars during the January-September period this year, up ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/25/c_132830753.htm
Garment exports to slow
Cambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political ...
Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/garment-exports-slow
Cambodia exports $7.21 billion worth of products to RCEP member countries in the first 11 months
Penn Sovicheat, secretary of state of Cambodia’s Commerce Ministry, said the RCEP has been a key driving force for Cambodia’s export growth and has become a magnet for attracting more foreign direct investment inflows into the country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501415453/cambodia-exports-7-21-billion-worth-of-products-to-rcep-member-countries-in-the-first-11-months/
Massive boost in Cambodia-Thai trade sought
Trade officials from Cambodia and Thailand will begin two days of talks in Bangkok tomorrow in an attempt to boost bilateral increase by 30 per cent per year over the next five years, including drawing more investment from third countries in special economic zones (SEZ), ...
May Kunmakara
http://www.khmertimeskh.com/news/18212/massive-boost-in-cambodia-thai-trade-sought/
BRI projects not to lead Cambodia into debt trap
The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501399348/bri-projects-not-to-lead-cambodia-into-debt-trap/
Insurance law reform under way
The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...
Hor Kimsay
http://www.phnompenhpost.com/business/insurance-law-reform-under-way
Cambodia to diversify
Cambodia Ministry of Tourism hopes to encourage international tourists to visit coastal areas and ecotourism destinations to take pressure off Siem Reap. The ministry’s marketing & promotion department representative, Hou Sokhom, told TTR Weekly that the country needs to encourage tourists to travel more to other ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-to-diversify/
Cambodia Climbs Global Competitiveness Ranks
Cambodia climbed the rankings of the World Economic Forum (WEF) 2012-2013 global competitiveness report to finish 85th out of 144 countries, an improvement of 12 places compared to the previous year. The WEF report, which was released yesterday, measured the competitiveness of each country on more ...
Aftermath of Chinese Exodus from Sihanoukville
Over the past few years with the influx of Chinese nationals and Cambodians working in Sihanoukville, landlords have been laughing all the way to the bank through rentals. Locals who visit the city regularly complained about high rentals for hotels, guesthouses and even food. Some ...
Ben Sokhean
https://www.khmertimeskh.com/50697816/aftermath-of-chinese-exodus-from-sihanoukville