International remittances could plunge by millions
Cambodia could lose more than 15 percent of its international remittances in 2020 under the worst-case scenario because of the COVID-19 pandemic, according to a report by the Asian Development Bank (ADB). ...
Sorn Sarath
https://www.khmertimeskh.com/50751317/international-remittances-could-plunge-by-millions/
Good weather proves savoury for salt farmers in Kampot
Kampot province has produced around 84,000 tonnes of salt so far this year to supply the domestic market, according to a report from the Salt Farms Bureau of the Kampot Provincial Department of Industry, Science, Technology and Innovation. ...
Sok Chan
https://www.khmertimeskh.com/50756098/good-weather-proves-savoury-for-salt-farmers-in-kampot/
Bird’s nest exports to China still far off
The Kingdom’s remains bogged down in efforts to officially export edible bird’s nest to China, according to a senior official at the Ministry of Agriculture, Forestry and Fisheries on April 1. ...
Hin Pisei
https://www.phnompenhpost.com/business/birds-nest-exports-china-still-far
Consumer credit performance improving
Consumer credit performance is showing consistent improvement as both loan balances and the number of loan accounts issued are undergoing sustained positive growth, according to a report from the Credit Bureau Cambodia (CBC). ...
Sok Chan
https://www.khmertimeskh.com/50809008/consumer-credit-performance-improving/
How the US Fed’s forecast affects local economy
The Cambodian economy is not insulated from fears of inflation and the selloff of US bonds, according to a financial analyst. US Federal Reserve Chair Jerome Powell reaffirmed the US’ quantitative easing policy to spur a turnaround in the country’s economy. ...
Husain Haider
https://www.khmertimeskh.com/50829301/how-the-us-feds-forecast-affects-local-economy/
New garment sector investments exceeding $8mn approved by CDC
The Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. ...
Husain Haider
https://www.khmertimeskh.com/50908192/new-garment-sector-investments-exceeding-8mn-approved-by-cdc/
Government disputes HRW report
Ministry of Environment spokesman Neth Pheaktra has responded to a report issued by Human Rights Watch (HRW) which claimed that the construction of the Lower Sesan II Hydropower Dam had undermined human rights in Cambodia. ...
Voun Dara
https://www.phnompenhpost.com/national/government-disputes-hrw-report
Over 500 Chinese and Taiwanese nationals received Cambodian citizenship in last 12 months
According to a report in the Cambodia China Times, over 500 Chinese and Taiwanese nationals have become Cambodian citizens in the last 12 months – 83% of the total of foreign nationals to receive Cambodian citizenship. ...
Khmer Times Staff
https://www.khmertimeskh.com/50916750/at-least-500-chinese-and-taiwanese-nationals-received-cambodian-citizenship-in-last-12-months/
ASEAN Tourism Forum moved to Sihanoukville
The government has decided to relocate the venue for the ASEAN Tourism Forum (ATF) 2022, which was originally scheduled to take place in Phnom Penh on January 16-22, to Sihanoukville, according to a letter from the Council of Ministers. ...
Hin Pisei
https://phnompenhpost.com/business/asean-tourism-forum-moved-sihanoukville
Cambodia’s garment, footwear, travel goods exports up 15.2 pct in 2021
Cambodia’s garment, footwear and travel goods industry has seen a 15.2 percent rise in exports in 2021, according to a report from the General Department of Customs and Excise on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501024109/cambodias-garment-footwear-travel-goods-exports-up-15-2-pct-in-2021/
Hun Sen approves capital gains tax deferral until 2024
The government has decided to postpone the implementation of the capital gains tax until 2024 in a bid to restore and prop up post-pandemic economic growth, according to a notice from the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...
Hom Phanet
https://www.phnompenhpost.com/business/hun-sen-approves-capital-gains-tax-deferral-until-2024
Cambodia, Hungary to strengthen trade ties
Cambodia and Hungary agreed to enhance economic and trade cooperation at a meeting held recently at the Ministry of Commerce (MoC) after bilateral trade between the two countries re-bounced this year, according to a release. ...
Kang Sothear
https://www.khmertimeskh.com/501084798/cambodia-hungary-to-strengthen-trade-ties/
World Bank says Cambodia’s economy on recovery path, forecast 4.8 percent GDP growth for this year
Cambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198797/world-bank-says-cambodias-economy-on-recovery-path-forecast-4-8-percent-gdp-growth-for-this-year/
Cambodia exported $900M bicycles in 2022
Cambodia earned $900 million from the export of bicycles in 2022, which is an increase of 43 percent over the $631 million reported for 2021, according to a report by the Ministry of Commerce. ...
Sok Sithika
https://www.khmertimeskh.com/501229750/cambodia-exported-900m-bicycles-in-2022/
Cambodian villagers accuse Chinese mining company of infringing on their land
About 200 families in central Cambodia say they are in danger of losing hundreds of hectares of farmland – with or without compensation – to a Chinese gold mining company expanding its excavation area. ...
RFA Khmer Staff
https://www.rfa.org/english/news/cambodia/mining-company-09132023175357.html
500 underprivileged kids to access digital math tool
Five hundred underprivileged Cambodian kids are being given the chance to expand their education with free access to a fun math digital learning tool provided by the charity of Israel to Cambodia. ...
Meas Molika
https://kiripost.com/stories/500-underprivileged-kids-to-access-digital-math-tool
Int’l tourist arrivals cross 1.5 million in Jan-Oct
The number of international tourists visiting Cambodia during January-October 2022 rose to 1,575,954, which is an increase of 991.1 percent over the same period of last year, according to a Ministry of Tourism report, released on Wednesday. ...
Sok Sithika
https://www.khmertimeskh.com/501194322/intl-tourist-arrivals-cross-1-5-million-in-jan-oct/
Cambodia-Korea trade zooms 16% to $920 million
The bilateral trade between Cambodia and South Korea reached $920 million in ten months of 2022, a year-on-year increase of 16.3 percent, according to a report from the Korea International Trade Association (KITA). ...
Chea Vanyuth
https://www.khmertimeskh.com/501188121/cambodia-korea-trade-zooms-16-to-920-million/
Indigenous representatives in Mondulkiri seek Prime Minister's intervention to keep community land
Representatives of indigenous peoples in Mondulkiri province file a petition at the office of Prime Minister Hun Sen to keep more than 200 hectares of community land for residents and stop giving that land to a private company for development that will affect their livelihood. ...
Saut Sokprathna
https://www.vodkhmer.news/2022/11/26/indigenous-representatives-in-mondulkiri-seek-prime-ministers-intervention-to-save-community-land/
Seventeen nests of lesser Adjutant recorded in 2022 breeding season
A total of 17 nests of Lesser adjutant (Leptoptilos javanicus) were recorded in Lumphat Wildlife Sanctuary (LWS) by the end of 2022 breeding season, according to a news release of NatureLife Cambodia this morning. ...
Khmer Times Staff
https://www.khmertimeskh.com/501312556/seventeen-nests-of-lesser-adjutant-recorded-in-2022-breeding-season/