Banking loans rise 11% to $58b from January to June
Up to 238.7 trillion riel or $57.8 billion worth of loans were disbursed by banks and financial institutions in the first half of 2023, the National Bank of Cambodia (NBC) shared in an X post this morning, noting its increase of 10.5 percent year-on-year. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/banking-loans-rise-11-to-58b-from-january-to-june
Sar Kheng urges unity after official vote results
Minister of Interior Sar Kheng has instructed all commune council members elected in the recent 5th-mandate elections to work together to provide public services to the people under their authority regardless of political affiliations. ...
Nov Sivutha
https://www.phnompenhpost.com/national-politics/sar-kheng-urges-unity-after-official-vote-results
Banks, MFIs raise interest rates following Fed move
Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...
Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/
GDT’s tax collection target for 2023 up by $750M
The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...
Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/
NEC set for voter list, registration training
The National Election Committee (NEC) will hold a training course for officials, representatives of political parties and civil society organisation (CSOs) observers on the procedure for verifying voter list and registration. The three-day session is scheduled for September 5-7. ...
Nov Sivutha
https://www.phnompenhpost.com/national/nec-set-voter-list-registration-training
Women’s affairs ministry, PIC project works to empower girls
The Ministry of Women’s Affairs and Plan International Cambodia (PIC) expressed their joint commitment to empowering girls to make decisions about their own bodies and participate in the nation’s development through their joint project on leadership, with the expectation that by 2026 approximately 2.5 million ...
Long Kimmarita
https://www.phnompenhpost.com/national/womens-affairs-ministry-pic-project-works-empower-girls
NGO seeks exchange of plastic waste from Tonle Sap Lake for rice
The BambooShoot Foundation is looking for companies, philanthropists or business associations that will exchange more than 10 tonnes of plastic waste from the Tonle Sap Lake for 3.5 tonnes of rice. The NGO wants to use the rice to reward the 350 families from Peam ...
Long Kimmarita
https://www.phnompenhpost.com/national/ngo-seeks-exchange-plastic-waste-tonle-sap-lake-rice
NEC, Oz envoy talk election preparations
Australian ambassador Justin Whyatt on May 5 met with National Election Committee (NEC) chairman Prach Chan to discuss preparations for the July 23 national elections. During the meeting, Whyatt recounted his mission to Cambodia between 2002 and 2003 to observe the commune council and general elections. ...
Kim Yutharo
https://www.phnompenhpost.com/national/nec-oz-envoy-talk-election-preparations
SEA and Para Game medallists awarded $6.6m
Cambodia spent about $6.6 million to reward Cambodian medallists at the 32nd SEA Games and 12th ASEAN Para Games 2023, providing essential funds for awarded athletes to support their livelihoods and future training. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-sea-and-para-game-medallists-awarded-66m
Cambodia’s H1 export of Chapter 94 items down 30%
Cambodia earned $369.643 million from the export of “furniture, lighting signs, prefabricated buildings” in the first half (H1) of 2023, down 29.67 per cent from $525.591 million in 2022H1 and down nearly 12.5 per cent from $422.67 million in 2022H2, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodias-h1-export-chapter-94-items-down-30
Cambodia’s export to other RCEP members sharply up in 10 months
Cambodia exported $6.45 billion worth of products to the Regional Comprehensive Economic Partnership (RCEP) member countries in the first 10 months of 2023, up 26.5 percent from the same period last year, said a Ministry of Commerce’s report on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501402629/cambodias-export-to-other-rcep-members-sharply-up-in-10-months/
Loans offered to struggling tourism Siem Reap businesses
The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...
Yatt Malai
https://kiripost.com/stories/loans-offered-to-struggling-tourism-siem-reap-businesses
NEC addresses equity principles as Senate election draws nearer
National Election Committee (NEC) deputy secretary-general Mok Dara met on January 15 with representatives from four political parties. The focus was on sharing insights into equity principles for parties, policies and political programmes during the upcoming 5th Senate election campaign, scheduled from February 10-23. ...
Kim Yutharo
https://www.phnompenhpost.com/national/nec-addresses-equity-principles-as-senate-election-draws-nearer
Cambodia’s rubber exports rise by 123 percent
Amid the fall in global demand, Cambodia earned $121 million from the exports of rubber articles in the first month of this year, an increase of 123.5 percent compared to the same period last year, according to the latest trade data of the General Department ...
Manoj Mathew
https://www.khmertimeskh.com/501440080/cambodias-rubber-exports-rise-by-123-percent/
Growth opportunities for Cambodian SMEs in securities market
Small and medium-sized enterprises (SMEs) in Cambodia can unlock significant growth opportunities by accessing the securities market, a concept explored in detail during a seminar co-organised by the Securities and Exchange Regulator of Cambodia (SERC), APM (Cambodia) Securities Co Ltd and Asset Pro Management Co ...
Hong Raksmey
https://www.phnompenhpost.com/business/growth-opportunities-for-cambodian-smes-in-securities-market
Logging in the wild west
Illegal logging of staggering proportions abetted by military personnel is decimating stocks of luxury rosewood in the Central Cardamom Protected Forest, while the conversation group tasked with protecting the area and its government counterparts deny the trade is even happening. In a period of several hours ...
http://www.phnompenhpost.com/index.php/2011122153536/National-news/logging-in-the-wild-west.html
Duty-Free Sugar Exports to EU Hit $13 Million
The European Union (E.U.) last year continued to import millions of dollars worth of duty-free sugar from Cambodian plantations that have forced hundreds of families off their land despite calls from European lawmakers for the trade benefits to end, according to the latest E.U. data. Thailand’s ...
http://www.cambodiadaily.com/news/duty-free-sugar-exports-to-eu-hit-13-million-18114/
Thai company shelves Kampot cement project
Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive. Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said ...
Rann Reuy and May Kunmakara
http://www.phnompenhpost.com/business/thai-company-shelves-kampot-cement-project
Taking Count of Cambodia’s Flying Fox Bats
At around 6 p.m. in Phnom Penh each evening, about 5,000 large brown bats, having spent the day dangling upside down from a tree at Wat Phnom, spread their huge wings and fly out to begin their nightly search for fruit. And as useful and ...
Denise Hruby
http://www.cambodiadaily.com/news/taking-count-of-cambodias-flying-fox-bats-45421/
Cambodian ambassador speaks highly of mutual exchanges with Vietnam
This year, the Cambodian people celebrate their 60th National Day as well as the birthday of the Cambodia Kingdom’s royal army under the bright leadership of King Norodom Sihanouk, who relentlessly struggled against the French colonialists to gain independence (09-11-1953 – 09-11-2013). In 2010, Father ...
Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NTQ0YTNhY2QzOTQ