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Increase in Russian investment sought by commerce ministry

Cambodia has called for an increase in investment from Russia, particularly in the light and medium machinery sector, according to a senior official at the Ministry of Commerce. ...

Sok Chan
https://www.khmertimeskh.com/50788919/increase-in-russian-investment-sought-by-commerce-ministry/

Banks and FI loan restructuring extended until mid-2021

The National Bank of Cambodia (NBC) will allow banks and financial institutions to continue loan restructuring until mid-2021, according to a letter sent to the Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) last week. ...

Sok Chan
https://www.khmertimeskh.com/50785076/banks-and-fi-loan-restructuring-extended-until-mid-2021/

Trade fair scrapped over Covid-19 fears

The Ministry of Commerce on November 19 cancelled the 15th edition of the Cambodia Import-Export Goods Exhibition due to Covid-19 concerns. Originally scheduled to be held from December 15-18 at the Koh Pich Convention and Exhibition Centre on Phnom Penh’s Koh Pich island, the Kingdom’s ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-fair-scrapped-over-covid-19-fears

Agreement to boost green-belt tourism signed

The Ministry of Tourism and Japanese company Yamato Green Co Ltd signed a memorandum​ of understanding (MoU) last week intended to develop a green-belt value chain serving the domestic tourism sector. ...

Sok Chan
https://www.khmertimeskh.com/50783047/agreement-to-boost-green-belt-tourism-signed/

Cambodia prepares ‘travel bubble’ plan to aid tourism

The Ministry of Tourism is moving to restore the devastated tourism sector by preparing a so-called travel bubble plan to gradually receive international tourists, even if the Kingdom is seeing a rise in new cases of COVID-19. ...

Sorn Sarath
https://www.khmertimeskh.com/50751509/cambodia-prepares-travel-bubble-plan-to-aid-tourism/

Over 1.1 million Internal Tourists went on holiday during the four-days Khmer New Year

More than 1.16 million internal tourists went on holidays in various provinces during the four-days Khmer New Year from August 17-20, according to the data from the Ministry of Tourism. ...

Sok Chan
https://www.khmertimeskh.com/50755809/over-1-1-million-internal-tourists-went-on-holiday-during-the-four-days-khmer-new-year/

Tourist number reach over 1.4 million during holiday

Cambodia recorded more than 1.4 million tourists within the five days of Khmer New Year Holiday, according to the report of the Ministry of Tourism. ...

Va Sonyka
https://www.khmertimeskh.com/50755916/tourist-number-reach-over-1-4-million-during-holiday/

Cambodia to monitor effectiveness of Chinese C-19 vaccine before use

Ministry of Health spokeswoman Or Vandine said yesterday the ministry will continue to monitor the effectiveness of the vaccine before it makes any decision on adopting it in Cambodia. ...

Khann Chanvirak
https://www.khmertimeskh.com/50756876/cambodia-to-monitor-effectiveness-of-chinese-c-19-vaccine-before-use/

Hotel fees to rise during holiday

The upcoming national holidays will increase accommodation fees and prices of other tourism services after so many businesses lost money for a half year after closing because of COVID-19. More people are expected to travel nationwide. ...

Sorn Sarath
https://www.khmertimeskh.com/50746693/hotel-fees-to-rise-during-holiday/

Roadmap to restore tourism discussed

The Ministry of Tourism and the private sector have discussed a nearly 200-page draft roadmap to restore the tourism sector during and after the COVID-19 crisis for the period 2020-2025. ...

Sorn Sarath
https://www.khmertimeskh.com/50773942/roadmap-to-restore-tourism-discussed/

‘Nov 28 incident’ not over; new cases found

The Ministry of Health said it was still too early for the government to declare an end to the outbreak of Covid-19 community transmissions, despite the relatively low number of cases since the first one was confirmed on November 28. ...

Mom Kunthear
https://www.phnompenhpost.com/national/nov-28-incident-not-over-new-cases-found

Domestic tourism is key to sector recovery: Experts

A report by the UNWTO said that with travellers now considering shorter trips and destinations closer to home, countries with higher shares of domestic tourism are likely to recover earlier and faster. ...

Tom Starkey
https://www.khmertimeskh.com/50793199/domestic-tourism-is-key-to-sector-recovery-experts/

Cambodia has reduced poverty in 25 years

Cambodia is one of the leading countries in reducing poverty in the last 25 years, said Minister of Rural Development Ouk Rabun at an international forum yesterday. ...

Sar Socheath
https://www.khmertimeskh.com/50793629/cambodia-has-reduced-poverty-in-25-years/

Banteay Meanchey trade fair postponed

The Ministry of Commerce on December 18 said it will indefinitely postpone another trade fair under the umbrella of the fifth season of its “Buy Cambodian Campaign” as a measure to prevent the spread of the Covid-19 disease. ...

Thou Vireak
https://www.phnompenhpost.com/business/banteay-meanchey-trade-fair-postponed

Cambodia reviews trading policy and strategy

The Ministry of Commerce has begun the review of the policy and strategy for Free Trade Agreement (FTA) to optimise its benefits both for Cambodia and concerned parties. ...

So Sophavy/AKP
https://www.khmertimeskh.com/50798268/cambodia-reviews-trading-policy-and-strategy/

NBC outlines 2021 risks for personal debt growth

The National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. ...

Sok Chan
https://www.khmertimeskh.com/50799995/nbc-outlines-2021-risks-for-personal-debt-growth/

Ministry studies how best to boost exports under China deal

At its Friday meeting on the study and formulation on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One ...

Jason Boken
https://www.khmertimeskh.com/50804912/ministry-studies-how-best-to-boost-exports-under-china-deal/

NBC governor wins award

National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-governor-wins-award

Airport eyes adding long-haul flights

Sihannouk International Airport’s operator is eyeing potential new direct, long-haul routes to Europe and the Middle East to bring a new wave of overseas visitors and increase aviation’s contribution to coastal Preah Sihanouk province’s economy. ...

Thou Vireak
https://www.phnompenhpost.com/business/airport-eyes-adding-long-haul-flights

Trade deficit with VN shrinks 6%

Trade between the Kingdom and Vietnam was worth $3.020 billion in 2020, inching down 1.1 per cent from $3.054 the previous year, according to Ministry of Commerce statistics. ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-deficit-vn-shrinks-6

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