ELC earnings underwhelm
The Cambodian government earned about $80 million leasing economic land concessions and forests to private companies over the last three years, according to a report from the Ministry of Economy and Finance released last week. The January report, signed by Prime Minister Hun Sen, found that ...
May Kunmakara
http://www.phnompenhpost.com/business/elc-earnings-underwhelm
Palm sugar hits a sweet spot
Exports of Kampong Speu palm sugar with geographical indication status increased sharply this year thanks to growing demand from South Korea and France, according to a representative of the Kampong Speu Palm Sugar Promotion Association’s (KSPSPA). According to KSPSPA president Sam Saroeun, exports of Kampong Speu ...
Chan Muyhong
http://www.phnompenhpost.com/business/palm-sugar-hits-sweet-spot
PM lashes out at opposition
Prime Minister Hun Sen likened opposition leaders to a gang of thieves confessing to their crimes after opposition head Sam Rainsy said his party would tame its attacks on the ruling Cambodian People’s Party regarding the Vietnam border issue. The comments came only hours after ...
Meas Sokchea
http://www.phnompenhpost.com/national/pm-lashes-out-opposition-0
NSSF reports decrease in fainting cases
Thirteen cases of fainting among garment workers occurred in factories last year, a decrease of more than 60 percent compared with 17 cases in 2018, according to a National Social Security Fund report. ...
Mom Kunthear
https://www.khmertimeskh.com/50679706/nssf-reports-decrease-in-fainting-cases
Vietnam invests $9.5 million in Cambodia
Cambodia was recorded as the third largest recipient of Vietnamese investment during the first quarter of this year, according to a report released by the Foreign Investment Agency under the Ministry of Planning and Investment in Vietnam. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50708029/vietnam-invests-9-5-million-in-cambodia/
Government massively cuts imports of live pigs
The government has reduced the import of live pigs from neighbouring countries by up to 70 percent to support local farmers to increase their production, according to a senior official of the General Directorate of Animal Health and Production. ...
Sok Chan
https://www.khmertimeskh.com/50725748/government-massively-cuts-imports-of-live-pigs/
‘SME Development Policy’ drafted for approval
A draft development policy for Small and Medium Enterprise (SME) and a new SME definition has been sent to the Ministry of Economy and Finance’s Economic and Financial Policy Committee (EFPC) for review and approval, according to a senior official. ...
Sok Chan
https://www.khmertimeskh.com/50716393/sme-development-policy-drafted-for-approval/
400 factories in Cambodia suspend operations, affecting over 150,000 workers due to COVID-19
About 400 garments, footwear and travel goods factories in Cambodia have suspended their operations, leaving over 150,000 workers jobless due to the COVID-19 pandemic, according to a joint statement on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/50740479/400-factories-in-cambodia-suspend-operations-affecting-over-150000-workers-due-to-covid-19/
New digital platforms to ease tax collection and management
The General Department of Taxation (GDT) has organised an official signing ceremony of the letter of User Acceptance Testing (UAT), and launched the trial of a Data and Information Sharing Automatic System, according to a recent GDT’s press release. ...
Lim Nary/AKP
https://www.khmertimeskh.com/50787198/new-digital-platforms-to-ease-tax-collection-and-management/
Business cluster to boost economy
The $30 million Worldbridge SME (small and medium enterprise) Cluster will break ground next month, according to a senior executive of Worldbridge Industrial Developments, the company behind the Industry 4.0 infrastructure. ...
Sok Chan
https://www.khmertimeskh.com/50762433/business-cluster-to-boost-economy/
Ministry moves to pen accord to develop major logistics hub
The Ministry of Public Works and Transport plans to finalise a draft on “Framework Agreement” for the Phnom Penh Logistics Centre (PPLC) development project soon, leading to a signing with the developer, according to minister Sun Chanthol. ...
Thou Vireak
https://www.phnompenhpost.com/business/ministry-moves-pen-accord-develop-major-logistics-hub
Firm eyes Svay Rieng to set up tyre factory
According to a feasibility study revealed in a report published by Tyrepress Media, the tire-maker is interested in building a facility within Svay Rieng province’s QiLu (Cambodia) Special Economic Zone that is capable of making five million semi-steel radials a year. ...
Thou Vireak
https://www.phnompenhpost.com/business/firm-eyes-svay-rieng-set-tyre-factory
Cambodia, Timor-Leste to boost economic cooperation
Because trade between Cambodia and Timor-Leste remains low, the governments of both nations have decided to work towards boosting bilateral economic and business activities, according to a statement from the Ministry of Foreign Affairs and International Cooperation. ...
Sok Chan
https://www.khmertimeskh.com/50819248/cambodia-timor-leste-to-boost-economic-cooperation/
Chevron plans to increase Caltex petrol stations to 100
The government has welcomed Chevron (Cambodia) Ltd’s plan to nearly triple its network of Caltex petrol stations in the Kingdom to 100, according to a senior official at the Ministry of Mines and Energy on February 28. ...
May Kunmakara
https://www.phnompenhpost.com/business/chevron-plans-increase-caltex-petrol-stations-100
Ministry ‘bullish’ on prospects of recovery
The Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). ...
Sok Chan
https://www.khmertimeskh.com/50807772/ministry-bullish-on-prospects-of-recovery/
CDC approved 238 investment projects worth $8.2B last year
The Council for the Development of Cambodia (CDC) approved 238 investment projects worth a total of $8.2 billion last year, down 12 per cent from 2019, according to a CDC press statement. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-approved-238-investment-projects-worth-82b-last-year
Trade draft laws ‘effective in 2021’
Three major draft laws on trade are expected to take effect before the end of 2021, after receiving full support from National Assembly (NA) leaders and specialised committees, as well as the Senate, according to a Ministry of Commerce spokesman. ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-draft-laws-effective-2021
Kampot assists drought-hit rice farmers with emergency water
Kampot provincial authorities have assisted 204 families by pumping water to them to rescue their rice fields in five villages covering 195ha as they are facing water shortages due to a drought in Kampong Trach district. ...
Nov Sivutha
https://phnompenhpost.com/national/kampot-assists-drought-hit-rice-farmers-emergency-water
PM: Join hands to lift post-Covid economy
Leaders in the region and beyond must advance various forms of bilateral and multilateral cooperative relations, and join hands to create meaningful traction in economic recoveries for when the spread of the novel coronavirus eases to a significant enough degree, according to Prime Minister Hun ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-join-hands-lift-post-covid-economy
South Korea FTA set to be signed Oct 26
The Cambodia-South Korea Free Trade Agreement (CKFTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official. ...
May Kunmakara
https://www.phnompenhpost.com/business/south-korea-fta-set-be-signed-oct-26