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
Forestry Administration issues wrap-up on 2021 enforcement
There were over 4,000 cases total of fisheries and wildlife crimes in 2021 nationwide, with nearly 200 suspects referred to court, according to a report by the Ministry of Agriculture, Forestry and Fisheries. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/forestry-administration-issues-wrap-2021-enforcement
PM urges ministry to upgrade nat’l railways
Prime Minister Hun Sen has urged the transport ministry to find ways to upgrade the existing railway to a high-speed system in order to improve logistics infrastructure and facilitate Cambodia’s rapid socio-economic expansion. ...
Nov Sivutha
https://www.phnompenhpost.com/business/pm-urges-ministry-upgrade-natl-railways
SME Co-Financing Scheme II nearly runs out of budget
Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has released nearly $234 million to 1,981 small and medium enterprises (SMEs) in various sectors across the country through SME Co-Financing Scheme II (SCFS II) from mid-August last year to July this year, according to ...
Kang Sothear
https://www.khmertimeskh.com/501132349/sme-co-financing-scheme-ii-nearly-runs-out-of-budget/
Cambodia-Laos-Vietnam ruling parties strengthen traditional friendship
The presidents of the ruling parties in Indochina, including Cambodia, Laos, and Vietnam, reaffirmed their commitment to strengthen the traditional friendship, according to a press release from Cambodian People’s Party (CPP) AKP received yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501357089/cambodia-laos-vietnam-ruling-parties-strengthen-traditional-friendship/
Gov’t renews 70 casino and game of chance firms
The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has renewed the validity of 70 licenses to casino and game of chance companies nationwide in the second quarter of this year, according to a release ...
Kang Sothear
https://www.khmertimeskh.com/501135965/govt-renews-70-casino-and-game-of-chance-firms/
Document suggests state land sale to tycoon at discount Price
Hundreds of hectares in Mondulkiri were sold to a major tycoon’s family for as low as 600 riel per square meter, a government document suggests, and is facing protests from existing residents. ...
Mech Dara
https://vodenglish.news/document-suggests-state-land-sale-to-tycoon-at-discount-price/
Koh Kong land protester sentenced to jail, but not detained
A Koh Kong resident in dispute with a sugar plantation was sentenced to a year in prison on Wednesday for malicious denunciation, but remains free for now with no arrest warrant issued by the court. ...
Khut Sokun
https://vodenglish.news/koh-kong-land-protester-sentenced-to-jail-but-not-detained/