Talks on disputed oil fields to resume
Negotiations on oil and gas development over the long-contested Overlapping Claims Area (OCA) in the Gulf of Thailand between Cambodia and Thailand will be resumed shortly after the viral pandemic ends, according to a Ministry of Mine and Energy’s official. ...
Sorn Sarath
https://www.khmertimeskh.com/50723381/talks-on-disputed-oil-fields-to-resume/
Smart gives $1m from virus fund
Smart Axiata announced yesterday that it has begun disbursing funds from its $1 million COVID-19 Relief Fund to the Institut Pasteur du Cambodge, Open Institute, Friends International and Southeastern Globe Communications, according to a company statement. ...
Sok Chan
https://www.khmertimeskh.com/50725375/smart-gives-1m-from-virus-fund/
Rubber firm vows not to harm forests
Rubber and palm oil giant the Socfin Group has committed to a global “zero-deforestation policy” across Africa and Asia amid a legal dispute with ethnic Bunong communities in Mondulkiri province’s Bousraa commune. ...
Daniel Pye
http://www.phnompenhpost.com/national/rubber-firm-vows-not-harm-forests
Government extends school closures “until further notice” to fight COVID-19 pandemic
The Ministry of Education, Youth and Sports (MoEYS) has announced that the re-opening of schools has been postponed until further notice as preventive measures against the COVID-19 pandemic continues, according to a directive issued yesterday evening. ...
Khmer Times Staff
https://www.khmertimeskh.com/50714542/government-extends-school-closures-until-further-notice-to-fight-covid-19-pandemic/
Protest leader assistant to PM
The head of the youth group seen leading a protest outside the National Assembly in October – attendees of which brutally assaulted two opposition lawmakers – is an assistant to Prime Minister Hun Sen, according to a decree released online. ...
Shaun Turton and Chhay Channyda
http://www.phnompenhpost.com/national/protest-leader-assistant-pm
No loans from $100 million financing scheme
The government’s new $100 million Small and Medium Enterprise Co-Financing Scheme has yet to approve any applications, receiving only some ínquiries pending approval, according to a bank representative. ...
Sok Chan
https://www.khmertimeskh.com/50719826/no-loans-from-100-million-financing-scheme/
Micro, small, medium firms vital but need support: Report
Strengthening the dynamics of micro, small, and medium enterprises (MSMEs) with innovation and internationalisation will be key to revitalising Southeast Asian economies devastated by Coronavirus, according to a new report from the Asian Development Bank (ADB). ...
Sok Chan
https://www.khmertimeskh.com/50777691/micro-small-medium-firms-vital-but-need-support-report/
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/
New coal-fired power plant in national park commissioned
The Kingdom’s tycoon Kith Meng’s Royal Group has secured 168.8 hectares of land in Koh Kong’s Botum Sakor National Park under a leasing agreement to develop a 700 megawatt (mW) coal power plant, according to a government sub-decree. ...
Sorn Sarath
https://www.khmertimeskh.com/50753768/new-coal-fired-power-plant-in-national-park-commissioned/
Pchum Ben provides boost in tourism across Kingdom
According to a Ministry of Tourism report released today, over 450,000 people were reported to have visited tourist destinations across Cambodia yesterday, in a massive boost for the Kingdom’s hard-hit sector. ...
Dina Huon
https://www.khmertimeskh.com/50764441/pchum-ben-provides-boost-in-tourism-across-kingdom/
SEZ developer PPSP breaks ground on new rental warehouse
The Cambodia Securities Exchange- (CSX) listed Phnom Penh SEZ Plc (PPSP) on December 21 broke ground on a new rental warehouse which is expected to be operational in July next year, according to a senior official of the industrial zone operator. ...
May Kunmakara
https://www.phnompenhpost.com/business/sez-developer-ppsp-breaks-ground-new-rental-warehouse
400MW fuel oil power plant in east Kandal all set to go online
A $380 million 400MW heavy fuel oil power facility in Kandal province’s eastern Lvea Em district has been completed, and on reserve to generate electricity when demand reaches a high enough level, according to a senior official at the Ministry of Mines and Energy. ...
Thou Vireak
https://www.phnompenhpost.com/business/400mw-fuel-oil-power-plant-east-kandal-all-set-go-online
“Word of Mouth” still dominating Cambodian consumer purchase decisions
Despite Cambodia’s increasing digital adoption, word of mouth recommendation (WOM) still holds the most weight when it comes to influencing purchasing decisions, according to a new report by research site Engagement Labs (EL). ...
Tom Starkey
https://www.khmertimeskh.com/50823413/word-of-mouth-still-dominating-cambodian-consumer-purchase-decisions/
China demand stretches rubber prices
The prices of Cambodian natural rubber latex on international markets have risen by more than 10 per cent year-on-year in the first quarter, driven by rising demand from China, according to a senior official of the Ministry of Agriculture, Forestry and Fisheries. ...
Hin Pisei
https://www.phnompenhpost.com/business/china-demand-stretches-rubber-prices
CDC approves eight projects so far in March
Cambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC). ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-eight-projects-so-far-march
Captive royal turtles lay first ever eggs
Five endangered royal turtles raised at the Koh Kong Reptile Conservation Centre (KKRCC) have now laid 71 eggs – marking the first time this particular species of turtle has ever laid eggs while in captivity at the centre – according to a press release from ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/captive-royal-turtles-lay-first-ever-eggs
Gov’t revenue exceeds $1.6bn in first quarter
The Cambodian government earned some $1.6 billion in revenue in the first quarter of 2021 from tax and customs. This represents close to a 25 percent increase compared with revenue achieved during the same period in 2020. ...
Chea Vanyuth
https://www.khmertimeskh.com/50837481/govt-revenue-exceeds-1-6bn-in-first-quarter/
Cash-crop exports 200K tonnes in January
Cambodia exported 203,485 tonnes of seven major cash crops last month, according to a report by the Ministry of Agriculture, Forestry and Fisheries. The ministry lists these as milled rice, natural rubber, corn, cashew nuts, peppercorn, as well as fresh bananas, chillies and mangoes. ...
Thou Vireak
https://www.phnompenhpost.com/business/cash-crop-exports-200k-tonnes-january
National Assembly president seeks more cooperation with Singapore, Philippines
National Assembly president Heng Samrin has encouraged the newly appointed ambassadors of two Asean nations, Singapore and the Philippines, to promote more cooperation, according to a statement released on his official Facebook page yesterday. ...
Sar Socheath
https://www.khmertimeskh.com/50832706/national-assembly-president-seeks-more-cooperation-with-singapore-philippines/
Kingdom seeks buyers for crude amid discouraging production
The government and Singaporean oil exploration firm KrisEnergy Ltd are actively working together to find markets for the crude oil produced offshore Cambodia and to plan for further steps in resource development for Block A, according to a senior government official. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-seeks-buyers-crude-amid-discouraging-production