Tycoon’s son receives 6,234 hectares in Botum Sakor National Park
A company linked to the son of tycoon Ly Yong Phat received a 6,234 hectare concession inside Botum Sakor National Park, according to a January sub-decree signed by Prime Minister Hun Sen and published on Wednesday. ...
Eung Sea
https://cambojanews.com/tycoons-son-receives-6234-hectares-in-botum-sakor-national-park/
$95 million cement plant to appear in Battambang province
A new cement plant with a total investment capital of $95 million will be built in Pcheav village, Treng commune, Rattanak Mondul district, Battambang province, according to a press release of the Council for the Development of Cambodia (CDC) made public Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501311142/95-million-cement-plant-to-appear-in-battambang-province/
Cambodia-Japan H1 bilateral trade at $860 million
Bilateral trade between Cambodia and Japan reached $860 million in the first half of this year, an 8 percent decrease from $934 million for the same period a year ago, according to a report from the General Department of Customs and Excise. ...
Chea Vanyuth
https://www.khmertimeskh.com/501331909/cambodia-japan-h1-bilateral-trade-at-860-million/
Cambodia’s export turnover slightly rises in 11 months
Cambodia exported nearly $20.5 billion worth of goods in the first 11 months of 2023, a slight increase of 1.2% year-on-year, according to a report released recently by the General Department of Customs and Excise. ...
https://www.khmertimeskh.com/501407510/cambodias-export-turnover-slightly-rises-in-11-months/
Cambodia to host 6th Asian Youth Para Games in 2029
Cambodia will host the 6th Asian Youth Para Games, following the 5th Asian Youth Games in 2029, according to a press release of the National Paralympic Committee of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501422596/cambodia-to-host-6th-asian-youth-para-games-in-2029/
Cambodia earns $65 million from rice exports
Cambodia exported 90,153 tonnes of milled rice to international markets in the first two months of 2024, a decline of 7.2 percent from 97,153 tonnes during the same period last year, according to a report from the Cambodia Rice Federation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501454141/cambodia-earns-65-million-from-rice-exports/
Cambodia’s public debt stands at $11.24 billion
Cambodia’s public debt stood at $11.24 billion by the end of last year and the risk from the debt is at a low level, according to a report of the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance last week. ...
Chea Vanyuth
https://www.khmertimeskh.com/501457412/cambodias-public-debt-stands-at-11-24-billion/
AMRO forecasts rosier growth for Cambodia in 2024
According to a press release from the ASEAN+3 Macroeconomic Research Office (AMRO) on Thursday, Cambodia’s economy is predicted to grow robustly in 2024, driven by a rise in exports and a continued tourism recovery. ...
Khmer Times Staff
https://www.khmertimeskh.com/501494147/amro-forecasts-rosier-growth-for-cambodia-in-2024/
Cambodia mobilizes $62M through govt bonds
The Cambodian government has mobilized about $62 million from local investors through the issuance of government bonds in the first semester of this year to support public investment projects, according to a report by the National Bank of Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501533941/cambodia-mobilizes-62m-through-govt-bonds/
Moody’s to review Cambodia's banks for downgrades
Moody’s Investor Services will review ACLEDA Bank and Cambodian Public Bank (Campu Bank) for potential downgrades, according to a release from the rating agency on Wednesday. But the move comes primarily as a response to the global financial crisis and the rating agency’s attempt to realign sovereign ratings with ...
http://www.phnompenhpost.com/index.php/2012042055668/Business/moodys-eyes-kingdom-banks.html
City Hall bans June Textile rally
The president of the Cambodian Confederation of Unions said yesterday that he would defy a municipal order banning employees from June Textile Factory from marching to Prime Minister Hun Sen’s house to seek resolution in a labour dispute. According to a report from a City ...
Overloaded vehicles at issue
Overloaded vehicles are contributing to a more rapid than anticipated deterioration of Cambodia’s road network, experts said yesterday. “The cost of overloading causes problems to everyone involved, but it is easy to control damage if we have good system in place. This is the only ...
http://www.phnompenhpost.com/index.php/2011070550177/Business/overloaded-vehicles-at-issue.html
Progress Toward Rural Sanitation Goal Slow
Cambodia’s progress has been slow toward achieving the UN Millennium Development Goal of increasing rural access to sanitation to 30 percent by 2015, up from 8.6 percent in 1996, the World Bank said in a report released Wednesday. The World Bank report said that rural ...
Port will transfer bulk of capacity to Kandal
The Phnom Penh Autonomous Port will transfer 75 per cent of its loading capacity to a new location at Kandal to better handle the increased shipments passing through the capital, according to PPAP officials. The PPAP had received US$68 mill-ion in financing from the Chinese ...
Factory and union stitch up agreement
More than 300 striking workers at Jie Wei garment factory in the capital’s Dangkor district will return to work today after successful negotiations yesterday settled a labour dispute that led to a three-day strike last week. Factory management agreed to nine of the 11 demands ...
Foreign Minister backs full UN membership for Palestinians
Speaking at the UN General Assembly in New York on Monday, Foreign Minister Hor Namhong backed the Palestinians’ bid for full UN membership and called for the lifting of a decades-old US embargo on Cuba, one of the countries backing Cambodia’s bid for a seat ...
Foreign investment needed in Special Economic Zones
According to a Sept 4 press release from the Council for Development of Cambodia (CDC), there are currently a total of 19 SEZs and most of them are situated along Cambodia’s borders with Vietnam and Thailand. Eight are fully operational with both local and foreign ...
Education overhaul needed to grow economy
Cambodia’s education sector needs a complete overhaul in order to reduce unemployment and successfully diversify the economy beyond garment manufacturing, according to a World Bank report released today. The report’s release came after investors and economists said at a trade and investment conference in Phnom Penh ...
Businesses Feel Strain of High Gas Prices
The price of gasoline rose to a 5800 riel ($1.44) per liter Monday, a 14 percent rise since the beginning of the year. Economists and businesses yesterday said the high prices are having a negative impact on the economy, as everything from transportation companies to ...
New Gov't Body to Regulate Telecom Industry
The government has agreed to create a regulatory body to ensure that companies operating in Cambodia’s telecommunications sector follow regulations and that companies that do not comply are held to account. According to a statement from the Council of Ministers, Prime Minister Hun Sen approved ...