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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

Ministry urges protection for Asian elephants

The Ministry of Environment has called on residents of Keo Seima Wildlife Sanctuary in Mondulkiri province to not disturb the wild elephants there as well as participate in their protection. ...

Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50833990/ministry-urges-protection-for-asian-elephants/

Chinese tourists to Kingdom slip 86% in Covid-hit 2020

Chinese tourist arrivals to the Kingdom plummeted 86 percent last year to 329,673 compared to 2,361,849 in 2019 amid global uncertainty concerning the potential impact of the novel coronavirus, according to Ministry of Tourism data. ...

Hin Pisei
https://www.phnompenhpost.com/business/chinese-tourists-kingdom-slip-86-covid-hit-2020

Kingdom’s free trade pact talks with South Korea concluded

Cambodia and South Korea have concluded their free trade agreement (FTA) negotiations and are now closer to the signing of a final pact later this year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50810013/kingdoms-free-trade-pact-talks-with-south-korea-concluded/

Tesla ‘yet to request’ business licence

South African-born US entrepreneur Elon Musk’s Tesla Inc has not yet requested a business licence with the Ministry of Commerce as of April 6, ministry spokesman Pen Sovicheat told The Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/tesla-yet-request-business-licence

Signing of Korea trade deal postponed

The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/signing-korea-trade-deal-postponed

NBC extends loan restructures to end of year

The National Bank of Cambodia (NBC) released a series of measures on Monday to extend relief to customers suffering financially from the effects of COVID-19.   ...

Brian Badzmierowski
https://www.khmertimeskh.com/50861450/nbc-extends-loan-restructures-to-end-of-year/

Kingdom may drop quarantine for vaccinated tourists in Q4

The Ministry of Tourism will work with the Ministry of Health to evaluate the feasibility of international tourists from low-risk countries and territories who have been fully vaccinated against the novel coronavirus to enter the Kingdom with little or no quarantine stay. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-may-drop-quarantine-vaccinated-tourists-q4

Tourist resorts expected to start back up

At least 200 tourist resorts are expected to resume operations after the end of an inter-provincial travel ban and tourist-resort closures across the country. On April 25, the government lifted the travel ban and ended the closures of tourist destinations across the country, except for ...

Thou Vireak
https://www.phnompenhpost.com/business/tourist-resorts-expected-start-back

Tourism ministry to choose 3 model villages for UN contest

The Ministry of Tourism is selecting three model villages to represent Cambodia at the “Best Tourism Villages” competition, organised by the UN’s World Tourism Organisation (UNWTO), the Council of Ministers said. ...

Hin Pisei
https://phnompenhpost.com/business/tourism-ministry-choose-3-model-villages-un-contest

Beautification project approved for Kep beaches

A beautification project to improve the beaches in Kep province has been approved by the government, said Tourism Ministry’s product development director Chum Nou. ...

Chhun Sunly
https://www.khmertimeskh.com/50904509/beautification-project-approved-for-kep-beaches/

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