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Cambodia, Malaysia to enhance trade and economic ties

Cambodia and Malaysia are looking forward to enhancing the cooperation in trade and economic ties. Prime Minister of Malaysia Datuk Seri Ismail Sabri Yaakob, who is in capital on a two-day official visit, is scheduled to have a royal audience with Cambodian King Norodom Sihamoni ...

Chea Vanyuth
https://www.khmertimeskh.com/501030560/cambodia-malaysia-to-enhance-trade-and-economic-ties/

Angelina Jolie’s visit invaluable boon for tourism, insiders say

The arrival of Hollywood starlet Angelina Jolie in Cambodia during the Covid-19 crisis serves as invaluable promotion of the Kingdom as a safe tourist destination and comes as the greatest boost in its efforts to attract tourists since its November reopening, according to industry insiders. ...

Hin Pisei
https://www.phnompenhpost.com/business/angelina-jolies-visit-invaluable-boon-tourism-insiders-say

Preah Sihanouk police bust 295 for land grabbing

On March 19, the Preah Sihanouk Provincial Court issued arrest warrants for six brokers and placed six others under court supervision after they led nearly 300 people to occupy state land in the South Cardamom Mountains National Park in Cham village of Kampong Seila commune ...

Voun Dara
https://www.phnompenhpost.com/national/preah-sihanouk-police-bust-295-land-grabbing

Co-op deal with Qatar nigh

A new impetus in economic, trade and technical cooperation between Cambodia and Qatar will deliver a suite of economic benefits for the Kingdom, above all a driving force for exports to the Middle East and a major magnet to draw in more investors and tourists ...

Hin Pisei
https://www.phnompenhpost.com/business/co-op-deal-qatar-nigh

98% villages electrified but power used drops

The consumption of electricity in the country has dropped to just over 2,000 megawatts in the wake of the Covid-19 pandemic, causing a huge loss to the government. Cambodia has a capacity to supply about 3,800 megawatts. ...

Sok Sithika
https://www.khmertimeskh.com/501077941/98-villages-electrified-but-power-used-drops/

Tax revenue reaches 29% of 2022 goal by end-April

Cambodia earned more than $1.502 billion from tax collection in the first four months of 2022, an increase of over $340 million or 29.36 per cent year-on-year, a feat observers believe reflects recovery and encouraging results from the government’s push started in early November towards ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-reaches-29-2022-goal-end-april

Ex-UNTAC commander meets PM

Lieutenant General John Sanderson – a retired senior Australian Army officer and former Force Commander of the UN Transitional Authority in Cambodia (UNTAC) – praised the rapid development of Cambodia and its “huge successes” while also expressing his appreciation for the Kingdom’s contributions to global ...

Ry Sochan
https://www.phnompenhpost.com/national/ex-untac-commander-meets-pm

GDT revenues benefit from post-Covid boost

The General Department of Taxation (GDT) announced that it collected 13.01693 trillion riel, or $3.21406 billion, of tax revenues in the first 11 months of 2022, equivalent to 113.99 per cent of the full-year target of $2.81955 billion, reflecting improvements in economic activity post-Covid-19. ...

May Kunmakara
https://www.phnompenhpost.com/business/gdt-revenues-benefit-post-covid-boost

Ministry aiming for 2023 promulgation of Freedom of Information Act

The Ministry of Information, in response to a number of civil society organisations, said it has been working to accelerate the drafting of the Freedom of Information Act. The ministry said it is optimistic that the law will be promulgated in 2023. ...

Post Staff
https://www.phnompenhpost.com/national/ministry-aiming-2023-promulgation-freedom-information-act

School makes STEM skills practical

Bunrany Hun Sen Chakriyavong, one of the only two high schools in the small coastal province of Kep, has recently added life skills to its curriculum in the hope that graduates will employ their skills to earn additional income to support their tertiary education. ...

Keo Bosaba
https://www.phnompenhpost.com/national/school-makes-stem-skills-practical

New int’l airport nearly half complete as travel industry returns to life

Construction of a new airport that is slated to serve the capital has passed the 43 per cent completion mark, raising prospects for a proper recovery in the civil aviation and tourism sectors as international travellers return to the Kingdom in increasingly large numbers. ...

May Kunmakara
https://www.phnompenhpost.com/business/new-intl-airport-nearly-half-complete-travel-industry-returns-life

Slowing inflation fails to ease cost-of-living burden

Despite forecasts that inflation will fall from 6.2 percent in 2022 to 2.5 percent this year, Cambodians continue to face livelihood difficulties in the first month of 2023 as the cost of goods on the market remains high. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-slowing-inflation-fails-to-ease-cost-of-living-burden

Salt, fish sauce, crayfish set for GI tag

Three local products are in the final stages of domestic geographical indication (GI) registration, with another not far behind, the Ministry of Commerce reported, raising hopes that the protected status would allow producers to expand their footprint globally, and promote a surge in the value ...

Hin Pisei
https://www.phnompenhpost.com/business/salt-fish-sauce-crayfish-set-gi-tag

Digital infra success boosting Cambodia’s growth potential

The scale of progress in the Kingdom’s digital infrastructure has played a critical role in boosting the country’s growth potentials, senior telecom executives told a visiting delegation of Singapore Business Federation (SBF) on Thursday as they visited Huawei Cambodia office at Exchange Square. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501336935/digital-infra-success-boosting-cambodias-growth-potential/

Cambodia-US 8-month trade slips 5%

Exports from Cambodia to the US in the first eight months of 2023 dipped 4.8 per cent to $6.1 billion, compared to the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-us-8-month-trade-slips-5

Cambodia’s trade with China crosses $8 billion

China remained the biggest trading partner of Cambodia in the January to August period this year and the trade between the two countries reached $8.09 billion by the end of last month showing an increase of 1.1 percent compared to the same period in 2022. ...

Manoj Mathew
https://www.khmertimeskh.com/501359586/cambodias-trade-with-china-crosses-8-billion/

Manet responds to NYC billboard

Prime Minister Hun Manet has extended his gratitude to David Soth, a Cambodian resident in the US, for coordinating with an advertising company to display welcoming images on billboards in the US’ New York City, during his attendance at the 78th UN General Assembly. ...

Kim Yutharo
https://www.phnompenhpost.com/national/manet-responds-nyc-billboard

Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy

The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501370132/diversification-and-market-access-rcep-positively-impacts-cambodias-economy/

District police chief demoted after removal of commune police chief with criminal record

A district police chief in Kampong Thom province was removed from his position after a commune police chief in his district was demoted for previously serving prison time for theft. A police official told CamboJA that the two police chiefs were relatives. ...

Phon Sothyroth
https://cambojanews.com/district-police-chief-demoted-after-removal-of-commune-police-chief-with-criminal-record/

Banking loans rise 11% to $58b from January to June

Up to 238.7 trillion riel or $57.8 billion worth of loans were disbursed by banks and financial institutions in the first half of 2023, the National Bank of Cambodia (NBC) shared in an X post this morning, noting its increase of 10.5 percent year-on-year. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/banking-loans-rise-11-to-58b-from-january-to-june

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