Government

Anti-money laundering draft law approved

Cambodia’s draft law of anti-money laundering bill has been approved today at the Council of Ministers meeting chaired by Prime Minister Hun Sen. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50723656/anti-money-laundering-draft-law-approved/

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/

Cambodia pushes hard on free-trade agreements

Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement. ...

Sorn Sarath
https://www.khmertimeskh.com/50723292/cambodia-pushes-hard-on-free-trade-agreements/

Tax breaks to boost securities sector

The Ministry of Economy and Finance issued an announcement on the implementation of guidelines on withholding tax for investors in the securities sector to promote the development of stocks in the Kingdom. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50723348/tax-breaks-to-boost-securities-sector/

B.Grimm’s solar project sees 20 percent complete

Thailand-based Energy Company B.Grimm Power said its solar project in Cambodia is 20 percent complete after the firm took over the project from a local power company late last year. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50723289/b-grimms-solar-project-sees-20-percent-complete/

Australian firm keen to invest in Cambodia’s rice production chain

An Australian firm is eying investment in Cambodia’s paddy rice and milled rice production chain for export to Australia. This was made known by Pablo Kang, Ambassador of Australia during a meeting with Pan Sorasak, Minister of Commerce. ...

Khmer Times Staff
https://www.khmertimeskh.com/50723439/australian-firm-keen-to-invest-in-cambodias-rice-production-chain/

Blockchain system will reduce dependence on the ‘greenback’

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

Harrison White
https://www.khmertimeskh.com/50723403/blockchain-system-will-reduce-dependence-on-the-greenback/

USAID, gov’t to release report on Prey Lang

The Ministry of Environment and the US Agency for International Development’s (USAID) Greening Prey Lang Project are planning to release a report on the Prey Lang Extended Landscape. ...

Long Kimmarita
https://www.phnompenhpost.com/national/usaid-govt-release-report-prey-lang

High-ranking police officers disciplined for negligence

Interior Minister Sar Kheng issued a warning against five high-ranking police officers in Kampong Thom province after they failed to carry out their duties. However, details of their offence were not disclosed, documents obtained yesterday revealed. ...

Khuon Narim
https://www.khmertimeskh.com/50722517/high-ranking-police-officers-disciplined-for-negligence/

Ratanakkiri villagers raze two ranger stations in anger

Fourteen people have been identified for inciting more than 70 villagers to burn down two ranger stations in Taveng commune, Taveng district, Ratanakkiri province. District officials will bring the case to court, said Ministry of Environment secretary of state and spokesman Neth Pheaktra. ...

Voun Dara
https://www.phnompenhpost.com/national/ratanakkiri-villagers-raze-two-ranger-stations-anger

Airport infrastructure key for Mondulkiri

The development of tourism in Mondulkiri province will require continued investment in transportation infrastructure – particularly in the region’s airport – which will play a vital role to service both tourists and light freight, according to a senior official at the ministry. ...

Sok Chan
https://www.khmertimeskh.com/50722617/airport-infrastructure-key-for-mondulkiri/

IMF: Gov’t needs to address long-lasting employment

Economic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment.​​ ...

Harrison White
https://www.khmertimeskh.com/50722552/imf-govt-needs-to-address-long-lasting-employment/

Siem Reap officials shut down timber processing facility

The Siem Reap provincial Forestry Administration on Monday identified the owner of an illegal wood processing facility in Siem Reap town’s Chreav commune after he escaped authorities when they raided it on Friday. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/siem-reap-officials-shut-down-timber-processing-facility

Cambodian rice exports burdened by power and transport costs

The Ministry of Commerce and Cambodia Rice Federation (CRF) are continuing working to solve the long-running challenges of the Kingdom’s high cost of electricity and transportation in order to boost the country’s rice industry. ...

Sorn Sarath
https://www.khmertimeskh.com/50722616/cambodian-rice-exports-burdened-by-power-and-transport-costs/

Korean agencies donate protective kits to public hospitals

Two public hospitals in Phnom Penh have received donations from the Korea International Cooperation Agency (KOICA) and Cambodia-Korea Alumni Association to use for combating the spread of Covid-19 pandemic. ...

Va Sonyka
https://www.khmertimeskh.com/50721412/korean-agencies-donate-protective-kits-to-public-hospitals/

Land encroachment causes floods

The Ministry of Water Resources and Meteorology has asked the capital and provincial authorities to prevent encroachment on river banks, ditches, creeks, canals, water reservoirs and lakes to avoid the effects of water drainage and flood disasters. ...

Pech Sotheary
https://www.khmertimeskh.com/50721647/land-encroachment-causes-floods/

Fertiliser imports on the rise

Cambodia imported more than 1.2 million tonnes of fertiliser and pesticide in 2019, a year-on-year increase of 9 percent, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721495/fertiliser-imports-on-the-rise/

New port ‘will boost’ tourism

The construction of the new tourism port in Kampot province is more than 30 percent complete and is expected to be finished by the middle of the year, according to the Kampot provincial tourism department. ...

Sok Chan
https://www.khmertimeskh.com/50721748/new-port-will-boost-tourism/

Nearly US$8 million in investment projects licensed

Three new investment projects with a total investment capital of US$7.9 million have received the green light from the Council for the Development of Cambodia (CDC).​ ...

Khmer Times Staff
https://www.khmertimeskh.com/50720897/nearly-us8-million-in-investment-projects-licensed/

Cambodia exported over 186,000 tonnes of cashew nuts in first 4 months of 2020

Cambodia exported 186,205 tonnes of cashew nut to foreign markets in the first four months of this year, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...

Khmer Times Staff
https://www.khmertimeskh.com/50720899/cambodia-exported-over-186000-tonnes-of-cashew-nuts-in-first-4-months-of-2020/

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