Industries

MoU inked to develop green building certification tools

Leading Malaysia-based green building certification body, GreenRE Sdn Bhd, has signed a memorandum of understanding (MoU) with local construction organization, the Cambodia Green Building Council (CamGBC), to assist in developing green building certification tools for the Cambodian construction sector. ...

James Whitehead
https://www.khmertimeskh.com/501493185/mou-inked-to-develop-green-building-certification-tools/

Bank lending to households posts weak growth, says NBC

With bank credit growth reaching its lowest in two decades in Cambodia, households’ mortgage loans posted weak growth in 2023, said the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501492423/bank-lending-to-households-posts-weak-growth-says-nbc/

Key meeting boosts Kingdom’s sustainable tourism prospects

The Kingdom’s tourism industry got a shot in the arm with the visit of the top official of the China Metro Group who made a courtesy call on Minister of Tourism in Phnom Penh on Tuesday. ...

Jigme Palden Pazo
https://www.khmertimeskh.com/501493161/key-meeting-boosts-kingdoms-sustainable-tourism-prospects/

FDI inflows into manufacturing remain high

Foreign direct investment (FDI) inflows into the manufacturing sector remained high, after investment into construction and real estate, as per the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501491715/fdi-inflows-into-manufacturing-remain-high/

Chinese mango processing factory in Battambang warned for discharging sewage into stream

Battambang provincial authorities have issued a warning letter to a Chinese owner of a mango processing factory that allegedly discharged sewage into O’ Treng stream in Svay Sar Village of Treng commune in Rattanak Mondul district. ...

Sovann Sreypich and Hel Komsan
https://cambojanews.com/chinese-mango-processing-factory-in-battambang-warned-for-discharging-sewage-into-stream/

Cambodia’s homestay market projected to grow at 8.22%

The homestay market in Cambodia is projected to surpass $59.3 million in earnings this year and in the next four years, it will surge to $81.34 million. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501489136/cambodias-homestay-market-projected-to-grow-at-8-22/

Cambodia stares at EV skills shortage

Cambodia is staring at an acute skills shortage in the electric vehicle sector even as it is getting ready to release the ‘National Policy on the Development of Electric Vehicles (EVs) 2024-2030’ soon. ...

Manoj Mathew
https://www.khmertimeskh.com/501485197/cambodia-stares-at-ev-skills-shortage/

Ministry streamlines construction, land title registration mechanism

Representatives from the Ministry of Land Management, Urban Planning and Construction (MLMUPC) have confirmed the overall progress of national land registry records at a recent construction sector forum and said that all Cambodian land titles nationwide will be recorded and digitized within the official land ...

James Whitehead
https://www.khmertimeskh.com/501485199/ministry-streamlines-construction-land-title-registration-mechanism/

Commercial real estate market sees shops moving to high-end streets

In Phnom Penh, visibility seems to have become key to retailers. High-end brands are reportedly moving to more up-market locations like Prime High Street, versus community malls, retail podiums and prime shopping malls. ...

Rachel David
https://www.khmertimeskh.com/501481585/commercial-real-estate-market-sees-shops-moving-to-high-end-streets/

Use domestic rubber as raw material, PM tells tyre factories

Prime Minister Hun Manet has asked all tyre factories in the country to use domestic rubber as raw material inputs, creating a market for rubber plantation farmers even as two more tyre factory projects have received in-principle approval for investment in Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501480753/use-domestic-rubber-as-raw-material-pm-tells-tyre-factories/

Turkey asks Cambodia to help develop its relations with ASEAN

Turkey is asking Cambodia to support the process of relationship-building with ASEAN nations that will help to expand closer cooperation with stakeholders across the region. ...

Hang Punreay
https://www.khmertimeskh.com/501480071/govt-sets-up-alcohol-working-group-to-protect-consumers/

Construction sees revival with $5 billion approved projects

Cambodia has seen more than $5 billion approved construction projects in 2023, as per data with CBRE Cambodia. This is a 79 percent increase compared to the previous year. ...

Rachel David
https://www.khmertimeskh.com/501480023/construction-sees-revival-with-5-billion-approved-projects/

Garment, footwear exports up 20% to $2.9B in Q1

Cambodia exported garment, footwear and travel goods worth 20 percent more than $2.9 billion in the first quarter, as per a report from the General Department of Customs and Excise. ...

Rachel David
https://www.khmertimeskh.com/501474747/garment-footwear-exports-up-20-to-2-9b-in-q1/

Kingdom’s export to EU up 11.9 percent in Q1

Cambodia exported $903 million worth of goods to the European Union (EU) up 11.9 percent from the $807 million in the same period last year, a report of the General Department of Customs and Excise revealed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501474745/kingdoms-export-to-eu-up-11-9-percent-in-q1/

PM gives call to manufacture high-quality local products

Prime Minister Hun Manet yesterday called for the production of high-quality local products to meet domestic demand and help reduce imports, stressing that the government is striving to stabilize prices and reduce production costs to boost farmers’ income. ...

Chea Vanyuth
https://www.khmertimeskh.com/501471602/pm-gives-call-to-manufacture-high-quality-local-products/

Garment workers request for water mist fans as rising temperatures affect health and productivity

Garment workers in Phnom Penh and Kandal, Takeo and Kampong Chhnang provinces have asked their companies to install water mist fans in the factory amid rising temperatures. ...

Runn Sreydeth and Phon Sothyroth
https://cambojanews.com/garment-workers-request-for-water-mist-fans-as-rising-temperatures-affect-health-and-productivity/

Cambodia’s garment, footwear, travel goods export up 20 pct in Q1

Cambodia exported $2,941 million worth of garment, footwear and travel products (GFTs) to international markets in the first quarter of 2024, up 20 percent from 2,449 million dollars over the same period last year, said a report released by the Ministry of Commerce on April ...

Khmer Times Staff
https://www.khmertimeskh.com/501472270/cambodias-garment-footwear-travel-goods-export-up-20-pct-in-q1/

Stringent rules for meat importers soon, says GDCE

The General Department of Customs and Excise (GDCE) of Cambodia said that after a meeting with meat importers, it will be setting more stringent guidelines and conditions for those operating in this sector. ...

Rachel David
https://www.khmertimeskh.com/501470201/stringent-rules-for-meat-importers-soon-says-gdce/

OVOP movement gathering strength in Cambodia

The Seventh National Day for the promotion of Khmer products will be celebrated today (April 9), under the theme ‘Sustainable Production and Supply to the Market – One Village, One Product Movement.’ ...

Manoj Mathew
https://www.khmertimeskh.com/501469672/ovop-movement-gathering-strength-in-cambodia/

SME bank's $50M loan scheme raises concerns for tourism businesses

Tourism players and economic experts have welcomed SME Banks’ loan scheme of more than $50 million to help Siem Reap business owners. However, while potentially improving tourism performance, concerns have been raised about mounting debt. ...

Yatt Malai
https://kiripost.com/stories/sme-banks-500m-loan-scheme-raises-concerns-for-tourism-businesses

MoT, SME Bank launch financial scheme to help tour operators in SR

The Ministry of Tourism (MoT) in collaboration with the Small and Medium Enterprise Bank of Cambodia (SME Bank) early this week launched financial schemes aimed at providing tourism business owners to develop or expand their operations in Siem Reap province. ...

Nhean Chamrong
https://www.khmertimeskh.com/501468046/mot-sme-bank-launch-financial-scheme-to-help-tour-operators-in-sr/

Loans offered to struggling tourism Siem Reap businesses

The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...

Yatt Malai
https://kiripost.com/stories/loans-offered-to-struggling-tourism-siem-reap-businesses

10,000 witness Spring Equinox sunrise at Angkor Wat

More than 10,000 tourists woke up at 5am yesterday to visit Angkor Wat temple in Siem Reap to watch the Spring Equinox sunrise. ...

Nang Veasna
https://www.khmertimeskh.com/501460350/10000-witness-spring-equinox-sunrise-at-angkor-wat/

Lao Airlines resumes Phnom Penh flight

Lao Airlines, the national airline of Laos, yesterday, resumed the operation of direct flights between Vientiane and Phnom Penh, offering a three-times-a-week service, scheduled every Tuesday, Thursday and Saturday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501458786/lao-airlines-resumes-phnom-penh-flight/

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