National government
Ministries and other national bodies
Ministry of Commerce signs two development MoUs
The Ministry of Commerce (MoC) signed two memorandums of understanding (MoUs) – with the Cambodian BRB retail and product promotion consulting company and another with the Cambodian Coca-Cola Co. ...
Jason Boken
https://www.khmertimeskh.com/50803679/ministry-of-commerce-signs-two-development-mous/
Tax collection near $3B in 2020
The Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.70052 trillion riel ($2.87 billion) in tax revenue last year, up 423.20 billion riel or 3.73 per cent compared to 2019, it said in a January 11 press release. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-collection-near-3b-2020
Domestic vegetable production increases in 2020
The Ministry of Agriculture, Forestry, and Fisheries has announced that domestic vegetable production increased in 2020 thanks to government’s efforts to boost production chains. ...
Chea Vanyuth
https://www.khmertimeskh.com/50803232/domestic-vegetable-production-increases-in-2020/
Firm wins rights to ticket sales at Kirirom, Prek Toal
The Ministry of Environment awarded rights to ticket sales at Kirirom National Park and the Prek Toal bird sanctuary to locally-owned firm Lim Sok Cheng for 2021. Kirirom National Park covers 8,401ha in Kampong Speu province and is 44km from the provincial capital of the ...
Thou Vireak
https://www.phnompenhpost.com/business/firm-wins-rights-ticket-sales-kirirom-prek-toal
Ministry mulls ASEAN+3 travel bubble
The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid the crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-asean3-travel-bubble
Rural electrification aims to be complete by 2023
The Ministry of Mines and Energy has announced a 2023 target date for the electrification of the Kingdom’s rural villages. Victor Jona, director-general of energy and spokesman for the Ministry of Mines and Energy, said the 2023 target date will see electrification having been delivered ...
Sok Chan
https://www.khmertimeskh.com/50802348/rural-electrification-aims-to-be-complete-by-2023/
Applause after non-bank finance regulator minted
The private sector applauded the establishment of the Non-Bank Financial Services Authority (NBFSA) following Senate approval of a draft law on its organisation and function. ...
May Kunmakara
https://www.phnompenhpost.com/business/applause-after-non-bank-finance-regulator-minted
Ministry, Japan agri-firm ink MoU
The Ministry of Commerce on January 6 signed a memorandum of understanding (MoU) with Japan’s Yamato Green Co Ltd to develop value chains for agribusiness products. Having registered with the Ministry of Commerce on April 22, Yamato Green has had relative success in growing safe ...
Thou Vireak
https://www.phnompenhpost.com/business/ministry-japan-agri-firm-ink-mou
In-principle nod given to securities companies in Kingdom
The Securities and Exchange Commission of Cambodia (SECC) on January 5 approved in principle a handful of applications for licences. In a press release on the minutes of an SECC meeting led by chairman and Minister of Economy and Finance Aun Pornmoniroth, the securities regulator ...
Thou Vireak
https://www.phnompenhpost.com/business/principle-nod-given-securities-companies-kingdom
Chilli exports ratchet up a red-hot 27% in spicy 2020
The government’s policy to boost productivity performance in the agricultural sector has lit a fire under the Kingdom’s exports, with shipments of fresh chilli flaring up 27.08 per cent from 55,513 tonnes in 2019 to 70,546 tonnes in a spicy 2020, according to Minister of ...
Hin Pisei
https://www.phnompenhpost.com/business/chilli-exports-ratchet-red-hot-27-spicy-2020
Sand mining contracts cause serious concerns
The Ministry of Mines and Energy has called for bids for sand mining licences across 2,000 hectares in Koh Kong and Preah Sihanouk provinces. Sand mining is conducted mainly at open pits, beaches, inland dunes or from the dredging of ocean and river beds. ...
Jason Boken
https://www.khmertimeskh.com/50801310/sand-mining-contracts-cause-serious-concerns/
Sunny future predicted for photovoltaics
The United Nations Development Programme (UNDP) Cambodia’s resident representative, Nick Beresford, said yesterday solar technology is moving fast, is far cheaper than carbon-based energy and provides clean electricity. He said the UNDP is working with the Ministry of Mines and Energy on projects to ensure ...
Sok Chan
https://www.khmertimeskh.com/50801824/sunny-future-predicted-for-photovoltaics/
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/
NBC: 4% economic growth in 2021
The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-4-economic-growth-2021
Approval in principle for new airport
The government has approved in principle the construction of a new domestic airport in Mondulkiri province under a public-private partnership (PPP). The approval was signed by the Council of Ministers’ Permanent Secretary of State Hing Thoraxy on New Year’s Eve. ...
Sok Chan
https://www.khmertimeskh.com/50800187/approval-in-principle-for-new-airport/
Cambodian milled rice exports reached $538 million in 2020
Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, has announced the Kingdom’s rice paddy production and milled rice export totals for 2020. The minister revealed that of the nation’s approximate 3.4 million hectares of paddy fields, more than 3.26 million hectares were in harvest, yielding ...
Sok Chan
https://www.khmertimeskh.com/50800218/cambodian-milled-rice-exports-reached-538-million-in-2020/
Crab banks buoy marine fisheries yields
Provincial fisheries officials have said the development of crab banks in community fisheries has gradually boosted marine crab output. Crab banks are where pregnant crabs are stored until their attached eggs hatch. Members of fisheries communities who catch pregnant crabs are obliged to sell them ...
Thou Vireak
https://www.phnompenhpost.com/business/crab-banks-buoy-marine-fisheries-yields
Ministry to spend $500M on 5-year vocational master plan
Ministry of Labour and Vocational Training will spend nearly $500 million to accomplish a five-year master plan in improving Technical and Vocational Education and Training (2021-2025) by focusing on four strategies. ...
Niem Chheng
https://www.phnompenhpost.com/national/ministry-spend-500m-5-year-vocational-master-plan
$500K investment for SMEs to improve e-commerce
A $500,000 investment will go towards 125 small and medium sized businesses set to gain grants and training in online commerce according to a joint press release by the Ministry of Commerce of the Kingdom of Cambodia, the Enhanced Integrated Framework (EIF) and the UN ...
Khmer Times Staff
https://www.khmertimeskh.com/50798664/500k-investment-for-smes-to-improve-e-commerce/
Ministries to establish more medical facilities in Kingdom
The ministries of Health and Interior have plans in the works to establish nearly 30 new medical facilities in underserved provinces, including health centres, health posts and referral hospitals. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ministries-establish-more-medical-facilities-kingdom
$400m investment inked for another hydro project
SINOMACH China Heavy Machinery Co Ltd, the Ministry of Energy and Mines of Cambodia and the Cambodian National Electric Power Co formally signed an implementation agreement, lease agreement and power purchase agreement for the build-operate-transfer (BOT) investment project of the Shangddai Hydropower Station to utilise ...
Khmer Times Staff
https://www.khmertimeskh.com/50799201/400m-investment-inked-for-another-hydro-project/
TV goes digital by 2023, paving way for 5G
The government on December 28 held an inter-ministerial meeting to discuss setting up a digital television platform as part of the Kingdom’s shift away from analogue. Held at the Ministry of Economy and Finance, the meeting discussed the would-be platform operator’s models of management and ...
Hin Pisei
https://www.phnompenhpost.com/business/tv-goes-digital-2023-paving-way-5g
NBC conference discusses growth models for economic development
The seventh annual NBC Macroeconomic Conference 2020 commenced yesterday under the theme of “Discussion of Cambodia’s Economic Development Models”. It is being held virtually and will conclude on the morning of Dec 29. ...
Historic day for the nation as Apsara oil is now flowing
Mr Hun Sen considers Cambodia’s first drop of oil as a blessing to the Cambodian nation. The revenue raised from this oil production will be used for two priority areas: education and health. ...
Sok Chan
https://www.khmertimeskh.com/50798561/historic-day-for-the-nation-as-apsara-oil-is-now-flowing/