Government

National government

Fisheries exports struggling to remain afloat, need gov’t push

Cambodia exported 1,372 tonnes of fisheries products to the international market in the first half of this year, sinking around 80 per cent from 8,710 tonnes in the same period last year, a Ministry of Agriculture, Forestry and Fisheries report said. ...

Thou Vireak
https://www.phnompenhpost.com/business/fisheries-exports-struggling-remain-afloat-need-govt-push

Ministry: New measures to help SMEs

To solve the current issues faced by small and medium enterprises (SMEs) in the Kingdom, the Ministry of Economy and Finance (MEF) has issued two main measures. Secretary of State at the MEF and Secretary-General of the Committee on Economic and Financial Policy Phan Phalla ...

Sok Chan
https://www.khmertimeskh.com/50744867/ministry-new-measures-to-help-smes/

Ministry works on digital agriculture challenge

The Ministry of Economy and Finance (MEF) together with the Techo Startup Centre and relevant stakeholders yesterday launched an inception workshop to disseminate information about a rural challenge and to discuss expectations of its intended digital platform under the Sustainable Assets for Agriculture Markets, Business ...

Sok Chan and Jason Boken
https://www.khmertimeskh.com/50744903/ministry-works-on-digital-agriculture-challenge/

UN gives $1 million for migrant-worker support programme

The United Nations is providing $1 million for a joint programme with the government to provide support to returning migrant workers in three provinces. Interior Minister Sar Kheng said yesterday the six-month programme will be carried out in Banteay Meanchey, Battambang and Siem Reap provinces. ...

Khmer Times Staff
https://www.khmertimeskh.com/50744697/un-gives-1-million-for-migrant-worker-support-programme/

Cambodia’s economy stagnant in first half

The National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50744787/cambodias-economy-stagnant-in-first-half/

Domestic animal feed production urged

Mr Hun Sen, Prime Minister of the Kingdom of Cambodia, has urged for domestic production of animal feeds to supply local demand, generate jobs, and reduce the import of the product from abroad.​​​ ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50744882/domestic-animal-feed-production-urged/

Exclusive ADB may offer more than $1.5b in new funding

Khmer Times can report that the Asian Development Bank (ADB) is proposing to provide $1.5211 billion of new funding in its updated Cambodia country operations and business plan (COBP) 2021-2023. ...

Harrison White
https://www.khmertimeskh.com/50744668/exclusive-adb-may-offer-more-than-1-5b-in-new-funding/

Crisis talks on threat to rice imports

The Commerce Ministry and Cambodia Rice Federation (CRF) had an urgent meeting about the USA Rice Federation to the The United States International Trade Commission (USITC) on the eliminating a trade benefit on rice imported to US including from Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50744806/crisis-talks-on-threat-to-rice-imports/

Royal Group inks $35 million road deal on Koh Rong

Royal Group Koh Rong Development Company and Sinohydro Corporation Limited reached a $35 million deal on Tuesday to build a 70km road on Koh Rong Island. The road will be 8m wide and is expected to take 16 months to complete, according to the plan ...

May Kunmakara
https://www.phnompenhpost.com/national/royal-group-inks-35-million-road-deal-koh-rong

Poor families receive first round of government aid

The Ministry of Social Affairs, Veterans and Youth Rehabilitation said 92 percent of the 560,000 families have received their first installment of government subsidies. ...

Khann Chanvirak
https://www.khmertimeskh.com/50744336/poor-families-receive-first-round-of-government-aid/

Gov’t collects $1.68B in tax revenue

The General Department of Taxation (GDT) collected $1.68407 billion in tax revenue in the first half of this year, up $181.68 million or 12 per cent compared to the same period last year, it said in a press release. Issued at a meeting on the ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-collects-168b-tax-revenue

Government dips into its reserves

The government says that it has been withdrawing $1 billion from its savings to support spending in the fight against COVID-19 and to sustain, boost and restore the economy at a time national revenue is expected to drop from 20 percent to 30 percent, according ...

Sok Chan
https://www.khmertimeskh.com/50743333/government-dips-into-its-reserves/

Coal: A burning question

Cambodia and other Asean member states have discussed the future of the coal mining business for the power sector in the region, according to the Cambodia Ministry of Mines and Energy (MME). The Ministry said the discussion was made at the Asean Coal Business Roundtable ...

Sorn Sarath
https://www.khmertimeskh.com/50743466/coal-a-burning-question/

Widening foreign debt sources to boost economic growth

Having been criticised for its position toward China, the world’s second largest economy, from where most of its foreign debt has come for years, Cambodia is now more likely to change its foreign loan sources to boost economic growth. ...

Sorn Sarath
https://www.khmertimeskh.com/50744111/widening-foreign-debt-sources-to-boost-economic-growth/

After FTA with China, S. Korea next in line to negotiate free trade agreement

A free trade agreement negotiation between Cambodia and the Republic of Korea has been scheduled to kick-start shortly. This was said by Pan Sorasak, Minister of Commerce when meeting Park Heung-Kyeong, Ambassador of S. Korea to Cambodia, at the ministry office. ...

Khmer Times Staff
https://www.khmertimeskh.com/50743512/after-fta-with-china-s-korea-next-in-line-to-negotiate-free-trade-agreement/

Construction of Phnom Penh’s third ring road completed 40 percent

The construction of Phnom Penh’s third ring road has been completed nearly 40 percent, according to the Ministry of Public Works and Transport (MPWT).​ The third ring road stretches from National Road 4 in Chumpu Voan village, Chaom Chau district, crossing National Road 3 and ...

Khmer Times Staff
https://www.khmertimeskh.com/50743656/construction-of-phnom-penhs-third-ring-road-completed-40-percent/

Finance sector in good shape: NBC

The National Bank of Cambodia (NBC) says the banking sector will continue to grow confidently and actively contribute to economic activity. At the same time, the banking and finance sector continues to promote financial inclusion with the number of deposit clients reaching 8.2 million accounts ...

Sok Chan
https://www.khmertimeskh.com/50742892/finance-sector-in-good-shape-nbc/

Aquaculture sector takes off in Cambodia

Cambodia has seen remarkable increase of aquaculture with in the last decade, according to the Minister of Agriculture, Forestry and Fisheries. Minister Veng Sakhon, shared the notice recently underlining that Cambodia’s aquafarming rose from 50,000 tonnes in 2009 to more than 300,000 tonnes in 2019. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50743003/aquaculture-sector-takes-off-in-cambodia/

Sar Kheng addresses land rows in Kingdom

Deputy Prime Minister and Minister of Interior Sar Kheng has told officials to prepare a master plan for land management in the Kingdom, especially in economic centres. He expressed concern that land issues will be complicated in future, especially disputes among high-ranking officials. ...

Long Kimmarita
https://www.phnompenhpost.com/national/sar-kheng-addresses-land-rows-kingdom

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