Government

National government

Signing of Korea trade deal postponed

The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/signing-korea-trade-deal-postponed

Agriculture ministers discuss food security in Asia-Pacific

The Cambodian government, through the Ministry of Agriculture, Forestry and Fisheries, is committed to promoting agricultural diversification as part of its battle against Covid-19 in order to maintain a stable business environment and people’s livelihoods during the health crisis. ...

Thou Vireak
https://www.phnompenhpost.com/business/agriculture-ministers-discuss-food-security-asia-pacific

Safe foods stores keep prices steady amid lockdown

A number of safe-agricultural-product specialist stores in Phnom Penh have expressed their commitment to maintain the prices of their commodities and contribute to the government’s efforts to improve people’s livelihoods during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takhmao town in Kandal ...

Thou Vireak
https://www.phnompenhpost.com/business/safe-foods-stores-keep-prices-steady-amid-lockdown

Commerce ministry rolls out mobile markets to Red Zones

The Ministry of Commerce on April 20 dispatched five trucks to seven “Red Zones” to sell food products and groceries at below-market prices during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takmao town in Kandal province, according to undersecretary of state Pen ...

Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-rolls-out-mobile-markets-red-zones

Lockdown opens a window for e-commerce

With authorities tightening security to prevent community transmission in Phnom Penh and Kandal province’s Takhmao town, e-commerce activity, cashless payments and delivery services have logged a notable rise, swiftly becoming new features of the digital world in Cambodia. ...

May Kunmakara
https://www.phnompenhpost.com/business/lockdown-opens-window-e-commerce

The National Bank of Cambodia discourages usage of bank notes to curb COVID-19 spread

The National Bank of Cambodia today issued an announcement encouraging all members of the public to use electronic payment services to participate in the prevention and control of the spread of COVID- 19. ...

Khmer Times Staff
https://www.khmertimeskh.com/50842182/the-national-bank-of-cambodia-discourages-usage-of-bank-notes-to-curb-covid-19-spread/

Revenue from international tourism dips 80 per cent in 2020

Cambodia booked just $1.023 billion in international tourism revenue last year, representing a 79.4 percent nosedive from $4.919 billion in 2019 due to the sweeping effects of the global Covid-19 pandemic, the Ministry of Tourism reported on April 19. ...

Hin Pisei
https://www.phnompenhpost.com/business/revenue-international-tourism-dips-80-cent-2020

Cambodia registers about 8,000 trademarks in 2020

Local and international companies registered 7,997 trademarks with the Ministry of Commerce 2020, up 30 percent over the previous year, the ministry reported. The ministry said it mediated 23 cases of infringement and dissolved 37 trademarks during the year. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-registers-about-8000-trademarks-2020

Don’t worry about the rice market: Minister to farmers

Minister of Agriculture, Forestry and Fisheries Veng Sakhon said farmers should not be worried about rice markets despite the nation’s milled rice exports to international destinations being down in the first quarter of the year. ...

Sar Socheath
https://www.khmertimeskh.com/50837501/dont-worry-about-the-rice-market-minister-to-farmers/

Gov’t mulls Angkor entry for vaccinated foreign tourists in Q4

International tourists with proof of Covid-19 vaccination in the fourth quarter (Q4) of this year could be allowed into Siem Reap province’s Angkor Archaeological Park even within 14 days of arrival to Cambodia, amid tentative government plans to ease its quarantine policy, according to Minister ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-mulls-angkor-entry-vaccinated-foreign-tourists-q4

France mulls $95M in agri-loans

The Ministry of Agriculture, Forestry and Fisheries expects to receive €80 million ($95 million) in loans this year from the French government and Asian Development Bank (ADB) to develop two projects that support Cambodian agricultural value chains. ...

Thou Vireak
https://www.phnompenhpost.com/business/france-mulls-95m-agri-loans

ADB asked to craft game plan for monorail, subway

The Ministry of Public Works and Transport on April 6 asked the Metro Manila-based Asian Development Bank (ADB) to help devise strategies for monorail and subway projects planned for Phnom Penh. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-asked-craft-game-plan-monorail-subway

ASEAN ministers to discuss cooperation with United Kingdom

Minister of Foreign Affairs and Cooperation Prak Sokhonn will join his ASEAN counterparts online tomorow to discuss with British Foreign Secretary Dominic Raab  how to strengthen cooperation between the 10-nation bloc and Britain. ...

Sok Samnang
https://www.khmertimeskh.com/50835172/asean-ministers-to-discuss-cooperation-with-united-kingdom/

Commerce ministry posts 50.8% dip in revenue

The Ministry of Commerce posted $12.7 million in revenue for 2020, down by 50.83 per cent over $26.60 million in 2019, driven down by reductions in business registration fees and an increasing number of merchants self-certifying their products’ origins. ...

Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-posts-508-dip-revenue

Electronic, electrical exports hit $755.34M

Cambodia exported $755.34 million worth of electrical equipment and electronic components to international markets in 2020, up 31.49 per cent compared to $574.44 million in 2019, according to the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/electronic-electrical-exports-hit-75534m

Tesla ‘yet to request’ business licence

South African-born US entrepreneur Elon Musk’s Tesla Inc has not yet requested a business licence with the Ministry of Commerce as of April 6, ministry spokesman Pen Sovicheat told The Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/tesla-yet-request-business-licence

Land clearing accusations from 2008 under scrutiny

The Ministry of Environment has sent a team to investigate land disputes at two locations covering over 100ha. ...

Long Kimmarita
https://www.phnompenhpost.com/national/land-clearing-accusations-2008-under-scrutiny

Ministry urges protection for Asian elephants

The Ministry of Environment has called on residents of Keo Seima Wildlife Sanctuary in Mondulkiri province to not disturb the wild elephants there as well as participate in their protection. ...

Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50833990/ministry-urges-protection-for-asian-elephants/

Labour ministry to distribute $26 mil in aid

In the latest round of financial assistance, the Labour Ministry will distribute $26 million to 9,972 employees at 40 companies who have lost their jobs in the garment and tourism sectors. ...

Kunvuth Monykanchna
https://www.khmertimeskh.com/50834076/labour-ministry-to-distribute-26-mil-in-aid/

New multi-purpose sea port set for Koh Kong

The government plans to rebuild the derelict old Dang Tong Port in Koh Kong province into a medium-sized multi-purpose seaport at a cost of $1.5 million to spur waterway trade with Thailand, a senior public works official said. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-multi-purpose-sea-port-set-koh-kong

New business registrations down 41%

Last year saw 7,860 new businesses register with the Ministry of Commerce, down 40.72 percent from 13,259 in 2019. At the same time, the ministry dissolved 500 businesses last year, marking a 187 percent increase from 174 in 2019. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-business-registrations-down-41

KrisEnergy may face action: Gov’t official

Following the announcement last week by KrisEnergy Ltd of less-than-anticipated results from oil production at the Apsara Mini Phase 1A development, a senior official from the Ministry of Mines and Energy said the government could penalise  the company or terminate its licence. ...

Sok Chan
https://www.khmertimeskh.com/50834110/krisenergy-may-face-action-govt-official/

Information Ministry launches vaccination campaign for journalists

Information Minister Khieu Kanharith and the Ministry of Health launched a large scale vaccination campaign for journalists and information officials, which started yesterday and will run until April 9. ...

Chhun Sunly
https://www.khmertimeskh.com/50833183/information-ministry-launches-vaccination-campaign-for-journalists/

Ministry rejects report on loss of forest cover

The Ministry of Environment rejected a report from the Global Initiative Against Transnational Organised Crime which claimed that Cambodia had lost more than 50,000ha of forest cover in Prey Lang Wildlife and Preah Rokar-Chheb Wildlife Sanctuaries over an 18-year period.   ...

Nov Sivutha
https://www.phnompenhpost.com/national/ministry-rejects-report-loss-forest-cover

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