Government

FDI inflows hit $48.4 billion in Cambodia in six years

Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. ...

Rachel David
https://www.khmertimeskh.com/501509131/fdi-inflows-hit-48-4-billion-in-cambodia-in-six-years/

Cambodia-Singapore Financial Transparency Corridor Initiative launched

The Financial Transparency Corridor (FTC) Initiative between Cambodia and Singapore was launched in Singapore this evening to catalyse increased trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in the two countries. ...

Khmer Times Staff
https://www.khmertimeskh.com/501508569/cambodia-singapore-financial-transparency-corridor-initiative-launched/

Cambodia clocks April revenue of $508 million

In April, the Royal Government of Cambodia collected 2,090 billion riels ($508 million) in revenue, which is equivalent to 7.15 percent of the 2024 annual budget expectation, as per data published by the Ministry of Economy and Finance. ...

Rachel David
https://www.khmertimeskh.com/501507050/cambodia-clocks-april-revenue-of-508-million/

Call to boost Cambodia, Malaysia economic ties

Senate President Hun Sen recently called for steps to further strengthen economic ties between Cambodia and Malaysia even as he expressed satisfaction with the growth of investment from Malaysia and the bilateral trade volume, especially Malaysia’s purchase of rice from Cambodia. ...

Mom Kunthea
https://www.khmertimeskh.com/501508286/call-to-boost-cambodia-malaysia-economic-ties/

Cambodia, Singapore vow to boost bilateral investment cooperation

Cambodia and Singapore are committed to fostering their cooperation in promoting bilateral investment by starting from priority areas for mutual socio-economic benefits. ...

Khmer Times Staff
https://www.khmertimeskh.com/501508571/cambodia-singapore-vow-to-boost-bilateral-investment-cooperation/

Cambodia, Singapore agree to promote stronger and more prosperous cooperation

The Prime Ministers of Cambodia and Singapore agreed to promote stronger and more prosperous cooperation. The agreement was reached during a bilateral meeting between Cambodian Prime Minister Hun Manet and Singaporean Prime Minister Lawrence Wong on June 18, 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501508575/cambodia-singapore-agree-to-promote-stronger-and-more-prosperous-cooperation/

Cambodia, Cuba vow to strengthen ties, broaden cooperation

The Cambodian Foreign Ministry said on Thursday that Cambodia and Cuba have vowed to strengthen ties and broaden cooperation through concrete actions under existing bilateral agreements. ...

Khmer Times Staff
https://www.khmertimeskh.com/501506036/cambodia-cuba-vow-to-strengthen-ties-broaden-cooperation/

Japan pledges to continue assistance to Cambodia

Heng Sour, Minister of Labour and Vocational Training of Cambodia met Miyazaki Masahisa, Minister of Labour and Welfare of the Kingdom of Japan in Geneva, Switzerland on Monday to discuss means to further strengthen the bilateral in the field of labour. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501505070/japan-pledges-to-continue-assistance-to-cambodia/

Red corn production soars to 1.7M tonnes, MAFF says

The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. ...

Mom Kunthear
https://www.khmertimeskh.com/501505078/red-corn-production-soars-to-1-7m-tonnes-maff-says/

‘Shortage of workforce afflicting hospitality industry’

The challenge of insufficient manpower was among the primary problems afflicting the hospitality industry in the Kingdom, a Tourism Ministry workshop under the Secretary of State of the ministry at a Phnom Penh hotel last week concluded. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501504410/shortage-of-workforce-afflicting-hospitality-industry/

Vietnam, Cambodia promote trade, investment activities

The Investment and Trade Promotion Center of Ho Chi Minh City hosted a seminar on investment promotion between Vietnam and Cambodia in 2024 on June 7. ...

Saigon News
https://www.khmertimeskh.com/501502736/vietnam-cambodia-promote-trade-investment-activities/

Tourism Minister touts master plan for Siem Reap tourism boost

Minister of Tourism Sok Soken visited the Siem Reap Provincial Department of Tourism on Saturday and discussed crucial aspects of the master plan for Tourism Development in Siem Reap Province 2021-2035. ...

Jigme Palden Pazo
https://www.khmertimeskh.com/501503069/tourism-minister-touts-master-plan-for-siem-reap-tourism-boost/

Commune residents, authorities call for increased national budget to meet people’s needs

Sangkat O’Mal authority in Battambang City and several residents have highlighted the lack of availability for the use of the annual commune budget to develop infrastructure to meet the needs of the people. ...

Sovann Sreypich
https://cambojanews.com/commune-residents-authorities-call-for-increased-national-budget-to-meet-peoples-needs/

Tax incentives offered for expansion of Qualified Investment Projects

In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. ...

James Whitehead
https://www.khmertimeskh.com/501501730/tax-incentives-offered-for-expansion-of-qualified-investment-projects/

Primary schools extend study day by 2 hours

With a view to boost the quality of public school education, the Ministry of Education, Youth and Sport is extending elementary school study time by two hours each day. ...

Torn Vibol
https://www.khmertimeskh.com/501501783/primary-schools-extend-study-day-by-2-hours/

Cambodia’s trade goes up 12% in five months

Cambodia’s international trade has seen a significant increase in the first five months of 2024, growing by 12 percent compared to the same period last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/501501031/cambodias-trade-goes-up-12-in-five-months/

MEF discusses budget of Tourism Board

The Ministry of Economy and Finance (MEF) discussed the budget aspect of the Tourism Board on Monday. Seng Meng Hong, Tourism Secretary led the delegation to dwell upon the budget package for the operation of the Board of Study, Marketing and Tourism Promotion of Cambodia. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501501020/mef-discusses-budget-of-tourism-board/

Committee yet to resolve ‘irregular prison release’ of Chinese

One month since it began its investigations into the release from a Stung Treng prison of eight Chinese nationals, who entered the Kingdom illegally from Laos, a specially established joint committee has been unable to form a conclusion. ...

Phak Seangly
https://www.phnompenhpost.com/national/committee-yet-to-resolve-irregular-prison-release-of-chinese

Majority of construction workers lack social security, health insurance

Some 97 per cent of workers in the construction sector lack access to social security and social health insurance although most of them are aware of the benefits provided by the social protection system, according to national statistics highlighted at an International Labor Organization (ILO) ...

Phak Seangly
https://www.phnompenhpost.com/national/majority-of-construction-workers-lack-social-security-health-insurance-ilo

CPP secure 504 provincial council seats, KWP take 47

The ruling Cambodian People’s Party (CPP) claimed an overwhelming 504 of the 559 capital/provincial council seats on offer in the May 26 elections. ...

Ry Sochan
https://www.phnompenhpost.com/national/cpp-secure-504-provincial-council-seats-kwp-take-47

Hun Many calls for rigor in civil service recruitment drive

Hun Many, Minister of Civil Service has called for the review of the structure and function of ministries, institutions, and subnational administrations to address uncertain or redundant tasks and responsibilities. ...

Torn Vibol
https://www.khmertimeskh.com/501501063/hun-many-calls-for-rigor-in-civil-service-recruitment-drive/

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