Industries

Cambodia’s bicycle exports decline 38%

Cambodia’s bicycle exports plummeted 38 percent year-on-year in the first half of 2024 with the export value going down to $205 million, according to a report released by the Ministry of Commerce. ...

Chea Vanyuth
https://www.khmertimeskh.com/501525297/cambodias-bicycle-exports-decline-38/

NBC to launch Bakong for foreign tourists

Tourists visiting Cambodia will soon be able to conduct transactions using the Bakong payment system, according to Chea Serey, Governor of the National Bank of Cambodia (NBC), recently. ...

Chea Vanyuth
https://www.khmertimeskh.com/501526826/nbc-to-launch-bakong-for-foreign-tourists/

Vendors given a week to remove alcohol ads in Takeo

The governor of Takeo province has granted one week’s grace to sellers and vendors of alcoholic drinks and wines to remove all billboards and signage that advertises alcoholic products, or face legal consequences. ...

Khmer Times Staff
https://www.khmertimeskh.com/501522989/vendors-given-a-week-to-remove-alcohol-ads-in-takeo/

GFT exports rise 17 percent in first half of 2024

Cambodia’s exports of garments, footwear and travel goods (GFT) increased by 16.89 percent in the first half of this year, compared to the same period last year, earning the country $6.15 billion, according to the trade data released by the General Department of Customs and ...

Manoj Mathew
https://www.khmertimeskh.com/501521386/gft-exports-rise-17-percent-in-first-half-of-2024/

Vietnamese President to make second overseas trip to Cambodia

The Vietnamese President will make an official visit to Cambodia this week – his second overseas trip since being elected in June – with analysts predicting cyber crimes, the Funan Techo Canal and the border will be on the table. ...

Mao Sreypich
https://kiripost.com/stories/vietnamese-president-to-make-second-overseas-trip-to-cambodia

South Korean pharma eyes medical device venture in Cambodia

Representatives from Poonglim Pharmatech Inc., headquartered in the Republic of Korea’s Jeonbuk-do province, are exploring investment opportunities in medical device manufacturing in Cambodia, following a meeting with Suon Sophal, Deputy Secretary General of the Cambodian Investment Board (CIB), at Council for the Development of Cambodia ...

James Whitehead
https://www.khmertimeskh.com/501515044/south-korean-pharma-eyes-medical-device-venture-in-cambodia/

Cambodia launches tourism marketing, promotion board

According to a Ministry of Tourism statement on Sunday, Cambodia has launched a tourism marketing and promotion board, aiming to promote the tourism sector to international markets. ...

Khmer Times Staff
https://www.khmertimeskh.com/501515189/cambodia-launches-tourism-marketing-promotion-board/

Qingdao-based tyre manufacturer announces Kingdom investment plans

Chinese publicly-listed manufacturer, Mesnac Co., Ltd, announced plans this month to invest in a new manufacturing facility in Cambodia focussed on the production of tyre mould products. ...

James Whitehead
https://www.khmertimeskh.com/501512148/qingdao-based-tyre-manufacturer-announces-kingdom-investment-plans/

Kingdom records 23 percent rise in foreign tourist arrivals in Jan-April

Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501507656/kingdom-records-23-percent-rise-in-foreign-tourist-arrivals-in-jan-april/

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/

Environment ministry plans large-scale seedling nursery in Phnom Kulen National Park

The Ministry of Environment has finalised a feasibility study and plans to build a large-scale nursery in Preah Jayavarman-Norodom Phnom Kulen National Park, spanning three hectares, which can produce three million seedlings per year. ...

Phak Seangly
https://www.phnompenhpost.com/national/environment-ministry-plans-large-scale-seedling-nursery-in-phnom-kulen-national-park

Increased iron, steel imports hint at construction sector revival

Cambodia imported iron and steel worth close to $168 million in the first four months of 2024, the General Department of Customs and Excise (GDCE) reported recently. ...

James Whitehead
https://www.khmertimeskh.com/501504480/increased-iron-steel-imports-hint-at-construction-sector-revival/

Bicycle exports down 37 percent in Jan-May

Cambodia’s bicycle exports fell 37 percent year-on-year in the first five months this year, said a report of the General Department of Customs and Excise (GDCE). ...

Chea Vanyuth
https://www.khmertimeskh.com/501505084/bicycle-exports-down-37-percent-in-jan-may/

CCF to use education not fines for minor cases

The Consumer Protection Competition and Fraud Repression Directorate-General (CCF) has issued new guidelines directing officials to prioritise educational measures over penalties for minor offenses. ...

Hang Punreay
https://www.khmertimeskh.com/501504588/ccf-to-use-education-not-fines-for-minor-cases/

Cambodia’s GFT exports jump 20.69 percent

The exports of garments, footwear and travel goods (GFT) rose by 20.69 percent in the first five months of this year, compared to the same period last year, earning the Kingdom $4.89 billion, according to the trade data released by the General Department of Customs ...

Manoj Mathew
https://www.khmertimeskh.com/501503732/cambodias-gft-exports-jump-20-69-percent/

Ministry plans to create 250 new model villages by end of seventh mandate in 2028

After the successful establishment of 30 model villages, the Ministry of Rural Development is preparing to collect information on the status of other villages to create an additional 250 by the end of the seventh mandate in 2028, aiming to help develop infrastructure and provide ...

Phak Seangly
https://www.phnompenhpost.com/national/ministry-plans-to-create-250-new-model-villages-by-end-of-seventh-mandate-in-2028

Govt denounces illegal property developments, warns investors

Several residential housing projects in Phnom Penh and Siem Reap have been under fire from government authorities recently, with actions taken against illegitimate developments and local buyers warned to conduct due diligence before committing to property purchase agreements. ...

James Whitehead
https://www.khmertimeskh.com/501501018/govt-denounces-illegal-property-developments-warns-investors/

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/

Over $800 million invested so far in Bokor Mountain

The Sokimex Group states that it has so far invested about 800 million US dollars to develop of Bokor Mountain in Kampot province.   ...

Khmer Times Staff
https://www.khmertimeskh.com/501501416/over-800-million-invested-so-far-in-bokor-mountain/

Ministry Urges Review of Rural Road Techniques to Reduce Criticism

Ministry of Rural Development urges review of rural road construction techniques to ensure long-term quality and Reduce public criticism over previous cases of injections. ...

Hang Punreay
https://tinyurl.com/4bbfdm3d

State institutions ensure seated flatbed trucks for garment workers by 2024, buses by 2027

After several rounds of discussion since 2018, state institutions on Wednesday vowed to make it safer for workers across the country to have chairs to sit on while traveling to and from work, which has typically been flatbed trucks. ...

Phon Sothyroth
https://cambojanews.com/state-institution-ensure-seated-flatbed-trucks-for-garment-workers-by-2024-buses-by-2027/

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/

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