News

Ministry studies how best to boost exports under China deal

At its Friday meeting on the study and formulation on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One ...

Jason Boken
https://www.khmertimeskh.com/50804912/ministry-studies-how-best-to-boost-exports-under-china-deal/

Recovery to be driven by three principles

A senior official at the Ministry of Economy and Finance said the government’s driving principles to restore the economy post-COVID-19 from 2021-2023 will be strategic approaches towards survival, reform and resilience. ...

Sok Chan
https://www.khmertimeskh.com/50804674/recovery-to-be-driven-by-three-principles/

A $7.8 million garment factory project approved by CDC

Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50804809/a-7-8-million-garment-factory-project-approved-by-cdc/

Alarm at loss of rare ungulates

Senior environment officials and the World Wide Fund for Nature (WWF-Cambodia) have expressed concerns about a dramatic decline in populations of ungulates – large hoofed mammals – in the Srepok and Phnom Prich Wildlife Sanctuaries located in Mondulkiri province. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/alarm-loss-rare-ungulates

US funds Preah Vihear, Bakheng temple repairs

The US has provided $420,000 in grants for the repair and preservation of temples in Preah Vihear province and Phnom Bakheng temple in Siem Reap. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/us-funds-preah-vihear-bakheng-temple-repairs

Illegal fish nets kill adult male Irrawaddy dolphin in Kratie

Conservationists and communities in the Anlong Kampi Irrawaddy dolphin conservation area in Kratie province said that despite the ban on fishing and regular patrols, fishing offences in the area are still happening which they said is cause for alarm. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/illegal-fish-nets-kill-adult-male-irrawaddy-dolphin-kratie

Gains not losses: Key factors that affect share prices in the market

Share price fluctuations can either create opportunities for gains for investors – or potentially be the cause of losses. Factors that drive demand (buying orders) higher than supply (selling orders) will generally lead to an increase in stock price. Conversely, any that drive supply higher ...

Post Staff
https://www.phnompenhpost.com/banking-securities-business/gains-not-losses-key-factors-affect-share-prices-market

Duty-free exports to US jump

Cambodia exported goods worth $6.06 billion to the US market in the first 11 months of last year, up 22.2 per cent from the same period in 2019, while total bilateral trade volume reached $6.37 billion, according to data released by the US Bureau of ...

Hin Pisei
https://www.phnompenhpost.com/business/duty-free-exports-us-jump

Power grid upgrades expand service, improve reliability

State-run electricity utility Electricite du Cambodge (EDC) has inaugurated a new substation and 230kV high-voltage transmission line in Tbong Khmum province as part of the government’s efforts to promote electrical-grid stability for the public and industries. ...

Thou Vireak
https://www.phnompenhpost.com/business/power-grid-upgrades-expand-service-improve-reliability

Cambodia to get 1 million doses of Chinese COVID-19 vaccines, enhancing ironclad ties with China

Cambodian Prime Minister Hun Sen announced Friday via a Facebook voice message that the Chinese government has provided 1 million doses of COVID19 vaccines to the Royal Government of Cambodia to vaccinate 500,000 people. ...

Khmer Times Staff
https://www.khmertimeskh.com/50804187/cambodia-to-get-1-million-doses-of-chinese-covid-19-vaccines-enhancing-ironclad-ties-with-china/

Social land concession for families of veterans in Pursat province

Pursat provincial authorities have allocated land to be provided to 628 veterans’ families as a social concession. ...

Buth Sela
https://www.khmertimeskh.com/50804408/social-land-concession-for-families-of-veterans-in-pursat-province/

Japan provides grant and commends police officer

The Japanese government has approved a grant of $187,682 for two recipient organisations in Cambodia under the Grant Assistance for Grassroot Human Security Project, which is also known as the KUSANONE grant. ...

Taing Rinith
https://www.khmertimeskh.com/50804431/japan-provides-grant-and-commends-police-officer/

Fishing banned after villages’ dispute mediated

A temporary ban on fishing was ordered yesterday by Kampong Tralach district authorities to prevent violence while mediation continues to resolve a dispute between the people of three villages and Lorpeang Natural Resources Conservation community. The authorities also ordered the demolition of the community guardhouse ...

Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50804407/fishing-banned-after-villages-dispute-mediated/

Specialists remove underwater UXO

Specialists from the National Centre for Peacekeeping Forces, Mines and Explosive Remnants of War Clearance (NPMEC), in cooperation with the army’s Special Forces Command (SFC), have conducted underwater operations to extract munitions from warships which sank in Kampong Cham province’s Srei Santhor district during the ...

Nov Sivutha
https://www.phnompenhpost.com/national/specialists-remove-underwater-uxo

MoE on the lookout for biodiverse ecotourism spots

The Ministry of Environment and Tour Guides Association are working together to identify potential ecotourism spots in protected areas. ...

Sen David
https://www.khmertimeskh.com/50804348/moe-on-the-lookout-for-biodiverse-ecotourism-spots/

SECC prepared to list shares of holding firms

The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...

May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms

“Futures is GREEN” event a showcase for local eco craftmanship

Cambodian businesses and organisations are coming together to celebrate local and eco-conscious business this Saturday, January 16th at an event called “Futures is GREEN”. ...

Tom Starkey
https://www.khmertimeskh.com/50804120/futures-is-green-event-a-showcase-for-local-eco-craftmanship/

Kep province to become ‘relaxation and high-end tourist destination’

Four tourism poles and 251 development projects have been added to the newly completed master plan draft for tourism development in Kep province. It is slated for implementation through 2030. ...

Sok Chan
https://www.khmertimeskh.com/50804514/kep-province-to-become-relaxation-and-high-end-tourist-destination/

Ministry revamps self-assessment tax regime classifications

The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime. ...

Sok Chan
https://www.khmertimeskh.com/50804495/ministry-revamps-self-assessment-tax-regime-classifications/

Japan to assist in Cambodian customs clearance automation

The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process.​​ ...

Jason Boken
https://www.khmertimeskh.com/50804464/japan-to-assist-in-cambodian-customs-clearance-automation/

Kingdom’s bicycle exports top $500M

Cambodia exported bicycles worth approximately $527 million to international markets last year, up 27 percent from 2019. This establishes Cambodia as the No1 country in ASEAN and No5 globally for bicycle exports, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-bicycle-exports-top-500m

Four solar power stations coming online

Additional renewable energy generated by solar power will come online soon in Cambodia from four new stations scheduled to be linked to the grid early this year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50803921/four-solar-power-stations-coming-online/

Cambodia a safe tourist destination as WHO praises C-19 pandemic impact management

Cambodia is a safe tourist destination with the Kingdom ranked by the World Health Organization (WHO) as among the top nations in the world with the best COVID-19 containment and impact management.​ .. ...

Buth Sela
https://www.khmertimeskh.com/50803895/cambodia-a-safe-tourist-destination-as-who-praises-c-19-pandemic-impact-management/

Armac receives $2 million from South Korea gov’t for mine victims

The ASEAN Regional Mine Action Center (Armac) in Phnom Penh has received approximately $2 million from the government of South Korea through the ASEAN-Korea Cooperation Fund (AKCF) for victims of mines or explosive remnants of war (ERW). .. ...

Rhea Mae Soco
https://www.khmertimeskh.com/50803967/armac-receives-2-million-from-south-korea-govt-for-mine-victims/

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