News

Domestic salt industry feeling the pinch of the pandemic

A local salt producer says that her company’s exports have been stuck in stasis by the COVID-19 pandemic and tough competition among local producers is making things even tougher. Thaung Thyda, the founder of Thaung Enterprise, says her company was focused on exports but with ...

Sok Chan
https://www.khmertimeskh.com/50803231/domestic-salt-industry-feeling-the-pinch-of-the-pandemic/

Domestic vegetable production increases in 2020

The Ministry of Agriculture, Forestry, and Fisheries has announced that domestic vegetable production increased in 2020 thanks to government’s efforts to boost production chains. ...

Chea Vanyuth
https://www.khmertimeskh.com/50803232/domestic-vegetable-production-increases-in-2020/

Cambodia’s external debt risks contained, says Moody’s

Moody’s Investors Service said Tuesday that Cambodia’s risk of external debt vulnerability was still contained. In its latest assessment of the impact of Covid-19 on Asian and the Pacific, the U.S. rating agency said “liquidity pressures will continue to haunt some frontier market sovereigns. ...

Khmer Times Staff
https://www.khmertimeskh.com/50803148/cambodias-external-debt-risks-contained-says-moodys/

112 garment factories open in 2020

In a tumultuous period for the garment industry, the year 2020 brought the closure of 129 factories in the Kingdom, affecting over 70,000 workers while 112 new factory openings created more than 20,000 jobs. ...

Mom Kunthear
https://www.phnompenhpost.com/national/112-garment-factories-open-2020

ACU receives 20K asset declarations

The Anti-Corruption Unit (ACU) said it had received nearly 20,000 declarations of assets and liabilities from officials across all ministries and provincial administrations in a period of just 10 days, from January 1 to 10. ...

Nov Sivutha
https://www.phnompenhpost.com/national/acu-receives-20k-asset-declarations

Firm wins rights to ticket sales at Kirirom, Prek Toal

The Ministry of Environment awarded rights to ticket sales at Kirirom National Park and the Prek Toal bird sanctuary to locally-owned firm Lim Sok Cheng for 2021. Kirirom National Park covers 8,401ha in Kampong Speu province and is 44km from the provincial capital of the ...

Thou Vireak
https://www.phnompenhpost.com/business/firm-wins-rights-ticket-sales-kirirom-prek-toal

Ministry mulls ASEAN+3 travel bubble

The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid the crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-asean3-travel-bubble

ASEAN-Hong Kong FTA set for Feb 12

The part in relation to Cambodia under the ASEAN-Hong Kong free trade agreement (FTA) and Investment Agreement (IA) is set to take effect on February 12, according to Hong Kong’s Trade and Industry Department. The Kingdom will be last country in which the two agreements ...

Thou Vireak
https://www.phnompenhpost.com/business/asean-hong-kong-fta-set-feb-12

Ministry revises safe village-commune policy

An inter-ministerial meeting chaired by Minister of Interior Sar Kheng on January 8 revised the framework of the so-called safe village-commune policy and renamed it the safe village-commune-district policy. ...

Voun Dara
https://www.phnompenhpost.com/national/ministry-revises-safe-village-commune-policy

Oil money to boost digital education

The government has announced it will make good use of future “oil money” by directing some of it to the promotion of digital education designed to meet the domestic demand for technical and skilled personnel. ...

Jason Boken
https://www.khmertimeskh.com/50802717/oil-money-to-boost-digital-education/

20K jobs await returning migrants

The Ministry of Labour and Vocational Training has announced that it will provide 20,000 jobs in the domestic market to migrant workers who have returned from Thailand.   ...

Mom Kunthear
https://www.phnompenhpost.com/national/20k-jobs-await-returning-migrants

Free trade deals yet to come to fruition

The negotiations on the Kingdom’s proposed free trade deal with South Korea are progressing slowly despite the fact all parties aimed to come up with finalised drafts by the end of 2020. However, the China-Cambodia Free Trade Agreement CC-FTA) ratification is to be announced early ...

Sok Chan
https://www.khmertimeskh.com/50802798/free-trade-deals-yet-to-come-to-fruition/

Development bank delivers $245mn to agri-sector producers, exporters, SMEs

A senior executive of the state-owned Agriculture Rural Development Bank (ARDB) said the financial institution has released $245 million to rice millers and exporters, the livestock sector and small and medium enterprises (SMEs) in the agriculture sector. ...

Sok Chan
https://www.khmertimeskh.com/50802809/development-bank-delivers-245mn-to-agri-sector-producers-exporters-smes/

2020-2021 academic year commences

Prime Minister Hun Sen said that although the world is united in fighting Covid-19 and has yet to achieve complete victory over the outbreak, Cambodia will forge ahead with the opening of the 2020-2021 academic year on January 11, celebrating the theme “a new life ...

Voun Dara
https://www.phnompenhpost.com/national/2020-2021-academic-year-commences

Rural electrification aims to be complete by 2023

The Ministry of Mines and Energy has announced a 2023 target date for the electrification of the Kingdom’s rural villages. Victor Jona, director-general of energy and spokesman for the Ministry of Mines and Energy, said the 2023 target date will see electrification having been delivered ...

Sok Chan
https://www.khmertimeskh.com/50802348/rural-electrification-aims-to-be-complete-by-2023/

App developers serve up Khmer cuisine to thriving digital recipe market

As Cambodians increasingly embrace the digital age, homegrown developers are creating Khmer recipe apps to share the nation’s traditional dishes. On Google Play for Android, the app “Khmer Cooking Recipe” is leading the pack having recorded more than100,000 downloads. ...

Tom Starkey
https://www.khmertimeskh.com/50802403/app-developers-serve-up-khmer-cuisine-to-thriving-digital-recipe-market/

Cambodia’s export to US still on the rise despite pandemic

Cambodia’s exports to the US was valued $6,059 million worth of goods in the first eleven months of 2020, inching up 17 percent compared to that in a year before, reflecting strong export amid the world face hard time of COVID-19 pandemic. ...

Chea Vanyuth
https://www.khmertimeskh.com/50801932/cambodias-export-to-us-still-on-the-rise-despite-pandemic/

CMA says member institutions have restructured $1.38B of loans

The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $1.382 billion.  The total number of restructuring requests stood at 303,593 with 285,234 having been granted. ...

Sok Chan
https://www.khmertimeskh.com/50802377/cma-says-member-institutions-have-restructured-138b-of-loans/

Government provides additional 700 million riels for quarantining of workers returning from Thailand

The government has decided to increase the budget allocated to four border provinces for the quarantine of Cambodian workers returning from Thailand by 700 million riels ($170,000). ...

Sen David
https://www.khmertimeskh.com/50802078/government-provides-additional-700-million-riels-for-quarantining-of-workers-returning-from-thailand/

157 Cambodian workers test positive for COVID-19 in Thailand

The Thai Ministry of Public Health’s Department of Disease Control has reported on its website that 157 Cambodians working in Thailand have tested positive for COVID-19. ...

Tith Kongnov
https://www.khmertimeskh.com/50802175/157-cambodian-workers-test-positive-for-covid-19-in-thailand/

2020 was a bumper year for agriculture

The Ministry of Agriculture is aiming to further increase the productivity of the sector by focusing on a shift to mechanisation to replace human labour. ...

Sar Socheath
https://www.khmertimeskh.com/50802183/2020-was-a-bumper-year-for-agriculture/

Applause after non-bank finance regulator minted

The private sector applauded the establishment of the Non-Bank Financial Services Authority (NBFSA) following Senate approval of a draft law on its organisation and function. ...

May Kunmakara
https://www.phnompenhpost.com/business/applause-after-non-bank-finance-regulator-minted

Tariffs anew for exports to US as GSP lapses

Cambodian importers and buyers of the Kingdom’s travel goods to the US are now required to pay import duties as the latter’s Generalised System of Preferences (GSP) preferential tariff system expired on December 31 and is awaiting renewal by Congress. ...

May Kunmakara
https://www.phnompenhpost.com/business/tariffs-anew-exports-us-gsp-lapses

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