Khmer Times

A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...

Cambodia’s exports through three Special Economic Zones in Svay Rieng province, which shares a border with Vietnam, have recorded a $237 million rise in the first quarter of 2020. ...

Cambodia’s Minister of Agriculture Veng Sakhon has told local media that his ministry plans to purchase $3.5 million’s worth of potato seeds, in a project partnering with South Korea to produce potatoes in the Mondulkiri province. ...

The COVID-19 pandemic is driving the airlines, hospitality, restaurants and related support industries to the brink. ...

The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...

Prime Minister Hun Sen appealed for the continued efforts to eliminate malaria in the Kingdom despite the ongoing COVID-19 pandemic. The call was made in a statement issued yesterday ahead of the World Malaria Day on April 25. ...

Posts and Telecommunication Minister Chea Vandeth on Monday held a meeting to review research findings for two mobile applications and a ventilator, which could be used in the Kingdom’s response to the coronavirus. ...

Visa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. ...

Nine business associations in the STAR (Sustainable Textile of Asian Region) Network are calling on buyers to honour their contracts with their suppliers. ...

The price of fragrant rice exports to international markets has doubled in the last month, from $50 to $100 per matrix ton, according to the Cambodia Rice Federation (CRF). ...

Three financial institutions and one privately owned company are expected to list their corporate bonds and equity on the Cambodia Securities Exchange (CSX) by the end of April and early May respectively. ...

Despite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity Authority of Cambodia (EAC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction ...

The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...

The Labour Ministry said more than 90 percent of garment factory workers reported for work on the first day of Khmer New Year yesterday. ...

The Senate’s permanent committee today is handing over the draft law on “State of Emergency” to its expert commission for study before its upcoming plenary session. ...

The Council for Development of Cambodia (CDC) has given the green light to six new investment projects with a total investment capital of $23.5 million. ...

As COVID-19 continues to carve out a path of economic destruction in the Kingdom, several financial institutions are considering re-classifying their loan-repayment structures to help relieve customers in fiscal trouble, in line with recent guidelines released by the National Bank of Cambodia. ...

The wild animal conservation team has spotted rare river terns in the flooded areas of Kratie and Stung Treng provinces. ...

Agriculture Minister Veng Sakhon has ordered all agriculture departments to take immediate measures to ensure the food security of the country in response to the the outbreak of COVID-19. ...

The Council for the Development of Cambodia (CDC) has approved four investment projects with a combined capital investment valued at $13.9 million and expected to create 3,315 jobs. ...

As a corporate social responsible citizen, the Bank had on 10 April 2020, donated 10,000 surgical masks and 31,500 pairs of plastic gloves to the Khmer-Soviet Friendship Hospital which is appointed by the government to conduct screening test and treatment for COVID-19. ...

Cambodia received seven tons of medical and preventive supplies from China in a bid for the fight of coronavirus disease in the Kingdom. ...

The International Committee of the Red Cross in Phnom Penh on Friday donated 20 tonnes of health care, hygiene and sanitation supplies to the Directorate General Prison at the Correctional Centre 1. The humanitarian aid aims to assist the General Department of Prisons in preventing ...

A senior official of the Ministry of Commerce said negotiations on the free-trade agreement (FTA) between Cambodia and China have achieved about 70 percent success so far and they are expected to sign the agreement by the end of the year. ...