The Phnom Penh Post

Only $54M of SME Bank’s $150M tourism loans taken

Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...

Hin Pisei
https://phnompenhpost.com/business/only-54m-sme-banks-150m-tourism-loans-taken

Indonesia planning increased rice order

Indonesia plans to increase import of rice to 250,000 tonnes a year from Cambodia to preserve its food security, and in turn support the Kingdom’s food security infrastructure by supplying fertiliser and providing training to agriculture workers. ...

May Kunmakara
https://www.postkhmer.com/business/2023-09-06-1010-254229.html

Cambodia-Canada trade falls 25% Jan-July due to global slowdown: GDCE

The effects of the ongoing global political and economic crisis has likely affected bilateral trade between Cambodia and Canada, as reflected by a 24.7 per cent year-on-year fall in trade value at $535 million in the first seven months of 2023, versus $711.1 million last ...

Hin Pisei
https://phnompenhpost.com/business/cambodia-canada-trade-falls-25-jan-july-due-global-slowdown-gdce

Rare sarus cranes hatch in Keo Seima sanctuary

In late August, a dedicated wildlife monitoring team from the Wildlife Conservation Society (WCS Cambodia) in Mondulkiri province made a remarkable discovery – locating another rare sarus crane nest, in which two newborn birds had been safely hatched. Sharing the encouraging news on September 4, WCS ...

Orm Bunthoeurn
https://phnompenhpost.com/national/rare-sarus-cranes-hatch-keo-seima-sanctuary

Manet holds bilateral talks with ASEAN counterparts

Prime Minister Hun Manet met bilaterally with the leaders of several ASEAN member states on the sidelines of the bloc’s 43rd summit in Indonesia, with the intention of strengthening relations and cooperation. On September 4, ahead of the start of the September 5-7 summit, Manet ...

Ry Sochan
https://phnompenhpost.com/national-politics/manet-holds-bilateral-talks-asean-counterparts

Cambodia, Thailand unite to combat transnational crime

The National Police forces of Cambodia and Thailand have solidified their commitment to enhance cooperation in tackling transnational crimes. The pledge aims to bolster peace and order in both nations by fostering a stronger collaborative initiative. ...

Bor Pich Zelin
https://phnompenhpost.com/national/cambodiathailand-unite-combat-transnational-crime

ASEAN initiate talks on digital economy framework agenda

ASEAN economic ministers have initiated talks on the Digital Economy Framework Agreement (DEFA), a significant regionwide accord set to shape the world’s foremost tech-driven financial systems partnership. The launch occurred during the ASEAN Economic Community Council (AECC) gathering, held in the Indonesian capital Jakarta on September ...

Ry Sochan
https://phnompenhpost.com/business/asean-initiate-talks-digital-economy-framework-agenda

Kingdom seeks to boost foreign investment

Domestic stakeholders and economic experts are advocating for an enhanced investment climate to elevate Cambodia’s status and attract foreign direct investment (FDI) within ASEAN.​ Tan Monivann, vice-president of the Cambodia Chamber of Commerce (CCC), is currently attending the 43rd ASEAN Summit in Indonesia. He conveyed ...

Van Socheata
https://phnompenhpost.com/national/kingdom-seeks-boost-foreign-investment

NBC plans $50M Forex bids in effort to stabilise currency

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

Van Socheata
https://phnompenhpost.com/national/nbc-plans-50m-forex-bids-effort-stabilise-currency

Minister asks Japan for flooding support

During a meeting to discuss water resources with officials from the Japanese Embassy in Cambodia, Thor Chetha, the minister of Water Resources and Meteorology, proposed that Japan assist in addressing the nation’s flooding and drought issues. ...

Chea Sokny
https://phnompenhpost.com/national/minister-asks-japan-flooding-support

Sokha calls for cheaper passports

New Minister of Interior Sar Sokha has requested that officials in his ministry examine the possibility of lowering the prices of Cambodian passports, noting that current prices are relatively high. Speaking to officials at the Ministry of Interior on September 4, Sokha said the move would ...

Orm Bunthoeurn and Kim Yutharo
https://phnompenhpost.com/national/sokha-calls-cheaper-passports

Ministry issue legal alert over deceptive online artefact ads

The Ministry of Culture and Fine Arts has issued a warning of legal action against traders and online sellers who use photos of Cambodian artefacts on social media to promote the sale of art objects. The use of photographs of ancient artefacts which have been ...

Chea Sokny
https://phnompenhpost.com/national/ministry-issue-legal-alert-over-deceptive-online-artefact-ads

Next minimum wage talks set for Sep 11

The National Council on Minimum Wage (NCMW) has set September 11 as the date for its next gathering to discuss setting the 2024 minimum income for workers in the textile, garment, footwear, travel goods and bag sectors. ...

Van Socheata
https://phnompenhpost.com/national/next-minimum-wage-talks-set-sep-11

Angkor park sees growth in foreign ticket sales of $23M from Jan-Aug

According to Angkor Enterprise, 498,513 foreign tourists visited the park, which is an increase of 350.9 per cent from the same period in 2022, pushing up ticket revenue by 420 per cent year-on-year to $23.1 million. ...

Hin Pisei
https://phnompenhpost.com/business/angkor-park-sees-growth-foreign-ticket-sales-23m-jan-aug

Japan policy dialogue set for November

Following a hiatus due to the Covid-19 pandemic, Cambodia and Japan are expected to hold their 14th policy consultation meeting in November, according to the Council for the Development of Cambodia (CDC). ...

Hin Pisei
https://www.phnompenhpost.com/business/japan-policy-dialogue-set-november

Online biz registrations surging

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging

Indian export limits open doors for Kingdom’s farmers

The Cambodia Rice Federation (CRF) has noted that restrictions on exports of various types of rice, including broken and white rice, as well as wheat and sugar from India, a leading global rice exporter, offer a potential opportunity for Cambodia. ...

Van Socheata
https://www.phnompenhpost.com/business/indian-export-limits-open-doors-kingdoms-farmers

Poipet officials take action to ensure roadside public safety

Following repeated non-compliance, officials in Banteay Meanchey province’s Poipet town have, to further ensure public safety, taken down stalls and billboards illegally constructed within five metres of main streets and National Road 5. ...

Kim Yutharo
https://www.phnompenhpost.com/national/poipet-officials-take-action-ensure-roadside-public-safety

Donor diversity powers Angkor Hospital for Children

In the first half of this year, Angkor Hospital for Children (AHC) in Siem Reap successfully raised approximately $4 million through local and international donations. ...

Long Kimmarita
https://www.phnompenhpost.com/national/donor-diversity-powers-angkor-hospital-children

Chuon Naron pledges to further education reforms

Minister of Education, Youth and Sport Hang Chuon Naron has reiterated the importance of developing Cambodia’s human resources, noting that the ministry remains committed to fostering cooperation with all relevant parties to hit the Kingdom’s educational reform targets. ...

Bor Pich Zelin
https://www.phnompenhpost.com/national/chuon-naron-pledges-further-education-reforms

Hun Sen to return to Facebook

Former Prime Minister Hun Sen will resume the use of his Facebook page, now renamed “Samdech Hun Sen of Cambodia”, after Facebook’s parent company Meta Platforms Inc declined the request of its Oversight Board to temporarily suspend the account over alleged breaches of its policies. ...

Long Kimmarita
https://www.phnompenhpost.com/national/hun-sen-return-facebook

First National Assembly Session successfully passes two agenda items

The new National Assembly (NA) of Cambodia held their first meeting on the morning of August 31, and successfully concluded two agenda items. ...

Long Kimmarita
https://www.phnompenhpost.com/national/first-national-assembly-session-successfully-passes-two-agenda-items

Online biz registrations surging

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging

Timor-Leste push rice MoU

Timor-Leste vows to expedite the Memorandum of Understanding which was signed with Cambodia on milled rice trade last year with the aim of boosting economic and trade relations between the two countries. ...

May Kunmakara
https://www.phnompenhpost.com/business/timor-leste-push-rice-mou

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