The Phnom Penh Post

Nearly $1B concessional loans disbursed in H1

The government has disbursed $913.8 million concessional loans in the first half of 2023, which is an increase of 11 per cent compared to the same period in 2022, the Ministry of Economy and Finance announced. ...

Hin Pisei
https://www.phnompenhpost.com/business/nearly-1b-concessional-loans-disbursed-h1

Economic crisis sees latex exports fall 10% in first eight months

The global economic crisis has reduced Cambodia’s latex export earnings to $273.4 million in the first eight months of 2023, according to the Ministry of Agriculture, Forestry and Fisheries’ General Department of Rubber (GDR). ...

Hin Pisei
https://www.phnompenhpost.com/business/economic-crisis-sees-latex-exports-fall-10-first-eight-months

ECCC launch resource centre, video campaign set to kick off

The Extraordinary Chambers in the Courts of Cambodia (ECCC), commonly known as the Khmer Rouge tribunal, inaugurated a purpose-built resource centre on September 27. ...

Neang Sokunthea
https://www.phnompenhpost.com/national-kr-tribunal/eccc-launch-resource-centre-video-campaign-set-kick

Minimum wage set at $204, after Sep 28 vote

The minimum wage for factory workers in the garment, footwear and travel goods industries for 2024 has been decided at $204 per month, with the government contributing $2. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/minimum-wage-set-204-after-sep-28-vote

Thavisin touches down in Phnom Penh for first official visit to an ASEAN member state

Thailand’s newly appointed prime minister Srettha Thavisin has arrived in Cambodia for a one-day visit. The trip marks his first visit to an ASEAN country since taking office and aims to enhance bilateral trade and investment. ...

Post Staff
https://www.phnompenhpost.com/national/thavisin-touches-down-phnom-penh-first-official-visit-asean-member-state

Nigerian law enforcement MoU review accelerating

The Ministry of Interior is in the process of reviewing a draft memorandum of understanding (MoU) which focuses on law enforcement cooperation with its Nigerian counterparts. ...

Samban Chandara
https://www.phnompenhpost.com/national/nigerian-law-enforcement-mou-review-accelerating

Prayer ceremony scheduled at Koh Ker site to mark UNESCO addition

A national prayer ceremony is set to take place at the Koh Ker temple complex to mark the recent inscription of the archaeological site in UNESCO’s World Heritage List, according to the National Authority for Preah Vihear (NAPV). ...

Kim Yutharo
https://www.phnompenhpost.com/national/prayer-ceremony-scheduled-koh-ker-site-mark-unesco-addition

‘Build Plus 3D’ tourism action plan highlights five strategies to revive sector

Newly-minted Minister of Tourism Sok Soken is implementing a new tourism strategy and action plan called “BUILD Plus 3Ds” to propel tourism development in Cambodia after being hit hard by Covid-19, and further compounded by the ongoing Russia-Ukraine war, which is impacting travel expenditure. ...

May Kunmakara
https://www.phnompenhpost.com/business/build-plus-3d-tourism-action-plan-highlights-five-strategies-revive-sector

New investment law entices Hong Kong investors

Hong Kong investors are keen to explore investment opportunities in Cambodia and have pledged to introduce business potentials created by Cambodia’s new investment law and its sub-decrees to their colleagues back home. ...

Hin Pisei
https://www.phnompenhpost.com/business/new-investment-law-entices-hong-kong-investors

Eight more schools to adopt NGS curriculum

A senior education official has announced plans to introduce the New Generation School (NGS) curriculum in eight additional public schools across Phnom Penh and various provinces thanks to a partnership with the East Asia Management University (EAMU). ...

Van Socheata
https://www.phnompenhpost.com/national/eight-more-schools-adopt-ngs-curriculum

Ministry renew pledge with Wildlife Alliance on environment policy

The Ministry of Environment and Wildlife Alliance have reaffirmed their commitment to intensify collaborations, working towards bolstering environmental protection through the implementation of a circular strategy. ...

Bor Pich Zelin
https://www.phnompenhpost.com/national/ministry-renew-pledge-wildlife-alliance-environment-policy

ADB lends $140M for labour development

Cambodia has received $140 million in loans from the Asian Development Bank (ADB) to boost labour development to transform the country into a technology-driven, knowledge-based industrial economy while enhancing public service delivery by local administrations through public finance and decentralisation reforms. ...

May Kunmakara
https://www.phnompenhpost.com/business/adb-lends-140m-labour-development/

Success of live lobster exports sparks market enthusiam in China

A Cambodian firm intends to export more than 1,000kg of live lobsters to China, after its previous test runs proved the product had garnered “substantial market support”. ...

Van Socheata
https://www.phnompenhpost.com/business/success-live-lobster-exports-sparks-market-enthusiam-china

Increased loan access for SMEs

Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...

May Kunmakara
https://www.phnompenhpost.com/business/increased-loan-access-smes

Protecting against investment fraud in the securities sector

The SERC was established on October 19, 2007 under “Preah Reach Kram No. NS/RKM/1007/028”, which promulgated the “Law on the Issuance and Trading of Non-Government Securities”, as the sole authority to regulate, monitor and develop the securities sector in the Kingdom. ...

Post Staff
https://www.phnompenhpost.com/banking-securities-business/protecting-against-investment-fraud-securities-sector

Pepper exports decline 30% Jan-Aug

Cambodia has experienced a 30 per cent decline in pepper exports in the first eight months of 2023, exporting over 5,000 tonnes, compared to the same period in 2022, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Van Socheata
https://www.phnompenhpost.com/national/pepper-exports-decline-30-jan-aug

Illegal logging claims in Preah Vihear sanctuary denied

Local authorities have refuted claims by a Kuy ethnic minority group in Preah Vihear province that forest crimes persisted in Preah Roka Wildlife Sanctuary. ...

Chea Sokny
https://www.phnompenhpost.com/national/illegal-logging-claims-preah-vihear-sanctuary-denied

RAC announce launch of modernised Khmer dictionary

The National Council for Khmer Language (NCKL) has announced the publication of an updated Khmer dictionary. Available in both book form and a digital format that can be used on mobile phones and computers, the compiling of the dictionary was completed last year. ...

Kim Yutharo
https://www.phnompenhpost.com/national/rac-announce-launch-modernised-khmer-dictionary

Australia partners agri-food strategy

Cambodia and Australia inaugurated a new Food Innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...

Sok Raksa
https://www.phnompenhpost.com/business/australia-partners-agri-food-strategy

NSSF access jumps more than 80%

The number of people accessing healthcare services at local health facilities through the National Social Security Fund (NSSF) increased by more than 80 per cent in the first six months of 2023, if compared with the same period last year, officials said. ...

Long Kimmarita
https://www.phnompenhpost.com/national/nssf-access-jumps-more-80

Manet highlights importance of moral education from young age

The education system in Cambodia should not only provide knowledge but also impart virtues, morality and positive behaviour starting from kindergarten, said Prime Minister Hun Manet. ...

Kim Yutharo
https://www.phnompenhpost.com/national/manet-highlights-importance-moral-education-young-age

Ministry intensifying efforts in fight against child labour

The Ministry of Labour and Vocational Training is intensifying its efforts to disseminate labour laws and legal documents related to child employment across Cambodia, with an emphasis on five provinces. ...

Chea Sokny
https://www.phnompenhpost.com/national/ministry-intensifying-efforts-fight-against-child-labour

CDC encourages investment from Islam World members

Sun Chanthol, first vice-president of the Council of the Development of Cambodia (CDC), encouraged entrepreneur members of the Malay World Islam World (DMDI) to consider investing in the Kingdom, highlighting the many incentives in place to reward economic opportunities in the country. ...

Van Socheata
https://www.phnompenhpost.com/business/cdc-encourages-investment-islam-world-members

UK investment, exports set to grow

Recently-appointed UK Prime Minister’s Trade Envoy to Cambodia and Laos Heather Wheeler is looking to expand trade and investment with Cambodia as the two countries celebrate 70 years of diplomatic relations. ...

May Kunmakara
https://www.phnompenhpost.com/business/uk-investment-exports-set-grow

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