The Phnom Penh Post

Ministry: Arrivals of foreign tourists soar in ‘23

The Ministry of Tourism reported a surge in foreign tourist arrivals in Cambodia for the first eight months of 2023. Over 3.5 million international visitors were recorded, marking a 250.8 per cent increase compared to the same period last year. A significant 84.7 per cent ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-arrivals-foreign-tourists-soar-23

MRC advances fund for climate-hit residents

The Mekong River Commission (MRC) took an important step towards creating a fund to aid residents most affected by climate change, combined with water infrastructure development, at the 56th meeting of the MRC joint committee in the Laotian capital Vientiane, on September 27. ...

Ry Sochan
https://www.phnompenhpost.com/national/mrc-advances-fund-climate-hit-residents

Employers praise minimum wage negotiations, unions raise concerns

Following the labour ministry’s announcement of a 2024 minimum wage set at $204 per month, the employers’ association has voiced their support, while trade union representatives and civil society organisations (CSOs) expressed their disappointment. ...

Van Socheata
https://www.phnompenhpost.com/national/employers-praise-minimum-wage-negotiations-unions-raise-concerns

US ambassador pledges tighter information links with Kingdom

US ambassador to Cambodia W Patrick Murphy October 2 met for talks with Minister of Information Neth Pheaktra, with both sides committing to strengthen cooperation in the information sector in the interests of both nations. ...

Ry Sochan
https://www.phnompenhpost.com/national/us-ambassador-pledges-tighter-information-links-kingdom

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. ...

May Kunmakara
https://www.phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

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

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