Khmer Times

Cambodia records trade surplus with Vietnam

Cambodia has recorded a trade surplus with Vietnam in the first five months of 2024, making Vietnam the second biggest market for Cambodia’s products after the US. ...

Chea Vanyuth
https://www.khmertimeskh.com/501505080/cambodia-records-trade-surplus-with-vietnam/

Cambodia, Cuba vow to strengthen ties, broaden cooperation

The Cambodian Foreign Ministry said on Thursday that Cambodia and Cuba have vowed to strengthen ties and broaden cooperation through concrete actions under existing bilateral agreements. ...

Khmer Times Staff
https://www.khmertimeskh.com/501506036/cambodia-cuba-vow-to-strengthen-ties-broaden-cooperation/

Loan-to-deposit ratio normalising in 2024, say bankers

A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion.  ...

Rachel David
https://www.khmertimeskh.com/501505072/loan-to-deposit-ratio-normalising-in-2024-say-bankers/

Japan pledges to continue assistance to Cambodia

Heng Sour, Minister of Labour and Vocational Training of Cambodia met Miyazaki Masahisa, Minister of Labour and Welfare of the Kingdom of Japan in Geneva, Switzerland on Monday to discuss means to further strengthen the bilateral in the field of labour. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501505070/japan-pledges-to-continue-assistance-to-cambodia/

PM urges universities to boost research cooperation

PM Hun Manet is asking public and private universities to increase cooperation for joint research and mutual study visits with both national and international universities. ...

Torn Vibol
https://www.khmertimeskh.com/501505827/pm-urges-universities-to-boost-research-cooperation/

Increased iron, steel imports hint at construction sector revival

Cambodia imported iron and steel worth close to $168 million in the first four months of 2024, the General Department of Customs and Excise (GDCE) reported recently. ...

James Whitehead
https://www.khmertimeskh.com/501504480/increased-iron-steel-imports-hint-at-construction-sector-revival/

Red corn production soars to 1.7M tonnes, MAFF says

The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. ...

Mom Kunthear
https://www.khmertimeskh.com/501505078/red-corn-production-soars-to-1-7m-tonnes-maff-says/

ADB commits $1.26 bln to support Cambodia’s development for 5 years

The Asian Development Bank (ADB) announced in a news release on Wednesday that it has committed approximately $1.26 billion to support the Cambodian government from 2024 to 2028. ...

Khmer Times Staff
https://www.khmertimeskh.com/501505346/adb-commits-1-26-bln-to-support-cambodias-development-for-5-years/

Bicycle exports down 37 percent in Jan-May

Cambodia’s bicycle exports fell 37 percent year-on-year in the first five months this year, said a report of the General Department of Customs and Excise (GDCE). ...

Chea Vanyuth
https://www.khmertimeskh.com/501505084/bicycle-exports-down-37-percent-in-jan-may/

CCF to use education not fines for minor cases

The Consumer Protection Competition and Fraud Repression Directorate-General (CCF) has issued new guidelines directing officials to prioritise educational measures over penalties for minor offenses. ...

Hang Punreay
https://www.khmertimeskh.com/501504588/ccf-to-use-education-not-fines-for-minor-cases/

Banks projected to grow at 10 percent in 2024

Cambodian banks might see growth of around 10 percent in 2024, said bankers. Industry insiders say that the banking growth of the past of 20 percent is no longer possible. ...

Rachel David
https://www.khmertimeskh.com/501503722/banks-projected-to-grow-at-10-percent-in-2024/

‘Shortage of workforce afflicting hospitality industry’

The challenge of insufficient manpower was among the primary problems afflicting the hospitality industry in the Kingdom, a Tourism Ministry workshop under the Secretary of State of the ministry at a Phnom Penh hotel last week concluded. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501504410/shortage-of-workforce-afflicting-hospitality-industry/

PWSA profit rises 35.62% in Q1

Public-listed Phnom Penh Water Supply Authority (PWSA) recently declared a profit of KHR 52.09 billion ($12.59 million) for the first quarter (Q1) of 2024, a rise of 35.62 percent compared to the same period last year. ...

Manoj Mathew
https://www.khmertimeskh.com/501504460/pwsa-profit-rises-35-62-in-q1/

Government instructs relevant ministries to prepare flood risk map in 3 areas

Government instructs relevant ministries to prepare roadmap for flood risk in 3 areas for easy repair and restoration after floods receded in each area. ...

Hang Punreay
https://tinyurl.com/2ffpw8rr

250 community representatives participate in Sustainable Consumption and Production awareness campaign

Recently, approximately 250 community representatives, with women comprising 80% of the attendees, gathered at Sunway Hotel in Phnom Penh for the Sustainable Consumption and Production awareness campaign. ...

Khmer Times Staff
https://www.khmertimeskh.com/501502764/250-community-representatives-participate-in-sustainable-consumption-and-production-awareness-campaign/

Cambodia’s GFT exports jump 20.69 percent

The exports of garments, footwear and travel goods (GFT) rose by 20.69 percent in the first five months of this year, compared to the same period last year, earning the Kingdom $4.89 billion, according to the trade data released by the General Department of Customs ...

Manoj Mathew
https://www.khmertimeskh.com/501503732/cambodias-gft-exports-jump-20-69-percent/

Vietnam, Cambodia promote trade, investment activities

The Investment and Trade Promotion Center of Ho Chi Minh City hosted a seminar on investment promotion between Vietnam and Cambodia in 2024 on June 7. ...

Saigon News
https://www.khmertimeskh.com/501502736/vietnam-cambodia-promote-trade-investment-activities/

Tourism Minister touts master plan for Siem Reap tourism boost

Minister of Tourism Sok Soken visited the Siem Reap Provincial Department of Tourism on Saturday and discussed crucial aspects of the master plan for Tourism Development in Siem Reap Province 2021-2035. ...

Jigme Palden Pazo
https://www.khmertimeskh.com/501503069/tourism-minister-touts-master-plan-for-siem-reap-tourism-boost/

25 investment projects worth over $246 million approved by CDC in May

In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. ...

Khmer Times Staff
https://www.khmertimeskh.com/501503519/25-investment-projects-worth-over-246-million-approved-by-cdc-in-may/

Tax incentives offered for expansion of Qualified Investment Projects

In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. ...

James Whitehead
https://www.khmertimeskh.com/501501730/tax-incentives-offered-for-expansion-of-qualified-investment-projects/

Primary schools extend study day by 2 hours

With a view to boost the quality of public school education, the Ministry of Education, Youth and Sport is extending elementary school study time by two hours each day. ...

Torn Vibol
https://www.khmertimeskh.com/501501783/primary-schools-extend-study-day-by-2-hours/

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