News

Serey: Central bank’s MoU with UnionPay not yuan agreement

National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...

Sok Raksa
https://www.phnompenhpost.com/business/serey-central-banks-mou-unionpay-not-yuan-agreement

H1 vehicle imports slow down by 20% on-year to $457M

Cambodia imported a total of $456.673 million worth of “rot’yon” -class automotive motor vehicles in the first half of 2023, down 19.90 per cent year-on-year from $570.099 million, according to the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/h1-vehicle-imports-slow-down-20-year-457m

SERC program allows creation of investor, trading accounts

The Securities and Exchange Commission of Cambodia (SERC) last week formally rolled out an online program simultaneously allowing interested individuals to open investor accounts with the government agency and set up trading accounts with the Cambodia Securities Exchange (CSX), according to CSX market operations director ...

May Kunmakara
https://www.phnompenhpost.com/business/serc-program-allows-creation-investor-trading-accounts

Central bank poised to auction off 90B riel on July 25

The National Bank of Cambodia (NBC) is set to hold its 134th liquidity-provided collateralised operation (LPCO) on July 25, making 90 billion riel ($22 million) available to local financial institutions in need of liquidity, through an auction to buy US dollars. ...

May Kunmakara
https://www.phnompenhpost.com/business/central-bank-poised-auction-90b-riel-july-25

Ministry, KOICA partner on tech skills

In a bold stride towards boosting the information and communication technology (ICT) skills of the Kingdom’s young population, the Ministry of Labour and Vocational Training and the Korea International Cooperation Agency (KOICA) have put pen to paper on a new agreement. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/ministry-koica-partner-tech-skills

Phnom Penh buses set to ‘streamline’ travel to polls

Khuong Sreng, the governor of Phnom Penh, announced that the municipal administration has organised approximately 350 city buses to assist in travel for the July 23 national elections. ...

Bor Pich Zelin
https://www.phnompenhpost.com/national/phnom-penh-buses-set-streamline-travel-polls

Tycoon’s son receives 6,234 hectares in Botum Sakor National Park

A company linked to the son of tycoon Ly Yong Phat received a 6,234 hectare concession inside Botum Sakor National Park, according to a January sub-decree signed by Prime Minister Hun Sen and published on Wednesday. ...

Eung Sea
https://cambojanews.com/tycoons-son-receives-6234-hectares-in-botum-sakor-national-park/

Probe on firm finds no proof of illegal logging

The National Committee for Forest Crime Prevention (NCFCP) ordered provincial officials yesterday to check a private company accused of illegally logging and transporting timber in Ratanakiri province. ...

Son Minea
https://www.khmertimeskh.com/501327133/probe-on-firm-finds-no-proof-of-illegal-logging/

Date set for next year’s Senate election

Election for the fifth Senate will be held on February 25, 2024, according to a decision taken by the government yesterday. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501327132/date-set-for-next-years-senate-election/

NEC logs over 250 international observers and special guests

The National Election Committee (NEC) yesterday closed its application for international groups and foreign embassies interested in observing the July 23 National Election, recording more than 250 international observers and special guests. ...

Ben Sokhean
https://www.khmertimeskh.com/501326996/nec-logs-over-250-international-observers-and-special-guests/

New Siem Reap airport to facilitate more direct flights

The Siem Reap Angkor International Airport (SAI) is set to begin its operation on October 16 and the new airport can receive huge aircraft from the United States and Europe, facilitating direct flights for international tourists visiting the Kingdom of Wonder, a press release by ...

Nhean Chamrong
https://www.khmertimeskh.com/501327204/new-siem-reap-airport-to-facilitate-more-direct-flights/

NEC ready for forthcoming General Election

Chairman of the National Election Committee (NEC) Prach Chan has affirmed the committee’s readiness for the National Election on July 23, 2023, in terms of materials and forces to ensure security, safey and public order during the election. ...

Khmer Times Staff
https://www.khmertimeskh.com/501327393/nec-ready-for-forthcoming-general-election/

Ministry of Posts and Telecommunications builds $30 million National Data Centre

Chea Vandeth, Minister of Posts and Telecommunications, on July 19, attended the ground-breaking ceremony for the construction of the National Dalta Centre worth nearly $30 million, scheduled for completion in 2025 designed to store national data. ...

Khmer Times Staff
https://www.khmertimeskh.com/501326950/ministry-of-posts-and-telecommunications-builds-30-million-national-data-centre/

TAFTAC calls for end to unsustainable wood used to power industry

The Textile, Apparel, Travel Goods Association of Cambodia (TAFTAC) has asked its members to avoid and reduce the effect resulting from the unsustainable use of wood and charcoal, acknowledging its impact on the environment. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/taftac-calls-for-end-to-unsustainable-wood-used-to-power-industry

MoC unveils law to protect real estate customers

The Ministry of Commerce (MoC) has made an announcement on the implementation of the Law on Consumer Protection and prakas on Unfair Contract Clauses to protect consumers in the real estate and housing sectors. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-moc-unveils-law-to-protect-real-estate-customers

Nearly one quarter of ruling CPP’s 125 candidates are related

Out of the ruling CPP’s 125 candidates for the national elections, at least 28 people — 22.4% — are related to someone else on the ballot, a review of the candidate list reveals. ...

Phon Sothyroth
https://cambojanews.com/nearly-one-quarter-of-ruling-cpps-125-candidates-are-related/

Aquaculturist Association asks China for support to elevate the sector

President of Cambodia Aquaculturist Association (CAA), Sok Raden, said the nation’s aquaculture sector faces challenges, including fish species and technical training. ...

Yatt Malai
https://kiripost.com/stories/aquaculturist-association-asks-china-for-support-to-elevate-the-sector

Seng Theary begins hunger strike, after UN declares her arbitrarily detained

Imprisoned activist Seng Theary began a 10 day hunger strike on Monday, less than a week after a United Nations report declared she was being detained in violation of international law and called for her release, her lawyer Jared Genser stated on Monday. ...

Jack Brook and Runn Sreydeth
https://cambojanews.com/seng-theary-begins-hunger-strike-after-un-declares-her-arbitrarily-detained/

New investment law offers attractive incentives for agriculture

Cambodia’s Investment Law heralds new opportunities for investors, offering generous incentives and a focus on diversified sectors. Agriculture takes center stage with attractive tax reliefs and a vision for climate-smart practices. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-new-investment-law-offers-attractive-incentives-for-agriculture

King calls on all eligible voters to go to the polls

The National Election Committee (NEC) on the morning of July 19, posted a message of His Majesty King Norodom Sihamoni, King of the Kingdom of Cambodia to all compatriots to exercise the right to vote freely according to their own conscience, who has confidence in ...

Khmer Times Staff
https://www.khmertimeskh.com/501326914/king-calls-on-all-eligible-voters-to-go-to-the-polls/

Drought conditions​ expected across the country

Cambodia may face drought conditions across the country due to below-average annual rainfall caused by El Nino. ...

Tith Kongnov
https://www.khmertimeskh.com/501326410/drought-conditions-expected-across-the-country/

Government shuts down misleading websites

The government has ordered internet service providers (ISPs) to block websites and social media accounts of nine domains representing at least three news outlets, claiming the organisations are spreading misleading information and discrediting the government. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501326261/government-shuts-down-misleading-websites/

UN official sees Cambodia’s plunged poverty rate as positive step towards LDC graduation

Cambodia’s remarkable decline in poverty rate is a positive step towards the Southeast Asian country’s graduation from the Least Developed Country (LDC) status, a United Nations official said on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501326643/un-official-sees-cambodias-plunged-poverty-rate-as-positive-step-towards-ldc-graduation/

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