Government
Cambodia exports more than 1.5 million bicycles in first nine months
Over 1.5 million units of Cambodian bicycles have been exported to foreign markets as of the third quarter of this year, generating nearly $400 million, according to figures from the Ministry of Commerce. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50779897/cambodia-exports-more-than-1-5-million-bicycles-in-first-nine-months/
Kingdom and Hungary pledge more trade
Cambodia- and Hungary have pledged to boost economic and trade cooperation especially in the agriculture sector development. In the past bilateral trade between the two countries has been relatively small. ...
Sorn Sarath
https://www.khmertimeskh.com/50779984/kingdom-and-hungary-pledge-more-trade/
Hungary reopens embassy office in Cambodia after 25 years
Hungary has officially reopened its Embassy office in the Kingdom after 25 years of closure in a bid to boost cooperation and ties between the two countries. ...
Ry Sochan
https://www.khmertimeskh.com/50779350/hungary-reopens-embassy-office-in-cambodia-after-25-years/
Education ministry’s reform strategies to improve the quality of teachers
While celebrating this year’s World Teachers’ Day on October 5, the Ministry of Education, Youth and Sport (MoEYS) offered its gratitude and sincere thanks to all teachers in Cambodia and beyond for their efforts in enhancing the quality of education for all students. ...
Post Staff
https://www.phnompenhpost.com/national/education-ministrys-reform-strategies-improve-quality-teachers
Ministry rejects NGOs claim of media oppression
The Ministry of Information issued a statement yesterday to address the concerns of Non-Governmental Organisations (NGOs) regarding press freedom in Cambodia, saying they are trying to mislead the public. ...
Sen David
https://www.khmertimeskh.com/50779352/ministry-rejects-ngos-claim-of-media-oppression/
Cambodia, Laos discuss education cooperation
The Kingdom of Cambodia and the Lao People’s Democratic Republic have discussed their cooperation in the field of education. ...
Khmer Times Staff
https://www.khmertimeskh.com/50778958/cambodia-laos-discuss-education-cooperation/
IMF urges closer cooperation between statistics agencies in Cambodia
The International Monetary Fund (IMF) says closer cooperation between statistics-producing agencies in Cambodia is “essential” to improve the quality of macroeconomic statistics. ...
Sao Da/AKP
https://www.khmertimeskh.com/50778524/imf-urges-closer-cooperation-between-statistics-agencies-in-cambodia/
Cambodia’s rubber export up 21 per cent in first 9 months
Cambodia exported 209,819 tons of dry rubber in the first nine months of 2020, up 21 percent compared to the same period last year, said a General Directorate of Rubber report. ...
Xinhua
https://www.khmertimeskh.com/50778141/cambodias-rubber-export-up-21-per-cent-in-first-9-months/
Nearly 1 million tonnes of milled rice exported to China by Q3
Cambodia has exported nearly 1 million tonnes of milled rice as of the third quarter of 2020, and the figure could reach 1.2 million tonnes in a near future. The record was revealed on Tuesday by the Cambodia Rice Federation, underlining that the export followed ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50778347/nearly-1-million-tonnes-of-milled-rice-exported-to-china-by-q3/
New investment law to be finalised in November
The Kingdom’s new draft law on investment is scheduled to be finalised by the end of November this year. It will help to drive the economic recovery in the context of COVID-19, according to the Ministry of Economy and Finance (MEF). ...
Sorn Sarath
https://www.khmertimeskh.com/50778372/new-investment-law-to-be-finanlised-in-november/
MFI credit risk relatively low, NBC’s Serey says
On the basis that non-performing loans stood around 2.3 percent as of August 31, 2020, credit risk in the microfinance sector remains relatively low, said National Bank of Cambodia assistant governor and director-general Chea Serey. ...
Sangeetha Amarthalingam
https://www.phnompenhpost.com/business/mfi-credit-risk-relatively-low-nbcs-serey-says
$400 million transmission line to bring in Laos, Thailand power
The construction of a combined more-than $400 million power transmission line connecting Cambodia to Laos and the Thai border will start next year, according to an official from the Ministry of Mines and Energy (MME). ...
Sorn Sarath
https://www.khmertimeskh.com/50777612/400-million-transmission-line-to-bring-in-laos-thailand-power/
Cambodia expects to be landmine-free within 5 years
The Cambodian government will deploy 2,000 soldiers to train as deminers after Western nations, led by the United States, bolstered efforts to rid the country of landmines and other unexploded ordnance by 2025. ...
Luke Hunt
https://www.voacambodia.com/a/5635885.html
Fiscal revenue growth revised down
The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3 percent of gross domestic product (GDP), down from the planned 0.5 percent increases as outlined in the original Revenue Mobilisation Strategy 2019-2023. ...
Harrison White
https://www.khmertimeskh.com/50777271/fiscal-revenue-growth-revised-down/
2021 draft budget sees a half billion reduction
The Royal Government of Cambodia, through the Council of Ministers, has approved a draft annual budget of approximately $7.62 billion for the year 2021. The approval was made during a cabinet meeting held last Friday, chaired by Prime Minister Hun Sen. ...
Harrison White
https://www.khmertimeskh.com/50776654/2021-draft-budget-sees-a-half-billion-reduction/
Cambodia continues to draw FDI despite loss of EBA with another four investment projects worth $37.6 million
The Council for the Development of Cambodia (CDC) has given the green light to four more investment projects with a total investment capital of $37.6 million. According to the council’s press release issued Friday, the projects newly approved are expected to create some 6,338 jobs ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50776597/cambodia-continues-to-draw-fdi-despite-loss-of-eba-with-another-four-investment-projects-worth-37-6-million/
Minister reassures Cambodia’s response to COVID-19 fallouts
Vongsey Vissoth has reiterated the Royal Government of Cambodia’s promising response to the fallouts of the COVID-19. National budget has been reprioritised to allocate about $1 billion to address the emergency areas. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50776547/minister-reassures-cambodias-response-to-covid-19-fallouts/
Government to increase cash for Labour to $160 million
The Royal Government has decided to increase the budget for Cash for Labour from $100 million to $160 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/50776562/government-to-increase-cash-for-labour-to-160-million/
Government allocates over $31 million more for IDPoor scheme
The government has deposited more than $31 million to Wing agents nationwide to provide for the third round of payments for the IDPoor equity card scheme, set to benefit nearly 700,000 poor and vulnerable families, equivalent to 2.8 million people. ...
https://www.khmertimeskh.com/50776774/government-allocates-over-31-million-more-for-idpoor-scheme/
https://www.khmertimeskh.com/50776774/government-allocates-over-31-million-more-for-idpoor-scheme/
Free-trade deals ‘not necessarily good’
Having more free trade agreements with partner countries is a good deal for Cambodia that currently gets its biggest advantage from trade preferences under its Least Developed Country status. ...
Sorn Sarath
https://www.khmertimeskh.com/50776237/free-trade-deals-not-necessarily-good/
Capital gains tax delayed to 2022
The government has decided to delay the implementation of capital gains tax to Jan 1, 2022, according to a statement from the General Department of Taxation (GDT). ...
Sok Chan
https://www.khmertimeskh.com/50776024/capital-gains-tax-delayed-to-2022/
Kingdom signs deal with US on patents
Cambodia and the US have signed a memorandum of understanding (MoU) on patent cooperation, the move that will accelerate the bilateral trade between the two countries, according to the Ministry of Industry, Science, Technology and Innovation (MISTI). ...
Sorn Sarath
https://www.khmertimeskh.com/50776238/kingdom-signs-deal-with-us-on-patents/
More than 250,000 new voters registered
The National Election Committee (NEC) has seen an increase in new voters registering this year in comparison to last year. ...
Ry Sochan
https://www.khmertimeskh.com/50774600/more-than-250000-new-voters-registered/
NBC auctions $50 million
The National Bank of Cambodia (NBC) has announced a $50 million auction this week to stabilise the local currency exchange rate in the market. The NBC has informed banks, microfinance institutions (MFIs) and licensed money exchangers that the minimum rate for auction will be announced ...
Sorn Sarath
https://www.khmertimeskh.com/50775257/nbc-auctions-50-million/