Government
Policymakers push new laws to attract more foreign investment
Local policymakers are driving Cambodia’s regional geography, young population and low labour costs to attract more foreign direct investment (FDI) as the Kingdom releases its new five-year development plan for the garment industry. ...
Sorn Sarath
https://www.khmertimeskh.com/50751156/policymakers-push-new-laws-to-attract-more-foreign-investment/
Business owners embrace new online registration system
The number of companies registered via the government’s new online business registration system was confirmed as 287 as of July 29, while 323 companies are pending approval, according to data from the Ministry of Economy and Finance (MEF). ...
Sok Chan
https://www.khmertimeskh.com/50751123/business-owners-embrace-new-online-registration-system/
Gov’t extends tax holiday for tourism sector
The Cambodian government has announced two months more of tax exemptions for tourism-based businesses in the hope of easing the burden during the pandemic. The extension was announced during the fifth round of COVID-19 economic measures last week as the Ministry of Tourism begins developing ...
Sorn Sarath
https://www.khmertimeskh.com/50750936/govt-extends-tax-holiday-for-tourism-sector/
Gov’t continues out-of-work aid
The government has announced it will continue to provide out-of-work allowances to garment, footwear and hospitality workers for the next two months, amid the COVID-19 pandemic. ...
Sen David
https://www.khmertimeskh.com/50750933/govt-continues-out-of-work-aid/
Gov’t grants two-month extension of IDPoor aid scheme
The government-funded cash scheme launched to assist IDPoor households will be extended to two more months to ease difficulties faced amid the coronavirus pandemic. ...
Va Sonyka
https://www.khmertimeskh.com/50750698/govt-grants-two-month-extension-of-idpoor-aid-scheme/
Cambodia, Singapore strengthen intellectual property collaboration
Cambodia and Singapore have convened a meeting to further boost bilateral collaboration on the intellectual property sector. ...
Khmer Times Staff
https://www.khmertimeskh.com/50750830/cambodia-singapore-strengthen-intellectual-property-collaboration/
Two held for trafficking rosewood in Ratanakkiri
Ratanakkiri provincial officials on Sunday questioned two suspects at the provincial Forestry Administration headquarters in connection to the smuggling of more than five cubic metres of rosewood. Authorities arrested the two suspects – a man and a woman – on July 30 in Kon Mom ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/two-held-trafficking-rosewood-ratanakkiri
Cambodia, France discuss cooperation in combating counterfeit products
Cambodia and France have discussed cooperation in combatting falsified and substandard medical products and counterfeit products which are seriously harmful to health and social safety and pose a risk to families, communities and society. ...
Khmer Times Staff
https://www.khmertimeskh.com/50750101/cambodia-france-discuss-cooperation-in-combating-counterfeit-products/
Free trade agreement talks with Korea set to kick off on Thursday
Cambodia and South Korea will begin first-round negotiations on a bilateral free trade agreement (FTA) on Thursday, another step toward diversifying the Kingdom’s exports following the recent completion of FTA talks with China. ...
Thou Vireak
https://www.phnompenhpost.com/business/free-trade-agreement-talks-korea-set-kick-thursday
Kep’s tourism marketing plan on its way
Tourism marketing plan 2020-2024 is on its way to transform the coastal Kep province into an attractive high-end leisure destination in Cambodia. The optimism was floated following a meeting held in the provincial city yesterday to review the long-term marketing plan chaired by Som Piseth, ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50750089/keps-tourism-marketing-plan-on-its-way/
Draft digital policy speeding up
The government is speeding up its draft digital policy to adapt the economy to e-government. Minister of Post and Telecommunications Chea Vandeth was joined by the Ministry of Economy and Finance (MEF) Secretary of State Vongsey Vissoth to discuss the government’s digital policy concept note. ...
Sorn Sarath
https://www.khmertimeskh.com/50749967/draft-digital-policy-speeding-up/
Exports rise in value, lower imports
Cambodian total export values amounted to $5.9 billion, a year-on-year increase of 11.7 percent in the first five months of this year. The value of Cambodia’s total imports amounted to $8.1 billion, a decrease by 1 percent in the same period, compared with 2019, according ...
Sok Chan
https://www.khmertimeskh.com/50749966/exports-rise-in-value-lower-imports/
NBC head underscores value of women’s access to finance
Unlocking greater access to formal finance for Cambodian women will play a strategic role in the process of the Kingdom’s economic development, National Bank of Cambodia (NBC) director-general Chea Serey said on Monday. She said this at the Training on the Trainers (ToT) Programme on Financial ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-head-underscores-value-womens-access-finance
Red corn prices tumble as growers switch to cassava
The wholesale price of fresh red corn in northwestern Battambang province dipped more than seven per cent from the year-ago period as this year’s first harvest reached 30 per cent completion, provincial Department of Commerce director Kim Hout said. ...
Hin Pisei
https://www.phnompenhpost.com/business/red-corn-prices-tumble-growers-switch-cassava
Chinese loan to light up 133 villages in Cambodia
The Chinese government will provide $80 million in concessional loan to Cambodia for implementing the sub-transmission electrical line project to connect 133 villages in 14 provinces to the grid. The agreement on the sub-transmission electrical line project is among 8 prioritised agreements which will be ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50749640/chinese-loan-to-light-up-133-villages-in-cambodia/
Logistics sector seeks cash aid but ‘it’s not yet a priority’
The Kingdom’s transportation sector, one of the many industries hit hard by the virus outbreak, is seeking financial support from the government even though goods traffic via water is seeing a slight recovery this month. ...
Sorn Sarath
https://www.khmertimeskh.com/50749687/logistics-sector-seeks-cash-aid-but-its-not-yet-a-priority/
Work on new power line to start next year
The construction of a power transmission line connecting the Kingdom’s south to the border with Laos is expected to be started at least by next year, according to an official from the Ministry of Mines and Energy (MME). ...
Sorn Sarath
https://www.khmertimeskh.com/50749700/work-on-new-power-line-to-start-next-year/
Free trade deal with China finally finalised
Cambodia has listed around 340 more commodities to export to China under the Cambodia-China bilateral free-trade agreement (FTA), bringing the total to more than 10,000. Most of the products are in agriculture and agro-processing and are in addition to what Cambodia has received from the ...
Sok Chan
https://www.khmertimeskh.com/50749528/free-trade-deal-with-china-finally-finalised/
$28m allocated for round two of IDPoor scheme
The government has allocated $28 million to Wing agents nationwide to provide for the second round of payments for the equity card scheme, set to benefit some 610,000 poor and vulnerable families. ...
Khann Chanvirak
https://www.khmertimeskh.com/50749581/28m-allocated-for-round-two-of-idpoor-scheme/
Cambodia Angkor Air ready to take-off
Cambodia Angkor Air, the national flag carrier, says its business operations are optimistic and well prepared in terms of strengthening domestic flights and expanding international flights, according to its chairman. ...
Sok Chan
https://www.khmertimeskh.com/50749135/cambodia-angkor-air-ready-to-take-off/
SEARCA launches agricultural innovation plan
A regional centre of an inter-government treaty organisation focusing on agricultural research and education kicked off the implementation of its 11th five-year plan to push agricultural innovation in Southeast Asia, including Cambodia. ...
Nika/AKP
https://www.khmertimeskh.com/50749262/searca-launches-agricultural-innovation-plan/
Yellow bananas blossoming with Chinese investment
China has given the green light for five new companies to invest in Cambodia’s yellow banana plantations. Industry insiders said they are optimistic that yellow banana exports to that country will double in 2020. The approval of the five companies brings the total number of ...
Thou Vireak
https://www.phnompenhpost.com/business/yellow-bananas-blossoming-chinese-investment
E-Commerce Strategy finally incorporated
The Ministry of Commerce and relevant ministries have officially and collectively signed off the E-Commerce Strategy to bring the sector to a new level. According to Mr Sorasak, the strategy fits well with the on-going context of the Industrial Revolution 4.0 and will further boost ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50748715/e-commerce-strategy-finally-incorporated/
More than $23M handed out to poor
The Ministry of Social Affairs, Veterans and Youth Rehabilitation said on Saturday that it completed transferring more than $23 million to poor people, covering more than 530,000 households. ...
Niem Chheng
https://www.phnompenhpost.com/national/more-23m-handed-out-poor