Government
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
Cambodia and Thailand to promote joint research
Cambodia and Thailand have agreed to promote joint researches between both countries to enrich think tank and scholar networking. ...
Phal Sophanith
https://www.khmertimeskh.com/50748581/cambodia-and-thailand-to-promote-joint-research/
‘Free-trade agreements the future’
Having a free-trade agreement (FTA) with more trade partners would help mitigate the Kingdom’s loss from the European Union’s partial withdrawal of the Everything- but-Arms (EBA) trade status in the future because the country has already completed one with China. ...
Sorn Sarath
https://www.khmertimeskh.com/50748810/free-trade-agreements-the-future/
Cambodia-U.S. trade Up 18 percent in first five months
Bilateral trade between Cambodia and the U.S. was recorded at $2,488.3 billion in the first five months of this year, a year-on-year increase of 18 percent. Statistics from the U.S. Census Bureau, from January to May, the Kingdom exported $2,363 million worth of products to ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50748234/cambodia-u-s-trade-up-18-percent-in-first-five-months/
France provides $1.7million for Cambodia’s tourism sector
The French government, through the French Agency for Development (AFD), has provided a grant of 1.5 million euro ($ 1.7 million) to help restore Cambodia’s post-Covid-19 tourism sector, according to the Ministry of Tourism. ...
Khmer Times Staff
https://www.khmertimeskh.com/50748433/france-provides-1-7million-for-cambodias-tourism-sector/
Local mobile applications expanding in all directions
The importance of apps in Cambodia is becoming more and more prevalent. The Ministry of Education, Youth and Sport (MoEYS) and the Ministry of Posts and Telecommunications (MPTC) announced last week the news of them building a new distance education app in partnership with mobile ...
Jason Boken
https://www.khmertimeskh.com/50748317/local-mobile-applications-expanding-in-all-directions/
Growing the farming industry
The government has taken the opportunity of the COVID-19 crisis to develop agriculture, while the garment and tourism industries, which are the Kingdom’s economic pillars have been hit hard by the pandemic. ...
Sorn Sarath
https://www.khmertimeskh.com/50748314/growing-the-farming-industry/
Credit guarantee system approved in principle
MINISTER of Economy and Finance Aun Pornmoniroth approved in principle the concept of strategic framework for establishing the Credit Guarantee Corp Cambodia, according to a statement from the Ministry of Economy and Finance (MEF). ...
Sok Chan
https://www.khmertimeskh.com/50748173/credit-guarantee-system-approved-in-principle/