News

Key lenders agree to ease loan terms for flood victims

Members of Cambodia’s apex bodies of the banking and microfinance industries have agreed to ease restrictions on loan repayments, reduce interest rates, as well as restructure loans for customers deemed to be significantly affected by the heavy rains and floods that have swept the Kingdom ...

May Kunmakara
https://www.phnompenhpost.com/business/key-lenders-agree-ease-loan-terms-flood-victims

Finance minister asking Booyoung Group of S Korea for fintech boost

The finance minister has asked South Korea’s Booyoung Group to invest more in the Cambodian financial-technology (fintech) market, which has seen remarkable growth during Covid-19, as the company’s chairman revealed preliminary plans for a university in the Kingdom focused on fintech and taxation. ...

May Kunmakara
https://www.phnompenhpost.com/business/finance-minister-asking-booyoung-group-s-korea-fintech-boost

New S Reap airport 44% done, still set to open in Oct 2023

Siem Reap-Angkor International Airport is still on track to open in October 2023, with work on Phase I reaching 44 per cent as of end-September, according to a senior civil aviation official. ...

Hin Pisei
https://www.phnompenhpost.com/business/new-s-reap-airport-44-done-still-set-open-oct-2023

PPAP revenue jumps 21 percent in three quarter period

Local publicly-listed river port operator, Phnom Penh Autonomous Port (PPAP) reported a revenue of over $30.3 million during the January-September period of 2022, a 21 percent year-on-year compared to the same period in 2020. ...

Khmer Times Staff
https://www.khmertimeskh.com/501171763/ppap-revenue-jumps-21-percent-in-three-quarter-period/

Vietnam, Cambodia enhance military relations

Permanent member of the Central Military Commission and Deputy Minister of National Defence Sen. Lieut. Gen Vu Minh Luong paid a courtesy call to Cambodian Deputy Prime Minister and Minister of National Defence Gen. Tea Banh in Phnom Penh on October 19. ...

Khmer Times Staff
https://www.khmertimeskh.com/501171749/vietnam-cambodia-enhance-military-relations-2/

Cambodia seeks more Korean funds in textiles

As part of the process to strengthen and widen the base of the economy as the country has entered the fourth quarter of 2022, the Government of Cambodia is seeking to tick all the right boxes, and it includes tourism, textiles exports as well as ...

Khmer Times Staff
https://www.khmertimeskh.com/501171566/cambodia-seeks-more-korean-funds-in-textiles/

Five provinces to declare mine-free not later than March 2023

Takeo, Kampong Chhnang, Kampong Cham, Kampot and Svay Rieng are expected to become mine-free provinces not later than March 2023. ...

Khmer Times Staff
https://www.khmertimeskh.com/501171771/five-provinces-to-declare-mine-free-not-later-than-march-2023/

MFIs agree to loan repayment relief for borrowers hit by flooding

Financial institutions said on Wednesday that they will provide favorable easing to customers who have been affected by severe floods, following an appeal by Prime Minister Hun Sen. ...

Chhorn Raksmey
https://kiripost.com/stories/mfis-agree-to-loan-repayment-relief-for-borrowers-hit-by-flooding

Phnom Penh port sees 30% jump in Jan-Sept container throughput

Public listed Phnom Penh Autonomous Port (PPAP) recorded a 30 percent year-on-year jump in container throughput at 329,043 TEUs (twenty-foot equivalent unit) in the first nine months ended Sept 30, 2022 compared to 256,407 TEUs. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/phnom-penh-port-sees-30-jump-in-jan-sept-container-throughput

MFIs urged to help ease flood victims' financial burden

Prime minister Hun Sen on Monday called on all microfinance institutions (MFIs) to throw a financial lifeline to people affected by flooding and defer loan repayments and ease interest rates. ...

Chhorn Raksmey
https://kiripost.com/stories/mfis-urged-to-help-ease-flood-victims-financial-burden

PM orders end to Battambang-Pailin boundary dispute

Prime Minister Hun Sen has given the governors of Battambang and Pailin provinces two weeks to resolve the boundaries issue between the two, in order to make it easier for people to manage land ownership and register to vote. ...

Voun Dara
https://www.phnompenhpost.com/national/pm-orders-end-battambang-pailin-boundary-dispute

Single Portal logs 3.8K firms in 125 days

A total of 3,789 businesses were successfully registered on the Online Business Registration Platform, also known as the “Single Portal”, in the 125 days to October 17, bringing the cumulative figure to 18,465, according to the Online Business Registration Service, the competent government agency. ...

Hin Pisei
https://www.phnompenhpost.com/business/single-portal-logs-38k-firms-125-days

AI tool to map Cambodia's vulnerabilities

The United Nations Development Programme (UNDP) has launched an Artificial Intelligence-based (AI) tool to map vulnerabilities in Cambodia and accelerate poverty reduction and the achievement of the Sustainable Development Goals (SDGs). ...

Prak Chan Thul
https://kiripost.com/stories/ai-tool-to-map-cambodias-vulnerabilities

Opportunity of AI and E-governance to advance the right to access information discussed

Cambodian experts, academia, government, civil society, private sector and youth discussed how AI and e-Government interact with the right to Access Information, in a recent seminar organised by UNECO and the Cambodia Academy of Digital Technology (CADT). ...

Khmer Times Staff
https://www.khmertimeskh.com/501170980/opportunity-of-ai-and-e-governance-to-advance-the-right-to-access-information-discussed/

Cambodia, Germany to hold political dialogue on development cooperation

The Political Dialogue on Development Cooperation between the Royal Government of Cambodia (RGC) and the Government of the Federal Republic of Germany will be held on October 19-20, 2022. ...

Khmer Times Staff
https://www.khmertimeskh.com/501170987/cambodia-germany-to-hold-political-dialogue-on-development-cooperation/

Cambodia urges initiatives to support SMEs and informal economy

Cambodia Minister of Labour and Vocational Training Ith Samheng has called on more initiatives to improve working conditions for workers in small and medium enterprises and informal economy in ASEAN and ASEAN partner countries. ...

Khmer Times Staff
https://www.khmertimeskh.com/501170973/cambodia-urges-initiatives-to-support-smes-and-informal-economy/

NBC asks financial institutions to be flexible with flood affected borrowers

The National Bank of Cambodia has asked financial institutions to implement flexible measures for borrowers who have been affected by flood, in a bid to ease the burden on financial flow and contribute to restoring families’ economic standards. ...

Chea Vanyuth
https://www.khmertimeskh.com/501170557/nbc-asks-financial-institutions-to-be-flexible-with-flood-affected-borrowers/

Minister to kids: Study digital technology skills

The Minister of Posts and Telecommunications Chea Vandeth issued a formal letter on October 18 appealing to students who are taking the upcoming high school diploma exam to focus on learning digital skills. ...

Vann Sak
https://www.phnompenhpost.com/national/minister-kids-study-digital-technology-skills

Government cuts 67 hectares of Boeung Ta Mok to a director of a real estate company

The government, through a sub-decree, cut off 67 hectares of Boeung Ta Mok in Phnom Penh to a businessman who have ties to Prim Minister Hun Sen’s daughter. ...

Mech Dara
https://www.vodkhmer.news/2022/10/18/orkide-director-gets-67-hectares-on-boeng-tamok/

Thai law enforcement worries migrants

Some Cambodian migrant workers currently employed in Thailand are worried about an apparent tightening of labour law enforcement after some Thai companies were found to have brought workers there without proper documents, according to a prominent NGO working with the migrants in the neighbouring country. ...

Lay Samean and Chea Sokny
https://www.phnompenhpost.com/national/thai-law-enforcement-worries-migrants

Koh Kong residents ask government to expedite land settlement as authorities accuse them of entering the protected land

Residents in Botum Sakor district, Koh Kong province, ask the government to intervene with the  authorities to expedite the resolution of land disputes as soon as possible and transparently as the authorities accused them of illegally entering the Botum Sakor National Park. ...

Nat Sopheap
https://www.vodkhmer.news/2022/10/18/koh-kong-residents-ask-government-to-expedite-land-settlement/

Tina vows to ease farmers’ woes as new agri minister

Newly-appointed Minister of Agriculture, Forestry and Fisheries Dith Tina said he is committed to solving the challenges faced by all Cambodian farmers, especially those affected by floods, and that his main priority will be promoting their livelihoods.​ ...

Ry Sochan
https://www.phnompenhpost.com/national/tina-vows-ease-farmers-woes-new-agri-minister

Justice ministry plans launch of expert mediator unit next year

The Ministry of Justice plans to establish an expert unit to resolve disputes out of court, focusing on civil and minor misdemeanour cases in a bid to minimise case backlog, improve access to judicial services for the average persons, and create a culture of understanding ...

Samban Chandara
https://www.phnompenhpost.com/national/justice-ministry-plans-launch-expert-mediator-unit-next-year

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