News

Call to boost Cambodia, Malaysia economic ties

Senate President Hun Sen recently called for steps to further strengthen economic ties between Cambodia and Malaysia even as he expressed satisfaction with the growth of investment from Malaysia and the bilateral trade volume, especially Malaysia’s purchase of rice from Cambodia. ...

Mom Kunthea
https://www.khmertimeskh.com/501508286/call-to-boost-cambodia-malaysia-economic-ties/

Cambodia, Singapore vow to boost bilateral investment cooperation

Cambodia and Singapore are committed to fostering their cooperation in promoting bilateral investment by starting from priority areas for mutual socio-economic benefits. ...

Khmer Times Staff
https://www.khmertimeskh.com/501508571/cambodia-singapore-vow-to-boost-bilateral-investment-cooperation/

Cambodia, Singapore agree to promote stronger and more prosperous cooperation

The Prime Ministers of Cambodia and Singapore agreed to promote stronger and more prosperous cooperation. The agreement was reached during a bilateral meeting between Cambodian Prime Minister Hun Manet and Singaporean Prime Minister Lawrence Wong on June 18, 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501508575/cambodia-singapore-agree-to-promote-stronger-and-more-prosperous-cooperation/

Minister of Education supports TVET modernization

The Ministry of Education, Youth, and Sports supports the initiatives by the Ministry of Labour and Vocational Training to modernise the Technical and Vocational Education Training (TVET). ...

Khmer Times Staff
https://www.khmertimeskh.com/501508574/minister-of-education-supports-tvet-modernization/

Cambodia records trade surplus with Vietnam

Cambodia has recorded a trade surplus with Vietnam in the first five months of 2024, making Vietnam the second biggest market for Cambodia’s products after the US. ...

Chea Vanyuth
https://www.khmertimeskh.com/501505080/cambodia-records-trade-surplus-with-vietnam/

Cambodia, Cuba vow to strengthen ties, broaden cooperation

The Cambodian Foreign Ministry said on Thursday that Cambodia and Cuba have vowed to strengthen ties and broaden cooperation through concrete actions under existing bilateral agreements. ...

Khmer Times Staff
https://www.khmertimeskh.com/501506036/cambodia-cuba-vow-to-strengthen-ties-broaden-cooperation/

Loan-to-deposit ratio normalising in 2024, say bankers

A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion.  ...

Rachel David
https://www.khmertimeskh.com/501505072/loan-to-deposit-ratio-normalising-in-2024-say-bankers/

Japan pledges to continue assistance to Cambodia

Heng Sour, Minister of Labour and Vocational Training of Cambodia met Miyazaki Masahisa, Minister of Labour and Welfare of the Kingdom of Japan in Geneva, Switzerland on Monday to discuss means to further strengthen the bilateral in the field of labour. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501505070/japan-pledges-to-continue-assistance-to-cambodia/

ADB contributes $4.8 billion to Cambodia’s development since 1970

The Asian Development Bank (ADB) has provided approximately $4.8 billion for 207 development activities in Cambodia as of December 31, 2023, significantly contributing to the country’s socio-economic progress since its first loan in 1970. ...

Hong Raksmey
https://www.phnompenhpost.com/national/adb-contributes-4-8-billion-to-cambodia-s-development-since-1970

Environment ministry plans large-scale seedling nursery in Phnom Kulen National Park

The Ministry of Environment has finalised a feasibility study and plans to build a large-scale nursery in Preah Jayavarman-Norodom Phnom Kulen National Park, spanning three hectares, which can produce three million seedlings per year. ...

Phak Seangly
https://www.phnompenhpost.com/national/environment-ministry-plans-large-scale-seedling-nursery-in-phnom-kulen-national-park

Official: “No child labour found at brick kilns”

Prime Minister Hun Manet and many government ministries celebrated this year’s June 12 World Day Against Child Labour, held under the theme “Let’s act on our commitments: End Child Labour!” ...

Niem Chheng
https://www.phnompenhpost.com/national/official-no-child-labour-found-at-brick-kilns-

Mother Nature activists produce live podcast before hearing, urge court to summon founder to trial

Five environmental activists, charged with insulting the King and plotting against the government, produced a 30-minute podcast live on Facebook just before their third hearing to prove their innocence. ...

Khuon Narim and Seoung Nimol
https://cambojanews.com/mother-nature-activists-produce-live-podcast-before-hearing-urge-court-to-summon-founder-to-trial/

Increased iron, steel imports hint at construction sector revival

Cambodia imported iron and steel worth close to $168 million in the first four months of 2024, the General Department of Customs and Excise (GDCE) reported recently. ...

James Whitehead
https://www.khmertimeskh.com/501504480/increased-iron-steel-imports-hint-at-construction-sector-revival/

Red corn production soars to 1.7M tonnes, MAFF says

The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. ...

Mom Kunthear
https://www.khmertimeskh.com/501505078/red-corn-production-soars-to-1-7m-tonnes-maff-says/

ADB commits $1.26 bln to support Cambodia’s development for 5 years

The Asian Development Bank (ADB) announced in a news release on Wednesday that it has committed approximately $1.26 billion to support the Cambodian government from 2024 to 2028. ...

Khmer Times Staff
https://www.khmertimeskh.com/501505346/adb-commits-1-26-bln-to-support-cambodias-development-for-5-years/

Bicycle exports down 37 percent in Jan-May

Cambodia’s bicycle exports fell 37 percent year-on-year in the first five months this year, said a report of the General Department of Customs and Excise (GDCE). ...

Chea Vanyuth
https://www.khmertimeskh.com/501505084/bicycle-exports-down-37-percent-in-jan-may/

CCF to use education not fines for minor cases

The Consumer Protection Competition and Fraud Repression Directorate-General (CCF) has issued new guidelines directing officials to prioritise educational measures over penalties for minor offenses. ...

Hang Punreay
https://www.khmertimeskh.com/501504588/ccf-to-use-education-not-fines-for-minor-cases/

Banks projected to grow at 10 percent in 2024

Cambodian banks might see growth of around 10 percent in 2024, said bankers. Industry insiders say that the banking growth of the past of 20 percent is no longer possible. ...

Rachel David
https://www.khmertimeskh.com/501503722/banks-projected-to-grow-at-10-percent-in-2024/

‘Shortage of workforce afflicting hospitality industry’

The challenge of insufficient manpower was among the primary problems afflicting the hospitality industry in the Kingdom, a Tourism Ministry workshop under the Secretary of State of the ministry at a Phnom Penh hotel last week concluded. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501504410/shortage-of-workforce-afflicting-hospitality-industry/

PWSA profit rises 35.62% in Q1

Public-listed Phnom Penh Water Supply Authority (PWSA) recently declared a profit of KHR 52.09 billion ($12.59 million) for the first quarter (Q1) of 2024, a rise of 35.62 percent compared to the same period last year. ...

Manoj Mathew
https://www.khmertimeskh.com/501504460/pwsa-profit-rises-35-62-in-q1/

Kantha Bopha raise $1.3M in first 11 days of fundraising drive

The Cambodia Kantha Bopha Foundation (CKBF) received over $1.3 million in donations from more than 130,000 philanthropists in the first eleven days of its “10,000 Riel 10,000 Donors” campaign, which aims to help provide free medical treatment to Cambodian children. ...

Ry Sochan
https://www.phnompenhpost.com/national/kantha-bopha-raise-1-3m-in-first-11-days-of-fundraising-drive

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