News

Thousands of students benefit from school meals programme

An Education Ministry statement yesterday said the government, with support from the UN World Food Programme and development partners, implemented the school feeding programme in 1,167 primary schools through which 260,000 children received breakfast, about 8,000 children got funds to buy food and about 5,000 ...

Pech Sotheary
https://www.khmertimeskh.com/50666011/thousands-of-students-benefit-from-school-meals-programme/

Mekong countries agree to strengthen tourism cooperation

Greater Mekong Subregion (GMS) countries have agreed to boost tourism cooperation, including improving infrastructure and marketing techniques and developing human resources. During the 44th GMS Tourism Working Group Meeting, held last week in Siem Reap, the six countries that form GMS signed an agreement to ...

Sok Chan
https://www.khmertimeskh.com/50665908/mekong-countries-agree-to-strengthen-tourism-cooperation/

Cambodia and Germany sign two cooperative financing agreements

Minister of Economy and Finance Aun Porn Moniroth and German ambassador to Cambodia Christian Berger on Thursday signed two cooperative financing agreements worth 67.1 million euros, equivalent to $74 million. ...

Taing Vida
https://www.khmertimeskh.com/50665702/cambodia-and-germany-sign-two-cooperative-financing-agreements/

Couple gets seven years in prison for land fraud scheme

The Phnom Penh Municipal Court on Thursday sentenced a couple to seven years in prison for commiting land fraud in 2015. Siek Leng and Chan Boramey were found guilty of forging public documents, fraud and using fake public documents under Articles 629, 630 and 377 of ...

Kim Sarom
https://www.phnompenhpost.com/national/couple-gets-seven-years-prison-land-fraud-scheme

CSX trade volume plummets 92 per cent in third quarter

Trade volume at the nascent Cambodia Securities Exchange (CSX) in the third quarter of this year was down 92.1 per cent on the second, the Securities Exchange Commission of Cambodia (SECC) Securities Trading Statistical Bulletin said on Tuesday. ...

May Kunmakara
https://www.phnompenhpost.com/business/csx-trade-volume-plummets-92-cent-third-quarter

Casino investment boosts Kingdom’s construction sector

Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...

Thou Vireak
https://www.phnompenhpost.com/business/casino-investment-boosts-kingdoms-construction-sector

World Bank reports strong export growth, warns of potential ‘EBA’ withdrawal

The World Bank on Wednesday released an update to the biannual “Cambodia Economic Update”, which showed that the economy grew by 7.5 percent in 2018, but could drop to 7 percent this year. The updated growth numbers are the same as the ones released in ...

Hul Reaksmey
https://www.voacambodia.com/a/world-bank-reports-strong-export-growth-warns-of-potential-eba-withdrawal/5185964.html

World Bank warns of economic risks amid strong growth

Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update. ...

Tran Techseng
https://vodenglish.news/world-bank-warns-of-economic-risks-amid-strong-growth/

Cambodian forest shrinks to only 47pct in last 40 over years

Cambodia’s forest cover was over 73 per cent in 1975 but it has shrunk to only about 47 per cent last year. In its Human Development Report Cambodia 2019, the United Nations Development Programme (UNDP) said deforestation was mainly caused by rising wood demand for ...

New Straits Times Staff
https://www.nst.com.my/world/region/2019/11/542639/cambodian-forest-shrinks-only-47pct-last-40-over-years

Subsidies spark cheaper energy

Cambodia plans to spend more than $100 million on subsidies by 2021 to reduce electricity tariffs in a move to spur economic growth and relieve the financial burden on businesses and households, a senior government official said. Electricite du Cambodge (EdC) director-general Keo Ratanak told reporters ...

Thou Vireak
https://www.phnompenhpost.com/business/subsidies-spark-cheaper-energy

$3 billion in reserve ahead of possible EBA withdrawal

The government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. ...

Thou Vireak
https://www.phnompenhpost.com/national-politics/3-billion-reserve-ahead-possible-eba-withdrawal

Gov’t to raise 20% more tax revenue

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

May Kunmakara
https://www.phnompenhpost.com/business/govt-raise-20-more-tax-revenue

Century Plaza sellers wait for new area after order to move

Phnom Penh municipal governor Khuong Sreng instructed Por Sen Chey district authorities and Century Group not to stop vendors from selling goods around Century Plaza Market, which is marked for redevelopment. ...

Long Kimmarita
https://www.phnompenhpost.com/national/century-plaza-sellers-wait-new-area-after-order-move

Korea assists Cambodia on occupational safety

Cambodia and Korea have joined hands to study the legislation of occupational health and safety regulations for employees at factories and business enterprises. The project was initiated on Thursday at the Ministry of Labour and Vocational Training when Minister Ith Sam Heng met with Choi Heaeun, ...

Long Kimmarita
https://www.phnompenhpost.com/national/korea-assists-cambodia-occupational-safety

Further heritage aiming to join Lakhon Khol

As the Kingdom marks the first anniversary of the inscription of traditional Cambodian dance drama Lakhon Khol on Unesco’s cultural heritage list, the government is preparing to have 10 other forms of tangible and intangible heritage registered with the UN body. ...

Khorn Savi
https://www.phnompenhpost.com/national/further-heritage-aiming-join-lakhon-khol

Photo of pupils learning outside prompts action

Prime Minister Hun Sen on Thursday ordered National Committee for Disaster Management first vice-president Kun Kim to visit O’Chunh Primary School in Teuk Kraham commune’s Sen Rung Roeung I village in Choam Ksan district, Preah Vihear province, after images of students studying in tents went ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/photo-pupils-learning-outside-prompts-action

Ministry says economic growth has benefitted people equitably

The strong economic growth Cambodia has experienced in the last few decades has benefitted everyone and created opportunities for all, a high-ranking government official said yesterday. ...

Chea Vannak
https://www.khmertimeskh.com/50665228/ministry-says-economic-growth-has-benefitted-people-equitably/

Institute unveils project to tackle waste crisis

The Global Green Growth Institute (GGGI) yesterday held a presentation in front of local authorities on a project that aims to tackle the waste crisis Cambodia is facing. ...

Poovenraj Kanagaraj
https://www.khmertimeskh.com/50665270/institute-unveils-project-to-tackle-waste-crisis/

Gov’t creates tourism development committee

The National Tourism Development Committee was created this month to boost the development of one of Cambodia’s most important economic drivers. ...

Chea Vannak
https://www.khmertimeskh.com/50665275/govt-creates-tourism-development-committee/

Draft Lango amendments on the table

The Interior Ministry is due to hold a meeting with representatives of local and foreign NGOs next week in a bid to review and give feedback over draft amendments to the Law on Associations and Non-Governmental Organisations. ...

Ben Sokhean
https://www.khmertimeskh.com/50665345/draft-lango-amendments-on-the-table/

South Korea pledges to support Kingdom’s ongoing development

The government yesterday highlighted the success of regional summits in South Korea, noting its government pledged to support the Kingdom’s socio-economic development. ...

Ben Sokhean
https://www.khmertimeskh.com/50665349/south-korea-pledges-to-support-kingdoms-ongoing-development/

Australia remains committed to aiding Kingdom

The Australian government is committed to continue aiding the Kingdom’s development, having already provided about $1 billion in funds from 1992 until last year. ...

Khuon Narim
https://www.khmertimeskh.com/50665348/australia-remains-committed-to-aiding-kingdom/

Event tackles MSME sector’s woes

Micro, small- and medium-sized enterprises (MSMEs) continue to play an important role in supporting the Kingdom’s economic growth, with stakeholder engagement required in tackling certain challenges, Ministry of Industry and Handicraft official Chhea Layhy said on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/event-tackles-msme-sectors-woes

Ministry: Construction workers must upskill

Ministry of Labour and Vocational Training official Teang Sak on Wednesday urged the private sector to work with the government in improving the skills of workers to meet the needs of the fast-growing construction sector. ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-construction-workers-must-upskill

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