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