News

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

Bush meat still on the ‘unwritten’ menu despite joint efforts to curb poaching

Wildlife outside the zoo is hard to spot without camera traps, but their meat can be found on unwritten menus – through the whispers of sellers – in some local restaurants in Koh Kong and several other provinces. ...

Niem Chheng
https://www.phnompenhpost.com/national/bush-meat-still-on-the-unwritten-menu-despite-joint-efforts-to-curb-poaching

Hunt on for illegal Pursat loggers as timber discovered

Battambang provincial Department of Environment is hunting for the individuals involved in the transportation of more than 13 cubic metres of luxury timber that was seized near the Chrok Chang Eath ranger station in Prey Thom village of Samlot district’s Kampong Lpov commune on June ...

Phak Seangly
https://www.phnompenhpost.com/national/hunt-on-for-illegal-pursat-loggers-as-timber-discovered

Government instructs relevant ministries to prepare flood risk map in 3 areas

Government instructs relevant ministries to prepare roadmap for flood risk in 3 areas for easy repair and restoration after floods receded in each area. ...

Hang Punreay
https://tinyurl.com/2ffpw8rr

250 community representatives participate in Sustainable Consumption and Production awareness campaign

Recently, approximately 250 community representatives, with women comprising 80% of the attendees, gathered at Sunway Hotel in Phnom Penh for the Sustainable Consumption and Production awareness campaign. ...

Khmer Times Staff
https://www.khmertimeskh.com/501502764/250-community-representatives-participate-in-sustainable-consumption-and-production-awareness-campaign/

Cambodia’s GFT exports jump 20.69 percent

The exports of garments, footwear and travel goods (GFT) rose by 20.69 percent in the first five months of this year, compared to the same period last year, earning the Kingdom $4.89 billion, according to the trade data released by the General Department of Customs ...

Manoj Mathew
https://www.khmertimeskh.com/501503732/cambodias-gft-exports-jump-20-69-percent/

Vietnam, Cambodia promote trade, investment activities

The Investment and Trade Promotion Center of Ho Chi Minh City hosted a seminar on investment promotion between Vietnam and Cambodia in 2024 on June 7. ...

Saigon News
https://www.khmertimeskh.com/501502736/vietnam-cambodia-promote-trade-investment-activities/

Tourism Minister touts master plan for Siem Reap tourism boost

Minister of Tourism Sok Soken visited the Siem Reap Provincial Department of Tourism on Saturday and discussed crucial aspects of the master plan for Tourism Development in Siem Reap Province 2021-2035. ...

Jigme Palden Pazo
https://www.khmertimeskh.com/501503069/tourism-minister-touts-master-plan-for-siem-reap-tourism-boost/

25 investment projects worth over $246 million approved by CDC in May

In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. ...

Khmer Times Staff
https://www.khmertimeskh.com/501503519/25-investment-projects-worth-over-246-million-approved-by-cdc-in-may/

Commune residents, authorities call for increased national budget to meet people’s needs

Sangkat O’Mal authority in Battambang City and several residents have highlighted the lack of availability for the use of the annual commune budget to develop infrastructure to meet the needs of the people. ...

Sovann Sreypich
https://cambojanews.com/commune-residents-authorities-call-for-increased-national-budget-to-meet-peoples-needs/

PM suggests ERA students take responsibility for self-discipline

Prime Minister Hun Manet has reiterated that the Royal School of Administration (ERA), a training school for civil servants and public service officials, must have high standards of discipline, but that its implementation should not need to be strict. ...

Ry Sochan
https://www.phnompenhpost.com/national/pm-suggests-era-students-take-responsibility-for-self-discipline

Ministry, NBC respond to tragic boat accident with safety measures, life jackets

Even though no one has been brought to justice, authorities have provided life jackets to four boat operators and are studying the construction of a bridge across the Stung Sen River at the site where a boat sank, killing one of 15 students on board, ...

Phak Seangly
https://www.phnompenhpost.com/national/ministry-nbc-respond-to-tragic-boat-accident-with-safety-measures-life-jackets

Chinese financing nears 50% of total investment in May, US lags at less than 1%

In May, Chinese investment in Cambodia accounted for almost 50% of total financing, with domestic investment accounting for over 30%, while the US lagged behind at less than one per cent, according to the Council for the Development of Cambodia (CDC). ...

Ry Sochan
https://www.phnompenhpost.com/business/chinese-financing-nears-50-of-total-investment-in-may-us-lags-at-less-than-1-

Growth opportunities for Cambodian SMEs in securities market

Small and medium-sized enterprises (SMEs) in Cambodia can unlock significant growth opportunities by accessing the securities market, a concept explored in detail during a seminar co-organised by the Securities and Exchange Regulator of Cambodia (SERC), APM (Cambodia) Securities Co Ltd and Asset Pro Management Co ...

Hong Raksmey
https://www.phnompenhpost.com/business/growth-opportunities-for-cambodian-smes-in-securities-market

Ministry plans to create 250 new model villages by end of seventh mandate in 2028

After the successful establishment of 30 model villages, the Ministry of Rural Development is preparing to collect information on the status of other villages to create an additional 250 by the end of the seventh mandate in 2028, aiming to help develop infrastructure and provide ...

Phak Seangly
https://www.phnompenhpost.com/national/ministry-plans-to-create-250-new-model-villages-by-end-of-seventh-mandate-in-2028

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