News

Cambodia’s EoDB index still positive: EuroCham

Cambodia’s ease of doing business (EoDB) index remains positive despite external challenges including global inflation and the Russia-Ukraine conflict, according to the Business Confidence Survey 2023 by the European Chamber of Commerce (EuroCham). ...

May Kunmakara
https://phnompenhpost.com/business/cambodias-eodb-index-still-positive-eurocham

DCTS scheme reduces tariffs on UK exports

The Ministry of Commerce has urged exporters to adhere to the UK’s rules of origin (RoO) in order to benefit from their Developing Countries Trading Scheme (DCTS), a system of graduated tariffs on imports. ...

Van Socheata
https://phnompenhpost.com/business/dcts-scheme-reduces-tariffs-uk-exports

Looking forward: Cambodia unveils FinTech policy 2023-28

Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth unveiled Cambodia’s Financial Technology (fintech) Development Policy for 2023-2028, asserting its potential to harness the advantages of digital transformation in the financial sector and invigorate the country’s socio-economic landscape. ...

Hin Pisei
https://phnompenhpost.com/business/looking-forward-cambodia-unveils-fintech-policy-2023-28

EnerCam pioneers onshore oilfield exploration, ESG/CSR

Canada-owned EnerCam Exploration Ltd, through its subsidiary Angkor Resources Corp, has completed a community assessment mission on Block VIII, a 7.3sq km oil and gas license, with a focus on environmental, social, and governance (ESG) principles and corporate social responsibility (CSR). ...

May Kunmakara
https://phnompenhpost.com/business/enercam-pioneers-onshore-oilfield-exploration-esgcsr

AMAF meeting focuses on resilience and food security

The ASEAN Ministers on Agriculture and Forestry (AMAF) have reached agreements on various documents, encompassing strategic guidance, technical matters and joint communication, reaffirming their commitment to cooperation in matters of food security, agriculture and forestry. ...

Samban Chandara
https://www.phnompenhpost.com/national/amaf-meeting-focuses-resilience-and-food-security

Manet urges UK cooperation on renewable energy, green economy

During his October 4 meeting with British ambassador Dominic Williams, Prime Minister Hun Manet reiterated that Cambodia’s foreign policy – including bilateral relations with the UK – will remain unchanged under his administration. The premier also expressed hope that more Cambodian products will be exported ...

Sok Raksa
https://www.phnompenhpost.com/national/manet-urges-uk-cooperation-renewable-energy-green-economy

Angkor Resources launches assessment with communities and Ministry on Block VIII Oil License, Cambodia

Angkor Resources Corp. announced the completion of a community assessment mission for ESG (Environment, Social, Governance) and CSR (Corporate Social Responsibility) on Block VIII oil and gas license. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371758/angkor-resources-launches-assessment-with-communities-and-ministry-on-block-viii-oil-license-cambodia/

Cambodia prepares for peak tourist season

The Cambodian tourism sector and authorities have been implementing solutions to prepare for peak tourist season, including simplifying entry procedures at the instruction of Prime Minister Dr Hun Manet. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371744/cambodia-prepares-for-peak-tourist-season/

BRI enhances the economic potential of Cambodia

Ten years on, China’s Belt and Road Initiative has injected vigorous impetus into building a community with a shared future for mankind, significantly contributing to global and regional development and stability, a Cambodian expert said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371709/bri-enhances-the-economic-potential-of-cambodia/

APSARA Authority controls the water gates to avoid flooding in the temple area

The working team of the Department of Water, Forestry, and Infrastructure Management of the APSARA National Authority on October 4, was busy controlling the water gates to avoid flooding in the Angkor site. ...

Keo Rachna
https://www.khmertimeskh.com/501371266/apsara-authority-controls-the-water-gates-to-avoid-flooding-in-the-temple-area/

28 Indonesian human trafficking victims repatriated

The Indonesian Embassy in Phnom Penh repatriated 28 Indonesian citizens yesterday who were rescued from a human trafficking operation in Cambodia, thanks to cooperation between the embassy and Cambodian authorities. ...

Taing Rinith
https://www.khmertimeskh.com/501371572/28-indonesian-human-trafficking-victims-repatriated/

Two Bassac river bridges planned to ease traffic congestion

The Phnom Penh Municipal Administration plans to construct two bridges across the Bassac River from Prek Pra to National Road 2 linking to Hun Sen Boulevard in Choeung Ek Development Zone to ease traffic congestion. ...

Hang Punreay
https://www.khmertimeskh.com/501371471/two-bassac-river-bridges-planned-to-ease-traffic-congestion/

Ministry of Civil Service aims to reform administration

The Ministry of Civil Service is acting as the secretariat for the National Committee to promote the implementation of the new government’s public administration reform measures. ...

Hang Punreay
https://www.khmertimeskh.com/501371686/ministry-of-civil-service-aims-to-reform-administration/

Financial Technology takes center stage in Cambodia’s economic growth plan

Cambodia has unveiled its Financial Technology (Fintech) Development Policy 2023-2028, aiming to enhance financial inclusion, maintain financial stability, and promote innovation. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371701/financial-technology-takes-center-stage-in-cambodias-economic-growth-plan/

Cambodia-Oz trade dips 8.5%

Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). Concurrently, imports from Australia ...

Hin Pisei
https://phnompenhpost.com/business/cambodia-oz-trade-dips-85

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

May Kunmakara
https://phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

Manet commits to annual wage increases for workers

While acknowledging that the new minimum wage for factory workers falls short of their expectations, Prime Minister Hun Manet reaffirmed the government’s commitment to providing a yearly increment, however modest. This dedication, he noted, stands in contrast to certain countries that have not granted any ...

Neang Sokunthea
https://phnompenhpost.com/national/manet-commits-annual-wage-increases-workers

Pheaktra, Thai journos to combat ‘fake news’

Minister of Information Neth Pheaktra met with Thai ambassador Cherdkiat Atthakor and a delegation from the Journalists Association of Thailand at the ministry headquarters in Phnom Penh on October 2 to discuss strengthening information cooperation in order to combat misinformation, said a ministry press release. ...

Ry Sochan
https://phnompenhpost.com/national/pheaktra-thai-journos-combat-fake-news

Australia finance NGOs, 49 major community projects

Australia has pledged A$7.9 million ($5 million) to support 26 Australian NGOs in collaboration with Cambodian counterparts, aiming to initiate 49 community projects across all provinces. Australian deputy ambassador Andreas Zurbrugg announced the commitment during the “Australia-Cambodia NGO Consultation 2023”, which saw participation from over 70 ...

Ry Sochan
https://phnompenhpost.com/national/australia-finance-ngos-49-major-community-projects

Electrical exports spark to $2.1B

Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b

Govt to expand meal programme for students

The government plans to further strengthen and expand its programme to provide students across the country with daily meals. ...

Hang Punreay
https://www.khmertimeskh.com/501370974/govt-to-expand-meal-programme-for-students/

Indonesian Ambassador-Designate committed to strengthening ties

While waiting to present his credential to the King Norodom Sihamoni to officialise his appointment, the new ambassador-designate of Indonesia to Cambodia told Khmer Times, in an exclusive and first-ever interview since his arrival, that he is determined to transform Cambodia-Indonesian bilateral relations into one ...

Taing Rinith
https://www.khmertimeskh.com/501370950/indonesian-ambassador-designate-committed-to-strengthening-ties/

Cambodia, Thailand militaries to boost further border cooperation

Cambodian and Thai military officials have agreed on further cooperation to make the border more peaceful so people living there can have a better life now and into the future. ...

Hang Punreay
https://www.khmertimeskh.com/501370968/cambodia-thailand-militaries-to-boost-further-border-cooperation/

PM says jobs are delegated, he won’t interfere in everything

Pledging a non-interference governance model yesterday, Prime Minister Hun Manet called for a collective responsibility to solve national issues and people’s problems. ...

Torn Vibol
https://www.khmertimeskh.com/501370986/pm-says-jobs-are-delegated-he-wont-interfere-in-everything/

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