News

Cambodia-HK expo tipped to increase trade

Bilateral trade between Cambodia and China is expected to grow with the interest shown by traders and investors during the Cambodia-Hong Kong exhibition in Phnom Penh, which featured over 40 companies. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-hk-expo-tipped-increase-trade

Red corn prices climb slightly amidst harvest season in Battambang

Red corn prices in Battambang province during the ongoing 2023 harvest season have shown a slight increase compared to the corresponding period last year. However, weather conditions have marginally impacted the quality of red corn kernels this year. ...

Hin Pisei
https://www.phnompenhpost.com/business/red-corn-prices-climb-slightly-amidst-harvest-season-battambang

South Korean exports jump 20%

Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/south-korean-exports-jump-20

Land sales spur revenue increase for PPSP in Q2

Public-listed Royal Group Phnom Penh Special Economic Zone (PPSP) reported a significant growth in business performance in the second quarter of 2023 amid regional and global economic uncertainties. ...

May Kunmakara
https://www.phnompenhpost.com/business/land-sales-spur-revenue-increase-ppsp-q2

New concession in Botum Sakor National Park handed to Cambodia’s Royal Group

The Cambodian government has awarded another large swath of Botum Sakor National Park to local conglomerate Royal Group, carving out yet more land from this ostensibly protected area to hand over to private developers. ...

Gerald Flynn
https://news.mongabay.com/2023/08/new-concession-in-botum-sakor-national-park-handed-to-cambodias-royal-group/

Agriculture ministry pushes robusta cultivation

A senior official at the Ministry of Agriculture, Forestry and Fisheries said that with a significant increase in coffee consumption in Cambodia, the ministry supports the expansion of robusta coffee bean cultivation, noting that it remains limited. ...

Van Socheata 
https://www.phnompenhpost.com/business/agriculture-ministry-pushes-robusta-cultivation

Double taxation agreement with UAE ‘nearly complete’

Cambodia and the United Arab Emirates (UAE) are expected to sign a Double Taxation Agreement (DTA) soon seeing that negotiations on the content are 96 per cent complete, the General Department of Taxation (GDT) stated. ...

Hin Pisei
https://www.phnompenhpost.com/business/double-taxation-agreement-uae-nearly-complete

World leaders share best wishes with Hun Manet

World leaders have been quick to convey their congratulations to Hun Manet as he took the reins as Prime Minister of Cambodia on August 22.​ ...

Neang Sokunthea
https://www.phnompenhpost.com/national/world-leaders-share-best-wishes-hun-manet

Government gives 9,968 hectares in Botum Sakor National Park to Royal Group

Tycoon Kith Meng’s Royal Group company received 9,968 hectares inside Botum Sakor National park in Koh Kong province, according to a January 25 sub-decree signed by Prime Minister Hun Sen and published earlier this month. ...

Runn Sreydeth and Phon Sothyroth
https://cambojanews.com/government-gives-9968-hectares-in-botum-sakor-national-park-to-royal-group/

New gov’t more than doubles secretary and undersecretary of state positions in ministries

The newly formed government has 1,422 secretaries or undersecretaries of state — a 121.8% increase from the previous government, which had only 641 officials in those positions. ...

Khuon Narim
https://cambojanews.com/new-govt-more-than-doubles-secretary-and-undersecretary-of-state-positions-in-ministries/

Acleda Bank to expand KHQR beyond ASEAN

Acleda Bank Plc plans to expand the KHQR system to non-Association of Southeast Asian Nations (ASEAN) member countries, said a senior bank official. ...

Kang Sothear
https://www.khmertimeskh.com/501347404/acleda-bank-to-expand-khqr-beyond-asean/

Lao PM extends congratulations to Cambodia’s new PM

Lao Prime Minister Sonexay Siphandone has sent a congratulatory message to Cambodia’s new Prime Minister Hun Manet. ...

Khmer Times Staff
https://www.khmertimeskh.com/501348435/lao-pm-extends-congratulations-to-cambodias-new-pm/

Cambodia attracts three million international tourists in seven months

Cambodia recorded some 3.03 million international visitors in the first seven of 2023, a sharp increase of 308 percent from 743,459 over the same period last year, a Ministry of Tourism’s report showed on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501348457/cambodia-attracts-three-million-international-tourists-in-seven-months/

Roles of Deputy Prime Ministers farmed out

The new government has outlined the job responsibilities and division of responsibilities of the Prime Minister, Deputy Prime Minister and Senior Minister in charge of special missions to ensure efficient governance. ...

Torn Vibol
https://www.khmertimeskh.com/501348056/roles-of-deputy-prime-ministers-farmed-out/

New gov’t to strive hard to achieve upper-middle, high-income goals

Moments before Mr Hun Manet was sworn in as the new Prime Minister, his predecessor Mr Hun Sen said that he expects the new government to take Cambodia out of its least-developed country status and achieve the upper-middle-income and high-income in 2030 and 2050 respectively. ...

Kang Sothear
https://www.khmertimeskh.com/501347405/new-govt-to-strive-hard-to-achieve-upper-middle-high-income-goals/

Course on ‘identifying human trafficking victims’ opens

Interior Ministry Secretary of State and Permanent Vice-Chair woman of the National Committee for Counter Trafficking Chou Bun Eng opened a new training course yesterday in Phnom Penh focusing on “Identification of victims of human trafficking to provide appropriate services.” ...

Torn Vibol
https://www.khmertimeskh.com/501348063/course-on-identifying-human-trafficking-victims-opens/

Vietnamese PM invites Cambodia’s new PM to visit Vietnam

Prime Minister of the Socialist Republic of Viet Nam Pham Minh Chinh has invited Kitti Tesaphibal Bindit Hun Manet, Prime Minister of the Kingdom of Cambodia, to pay an official visit to Viet Nam at a suitable time. ...

Khmer Times Staff
https://www.khmertimeskh.com/501348471/vietnamese-pm-invites-cambodias-new-pm-to-visit-vietnam/

US Department of Commerce issues final determination on Circumvention of Solar Cells and Modules from Cambodia

On August 18, 2023, the Department of Commerce (“Commerce”) announced its final determination that certain solar cells and modules exported from Cambodia, Malaysia, Thailand, and Vietnam are circumventing the antidumping (“AD”) and countervailing (“CVD”) orders on imports from China after conducting its investigation for over ...

Khmer Times Staff
https://www.khmertimeskh.com/501348478/us-department-of-commerce-issues-final-determination-on-circumvention-of-solar-cells-and-modules-from-cambodia/

New Prime Minister Hun Manet vows to keep peace as his father steps down

After 38 years in power, Hun Sen finally stepped down from the prime minister role, leaving the top job to his eldest son Hun Manet this week but retaining significant powers. ...

Khuon Narim
https://cambojanews.com/new-prime-minister-hun-manet-vows-to-keep-peace-as-his-father-steps-down/

Insurance premiums rise to $81 million Q2

Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...

May Kunmakara
https://www.phnompenhpost.com/business/insurance-premiums-rise-81-million-q2

New govt planning more state aid

While fresh aid is being planned for the impoverished through the social security fund, the incoming administration will keep up the practice of giving allowances to expectant mothers and young children. ...

Tith Kongnov
https://www.khmertimeskh.com/501348213/new-govt-planning-more-state-aid/

190 Municipal-District Administration implements Sub-National Administrative Investment Fund

From 2017 to the present, 190 municipal and district administrations across the country have implemented sub-national administrative investment funds (SNIF). This is according to Dr. Keo Bengvath, the Royal Government delegate in charge of the Director General of the General Department of Finance and Sub-National ...

Khmer Times Staff
https://www.khmertimeskh.com/501347987/190-municipal-district-administration-implements-sub-national-administrative-investment-fund/

Cambodia’s parliament elects woman as president for 1st time in history

Khuon Sudary was elected on Tuesday as the president of Cambodia’s National Assembly for a new five-year term, becoming the first woman to hold this top post, according to the state-run National Television of Cambodia (TVK). ...

Khmer Times Staff
https://www.khmertimeskh.com/501347712/cambodias-parliament-elects-woman-as-president-for-1st-time-in-history/

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