News

More than $2billion in loans restructured from March

The banking sector saw loan restructuring of $2.16 billion covering 44,500 accounts as of June this year, according to a report from the Association Banks of Cambodia (ABC). ...

Sok Chan
https://www.khmertimeskh.com/50754440/more-than-2billion-in-loans-restructured-from-march/

Huawei and American University of Phnom Penh all set for a bright future

Huawei Technologies held an event to sign a memorandum of understanding (MOU) with the American University of Phnom Penh (AUPP) and its Center for Leadership and Professional Development (CLPD) at the AUPP campus yesterday. The MOU was to work towards new digital technology projects and ...

Jason Boken
https://www.khmertimeskh.com/50754620/huawei-and-american-university-of-phnom-penh-all-set-for-a-bright-future/

Power infrastructure company lists locally

PESTECH (Cambodia) Plc, a subsidiary of Malaysia-based power infrastructure specialist PESTECH International Bhd, yesterday officially listed on the local bourse, becoming the 13th listed company in the Cambodia Securities and Exchange (CSX). ...

Sok Chan
https://www.khmertimeskh.com/50754609/power-infrastructure-company-lists-locally/

Rice Federation upbeat about Cambodia-Korea FTA

The Cambodia-Korea Free Trade Agreement (FTA) will expand Cambodia’s rice export potential, according to the Cambodia Rice Federation (CRF). ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50754722/rice-federation-upbeat-about-cambodia-korea-fta/

Japanese minister to boost ties during visit

The Japanese Minister of Foreign Affairs, Motegi Toshimitsu, is due to embark on a three-day visit to Cambodia between August 21 and 23, which will see him meeting with Prime Minister Hun Sen. ...

Ry Sochan
https://www.khmertimeskh.com/50754425/japanese-minister-to-boost-ties-during-visit/

CMAC removes grenades used as makeshift stove

Local authorities, in cooperation with officials from the Cambodian Mine Action Center, yesterday retrieved eight B40 rocket-propelled grenades at the residence of one of the local families in Siem Reap province. ...

Som Kanika
https://www.khmertimeskh.com/50754488/cmac-removes-grenades-used-as-makeshift-stove/

$10-million garment factory to open in Kampong Speu province

On the day the EU enforced tariffs on some of Cambodia’s exports, the Council for Development of Cambodia announced yet another new investment in the garment sector. ...

Khmer Times Staff
https://www.khmertimeskh.com/50754548/10-million-garment-factory-to-open-in-kampong-speu-province/

Climate change is seriously impacting Cambodia, says ministry

Cambodia has registered a staggering 6,920 different forms of natural disasters since 1996, the Ministry of Environment revealed. ...

Khann Chanvirak
https://www.khmertimeskh.com/50754504/climate-change-is-seriously-impacting-cambodia-says-ministry/

Much lower water levels recorded so far in 2020

RAINFALL and water levels in the Mekong river basin are very low this year, compared with 2018 and 2019, said Water Resources Ministry spokesman Chan Youttha ...

Khann Chanvirak
https://www.khmertimeskh.com/50753940/much-lower-water-levels-recorded-so-far-in-2020/

Flights from Philippines banned as 13 infected fly in from Manila

The government, advised by the Ministry of Health, has issued an official statement announcing the temporary suspension of flights from the Philippines, effective from Thursday ...

Khann Chan Virak
https://www.khmertimeskh.com/50753943/flights-from-philippines-banned-as-13-infected-fly-in-from-manila/

Industry 4.0: How Cambodia can build for the future

A conference was held at the UN Development Programme (UNDP) head office in Phnom Penh as well as over video conference to discuss a new report conducted by the UN and the Institute for Manufacturing Educational Consultancy Services (IfM ECS) within the University of Cambridge). ...

Jason Boken
https://www.khmertimeskh.com/50754083/industry-4-0-how-cambodia-can-build-for-the-future/

The EU’s tax free status partially withdrawn

THE Kingdom’s annual $7 billion garment and textile sector will see the partial loss of a preferential zero-tax trade deal provided by the European Union (EU) from today as the Cambodia-China free-trade agreement (FTA) is on its way for final signing. ...

Sorn Sarath
https://www.khmertimeskh.com/50753939/the-eus-tax-free-status-partially-withdrawn/

Kampong Thom gets new cashew plant

Top Planning Japan Co Ltd is working with a local cashew nut processing business owner to set up a plant in Kampong Thom province’s southwestern Kampong Svay district in a bid to champion Cambodian finished products. ...

Thou Vireak
https://www.phnompenhpost.com/business/kampong-thom-gets-new-cashew-plant

Small banks ‘underperform’ in thriving sector

As the Kingdom’s energetic banking sector rockets at an average annual rate of 28 per cent and teems with an ever-increasing number of new players vying for a slice of the market, smaller banks have been left in the dust.​ ...

May Kunmakara
https://www.phnompenhpost.com/business/small-banks-underperform-thriving-sector

New $231M Pursat dam built

Groundwork is underway on South Korean-owned SPHP (Cambodia) Co Ltd’s massive $231 million Stung Pursat I hydroelectric dam in Pursat, provincial deputy governor Khoy Rida told The Post on Monday. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-231m-pursat-dam-built

Milking silk for all its worth

To participate in reviving sericulture – silk farming – in the Kingdom and boost the living standards of rural people, the private sector and development partners as well as financial institutions have now jointly participated in the effort, said chairman of the board of trustees ...

Sok Chan
https://www.khmertimeskh.com/50753766/milking-silk-for-all-its-worth/

New coal-fired power plant in national park commissioned

The Kingdom’s tycoon Kith Meng’s Royal Group has secured 168.8 hectares of land in Koh Kong’s Botum Sakor National Park under a leasing agreement to develop a 700 megawatt (mW)  coal power plant, according to a government sub-decree. ...

Sorn Sarath
https://www.khmertimeskh.com/50753768/new-coal-fired-power-plant-in-national-park-commissioned/

Rain restores 60,000 hectares of paddy across Banteay Meanchey

More than 60,000 hectares of rice paddy in Banteay Meanchey has been restored after large rainfalls were recorded across the country over the last three days, according to the province’s director of agriculture. ...

Sok Chan and Harrison White
https://www.khmertimeskh.com/50753735/rain-restores-60000-hectares-of-paddy-across-banteay-meanchey/

Agriculture share of Kingdom’s GDP on track to hit 32 per cent

The agricultural industry is on track to account for 32 per cent of Cambodia’s gross domestic product (GDP) by the end of the year as more of the Kingdom’s workforce moves into the sector, Royal Academy of Cambodia economics researcher Ky Sereyvath has said. ...

Thou Vireak
https://www.phnompenhpost.com/business/agriculture-share-kingdoms-gdp-track-hit-32-cent

Kingdom’s PPE exports up 130%

Cambodia exported just over $191.3 million worth of personal protective equipment (PPE) in the first half of this year, a 130 per cent rise from the $83.3 million recorded last year. The exports were largely driven by Covid-19 fears and a shortage of such equipment, ...

Thou Vireak
https://www.phnompenhpost.com/business/kingdoms-ppe-exports-130

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