News

CDC gives nod to 16 projects worth $700M last month

The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs. ...

May Kunmakara
https://www.phnompenhpost.com/business/cdc-gives-nod-16-projects-worth-700m-last-month

Red corn prices enjoy surge on demand for domestic feed

Prices of red corn have reportedly seen modest rises on surging demand for domestic feed production as the harvest season nears its end. In northwestern provinces, red corn is typically harvested twice a year between late June and August and then again between late October ...

Hin Pisei
https://www.phnompenhpost.com/business/red-corn-prices-enjoy-surge-demand-domestic-feed

Trade with EU valued at $3.8 billion in 2020

Data from the Ministry of Commerce showed that in 2020 Cambodia exported $3.203 billion of goods to the EU and imported $659 million from the trade bloc. ...

Chea Vanyuth
https://www.khmertimeskh.com/50819696/trade-with-eu-valued-at-3-8-billion-in-2020/

Logistics industry insiders hopeful but they see little change for now

Logistics industry insiders in the Kingdom have not seen evidence of imports and exports growing noticeably in early 2021 but are hoping to see that change as the availability of COVID-19 vaccine inoculations widens in the country and region. ...

Sok Chan
https://www.khmertimeskh.com/50819674/logistics-industry-insiders-hopeful-but-they-see-little-change-for-now/

CDC grants investment licenses to two private companies

Two private companies – Ocean Apparel Manufacturing Co., Ltd., and Glamor Glass Co., Ltd., have just received green light from the Council for the Development of Cambodia (CDC) for their investment projects. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50819597/cdc-grants-investment-licenses-to-two-private-companies/

Cambodian agricultural partnership competition launched

Cambodian Agricultural Partnership Competition has recently kicked off with an aim to address key challenges in Cambodia’s agriculture sector including cold chain, storage capacity, and logistics, said the U.S. Embassy in Phnom Penh​ in a press release issued yesterday. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50819600/cambodian-agricultural-partnership-competition-launched/

Gov’t rejects logging claims

The Ministry of Environment has rejected reports by Amnesty International and the Prey Lang Community Network (PLCN) that large-scale illegal logging has increased in Prey Lang Wildlife Sanctuary since PLCN was banned from patrolling the area. ...

Nov Sivutha
https://www.phnompenhpost.com/national/govt-rejects-logging-claims

Ministries to cooperate on forest protection plan

Officials from multiple ministries will join administrators from the Royal Academy of Cambodia (RAC) for a visit this week to the Techo Sen Russey Treb Park in Preah Vihear province in preparation for setting up a joint mechanism to combat poaching and other forestry crimes. ...

Nov Sivutha
https://www.phnompenhpost.com/national/ministries-cooperate-forest-protection-plan

Grandmas raise kids for working parents

Prior to the pandemic, a confluence of economic factors had led to very high levels of international and domestic immigration among working age adults, resulting in a much of a generation of young children being left in the care of relatives, particularly grandmothers, according to ...

Mom Kunthear
https://www.phnompenhpost.com/national/grandmas-raise-kids-working-parents

Ministry set to publish book ahead of 13th ASEM summit

The Ministry of Information is preparing to publish 5,000 copies of Cambodia 2021 ahead of the 13th Asia-Europe Meeting (ASEM), which Cambodia is hosting in the middle of this year, for distribution to delegates and participants. ...

Voun Dara
https://www.phnompenhpost.com/national/ministry-set-publish-book-ahead-13th-asem-summit

CHRC refutes freedom report

Cambodian Human Rights Committee (CHRC) vice-president Chin Malin said civic space in Cambodia is not shrinking. Instead, it is widely open, but those who enjoy civic space must respect the constitution and the law. ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/chrc-refutes-freedom-report

Families face water shortage as Banteay Meanchey river dries up

More than 4,000 families in an urban area of Banteay Meanchey province’s Mongkol Borei district are facing clean water shortages as the Mongkol Borei River has dried up due to farmers over-pumping water to irrigate their dry-season rice crops, officials said. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/families-face-water-shortage-banteay-meanchey-river-dries

Cambodia, Timor-Leste to boost economic cooperation

Because trade between Cambodia and Timor-Leste remains low, the governments of both nations have decided to work towards boosting bilateral economic and business activities, according to a statement from the Ministry of Foreign Affairs and International Cooperation. ...

Sok Chan
https://www.khmertimeskh.com/50819248/cambodia-timor-leste-to-boost-economic-cooperation/

Japanese gov’t helps fund Mekong forecasting system

The Japanese government granted $2.9 million to the Mekong River Commission (MRC) to help implement its strategic plan to promote responsible development in the region. ...

Syed Husain Haider
https://www.khmertimeskh.com/50819129/japanese-govt-helps-fund-mekong-forecasting-system/

Mango farms set for China checks

The General Directorate of Agriculture said it had submitted a list of 25 mango farms and three treatment facilities to the Chinese General Administration of Customs for sanitary and phytosanitary inspections. ...

Thou Vireak
https://www.phnompenhpost.com/business/mango-farms-set-china-checks

India trade tumbles 26% in 2020

The trade value between Cambodia and India saw a dramatic 25.81 percent reduction last year to $190.13 million from 2019’s $256.26 million as the Kingdom embarked on a feasibility study for a free trade agreement (FTA). ...

Hin Pisei
https://www.phnompenhpost.com/business/india-trade-tumbles-26-2020

Airport eyes adding long-haul flights

Sihannouk International Airport’s operator is eyeing potential new direct, long-haul routes to Europe and the Middle East to bring a new wave of overseas visitors and increase aviation’s contribution to coastal Preah Sihanouk province’s economy. ...

Thou Vireak
https://www.phnompenhpost.com/business/airport-eyes-adding-long-haul-flights

NBC, IFC to boost SME financial access

The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) will join forces on the “Cambodia Supply Chain Finance Market Development” project and expand financial access for the Kingdom’s small and medium-sized enterprises (SME). ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-ifc-boost-sme-financial-access

Digital businesses urged to register at telecoms ministry

Minister of Posts and Telecommunications Chea Vandeth on February 24 encouraged budding digital entrepreneurs to register for licenses and receive technical support, training and “encouragement” from the ministry. ...

Thou Vireak
https://www.phnompenhpost.com/business/digital-businesses-urged-register-telecoms-ministry

Greater innovation critical to driving sustained economic recovery in Cambodia and East Asia

Innovation is critical to productivity growth and economic progress in developing East Asia including Cambodia, China, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, the Philippines, Thailand, and Vietnam in a rapidly changing world, according to a new World Bank report launched today. ...

Heng Panha/AKP
https://www.khmertimeskh.com/50817900/greater-innovation-critical-to-driving-sustained-economic-recovery-in-cambodia-and-east-asia/

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