News

Ten new projects to create more than 8,000 jobs: CDC

The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...

May Kunmakara
https://www.phnompenhpost.com/business/ten-new-projects-create-more-8000-jobs-cdc

Over 20,000 businesses featured on Single Portal

A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...

Hin Pisei
https://www.phnompenhpost.com/business/over-20000-businesses-featured-single-portal

Acquisition of islands: Cambodian officials buy almost exclusive beaches in some islands in Koh Kong province

Rich in corals, sea creatures, and palm trees, Koh Sdach, located on the west and southwest coast of Cambodia, has long attracted tourists and investors with its beautiful white sand beaches. ...

Gerald Flynn, Andy Ball, and Vutha Srey
https://khmer.cambojanews.com/island-shopping-cambodian-officials-buy-up-the-cardamoms-coast/

First export of ‘pra’ fish to China seen January at earliest

The inaugural export of Cambodian iridescent shark catfish to China has again been delayed, and is now expected to take place as soon as next month, as the only authorised exporter takes care of some final formalities, according to Ministry of Agriculture, Forestry and Fisheries ...

Bor Pich Zelin
https://www.phnompenhpost.com/business/first-export-pra-fish-china-seen-january-earliest

New Year sees over two million tourists nationwide

With the country having controlled the spread of Covid-19, Cambodians and foreigners were able to celebrate the New Year and more than two million tourists were recorded in two days. ...

Khmer Times Staff
https://www.khmertimeskh.com/501212322/new-year-sees-over-two-million-tourists-nationwide/

Families seek clarity after displacement rumors related to the Kandal Stung mega-airport project

Some 200 villagers living in Kandal province’s Kandal Stung district and Takhmao town gathered at Kandal City Hall on Tuesday demanding to know whether they would be joining the hundreds of others who are being displaced by the new Phnom Penh International Airport. ...

Sorn Sarath
https://cambojanews.com/families-seek-clarity-after-displacement-rumors-related-to-the-kandal-stung-mega-airport-project/

Shipping link with three nations all set

CMA CGM Group, the third largest container shipping company worldwide and number one in France, is slated to launch the Yangon Cambodia Express (YCX), creating a direct link between Myanmar, Cambodia, Singapore and Malaysia, and industry insiders are hailing the service as a promising new ...

May Kunmakara
https://www.phnompenhpost.com/business/shipping-link-three-nations-all-set

In protected Prey Lang forest, communities pushed out but mining companies welcomed in

Kampong Thom’s Sandan district: Snang An village chief Sok Heng proudly displays a photo of his new home, constructed in July 2021, as his phone’s background image. But Late Cheng Mining Development, a gold mining firm with ties to Prime Minister Hun Sen’s bodyguard unit, ...

Khuon Narim and Jack Brook
https://cambojanews.com/in-protected-prey-lang-forest-communities-pushed-out-but-mining-companies-welcomed-in/

Prahok fish season bountiful

Minister of Agriculture, Forestry and Fisheries Dith Tina expressed his admiration for this year’s fishing season haul, which has seen fishermen catching up to three tonnes of fish in less than an hour, something he credits to the government’s efforts at preventing illegal fishing and ...

Orm Bunthoeurn and Lay Samean
https://www.phnompenhpost.com/business/prahok-fish-season-bountiful

Cambodia-China bilateral trade volume surged 19%, says PM

Trade volume between Cambodia and China reached $14.5 billion this year, an increase of 19 percent compared to last year, said Prime Minister Hun Sen today. ...

Sok Sithika
https://www.khmertimeskh.com/501211511/cambodia-china-bilateral-trade-volume-surged-19-says-pm/

Cambodia says RCEP all about win-win cooperation, not zero-sum game

The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about “win-win” cooperation and is “not a zero-sum game,” a Cambodian government official has said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501211518/cambodia-says-rcep-all-about-win-win-cooperation-not-zero-sum-game/

Cambodia sees new policy framework, ADB loan & BFC extension in 2022

Implementation of the National Policy Framework for Cambodia’s Economic Productivity 2022-35, a pact with Japan to make Sihanoukville a major port, a $50-million loan from the Asian Development Bank to back economic diversification and boost competitiveness, and extension of the Better Factories Cambodia (BFC) programme ...

Khmer Times Staff
https://www.khmertimeskh.com/501211700/cambodia-sees-new-policy-framework-adb-loan-bfc-extension-in-2022/

Cambodia faces drought in 2023

Authorities have sent out a warning that 2023’s dry season will bring droughts countrywide, with residents urged to use water sparingly. ...

Meas Molika
https://kiripost.com/stories/cambodia-faces-drought-in-2023

Microfinance sector grows at 20% by end of 2022

Cambodia’s microfinance sector recorded over 20 percent growth both in terms of loans and deposits by the end of 2022 compared to the same period in 2021, despite the Covid-19 pandemic and the war in Ukraine, according to the Cambodia Microfinance Association (CMA). ...

Sok Sithika
https://www.khmertimeskh.com/501209879/microfinance-sector-grows-at-20-by-end-of-2022/

NEC to set election date for new districts

The National Election Committee (NEC) is preparing to set the date for the election of councillors of the new five districts created by the government through a sub-decree. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501209678/nec-to-set-election-date-for-new-districts/

PM’s call brings back focus on energy efficiency

The need to fast-track Cambodia’s National Energy Efficiency Policy assumed greater importance as Prime Minister Hun Sen recently reiterated the call to adopt energy-saving measures amidst mounting losses for the Electricite du Cambodge (EDC). ...

Manoj Mathew
https://www.khmertimeskh.com/501209876/pms-call-brings-back-focus-on-energy-efficiency/

Gov’t plans to improve STEM skills of students by 2030

The Government has vowed to improve student’s proficiency in STEM (Science, Technology, Engineering and Math) skills as many students lack these key learning skills. ...

Yim Sreylin
https://www.khmertimeskh.com/501209686/govt-plans-to-improve-stem-skills-of-students-by-2030/

Cambodia’s TG sector rising fast with 80% of exports to US

Rising demand from the US has contributed to faster growth of the travel goods (TG) industry in Cambodia in comparison to the garment industry for some time, reveal recent estimates. ...

Manoj Mathew
https://www.khmertimeskh.com/501209162/cambodias-tg-sector-rising-fast-with-80-of-exports-to-us/

CDC approves four investment projects

The Cambodia Special Economic Zone Committee of the Council for the Development of Cambodia (CDC) issued the certificate of registration for four companies. ...

Adur Pradeep
https://www.khmertimeskh.com/501208969/cdc-approves-four-investment-projects/

World Bank says safeguarding financial stability in Cambodia is crucially important

In its Cambodia Economic Update, the World Bank has said that the country’s commercial real estate sector faces increased risks as financial conditions tighten. ...

Khmer Times Staff
https://www.khmertimeskh.com/501210119/world-bank-says-safeguarding-financial-stability-in-cambodia-is-crucially-important/

Cambodia committed to end land title registration next year

Prime Minister Hun Sen said Cambodia will end the land registration in 2023. Addressing to the closing ceremony of the annual meeting of the Ministry of Land Management, Urban Planning and Construction and the inauguration ceremony of the National Construction Laboratory, held Tuesday, Mr Hun ...

Khmer Times Staff
https://www.khmertimeskh.com/501210105/cambodia-committed-to-end-land-title-registration-next-year/

Calls for students to master tech skills

Recent high school graduates are being encouraged to study digital technology-related subjects at university to fill the skills gap and help develop the country. ...

Thai Sothea
https://kiripost.com/stories/calls-for-students-to-master-tech-skills

New towns designated in Kandal, Kampong Speu

The government has established three new towns – Sampov Poun and Arey Ksat in Kandal province and Oudong Me Chey in Kampong Speu – following requests from the Ministry of Interior, according to a sub-decree issued by Prime Minister Hun Sen on December 23. ...

Lay Samean
https://www.phnompenhpost.com/national/new-towns-designated-kandal-kampong-speu

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