News

Japanese NGO projects awarded grants

Japan has agreed to provide $754,321 to two organizations under the framework of the Grant Assistance for Japanese non-governmental (NGO) projects. ...

Sok Chan
https://www.khmertimeskh.com/50814017/japanese-ngo-projects-awarded-grants/

Rental sector businesses share positive outlook for market in 2021

Despite the mass exodus of expats and foreigners causing a blip in Cambodia’s otherwise strong rental sector, realty businesses are forecasting a positive bounce back in 2021. ...

Tom Starkey
https://www.khmertimeskh.com/50814018/rental-sector-businesses-share-positive-outlook-for-market-in-2021/

Water levels in Mekong hit worrisome new lows

The Mekong River Commission (MRC) has expressed concern that water levels in the river have dropped significantly, changing the colour of the water in some areas, and warned that this situation could impact agricultural production and wildlife migration in Cambodia and the other countries in ...

Lay Samean
https://www.phnompenhpost.com/national/water-levels-mekong-hit-worrisome-new-lows

River Terns population on the rebound along Mekong

The population of River Terns continues to rise, having doubled in the past five years and spurring hopes for the species’ conservation, according to initial findings by researchers from the World Wildlife Fund (WWF-Cambodia) who have begun conducting annual bird surveys. ...

Mom Kunthear
https://www.phnompenhpost.com/national/river-terns-population-rebound-along-mekong

SHE launches new tools for women-led businesses

SHE Investments, a social enterprise supporting women entrepreneurs, has announced the official launch of its Digital Resource Centre (DRC) and Kotra Riel app. The event was held to celebrate both the concurrent launches and the achievements of women in the work world and their importance ...

Sok Chan
https://www.khmertimeskh.com/50814158/she-launches-new-tools-for-women-led-businesses/

Cambodia, UK discuss sustainable investment opportunity in Cambodia

Cambodia and the United Kingdom (UK) have convened a meeting to discuss a sustainable investment opportunity in Cambodia. The meeting took place through a video conference under the presidency of Sok Chenda Sophea, Minister Attached to Prime Minister and Secretary General of the Council for ...

Lim Nary /AKP
https://www.khmertimeskh.com/50813485/cambodia-uk-discuss-sustainable-investment-opportunity-in-cambodia/

Spending crunch for Lunar New Year 2021

With Covid-19 cutting into Cambodians’ incomes and transforming consumer behaviour, the Kingdom is expected to see a Lunar New Year spending slump this year. ...

Thou Vireak
https://www.phnompenhpost.com/business/spending-crunch-lunar-new-year-2021

Trade with ASEAN up 22% in 2020, hits $11.3B

The value of trade exchange between Cambodia and other ASEAN member states dramatically skyrocketed last year, hitting $11.330 billion even with flight and border restrictions in full force amid the Covid-19 pandemic. ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-asean-22-2020-hits-113b

Amru celebrates 10th anniversary

Over the last decade since the government established a rice promotion policy in 2010, locally-owned rice miller and exporter Amru Rice (Cambodia) Co Ltd has become one of the game changers in driving milled-rice exports and transforming the Kingdom into a key rice exporter in ...

May Kunmakara
https://www.phnompenhpost.com/business/amru-celebrates-10th-anniversary

Trade with EAEU surges 18%

Bilateral trade between Cambodia and the Eurasian Economic Union (EAEU) was worth $67.37 million last year, marking an increase of 18.22 per cent compared to 2019’s $56.98 million, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-eaeu-surges-18

Vehicle import duty cuts proposed

Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 percent in 2020 from a year ...

Thou Vireak
https://www.phnompenhpost.com/business/vehicle-import-duty-cuts-proposed

CDC approved 238 investment projects worth $8.2B last year

The Council for the Development of Cambodia (CDC) approved 238 investment projects worth a total of $8.2 billion last year, down 12 per cent from 2019, according to a CDC press statement. ...

Thou Vireak
https://www.phnompenhpost.com/business/cdc-approved-238-investment-projects-worth-82b-last-year

EDF 2021 strategic framework approved at board meeting

The eighth Entrepreneurship Development Fund (EDF) Board of Directors Meeting yesterday reviewed and approved its medium-term strategic framework and annual work plan and budget for 2021. ...

Sok Chan
https://www.khmertimeskh.com/50813028/edf-2021-strategic-framework-approved-at-board-meeting/

Leveraging digital technologies key to Asia’s COVID-19 recovery – ADB

Digital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia). ...

Khmer Times Staff
https://www.khmertimeskh.com/50812909/leveraging-digital-technologies-key-to-asias-covid-19-recovery-adb/

BAKC vows to expand pro bono legal services

The Bar Association of the Kingdom of Cambodia (BAKC) has vowed to expand the scope of pro bono defence consultations for the poor and called on lawyers around the country to participate in serving social justice and contribute to reducing the effects of poverty. ...

Lay Samean
https://www.phnompenhpost.com/national/bakc-vows-expand-pro-bono-legal-services

Delayed new casino confirms opening target

Century Entertainment has confirmed the opening target  and relocation  of a new casino to Dara Sakor. The project had been delayed since January. The delay was down to pandemic related business conditions including logistics problems in the delivery of essential equipment.   ...

Khmer Times Staff
https://www.khmertimeskh.com/50812067/delayed-new-casino-confirms-opening-target/

Path to high value-added aquaculture sector studied

A study has been undertaken to look at the upgrading of fishery businesses in Battambang and Kampong Chhnang provinces. Those upgrades could then be replicated in other provinces in the country. ...

Sok Chan
https://www.khmertimeskh.com/50811787/path-to-high-value-added-aquaculture-sector-studied/

New Siem Reap airport construction confirmed as on schedule

Angkor International Airport Investment (Cambodia) has confirmed that its new airport construction will finish as planned in 2023, despite the ongoing COVID-19 pandemic. ...

Chea Vanyuth
https://www.khmertimeskh.com/50812043/new-siem-reap-airport-construction-confirmed-as-on-schedule/

Kingdom is bolstering its logistics in anticipation of string of FTAs

With five free trade agreements (FTAs) on the docket this year, Cambodia is bolstering its logistics network in anticipation of the deals. To that end, last month the Prime Minister approved the immediate upgrade of the Stung Bot, Bavet and Poipet  checkpoints. ...

Husain Haider
https://www.khmertimeskh.com/50811861/kingdom-is-bolstering-its-logistics-in-anticipation-of-string-of-ftas/

Cambodia Post Bank authorised to collect taxes

Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes. ...

Post Staff
https://www.phnompenhpost.com/business/cambodia-post-bank-authorised-collect-taxes

Large-scale farm survey released

The latest Cambodia Inter-censal Agriculture Survey 2019 (CIAS 2019) noted that 88 per cent of household agricultural holdings engaged in crop activity, while 75 per cent reported raising livestock, poultry or insects. ...

May Kunmakara
https://www.phnompenhpost.com/business/large-scale-farm-survey-released

Construction of Koh Kong airport project postponed

Construction of an international airport in Koh Kong province with $40 million capital investment has been postponed until the Covid-19 situation eases, according State Secretariat of Civil Aviation (SSCA) spokesman Sin Chansereyvutha. ...

Thou Vireak
https://www.phnompenhpost.com/business/construction-koh-kong-airport-project-postponed

Skyrocketing shipping costs threaten exports

The Kingdom’s exporters have expressed deepening concerns about spiraling shipping costs, which could diminish this year’s trade figures if prolonged. ...

Hin Pisei
https://www.phnompenhpost.com/business/skyrocketing-shipping-costs-threaten-exports

Kingdom vows to reduce emissions

Cambodia is focusing mainly on reducing greenhouse gas emissions to meet the country’s goal of reducing its emissions by 21 million tonnes per year in order to combat climate change, according to Ministry of Environment spokesman Neth Pheaktra. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/kingdom-vows-reduce-emissions

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