News

Vegetable planting up, but not yet feeding local demand in full

Vegetable planting in Cambodia is reported up dramatically, but the nation cannot end imports because local consumption is bigger than production, said Minister of Agriculture Forestry and Fisheries Veng Sakhon at the celebration of the seventhth national nutrition day in Kampong. ...

Sar Socheath
https://www.khmertimeskh.com/50787580/vegetable-planting-up-but-not-yet-feeding-local-demand-in-full/

Firm takes the smoke out of BBQ with biomass innovation

Rethinking how to utilise waste as a source of energy is a hot topic in Cambodia, a country short on power that also grapples with a mounting organic waste problem. ...

Tom Starkey
https://www.khmertimeskh.com/50787543/firm-takes-the-smoke-out-of-bbq-with-biomass-innovation/

WorldBridge’s SME cluster zone breaks ground in Takhmao town

WorldBridge Industrial Developments Co Ltd on November 27 broke ground on its long-awaited WorldBridge i4.0 SME Cluster zone in Kandal province. ...

Hin Pisei
https://www.phnompenhpost.com/business/worldbridges-sme-cluster-zone-breaks-ground-takhmao-town

Hyatt hotel in capital set for January 2021 launch

The $180 million The Hyatt Regency Phnom Penh hotel is set to launch in January, marking the brand’s first venture into the Kingdom’s capital. Local conglomerate Chip Mong Group signed a management agreement with Chicago, US-based Hyatt Hotels Corp in September 2016 for the hotel, ...

Thou Vireak
https://www.phnompenhpost.com/business/hyatt-hotel-capital-set-january-2021-launch

Seeds sown for Stung Treng agriculture

Stung Treng provincial authorities will work with integrated food-distribution company Hun Ty Co Ltd to exploit the province’s potential for crop cultivation and potentially set up a processing plant for export down the line, provincial administration spokesman Men Kung told The Post on November 26. ...

Hin Pisei
https://www.phnompenhpost.com/business/seeds-sown-stung-treng-agriculture

Gov’t credit guarantee unit set for 2021

The Credit Guarantee Corporation of Cambodia (CGCC) is on track to be launched in the first half of next year, Banking Association of Cambodia (ABC) president In Channy told The Post on November 26. The CGCC was established by Sub-Decree No 140 ANKr BK on ...

Thou Vireak
https://www.phnompenhpost.com/business/govt-credit-guarantee-unit-set-2021

UNDP push for gov’t bonds as investors request good returns

The United Nations Development Programme (UNDP) has renewed calls for the Cambodian government to issue sovereign bonds in riels to underpin the government’s effort on de-dollarisation and protect the economy against external shocks. ...

Harrison White
https://www.khmertimeskh.com/50786840/undp-push-for-govt-bonds-as-investors-request-good-returns/

Seeds sown for Stung Treng agriculture

Stung Treng provincial authorities will work with integrated food-distribution company Hun Ty Co Ltd to exploit the province’s potential for crop cultivation and potentially set up a processing plant for export down the line, provincial administration spokesman Men Kung told The Post on November 26. ...

Hin Pisei
https://www.phnompenhpost.com/business/seeds-sown-stung-treng-agriculture

Japan donates $3 million to fight marine plastic waste

The Japanese government will provide a $3 million grant to help Cambodia fight marine plastic pollution and promote a responsible cycle of using, reusing and recycling all forms of plastic waste.​The grant will fund an anti-waste project to be implemented by the Ministry of Environment, ...

Nov Sivutha
https://www.phnompenhpost.com/national/japan-donates-3-million-fight-marine-plastic-waste

MoC conducts workshop on Law on Consumer Protection

The Ministry of Commerce’s Directorate General of Consumer Protection, Competition and Fraud (CCF) has conducted a “National Dissemination and Planning Workshop on the Law on Consumer Protection” for relevant stakeholders and representatives of local and international organizations.​ ...

Sok Chan
https://www.khmertimeskh.com/50786648/moc-conducts-workshop-on-law-on-consumer-protection/

PPCBank bond trades on secondary market

In a first for the Cambodia Securities Exchange (CSX), a listed bond were traded on the secondary market on November 24, data from the bourse show. As a result, South Korea-owned Phnom Penh Commercial Bank Plc’s (PPCBank) first bond offering (PPCB23A) on the CSX saw ...

May Kunmakara
https://www.phnompenhpost.com/business/ppcbank-bond-trades-secondary-market

E-Commerce Strategy launched

Cambodia officially launched the E-Commerce Strategy on November 25 in a bid to achieve and drive forward competitive growth in trade and economic terms and aid in its pursuit of becoming an upper middle-income country by 2030 and a high-income country by 2050. ...

Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-strategy-launched

Indications of new strength in bilateral trade with Thailand

It was announced this week that Cambodia will soon establish a representative office, the Cambodia Business Council Centre (CBCC), in Thailand’s capital in a bid to facilitate trade and business activities between the two kingdoms. ...

Jason Boken
https://www.khmertimeskh.com/50786411/indications-of-new-strength-in-bilateral-trade-with-thailand/

Insurance market continues to grow amidst COVID-19

The total insurance market premium reached $201.7 million as of the third quarter of this year, an increase of 8.2 percent over the same period in 2019. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50785948/insurance-market-continues-to-grow-amidst-covid-19/

Royal Group planning 100sq km SEZ in Botum Sakor National Park

The Royal Group of Companies Ltd, a leading local conglomerate, will invest in the construction of a 100sq km special economic zone (SEZ) in Koh Kong province’s Botum Sakor National Park. This is an apparent bid to capitalise on the ongoing inflow of investment to ...

May Kunmakara
https://www.phnompenhpost.com/business/royal-group-planning-100sq-km-sez-botum-sakor-national-park

Food safety forum chews over challenges

Among all of the industries affected by the pandemic, perhaps the food industry is one of the least surprising. Heavily interconnected with the tourism industry – particularly in hotspots such as Siem Reap and the capital – falling footfall and partial lockdowns have been biting. ...

Tom Starkey
https://www.khmertimeskh.com/50785811/food-safety-forum-chews-over-challenges/

Kingdom’s fight goes on against HIV/AIDS

Despite progress in the fight against HIV/AIDS, Cambodia still faces challenges in its bid to prevent new infections.​ ...

Sar Socheath
https://www.khmertimeskh.com/50785480/kingdoms-fight-goes-on-against-hiv-aids/

More than 2,000 voter registration observers approved by NEC

More than 2,000 national observers have been approved by the National Election Committee (NEC) to observe the 2020 voter list and voter registration process. ...

Ry Sochan
https://www.khmertimeskh.com/50785510/more-than-2000-voter-registration-observers-approved-by-nec/

Ministry of Health initialises three-stage protocol for delegations

A new three-stage protocol was announced yesterday by the Ministry of Health for any meetings with the King and Queen Mother, as well as meeting with Prime Minister Hun Sen, Heng Samrin, president of the National Assembly and Say Chhum, president of the Senate. ...

Khann Chanvirak
https://www.khmertimeskh.com/50785807/ministry-of-health-initialises-three-stage-protocol-for-delegations/

US provides additional $600,000 in flood relief for families and communities

The United States, through the US Agency for International Development (USAID), yesterday provided $600,000 in humanitarian assistance to support the flood-response in Cambodia. ...

Sen David
https://www.khmertimeskh.com/50785808/us-provides-additional-600000-in-flood-relief-for-families-and-communities/

$91 million needed to repair flood-damaged infrastructure

The Ministry of Rural Development has estimated that $91 million is needed to fix roads and water pumps damaged by recent floods. ...

Tith Kongnov
https://www.khmertimeskh.com/50785842/91-million-needed-to-repair-flood-damaged-infrastructure/

27 startups and SMEs chosen for special government grants

Khmer Enterprise (KE) yesterday signed grant agreements with 27 startups and small and medium enterprises (SMEs) for the first and second Khmer Enterprise Assistance Package programme, responding to the challenges and impacts of the COVID-19 pandemic on Cambodian entrepreneurs. ...

Sok Chan
https://www.khmertimeskh.com/50785809/27-startups-and-smes-chosen-for-special-government-grants/

New $9M brickworks in Kampot

Kampot province has becomes the home of a new $9 million brickworks that was officially inaugurated on November 22. Equipped with state-of-the-art technology and an automated production line, the factory will be able to turn out 800,000 bricks per day in its initial phase, Kampot ...

Hin Pisei
https://www.phnompenhpost.com/business/new-9m-brickworks-kampot

Prakas on tax debt management issued

The Ministry of Economy and Finance on November 20 issued Prakas No 962 SHV BrK on Tax Debt Management. The new prakas sets forth rules and procedures relating to tax debt management and aims to ensure a more efficient, effective and transparent collection process. ...

Thou Vireak
https://www.phnompenhpost.com/business/prakas-tax-debt-management-issued

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