The Phnom Penh Post

Climate change driving rise in natural disasters: NCDM

Over 100 people have been killed, 250 injured and 10,000 homes damaged by strong winds, lightning and fires across Cambodia in the first nine months of the year, according to a report from the National Committee for Disaster Management (NCDM). ...

Orm Bunthoeurn
https://phnompenhpost.com/national/climate-change-driving-rise-natural-disasters-ncdm

Interior minister calls for tightening of border control management

Minister of Interior Sar Sokha has urged the provincial governors of border provinces and joint forces to tighten management and control over border crossings. This directive comes in the wake of reported irregularities linked to negligence in the performance of their duties. ...

Kim Yutharo
https://phnompenhpost.com/national/interior-minister-calls-tightening-border-control-management

Manet redirects $200M to social programmes

Prime Minister Hun Manet said the state has saved over $200 million through the suspension of non-urgent research and case study projects. He has directed the funding towards more pressing target, such as the expansion of social protection and disaster relief. ...

Samban Chandara
https://phnompenhpost.com/national/manet-redirects-200m-social-programmes

Cambodia’s EoDB index still positive: EuroCham

Cambodia’s ease of doing business (EoDB) index remains positive despite external challenges including global inflation and the Russia-Ukraine conflict, according to the Business Confidence Survey 2023 by the European Chamber of Commerce (EuroCham). ...

May Kunmakara
https://phnompenhpost.com/business/cambodias-eodb-index-still-positive-eurocham

DCTS scheme reduces tariffs on UK exports

The Ministry of Commerce has urged exporters to adhere to the UK’s rules of origin (RoO) in order to benefit from their Developing Countries Trading Scheme (DCTS), a system of graduated tariffs on imports. ...

Van Socheata
https://phnompenhpost.com/business/dcts-scheme-reduces-tariffs-uk-exports

Looking forward: Cambodia unveils FinTech policy 2023-28

Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth unveiled Cambodia’s Financial Technology (fintech) Development Policy for 2023-2028, asserting its potential to harness the advantages of digital transformation in the financial sector and invigorate the country’s socio-economic landscape. ...

Hin Pisei
https://phnompenhpost.com/business/looking-forward-cambodia-unveils-fintech-policy-2023-28

EnerCam pioneers onshore oilfield exploration, ESG/CSR

Canada-owned EnerCam Exploration Ltd, through its subsidiary Angkor Resources Corp, has completed a community assessment mission on Block VIII, a 7.3sq km oil and gas license, with a focus on environmental, social, and governance (ESG) principles and corporate social responsibility (CSR). ...

May Kunmakara
https://phnompenhpost.com/business/enercam-pioneers-onshore-oilfield-exploration-esgcsr

AMAF meeting focuses on resilience and food security

The ASEAN Ministers on Agriculture and Forestry (AMAF) have reached agreements on various documents, encompassing strategic guidance, technical matters and joint communication, reaffirming their commitment to cooperation in matters of food security, agriculture and forestry. ...

Samban Chandara
https://www.phnompenhpost.com/national/amaf-meeting-focuses-resilience-and-food-security

Manet urges UK cooperation on renewable energy, green economy

During his October 4 meeting with British ambassador Dominic Williams, Prime Minister Hun Manet reiterated that Cambodia’s foreign policy – including bilateral relations with the UK – will remain unchanged under his administration. The premier also expressed hope that more Cambodian products will be exported ...

Sok Raksa
https://www.phnompenhpost.com/national/manet-urges-uk-cooperation-renewable-energy-green-economy

Cambodia-Oz trade dips 8.5%

Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). Concurrently, imports from Australia ...

Hin Pisei
https://phnompenhpost.com/business/cambodia-oz-trade-dips-85

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

May Kunmakara
https://phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

Manet commits to annual wage increases for workers

While acknowledging that the new minimum wage for factory workers falls short of their expectations, Prime Minister Hun Manet reaffirmed the government’s commitment to providing a yearly increment, however modest. This dedication, he noted, stands in contrast to certain countries that have not granted any ...

Neang Sokunthea
https://phnompenhpost.com/national/manet-commits-annual-wage-increases-workers

Pheaktra, Thai journos to combat ‘fake news’

Minister of Information Neth Pheaktra met with Thai ambassador Cherdkiat Atthakor and a delegation from the Journalists Association of Thailand at the ministry headquarters in Phnom Penh on October 2 to discuss strengthening information cooperation in order to combat misinformation, said a ministry press release. ...

Ry Sochan
https://phnompenhpost.com/national/pheaktra-thai-journos-combat-fake-news

Australia finance NGOs, 49 major community projects

Australia has pledged A$7.9 million ($5 million) to support 26 Australian NGOs in collaboration with Cambodian counterparts, aiming to initiate 49 community projects across all provinces. Australian deputy ambassador Andreas Zurbrugg announced the commitment during the “Australia-Cambodia NGO Consultation 2023”, which saw participation from over 70 ...

Ry Sochan
https://phnompenhpost.com/national/australia-finance-ngos-49-major-community-projects

Electrical exports spark to $2.1B

Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b

Petrol prices decline, diesel remains steady

Retail petrol prices have experienced a slight decrease after reaching their highest levels in a year, with regular gasoline now at 4,550 riel per litre, down from 4,750 riel in the previous 10 days. Diesel prices remain unchanged at 4,850 riel per litre. ...

May Kunmakara
https://www.phnompenhpost.com/business/petrol-prices-decline-diesel-remains-steady

CDC approves investment of $256.56 million, ‘27K new jobs’

The Council for the Development of Cambodia (CDC) approved 26 private ventures in September, totalling an investment of $256.65 million, projected to create 27,262 jobs. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-investment-25656-million-27k-new-jobs

AFD boosts MFIs, NBC reports

National Bank of Cambodia (NBC) governor Chea Serey has lauded the French government for its pivotal role in the expansion of the Kingdom’s financial industry, particularly its robust growth in the microfinance sector. ...

May Kunmakara
https://www.phnompenhpost.com/business/afd-boosts-mfis-nbc-reports

Cambodia-Oz trade dips 8.5%

Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-trade-dips-85

Ministry: Arrivals of foreign tourists soar in ‘23

The Ministry of Tourism reported a surge in foreign tourist arrivals in Cambodia for the first eight months of 2023. Over 3.5 million international visitors were recorded, marking a 250.8 per cent increase compared to the same period last year. A significant 84.7 per cent ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-arrivals-foreign-tourists-soar-23

MRC advances fund for climate-hit residents

The Mekong River Commission (MRC) took an important step towards creating a fund to aid residents most affected by climate change, combined with water infrastructure development, at the 56th meeting of the MRC joint committee in the Laotian capital Vientiane, on September 27. ...

Ry Sochan
https://www.phnompenhpost.com/national/mrc-advances-fund-climate-hit-residents

Employers praise minimum wage negotiations, unions raise concerns

Following the labour ministry’s announcement of a 2024 minimum wage set at $204 per month, the employers’ association has voiced their support, while trade union representatives and civil society organisations (CSOs) expressed their disappointment. ...

Van Socheata
https://www.phnompenhpost.com/national/employers-praise-minimum-wage-negotiations-unions-raise-concerns

US ambassador pledges tighter information links with Kingdom

US ambassador to Cambodia W Patrick Murphy October 2 met for talks with Minister of Information Neth Pheaktra, with both sides committing to strengthen cooperation in the information sector in the interests of both nations. ...

Ry Sochan
https://www.phnompenhpost.com/national/us-ambassador-pledges-tighter-information-links-kingdom

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. ...

May Kunmakara
https://www.phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

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