The Phnom Penh Post
ASEAN-Hong Kong FTA set for Feb 12
The part in relation to Cambodia under the ASEAN-Hong Kong free trade agreement (FTA) and Investment Agreement (IA) is set to take effect on February 12, according to Hong Kong’s Trade and Industry Department. The Kingdom will be last country in which the two agreements ...
Thou Vireak
https://www.phnompenhpost.com/business/asean-hong-kong-fta-set-feb-12
Ministry revises safe village-commune policy
An inter-ministerial meeting chaired by Minister of Interior Sar Kheng on January 8 revised the framework of the so-called safe village-commune policy and renamed it the safe village-commune-district policy. ...
Voun Dara
https://www.phnompenhpost.com/national/ministry-revises-safe-village-commune-policy
20K jobs await returning migrants
The Ministry of Labour and Vocational Training has announced that it will provide 20,000 jobs in the domestic market to migrant workers who have returned from Thailand. ...
Mom Kunthear
https://www.phnompenhpost.com/national/20k-jobs-await-returning-migrants
2020-2021 academic year commences
Prime Minister Hun Sen said that although the world is united in fighting Covid-19 and has yet to achieve complete victory over the outbreak, Cambodia will forge ahead with the opening of the 2020-2021 academic year on January 11, celebrating the theme “a new life ...
Voun Dara
https://www.phnompenhpost.com/national/2020-2021-academic-year-commences
Applause after non-bank finance regulator minted
The private sector applauded the establishment of the Non-Bank Financial Services Authority (NBFSA) following Senate approval of a draft law on its organisation and function. ...
May Kunmakara
https://www.phnompenhpost.com/business/applause-after-non-bank-finance-regulator-minted
Tariffs anew for exports to US as GSP lapses
Cambodian importers and buyers of the Kingdom’s travel goods to the US are now required to pay import duties as the latter’s Generalised System of Preferences (GSP) preferential tariff system expired on December 31 and is awaiting renewal by Congress. ...
May Kunmakara
https://www.phnompenhpost.com/business/tariffs-anew-exports-us-gsp-lapses
Ministry, Japan agri-firm ink MoU
The Ministry of Commerce on January 6 signed a memorandum of understanding (MoU) with Japan’s Yamato Green Co Ltd to develop value chains for agribusiness products. Having registered with the Ministry of Commerce on April 22, Yamato Green has had relative success in growing safe ...
Thou Vireak
https://www.phnompenhpost.com/business/ministry-japan-agri-firm-ink-mou
In-principle nod given to securities companies in Kingdom
The Securities and Exchange Commission of Cambodia (SECC) on January 5 approved in principle a handful of applications for licences. In a press release on the minutes of an SECC meeting led by chairman and Minister of Economy and Finance Aun Pornmoniroth, the securities regulator ...
Thou Vireak
https://www.phnompenhpost.com/business/principle-nod-given-securities-companies-kingdom
CBC wins consumer credit reporting award
Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) scooped an award for “Excellence in Consumer Credit Reporting”, CBC said in a January 5 press release. UK-based “reputed international business magazine” Global Business Outlook (GBO) honoured the locally-owned CBC for its “exceptional performance” in Cambodia’s ...
May Kunmakara
https://www.phnompenhpost.com/business/cbc-wins-consumer-credit-reporting-award
Cambodia-Malaysia double tax agreement now in effect
The double tax avoidance agreement (DTA) between Cambodia and Malaysia came into effect on January 1, ushering in optimism and hope in the private sector that bilateral investment will garner steam. Royal Code NS/RKM/1120/023, dated November 14, 2020, promulgated the “Law on the Approval of ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-malaysia-double-tax-agreement-now-effect
Chilli exports ratchet up a red-hot 27% in spicy 2020
The government’s policy to boost productivity performance in the agricultural sector has lit a fire under the Kingdom’s exports, with shipments of fresh chilli flaring up 27.08 per cent from 55,513 tonnes in 2019 to 70,546 tonnes in a spicy 2020, according to Minister of ...
Hin Pisei
https://www.phnompenhpost.com/business/chilli-exports-ratchet-red-hot-27-spicy-2020
Firms yearn for investment law in 2021
Optimism prevails in the private sector that the Investment Law widely anticipated to launch later in the year will spell new momentum in the Kingdom’s industrial diversification in parallel with the region and beyond. The current edition of the law comprises 11 chapter and 39 ...
May Kunmakara
https://www.phnompenhpost.com/business/firms-yearn-investment-law-2021
Gov’t calls on public to help with wildlife, forestry conservation
Minister of Environment Say Sam Al urged the public to prevent land disputes and contribute to forest and wildlife conservation in the Phnom Tnout-Phnom Pok Wildlife Sanctuary. ...
Nov Sivutha
https://www.phnompenhpost.com/national/govt-calls-public-help-wildlife-forestry-conservation
Justice ministry: 89 per cent court case backlog cleared
Just 222 days after the launch of a campaign to address the court case backlog throughout the Kingdom, the Ministry of Justice has cleared 35,100, or 89 per cent, out of a total of 39,152 cases that were pending. ...
Voun Dara
https://www.phnompenhpost.com/national/justice-ministry-89-cent-court-case-backlog-cleared
WCS Cambodia finds five nests of frog-headed turtle
The Wildlife Conservation Society’s (WCS Cambodia) Nest Protection Team, in collaboration with the Fisheries Administration, have found five nests of the critically endangered Cantor’s Giant Softshell Turtle (also known as frog-headed turtle) during the 2020 breeding season on a beach along the Mekong River in ...
Mom Kunthear
https://www.phnompenhpost.com/national/wcs-cambodia-finds-five-nests-frog-headed-turtle
NBC: 4% economic growth in 2021
The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-4-economic-growth-2021
An outlook into 2021 economy
Cambodia’s economy will contract two per cent in 2020 before swiftly recovering to four per cent growth this year, the World Bank projects, citing effective government measures that respond to the specific needs of the most affected sectors – including tourism, garments and textiles, and ...
May Kunmakara
https://www.phnompenhpost.com/business/outlook-2021-economy
Crab banks buoy marine fisheries yields
Provincial fisheries officials have said the development of crab banks in community fisheries has gradually boosted marine crab output. Crab banks are where pregnant crabs are stored until their attached eggs hatch. Members of fisheries communities who catch pregnant crabs are obliged to sell them ...
Thou Vireak
https://www.phnompenhpost.com/business/crab-banks-buoy-marine-fisheries-yields
Ministry to spend $500M on 5-year vocational master plan
Ministry of Labour and Vocational Training will spend nearly $500 million to accomplish a five-year master plan in improving Technical and Vocational Education and Training (2021-2025) by focusing on four strategies. ...
Niem Chheng
https://www.phnompenhpost.com/national/ministry-spend-500m-5-year-vocational-master-plan
Ministries to establish more medical facilities in Kingdom
The ministries of Health and Interior have plans in the works to establish nearly 30 new medical facilities in underserved provinces, including health centres, health posts and referral hospitals. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ministries-establish-more-medical-facilities-kingdom
Private clinics ordered to follow prescription rule
The Ministry of Health has again reminded all private health service providers to issue computer-printed prescriptions and results from laboratories after finding that some clinics still give patients handwritten paperwork which is not in accordance with medical regulations. ...
Mom Kunthear
https://www.phnompenhpost.com/national/private-clinics-ordered-follow-prescription-rule
Lake filling in capital draws CSOs concern
Civil society organisations (CSOs) working on the environment and human rights have expressed concern about filling parts of Boeung Tamok Lake to create new parcels of land on the outskirts of Phnom Penh. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/lake-filling-capital-draws-csos-concern
Minister: Transparency vital in identifying poor households
Minister of Interior Sar Kheng has instructed all municipal and provincial governors to improve the process of identifying poor households qualified for financial support from the government’s cash handout programme. The move came after Minister of Planning Chhay Than urged local authorities not to collude with ...
Niem Chheng
https://www.phnompenhpost.com/national/minister-transparency-vital-identifying-poor-households
Banteay Meanchey eyes mountains as potential natural heritage areas
Banteay Meanchey Provincial authorities are studying nine mountains in Malai, Preah Netr Preah, and Mongkol Borei districts, including Sisophon town, with the intention of listing them as natural heritage sites once the study is complete and a number of details have been settled. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/banteay-meanchey-eyes-mountains-potential-natural-heritage-areas