The Phnom Penh Post

Gov’t sticks with 5.6% growth forecast

The government has kept its baseline projection for Cambodia’s economic growth this year at 5.6 percent, which was announced in late January, marking a sharp drop from the 6.6 per cent put forward in October, as the Ukraine conflict and geopolitical unrest caused regional and ...

May Kunmakara
https://www.phnompenhpost.com/business/govt-sticks-56-growth-forecast

Gov’t reveal 2024 revenue, spending plans

Cambodia is planning for government revenue and spending equivalent to 23.07 per cent and 26.29 per cent of GDP (gross domestic product) in 2024, respectively. ...

Van Socheata
https://www.phnompenhpost.com/business/govt-reveal-2024-revenue-spending-plans

Over 220,000 philanthropists help Kantha Bopha children’s hospitals

The Cambodian Kantha Bopha Foundation has successfully concluded its “10,000 riel, 10,000 donors” campaign, amassing more than $2 million in donations from a staggering number of over 220,000 contributors. Foundation officials have lauded this campaign as a standout, praising the active public participation it drew. ...

Long Kimmarita and Ry Sochan
https://www.phnompenhpost.com/national/over-220000-philanthropists-help-kantha-bopha-childrens-hospitals

Cambodia bans entry for all Meta oversight board members

Cambodia has declared a ban on entry for the 22 members of the Oversight Board for Meta, the parent company of Facebook, effective from July 4. If any of these members are currently in the country, they are required to leave within 48 hours. ...

Post Staff
https://www.phnompenhpost.com/national/cambodia-bans-entry-all-meta-oversight-board-members

Spirits high after NBC’s prakas on capital rules

The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...

May Kunmakara |
https://www.phnompenhpost.com/business/spirits-high-after-nbcs-prakas-capital-rules

Central bank's regulations to boost financial resilience in Cambodia

The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...

Sok Raksa
https://www.phnompenhpost.com/business/central-banks-regulations-boost-financial-resilience-cambodia

China, Vietnam, Thai markets make up 70% of Cambodia’s imports

Mainland China, Vietnam and Thailand accounted for $7.259 billion or 71.81 per cent of Cambodia’s total goods imports in the first five months of 2023, which amounted to $10.109 billion, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/china-vietnam-thai-markets-make-70-cambodias-imports

Draft intellectual property policy set for Cabinet

This year has seen the National Committee for Intellectual Property Rights (NCIPR) finalise a significant draft IP policy 2023-28 for submission to the Council of Ministers, as stated by minister and NCIPR chairman Pan Sorasak. ...

Sok Raksa
https://www.phnompenhpost.com/business/draft-intellectual-property-policy-set-cabinet

ADB prepare $200M water package

The Ministry of Water Resources and Meteorology and representatives of the Asian Development Bank (ADB) met for talks on June 27 to discuss long-term investment in projects that would support the ministry’s crucial functions. Following negotiations, the ADB prepared a new $200 million package of ...

Bor Pich Zelin
https://www.phnompenhpost.com/national/adb-prepare-200m-water-package

First six months of year sees 48% fall in landmine victims

The Cambodian Mine Action and Victim Assistance Authority (CMAA) have presented the results of a study on the impact of landmines and explosive remnants of war (ERW) in the first six months of the year, noting a 48 per cent reduction in the number of ...

Chea Sokny
https://www.phnompenhpost.com/national/first-six-months-year-sees-48-fall-landmine-victims

Forest community report fish poisoning

Buddhist monks and members of the forest community of Sorng Rukhavorn Wildlife Sanctuary have expressed deep concern over illegal fishing activities in the sanctuary. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/forest-community-report-fish-poisoning

Prime minister orders armed forces to shoot down drones along Vietnam border

Prime Minister Hun Sen ordered troops stationed along the border with Vietnam to start “shooting down” unidentified drones flying into Cambodia’s territory, in a Tuesday Facebook Live post. ...

Khuon Narim
https://cambojanews.com/prime-minister-orders-armed-forces-to-shoot-down-drones-along-vietnam-border/

ARDB: Establish firm market prices for rice

In a bid to uplift the livelihood of farmers and propel the government’s ambitious export plan, Kao Thach, director-general of the Agricultural and Rural Development Bank (ARDB), has called on rice mills and milled rice export companies to purchase rice from farmers at market price. ...

Van Socheata
https://www.phnompenhpost.com/business/ardb-establish-firm-market-prices-rice

Chinese-owned Kratie tyre plant gets CDC’s nod

Newbustar (Cambodia) Tire Co Ltd, a member of the Chinese state-owned Doublestar Group, is investing some $138 million in a tyre factory in Kratie province’s southeast to tap into the domestic market. ...

May Kunmakara
https://www.phnompenhpost.com/business/chinese-owned-kratie-tyre-plant-gets-cdcs-nod

ADB-backed new Kampong Thom trash facility inaugurated

The Tonle Sap Basin is now home to a new $4 million landfill. This crucial addition, part of the Second Urban Environment Management project, is set to enhance sanitation and environmental management services around the lake, part of which is located in Kampong Thom province. ...

Bor Pich Zelin
https://www.phnompenhpost.com/national/adb-backed-new-kampong-thom-trash-facility-inaugurated

NSSF call on companies to register staff

All companies, enterprises and businesses that employ one or more employees are required to register with the National Social Security Fund (NSSF). Those who attempt to evade registering their staff will face legal consequences, explained Sok Bora, director of the NSSF’s Benefits Division, as he ...

Chea Sokny
https://www.phnompenhpost.com/national/nssf-call-companies-register-staff

Three-week campaign period announced for forthcoming national election season

The campaign period for next month’s general election will last 21 days, from July 1-21, said Prach Chan, head of the National Election Committee (NEC), who also called for calm in the run-up to the election. ...

Kim Yutharo
https://www.phnompenhpost.com/national/three-week-campaign-period-announced-forthcoming-national-election-season

World Vision Cambodia aid over 4.5M vulnerable people

World Vision Cambodia (WVC) has extended a helping hand to more than 4.5 million vulnerable individuals, with a major focus on the country’s youth. In light of these achievements, the organisation has announced a strategic five-year plan to ensure sustainable wellbeing for an additional five ...

Long Kimmarita
https://www.phnompenhpost.com/national/world-vision-cambodia-aid-over-45m-vulnerable-people

Manet: Media acts as society’s mirror and democracy’s pillar

Hun Manet, a future prime ministerial candidate for the ruling Cambodian People’s Party (CPP) hails the media’s vital role in strengthening democracy and societal development. ...

Sok Raksa
https://www.phnompenhpost.com/national/manet-media-acts-societys-mirror-and-democracys-pillar

Minister describes infrastructure as ‘crucial’

Infrastructure is of crucial importance in developing the nation as it serves as the economic arteries of the Kingdom, linking each province to the next, said Minister of Environment Say Samal. ...

Sok Raksa
https://www.phnompenhpost.com/national/minister-describes-infrastructure-crucial

13th round of cash transfers underway to at-risk households

The Ministry of Social Affairs, Veterans and Youth Rehabilitation has begun the third payments of its 13th round of cash transfer programme to more than 700,000 impoverished and vulnerable households. The programme began during the Covid-19 pandemic. ...

Chea Sokny
https://www.phnompenhpost.com/national/13th-round-cash-transfers-underway-risk-households

Battambang denies encroachment on Sangke River

The Battambang Provincial Administration has rebuffed claims made by environmental NGO Mother Nature Cambodia that the historic Sangke River was being encroached upon by influential individuals who dumped soil into the river for personal gain.​ ...

Kim Yutharo
https://www.phnompenhpost.com/national/battambang-denies-encroachment-sangke-river

Informal tourism sector workers granted NSSF

Three ministries issued have a joint prakas on Health Equity Funds for employees in the informal tourism sector. The parkas, which was jointly signed on June 19 by Minister of Economy and Finance Aun Pornmoniroth, Minister of Health Mam Bun Heng and Minister of Labour ...

Neang Sokunthea
https://www.phnompenhpost.com/national/informal-tourism-sector-workers-granted-nssf

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