Government

Firm wins rights to ticket sales at Kirirom, Prek Toal

The Ministry of Environment awarded rights to ticket sales at Kirirom National Park and the Prek Toal bird sanctuary to locally-owned firm Lim Sok Cheng for 2021. Kirirom National Park covers 8,401ha in Kampong Speu province and is 44km from the provincial capital of the ...

Thou Vireak
https://www.phnompenhpost.com/business/firm-wins-rights-ticket-sales-kirirom-prek-toal

Ministry mulls ASEAN+3 travel bubble

The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid the crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-asean3-travel-bubble

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

Oil money to boost digital education

The government has announced it will make good use of future “oil money” by directing some of it to the promotion of digital education designed to meet the domestic demand for technical and skilled personnel. ...

Jason Boken
https://www.khmertimeskh.com/50802717/oil-money-to-boost-digital-education/

Rural electrification aims to be complete by 2023

The Ministry of Mines and Energy has announced a 2023 target date for the electrification of the Kingdom’s rural villages. Victor Jona, director-general of energy and spokesman for the Ministry of Mines and Energy, said the 2023 target date will see electrification having been delivered ...

Sok Chan
https://www.khmertimeskh.com/50802348/rural-electrification-aims-to-be-complete-by-2023/

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

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

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

Sand mining contracts cause serious concerns

The Ministry of Mines and Energy has called for bids for sand mining licences across 2,000 hectares in Koh Kong and Preah Sihanouk provinces. Sand mining is conducted mainly at open pits, beaches, inland dunes or from the dredging of ocean and river beds. ...

Jason Boken
https://www.khmertimeskh.com/50801310/sand-mining-contracts-cause-serious-concerns/

Sunny future predicted for photovoltaics

The United Nations Development Programme (UNDP) Cambodia’s resident representative, Nick Beresford, said yesterday solar technology is moving fast, is far cheaper than carbon-based energy and provides clean electricity. He said the UNDP is working with the Ministry of Mines and Energy on projects to ensure ...

Sok Chan
https://www.khmertimeskh.com/50801824/sunny-future-predicted-for-photovoltaics/

NBC outlines 2021 risks for personal debt growth

The National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. ...

Sok Chan
https://www.khmertimeskh.com/50799995/nbc-outlines-2021-risks-for-personal-debt-growth/

Voter list ‘must be distributed to all political parties’

The list of registered voters must be distributed to all political parties, irrespective of whether they are recognised or not, as it a mandatory requirement for them to check it during an election.   ...

Khann Chanvirak
https://www.khmertimeskh.com/50799654/voter-list-must-be-distributed-to-all-political-parties/

Cambodia, Thailand to boost cooperation

The Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) and Thailand International Cooperation Agency (TICA) have pledged to further enhance cooperation on trade and investment. ...

Sar Socheath
https://www.khmertimeskh.com/50799647/cambodia-thailand-to-boost-cooperation/

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

Approval in principle for new airport

The government has approved in principle the construction of a new domestic airport in Mondulkiri province under a public-private partnership (PPP). The approval was signed by the Council of Ministers’ Permanent Secretary of State Hing Thoraxy on New Year’s Eve. ...

Sok Chan
https://www.khmertimeskh.com/50800187/approval-in-principle-for-new-airport/

Cambodian milled rice exports reached $538 million in 2020

Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, has announced the Kingdom’s rice paddy production and milled rice export totals for 2020. The minister revealed that of the nation’s approximate 3.4 million hectares of paddy fields, more than 3.26 million hectares were in harvest, yielding ...

Sok Chan
https://www.khmertimeskh.com/50800218/cambodian-milled-rice-exports-reached-538-million-in-2020/

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

$500K investment for SMEs to improve e-commerce

A $500,000 investment will go towards 125 small and medium sized businesses set to gain grants and training in online commerce according to a joint press release by the Ministry of Commerce of the Kingdom of Cambodia, the Enhanced Integrated Framework (EIF) and the UN ...

Khmer Times Staff
https://www.khmertimeskh.com/50798664/500k-investment-for-smes-to-improve-e-commerce/

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

Despite COVID-19 pandemic, Cambodia’s tax revenue continues to rise, touching $5.3 billion

The Royal Government of Cambodia collected $5.3 billion as tax and customs revenues in 2020, although the Kingdom’s economy is being hit by the COVID-19 crisis. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50798745/despite-covid-19-pandemic-cambodias-tax-revenue-continues-to-rise-touching-5-3-billion/

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