Government
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/
$400m investment inked for another hydro project
SINOMACH China Heavy Machinery Co Ltd, the Ministry of Energy and Mines of Cambodia and the Cambodian National Electric Power Co formally signed an implementation agreement, lease agreement and power purchase agreement for the build-operate-transfer (BOT) investment project of the Shangddai Hydropower Station to utilise ...
Khmer Times Staff
https://www.khmertimeskh.com/50799201/400m-investment-inked-for-another-hydro-project/
Three more investment projects valued at more than $15 million approved by CDC
The Council for the Development of Cambodia (CDC) has issued investment certificates to three companies to invest in the production of all kinds of cardboard boxes, light bulbs and their accessories, all kinds of packaging materials, and metal processing. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50798738/three-more-investment-projects-valued-at-more-than-15-million-approved-by-cdc/
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
PM: Nov 28 event concluded
Prime Minister Hun Sen officially declared that the “November 28 community incident” – a reference to the first confirmed case of Covid-19 local transmission – was now over as the situation had been brought under control. Hun Sen made the announcement as he addressed the ...
Mom Kunthear
https://www.phnompenhpost.com/national/pm-nov-28-event-concluded