Khmer Times

Local livestock numbers increase to fill demand

Local livestock numbers have been reported to be on the rise, showing that local production will soon be able to increase supply to local markets, which currently still depend strongly on imports. ...

Chea Vannak
https://www.khmertimeskh.com/50718744/local-livestock-numbers-increase-to-fill-demand/

Further gold production on horizon for Cambodia

Renaissance Minerals (Cambodia) Ltd, a subsidiary of Australia-listed Emerald Resources NL, said it has raised more funds during the first quarter of the year, with more development activities towards gold production next year. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50718690/further-gold-production-on-horizon-for-cambodia/

Lemongrass from Cambodia to the pots of the world

The update was provided by Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, who said that Cambodia can now export its lemongrass. ...

Khmer Times Staff
https://www.khmertimeskh.com/50718292/lemongrass-from-cambodia-to-the-pots-of-the-world/

Draft law reviewed to curb money laundering

Interior Minister Sar Kheng yesterday held a meeting to review a draft law on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in a bid to curb money laundering in the Kingdom. The move is motivated by the global money-laundering watchdog Financial Action ...

Khuon Narim
https://www.khmertimeskh.com/50718096/draft-law-reviewed-to-curb-money-laundering/

1,200 jobs to be created by shoe factory in Kandal province

L.Y. Footwear (Cambodia) Co., Ltd. has been given the green light to invest in the manufacturing of all forms of footwear, according to a press release of the Council for the Development of Cambodia (CDC). ...

Khmer Times Staff
https://www.khmertimeskh.com/50718289/1200-jobs-to-be-created-by-shoe-factory-in-kandal-province/

China seeks higher-level ties after pandemic ends

China’s Foreign Minister Wang Yi has called for higher level China-Cambodia relations after the COVID-19 pandemic. ...

Khuon Narim
https://www.khmertimeskh.com/50718093/china-seeks-higher-level-ties-after-pandemic-ends/

US, Australia funding flows for Cambodia’s COVID-19 response

The United States, through the US Agency for International Development, yesterday committed a $1.5 million aid to the Ministry of Health to help in the Kingdom’s efforts to mitigate the spread of coronavirus. The donation is the latest COVID-19 assistance from the US, with its ...

Som Kanika
https://www.khmertimeskh.com/50718117/us-australia-funding-flows-for-cambodias-covid-19-response/

Chinese and Cambodian Armed Forces Joined Hands in Fighting COVID-19

On April 25, 2020, the Chinese Air Force transport plane, loaded with anti-pandemic materials, landed at Phnom Penh Airport again, bringing deep affection and good wishes from the 1.4 billion Chinese people and 2 million Chinese People’s Liberation Army officers and soldiers. ...

Li Jingfeng
https://www.khmertimeskh.com/50718168/chinese-and-cambodian-armed-forces-joined-hands-in-fighting-covid-19/

Leasing Industry registers 63 percent surge in 2019

The Central Bank has reported that the total value in the leasing industry was recorded at  1,169 billion KHR ($287million), an increase of about  63 percent in 2019 compared with the year before. ...

Sok Chan
https://www.khmertimeskh.com/50718028/leasing-industry-registers-63-percent-surge-in-2019/

Real estate boosted last year but likely to suffer this year

The inflow of foreign direct investment (FDI) into the real estate sector in Cambodia was estimated at more than $437.3 million in 2019, according to data from the just-issued National Bank of Cambodia’s (NBC) Annual Banking Supervision Report 2019. ...

Sok Chan
https://www.khmertimeskh.com/50718100/real-estate-boosted-last-year-but-likely-to-suffer-this-year/

Free-trade talks continue despite the pandemic

Cambodia is closer to inking trade deals with developed economies despite the ongoing COVID-19 pandemic. Seang Thay, a spokesperson at the Ministry of Commerce, told Khmer Times yesterday that the free-trade agreement (FTA) negotiations between Cambodia, South Korea, China and ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50717809/free-trade-talks-continue-despite-the-pandemic/

10,000 workers fail to return to Phnom Penh after KNY

About 10,000 garment workers who visited their home provinces during the Khmer New Year failed to return to Phnom Penh for fear of being quarantined, with some of them resorting to farming, an official said. ...

Sen David
https://www.khmertimeskh.com/50717706/10000-workers-fail-to-return-to-phnom-penh-after-kny/

Two land brokers arrested for forest encroachment

Kampong Chhnang Provincial Military Police on Sunday arrested two men who allegedly cleared and encroached on a protected flooded forest area without approval from relevant authorities. ...

Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50717786/two-land-brokers-arrested-for-forest-encroachment/

Sharp drop in wages sent back to Kingdom

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...

Sorn Sarath
https://www.khmertimeskh.com/50717705/sharp-drop-in-wages-sent-back-to-kingdom/

Oriental Pratincole’s nests discovered in Cambodia

BirdLife Cambodia has announced to discover nests of the Oriental Pratincole in the Southeastern part of Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/50717973/oriental-pratincoles-nests-discovered-in-cambodia/

Japanese firms in Cambodia biomass and solar power venture

According to Japan’s The Mainichi News, the company, a renewable energy producer Aura Green Energy Co. has teamed up with another Japanese partner to launch a hybrid power generation business in 2021, with the aim of securing the country’s power supply stability. ...

Khmer Times Staff
https://www.khmertimeskh.com/50717991/japanese-firms-in-cambodia-biomass-and-solar-power-venture/

Cambodia’s exports to Thailand soar 115 percent

Cambodia’s exports to Thailand skyrocketed in the first three months of this year, although the two countries have faced strict movement of cross-border trade because of the deadly COVID-19 pandemic. ...

Chea Vannak
https://www.khmertimeskh.com/50717339/cambodias-exports-to-thailand-soar-115-percent/

SMEs urged to register with the new specialised bank

The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...

Sorn Sarath
https://www.khmertimeskh.com/50717402/smes-urged-to-register-with-the-new-specialised-bank/

New NBC guidelines on financial institutions

The National Bank of Cambodia (NBC) has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a letter it wrote. ...

Sok Chan
https://www.khmertimeskh.com/50717330/new-nbc-guidelines-on-financial-institutions/

Kingdom’s neighbours may start to ease restrictions

Cambodia’s bellwether neighbours – Thailand and Vietnam – have started to propose easing extreme COVID-19 restrictions that have devastated local economies and greatly affected civil society because of ultra-low rates of new infections and no new deaths last week. ...

Harrison White
https://www.khmertimeskh.com/50717221/kingdoms-neighbours-may-start-to-ease-restrictions/

Six detained over forest clearing in Mondulkiri

Mondulkiri provincial court sent six people in pre-trial detention on Friday and Saturday on separate charges of deforestation and encroachment on natural protected areas, the provincial department of environment revealed. ...

Pech Sotheary
https://www.khmertimeskh.com/50717269/six-detained-over-forest-clearing-in-mondulkiri/

Military officer arrested over alleged land encroachment

Stung Treng Provincial Military Police on Saturday arrested a high-ranking military officer suspected of illegally clearing and encroaching on 50 hectares of land within a state-owned natural protected area. ...

Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50717255/military-officer-arrested-over-alleged-land-encroachment/

Unregistered NGOs warned of legal action

The Environment Ministry has warned it will take legal action against NGO workers who conduct illegal activities in protected areas as they are not registered with the Interior Ministry. ...

Pech Sotheary
https://www.khmertimeskh.com/50717254/unregistered-ngos-warned-of-legal-action/

Australia and Cambodia work together to boost agriculture sector

Australian Ambassador Pablo Kang has met Cambodian Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon to discuss strengthening agricultural exports and how Australia can assist boosting local food security and rural incomes. ...

Chea Vannak
https://www.khmertimeskh.com/50716472/australia-and-cambodia-work-together-to-boost-agriculture-sector/

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