Ministries and other national bodies

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 ...

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. ...

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 ...

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 ...

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 ...

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. ...

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 ...

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. ...

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 ...

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. ...

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 ...

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 ...

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. ...

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 ...

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. ...

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 ...

The government on December 28 held an inter-ministerial meeting to discuss setting up a digital television platform as part of the Kingdom’s shift away from analogue. Held at the Ministry of Economy and Finance, the meeting discussed the would-be platform operator’s models of management and ...

The seventh annual NBC Macroeconomic Conference 2020 commenced yesterday under the theme of  “Discussion of  Cambodia’s Economic Development Models”.  It is being held virtually and will conclude on the morning of Dec 29. ...

Mr Hun Sen considers Cambodia’s first drop of oil as a blessing to the Cambodian nation. The revenue raised from this oil production will be used for two priority areas: education and health. ...

The Ministry of Environment on December 28 issued a report detailing crackdowns on illegal activities in protected natural areas and biodiversity conservation corridors. ...

The Ministry of Tourism has drafted a strategy to serve as its roadmap to rehabilitate and promote the tourism industry during and after the Covid-19 crisis. A meeting between the National Tourism Development Committee and relevant stakeholders on December 24 agreed to divide the 2020-2025 ...

Cambodian importers and exporters can now apply for ASEAN Customs Declaration Documents (ACDD) electronically through the ASEAN Single Window (ASW), the General Department of Customs and Excise of Cambodia (GDCE) said on December 24. ...

A $380 million 400MW heavy fuel oil power facility in Kandal province’s eastern Lvea Em district has been completed, and on reserve to generate electricity when demand reaches a high enough level, according to a senior official at the Ministry of Mines and Energy. ...

The Ministry of Commerce has begun the review of the policy and strategy for Free Trade Agreement (FTA) to optimise its benefits both for Cambodia and concerned parties. ...