Private sector investment key to Asia infrastructure
Governments in Asia must create a more conducive environment to encourage private sector investment in infrastructure construction, according to experts, who advocate an innovative financing mechanism. ...
Khmer Times Staff
Cambodia to allow 100 percent private investment in Phnom Penh – Ho Chi Minh high-speed railway
Prime Minister Hun Sen said on Wednesday Hun Sen, that Cambodia will allow the private sector to invest 100% in the new high-speed railway linking Phnom Penh capital of Cambodia to Ho Chi Minh City of Vietnam. ...
Khmer Times Staff
PM Hun Sen highlights private sector’s role in contributing to achieving ASEAN’s priority works
Prime Minister Hun Sen has highlighted the roles that private sector can play so as to contribute to achieving the priority works and work plan of ASEAN in 2022. ...
Khmer Times Staff
CamDX to add three more ministries to its network
The Industry Science Technology and Innovation, Tourism and the Post and Telecommunications ministries will join the newly launched Cambodia Data Exchange (CamDX) platform to exchange data with other ministries as well as with the private sector. ...
Royal Government and Private Sector convene GPSWG-D meeting
The Government-Private Sector Working Group D (GPSWG-D) on Law, Tax and Governance held a meeting via videoconference to discuss challenges the private sector is facing in this hard time of COID-19 pandemic. ...
Khmer Times Staff
Circular economy strategy, plan launched
The government, with support from development partners, on June 28 launched the National Circular Economy Strategy and Action Plan, as well as an affiliated platform to engage the private sector in the Kingdom’s transition towards a circular economy. ...
Electricity investment exceeds $6B
The government attracted more than $6 billion in electricity investment between 2006 and the end of last year. This is in response to rising electricity demands and is in line with government goals to reduce its cost for both commercial and residential users. ...
Private sector urged to maintain good relations with government
Minister of Labour and Vocational Training Ith Sam Heng on Monday urged the private sector to maintain good relations with the government to boost social and sustainable economic development in Cambodia. His comments were made at the Annual Government-Private Sector Forum held at a hotel ...
New law set to benefit those working in the private sector
Workers and employees in the private sector will receive the same benefits as those in the public sector if they pay their income tax and fulfill other legal requirements. The recently passed Law on Social Security Schemes states that workers and employees in the private ...
Tax authority reveals new target
The General Department of Taxation (GDT) has announced that it aims to increase revenue from tax collection by 19 percent with a new strategy for the next four years based on sustainability and fair competition in the private sector. ...
Cambodia business costs under fire
Private-sector representatives in Cambodia are deeply concerned by the government’s inability to reduce the cost of doing business in the country, and they warn that the country would start to lose investors if the situation did not improve. At a logistics forum hosted by the European ...
The Phnom Penh Post and ភ្នំពេញប៉ុស្តិ៍
Private sector urged to invest in cassava
Government officials yesterday called for more private investment in cassava production, arguing it will help boost and diversify Cambodian exports. ...
Initiative Encourages Private Rural Investment
Representatives from more than 90 Cambodian businesses gathered yesterday at the Council of Ministers building in Phnom Penh to hear about a new initiative that aims to encourage private sector investment in agriculture. The $55.6 million project is an extension of the Asian Development Bank’s (ADB) ...
Election worries for tourists
Chris Leyland had forgotten about Cambodia’s national elections when he made plans to travel into Phnom Penh from Vietnam with Jess Jackson, 34, and her two children. Had Leyland, a 41-year-old from Oxford, UK, remembered that it wasn’t going to be a normal weekend in Cambodia, ...
Private side can spark investment
The government has called on private sector partnership for investment in Cambodia’s infrastructure; a move officials say will help funnel more foreign funds into the country. Speaking at a seminar on Public Private Partnership (PPP), the Minister of Commerce, Cham Prasidh, conceded that help was needed ...
Robust Recovery Continues
Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...
MIME launches business award
The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...
Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy
Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...
Macau To Cambodia Route ‘In Negotiation’
A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...
Investment to aid low earners
US-BASED Overseas Private Investment Corporation (OPIC) yesterday signed a deal to provide a $5 million long-term loan to Thaneakea Phum (Cambodia) Ltd (TPC), a local microfinance institution (MFI), to support TPC’s expansion of its home improvement loans for low-income Cambodians. Fernanda Lima, director of US-based socially ...
Hun Sen Shares Vision of Rubber Plantation Boom
Reporting that the country had achieved better than expected economic growth last year, Prime Minister Hun Sen yesterday targeted a rapid expansion of the country’s rubber industry and predicted that almost 1 in 10 Cambodians would soon be working in rubber. “Agriculture continues to play ...
Ecotourism in Cambodia up 9.7 per cent
Ecotourism sites in the northeast of Cambodia last year saw visitor growth of 9.7 per cent – a total of 53,374 tourists – compared with 2011, an official said yesterday during the first Workshop on Northeast Ecotourism Development, organised by the Ministry of Tourism. Tith Chantha, ...