News
Record trade surplus for Australia
Australia boasted its biggest trade surplus on record in December as surging commodity prices showered the resource-rich nation in cash, a windfall that could lessen the risk of a downgrade to its triple A credit ratings. Yesterday’s data from the Australian Bureau of Statistics showed ...
Cambodia, Russia sign extradition treaty
Cambodia and Russia on Wednesday signed an extradition treaty in a bid to prevent cross-border crimes and human trafficking. Justice Ministry spokesperson Kim Santepheap told Khmer Times on February 2 that the deal was signed when Justice Minister Ang Vong Vathana visited Moscow earlier this week to ...
Banking top hiring sector, says Everjobs
For the second consecutive year the banking sector has been the top hiring industry in Cambodia spurred by increased demand for employees by a wave of new banks and microfinance institutions, according to an annual report released on February 2 by online career portal Everjobs Cambodia. ...
Siem Reap airport’s future up in the air
The government is ready to move forward with negotiations on compensation for stripping a French company of its concession to operate Siem Reap’s international airport, while plans for the construction of a new Chinese-operated airport to serve the provincial capital are close to being finalised, ...
JICA support for logistics
The Japan International Cooperation Agency will continue to support the development of Cambodia’s logistics sector in its partnership with the government to reduce transport costs and strengthen the country’s logistics infrastructure. This pledge was made by Kume Hidetoshi, the JICA representative in Cambodia, when he ...
Ministry wants TV series suspended
The Ministry of Culture and Fine Arts has increased the pressure on PNN TV to suspend screening of the love drama series “Pheakdey Sne Tve Phup” (True Love Continues from Past to Future), saying it contradicted the classic love story “Tum Teav” – the Khmer ...
Fintech potential still untapped
Digital financial services have the potential to significantly expand economic activity in Cambodia by bridging the gap between existing financial products and growing credit needs, according to a new study. Adopting digital financial services, or fintech, could increase the Kingdom’s GDP by about 6 percent, ...
Demand for meat rises
Cambodia’s expanding population, urbanization, economic growth and the changing consumption patterns of the population have created opportunities for the growth of the livestock sector in the country, according to the annual report of the Ministry of Agriculture, Forestry and Fisheries. “With an estimated annual human population ...
Minister plans railway for workers
The Labor Ministry is considering constructing a railway line connecting Phnom Penh and select provinces to special economic zones or industrial areas in response to the high number of road accidents involving commuting workers. Speaking at the 2016 Annual Report and Direction for 2017 of the ...
South Korea offers loan to Cambodia
South Korea has agreed to provide more than $400 million in loans to Cambodia for infrastructure and health development. Foreign Affairs Minister Prak Sokhonn and South Korean ambassador Kim Weon-jin signed two agreements at a ceremony on January 31 outlining loans that will be dispersed to ...
