News
Tourism sector ‘needs 200K new workers’
A Ministry of Tourism official announced on October 11 that the country would need an additional 200,000 trained tourism professionals if it was to fulfil its target of receiving 7 million international tourists a year by 2020. Try Chhiv, deputy director-general of the Ministry of Tourism, said ...
Shark fin trade swims on, despite ban
Pungent piles of dried fish meat fill tiny shops on the ground floor of Phnom Penh’s Phsar O’Russei as the latest catch flops in metal basins. Hanging from some stalls are bags of half-meter long, leathery, dried shark fins—destined for expensive bowls of a soup ...
Gov’t, Vietnam exchange blame on logging
Cambodian conservation officials spoke publicly for the first time on October 10 about what they described as nearly three years of corrupt practices by their Vietnamese counterparts in facilitating the multibillion-dollar illicit trade in Siamese rosewood. But their complaint comes amid allegations from Hanoi that ...
Coal outgrows hydropower
As Cambodia’s demand for electricity grows and domestic energy production increases, new data released from the Ministry of Mines and Energy on October 10 show that coal-fired energy generation surpassed hydroelectricity for the first time last year. According to the Cambodia National Energy Statistics 2016, a joint ...
Thai group promises to build new SEZ
Prime Minister Hun Sen welcomed a pledge by a Thai-based industrial real estate developer on October 10 that promised to build a special economic zone in Cambodia, despite officials saying the company has yet to make any firm commitments. According to local media, the pledge was made ...
Kamworks will harness sun to power residential tower
Kamworks Utility has clinched a deal to install and operate what could be the first commercial solar power system on a high-end residential tower in Cambodia, contributing to efforts to reduce elevated electricity costs through renewable energy, a company representative said on October 6. The Dutch-founded ...
Gov’t scoops up more mining revenue
In the first eight months of the year the Ministry of Mines and Energy has already surpassed its annual target for non-tax revenue collection from sand dredging and construction material-related mining operations, collecting 117 percent of the $6.6 million outlined in the 2016 national budget, ...
‘Footloose’ garment sector continues to drive growth
Despite an onset of risks—the uncertainty of upcoming elections, a looming E.U.-Vietnam free-trade deal and a rising U.S. dollar—the immediate outlook for Cambodia’s economy remains bright, a World Bank report released on October 5 says. But the country will have to address looming challenges now in order ...
ADB offers Cambodia new $1B loan package
The Asian Development Bank has committed more than $1 billion in new loans to Cambodia over the next three years to help the country invest in infrastructure, education and other priorities, government officials announced on October 5. Finance Minister Aun Porn Moniroth announced the $1.09 ...
US still urging Cambodia to broaden and clarify union law
The U.S. is continuing to urge the government to change and clarify key parts of a controversial trade union law that took effect in April, including an amendment to cover civil servants, the U.S.’s international labor affairs representative said on October 5. Sarah Fox, who was ...