Business

Kuy Vat, a businessman, was arrested for allegedly issuing bad checks, a photo post on Freshnews.

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CIC’s Kuy Vat Charged Under Negotiable Instruments and Payment Transactions Law, Queries Ongoing

27 Aug 2024 7:23 PM|
Khuon Narim|

The Phnom Penh Municipal Court on Tuesday charged prominent businessman Kuy Vat, a board member of Cambodian Investors Corporation (CIC). The legal move was lauded by investors, who were victims of the CIC venture, but called for investigations and a resolution having lost millions of dollars invested.

The phone shops in Phnom Penh, June 3, 2024. (CamboJA/Pring Samrang)

Business ·

Phone Shop Owners, Netizens Decry Seizure, Temporary Closure of Five Tbong Khmum Shops

4 Jun 2024 9:13 AM|

Five mobile phone shops in Tbong Khmum province were temporarily closed after General Department of Customs and Excise officers confiscated some 1,300 duty-free mobile phones, a move that was strongly criticized by the public.

A technician cleans an air conditioner in a house in Phnom Penh on May 24, 2024. (CamboJA/Pring Samrang)

Business ·

World Bank Approves $40m Credit for Skills Training Project To Raise Cambodians’ Skills Level, Job Prospects

24 May 2024 5:29 PM|

The World Bank approved a $40 million U.S credit that will train 33,000 Cambodians to enhance their skills and improve opportunities in the labor market. The credit from the World Bank’s International Development Association aims to raise the quality of job-related skills in the workforce, and increase the employability and earnings of workers, according to a statement on Friday.

The ministers of three ministries and senior officials hold a meeting on May 6, 2024. (Agriculture Ministry’s Facebook)

Business ·

Three Ministries To Solve Farmers’ Water, Yield Issues, As Farmers Hope For Market Resolution

10 May 2024 3:12 PM|

A first-ever tripartite meeting among three ministries - Agriculture, Fisheries and Forestry, Rural Development, and Water Resources and Meteorology - was held on May 6 to discuss problems and solutions, amid a water crisis. However, farmers have asked the Ministry of Commerce (MoC) to also join the discussions to resolve market issues.

Deputy Prime Minister Sun Chanthol, first vice president of the Council for the Development of Cambodia, (standing, second from right) and Wang Yi, Chinese Minister of Foreign Affairs (standing, second from left), witness the signing of agreements in Phnom Penh on April 22, 2024. (Picture from CDC page)

Business ·

China To Aid Development of Rural Water Supply, Among Three Agreements Signed During Wang Yi’s Visit

23 Apr 2024 9:32 PM|

China will aid Cambodia’s second phase development of rural water supply and agriculture master plan following the signing of three agreements during a three-day visit by Chinese Foreign Affairs Minister Wang Yi.

Tan Ang, a vendor in Preah Dak village, prepares steamed palm cakes on April 1, 2024. (CamboJA/ Seoung Nimol)

Business ·

Siem Reap Businesses Anticipate Quiet Khmer New Year Amidst Drop in Tourism

4 Apr 2024 5:50 PM|

Siem Reap Province-Before the pandemic, Tan Ang was able to make $100 in a weekend selling steamed palm cakes in Preah Dak village in Siem Reap. Now, her earnings are half of that, and for the Khmer New Year celebrations coming up this month, she has low expectations.

Farmers harvest rice in Battambang province’s Bavel district on November 20, 2022. CamboJA/Sok Savy

Business ·

Rice Stakeholders Raise Issues Impeding Efforts To Meet Export Market Standard

31 Mar 2024 1:44 PM|

Lack of technical assistance, an unstable market and poor irrigation system are among key problems raised by Cambodian farmers, rice millers, traders, producers, development partners and research institutes.

Prime Minister Hun Manet announces a special program to boost investment in Preah Sihanouk province, January 31, 2024. (Hun Manet’s Facebook)

Business ·

Special Investment Program Launched in Sihanoukville, Shooting Ranges Ordered Shut

31 Jan 2024 8:18 PM|

Prime Minister Hun Manet on Wednesday launched a three-part special program with investment benefits to resolve the stalled constructions in Preah Sihanouk, as well as attract investors and boost the economy after years of deadlock. The program is in line with plans to turn the province into a multi-purpose special economic zone.

The city of Phnom Penh, on November 23, 2022. (CamboJA/ Pring Samrang)

Business ·

World Bank: Key Reforms Needed for Cambodia to Become Upper-Middle Income Country

27 Jan 2024 2:21 PM|

As 2024 begins, Cambodia faces an economic slowdown that could jeopardize the country’s goal of becoming an upper-middle income country by 2030. Advances in the nation’s business environment, infrastructure and workforce are needed to stay on course, according to a World Bank economic analysis.

CIC’s Kuy Vat Charged Under Negotiable Instruments and Payment Transactions Law, Queries Ongoing

Phone Shop Owners, Netizens Decry Seizure, Temporary Closure of Five Tbong Khmum Shops

World Bank Approves $40m Credit for Skills Training Project To Raise Cambodians’ Skills Level, Job Prospects

Three Ministries To Solve Farmers’ Water, Yield Issues, As Farmers Hope For Market Resolution

China To Aid Development of Rural Water Supply, Among Three Agreements Signed During Wang Yi’s Visit

Siem Reap Businesses Anticipate Quiet Khmer New Year Amidst Drop in Tourism

Rice Stakeholders Raise Issues Impeding Efforts To Meet Export Market Standard

Special Investment Program Launched in Sihanoukville, Shooting Ranges Ordered Shut

World Bank: Key Reforms Needed for Cambodia to Become Upper-Middle Income Country

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