Kingdom aims to leapfrog technical skills
RAC president meets leaders of Japanese AI firm to study enhancing cooperation.
Category: Business
Lights out at Pub Street: Business owners face darkest hour
Near-apocalyptic scenes with extreme levels of abandoned shop fronts.
Thailand task force to track tourists
The Royal Thai Police is forming a special task force to track down tourists infected with COVID-19.
Public and private sector needed to improve eco-tourism development
Local authorities are being pushed to improve the quality of their services.
GTI again delays releasing its quarterly financial report
Grand Twins announces the delay of its financial report for a second time.
Australia applauds new money laundering stance
Australian Embassy congratulates Cambodia on combatting money laundering laws.
Financially strapped private schools request quick reopening by gov’t
Private education service providers welcome reopening the nation’s schools.
Preah Sihanouk province prepares for returning Chinese nationals
Preah Sihanouk authorities call to prepare as more Chinese nationals return.
$3.8 bln in capital investment approved during the first six months of the year
Around 2,522 approved construction projects are ongoing across the country.
Market Watch
The easing of lockdowns is providing hope the global economy will bounce back from an expected recession this year.
Britain and France decide on Huawei 5G
China urges France to guarantee a “fair and just” environment for its companies.
Undeterred: China Huaneng commits to training engineers for Cambodia despite challenges
The power station, accounts for 14 percent of the power generated in Cambodia.
NagaWorld gets green light to resume gaming operations
Clearance Certificate is obtained by NagaWorld to reopen with effect from Wednesday.
Outside help to support visitors
UNWTO to support Cambodia to restore the tourism sector after COVID-19 ends, according to Tourism Minister Thong Khon.
Ministries collaborate with local insurance firms over COVID-19 to make tourism easier
A collaboration to issue the $50,000 insurance certificate required for foreign travellers.
The impact of Coronavirus on Cambodia
Gov’t predicted real economic growth to be negative 1.9 percent in 2020.
Japan business confidence worst since 2009 crisis
Confidence among major Japanese manufacturers has plunged to its worst level.
Market Watch
Oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.
Three investment projects worth over $14 million approved in first three days of July
CDC has approved three new investment projects with a total investment capital of $14.4 million in the first week of July.
Government has collected $9 million in cash deposits from foreign travelers
The Government has received around $9 million in deposited cash from the 3,000 foreign travellers who had arrived in Cambodia as of June 30th after it imposed regulations
45,000 tourist sector workers out of jobs as COVID-19 wreaks havoc on Cambodia’s tourism industry
The COVID-19 pandemic has wreaked havoc on Cambodia’s tourism industry, with nearly 3,000 tourism and tourism-related businesses closing and more than 45,000 workers losing jobs as of May.
Phnom Penh to have modern underground parking spaces worth $160 Million
Phnom Penh is planning to construct three modern underground parking spaces totaling $160 million.
Australia keen on investing in renewable energy in Cambodia
Australia is interested in investing in renewable energy in Cambodia such as hydropower and solar power.
Cambodia’s rubber exports increase by 17 percent in first five months
Cambodia exported 97,175 tonnes of rubber to foreign markets in the first five months of this year, an increase by 17 percent compared to the same period last year.
PRASAC gets $150 million bank credit
PRASAC receives $150 M in credit facilities from KB Kookmin Bank.
New directive on controlling mining
The government has issued a prakas (directive) on controlling and managing the use of construction mining resources.
Labour unions urge brands to raise workers’ low wages
Clothes brands are blamed over contributing to garment workers’ low wages.
Further delay for Macau Legend’s acquisition of Siem Reap land
Macau Legend will have to wait a little longer before it can start its resort.
Consumer groups rap Google’s Fitbit deal
An international group of consumer groups and NGOs denounced Google’s bid for sports smartwatch-maker Fitbit yesterday, saying it would threaten privacy and grant the search giant unfair access to a new market.
India opens vast railway network to private players
India allows firms to operate trains on certain routes, in a bid to boost economy.
