Cambodia morning news for August 9

Cambodia morning news for August 9

Cambodia morning newsCambodia‘s Trade Volume Rise to $14 Billion Within Six Months of 2018
Within the first six months of 2018, Cambodian trade volume reached $14 billion, of which 5.8 billion was an export, an increase of 11%; and $ 8.2 billion import, an increase of 10.6% compared to the same period in 2017.
— Fresh News

Cambodia’s condo-ridden housing crisis
In January 2018, Chinese Premier Li Keqiang visited Cambodia and oversaw the signing of 19 new development deals. The deals were announced just a few weeks after Chinese firms pledged to invest an additional US$7 billion in Cambodia, including for a highway construction project that will connect the capital city of Phnom Penh with the country’s main port city, Sihanoukville.
— East Asia Forum

Kampot International Port’s Construction Kicks Off on 8 August 2018
Kampot International Port began the construction at 8:00 am on 8 August 2018, presided over by Thong Khon, Minister of Tourism, with the participation of Cheav Tay, Kampot governor, representative of the Asia Development Bank (ADB) Phnom Penh, and about 800 civil servants.
— Fresh News

Hun Sen: SME Bank to boost agroprocessing industry
Prime Minister Hun Sen yesterday said the upcoming government-backed bank for small and medium-sized enterprises (SME Bank) will finance firms involved in agroprocessing, particularly those creating finished products destined for the local and international markets.
— Khmer Times

Nearly 1M apply for consumer credit in first half
Some 905,000 Cambodians applied for consumer credit in the first half of this year compared with 670,000 over the same period last year, the latest report from the Credit Bureau of Cambodia (CBC) said.
— The Phnom Penh Post

Chinese firm’s investment in banana farm approved
The government yesterday gave the green light to a Chinese-owned firm, Longmate Agriculture Co Ltd, to invest in a banana plantation in Kampot province.
— Khmer Times

More demand for organic products in Thailand and Cambodia, but production costs remain high
The demand for organic food is growing in Thailand and Cambodia, but production costs have yet to come down.
— Food Navigator

Gov’t: move to revoke improper documents nearing conclusion
The General Immigration Department said that the program to revoke official documents that were not properly issued, to mostly 70,000 ethnic Vietnamese, was about 70 per cent complete.
— The Phnom Penh Post

Cambodian-Americans Demand Cambodia Gov’t ‘Restore Democracy’
At the annual Overseas Khmer Summit (OKS), rights activists and academics in the Cambodian diaspora denounced the election and appealed to the international community to intervene.
— VOA Cambodia

Government to monitor social media criticism
Prime Minister Hun Sen yesterday warned that government officials monitoring social media accounts are able to pinpoint a user’s location and identity in under eight minutes.
— Khmer Times

Cambodia to Become a High Middle-Income Country by 2030: PM Hun Sen (Video inside)
Prime Minister Hun Sen is optimistic that Cambodia could achieve the vision of becoming a high middle-income country by 2030 with the assistance of Japan and China, addressing to 18,467 workers from 14 factories in Kampong Speu Province on Wednesday.
— Fresh News

Acleda top for CSX trading accounts
Aceleda Securities Plc (ACS) has become the company with the most registered trading accounts on the Cambodia Securities Exchange (CSX) during the first half of this year, according to a press release on Tuesday.
— The Phnom Penh Post

Can Cambodia’s farmers survive climate change?
The afternoon clouds did little to take the edge off the extreme heat Yan Horl endures toiling in his rice field.
— Mekongeye

Smart Axiata takes food delivery player Nham24 under its wing
The Smart Axiata-backed Digital Innovation Fund (Sadif) has acquired a minority stake in Nham24, one of the Kingdom’s leading online food delivery services, a press release said on Tuesday.
— The Phnom Penh Post

Ministry pledges funds to unpaid workers
The Ministry of Labour has pledged to allocate a special fund to assist garment workers who were deprived of their wages following the closure of their factory at Phnom Penh’s Por Senchey district amid the death of its owner.
— The Phnom Penh Post

Cambodia: Cambodia Disaster 2018 Humanitarian Response Forum (HRF) Report – No. 10 (as of August 7, 2018)
Due to the monsoon season and heavy rainfall resulting from Tropical Storm SON-TINH passing over Northern, Central and Southern Laos PDR.
— Reliefweb

 

Feature photo Maya-Anaïs Yataghène

 

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Cambodia morning news by AEC News Today is your one stop source for Cambodia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

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Sreypov Men

junior writer/ trainee journalist at AEC News Today
Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages. She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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