Home Authors Posts by VNA
The Cambodian government will launch a cash handout programme for more than 560,000 poor families affected by the coronavirus disease (COVID-19) in the country.
The Fisheries Administration of Cambodia has voiced concern over declining fish population caused by the decrease in water levels at lakes and rivers in the country, according to local media.
The Cambodian Ministry of Defence on June 19 and 20 held a series of activities to mark the 43rd anniversary of the start of the search for the way to overthrow the Polpot genocidal regime (June 20).
Cambodia Airports, which has been developing three international airports in the country, is looking forward to seeing travellers back to the Kingdom despite strict government health measures and a prolonged suspension of tourist visas to foreigners, according to the Khmer Times.
Cambodia’s rice exports are expected to reach 800,000 tonnes in 2020, an estimated rise of 29 percent compared to 2019, according to China’s Xinhua News Agency.
The Cambodian Senate has approved the draft Law on Anti-Money Laundering and Combatting the Financing of Terrorism following its adoption by the National Assembly earlier this month.
The Cambodia Rice Federation (CRF) and the National Bank of Cambodia (NBC) discussed ways to use the riel and the Chinese yuan in rice exports between China and Cambodia, Khmer Times newspaper reported on June 18.
The Cambodian Government on June 16 announced a plan to reduce the 2021 State budget to 4 billion USD due to the impacts of COVID-19.
Cambodia’s Agriculture and Rural Development Bank (ARDB) said that it has received more than 288 loan applications so far with a total value of 31 million USD from small and medium sized enterprises (SMEs), according to Khmer Times.
Cambodian Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic.
Two-way trade between Cambodia and Thailand hit 3.1 billion USD in four months of this year, up 18.3 percent year-on-year, Cambodia’s Fresh News website quoted the Cambodian Embassy in Thailand as saying on June 13.
The European Union (EU), its member states and their financial institutions and agencies are mobilising 443 million EUR (503 million USD) in grants and loans to work with Cambodia in fighting COVID-19 and mitigating its socio-economic impacts.
The Republic of Korea said on June 11 that it has made further progress in fleshing out details for the planned free trade agreement (FTA) with Cambodia, as Seoul seeks to broaden economic ties with Southeast Asian nations and diversify its export portfolio.
The third round of negotiations between Cambodia and China for a free trade agreement has solved all remaining text issues and approved in principal the market access on goods and services, according to the Khmer Times.
China’s Prince Real Estate Group has planned to develop an international standard tourist port at Prince Manor Resort centre in Kandal province of Cambodia, according to the Cambodian news agency Agence Kampuchea Presse (AKP).
Cambodian hotels will resume operations shortly while international flights are expected to commence from mid-June since the COVID-19 crisis has been eased, according to Clais Chenda, president of the Cambodian Hotel Association.
Cambodia’s agriculture sector is unlikely to be able to substantially absorb laid-off workers from the garment and tourism industries, according to a World Bank report.
Cambodia will see a huge loss in revenue generated from tourism sector of around 3 billion USD this year due to the COVID-19 pandemic spread, Khmer Times reported.
Cambodia will soon export mango to China to expand its agricultural product exports to foreign markets.
Hotels and international flights forced to close due to the COVID-19 pandemic in Cambodia are expected to reopen this month.