ASEAN top leaders touch on green infrastructure development and sustainable tourism to bolster regional trade

What have ASEAN leaders learned from COVID – 19? Top ASEAN leaders recently held an online video conference gathering for the 36th ASEAN Summit on 26 June 2020 with representatives of the ASEAN Business Advisory Council (ASEAN-BAC). The meeting achieved a joint statement based on the theme of “Cohesive and Responsive ASEAN in 2020”. The lessons learned from COVID-19 have led to the redirect...

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Tbong Khmum Governor initiates 8,000 hectare flooded forest preservation area for ecotourism

The Tbong Khmum provincial administration plans to transform over 8,000 hectares of flooded forest into s flooded forest preservation area for serving the ecotourism sector, according to H.E. Cheam Chansophorn, Provincial Governor of Tbong Khmum at a press conference on Progress and Continuing Direction of Tbong Khmum Province on 25 June 2020. “If we can preserve this flooded forest, where ther...

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PM Hun Sen: US$100 million to help developing rural infrastructure while creating more jobs

The USD$100 million in rural infrastructure projects that the government is providing not only helps develop local infrastructure but also provide jobs for people. The statement was made by Prime Minister Hun during the delivery on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. The Prime Minister explained how the government had never declared...

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PM calls for loan restructuring for private educational institutions

Prime Minister Hun Sen has called for bank institutions to prepare loan restructuring to help release the burden on private educational institutions during the post-COVID-19 period. The PM made the call in his speech on the “Cash Transfer Program for Poor and Vulnerable Households during COVID-19” on 24 June 2020. “The National Bank of Cambodia should discuss with private banks and other fin...

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PM Hun Sen: house demands still on course amid COVID-19

Cambodian people are still reportedly able to afford for buying houses at housing construction projects amid the COVID-19 pandemic. However, Cambodia’s economic growth this year projected to growth at the negative growth rate. In a visit to inspect construction process of new Phnom Penh international airport on June 22, Samdech Techo Hun Sen, Prime Minister of Cambodia said that Cambodia’s econ...

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Government allocates US$100 million for rural infrastructure development

The Royal Government of Cambodia has allocated 451 billion riels (approximately US$109 million) for building physical infrastructure in rural areas and promoting agriculture, and in particular providing jobs due to the COVID-19 pandemic crisis. According to a press release from the Ministry of Economy and Finance, the ‘Labour Cash Program Phase II’ fund will be implemented for three years from ...

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Koh Kong Administration: Dara Sakor Airport is not for military service

Photo Source: The New York Times Due to the scepticism of numerous analysts who have questioned the role of Dara Sakor Airport, on 11 June 2020, HE Ms Mithona Phouthong, Koh Kong Provincial Governor recently rejected any claim of use for military service saying that the area was only built for tourism. Analysts continue to be sceptical about the intention of the Dara Sakor Airport citing evi...

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Indonesia building road for Cambodia in the leader’s name to symbolise lasting friendship

The Republic of Indonesia has proposed to build a road in Cambodia that can be named after the ASEAN nation’s senior leadership to symbolise the historic and long-standing ties between Cambodia and Indonesia. The proposal was made during a meeting between H.E. Sun Chanthol, Minister of Public Works and Transport and H.E. Sudirman Haseng, to Cambodia on 5 June 2020. The Ambassador proposed th...

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Sihanoukville receives US$10 billion investment for tourism and hotel services

Sihanoukville has received a total investment of US$10 billion in tourism and hotel services, according to a report by the Sihanoukville provincial administration on 10 June 2020. To date, Sihanoukville province has a total of 194 investment projects worth US$30 billion in operation, in which 60 companies has invested in the tourism and hotel services worth more than USD$ 10 billion. H.E. Ko...

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GMAC issues appeal letter requesting landlords to reduce rental fees by 30%

The Garment Manufacturers Association in Cambodia (GMAC) issued a formal letter on 08 May 2020 appealing to landlords who lease premises for all garment, footwear, and travel bag industries in Cambodia to reduce their rental fees by at least 30% for 3-6 months given the severe impact of COVID-19 on the sector. In its appeal letter, GMAC stated that to date, 180 factories have suspended producti...

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