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.
Cambodian National Police Chief General Neth Savoeun on June 5 asked all officers to monitor social media platforms such as Facebook for posts by ill-intentioned groups who attack the government.
Cambodia collected 8,42 billion riel (about 2 billion USD) in national revenue in the first four months of 2020, up 10 percent against the same period last year.
The National Assembly of Cambodia on June 4 adopted two draft laws on anti-money laundering (AML) and counter-terrorist financing (CFT) and on combating the financing of weapons of mass destruction (WMD) proliferation.
Increased demand from Vietnam has led to a significant recovery in Cambodia’s pepper prices at the beginning of this year’s harvest season, the Phnom Penh Post quoted Cambodia Pepper and Spice Federation president Mak Ny as saying.
The Garment Manufacturers Association in Cambodia (GMAC), the Cambodia Footwear Association (CFA) and the European Chamber of Commerce in Cambodia (EuroCham) on June 2 requested the European Commission to postpone its withdrawal of the ‘Everything But Arms’ (EBA) preferential trade scheme for 12 months so that the apparel, footwear and travel goods sectors recover.
Tourist destinations across Cambodia welcomed nearly 400,000 visitors during the first three weeks of May, said the country’s Minister of Tourism Thong Khon.
Deputy Prime Minister and Foreign Minister Pham Binh Minh hosted a reception in Hanoi on May 26 for Cambodian Ambassador Chay Navuth who has just begun his tenure in Vietnam.
Cambodian Health Minister Mam Bun Heng announced on May 25 that his country will be enforcing a mandatory 14-day quarantine for all passengers flying to the nation.
Cambodia’s GDP growth is projected to drop 0.3 percent due to the impact of the COVID-19 pandemic and economic slowdowns in China, the EU and the US, Moody’s Investors Service has said.
Cambodia will go ahead with plans to host the 13th Asia-Europe Meeting (ASEM 13) from November 16-17, said Luy David, Secretary of State for Foreign Affairs and International Cooperation and Head of the ASEM 13 National Secretariat.
The Council for the Development of Cambodia (CDC) has recently approved five investment projects worth 174.8 million USD that are expected to generate 2,458 jobs for locals.