Cambodia approves five projects to create jobs for locals
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.
A Cambodian garment factory employee (Photo: khmertimeskh.com/)
Phnom Penh (VNA) - The Council for the Development of Cambodia (CDC) has recently approvedfive investment projects worth 174.8 million USD that are expected to generate 2,458jobs for locals.
The projects include the construction of a five-starhotel and facilities serving solar power production in the provinces of PreahSihanouk, Kampong Speu, Battambang, and Svay Rieng.
Investment pouring into the country amid the spread ofCOVID-19 manifests investors’ confidence in the country’s macro-economicconditions and political and social stability.
The number of jobs to be created, however, cannot fullycompensate for those lost, as thousands of Cambodian workers are still unable toreturn to work in Thailand. The EU, meanwhile, is likely to revoke theEverything But Arms (EBA) trade preference scheme for Cambodia in August, whichwill add to unemployment numbers.
Some 55,000 apparel workers and 4,300 people workingin the tourism industry who have lost their jobs due to the pandemic willreceive financial assistance of 40 USD per person per month, starting nextweek.
The Garment Manufacturing Association in Cambodia(GMAC) said about 180 plants have ceased production while another 60 or so willdo so shortly, affecting 150,000 workers./.
Cambodian Ministry of Agriculture, Forestry and Fisheries on May 20 signed an agreement with the International Rice Research Institute (IRRI) aiming at improving the country’s rice sector through promoting research and enhancing productivity and resiliency.
The Cambodian government has issued a plan on reducing electricity tariffs for firms in four key sectors – manufacturing, agriculture, commercial and service – for five months to beef up the economy plagued by the Covid-19 pandemic.
Cambodia’s export of locally-assembled bicycles has increased in the context that bicycle industries around the world rust during the ongoing COVID-19 pandemic.
About 55,000 garment-textile workers and 4,300 others working in the tourism sector in Cambodia, who have become jobless by the COVID-19 pandemic, each will receive monthly financial support worth 40 USD through their Wing Specialised Bank accounts next week.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
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A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
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The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
A Cambodian garment factory employee (Photo: khmertimeskh.com/)
