Cambodia plans electricity price cut to revive economy
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.
A person wearing mask in Phnom Penh amid the spread of the COVID-19 pandemic (Photo: Xinhua/VNA)
PhnomPenh (VNA) – The Cambodian government has issued a plan on reducingelectricity tariffs for firms in four key sectors – manufacturing, agriculture,commercial and service – for five months to beef up the economy plagued by theCOVID-19 pandemic.
Accordingly,starting from June, electricity bills are expected to be reduced by 25 percentbased on previous averages from January to March of this year.
TheElectricity Authority of Cambodia will issue details of the electricity tariffnext week before the programme is implemented next month, The Phnom Penh Postnewspaper quoted Victor Jona, director-general of the ministry’s GeneralDepartment of Energy, as saying.
Thecountry’s National Committee for Combating COVID-19 last week discussed easingrestrictions and reopening businesses in priority sectors.
Infact, Cambodian people are gradually returning to their usual routines as nonew infections were recorded over the past month and 122 infected cases weredischarged from hospitals.
OrVandine, spokeswoman for the Ministry of Health, revealed some sectors whichcould be allowed to reopen such as restaurants, entertainment establishmentsand schools.
However,she warned that as the government charts a course to recovery from thepandemic, it is necessary for everyone to be responsible for preventing asecond wave of coronavirus outbreak./.
General Secretary of the Cambodian National Assembly Leng Peng Long on May 20 expressed his gratitude for 30,000 face masks the Vietnamese National Assembly (NA) granted to its Cambodian counterpart and the Cambodian Senate.
Phnom Penh governor Khuong Sreng has warned that any restaurants which do not follow medical guidelines to prevent the spread of COVID-19 would be temporarily closed until they comply with regulations.
Cambodia has lifted a ban on entry of visitors from Iran, Italy, Germany, Spain, France and the US that had been put in place to curb the spread of the COVID-19, the Health Ministry said on May 20.
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.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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A person wearing mask in Phnom Penh amid the spread of the COVID-19 pandemic (Photo: Xinhua/VNA) 
