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March Newsletter 2020

March Newsletter 2020

15/March/2020

2020 International Woman Day - #EachforEqual 

Women’s rights and gender equality are taking centre stage in 2020. This year theme for International Women’s Day is, “I am Generation Equality: Realizing Women’s Rights”.

Women’s rights and gender equality are taking centre stage in 2020. This year theme for International Women’s Day is, “I am Generation Equality: Realizing Women’s Rights”.

It is aligned with UN Women’s new multigenerational campaign, Generation Equality, which marks the 25th anniversary of the Beijing Declaration and Platform for Action. Adopted in 1995, at the Fourth World Conference on Women in Beijing, China.

The Generation Equality campaign is bringing together people of every gender, age, ethnicity, race, religion and country, to drive actions that will create the gender-equal world we all deserve.

It will also mark several other galvanizing moments in the gender equality movement: a five-year milestone towards achieving the Sustainable Development Goals; the 20th anniversary of UN Security Council resolution 1325 on women, peace and security; and the 10th anniversary of UN Women’s establishment.

The emerging global consensus is that despite some progress, real change has been agonizingly slow for the majority of women and girls in the world. Today, not a single country can claim to have achieved gender equality. Multiple obstacles remain unchanged in law and in culture. Women and girls continue to be undervalued; they work more and earn less and have fewer choices; and experience multiple forms of violence at home and in public spaces. Furthermore, there is a significant threat of rollback of hard-won feminist gains.

The year 2020 represents an unmissable opportunity to mobilize global action to achieve gender equality and human rights of all women and girls.

FIRST PHASE OF AFFORDABLE HOUSING IN CAMBODIA

The first affordable housing project targeting lower- and middle-income families will be completed by end of this year, according to the source in charge of the project.

Worldbridge Homes Co. General Manager, Yuk Sothirith released that Serey Mongkul Satellite City located outskirts of the Phnom Penh, land size 23 hectares with a total investment of approximately USD73 million. It had completed 603 houses and balance 2,457 houses are in the midst of building. 

Deputy Prime Minister and Minister of Land Management, Urban Planning, and Constructon, Chea Sophara announced that government would be assisting with infrastructure such as roads, water and electricity. 

In 2017, the government drew up affordable housing policy; aim to improve the life of low- and middle-income earners by encouraging developers to diversify their focus towards low-cost housing developments.

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INSPIRATION LIBRARY OPENS TO PUBLIC 

Inspiration library is now open to the public and welcome everybody to read a great selection of books. It is situated at Factory Phnom Penh, the largest multi-purpose hall in the capital, operating hours Monday to Friday from 8 am to 5 pm.

The purpose is to encourage younger generation to do more reading. In order to attract them and make reading more comfortable, the library is furnished with luxury artistic furniture. From a large comfy sofa to a mini-conference table, all seat options were designed to please the long hour book worm.

In additions, it also offers membership subscription, the fee charging at 10,000 riel (USD 2.5) annually as well as monthly book exchange programme.

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INVESTOR CONFIDENCE STILL STABLE

The Council for the Development of Cambodia (CDC) had recently approved six projects worth more than USD 677.9 million, reported by press release.

It proven that global coronavirus outbreak and Everything But Arms (EBA) issue with the Kingdom have not impacted investor confidence.

CDC had approved Royal Cambodian Hospital Co Ltd’s with capital investment of USD478 million that is set to create 1,500 jobs. Located along Hun Sen Boulevard.

Subsequently, retail, water treatment plant and a footwear factory was also granted the approval in Phnom Penh with a total capital investment of USD125.4 million that will create 1475 jobs.

CAMBODIA EARNS 4.92 BILLION USD FROM TOURISM LAST YEAR

Cambodia’s tourism revenue reached USD 4.92 billion in 2019, a year-on-year increase of 13 percent, according to the Ministry of Tourism’s report.

China was the biggest source of tourists to Cambodia followed by neighboring country, Vietnam and Thailand.

Tourism plays an important sector towards the country’s economy, contributing 12.1% towards Cambodia’s gross domestic product (GDP) last year, based on the report.

The Ministry of Tourism forecast that Cambodia is likely to receive 6.45 million international tourists this year, a decrease of 2.4% due to COVID-19 outbreak.