The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

With the expectation of attracting around 4 million international and 15 million domestic tourists this year, Cambodia expects the tourism sector to generate about $4 billion. ...

With the growing effects of climate change increasingly a major concern globally, balancing economic activities with environmental considerations has never been more urgent. ...

Cambodia’s economy is forecast to grow at 5.5 percent in 2023 and 6 percent in 2024, due to a stronger tourist rebound and faster growth in the services sector, according to a report by Asian Development Bank (ADB). ...

Cambodia’s first premium seaplane service is slated to start operations in late-2023 to early-2024, initially connecting Phnom Penh with locations within a 1.5-hour flying time. ...

The Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) recorded a total revenue of almost $64 million throughout the 2023 year, marking an increase of 137 percent compared to 2022 annual revenues, says the Cambodia Securities Exchange (CSX). ...

Credit cards in Cambodia have grown 20 percent in 2023, showing that customers have become more savvy in using new financial instruments. ...

Cambodia will spend nearly $60 billion under the National Strategic Development Plan 2019-2023 and 75 percent of the funding will come from development partners. ...

Kandal provincial governor Kong Sophorn yesterday promised to provide clean and safe water access for all by 2023. Currently, around 81 percent of households in the province have access. Speaking during a press conference held at the Council of Ministers, Mr Sophorn said people across ...

Cambodia and China are committed to increasing bilateral trade to $10 billion by 2023, from $8 billion last year, according to a senior official at the Cambodian Ministry of Commerce. ...

Japan wants Cambodia to hold next year’s general election in a democratic way, Foreign Minister Yoshimasa Hayashi told the heir apparent of Cambodian Prime Minister Hun Sen, Hun Manet on Monday. ...

The government has revised down its 2023 growth forecast for the Cambodian economy to 5.6 per cent versus the 6.6 per cent it put forth in October, citing uncertainty about global economic growth tied to the Ukraine conflict, climate change and the Covid-19 crisis. ...

The Ministry of Education, Youth and Sport has pledged to increase public school teachers’ wages to a minimum of 1.5 million riel by next year ...

Cambodia’s unemployment rate is expected to decline to 0.3 percent in 2023 from 0.4 percent last year, according to the latest figures released on Sunday by the labour ministry based on the data of the United Nations agency International Labour Organisation (ILO). ...

Cambodian economic growth for 2023 is expected to be 6.6 per cent higher than the of the current gross domestic product of 32,291 million. GDP per capita is predicted to rise to $1,924, from the current figure of $1,785, according to the outcome of an ...

World Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. ...

The CAPFISH-Capture: Post-harvest Development project team in Cambodia received the 2023 Gender Equality Mobilisation Award (GEM Award) at the United Nations Industrial Development Organisation (UNIDO)’s General Conference on Tuesday in Vienna, Austria. ...

Cambodia has seen a spike in the number of people arrested in drug involvements despite a drop in the amount of narcotics seized in 2023, according to an Anti-Drug Police Department (ADP) report on Friday. ...

Cambodia’s exports to the European Union (EU) last year were worth $3.66 billion – a more than nine percent decrease from the $4.04 billion registered in 2022, according to the Ministry of Commerce. ...

In the first semester of 2021, Chinese investment in the Kingdom remained the highest of any foreign nations. The total value of Chinese finance reached around $5 billion, an increase of 31 percent when compared to the previous year. ...