Investment in financial sector falls 28.7%
Investment in the financial sector declined by 28.7 percent in 2023, despite an increase in foreign direct investment (FDI) of 14.5 percent, according to the National Bank of Cambodia’s (NBC) 2023 annual report. ...
Mao Sreypich
https://kiripost.com/stories/investment-in-financial-sector-falls-287
Bank lending to households posts weak growth, says NBC
With bank credit growth reaching its lowest in two decades in Cambodia, households’ mortgage loans posted weak growth in 2023, said the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...
Rachel David
https://www.khmertimeskh.com/501492423/bank-lending-to-households-posts-weak-growth-says-nbc/
Cambodia expects three to four million foreign arrivals in 2023
Prime Minister Hun Sen expressed his hope that between three and four million foreign tourists will visit Cambodia this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501232098/cambodia-expects-three-to-four-million-foreign-arrivals-in-2023/
Cambodia announces the implementation of a single trademark application policy from august 2023
The Intellectual Property Department of the Ministry of Commerce of Cambodia issued Announcement No. 2501/R/DIP, stating that trademark applicants must unify and use a single trademark application for one or multiple classes of goods and services from August 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501338842/cambodia-announces-the-implementation-of-a-single-trademark-application-policy-from-august-2023/
UXO casualties down one third to date in 2023
Officials from the Cambodian Mine Action and Victim Assistance Authority (CMAA) reported that in the first nine months of the year, nearly 30 people were victims of unexploded ordnance (UXO), a reduction of around one third on the same period last year. ...
Chea Sokny
https://phnompenhpost.com/national/uxo-casualties-down-one-third-date-2023
Cambodia begins talks over 2023 wage hike for garment, footwear, travel goods sector
Cambodia’s national council on minimum wage on Monday began to discuss the annual increase of monthly minimum wage for the garment, footwear and travel goods industry for 2023, according to a statement from the council. ...
Khmer Times Staff
https://www.khmertimeskh.com/501132736/cambodia-begins-talks-over-2023-wage-hike-for-garment-footwear-travel-goods-sector/
Planning ministry to release 2021 agricultural survey findings early 2023
The Ministry of Planning will announce the results of the Cambodia Agricultural Survey 2021 (CAS2021) early next year, while a working group will begin the 2022 agricultural survey in early October. The CAS 2020 report showed that 57 per cent of household agricultural holdings are ...
Long Kimmarita
https://www.phnompenhpost.com/national/planning-ministry-release-2021-agricultural-survey-findings-early-2023
Rice exports approach one million tonnes exported in first two months of 2023
In the first two months of 2023, Cambodia exported nearly 100,000 tonnes of milled rice worth $72.67 million to 38 markets through 40 milled rice export companies, according to a report from the Cambodia Rice Federation (CRF). ...
Van Socheata
https://www.phnompenhpost.com/business/rice-exports-approach-one-million-tonnes-exported-first-two-months-2023
Cambodia attracts 2.57 mln int’l tourists in H1 of 2023: minister
Cambodia recorded some 2.57 million international visitors in the first half of 2023, a sharp increase of 409 percent from 506,762 over the same period last year, Tourism Minister Thong Khon said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501318525/cambodia-attracts-2-57-mln-intl-tourists-in-h1-of-2023-minister/
Close to 800,000 foreign tourists converged on Angkor in 2023
Cambodia’s famed Angkor Archeological Park received 798,069 international visitors in 2023, up 177 percent from 287,454 in the previous year, said a news release on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501416584/close-to-800000-foreign-tourists-converged-on-angkor-in-2023/
NBC injected $139 million to stabilise riel in 2023
The National Bank of Cambodia (NBC) sold $139.1 million through auction last year to stabilise the riel exchange rate and to rebound the economy, according to the central bank’s report released on Monday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501431035/nbc-injected-139-million-to-stabilise-riel-in-2023/
Royal Group PPSP sees four-fold increase in annual net profits in 2023
Royal Group Phnom Penh SEZ Plc. (RGPPSP) has recorded an almost four-fold increase in annual net profits for 2023 compared to 2022, according to a Cambodia Stock Exchange (CSX) bourse filing by the special economic zone (SEZ) developer last week. ...
James Whitehead
https://www.khmertimeskh.com/501438729/royal-group-ppsp-sees-four-fold-increase-in-annual-net-profits-in-2023/
Business merger sub-decree to enter into force next month
The Ministry of Commerce (MoC) issued an announcement to alert businesspeople that the sub-decree on requirements and procedures for business merging that the government approved on March 6, 2023, with the signature affixed by Prime Minister Hun Sen will enter into force on September 6, ...
Kang Sothear
https://www.khmertimeskh.com/501338599/business-merger-sub-decree-to-enter-into-force-next-month/
Prey Veng exports nearly 1.6 million tons of rice, earning nearly $400 million in the first nine months of 2023
At least 1.6 million tonnes of rice was exported from Prey Veng province to Vietnam, earning nearly $400 million by the first nine months of 2023. This is according to the report of the Department of Agriculture, Forestry and Fisheries of Prey Veng Province on ...
Khmer Times Staff
https://www.khmertimeskh.com/501359137/prey-veng-exports-nearly-1-6-million-tons-of-rice-earning-nearly-400-million-in-the-first-nine-months-of-2023/
‘Fintech playing key role in financial inclusion efforts’
The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/
Cambodia’s national budget revenue reached about $4.9 billion in the first 10 months of 2023, down 2%
In the first 10 months of 2023, the national revenue collection reached 20,160 billion riels (approximately $4.9 billion), equivalent to 74.95% of the 2023 financial law, and decreased by 2.02% compared to the same period in 2022. This is according to the report from the ...
Khmer Times Staff
https://www.khmertimeskh.com/501403520/cambodias-national-budget-revenue-reached-about-4-9-billion-in-the-first-10-months-of-2023-down-2/
TV goes digital by 2023, paving way for 5G
The government on December 28 held an inter-ministerial meeting to discuss setting up a digital television platform as part of the Kingdom’s shift away from analogue. Held at the Ministry of Economy and Finance, the meeting discussed the would-be platform operator’s models of management and ...
Hin Pisei
https://www.phnompenhpost.com/business/tv-goes-digital-2023-paving-way-5g
CSX sets ambitious targets for 2023 as GDP picks up
A mix of equity and bond listings are expected to double Cambodia Securities Exchange (CSX)’s total new securities to 14 in 2023, the CSX said on Wednesday. ...
Kiripost staff writers
https://kiripost.com/stories/cambodia-csx-sets-ambitious-targets-for-2023-as-gdp-picks-up
Cambodia, Japan to upgrade bilateral relations to comprehensive strategic partnership in 2023
Cambodia and Japan highly valued the bilateral relations between the two countries and noted with satisfaction its upgrading to Comprehensive Strategic Partnership in 2023, the commemorative year of the 70th Anniversary of Diplomatic Relations, according to a press release from the Ministry of Foreign Affairs ...
Khmer Times Staff
https://www.khmertimeskh.com/501197957/cambodia-japan-to-upgrade-bilateral-relations-to-comprehensive-strategic-partnership-in-2023/