The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...

While the Senate is expected to debate and approve the “State of Emergency” law next week, if it is approved by the National Assembly on Friday, the question remains on who can declare a state of emergency since King Norodom Sihamoni is still in China ...

The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday. ...

“I am looking at the possibility in Article 22 of the Constitution to request the King to declare a state of emergency. I don’t want to use it, but if my appeal [to the people] is ineffective, Article 22 of the Constitution will be used. ...

The Phnom Penh Municipal Administration today temporarily closed public city bus and water-taxi service linking the northern part of Phnom Penh to Takhmao city in Kandal province via the Mekong River amid the COVID-19 outbreak. ...

The Agriculture and Rural Development Bank (ARDB) has signed Memorandums of Understanding (MoU) with the Cambodia Food Manufacture Association (CFMA) to disburse $50 million in loans from the government to small- and medium-sized enterprises (SME) for business expansion and productivity. ...

The ministries of Agriculture, Forestry and Fisheries, and Environment, as well as the World Wide Fund for Nature Cambodia (WWF Cambodia), will request the Anlong Kampi Irrawaddy dolphin conservation area in Kratie province be added to UNESCO’s World Heritage List. ...

Informal workers, a class that Includes beer promoters, tuk tuk drivers and farmers, are among those who stand to benefit most from the upcomIng trade-union law, observers say – and workers say it can’t come soon enough. Dave Welsh, country director of the American Center for ...

Total loans and deposits at the Kingdom’s microfinance institutions jumped in the first quarter of 2012 despite what is typically a slow season for the industry, insiders said yesterday. Loans outstanding reached US$708 million for the period ending on March 31, climbing 9.8 per cent from ...

Cambodia’s local property sector has been described as “flat” while condominiums and boreys are tagged to be the hardest hit during the COVID-19 pandemic because the listings will eventually need to be put up for sale under current market prices in the coming months, according ...

The ASEAN Infrastructure Fund, the largest poolIng of fInancial resources among Southeast Asia’s 10-member bloc, held its first board meetIng In Manila last week, but the extent to which Cambodia will borrow from the non-concessional fund has yet to be determIned, experts said. ASEAN countries and ...

Han Seng Coal Mine Co Ltd’s (HSCMC’s) 265MW coal-fired power station in Oddar Meanchey province’s easternmost Trapaing Prasat district is more than 50 per cent complete, with construction expected to be completed next year, provincial governor Pen Kosal said on Tuesday. ...

A government delegation that traveled to the South Pacific island nation of Nauru last week to study the possibility of resettling in Cambodia some of the refugees Australia is currently holding there will return to Phnom Penh on Monday, a government official said. ...

Khmer Enterprise, a unit under the Ministry of Economy and Finance (MEF), Cambodia Australia Agricultural Value Chain Program (CAVAC), and the institute of Technology of Cambodia (ITC), inked a partnership agreement to driving food-processing innovations through small and medium enterprises (SMEs) in the Kingdom. ...

The Ministry of Mines and Energy said there is no shortage of electricity during this year’s dry season as compared to last year. Even so, the ministry said it would continue to boost electricity access in all households across the country by at least 78 ...

As the global price of oil craters amid the Covid-19 pandemic, Singapore-based KrisEnergy Ltd remains on track to extract the first drop of oil in the first half of this year, said a Ministry of Mines and Energy senior official. ...

Cambodia will soon start cultivating sisal, an agave plant native to southern Mexico which produces a strong fibre, after China Great Cause (Cambodia) investment Co Ltd received an economic land concession in Preah Vihear province to build a processing plant. ...

Starting yesterday, the price of regular gasoline in the Kingdom is 3,950 riel ($0.97) per litre, amounting to a reduction of 200 riel per litre following a series of tax cuts announced last month by Prime Minister Hun Sen as well as price reductions implemented ...

A Ministry of Tourism official said they would finalize an inter-ministerial prakas before the end of this year to enhance tourists’ safety, as previous fatal accidents have led to concerns in the tourism sector. Tith Chantha, general director of tourism at the Ministry of Tourism, said task force officials, affiliated with Tourism ...

Cambodian Prime Minister Hun Sen yesterday used a speaking slot at a children’s rights conference to once again castigate the United States, urging the UN to “increase its volume” in condemning the US for dropping bombs that maimed and killed children.​ ...