Ratings agency Moody’s kept the outlook on Cambodia’s government debt at stable, though the firm said that the risk of default was still high and had raised concerns over the country’s ability to manage its finances. In a report released on Sunday, Moody’s said that Cambodia’s ...

Cambodia’s schoolchildren could soon attend class in unusually luxurious buildings if Prime Minister Hun Sen has his way. Yesterday the premier granted the government’s entire stockpile of illegally-felled timber – some of which is highly sought after rosewood – to the Ministry of Education to ...

Officials from Koh Kong province’s environment department have confirmed that the construction Of a yellow vine processing plant has been halted after a directive from the Environment Ministry.​ Department chief Morn Phalla said that while the plant’s construction had ceased, factory equipment was on the site ...

Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...

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. ...

Cambodia and Morocco have signed a Memorandum of Understanding (MoU) for the establishment of a political consultation mechanism in order to strengthen bilateral relations and cooperation, officials said. ...

Cambodia is moving towards developing non-textile industries with a policy calling for sustainable growth and economic diversification. To ensure progress, the government will continue implementation of the Cambodia Industrial Development Policy 2015-2025, said a press release on the results of a Cabinet meeting chaired by Prime ...

The government is planning to revise the Kingdom’s investment laws this year to draw more foreign direct investment as the country adjusts to the fast-changing regional and global landscapes, according to Secretary General of the Council for the Development of Cambodia (CDC) Sok Chenda Sophea. Speaking ...

In late 2009, two months after graduating with a degree in economics, Heng Piseth found a job as a credit officer with a microfinance institution in Kampong Thom province. The story reflects a larger trend confronting young Cambodians entering the financial sector’s job market. While ...

Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas. ...

The Global Center for Mekong Studies (GCMS) comprises six leading regional “think tanks”: the China Institute for International Studies (CIIS); the Cambodian Institute for Cooperation and Peace (CICP); the Diplomatic Academy of Vietnam (DAV); the Laos Institute of Foreign Affairs (IFA); the Myanmar Institute of ...

The global economic crisis has reduced Cambodia’s latex export earnings to $273.4 million in the first eight months of 2023, according to the Ministry of Agriculture, Forestry and Fisheries’ General Department of Rubber (GDR). ...

Government officials and public health workers met with about 100 students at the Ministry of Health’s school of nursing in Phnom Penh on Monday to mark World Rabies Day, calling for a united effort to eradicate a virus that kills hundreds of Cambodians each year. ...

As another Cambodian maid who travelled to Singapore under a pilot scheme between the two countries prepares to return home this week alleging labour rights abuses, recruitment agencies in Phnom Penh continue to look for more women to sign up for the overseas work. The ...

The Cambodian economy, which is projected to register a growth of 5 percent this year, is set to grow by 5.5 percent in 2023, according to the 2022 Annual Consultation Report on Cambodia published by the ASEAN+3 Macroeconomic Research office (AMRO) yesterday. ...

Battambang province, located in the northwest of the country, has developed a lot in the last five years. The province today has mines and economic zones with large factories and enterprises, according to a brief report on the Battambang Provincial Administration’s success in the past ...

Around 700 garment workers blocked National Road 4 in Por Sen Chey district on Monday in a protest to demand severance packages they claimed their factory owed them after it shut down. The workers said Chim Li Cambodia Pte Ltd, which has since taken over ...

Seventy construction workers in Svay Rieng province’s Bavet staged a protest yesterday after the labour agency that found them jobs failed to pay their salaries, totaling more than $30,000 over four months, as agreed. ...

Prime Minister Hun Sen yesterday said that the Cambodian customs unit will have helicopters equipped with weapons to stamp out smuggling. ...

The Industry Minister on Monday said that he is committed to expanding the coverage of clean water supply across the country. During a visit to a water processing plant in Pursat province, Industry Minister Cham Prasidh said that providing clean water to rural areas is ...