Retail price of gasoline drops
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 ...
May Kunmakara
https://www.khmertimeskh.com/50506822/retail-price-of-gasoline-drops/
ADB forecast: 4% economic growth in 2021
Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-forecast-4-economic-growth-2021
Petrol, diesel rates increased to 5,650, 5,550 riel: ministry
The retail prices of regular-grade petrol and diesel respectively increased by about 0.9 per cent and 2.8 per cent on June 1, according to a notice issued by the Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/petrol-diesel-rates-increased-5650-5550-riel-ministry
Banks, MFIs raise interest rates following Fed move
Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...
Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/
PPSP’s profits decline in Q4 last year, but rise on annual basis
The consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same ...
Kang Sothear
https://www.khmertimeskh.com/501240205/ppsps-profits-decline-in-q4-last-year-but-rise-on-annual-basis/
Financial experts promote digital literacy
The Association of Banks in Cambodia (ABC) and Expert Leadership Innovation Exchange Organization (ELIX) are joining hands to promote digital literacy and capacity building, in support of the government’s policies on the Fourth Industrial Resolution (Industry 4.0) as well as the “Cambodia Digital Economy and ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-experts-promote-digital-literacy
Street vendors continue to struggle to survive
While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ...
Yatt Malai
https://kiripost.com/stories/cambodia-phnom-penh-street-vendors-struggle-to-survive
Pricey petrol punishes poor
Petrol prices have jumped by 150 riel (US$0.03) a litre, much to the dismay of Cambodia’s poor, as NGOs appealed to the government to take action. Rong Chhun, president of the Cambodian Confederation of Unions (CCU), issued a letter dated August 16 appealing to Prime Minister Hun ...
http://www.phnompenhpost.com/index.php/2012082058157/Business/pricey-petrol-punishes-poor.html
Inflation fuels protest over petrol prices
More than 200 factory workers gathered at Freedom Park near Wat Phnom yesterday to urge the government to cut taxes on petrol, saying fuel prices were driving food prices beyond what they could afford. But the government is doing all it can to curb inflation ...
Garment Exports Grow 15% in First Quarter
Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce. While exports to the European Union rose 46.76 percent to $376.14 million in ...
Cambodia-U.S. bilateral trade up 2 pct
Trade between Cambodia and the United States was valued at 2.55 billion U.S. dollars in the first ten months of 2013, up 2 percent from 2.49 billion U.S. dollars over the same period last year, the figures of the U.S. Department of Commerce showed Friday. Cambodia’s ...
The Global Post
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131206/cambodia-us-bilateral-trade-2-pct
Report sees increasing foreign investment in industrial sector
The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...
Post Staff
http://www.phnompenhpost.com/real-estate/report-sees-increasing-foreign-investment-industrial-sector
Cambodian PM says gov't has no rights to control judiciary
Cambodian Prime Minister Hun Sen said Thursday that he and his government have no rights to order the courts to arrest or release any suspects who have committed crimes. “I and the government have no rights to order the judiciary, the court to arrest anyone based ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-11/20/c_133803048.htm
Unions wary of energy plan
Some labour unions are suggesting reforms to state energy provider Electricite du Cambodge’s (EdC) plan to grant energy discounts to garment workers in Phnom Penh, saying yesterday that the current arrangement is “too complex to implement”. According to the new plan, workers are entitled to ...
Sarah Taguiam and Pech Sotheary
http://www.phnompenhpost.com/national/unions-wary-energy-plan
US stance a ‘positive move in building trust and confidence’
Comments made by US Ambassador to Cambodia, Patrick Murphy, that his country is not pursuing regime change in the Kingdom is an “important message” for efforts to restore relationships between the two nations. ...
Ben Sokhean
https://www.khmertimeskh.com/50698241/us-stance-a-positive-move-in-building-trust-and-confidence
Officials worry over tiny rise in rice exports
Cambodian milled rice exports grew by only 0.52 per cent in the first 10 months of the year, compared to the same period last year, according to new figures from the government. Officials have expressed concern over Cambodia’s ability to reach its export target of ...
Geopacific Resources could have unearthed major gold copper system in Cambodia
Geopacific Resources’ (ASX: GPR) may have discovered a major gold and copper system from drilling in Cambodia which on the results could yet get bigger. Standout results from preliminary gold assays from follow-up RC drilling at the 150 Prospect have extended the strike length of high ...
Proactive Investors News Staff
http://www.proactiveinvestors.com.au/companies/news/54565/geopacific-resources-could-have-unearthed-major-gold-copper-system-in-cambodia-54565.html
80MW wind farm project in Kampot hits EdC price snag
French-owned The Blue Circle’s 80MW wind power investment project in Kampot province has hit an impasse, as its proposed $0.068 per kWh tariff rate for the national grid exceeds what state-run energy supplier Electricite du Cambodge (EdC) is willing to pay, according to a Ministry ...
Hin Pisei
https://www.phnompenhpost.com/business/80mw-wind-farm-project-kampot-hits-edc-price-snag
Cambodia’s FDI surges 11.2% to $41B in 2021
Foreign direct investment (FDI) inflows in Cambodia between mid-1994 and end-2021 amounted to 168.8 trillion riel ($41.0 billion), rising by 11.2 per cent from the end of 2020, with the Greater China area remaining the Kingdom’s top source market, according to a new report. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodias-fdi-surges-112-41b-2021
Kingdom inks over $1.2B of concessional loans in Q1-3
Cambodia signed almost $1.22 billion worth of new concessional loans with development partners (DP) in the first nine months of this year – just shy of a four-fold increase from $0.31 billion in the same time last year – of which bilateral DPs accounted for ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-inks-over-12b-concessional-loans-q1-3