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IMF sees Cambodia as ASEAN’s fastest growing economy in 2023 and 2024

Cambodia’s economy is projected to expand 5.6 percent this year and 6.1 percent next year, up from 5.2 percent last year, the International Monetary Fund (IMF) said Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501374620/imf-sees-cambodia-as-aseans-fastest-growing-economy-in-2023-and-2024/

NBC Governor joins Vaduz Roundtable Forum on “Financial System 2023”

Governor of the National Bank of Cambodia (NBC) Dr. Chea Serey participated in the Vaduz Roundtable Forum on “Financial System 2023” in Vaduz, Liechtenstein, late last week, to share NBC’s experience in financial system improvement. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362734/nbc-governor-joins-vaduz-roundtable-forum-on-financial-system-2023/

2023 is a pivotal year for Cambodia to attract more foreign tourists

Cambodia views 2023 as a pivotal year for attracting more foreign tourists. After the devastating impacts of the Covid-19 outbreak, the year should considerably assist Cambodia in overcoming the crisis that has enveloped the tourism sector, which is regarded one of the four pillars on ...

Khmer Times Staff
https://www.khmertimeskh.com/501254657/2023-is-a-pivotal-year-for-cambodia-to-attract-more-foreign-tourists/

Cambodia attracts $1.1 bln fixed-asset investment in H1 of 2023

Cambodia attracted 113 fixed-asset investment projects worth $1.1 billion in the first half of 2023, creating some 122,000 new jobs, said a Council for the Development of Cambodia’s report on Tuesday.   ...

Khmer Times Staff
https://www.khmertimeskh.com/501322866/cambodia-attracts-1-1-bln-fixed-asset-investment-in-h1-of-2023/

Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023

Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/

International tourists to Cambodia shoot up 211%

Cambodia welcomed 3.92 million international tourist arrivals during the first nine months of 2023, surging 211% year on year, the country’s Ministry of Tourism said on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501387581/international-tourists-to-cambodia-shoot-up-211/

Key features of Cambodia’s new Law on Taxation

The new Law on Taxation was promulgated on 16 May 2023 by virtue of Royal Kram No. NS/RKM/0523/004 (“Law on Taxation”) on an urgent basis and therefore has come into force from 17 May 2023​​. The Law on Taxation abrogates the old law on taxation ...

Khmer Times Staff
https://www.khmertimeskh.com/501296712/key-features-of-cambodias-new-law-on-taxation/

About 60,000 Cambodians have gained employment in the first eight months of 2023

According to a recent report issued by the Cambodian Ministry of Labor and Vocational Training 1,188 new enterprises have begun their operation in Cambodia, employing nearly 60,000 people. ...

Khmer Times Staff
https://www.khmertimeskh.com/501373979/about-60000-cambodians-have-gained-employment-in-the-first-eight-months-of-2023/

CPP welcomes 2,000 new members ahead of 2023 nat’l election

A Cambodian People’s Party (CPP) official said at least 2,000 people from Candlelight (CP), currently the country’s second-largest party, have joined the ruling CPP, just days after the latter was warned of supposed links to former opposition leader Sam Rainsy. ...

Ry Sochan
https://www.phnompenhpost.com/national/cpp-welcomes-2000-new-members-ahead-2023-natl-election

Hun Sen instructs ministries and authorities to complete land registration for citizens by 2023

Prime Minister Hun Sen instructs relevant ministries and authorities to accelerate land registration for citizens to solve land issues and implement the task of clearing land in the Tonle Sap Lake area for the people to be ready by 2023. ...

Pich Sotheary and Khan Leakhena
https://www.vodkhmer.news/2022/12/28/hun-sen-instructs-authorities-to-complete-land-registration-for-citizens-by-2023/

Cambodia and Vietnam’s GDP growth forecast to rank second in ASEAN in 2023

Vietnam’s GDP is projected to grow 5.8 percent this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF). ...

Khmer Times Staff
https://www.khmertimeskh.com/501276403/cambodia-and-vietnams-gdp-growth-forecast-to-rank-second-in-asean-in-2023/

MFI outstanding loans stood at $5.13 billion in 2023 Q3

Total outstanding loans in the microfinance sector stood at $5.13 billion during the end of the third quarter of the last year, according to the latest data published by the Cambodia Microfinance Association (CMA). ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501422993/mfi-outstanding-loans-stood-at-5-13-billion-in-2023-q3/

Cambodia’s trade declines 1.9% to $46.82 billion in 2023

Cambodia’s international trade stood at $46.82 billion in 2023, recording a decline of 1.9 percent compared to 2022. While exports were marginally up by 1.8 percent, the imports showed a decline of five percent, according to the trade data released by the General Department of ...

Manoj Mathew
https://www.khmertimeskh.com/501421111/cambodias-trade-declines-1-9-to-46-82-billion-in-2023/

Tycoon’s company receives 1,247 Hectares along Kep coastal waters for satellite city development

A company linked to tycoon Khun Sear, TP Moral Group, received 1,247 hectares of coastal waters in Kep province to develop a new satellite city and “special tourism zone” according to a March 6 sub-decree signed by former Prime Minister Hun Sen and publicized in ...

Phon Sothyroth
https://cambojanews.com/tycoons-company-receives-1267-hectares-along-kep-coastal-waters-for-satellite-city-development/

National plan to address trafficking launched

The National Committee for Counter Trafficking (NCCT) has launched its National Plan of Action 2019-2023 to address new forms of human trafficking, including surrogacy and sex trafficking at nightclubs that have emerged through the permeation of the internet. ...

Khorn Savi
https://www.phnompenhpost.com/national/national-plan-address-trafficking-launched

Prime minister inaugurates olympic pool in Kompong Cham

Prime Minister Hun Sen inaugurated Cambodia’s newest Olympic-size swimming pool in Kompong Cham province on Wednesday, a $1.5 million facility named after himself and marked as a venue for the 2023 South East Asian (SEA) Games. ...

Kuch Naren
https://www.cambodiadaily.com/news/prime-minister-inaugurates-olympic-pool-in-kompong-cham-101837/

Cambodia-India trade reaches $37M in January

In January 2023, the bilateral trade between Cambodia and India amounted to $37 million, according to the General Department of Customs and Excise’s report. ...

Chea Vanyuth
https://www.khmertimeskh.com/501243610/cambodia-india-trade-reaches-37m-in-january/

ASEAN slated to start talks for bloc’s 2025 e-economy accord

As ASEAN continues to grapple with Covid-19 cases and an uncertain recovery, its economic ministers have committed to conducting a study on a region-wide digital economy pact by 2023. ...

Asia News Network
https://www.phnompenhpost.com/business/asean-slated-start-talks-blocs-2025-e-economy-accord

Over $300 million worth tyre plant planned in Sihanoukville SEZ

A Chinese firm plans to invest over US$300 million to construct a largest tyre plant at Sihanoukville Special Economic Zone (SSEZ) in Preah Sihanouk province in 2023 ...

Khmer Times Staff
https://www.khmertimeskh.com/501123315/over-300-million-worth-tyre-plant-planned-in-sihanoukville-sez/

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