Cambodia’s GDP, inflation forecast in tandem with regional growth in 2024, AMRO says
Cambodia’s inflation is expected to shrink to 0.4 percent in 2024 as fuel and food prices dropped below levels expected by the ASEAN+3 Macroeconomic Research Office (AMRO), as well as the tourism sector’s lagged recovery. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodias-gdp-inflation-forecast-in-tandem-with-regional-growth-in-2024-amro-says
MFIs disburse $7.73 billion in first semester in Cambodia
The Cambodia Microfinance Association (CMA) has disbursed a total $7.730 billion in loan to a close of 2 million customers in the first half of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50936570/mfis-disburse-7-73-billion-in-first-semester-in-cambodia/
Cambodia sees spike in human, sex trafficking cases in first half of 2021
Cambodia cracked down on 198 human trafficking and sexual exploitation cases in the first six months of 2021, a remarkable rise from only 63 cases over the same period last year, a senior official said on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/50924773/cambodia-sees-spike-in-human-sex-trafficking-cases-in-first-half-of-2021/
Grouping urged to work together for 2015 integration
The secretary-general of the Council for the Development of Cambodia (CDC) called on Asean member states to work collectively towards achieving the Asean Economic Community by 2015. Sok Chenda Sophea, who chaired the 2nd Asean Investment Forum (AIF) held in Phnom Penh, said Asean members must ...
http://www.nationmultimedia.com/aec/Grouping-urged-to-work-together-for-2015-integrati-30194612.html
Hun Sen says Wage Changes Are Not Up To The Government
Prime Minister Hun Sen said yesterday that the government has no role in setting the minimum wage, as Cambodia is a market driven economy, and shot down unnamed people who have been calling for the government to significantly raise the country’s floor wage of $61. “For ...
http://www.cambodiadaily.com/news/hun-sen-says-wage-changes-are-not-up-to-government-14455/
Myanmar’s siren song
Unions and labour rights groups have spent recent months unashamedly drilling home a stark reminder: Cambodia’s minimum garment wage, at $61 per month, compares poorly with those in Thailand – where workers earn more than $200 a month – and Vietnam, which has a base ...
http://www.phnompenhpost.com/2013031861998/National/myanmar-s-siren-song.html
Wary of China, Companies Head to Cambodia
Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...
Japanese oil study ‘Positive’
The hunt for oil around northwestern Cambodia has unearthed “positive” results for Japan Oil, Gas and Metals National Corporation (JOGMEC), which intends to continue exploring the area in a project that could last at least six more years, a government spokesman said. JOGMEC’s survey on the ...
http://www.phnompenhpost.com/2013060566067/Business/japanese-oil-study-positive.html
Cambodia Falls Short as Garment-Industry Model
This small Southeast Asian country was supposed to become a model for the world apparel industry, with tough factory monitoring and strong worker protections. But a dozen years after the United Nations’ International Labour Organization launched a program to manage Cambodia’s booming garment trade—the first of ...
http://online.wsj.com/article/SB10001424127887324423904578521240151597504.html
Australian Police Say Appropriate Steps Taken in BHP Bribery Case
The Australian Federal Police (AFP) said Monday they have taken the necessary steps to investigate claims that the world’s largest mining company, BHP Billiton, bribed officials in Cambodia and played down reports that it had mishandled one the country’s largest cases in corporate corruption. “The ...
GDT rakes in $512 million in taxes in first two months of 2022
In the first two months of this year, the General Department of Taxation has collected about $512 million in taxes, an increase of more than 22% when compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501041398/gdt-rakes-in-512-million-in-taxes-in-first-two-months-of-2022/
Bank Predicts 6.8% Economic Growth in 2012
The Asian Development Bank (ADB) has released figures which show they believe that the Cambodian economy will grow between 6.8 and 7 percent in 2013 and 6.8 percent in 2012. Their reporting sites the growth in the Cambodian garment industry as a major factor. The ...
Central Bank In Talks to Up Reserve Rate
The National Bank of Cambodia (NBC) is thinking of raising the reserve required for banking deposits. The aim is to slow inflation and lessen the chance of an economic meltdown. The NBC is considering raising the rate after inflation reached 6.5 percent in May compared ...
Premier Approves Four More Land Concessions in Mondolkiri
Prime Minister Hun Sen has granted for more land concessions in Mondolkiri province. The concessions total more than 38,057 hectares. Pacific Lotus Joint stock received 9,014 hectares; Pacific Pearl Joint Stock received 9.614 hectares; Pacific Grand Joint Stock received 9,656 hectares and Pacific Pride Joint ...
Villagers Struggle in Face of Chinese Tourism Project
Villagers along the Koh Kong province’s coastline have been relocated by a Chinese development company as they have not been granted access to their farm land which falls within the development area and are running short of food. 20 tons of rice have been delivered ...
Bus Company’s Partner Involved in Similar Crash
Kampuchea Angkor Express and Virak Buntham Express Travel, two bus companies that share a fleet of busses and operate services running between Siem Reap, Cambodia and Ho Chi Minh City, Vietnam have both been involved in bus crashes recently. A number of passengers were injured ...
Villagers Face Hefty Court Fees in Land Dispute
Kompong Chhnang Provincial Court has ordered 40 families embroiled in a long-running land dispute with the wife of Minister of Industry Suy Sem to pay court fees of up to $155 each, or have their complaints dropped. The villagers, however, say they are too poor ...
Land Titles Needed to Drive Investment in Agriculture
The issue of using land titles to encourage banks to boost their lending to the agriculture sector was raised at the “Empower Your Business: Riding on Cambodia’s Growth” seminar in Phnom Penh on July 21. “Seventy percent of the population is undertaking agriculture as their ...
Kampot Seeks to Rise Pepper Production in 2012
After the harvesting of peppers from Jan 1 to May 31 this year, farmers in Kampot province were able to harvest 16 tons and the hope is to increase production to 20 tons in 2012. Nguon Lay, the head of Kampot pepper community, said on ...
Exports Increase 45.9% in First Six Months
Cambodian exports increased 45.9 percent to $2.15 billion in the first six months of the year compared to the same period in 2010, according to figures released by the Ministry of Commerce yesterday. Of the total value of exports, 80 percent, or $1.74 billion, were ...