IMF lowers growth forecast for Cambodia due to weak external demand
On Wednesday, the International Monetary Fund (IMF) lowered its 2023 economic growth forecast for Cambodia to 5.6 percent from its April prediction of 5.8 percent, mainly due to weak external demand. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501378855/imf-lowers-growth-forecast-for-cambodia-due-to-weak-external-demand/
Domestic and Chinese investors lead $619 million investment boom in Cambodia
The Council for the Development of Cambodia (CDC) has given the green light to 21 new investment projects in November 2023. With a total investment capital of nearly $619 million, these projects can potentially create approximately 22,000 jobs. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501404257/domestic-and-chinese-investors-lead-619-million-investment-boom-in-cambodia/
Exports to India up over 57% in ‘23
Cambodia garnered over $233 million in the first ten months of 2023 from exports to India, marking an increase of nearly 60% compared to the corresponding period in 2022. ss='cambodia-color'>...
Hin Pisei
https://www.phnompenhpost.com/business/exports-to-india-up-over-57-in-23
Cambodia makes $377.5 million from rice exports in first ten months
Cambodia had exported 529,924 tonnes of milled rice in the first 10 months of 2023, earning a total revenue of $377.5 million, the Cambodia Rice Federation said in a news release on Wednesday. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501389491/cambodia-makes-377-5-million-from-rice-exports-in-first-ten-months/
Cambodia makes $3.9 bln from export of agri-products in 11 months
Cambodia earned a gross revenue of $3.9 billion from the export of agricultural products in the first 11 months of 2023, said a Ministry of Agriculture, Forestry and Fisheries (MAFF) report on Tuesday. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501402630/cambodia-makes-3-9-bln-from-export-of-agri-products-in-11-months/
Ministry registers over 11,000 new businesses
The Ministry of Commerce registered 11,506 new companies and enterprises in the January-November period of 2023, up 14.58 percent from 10,046 in the same period last year, a report of the Ministry of Commerce showed. ss='cambodia-color'>...
Chea Vanyuth
https://www.khmertimeskh.com/501414977/ministry-registers-over-11000-new-businesses/
Project to enhance the climate change resilience of smallholder farmers kicks off in Cambodia
A new project aimed at enhancing the climate change resilience of smallholder farmers and local communities by increasing their access to growing premium market segments was launched in Cambodia on 27 October 2023. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501388198/project-to-enhance-the-climate-change-resilience-of-smallholder-farmers-kicks-off-in-cambodia/
Rising exports, global renown fuel rice sector
After experiencing positive growth in 2023, the Cambodian rice export market is expected to continue its upward trajectory in 2024. However, factors such as weather conditions and shipping costs may cause some disruptions. ss='cambodia-color'>...
Hin Pisei
https://www.phnompenhpost.com/business/rising-exports-global-renown-fuel-rice-sector
Sale of private license plates slump 11.9%
Revenue from the sale of special license plates decreased by about 11.9 percent to $16 million in 2023, with the Ministry of Public Works and Transport (MPWT) claiming it is a result of the global economic crisis. ss='cambodia-color'>...
Chhorn Raksmey
https://kiripost.com/stories/sale-of-private-license-plates-slump-119
Number of kindergartens and schools increasing
From 2013 to 2023, the number of kindergartens and schools increased from 14,852 to 18,830, which in the ten-year period was 3,978 more places of education nationwide. ss='cambodia-color'>...
Hang Punreay
https://www.khmertimeskh.com/501427196/number-of-kindergartens-and-schools-increasing/
GDT tax collection falls in Q1
The General Department of Taxation (GDT) collected taxes totalling $1.18 billion during the January-March period this year, down 11.9 percent from $1.34 billion collected in the first quarter of 2023. ss='cambodia-color'>...
Chea Vanyuth
https://www.khmertimeskh.com/501493907/gdt-tax-collection-falls-in-q1/
Data visualization and storytelling training
Open Development Cambodia (ODC) hosted a training on “Data visualization and storytelling” on December 20-21 and 26, 2022, with 24 participants, including journalists, citizen journalists, indigenous youth journalists, journalism students, and CsOs. People with disabilities and LGBTQIA+ are encouraged to join. This training was divided ss='cambodia-color'>...
Press release on Mekong River dolphin deaths in Kandal province
On 9 August 2023, the Fisheries Administration of the Ministry of Agriculture, Forestry, and Fisheries issued a press release to inform the public after finding a 1.01-meter-long female Irrawaddy dolphin weighing 14.4 kg, about two months old, dead of trapping in nets in Peam village, ss='cambodia-color'>...
Fisheries Administration
$1.2 billion S Korean loan for Cambodia’s priority projects
The South&nbSp; Korean government haS pledged an additional conceSSion loan package of $1.2 billion to finance a number of priority projectS in Cambodia. SS='cambodia-color'>...
Chea Vanyuth
https://www.khmertimeskh.com/501050282/1-2-billion-s-korean-loan-for-cambodias-priority-projects/
China’s aid, investment greatly contribute to Cambodia’s development
Cambodia’s Minister of Commerce Pan sorasak said here on Monday that China’s official development assistance and investment have greatly contributed to the socioeconomic development in the southeast Asian country. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501311086/chinas-aid-investment-greatly-contribute-to-cambodias-development/
Exclusive ADB may offer more than $1.5b in new funding
Khmer Times can report that the Asian Development Bank (ADB) is proposing to provide $1.5211 billion of new funding in its updated Cambodia country operations and business plan (COBP) 2021-2023. ss='cambodia-color'>...
Harrison White
https://www.khmertimeskh.com/50744668/exclusive-adb-may-offer-more-than-1-5b-in-new-funding/
Nat’l Road 4 to be widened
The Ministry of Public Works and Transport is in the final stages of project planning for the widening of National Road 4 from 7m to 10m. The project is scheduled to last 24 months from 2022 to 2023. ss='cambodia-color'>...
Long Kimmarita
https://phnompenhpost.com/national/natl-road-4-be-widened
National Minimum Wage Council issues a statement on the results of the minimum wage discussion for workers in 2024
The National Minimum Wage Council of the third mandate on August 16, 2023, held a discussion on the minimum wage for workers in the textile, garment, footwear and travel products and bags for 2024. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501343947/national-minimum-wage-council-issues-a-statement-on-the-results-of-the-minimum-wage-discussion-for-workers-in-2024/
No salt import, high salt yields sufficient for Cambodia
Cambodia would not need to import salt from other countries to meet domestic demand in 2023 as favourable weather conditions have helped the production of salt where more than 80,000 tonnes have been harvested, industry insiders say. ss='cambodia-color'>...
Hin Pisei
https://www.phnompenhpost.com/business/no-salt-import-high-salt-yields-sufficient-cambodia
Cambodia records 180 percent rise in air passengers in first eight months
Cambodia registered 3.4 million air travelers during the first eight months of 2023, a year-on-year increase of 180 percent, said a report released by the state secretariat of Civil Aviation on Monday. ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/501358488/cambodia-records-180-percent-rise-in-air-passengers-in-first-eight-months/