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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

ACLEDA reports 20% less net profit in Q1

Mainboard-listed commercial bank ACLEDA Bank Plc’s net profit for the first quarter ended March 31 fell 20 per cent to $35.36 million from $44.10 million last year as a result of widening net impairment loss, interest expense, and general and administrative expenses. ...

May Kunmakara
https://www.phnompenhpost.com/business/acleda-reports-20-less-net-profit-q1

Villagers in Sna Sangkram village again urge authorities to expedite resolving land disputes

Representatives of more than 70 families in Sna Sangkram village, Balong commune, Prasat Bakong district, Siem Reap province, who have claimed that there was a land dispute with the Apsara National Authority again urged the authorities to expedite resolve the land disputes that have dragged ...

Pa Sokheng
https://www.vodkhmer.news/2022/12/20/sna-sangkram-villagers-urge-authorities-to-expedite-resolving-land-disputes/

Cambodia-Japan trade passes $1.9B after Dec rebound

The bilateral merchandise trade volume between Cambodia and Japan totalled $1.948 billion in 2022, rising by 12.33 per cent over a year earlier, with Cambodian exports accounting for a 60.22 per cent share, down by 2.85 percentage points on a yearly basis, according to the ...

Hin Pisei |
https://www.phnompenhpost.com/business/cambodia-japan-trade-passes-19b-after-dec-rebound

ASEAN’s first Maritime Outlook highlights region’s blue economy

ASEAN has launched its inaugural ASEAN Maritime Outlook (AMO) at the 13th ASEAN Maritime Forum, held in the Indonesia resort island of Bali on August 1. This publication is set to be a cornerstone in managing various maritime issues, with a special focus on streamlining ...

Ry Sochan
https://www.phnompenhpost.com/national/aseans-first-maritime-outlook-highlights-regions-blue-economy

ADB retains Cambodia’s growth forecast at 5.3 percent in 2022 and 6.2 percent in 2023, down by 0.3 percent

The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on ...

Khmer Times Staff
https://www.khmertimeskh.com/501155788/adb-retains-cambodias-growth-forecast-at-5-3-percent-in-2022-and-6-2-percent-in-2023-down-by-0-3-percent/

Cambodia’s Hun Manet, new Thai PM pledge close co-op

On August 22, both Cambodia and Thailand welcomed new prime ministers, marking a unique coincidence. Former Prime Minister Hun Sen acknowledged this in a post to his official Telegram channel, highlighting the synchronicity of two constitutional monarchies ushering in new leadership on the same day. ...

Samban Chandara
https://www.phnompenhpost.com/national-politics/cambodias-hun-manet-new-thai-pm-pledge-close-co-op

Cambodian fisheries eye European market access

Shetty Thombathu, chief technical adviser to the UN Industrial Development Organisation (UNIDO), said the UN agency and the Fisheries Administration (FiA) under Cambodia’s Ministry of Agriculture, Forestry, and Fisheries are collaborating to ensure that the Kingdom’s fisheries products meet EU regulations and standards for access ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/cambodian-fisheries-eye-european-market-access

Cambodia’s 11 provinces hit by prolonged rains, floods

Floods as a result of prolonged rains between September 16 and October 6 affected 11 provinces in Cambodia, killing at least three people and forcing nearly 2,000 households to evacuate to safer areas, according to the country’s National Committee for Disaster Management (NCDM). ...

Khmer Times Staff
https://www.khmertimeskh.com/501374655/cambodias-11-provinces-hit-by-prolonged-rains-floods/

ADB pledges support for Kingdom’s finance sector

Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order ...

Van Socheata
https://www.phnompenhpost.com/national/adb-pledges-support-kingdoms-finance-sector

China announces new ASEAN Belt & Road Initiative projects centered around Cambodia

The 2022 ASEAN summit took place at the Cambodian capital Phnom Penh, this past weekend, with China as an official guest. At the event, Chinese Premier Li Keqiang announced Beijing’s approval of Chinese investment in significant infrastructure projects in the ASEAN region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501185109/china-announces-new-asean-belt-road-initiative-projects-centered-around-cambodia/

Jan-Aug Japan trade surges 17%

Bilateral trade between Cambodia and Japan in the first eight months of 2022 rose by more than one-sixth on-year, in a trend expected to carry into the foreseeable future, largely driven by agricultural exports from the Kingdom. Still, the business community is calling for greater ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-aug-japan-trade-surges-17

Two million tourists to visit Cambodia in 2022

As Cambodia navigates a post-pandemic world, international tourist arrivals lag with 1.5m to 2m tourists predicted for 2022. This is estimated to rise to pre-Covid levels of 7m by 2026. ...

Prak Chan Thul
https://kiripost.com/stories/two-million-tourists-to-visit-cambodia-in-2022

Covid papers ‘not needed’ upon entry to Kingdom

Cambodia has apparently taken the final step towards full reopening of the country without Covid-19 restrictions by removing all requirements for inbound travellers, who until now had to show health certificates indicating that they have tested Covid-19 negative in the past 72 hours as well ...

Mom Kunthear
https://www.phnompenhpost.com/national/covid-papers-not-needed-upon-entry-kingdom

Gov’t to intervene informal economy affected by inflation, says PM

The government on Wednesday approved a new mechanism to intervene in the informal economy by providing cash to Cambodian households who run informal businesses that are affected by inflation by November 2022 amid Russia’s ongoing invasion of Ukraine and sanctions, said Prime Minister Hun Sen ...

Kang Sothear
https://www.khmertimeskh.com/501164008/govt-to-intervene-informal-economy-affected-by-inflation-says-pm/

Gov’t prepares to launch inflation relief programme

Prime Minister Hun Sen said that Cambodia is proud to have supported the poor and vulnerable with cash payments through the dark time of the Covid-19 pandemic. To date, the government has disbursed about $40 million a month to assist people affected by the virus.​​ ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/govt-prepares-launch-inflation-relief-programme

Interior Minister Sar Kheng chairs meeting on new road traffic law

The National Committee for Road Safety (NCSC) has organized a meeting to review and discuss the new road traffic law at Ministry of Interior office on Friday. ...

So Cheata
https://www.khmertimeskh.com/501191753/interior-minister-sar-kheng-chairs-meeting-on-new-road-traffic-law/

Trapaing Sangke community wins two ASEAN ecotourism awards

The Trapaing Sangke Community of Kampot province has received two awards from the ASEAN Community, the ASEAN Standard Tourism Community Award and the ASEAN Standard Tourism Community Guesthouse Award. ...

Tith Kongnov
https://www.khmertimeskh.com/501241630/trapaing-sangke-community-wins-two-asean-ecotourism-awards/

Ministry calls for better co-op with Preah Vihear rangers in sanctuaries

The Ministry of Environment and Preah Vihear Provincial Administration called on the authorities in villages and communes near the Phnom Tnaot-Phnom Pok Wildlife Sanctuary to increase their cooperation with forest rangers. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/ministry-calls-better-co-op-preah-vihear-rangers-sanctuaries

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