The Kingdom’s international reserves ended 2022 at $17.8 billion, equivalent to seven months of import cover, compared to $20.3 billion and 8.1 months at end-2021, which pundits affirm is still high for a developing country given the recent global financial crisis, signalling positive levels of ...

Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...

In a bid to mitigate the adverse effects of air and water pollution across the Kingdom, Minister of Environment Eang Sophalleth has laid out an ambitious five-year strategy. This comprehensive plan aims to significantly improve air and water quality through a diverse and multifaceted approach. ...

The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster ...

The Council for the Development of Cambodia (CDC) Saturday announced that under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia (RGC) of the Seventh Legislature has attracted $7.5 billion of investment capital over one year period, marking a 161 percent rise ...

Senior government official Sun Chanthol highlighted the potential of the recent groundbreaking of the $1.7 billion Funan Techo Canal project to U.S investors that can benefit Cambodia’s economy. He also said freedom of expression in the country has improved, contrary to the views of civil society ...

The recent announcement by Prime Minister Hun Manet regarding the minimum wage increase to $208 per month for 2025 reflects a strategic response to the economic climate in Cambodia and globally, said a release by the Ministry of Labour and Vocational Training (MLVT) on Wednesday. ...

Cambodians running small businesses are continuing to find the need for working capital as their most pressing need, as per data. As high as 54 percent of 1.89 million loans issued were for working capital, as per the first quarter report of the Small Business ...

The Ministry of Environment, in collaboration with the Mekong Future Initiative, will hold the Annual Meeting on Cambodia Climate Change 2024 (CCCS24) at the Independent Hotel, Sihanoukville Province, from October 24 to 25, 2024, which will be chaired by Eang Sophalleth, Minister of Environment and ...

BarCamp Battambang 2024’s ‘Digital Technology and New Business Conference’ will be held on October 25 to 26, 2024, aiming to understand the digital technology and content strategies that benefit young people and new business owners to study and implement digital technology. ...

National budget on uptrendIn the last three years, Cambodia’s national budget has seen significant growth of around US$ 1.6 billion, from US$ 3.4 billion in 20141 to US$ 5 billion in 2017.2 This is an average annual increase of almost 14%. The increase can be ...

Open Development Cambodia (ODC) recently conducted a successful two-day training workshop on Fundamental QGIS for civil society organizations (CSOs) in Phnom Penh on October 21-22, 2024. The workshop was organized as part of the “Strengthening CSOs to Take Action on Economic Governance (SCAEG)” project, co-funded ...

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Things you should know about Cambodia before investingCambodia has performed well on foreign direct investment (FDI) so far, three times better than predicted, which scored 3.6, becoming the top 25 in the world.41 The FDI reached an all-time high of 14.1% in 2012 and nearly ...

Local workers loading fresh catch to be transported to the city market at Chhnoc Trou pier, Kampong Chhnang province, Cambodia. Photo by Sylyvann Borei/World Fish, taken on 7 April 2014. Licensed under CC BY-NC-ND 2.0.Cambodia has abundant and productive fisheries. Fish is a traditional staple in the Cambodian ...

The U.S. Department of Justice (DOJ) and the country’s financial regulator have informed Australia-based mining giant BHP Billiton it could still be charged over allegations the company bribed overseas officials, which include claims of improper payments to members of the Cambodian government. Prime Minister Hun Sen ...

Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...

With the long-ruling CPP sworn in to govern for another five years despite the opposition CNRP abstaining from sitting in the National Assembly due to election irregularities, a new report argues that imminent threats to Cam­bodia’s future development can only be overcome with significant government ...

Teng Khorn’s living room is under a tree, his bedroom in a boat hauled up on a slipway for caulking beside the mangroves that lead to his source of income: the sea. His choice of abode is also his act of defiance against the monolithic Chinese ...

Road traffic accidents are killing more Cambodians per year than those who died annually as a result of war during their country’s more than two decades of armed conflict, Prime Minister Hun Sen said Monday. Speaking in Battambang province’s Bavel district at the inauguration of the ...