The government has revised down its 2023 growth forecast for the Cambodian economy to 5.6 per cent versus the 6.6 per cent it put forth in October, citing uncertainty about global economic growth tied to the Ukraine conflict, climate change and the Covid-19 crisis. ...

Share price fluctuations can either create opportunities for gains for investors – or potentially be the cause of losses. Factors that drive demand (buying orders) higher than supply (selling orders) will generally lead to an increase in stock price. Conversely, any that drive supply higher ...

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. The new branch is also expected to meet local demand and boost the development of trade and investment ties between ...

With only about 10 per cent of its 1,000-person workforce at their stations by 8am yesterday, management at Hoyear (Cambodia) Garment Ltd cut its losses and announced that the factory would close for the next two days. Thousands across the capital opted out of work ...

Shrinking political and civic space in the Kingdom is highlighted in a new report from the United Nations’ human rights commissioner and secretary-general ahead of a UN Human Rights Council discussion this month on Cambodia. ...

The government’s tax revenue saw a sharp increase of about 22 percent in the first five months of the year, compared with the same period last year, with some $763 million collected by the General Department of Customs and Excise. ...

A new study has found that open defecation, which is still commonly practised in Cambodia, has direct links to reduced heights in children, with a decrease in the practice over five years leading to increases in height. ...

International trade for Cambodia amounted to $23.69 billion in the first six months of this year, a 13% decrease compared to the same period last year, the General Department of Customs and Excise report showed on Monday. ...

Cambodia is set to expand its payment options for tourists by implementing blockchain-based central bank digital currency (CBDC) partnerships. This move is part of the country’s strategy to modernize its tourism sector, recognizing the significant role it plays in the Cambodian economy. ...

The National Election Committee (NEC) has approved new candidates to fill National Assembly seats left vacant by the dissolution of the opposition, drastically changing the composition of Cambodia’s parliament and providing a shot in the arm for the ailing royalist Funcinpec party. ...

The long-awaited Asia-Pacific Regional Comprehensive Economic Partnership (RCEP) agreement was officially signed yesterday.  The signing brings renewed hopes for comprehensive change in the flow of regional trade and investment and the promotion of intra-bloc supply chains capable of bolstering trust among members of the region’s ...

The Cambodian economy is projected to grow by 6.4 percent in 2024, up from 5.5 percent in 2023, mainly driven by tourism and manufacturing sector, National Bank of Cambodia (NBC)’s Governor Chea Serey said on Friday. ...

Teachers at a Takeo province high school who began striking yesterday said they will not return to work until the principal, who allegedly embezzled school budget funds, is removed. Nearly 30 of 50 teachers at Sok An Kdey Tontoem High school in Takeo’s Samrong district walked ...

Cambodia’s Independent Civil Servants Association (CICA) has written to the minister of education to request teachers and education officials be given equal access to an exam allowing them to move up the ministry’s pay scale. The association claims the ministry has made recent changes to a ...

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is now pushing for the establishment of a special economic zone (SEZ) for small and medium sized enterprises and is currently discussing such a move with the Ministry of Industry, Mines and Energy, ...

Maybank Bhd is looking to increase its presence in Cambodia, by raising the number of its branches to 20 from 12 currently. Speaking at a public panel dialogue organised by The Wharton School about the economic prospects of the ASEAN region, Maybank’s CEO Datuk Sri Abdul ...

King Norodom Sihamoni will once again be out of Cambodia on the day that widely condemned new laws are due to be signed into force, prompting some observers to suggest he is abstaining from affixing his signature to politically questionable legislation. ...

A rowdy 8-year-old boy has accused his teacher of hitting him over the head with a small whiteboard during class on Thursday, leaving him with a bloody head wound. Sok Kim Heng said yesterday that he spat on another student and, in return, his teacher whacked ...

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. ...

Teachers in Oddar Meanchey province, who last week accused dis­trict education officials of stealing their salaries, were on Monday threatened with expulsion for talking to the media, a teachers union said. The Anlong Veng district education director summoned about 15 teachers and school officials to the ...