Cambodia’s power supply surges
Cambodia’s energy infrastructure has witnessed remarkable growth, with the country’s power generation capacity surging from 150 megawatts in 1998 to an impressive 4,814 megawatts – a 32-fold increase this year. ...
Ben Sokhean
https://www.khmertimeskh.com/501577674/cambodias-power-supply-surges/
Kingdom’s exports to EU touches $3.3B in Q3
Cambodia’s export to the European Union (EU) surged to $3.29 billion in the first three quarters of 2024, up nearly 20 percent from $2.79 billion compared to the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501579698/kingdoms-exports-to-eu-touches-3-3b-in-q3/
Competition showcases sustainable energy practices
As Cambodia advances its climate change agenda, the Cambodia Energy Efficiency Competition (CEE Comp) celebrated a major milestone yesterday, concluding its second season with a showcase of notable achievements in sustainable energy practices. ...
Ben Sokhean
https://www.khmertimeskh.com/501585619/competition-showcases-sustainable-energy-practices/
ADB gives Cambodia $10M to address GBV
The Asian Development Bank (ADB) approved $10 million in grant financing to address gender-based violence (GBV) in Cambodia to help meet the country’s target of zero GBV by 2030. ...
Khmer Times Staff
https://www.khmertimeskh.com/501585567/adb-gives-cambodia-10m-to-address-gbv/
Economic diplomacy strategies prioritised
Minister of Foreign Affairs and International Cooperation Prak Sokhonn on January 18 announced the launch of the “Economic Diplomacy Strategy (EDS) for 2021-2023” as a framework for future diplomatic and cultural initiatives. Sokhonn also unveiled a collection of traditional recipes dubbed The Taste of Angkor. ...
Niem Chheng
https://www.phnompenhpost.com/national/economic-diplomacy-strategies-prioritised
KOICA holds policy dialogue forum on development plans
The Korea International Cooperation Agency (KOICA) and the Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) had a policy dialogue forum to discuss development cooperation for 2022 and 2023, while KOICA’s estimated grant aid to Cambodia for 2022 totals ...
Voun Dara
https://www.phnompenhpost.com/national/koica-holds-policy-dialogue-forum-development-plans
Amru Rice wins global standard for food safety
Amru Rice, this morning announced to receive the official certificate “Grade A” from the British Retail Consortium Global Standard (BRCGS) on the successful assessment and certified as meeting the requirements of “Global Standard for Food Safety” validity till the end of 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501225574/amru-rice-wins-global-standard-for-food-safety/
Cambodia, Laos, Myanmar and Vietnam to grow stronger this year, says Thai bank
The Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. ...
Khmer Times Staff
https://www.khmertimeskh.com/501231435/cambodia-laos-myanmar-and-vietnam-to-grow-stronger-this-year-says-thai-bank/
Sharp rise in Angkor Park footfalls, earning top $20.31M
Cambodia’s famed world heritage site Angkor Archaeological Park earned $20.31 million from ticket sales in the first seven months of 2023, a rise of 502.79 percent compared to the $3.37 million it collected during the same period last year, said a report recently. ...
Manoj Mathew
https://www.khmertimeskh.com/501338040/sharp-rise-in-angkor-park-footfalls-earning-top-20-31m/
Demand for Cambodia’s paddy, milled rice growing
The Kingdom’s rice export industry is on the rise. The Cambodia Rice Federation (CRF) recently reported that between January and July 2023, the nation exported more than 360,000 tonnes of milled rice to 52 target countries, accounting for 52 per cent of the yearly target ...
Van Socheata
https://www.phnompenhpost.com/business/demand-cambodias-paddy-milled-rice-growing
Cambodia records 3 mln int’l tourists in 7 months
Cambodia registered 3,037,344 international tourists in the first seven months of 2023, a significant rise of 308 percent from 743,459 over the same period last year, said a Ministry of Tourism’s report released on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501344304/cambodia-records-3-mln-intl-tourists-in-7-months/
ASEAN Green Transport Rally held in Indonesia to support Net Zero target
The Energy and Mineral Resources Ministry, together with the ASEAN Center for Energy (ACE), held the ASEAN Green Transport Rally (GTR) to support Indonesia’s chairmanship in 2023 and its net zero emissions target. ...
Khmer Times Staff
https://www.khmertimeskh.com/501346328/asean-green-transport-rally-held-in-indonesia-to-support-net-zero-target/
Insurance premiums rise to $81 million Q2
Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...
May Kunmakara
https://www.phnompenhpost.com/business/insurance-premiums-rise-81-million-q2
Loan offtake slows, NPLs go up
Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...
Manoj Mathew
https://www.khmertimeskh.com/501350471/loan-offtake-slows-npls-go-up/
UK Exports decline 15% Jan-July as orders drop
Bilateral trade between Cambodia and the UK in the first seven months of 2023 fell 14.6 per cent year-on-year to $496.3 million from $581.4 million, with nearly 90 per cent of the value consisting of exports from Cambodia, according to the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/uk-exports-decline-15-jan-july-orders-drop
Tax revenue dips 2% between Jan, July
The government collected 15.4 trillion riel or $3.7 billion in tax revenue in the first seven months of the year, which is equivalent to 58.7 per cent of the 2023 annual budget law, according to the Ministry of Economy and Finance. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-dips-2-between-jan-july
Foreign arrivals up 250.8% in first eight months
Cambodia received some 3.5 million foreign visitors in the first eight months of 2023, a year-on-year increase by 250.8 percent, but a decrease by 19.7 percent compared to the same period in 2019, according to a report of the Ministry of Tourism. ...
Khmer Times Staff
https://www.khmertimeskh.com/501369786/foreign-arrivals-up-250-8-in-first-eight-months/
Cambodia exports down 0.8 pct in first 9 months
Cambodia exported $16.94 billion worth of goods in the first nine months of 2023, a slight drop of 0.8 percent from $17.07 billion in the same period last year, said a General Department of Customs and Excise’s report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374605/cambodia-exports-down-0-8-pct-in-first-9-months/
Cambodia’s exports worth $15.7 billion in 8 months, up 0.3 pct
Cambodia exported products worth $15.7 billion in the first eight months of 2023, a slight increase of 0.3 percent from $15.64 billion in the same period last year, said a General Department of Customs and Excise’s report released on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501357435/cambodias-exports-worth-15-7-billion-in-8-months-up-0-3-pct/
Gasoline price remains stable at 4,600 riel per litre
The Ministry of Commerce on Sep 11, announced that the price of gasoline would remain the same for the next 10 days. The price of gasoline is 4,600 riel per litre, while the price of diesel is 4,750 riel per litre from September 11 to ...
Khmer Times Staff
https://www.khmertimeskh.com/501358408/gasoline-price-remains-stable-at-4600-riel-per-litre/