Cambodia’s RCEP trade up 14%
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose by 13.98 percent to $11.19 billion, a report from the Ministry of Commerce said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501489816/cambodias-rcep-trade-up-14/
Blueprint to implement agricultural reforms underway
The Ministry of Agriculture, Forestry and Fisheries (MAFF) Tuesday held a meeting with specialists in natural resources and agriculture and representatives of the Asian Development Bank (ADB) as well as the officials from the Credit Guarantee Corporation of Cambodia (CGCC) to prepare a blueprint for ...
Mom Kunthear
https://www.khmertimeskh.com/501517086/blueprint-to-implement-agricultural-reforms-underway/
Govt sets up teams to monitor development works
The Royal Government of Cambodia (RGC) Saturday announced the establishment of working groups to monitor, review and evaluate the implementation of the development plans and strategic policies of the ministries and institutions based on the slogan ‘Strengthen and Organise Individual Home’. ...
Nhean Chamrong
https://www.khmertimeskh.com/501519498/govt-sets-up-teams-to-monitor-development-works/
Kingdom sees surge in investment in first half 2024
The Council for the Development of Cambodia (CDC) approved $3.2 billion in fixed-asset investment for 190 projects during the first six months of 2024, nearly double (up 194 percent) the investment from the $1.1 billion recorded for the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501518989/kingdom-sees-surge-in-investment-in-first-half-2024/
CDC approves 190 new projects worth $3.2 billion investment in H1
From January to June 2024, the Council for the Development of Cambodia (CDC) approved 190 new projects, production expansion projects, and special economic zone investment projects with a total investment of $3.2 billion and can create 168,572 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501518342/cdc-approves-190-new-projects-worth-3-2-billion-investment-in-h1/
Crop insurance sees 40 percent boost, covers 76k farmers
Crop insurance coverage has increased more than 40 percent to cover over 76,000 farmers in the country, as per data shared at an event titled, ‘Updates of Insurance Market in Cambodia’, held on Thursday in Phnom Penh. ...
Rachel David
https://www.khmertimeskh.com/501526832/crop-insurance-sees-40-percent-boost-covers-76k-farmers/
Press release on facilitating the US Dollar banknote circulation
On 2 August 2024, the National Bank of Cambodia issued a press release on facilitating the US Dollar banknote circulation on their official website. According to the press, all banking and financial institutions and money changers throughout Cambodia will be required to accept old or ...
National Bank of Cambodia
Consumer loans swell by 12%, reflecting banking industry growth
Consumer loans increased by 12 percent in the first half of 2024 compared to the previous year’s figure of 10.5 percent, said Association of Banks in Cambodia (ABC) Chairman and MayBank CEO Rath Sophoan at the Cambodia Banking Conference 2024, on Thursday. ...
Rachel David
https://www.khmertimeskh.com/501546093/consumer-loans-swell-by-12-reflecting-banking-industry-growth/
New charter covers all media, content creators, MMO activities
Cambodia’s first “Charter for Professional Journalism” is designed to elevate journalistic ethics and standards across all forms of media, including content creators and those involved in make-money-online (MMO) activities. ...
Hong Raksmey
https://www.phnompenhpost.com/national/new-charter-covers-all-media-content-creators-mmo-activities
CDC approves investments worth $396M in July
The Council for Development of Cambodia (CDC) has greenlighted 44 new investment projects worth $396 million in July 2024. ...
Chea Vanyuth
https://www.khmertimeskh.com/501537398/cdc-approves-investments-worth-396m-in-july/
44 projects worth $396 million given green light
The Council for the Development of Cambodia approved 44 projects in July that have the potential to generate 25,000 jobs, with China standing as the leading investor. ...
Meas Molika
https://kiripost.com/stories/44-projects-worth-396-million-given-green-light
CDC approves nearly 400 investment projects worth over $7.5 billion in one year
From September 2023 to August 2024, in the first year of the 7th-mandate the Royal Government of Cambodia, the Council for Development of Cambodia (CDC) granted licences to 391 new investment projects and production expansion projects with a combined capital of over $7.5 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501549890/cdc-approves-nearly-400-investment-projects-worth-over-7-5-billion-in-one-year/
CDC reports 161 percent investment surge
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 ...
Nhean Chamrong
https://www.khmertimeskh.com/501560387/cdc-reports-161-percent-investment-surge/
IMF urges private sector to continue promoting riel
The International Monetary Fund (IMF) Monday urged members of the Cambodian Chamber of Commerce (CCC) to continue promoting the use of local currency to boost Cambodia’s economy stronger and less vulnerable to the negative effects of exchange rate fluctuations of the international currency. ...
Chea Vanyuth
https://www.khmertimeskh.com/501561130/imf-urges-private-sector-to-continue-promoting-riel/
Bicycle export earns $278M in first eight months
Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/
Over $5 billion investment projects registered in Q3
Cambodia has secured 315 fixed-asset investment projects worth $5.28 billion during the first nine months of this year, a report from the Council for the Development of Cambodia (CDC) showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570842/over-5-billion-investment-projects-registered-in-q3/
Exports soar to nearly $20 billion in Q3
Cambodia exported goods worth approximately $19.8 billion during the first three quarters of 2024, up 17 percent from $16.9 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Thursday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501572159/exports-soar-to-nearly-20-billion-in-q3/
Human rights watch: Cambodian government’s claims of democracy do not reflect reality
Cambodia’s 2023 election year was marked by attacks against government critics and independent media, according to a 2024 global Human Rights Watch (HRW) report published Thursday. ...
Khuon Narim and Leila Goldstein
https://cambojanews.com/human-rights-watch-cambodian-governments-claims-of-democracy-do-not-reflect-reality/
Woori Bank: 30 years of ‘rapid expansion’
Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the ...
May Kunmakara
https://www.phnompenhpost.com/business/woori-bank-30-years-rapid-expansion
Cambodia seeks more investment from Europe
Even though Cambodia has attracted more European investors, the number of their investment projects in the country is still small, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501455006/cambodia-seeks-more-investment-from-europe/