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Angkor Wat revenue at $51 million for last year

Revenue from foreign tourists buying passes to see temples in Siem Reap’s Angkor Wat complex amounted to about $51 million last year, according to a Post calculation of data that was released Friday in a letter by the Apsara Authority, which manages the site. [Bun] Narith ...

http://www.phnompenhpost.com/business/angkor-wat-revenue-51-million-last-year

Exports of rice to fall short of 2013 goal

Cambodia’s rice exports roughly doubled in the first nine months of this year compared with the same period in 2012, according to government data released yesterday. But the figures aren’t big enough to meet official goals for 2013. The numbers show that exports of fragrant rice ...

Hor Kimsay
http://www.phnompenhpost.com/business/exports-rice-fall-short-2013-goal

New Year sees tourism boom

The number of domestic and foreign tourists visiting historical sites and the Kingdom’s coastal areas increased sharply during this year’s three-day Khmer New Year, according to provincial tourism departments. Data from Siem Reap’s tourism department show 258,000 tourists visited the city of ancient temples, an increase ...

Chan Muy Hong
http://www.phnompenhpost.com/business/new-year-sees-tourism-boom

Telecom law outrage

Cambodia’s telecom sector is outraged over a draft law handed down by the Ministry of Posts and Telecommunications (MPTC) on Wednesday, which details a government plan to assert control over the industry. In what is being labeled an “unprecedented, draconian” effort to nationalise the industry, the ...

Eddie Morton
http://www.phnompenhpost.com/business/telecom-law-outrage

Cambodia relies on ASEAN

Cambodia Association of Travel Agents says good connections and airline service from other ASEAN member countries will be the main driver to push tourism forward. The association president, Ang Kim Eang, said the increase in ASEAN travellers to Cambodia was driven by an expansion of direct ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-relies-on-asean/

Remittances dip on exodus

Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...

Eddie Morton
http://www.phnompenhpost.com/business/remittances-dip-exodus

Smartphone software to help rice farmers

An international agriculture NGO is preparing to roll out a nationwide project in partnership with computer-chip maker Intel whereby more than 25,000 farmers will be able to receive real-time advice on farming methods via a smartphone app. The International Fund for Agricultural Development (IFAD) piloted the ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/smartphone-software-to-help-rice-farmers-67162/

Unlicensed lenders called out

Officials have released a public statement warning against a rise in unlicensed lenders they say are dangerously operating outside of Cambodian regulations and threatening financial stability. In a joint declaration from the Ministry of Economy and Finance and the National Bank of Cambodia on Monday, authorities ...

Hor Kimsay
http://www.phnompenhpost.com/business/unlicensed-lenders-called-out

Cambodia maintains export growth to South Korea

Cambodia exported $99.07 million worth of merchandise to South Korea in the first quarter of 2021, marking a marginal increase of more than five per cent from $93.85 in January-March of last year despite the ongoing Covid-19 pandemic, according to data from the Korea International ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-maintains-export-growth-south-korea

Kingdom-Japan trade slips 8% in 2020

Bilateral trade between Cambodia and Japan was worth $2.09957 billion last year, down 8.45 per cent from 2019, data from Japan External Trade Organisation (JETRO) show. ...

Thou Vireak
https://www.phnompenhpost.com/business/kingdom-japan-trade-slips-8-2020

South Korea trade nearly $870M in Jan-Nov

Bilateral trade between Cambodia and South Korea reached $869.735 million in the first 11 months of 2021, an 8.805 per cent surge from $799.354 million in the same period last year, according to data from the Korea International Trade Association (Kita) posted at the weekend. ...

Hin Pisei
https://www.phnompenhpost.com/business/south-korea-trade-nearly-870m-jan-nov

Korea trade up 23% to $195M in Jan-Feb

Bilateral trade between Cambodia and South Korea reached $195.124 million in the first two months of 2022, a 22.762 per cent surge from $158.945 million in January-February 2021, according to data provided by the Korea International Trade Association (KITA) on March 21.   ...

Hin Pisei
https://www.phnompenhpost.com/business/korea-trade-23-195m-jan-feb

Tax revenue on the rise

Cambodia’s tax revenue collected rose to $3,214.06 million in the first 11 months of the year, marking a 25.29 percent year-on-year (YoY) increase, with economic analysts claiming it is due to the strengthening of tax collection policies. ...

Meas Molika
https://kiripost.com/stories/tax-revenue-on-the-rise

Slowing inflation fails to ease cost-of-living burden

Despite forecasts that inflation will fall from 6.2 percent in 2022 to 2.5 percent this year, Cambodians continue to face livelihood difficulties in the first month of 2023 as the cost of goods on the market remains high. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-slowing-inflation-fails-to-ease-cost-of-living-burden

Cambodia’s poverty rate halved in 2019

Rising non-farm earnings, such as tourism, garment and construction sectors, helped to cut Cambodia’s national poverty to 17.8 percent from 33.8 percent between 2009 and 2019, the World Bank’s latest poverty assessment report for Cambodia stated. ...

Kiripost staff writers
https://kiripost.com/stories/cambodias-poverty-rate-halved-in-2019

Cambodia’s rubber exports surge by over 41%

Cambodia earned $260 million from the exports of natural rubber and rubber articles in the first five months of the year, a surge of 41.4 percent compared to the same period last year, according to the latest trade data of the General Department of Customs ...

Manoj Mathew
https://www.khmertimeskh.com/501311550/cambodias-rubber-exports-surge-by-over-41/

Cambodia operates 494 flights a week

Cambodia received and operated 494 flights per week at its three airports in the first three months of this year, according to the preliminary data from the State Secretariat of Civil Aviation (SSCA)—Cambodia’s regulatory and development agency for civil aviation activity and infrastructure. ...

Kang Sothear
https://www.khmertimeskh.com/501271800/cambodia-operates-494-flights-a-week/

Q1 milled rice exports soar to $126M on Europe sales uptick

Cambodia exported milled rice worth $126 million overseas in the first three months of 2023 – an increase of $20.9 million, or about 19.9 per cent, over the same period last year, according to data from the General Department of Customs and Excise of Cambodia ...

Van Socheata
https://www.phnompenhpost.com/national/q1-milled-rice-exports-soar-126m-europe-sales-uptick

Measures needed to cope with future tourism influx

Mekong countries, including Cambodia, are not equipped for a major surge in international tourists as they struggle to recover from pandemic-fuelled job losses, a lack of skilled workers, and meet the rising demands of visitors, a regional tourism leader has warned. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-measures-needed-to-cope-with-future-tourism-influx

ADB and Cambodia Post Bank sign $10m loan for MSMEs

The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan of up to $10 million to spur post-pandemic recovery for the nation’s micro-, small- and medium-sized enterprises (MSMEs) by increasing access to finance, with at least half earmarked for women. ...

Marissa Carruthers
https://kiripost.com/stories/adb-and-cambodia-post-bank-sign-10m-loan-for-msmes

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