CRF aims sky high with milled-rice export targets
The Cambodia Rice Federation (CRF) has set full-year milled-rice export targets for the Kingdom at 750,000 tonnes in 2023 and one million tonnes in 2025, which would constitute 17.7 per cent and 57.0 per cent increases from the 637,004 tonnes – valued at $414.29 million ...
Hin Pisei
https://www.phnompenhpost.com/business/crf-aims-sky-high-milled-rice-export-targets
Job loss fears as GFT exports decline by 25 percent in February
Cambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses. ...
Manoj Mathew
https://www.khmertimeskh.com/501253565/job-loss-fears-as-gft-exports-decline-by-25-percent-in-february/
Int’l airports welcome 2.48M passengers in H1
The international airports in Phnom Penh, Siem Reap, and Sihanoukville welcomed a combined 2.48 million passengers in the first half of this year, a staggering 270 percent increase over the same period in 2022, a senior official at the State Secretariat of Civil Aviation said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501321302/intl-airports-welcome-2-48m-passengers-in-h1/
Ecobatt, environment ministry tackle e-waste
In a joint effort between the Ministry of Environment and Ecobatt Energy Investment International (Ecobatt), over 30 tonnes of electronic waste, including used cell batteries and electrical equipment, were collected between August 2022 and October 2023. ...
Post Staff
https://www.phnompenhpost.com/national/ecobatt-environment-ministry-tackle-e-waste
Construction approvals down, investment up
Cambodia approved over 2,600 construction investment projects in the first three quarters of 2023, marking a 19% decrease compared to the same period in 2022. Investment capital and construction space, however, have surged by over 100%, as per the Ministry of Economy and Finance ...
Hin Pisei
https://www.phnompenhpost.com/business/construction-approvals-down-investment-up
Gov’t bonds reduce foreign borrowing
Since the government, through the Ministry of Economy and Finance, started issuing sovereign bonds in September 2022, they have emerged as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development. ...
May Kunmakara
https://www.phnompenhpost.com/post-in-depth/gov-t-bonds-reduce-foreign-borrowing
Royal Group PPSP sees four-fold increase in annual net profits in 2023
Royal Group Phnom Penh SEZ Plc. (RGPPSP) has recorded an almost four-fold increase in annual net profits for 2023 compared to 2022, according to a Cambodia Stock Exchange (CSX) bourse filing by the special economic zone (SEZ) developer last week. ...
James Whitehead
https://www.khmertimeskh.com/501438729/royal-group-ppsp-sees-four-fold-increase-in-annual-net-profits-in-2023/
Senate Approves Law Allowing Cambodians to Work in Qatar
The Senate yesterday approved a law making way for Cambodians to travel to Qatar for work, an official said. The 52 senators present passed the law unanimously and without amendments, said Oum Sarith, Senate cabinet chief. The agreement lets Cambodians work in the oil-rich emirate’s service ...
CEDAC pools capital to produce organic rice
Cambodian Center for Study and Development in Agriculture (CEDAC), a Cambodian agricultural organisation, will collect US$20 million from the Kingdom’s farmers through 2022 in an attempt to accumulate capital for organic rice production. Oun Sophal, president of CEDAC’s Farmer Network from Kampot province’s Dang Tong ...
Ministry pledges to achieve drop in poor landowners
The Ministry of Agriculture has pledged to achieve the goal of reducing poverty among small landholders despite the COVID-19 pandemic. The ministry is aiming to achieve this through the Agriculture Services Programme for Innovation, Resilience and Extension (ASPIRE) project Phase II by 2022. ...
Sorn Sarath
https://www.khmertimeskh.com/50732783/ministry-pledges-to-achieve-drop-in-poor-landowners/
ADB forecast: 4% economic growth in 2021
Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-forecast-4-economic-growth-2021
Puthea: NEC welcomes observers for Cambodia’s free, fair elections
The National Election Committee (NEC) is in the process of updating and verifying the 2021 voter registration list in preparation for the 5th mandate commune council elections scheduled for June 5, 2022. ...
Nov Sivutha
https://www.phnompenhpost.com/national/puthea-nec-welcomes-observers-cambodias-free-fair-elections
Kin Phea: Kingdom needs to act as referee, maintain amity in international spats
With Cambodia set to take over the ASEAN chair and host the ASEAN Summit in 2022, there are a number of prominent issues the Kingdom will need to take the lead on, including the crisis in Myanmar, tensions over the South China Sea and the ...
More than two million tourists traversed the country during the New Year weekend
The Ministry of Tourism has reported that that the three days of the Global New Year holiday and weekend from December 31, 2021 to January 2, 2022 brought 2,002,298 domestic tourists out to traverse the country and take in the tourism sites of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000354/more-than-two-million-tourists-traversed-the-country-during-the-new-year-weekend/
New GMAC chairman elected to develop textile industry
The Garment Manufacturers Association of Cambodia (GMAC) held its 15th Annual General Meeting on Saturday to announce the results of work done during the last term and elect a new chairman and executive committee members for the 2022-2023 term. ...
Yin Soeum
https://www.khmertimeskh.com/501007947/new-gmac-chairman-elected-to-develop-textile-industry/
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
Ex-UNTAC commander meets PM
Lieutenant General John Sanderson – a retired senior Australian Army officer and former Force Commander of the UN Transitional Authority in Cambodia (UNTAC) – praised the rapid development of Cambodia and its “huge successes” while also expressing his appreciation for the Kingdom’s contributions to global ...
Ry Sochan
https://www.phnompenhpost.com/national/ex-untac-commander-meets-pm
Jan-Mar Canada exports rise 8% as CCC eyes office launch
Cambodia netted $241.41 million from exports to Canada in the first quarter of 2022, marking an 8.1 per cent rise year-on-year from $223.23 million, and accounting for 98.2 per cent of bilateral trade over the period, according to Customs. ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-mar-canada-exports-rise-8-ccc-eyes-office-launch
GDT revenues benefit from post-Covid boost
The General Department of Taxation (GDT) announced that it collected 13.01693 trillion riel, or $3.21406 billion, of tax revenues in the first 11 months of 2022, equivalent to 113.99 per cent of the full-year target of $2.81955 billion, reflecting improvements in economic activity post-Covid-19. ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-revenues-benefit-post-covid-boost
Preah Sihanouk special economic zone policy draft approved
The Council of Ministers on January 13 examined, discussed and agreed to the draft policy on land management and use to convert Preah Sihanouk province into a “Model Multi-Purpose Special Economic Zone” with planning to that end from 2022-2038. ...
Post Staff
https://www.phnompenhpost.com/business/preah-sihanouk-special-economic-zone-policy-draft-approved