Vietnam, Laos, Cambodia develop trade, tourism
The seventh investment–trade–tourism promotion conference for the Cambodia–Laos–Vietnam development triangle took place in the Central Highlands province of Kon Tum on December 5. The event attracted the participation of representatives from over 400 domestic and foreign businesses. Vietnam is investing in 50 projects worth close to ...
IFC invests over $438 million in Cambodia’s financial sector
International Finance Corporation (IFC) – a financial institution that promotes private-sector development in the least developed countries (LDCs) – has increased its investment from $167.5 million to $438.5 million into the Kingdom’s financial sector, a rise of 260 percent over the past five years. ...
Nhean Chamrong
https://www.khmertimeskh.com/501551175/ifc-invests-over-438-million-in-cambodias-financial-sector/
Regulator to Review Minimum Prices for Calls
An official at the Telecommunication Regulator of Cambodia (TRC) said Wednesday that the body plans to review and possibly lower the current minimum price per call after it recently ordered the country’s seven mobile phone operators to abide by a law that sets minimum call ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/regulator-to-review-minimum-prices-for-calls-48616/
Intervention sought in land dispute
Claiming that district authorities destroyed their crops with bulldozers in February to evict them from their land, villagers representing 25 families from Oddar Meanchey’s Anlong Veng district yesterday petitioned the National Assembly to grant them land titles. Village representative Sat Borath said the area is ...
Hong Menea
http://www.phnompenhpost.com/national/intervention-sought-land-dispute-0
Trade with Vietnam increases
A pledge in mid-June by Cambodia and Vietnam to increase bilateral trade by more than US$2.5 billion by 2015 may lead to decreased trade with Thailand, market analysts have said. The pledge made by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart Nguyen Tan Dung ...
http://www.phnompenhpost.com/index.php/2012070957288/Business/trade-with-vietnam-increases.html
Cambodia has 960 garment, footwear factories: labor minister
Garment and footwear industry, Cambodia’s largest foreign exchange earner, currently consists of 960 factories, employing some 620,000 workers, labor minister Ith Samheng said Thursday. The sector made a revenue of 5.5 billion U.S. dollars last year, accounting for around 80 percent of the country’s total exports, ...
Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-04/24/c_133287164.htm
ADB slashes Kingdom’s GDP forecast to 1.9% due to Covid
The Asian Development Bank has more than halved its forecast for Cambodia’s economic growth this year. It cut the gross domestic product forecast to 1.9 percent from April’s prediction of 4 percent growth. The ADB left next year’s forecast unchanged at 5.5 percent GDP expansion. ...
Michael Firn
https://www.khmertimeskh.com/50939651/adb-slashes-kingdoms-gdp-forecast-to-1-9-due-to-covid/
Ministry moves forward to establish tree breeding centre
A plan to establish a $5.5 million luxury tree breeding centre was set in motion during a meeting between the Agriculture Ministry and China’s Asia-Pacific Network for Sustainable Forest Management and Rehabilitation yesterday. The plan was raised by Agriculture Minister Veng Sakhon and Zhao Shucong, ...
Pech Sotheary
https://www.khmertimeskh.com/50637749/ministry-moves-forward-to-establish-tree-breeding-centre-2/
Largest MFI Prasac gets loan boost for coffers
Cambodia’s largest microfinance institution, (MFI) Prasac, has received a $60.5 million loan to strengthen its capacity in offering broader financial services in the country. On Friday, Prasac signed the agreement for the syndicate loan – provided by more than one lender – with the Netherlands Development ...
RCEP to boost trade by $40B
Regional Comprehensive Economic Partnership (RCEP) will boost trade volume by around $40 billion and increase real income by up to 2.5 percent, according to Prime Minister Hun Sen. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-hun-sen-rcep-to-boost-trade
Disasters present big risks for small GDPs
Cambodia’s small economy leaves it especially vulnerable to devastation in the face of large-scale natural disasters, United Nations agencies and Cambodian officials warned last week. “The relative size of an economy adds to the vulnerability as seen particularly in the case of the Lao Peoples’ Democratic ...
By Khouth Sophak Chakrya, P. 4
http://www.phnompenhpost.com/index.php/2012102959444/National-news/disasters-present-big-risks-for-small-gdps.html
CDC approvals rise by 247pc, January to July
The Council for the Development of Cambodia (CDC) approved 75 investment projects worth US$5.5 billion between January and July, according to council statistics. This growth represents a 247 per cent, year-on-year increase in the value of approved investment projects, 60 of which were in the industrial ...
Rice exports up, but cash shortage hitting
Rice exports for the first quarter of the year jumped 8.5 percent to 162,220 tons from 149,464 tons for the same period last year, but in March the figure dropped 14.5 percent, or 9,592 tons, to 66,275 tons in the face of competition from Thailand, ...
Sok Chan
http://www.khmertimeskh.com/news/23629/rice-exports-up--but-cash-shortage-hitting/
World Bank says Cambodia needs to diversify its tourism products and improve its trade competitiveness
Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent in 2023, led by manufacturing exports, according to a World Bank report. ...
Khmer Times Staff
https://www.khmertimeskh.com/501293706/world-bank-says-cambodia-needs-to-diversify-its-tourism-products-and-improve-its-trade-competitiveness/
Concern as Omicron variant cases rise in neighbouring countries
The Ministry of Health has alerted people to be vigilant and continue to practise preventive measures followed for COVID-19, as transmission from a new sub- variant, Omicron XBB.1.5, are increasing in neighbouring countries. ...
Tith Kongnov
https://www.khmertimeskh.com/501298252/concern-as-omicron-variant-cases-rise-in-neighbouring-countries/
1.3 Million Visitors Arrive in First Semester for 2011
About 1.3 million International visitors arrived in Cambodia in semester one in 2011 with an increase of 13.4 percent if comparing to the same period last year, Tourism Minister announced at a seminar this week. “It is expected that about 2.8 million tourists will pour ...
Phnom Penh sees rise in shipments in 2012
Container traffic through the Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year compared to the sme period last year, according to port figures. In the January through August period, the port received 57,000 twenty-foot-equivalent units, or TEUs, up ...
ADB lowers Cambodia’s economic growth to 6.4% in 2012 due to weak global demand
The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...
Construction costs low, but could rise
Construction costs in the Kingdom have increased only 1.36 per cent year-on-year, compared to Cambodia’s inflation rate, which is projected at 3.5 per cent for 2012, according to a new report from global estate agents CBRE. The company says the minimal increase is due to the ...
http://www.phnompenhpost.com/2013030761790/Real-Estate/construction-costs-low-but-could-rise.html
Service Sector
The real growth rate of the service sector has been revised upwardly by half a percentage point against our previous prediction to 5.4 percent year-on-year in 2012, on the back of higher growth expected in the local trade and transport subsectors. The growth outlook of this sector in 2013 is quite ...