PM: Civil servants to get pay raise
After a two-year Covid-19 hiatus, Prime Minister Hun Sen on June 13 announced a pay raise for more than 360,000 civil servants effective in 2023, with health and education officials receiving the highest raise and now earning a base salary of 1.5 million riel ($375). ...
Lay Samean
https://www.phnompenhpost.com/national/pm-civil-servants-get-pay-raise
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
Kingdom collects $2.79 billion in tax revenue in 1H
Cambodia collected 11,497.98 billion riels (approximately $2.79 billion) from all sources of taxes in the first half of 2023, which is equivalent to 49.1 percent of the target ($5,692 million) for the year, according to the Ministry of Economy and Finance’s report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501339088/kingdom-collects-2-79-billion-in-tax-revenue-in-1h/
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/
Taipei extends High-end Group Tourists visa facilities for Cambodia
The trial visa-free treatment of tourists from Thailand, Brunei and the Philippines will be extended for another year, from Aug. 1, 2023 to July 31, 2024, the Ministry of Foreign Affairs (MOFA) announced Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501337691/taipei-extends-high-end-group-tourists-visa-facilities-for-cambodia/
S’pore exports up 500% in H1
Exports to Singapore rose more than five times to $415 million in the first half of 2023 from $62.4 million in the same period last year, as imports from Singapore fell 82 per cent to $371.8 million from $2.02 billion. ...
Hin Pisei
https://www.phnompenhpost.com/business/spore-exports-500-h1
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
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
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
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
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-Canada trade falls 25% Jan-July due to global slowdown: GDCE
The effects of the ongoing global political and economic crisis has likely affected bilateral trade between Cambodia and Canada, as reflected by a 24.7 per cent year-on-year fall in trade value at $535 million in the first seven months of 2023, versus $711.1 million last ...
Hin Pisei
https://phnompenhpost.com/business/cambodia-canada-trade-falls-25-jan-july-due-global-slowdown-gdce
$1.5M shared to suspended workers
From April 1 to September 5 of 2023, the government allocated almost $1.5 million in cash transfers to nearly 35,000 factory workers whose contracts were suspended. Many of the suspended workers have returned to work. ...
Long Kimmarita
https://www.phnompenhpost.com/national/15m-shared-suspended-workers