NBC’s Chanto: Kingdom’s growth will hit 6% in 2023
The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...
Rann Reuy
https://www.phnompenhpost.com/national/nbcs-chanto-kingdoms-growth-will-hit-6-2023
Norwegian Energy Firm Eltek Demands Mfone Pay Up
Norwegian energy firm Eltek on Thursday demanded $5 million it is owed from bankrupt telecommunications company Mfone by the end of October and blamed the court and the government for stalling payment. During a meeting at Mfone’s headquarters in Phnom Penh’s Boeng Keng Kang III commune, ...
Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/business/norwegian-energy%E2%80%88firm-eltek-demands-mfone-pay-up-42823/
World Bank Says Credit Growth Still a Risk
The World Bank has warned that the rapid growth of lending by Cambodia’s Banks is still a concern, despite a recent slow-down in credit disbursals. “Credit growth, which has been driven largely by wholesale and retail financing, and starting in 2011 agriculture financing, has eased to ...
http://www.cambodiadaily.com/business/world-bank-says-credit-growth-still-a-risk-20690/
For Union Leader on Run, Militant Attitude Prevails
Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...
Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/
Stock market rings in PPAP
Shares in Phnom Penh Autonomous Port (PPAP) debuted on Cambodia’s sleepy stock exchange yesterday morning, ending the day at 5,140 riel ($1.28), down 1.15 per cent from the 5,200 riel opening price, after a lukewarm session of sideways trading that dashed some investors’ hopes for ...
Cam McGrath
http://www.phnompenhpost.com/business/stock-market-rings-ppap
Tourism wins in China trade deal
Unless Cambodian exporters find new routes to China, a proposed doubling of bilateral trade to US$5 billion by 2017 would mean little more than increased Chinese goods and investment flooding into the Kingdom. Chinese investments and imports dominated bilateral trade with Cambodia, which was worth about ...
http://www.phnompenhpost.com/index.php/2012040655456/Business/tourism-wins-in-china-trade-deal.html
Resettlement Plans Begin for Families Affected by Sesan Dam
Thousand of families that stand to be evicted when construction work on the Lower Sesan 2 Dam begins in 2014 will each receive a 1-hectare plot of land for a home as well as a 5 additional hectares for growing crops, provincial officials said yesterday. Provincial ...
Direct flights set for all ASEAN this year
CAMBODIA will have direct flights to all ASEAN member states this year in order to promote stronger growth of the tourism sector in the Kingdom, according to the Ministry of Tourism. Minister of Tourism Thong Khon said Cambodia will become fully connected to the ASEAN region ...
http://www.phnompenhpost.com/2013022861655/Business/direct-flights-set-for-all-asean-this-year.html
Cambodia's economy to grow by 7.2 pct in 2013, stronger in 2014: ADB
Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United States takes hold, according to the Asian Development Bank’s annual economic outlook released on Tuesday. The United States and Europe are the ...
http://news.xinhuanet.com/english/business/2013-04/09/c_132295116.htm
At border, gov’t bill mounts
The financial burden inflicted by hundreds of thousands of returning Cambodian migrant workers has already reached $5 million in government-mobilised emergency services alone, according to official estimates. In less than two weeks, nearly 200,000 mostly undocumented Cambodian migrants have spilled through the Thai-Cambodia border, fleeing what ...
May Titthara and Meas Sokchea
http://www.phnompenhpost.com/national/border-gov%E2%80%99t-bill-mounts
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
Council for the Development of Cambodia approves 211 Japanese investment projects
The Council for the Development of Cambodia (CDC) has approved 211 Japanese investment projects worth about $3.14 billion to invest in Cambodia as of July 2021, according to a CDC’s press release. ...
Hin Pisei
https://www.postkhmer.com/business/2021-09-01-1042-222828.html
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
Thailand trade prevails despite barriers
Bilateral trade between Cambodia and Thailand reached $5.97 billion in the first nine months of 2021, surging by 18 per cent year-on-year from $5.08 billion despite disruptions caused by the community spread of Covid-19 in the two ASEAN nations, according to a report from the ...
May Kunmakara
https://www.phnompenhpost.com/business/thailand-trade-prevails-despite-barriers
IMF sees Cambodia registering a combined GDP growth of one percent this year and to expand to 8.5 percent in 2021
The International Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of 1.0 percent this year before surging 8.5 percent next year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50714379/imf-sees-cambodia-registering-a-combined-gdp-growth-of-one-percent-this-year-and-to-expand-to-8-5-percent-in-2021/
Fish catches slowing as waters deteriorate
Coastal fish yields declined by 5 per cent in the past year, a coastal fishery administration officer said yesterday. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/fish-catches-slowing-waters-deteriorate
Cambodia’s Economic Growth Will Help Poverty Reduction
Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...
Pricey petrol punishes poor
Petrol prices have jumped by 150 riel (US$0.03) a litre, much to the dismay of Cambodia’s poor, as NGOs appealed to the government to take action. Rong Chhun, president of the Cambodian Confederation of Unions (CCU), issued a letter dated August 16 appealing to Prime Minister Hun ...
http://www.phnompenhpost.com/index.php/2012082058157/Business/pricey-petrol-punishes-poor.html
Credit growth in Cambodia's banking sector slightly up in 1st two months
Cambodia’s banking industry recorded a slight increase in lending in the first two months of this year after a sharp rise last year, according to a consolidated data provided by the National Bank of Cambodia (NBC) on Saturday. The data showed that the kingdom’s 33 commercial ...
http://www.asean-china-center.org/english/2013-04/28/c_132347546.htm
Mobile Phone Subscriptions Near 20 Million
The number of mobile telephone subscriptions reached nearly 20 million at the end of June, representing 135 percent of the total population, the telecoms minister said last week. The number of mobile subscriptions first topped Cambodia’s total population of 14.5 million people in November last year, ...