Milled rice exports increase 3% in 2023
In 2023, Cambodia exported more than 656,000 tons of milled rice worth $466 million, marking a three percent growth in volume and 13 percent in value compared with 2022, according to Cambodia Rice Federation (CRF). ...
Yatt Malai
https://kiripost.com/stories/milled-rice-exports-increase-3-in-2023
France maintains $100M pledge for Cambodia
The French government through the French Development Agency or Agence Française de Développement (AFD) has maintained its annual financing commitment at about $100 million as a concessional loan for Cambodia to develop and recover the country’s post-Covid-19 economy in line with its national development strategy ...
Kang Sothear
https://www.khmertimeskh.com/501155615/france-maintains-100m-pledge-for-cambodia/
MGC Museum’s staff trained in silk weaving at IKTT Centre in Angkor
A key partnership was established between UNESCO and the APSARA National Authority in August 2022 for the implementation of the project “Promoting sustainable tourism and private sector engagement for inclusive community development in response to the COVID-19 crisis”, with the financial support of the German ...
Khmer Times Staff
https://www.khmertimeskh.com/501195314/mgc-museums-staff-trained-in-silk-weaving-at-iktt-centre-in-angkor/
Payment in riel grew faster than US dollar through Bakong
The amount of cash paid in riel by account holders through Bakong system has increased 4.1 times in 2022 compared to the previous year, while that paid in US dollar through the same system has risen 3.2 times, and the transactions made through this system ...
Kang Sothear
https://www.khmertimeskh.com/501276160/payment-in-riel-grew-faster-than-us-dollar-through-bakong-2/
Survey reveals women’s political interest
A recent survey of 100 people in Battambang and Kampong Chhnang provinces and Phnom Penh by civil society organisations revealed that 85 per cent of women are still interested in entering politics, especially through the commune and general elections in 2022 and 2023 respectively. ...
Nov Sivutha
https://www.phnompenhpost.com/national-politics/survey-reveals-womens-political-interest
US can’t force ASEAN to help contain China
As chair of the Association of Southeast Asian Nations for 2022, Cambodia announced on April 18 that ASEAN and the United States will hold a special summit in Washington on May 12-13 to commemorate 45 years of ASEAN-US relations. The second special summit since 2016 ...
Khmer Times Staff
https://www.khmertimeskh.com/501074842/us-cant-force-asean-to-help-contain-china/
Cambodia seeks more Korean funds in textiles
As part of the process to strengthen and widen the base of the economy as the country has entered the fourth quarter of 2022, the Government of Cambodia is seeking to tick all the right boxes, and it includes tourism, textiles exports as well as ...
Khmer Times Staff
https://www.khmertimeskh.com/501171566/cambodia-seeks-more-korean-funds-in-textiles/
Inflation nears 8 percent, riel depreciates, trade deficit narrows in June
Cambodia’s inflation has risen to 7.85 percent in June 2022 compared on a year-on-year basis to 7.17 percent the previous month, which was the highest in the last decade, while the value of Riel has fallen 0.07 percent to 4,091 riel per US dollar and ...
Kang Sothear
https://www.khmertimeskh.com/501166675/inflation-nears-8-percent-riel-depreciates-trade-deficit-narrows-in-june/
Cambodia working towards independent foreign policy
Taking the baton for the third time as the ASEAN chair in 2022, Cambodia’s diplomatic tenacity was tested by the war in Ukraine, Myanmar’s political upheaval, cross-Strait tensions, COVID-19 and US–China competition. Despite this precarity, Cambodia steered ASEAN through geopolitically choppy waters. The outlook for 2023 ...
Chansambath Bong
https://www.eastasiaforum.org/2023/02/14/cambodia-working-towards-independent-foreign-policy/
Over $53M in e-commerce taxes since May, GDT says
The General Department of Taxation (GDT) reports that it has collected 214.68 billion riel ($53.01 million) in taxes from e-commerce to date since May 2022 – with an above-average 36.62 billion riel or $9.04 million last month alone – in a feat seen as an ...
May Kunmakara
https://www.phnompenhpost.com/business/over-53m-e-commerce-taxes-may-gdt-says
Cambodia reports $6.6M budget surplus in 11 months
The Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million ...
Kang Sothear
https://www.khmertimeskh.com/501214805/cambodia-reports-6-6m-budget-surplus-in-11-months/
Cambodia charts 1.8b digital payments, valued at $492b in 2023
Some 1.8 billion Khmer riel and US dollar digital transactions valued at $492 billion were recorded in 2023, which rose over 600 million from 1.1 billion transactions in 2022, the National Bank of Cambodia (NBC) said on March 29. This significant increase, an economist opined, ...
Meas Molika
https://kiripost.com/stories/cambodia-charts-18b-digital-payments-valued-at-492b-in-2023
‘New normal’ academic year kicks off
Cambodia kicked off the new academic year of 2021-2022 for all grades on January 10, with all students required to implement the “new normal path in education” in the context of Covid-19. This came after two years of remote learning and disruptions to regular classroom ...
Voun Dara
https://www.phnompenhpost.com/national/new-normal-academic-year-kicks
Vietnam, Cambodia promote multi-faceted collaboration
Chairwoman of the Vietnam-Cambodia Friendship Association Nguyen ThiThanh and Chairwoman of the Cambodia-Vietnam Friendship Association Men Sam An on November 12 co-chaired a conference in Tay Ninh province to review the one-year implementation of a memorandum of understanding (MoU) on coordination between the two associations ...
Khmer Times Staff
https://www.khmertimeskh.com/501391314/vietnam-cambodia-promote-multi-faceted-collaboration/
Alarm over workers to Emirates
Cambodian labourers may soon be recruited to construction sites in the United Arab Emirates, where conditions are described as “tragic” by human rights groups. The Lebanon-based company that would hire the workers under the prospective scheme, Agostine & Raphael Group, is run by Middle Eastern tycoon ...
Daniel Pye
http://www.phnompenhpost.com/national/alarm-over-workers-emirates
China remains the largest export market for Cambodia
The CCFTA, signed in October 2020 and effective since January 2022, was initiated by Cambodian officials with the aim of broadening its trade relations and export markets in China in response to the economic fallout caused by the pandemic, local flooding, and economic pressures and ...
Khmer Times Staff
https://www.khmertimeskh.com/501320543/china-remains-the-largest-export-market-for-cambodia/
Asia-Pacific growth poised to quicken with Chinese economy at faster pace
Developing economies in Asia and the Pacific this year are projected to see better performances than in 2022 as the continued easing of pandemic restrictions boosts consumption, tourism and investment, the Asian Development Bank (ADB) has said, highlighting “China’s reopening is the main factor brightening ...
Khmer Times Staff
https://www.khmertimeskh.com/501322842/asia-pacific-growth-poised-to-quicken-with-chinese-economy-at-faster-pace/
ChildFund debuts ‘Swipe Safe’ plans
The NGO ChildFund has announced its strategic plan for 2022-2025 as well as a brand-new online safety project “Swipe Safe” to protect children from online abuse of all kinds. ChildFund said in its press release on November 2 that the ChildFund-initiated project, “Swipe Safe” will begin ...
Mom Kunthear
https://www.phnompenhpost.com/national/childfund-debuts-swipe-safe-plans
Exports to Thailand, Vietnam up as traditional markets shrink
Cambodia’s exports to neighbouring Thailand and Vietnam surged in January this year compared to the same period last year in sharp contrast to the country’s exports to traditionally strong markets such as China and the US declining during the period. According to the data of ...
Manoj Mathew
https://www.khmertimeskh.com/501241502/exports-to-thailand-vietnam-up-as-traditional-markets-shrink/
Two coal power plants built in Preah Sihanouk
The locally owned Cambodia International Investment and Development Group (CIIDG) and China Huadian Hong Kong Co Ltd (CHDHK) are partnering to build two coal-fired power plants in Preah Sihanouk province. With capital investment of around $1 billion, the facilities will be able to produce some ...
Thou Vireak
https://www.phnompenhpost.com/business/two-coal-power-plants-built-preah-sihanouk