NBC policies in line with Pentagonal Strategy
The first plenary session of the new Council of Ministers under the leadership of Prime Minister Hun Manet has approved the Pentagonal Strategy-Phase 1 on August 24, 2023, to unleash a host of economic activities to be implemented to transform Cambodia into a high-income economy ...
Khmer Times Staff
https://www.khmertimeskh.com/501377575/nbc-policies-in-line-with-pentagonal-strategy/
Ministries unite to fight antimicrobial resistance
An action plan on antimicrobial resistance has been launched by the government to promote human and animal welfare in agriculture. The launch of the Multi-Sectoral Action Plan on Antimicrobial Resistance 2019-2023 was held on Monday in Phnom Penh. The strategy is the work of the ministries ...
Pech Sotheary
https://www.khmertimeskh.com/50673496/ministries-unite-to-fight-antimicrobial-resistance
NEC pilot elections on May 23 employ tech to test system’s accuracy
The National Election Committee (NEC) plans to hold a pilot election on May 23 to test the accuracy of registered political parties, candidate and voter lists, and vote counting using information technology. The election is in preparation for the upcoming commune and national elections set ...
Nov Sivutha
https://www.phnompenhpost.com/national-politics/nec-pilot-elections-may-23-employ-tech-test-systems-accuracy
Phnom Penh-Sihanoukville expressway 51% complete
The construction of the nearly $2 billion Phnom Penh-Sihanoukville Expressway is 51.35 per cent complete and is expected to be finished in 2023, according to Ministry of Public Works and Transport secretary of state Vasim Sorya. ...
Thou Vireak
https://www.phnompenhpost.com/business/phnom-penh-sihanoukville-expressway-51-complete
Gov’t to launch informal economic policy this year
The Royal Government of Cambodia (RGC) is set to prepare and launch the informal economy policy before the end of 2023 to develop and upgrade the informal sector in a management system under the formal economy, said a top official of the Ministry of Economy ...
Kang Sothear
https://www.khmertimeskh.com/501230999/govt-to-launch-informal-economic-policy-this-year/
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). Concurrently, imports from Australia ...
Hin Pisei
https://phnompenhpost.com/business/cambodia-oz-trade-dips-85
Cambodia attracts record foreign investment growth
Despite global and regional economic downturns due to ongoing geopolitical conflict, Cambodia continues to be a beacon for investments. In the first nine months of 2023, the Kingdom drew in fixed-asset investments worth $3.76 billion, marking an 8.6 per cent rise from the $3.46 billion ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-attracts-record-foreign-investment-growth
Siem Reap to build light rail line from Siem Reap-Angkor International Airport to Siem Reap city
Siem Reap will build a light rail line from Siem Reap-Angkor International Airport to Siem Reap city, according to a consultation meeting between relevant institutions and China Metro to collect information and data for the study of the light rail project by the Ministry of ...
Cambodia’s EoDB index still positive: EuroCham
Cambodia’s ease of doing business (EoDB) index remains positive despite external challenges including global inflation and the Russia-Ukraine conflict, according to the Business Confidence Survey 2023 by the European Chamber of Commerce (EuroCham). ...
May Kunmakara
https://phnompenhpost.com/business/cambodias-eodb-index-still-positive-eurocham
New Tonle Sap eco-tourism network to be established soon
The “Tonle Sap Eco-Tourism Network” will be established on the occasion of the 3rd National Ecotourism Forum on November 21 and 22 2023, said Minister of Tourism Thong Khon, on October 27, at the closing ceremony for a workshop on the establishment of the forum, ...
Keo Kereya
https://www.phnompenhpost.com/national/new-tonle-sap-eco-tourism-network-be-established-soon
Bilateral trade between Cambodia and Japan worth $1.948 billion in 2022
The figure was revealed by Prime Minister Hun Sen when presiding over the groundbreaking ceremony for the construction of container terminal of Sihanoukville Autonomous Port (PAS), and the celebrations of the 70th Anniversary of Cambodia. -Japan Diplomatic Relations (1953-2023), and the 137th anniversary of International ...
Khmer Times Staff
https://www.khmertimeskh.com/501282910/bilateral-trade-between-cambodia-and-japan-worth-1-948-billion-in-2022/
Cambodian exports to Vietnam surge by nearly a quarter to $1.3B
Cambodia’s goods exports to Vietnam reached $1.324 billion in the first five months of 2023, up 22.69 per cent year-on-year from $1.079 billion and up 83.92 per cent half-on-half from $719.79 million, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-exports-vietnam-surge-nearly-quarter-13b
Debt ratio below most ASEAN states: IMF
Cambodia’s general government gross debt (GGGD) is projected to reach 37.5 per cent of GDP (gross domestic product) in 2023 – up from 36.5 per cent in 2022 – which, although marking the highest rate since 42.7 per cent in 2004, is lower than that ...
May Kunmakara
https://www.phnompenhpost.com/business/debt-ratio-below-most-asean-states-imf
GDT collects $1.34 billion in Q1 amid challenges
The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has collected more than $1.34 billion of tax revenue in the first three months of 2023, an increase of 6.39 percent compared to the same period of the previous year, while ...
Kang Sothear
https://www.khmertimeskh.com/501280694/gdt-collects-1-34-billion-in-q1-amid-challenges/
Cambodia’s export to RCEP countries up 24 percent in H1
Cambodia’s total export to other Regional Comprehensive Economic Partnership (RCEP) countries amounted to $4.07 billion in the first half of 2023, up 24 percent from $3.28 billion over the same period last year, said the Ministry of Commerce’s latest report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501326651/cambodias-export-to-rcep-countries-up-24-percent-in-h1/
Jan-Apr rubbers exports bounce up 38%: GDCE
Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-rubbers-exports-bounce-38-gdce
Global economy will slow for a third straight year in 2024, World Bank predicts
That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...
Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts
Cambodia’s garments and agricultural products continue to drive export growth
Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...
Khmer Times Staff
https://www.khmertimeskh.com/501406845/cambodias-garments-and-agricultural-products-continue-to-drive-export-growth/
Canada now 9th largest trade partner
Trade between Cambodia and Canada for the first nine months of 2023 reached approximately $700 million, marking a decrease of over 22% from the corresponding period last year, according to the latest figures from the General Department of Customs and Excise’s (GDCE) International Commodity Trade ...
Hin Pisei
https://www.phnompenhpost.com/business/canada-now-9th-largest-trade-partner
Cambodia posts 57% rise in agricultural exports
Cambodia exported more than 6.13 million tonnes of agricultural products in the first half of 2024, an increase of 57 percent compared to the same period in 2023, earning more than $2.8 billion, according to a report of the General Directorate of Agriculture posted by ...
Mom Kunthear
https://www.khmertimeskh.com/501517943/cambodia-posts-57-rise-in-agricultural-exports/