Jeremy Browne, UK foreign office minister, told officials in Cambodia during a two-day visit that despite the current problems the European Union is having with its currency union and economies, ASEAN should not be discouraged from pursuing closer economic and even political coordination within the 1.0-member bloc. Speaking at the Council of Ministers in Phnom ...

Japan agreed Tuesday to provide a loan package of 90 million U.S. dollars to Cambodia for the improvement of a stretch of the national road No. 5 and two bypasses in northwestern provinces, according to a statement from Japanese Embassy to Cambodia. The statement said ...

The World Bank upwardly revised Monday its GDP growth forecast for Cambodia this year to 7.2 percent, up from its October projection of 7.0 percent. In explaining the higher forecast, the bank’s East Asia and Pacific Economic Update pointed to “the expectation of renewed confidence and ...

Two of Cambodia’s largest financial service providers have reported declines in transactions stemming from key Thai border provinces as thousands of undocumented migrant workers continue to exit the neighbouring country. Third-party payments and remittance service Wing has seen a 3 per cent decline in the amount ...

Renaissance Minerals (ASX: RNS) will increase its cash position to further develop its Cambodian Gold Projects, after receiving firm commitments for the placement of 44 million shares at $0.05 to raise $2.2 million. Renaissance will now be funded to advance its wholly-owned Cambodian Gold Project, where ...

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. ...

Starting yesterday, the price of regular gasoline in the Kingdom is 3,950 riel ($0.97) per litre, amounting to a reduction of 200 riel per litre following a series of tax cuts announced last month by Prime Minister Hun Sen as well as price reductions implemented ...

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. ...

The retail prices of regular-grade petrol and diesel respectively increased by about 0.9 per cent and 2.8 per cent on June 1, according to a notice issued by the Ministry of Commerce. ...

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

The consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same ...

The Association of Banks in Cambodia (ABC) and Expert Leadership Innovation Exchange Organization (ELIX) are joining hands to promote digital literacy and capacity building, in support of the government’s policies on the Fourth Industrial Resolution (Industry 4.0) as well as the “Cambodia Digital Economy and ...

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ...

Staff at eight factories producing footwear for Japanese sportswear brand ASICS were trained Tuesday in how to make sure they are not employing child laborers, a company representative said. ASICS corporate staff have been in Cambodia this week in a bid to overcome the negative publicity ...

Despite being one of the earliest proponents of the U.N.-sponsored Convention on Cluster Munitions, Cambodia was still not ready to sign on, an official said on the eve of the fourth annual meeting of state parties to the treaty in Zambia. Heng Ratana, director-general of the ...

Phnom Penh will face flooding in certain areas in the coming days as the level of the Mekong River surpasses emergency level, while heavy rainfall from tropical storm Wutip, which made landfall in Laos from the South China Sea on Friday, prompted the government to ...

Prime Minister Hun Sen passed a sub-decree late last year to expand the scope of his government’s Cambodian Human Rights Committee (CHRC) by creating new departments and placing rights monitors in villages, according to a copy of the Royal Gazette dated December 31 and distributed ...

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 ...

More than 200 factory workers gathered at Freedom Park near Wat Phnom yesterday to urge the government to cut taxes on petrol, saying fuel prices were driving food prices beyond what they could afford. But the government is doing all it can to curb inflation ...

Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce. While exports to the European Union rose 46.76 percent to $376.14 million in ...