Non-gold goods trade exceeds $29B
Cambodia’s global non-gold goods trade topped $29 billion in the first three quarters of 2021, increasing by around a quarter year-on-year, the Ministry of Economy and Finance reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/non-gold-goods-trade-exceeds-29b
Despite moderate progress, most SDG targets addressed
Cambodia started the Sustainable Development Goals (SDGs), otherwise known as the Global Goals, with the aim of driving more action into critically important areas in the country. The country has set targets for 109 SDGs out of a total of 169 goals identified under the ...
Kazi Mahmood
https://www.khmertimeskh.com/50523715/despite-moderate-progress-most-sdg-targets-addressed/
Gov’t mulls suspending duty on rubber exports
The government will consider suspending its $50 per ton export duty on rubber following lobbying by local producers who say they are operating at a loss due to the sharp fall in global prices for the commodity, Agriculture Ministry secretary of state Eang Sophalleth said ...
Sum Manet
http://www.khmertimeskh.com/news/21714/gov---t-mulls-suspending-duty-on-rubber-exports/
Laws forcing civil society donors to adapt
Legal restrictions on funding for civil-society – like Cambodia’s much-maligned NGO Law – are on the rise globally, a report by the Carnegie International Endowment for Peace has warned, putting international donors in the position of having to adapt to a backlash against democracy promotion. ...
Zoe Holman
http://www.phnompenhpost.com/national/laws-forcing-civil-society-donors-adapt
Fuel prices increase at pumps
Road users can expect to pay up to 500 riel ($0.12) more per liter of fuel due to the increase in global crude oil prices after the government last March pegged local prices to that of the international market, a Commerce Ministry official said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/34188/fuel-prices-increase-at-pumps/
Tackle issues early to ensure growth: IMF official
Cambodia stands to benefit from an uptick in global and regional economic growth but will need to diversify its economy, improve infrastructure and reduce obstacles to doing business if it is to continue on its impressive growth track, a visiting International Monetary Fund (IMF) official ...
Cam McGrath
http://www.phnompenhpost.com/business/tackle-issues-early-ensure-growth-imf-official
Grant excludes HIV support group
A national network of people living with HIV, which has been key in helping coordinate anti-HIV services at the grassroots level, is now being excluded from a new Global Fund grant, raising “deep” concerns, according to NGOs and a leaked internal email sent to government ...
Yesenia Amaro
http://www.phnompenhpost.com/national/grant-excludes-hiv-support-group
World bank expecting economic slowdown to persist
The World Bank is forecasting a continued slowdown of Cambodia’s economy over the next three years because of rising local production costs, sluggish global rice prices and other headwinds. The prediction is a gloomy counterpoint to the coming rebound the Asian Development Bank (ADB) forecast ...
Zsombor Peter
https://www.cambodiadaily.com/business/world-bank-expecting-economic-slowdown-to-persist-81956/
After talks, workers return to jobs at M&V garment factory
A weekslong strike by more than 2,000 workers from a Phnom Penh factory that supplies global fashion brand H&M ended Wednesday after unions scaled down their original demands and backed down over a condition that workers receive their full salaries for the strike period, representatives ...
Ben Sokhean
https://www.cambodiadaily.com/news/after-talks-workers-return-to-jobs-at-mv-garment-factory-85362/
Cambodia’s 2022 GDP expected to grow 5.6%, says Finance Ministry
Cambodia’s economy in 2022 is projected to grow at around 5.6 percent and gradually reach potential growth in the medium term, supported by global demand and a gradual recovery in investment confidence. ...
Chea Vanyuth
https://www.khmertimeskh.com/501014569/cambodias-2022-gdp-expected-to-grow-5-6-says-finance-ministry/
UNDP report finds 35% of Cambodians still mired in poverty
Thirty-five per cent of Cambodians are still living in poverty, with the rural population making up the majority, according to estimates from the 2018 global Multidimensional Poverty Index (MPI) released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative ...
Voun Dara
https://www.phnompenhpost.com/national/undp-report-finds-35-cambodians-still-mired-poverty
Cambodia positions itself along new silk road
The ancient Silk Road sprawled across tens of thousands of kilometers, reaching east to west from Japan to Venice and passing through five seas. Together, the road and maritime trade routes linked more than 40 countries throughout Asia, Europe and Africa, fostering early globalization. ...
Janelle Retka
https://www.cambodiadaily.com/news/cambodia-positions-itself-along-new-silk-road-114629/
Cambodian PM heads for UN summit in New York
From September 25 to 27, Cambodian Prime Minister Hun Sen will attend the UN Summit for the adoption of the Post 2015 Development Agenda and the Global Leaders’s Meeting on Gender Equality and Women’s Empowerment, where he will deliver his remarks at the two submits. ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=303105
Prime Minister Hun Sen told the world to promote women in political affairs
Prime Minister Hun Sen at the “Global Leader’ Meeting on Gender Equality and Women’s Empowerment held at New York, said that Cambodia has actively joined UN member states to implement policies, strategies and action plans aimed to promote gender equality and women’s empowerment. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/prime-minister-hun-sen-told-the-world-to-promote-women-in-political-affairs-8993
Cargo giants call on Sihanoukville port
As Cambodia’s sole deep-sea port in Sihanoukville looks to increase its presence on global shipping routes, the decision by two major Chinese shipping companies six months ago to call at the port has seen mixed results, with one firm already dropping out due to low ...
Sor Chandara
http://www.phnompenhpost.com/business/cargo-giants-call-sihanoukville-port
Hun Sen issues a clarion call
As Cambodia prepares to host the World Economic Forum on Asean in May, Prime Minister Hun Sen yesterday made a global call for more investment flows into the region that he said was safe and secure for investors, and fast becoming a manufacturing powerhouse in ...
May Kunmakara
http://www.khmertimeskh.com/news/35505/hun-sen-issues-a-clarion-call/
Moody’s maintains sovereign debt rating
Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position. ...
Hor Kimsay
http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating
Report shows need for Cambodia to diversify exports
Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...
Kali Kotoski
http://www.phnompenhpost.com/business/report-shows-need-cambodia-diversify-exports
Cambodia backs anti-terror efforts
Prime Minister Narendra Modi and his Cambodian counterpart, Samdech Hun Sen, on Saturday held talks to boost ties in key areas of defence, security and counter-terrorism. The two leaders called for concerted global efforts to eliminate terrorism, including blocking sources of terror financing and dismantling ...
Press Trust of India
http://www.thehindu.com/todays-paper/tp-national/cambodia-backs-anti-terror-efforts/article22539278.ece
For the 'unbanked', mobile money still has some way to go
Globally, an estimated 2.5 billion people don’t have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the ‘unbanked’ to store cash, manage their accounts, make purchases and send and receive money – part of ...
WHBL News Staff
http://whbl.com/news/articles/2015/mar/05/for-the-unbanked-mobile-money-still-has-some-way-to-go/