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
More than two million tourists traversed the country during the New Year weekend
The Ministry of Tourism has reported that that the three days of the Global New Year holiday and weekend from December 31, 2021 to January 2, 2022 brought 2,002,298 domestic tourists out to traverse the country and take in the tourism sites of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000354/more-than-two-million-tourists-traversed-the-country-during-the-new-year-weekend/
Slowing inflation fails to ease cost-of-living burden
Despite forecasts that inflation will fall from 6.2 percent in 2022 to 2.5 percent this year, Cambodians continue to face livelihood difficulties in the first month of 2023 as the cost of goods on the market remains high. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-slowing-inflation-fails-to-ease-cost-of-living-burden
GDT revenues 96% of full-year goal
The General Department of Taxation (GDT) announced that it collected $2.69338 billion in tax revenues in the first nine months, equivalent to 95.53 per cent of the full-year target for 2022. This leaves just three months to reach the prescribed 11.419 trillion riel ($2.820 billion). ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-revenues-96-full-year-goal
Cambodia’s garment, footwear, travel goods export up 20 pct in Q1
Cambodia exported $2,941 million worth of garment, footwear and travel products (GFTs) to international markets in the first quarter of 2024, up 20 percent from 2,449 million dollars over the same period last year, said a report released by the Ministry of Commerce on April ...
Khmer Times Staff
https://www.khmertimeskh.com/501472270/cambodias-garment-footwear-travel-goods-export-up-20-pct-in-q1/
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 ...
Better Recovery for Construction and Real Estate Sector
2012 has been an impressive year for Cambodia’s economic resilience. Among the many sectors that had positively grown are the construction and property development [sic] and they are expected to be among the highest growth achievers in the current year as well. In 2012, the ...
Land prices in Phnom Penh increase by 15 per cent in first quarter
The more Cambodia’s economy grows and the more investors come into Cambodia has had some positive and negative effects, and one of those effects is to push up land prices in Phnom Penh for the first quarter in 2013, an increase of 15 per cent. Sorn ...
http://www.phnompenhpost.com/real-estate/land-prices-phnom-penh-increase-15-cent-first-quarter
Sold
Last year saw a record increase in economic land concessions and the area controlled by agro-industrial companies jumped to more than 2 million hectares nationwide, according to human rights groups who track such projects. Mining companies are also flocking to Cambodia and those already have ...
http://www.camnet.com.kh/cambodia.daily/selected_features/Carving%20Up%20Cambodia.pdf
South Korea leads Asia’s big three as Cambodia’s leading investor
South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...
Vietnam Plans to Add Border Gates Along Border With Cambodia
Vietnam plans to build 13 new border gates along the boundary line with Cambodia to help boost trade that has already been growing between the two Southeast Asian nations. Vietnam and Cambodia will work out plans to add 13 new border gates over the next seven ...
Nguyen Pham Muoi
http://blogs.wsj.com/searealtime/2013/08/29/vietnam-plans-to-add-border-gates-along-border-with-cambodia/
Siem Reap sees property gains fuelled by tourism, economic integration
Siem Reap city land prices have continued to increase year-on-year since 2008, despite the impact of the global economic crisis elsewhere. Sorn Seap, general manager of KEY Real Estate, said that land prices in Siem Reap city in early 2014 saw an increase of 15 per ...
Cambodia’s tourism steady
Cambodia’s tourist arrivals registered a 4.7% growth in March according to the country’s statistics and tourist Information Department. The country attracted 400,076 visits compared to 382,206 during the same month last year. Released by the Ministry of Tourism, late last week, data showed Vietnam led the field ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/05/cambodias-tourism-steady/
NEC releases official council election results
The National Election Committee last night released the official results of the May 18 district, provincial and municipal council elections, with the ruling CPP winning 2,540—or 76.4 percent—of the 3,324 positions that were available across the country. The figures are almost identical to the figures released ...
Eang Mengleng and Alex Willemyns
http://www.cambodiadaily.com/news/nec-releases-official-council-election-results-59805/
Even stronger ties: Cambodia and Vietnam pledge to enhance cooperation for mutual benefit
Vietnam’s President and the Cambodian Government have reaffirmed their commitment to strengthening bilateral relations and cooperation, driven by a shared cultural heritage and principles of good neighbourliness. Both sides aim to expand and deepen their partnership for the betterment of their peoples and nations. ...
Soth Koemsoeun
https://www.khmertimeskh.com/501522664/even-stronger-ties-cambodia-and-vietnam-pledge-to-enhance-cooperation-for-mutual-benefit/
CDC, Chinese embassy agree to beef up infra investment
The Council for the Development of Cambodia (CDC) and the Embassy of the People’s Republic of China in Cambodia (ECC) Wednesday discussed ways to take the existing diplomatic ties between the two countries to the next level by promoting investment activities and supporting the development ...
Nhean Chamrong
https://www.khmertimeskh.com/501529679/cdc-chinese-embassy-agree-to-beef-up-infra-investment/
Cambodia, Korea launch carbon reduction project
A month after the Ministry of Environment (MoE) signed a memorandum of understanding (MoU) with the Ministry of Trade, Industry & Energy of the Republic of Korea (MOTIE) on the implementation of Article 6 of the Paris Agreement, Verywords Friday launched the Korea-Cambodia greenhouse gas ...
Nhean Chamrong
https://www.khmertimeskh.com/501530931/cambodia-korea-launch-carbon-reduction-project/
Capital’s growth pushes housing demand
Phnom Penh’s growing population is driving demand for residential property, with approvals soaring in the first seven months of this year, according to Lao Tip Seiha, director of the construction department at the Ministry of Land Management, Urban Planning and Construction. A total of 227 ...
Kingdom's garment shipments still growing
Cambodian garment and textile exports increased nearly 20 per cent in the first eight months of 2011 compared to the same period last year, according to Ministry of Commerce figures. The Kingdom exported US$2.35 billion in garments during the period, a 19.6 per cent increase over ...
Thai trade fair pushed back to 2012
The postponed 2nd Thailand Trade Exhibition 2011 will not be reorganised this year due to budget restrictions, according to Jiranan Wongmongkol, commercial counsellor based at the Thai embassy in Phnom Penh. The trade fair was originally scheduled for May 19 to 22 at Phnom Penh’s ...