The official launch of “Cambodia Garment, Footwear and Travel Goods (GFT) Sector Development Strategy 2022-2027″
On 21 March 2022, the Ministry of Economy and Finance issued a press release on the official launch of “Cambodia Garment, Footwear and Travel Goods (GFT) Sector Development Strategy 2022-2027″. Due to peace and political stability, competitive wages and production cost, preferential trade access, and ...
Ministry of Economy and Finance
Construction raking in cash
Foreign and domestic investment in construction projects skyrocketed in the first four months of the year, government data suggests. Ministry of Land Management and Urban Planning data revealed last week shows total investment in new construction projects reached more than $1.4 billion at the end of ...
May Kunmakara and Sum Manet
http://www.phnompenhpost.com/business/construction-raking-cash
Press release on taking legal actions against calls to spoil the ballot in the election
On 11 July 2023, the National Election Committee (NEC) issued a press release on taking legal actions against calls to spoil the ballot in the election.The NEC noted that some individuals continue to campaign on social media, instructing people to spoil their ballots when they ...
National Election Committee (NEC)
Bilateral trade with Thailand declines
Bilateral trade between Thailand and Cambodia decreased by 13 per cent in the first three months of this year compared to the same period in 2015, according to statistics provided by the Royal Thai Embassy. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bilateral-trade-thailand-declines
WB sticks to Cambodia’s 5.2% growth forecast for 2023
World Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. ...
Manoj Mathew
https://www.khmertimeskh.com/501266499/wb-sticks-to-cambodias-5-2-growth-forecast-for-2023/
PM forecasts economic contraction of 1.9 percent this year
Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic. In a circular on budget planning for 2021-2023, he said Cambodia has recorded a strong fall in demand from its trading partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/50733913/pm-forecasts-economic-contraction-of-1-9-percent-this-year/
Overseas voting amendments sent to Assembly Committee
The National Assembly’s permanent committee on Monday approved further study of amendments to Cambodia’s election law that would allow more than 1 million migrant workers to vote from outside the country’s borders. ...
Ben Sokhean
http://www.cambodiadailykhmer.com/38590
Press conference invitation - CSOs and communities concern on illegal logging and natural resource destruction in Cambodia
CSOs/NGOs and community representatives from Mondulkiri, Ratanakiri, Preah Vihear, Kampong Thom, Kampong Speu, Stung Treng and Kratie Provinces will assemble for a press conference organized by The NGO Forum on Cambodia to express their concerns about an increase in illegal logging and natural resource destruction ...
NGO Forum on Cambodia
SECC prepared to list shares of holding firms
The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...
May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms
Civil society groups slam gov’t web-monitor group
Some 116 organisations and associations have urged Cambodian officials to dismantle the new inter-ministry working group that was recently set up to monitor social networking sites, claiming it is an “abuse on the rights and freedom of expression via the internet”. ...
Niem Chheng
https://www.phnompenhpost.com/national/civil-society-groups-slam-govt-web-monitor-group
New tech centre given boost to help digital startups
The Cambodian government issued a sub-decree establishing the new Techo Startup Centre (TSC) as a public administrative institution aimed at providing opportunities for young people, students and researchers to create new businesses in accordance with the trends and momentum of advancing digital technology. ...
Sok Chan
https://www.khmertimeskh.com/50742408/new-tech-centre-given-boost-to-help-digital-startups/
University students encouraged to focus on digital technology
Ministry of Commerce (MoC) has encouraged university students in Cambodia to focus on digital technology and innovation developments amid the remarkably growing Industry Revolution 4.0 and e-commerce business after the e-commerce law was passed. ...
Kang Sothear
https://www.khmertimeskh.com/501139165/university-students-encouraged-to-focus-on-digital-technology/
Phnom Penh to host inaugural tech expo
Phnom Penh will host the nation’s first tech expo, Cambodia Tech Expo CTX, in November, with a string of events, conferences and panel discussions aimed at strengthening the tech startup community and attracting investment opportunities. ...
Bun Tharum
https://kiripost.com/stories/phnom-penh-cambodia-tech-expo-ctx
Cambodia’s manufacturing output reaches $15 billion in 2022
Cambodia’s manufacturing output hit $15.8 billion in 2022, a remarkable increase of 83 percent year on year, the Ministry of Industry, Science, Technology and Innovation (MISTI)’s report showed on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501247369/cambodias-manufacturing-output-reaches-15-billion-in-2022/
Press release on Cambodia-ROK FTA to further enhance healthy bilateral economic cooperation
On 07 December 2022, the Ministry of Foreign Affairs and International Cooperation issued a press release on Cambodia-ROK FTA to further enhance healthy bilateral economic cooperation.His Excellency Deputy Prime Minister PRAK Sokhonn, Minister of Foreign Affairs and International Cooperation, hailed the achievements registered during Ambassador ...
Ministry of Foreign Affairs and International Cooperation
U.S. Democracy promotion group holds political debate in Battambang
Local residents in Battambang town took part in a political debate organized by U.S. Democracy promotion group, the National Democratic Institute for International Affairs (NDI) on Monday ahead of local elections early next month. Attendees asked prospective candidates questions related to citizen’s concerns over unemployment, migration, ...
Sok Khemara
http://www.voacambodia.com/a/us-democracy-promotion-group-holds-political-debate-in-battambang/3867567.html
Opportunities, challenges for ASEAN
Cambodia will face both challenges and opportunities when the ASEAN Economic Community (AEC) combines its 10 countries into a single market for economic development, a move intended for 2015, officials said during a round-table discussion yesterday. Sok Siphanna, an adviser to the Ministry of Foreign Affairs and ...
SMEs not yet ready for CSX
Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...
http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html
Thai, Cambodian SEC sign pact on capital markets
Cambodia and Thailand’s Securities Exchange and Commission (SEC) yesterday signed a memorandum of understanding (MoU) on mutual cooperation for capital market development through cross-listing, dual listing and depositary receipt offerings. ...
Bangkok Post Staff
https://www.bangkokpost.com/business/1752539/thai-cambodian-sec-sign-pact-on-capital-markets
ODC participated in Barcamp ASEAN 2017
Barcamp ASEAN 2017 took place on October 21-22, at Institute of Technology of Cambodia (ITC), Phnom Penh, Cambodia. The principle of the camp is to bring and gathers together the participants in Cambodia and the regional for the open exchange of knowledge, skills, and experiences on how ...