Cambodia’s GDP growth likely 5.3% this year, say ADB, AMRO
Two international organisations have forecast Cambodia’s economic growth to be around 5.3 per cent this year as the economy continues to be impacted by lower than expected expansion in the industrial and agriculture sector in the first half (H1), stemming from the regional and global ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodias-gdp-growth-likely-53-year-say-adb-amro
RCEP key mechanism to safeguard free trade: Cambodian PM
The Regional Comprehensive Economic Partnership (RCEP) is an important mechanism to safeguard the rules-based multilateral free trade system against the trends of anti-globalization and protectionism, Cambodian Prime Minister Hun Sen said on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501179199/rcep-key-mechanism-to-safeguard-free-trade-cambodian-pm/
UK eyes local energy, infrastructure
The UK has expressed interest in promoting investment in Cambodia’s infrastructure and energy sector, in a move that has been hailed as a potential avenue to appreciably lower production costs domestically and bolster the Kingdom’s general competitiveness on the regional and global stages. ...
May Kunmakara
https://www.phnompenhpost.com/business/uk-eyes-local-energy-infrastructure
CDC pitches ‘Plus One’ to Japan investors
A senior investment official has reiterated a request for Japanese investors to ramp up their commitments to the Cambodian market, recommending a Thailand or Vietnam “Plus One” business approach, amid a government-spearheaded push towards deeper integration into regional and global supply chains. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-pitches-plus-one-japan-investors
Fully tapping potential of RCEP by Cambodia
The Regional Comprehensive Economic Partnership is a catalyst of regional economic growth, integration and connectivity in the Asia Pacific, accounting for about 30 percent of global GDP and one-third of the world’s population. ...
Khmer Times Staff
https://www.khmertimeskh.com/501267503/fully-tapping-potential-of-rcep-by-cambodia/
Sar Kheng reflects on government’s 2018-23 ‘great achievements’
The government has made “great achievements” over the 2018-2023 sixth legislative mandate, despite the backdrop of unprecedented regional and global challenges, according to Minister of Interior Sar Kheng on May 6. ...
Kim Yutharo
https://www.phnompenhpost.com/national/sar-kheng-reflects-governments-2018-23-great-achievements
UNICEF donates $7 million of oxygenation equipment
UNICEF Cambodia, as the global partner and lead procurer of the Access to Covid-19 Tools Accelerator (ACT-A), has donated $7 million worth of medical equipment for oxygen therapy to the Ministry of Health. ...
Neang Sokunthea
https://www.phnompenhpost.com/national/unicef-donates-7-million-oxygenation-equipment
CSX-listed state firms post dull results for start of 2023
Two local public-listed state-owned enterprises (SOE) have posted financial results for either the first three or four months of the year, which fell somewhat short of expectations, as local, regional and global economies continue to feel the shockwaves of the Russo-Ukrainian conflict. ...
May Kunmakara
https://www.phnompenhpost.com/business/csx-listed-state-firms-post-dull-results-start-2023
Cambodia to host int’l mine victim conference
Prime Minister Hun Sen announced that the Kingdom will host the “Global Conference on Assisting, Landmine and other Explosive Remnants of War (ERW) Victims and Survivors in the context of Disability Rights” this coming October. ...
Neang Sokunthea
https://www.phnompenhpost.com/national/cambodia-host-intl-mine-victim-conference
Strategic plan launched to address cooling
Cambodia has launched its first strategic plan on cooling, seen as one of the largest contributors to global warming, to steer the nation towards a greener and cleaner future. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-strategic-plan-launched-to-address-cooling
Tax revenue ‘exceeds’ expectations
The government has amassed over $3 billion in revenue from the General Department of Taxation (GDT) as of October 30, which represents 85.7% of the 2023 Law on Financial Management despite the deteriorating global economic landscape affecting the region. ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-exceeds-expectations
NBC policies help steady Cambodian economy
The role played by the National Bank of Cambodia (NBC) to maintain and control financial condition through various regulatory measures has helped the country to keep inflation under check and economic growth steady despite the global headwinds. ...
Manoj Mathew
https://www.khmertimeskh.com/501377596/nbc-policies-help-steady-cambodian-economy/
Resilience and innovation in banking sector highlighted at conference
The 2024 Cambodia Banking Conference, held in Phnom Penh from August 22-23, brought together industry leaders, policymakers and international partners to discuss the future of the country’s banking sector in the face of global economic challenges. ...
Hong Raksmey
https://www.phnompenhpost.com/business/resilience-and-innovation-in-banking-sector-highlighted-at-conference
Robust growth predicted for ASEAN+3
Amid strong domestic demand, moderate inflation and continuing improvements in trade, the ASEAN+3 region – encompassing the 10 bloc members and China, Japan and South Korea – is expected to maintain robust economic growth this year despite uncertainties in the global outlook. ...
May Kunmakara
https://www.phnompenhpost.com/business/robust-growth-predicted-for-asean-3
Agriculture now 22 per cent of GDP
Despite being challenged by natural disasters, climate change and global crises, agriculture sector contributed about 22 per cent of Cambodia’s gross domestic product (GDP) in 2023, according to Minister of Agriculture, Forestry and Fisheries Dith Tina. ...
Van Socheata
https://www.phnompenhpost.com/national/agriculture-now-22-per-cent-of-gdp
Australia keen on fortifying economic ties with Cambodia
Australia reaffirms its commitment to further strengthen cooperation with the Kingdom in several areas especially in the fields of economy, investment, trade, agriculture and climate change, supporting the socio-economic development response to the regional and global crisis. ...
Nhean Chamrong
https://www.khmertimeskh.com/501427170/australia-keen-on-fortifying-economic-ties-with-cambodia/
Cambodia sees just 1% rise in MFI loans this year
Loan volume in Cambodia’s microfinance sector increased by only one percent in the first three quarters of 2024 compared to 2023, a sign that the current unfavourable global economic conditions are affecting the Cambodian economy as well. ...
Sum Manet
https://www.khmertimeskh.com/501585584/cambodia-sees-just-1-rise-in-mfi-loans-this-year/
UNICEF warns of $390 billion impact of COVID-19 on mental health of children/young people in Cambodia and globally
New analysis indicates lost contribution to economies due to mental disorders among young people is nearly $390 billion a year worldwide, stressed a UNICEF’s news release. ...
Khmer Times Staff
https://www.khmertimeskh.com/50947790/unicef-warns-of-390-billion-impact-of-covid-19-on-mental-health-of-children-young-people-in-cambodia-and-globally/
Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy
Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...
