The global Covid-19 pandemic caused the value of imported cars to Cambodia in 2020 to drop to nearly $1.1 billion, a decrease of more than 36 per cent compared to 2019, according to a report issued by the Ministry of Commerce. ...

Cambodia booked just $1.023 billion in international tourism revenue last year, representing a 79.4 percent nosedive from $4.919 billion in 2019 due to the sweeping effects of the global Covid-19 pandemic, the Ministry of Tourism reported on April 19. ...

A new video released by the Ministry of Tourism seems to indicate that Cambodia is preparing to welcome back tourists in the 4th quarter of 2021, in a move designed to “revive Cambodia’s tourism industry hit hard by the global COVID-18 crisis” ...

Cambodia’s “well-strategised and rapidly-executed” Covid-19 vaccination programme are set to underpin economic growth that may top six per cent next year, eclipsing the preponderance of regional and global peers, according to a new report from consulting firm Mekong Strategic Partners Co Ltd (MSP). ...

The Cambodian government identified the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain, as well as promoting economic diversification and economic recovery after the Covid-19. ...

A senior Ministry of Environment official spoke about its five-point recommendation for the successful implementation of the Long-term Strategy for Carbon Neutrality (LTS4CN) as a long-term vision, in response to global climate change and as a move towards zero emissions in Cambodia by 2050. ...

The Bangkok-based Cambodia Business Council (CBC) and local Innovation and Development Investors Association (IDI) have joined forces to engage with and attract more investors as well as to improve Cambodian exports regionally and globally. ...

High global oil prices, which have seen petrol pump prices in Cambodia rise about 10 per cent since August 1, could “severely” affect the transport sector and push up the cost of production, industry players said. ...

Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...

International Monetary Fund (IMF) managing director Kristalina Georgieva urged ASEAN leaders to invest in international cooperation as well as growth-enhancing reforms to fully recover and continue on the pre-pandemic path to prosperity amid a global economic slowdown. ...

Six Cambodian conservationists have been recognized as “Mekong Conservation Heroes” by the Wonders of the Mekong project for their environmental activities. Their actions include work on endangered species such as the Irrawaddy dolphin, Mekong giant catfish, and giant softshell turtle, as well as outreach and ...

The Ministry of Education, Youth and Sport has established eight priority areas for reforms with a strong emphasis on human resources, global citizenship and Cambodia’s development, according to its spokesman Ros Soveacha. ...

The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA. ...

Due to the slower global economic recovery and conflicts between Russia and Ukraine, the government has issued guidelines aimed at maintaining the stability of the construction and real estate sector, considered a priority sector to support overall economic growth in Cambodia. ...

Minister of Environment Say Samal urged countries in the region and across the Asia-Pacific (APAC) to work together globally to address waste, especially plastic, effectively and to initiate the transfer of advanced technology to less developed nations to jointly address the issues. ...

The Ministry of Environment has urged the correct usage of ozone-depleting chemicals as Cambodia prepares a management plan for protecting the ozone. The initiative is part of global efforts to safeguard the ozone layer, a protective shield that protects the Earth against harmful ultraviolet (UV) ...

The Phnom Penh Autonomous Port (PPAP), the Kingdom’s largest stock-listed river port, reported favourable business performance in the year’s first month, in line with the government’s projection of 6.6% economic growth, driven by global and regional economic improvements. ...

The US emerged as the leading buyer of Cambodian exports in the first month of 2024, with purchases nearing $630 million, approximately a third of the country’s total exports to the global market, as reported by the General Department of Customs and Excise (GDCE). ...

CAMBODIA’S prices were 7 percent higher at the end of June compared to the month in 2010, according to National Institute of Statistics official Sim Ly yesterday. Although the organisation was still preparing to release the official figures, Sim Ly said the figures would also ...

The Asian Development Bank (ADB) yesterday countered Prime Minister Hun Sen’s prediction that gross domestic product growth will reach 8.7% this year, citing a smaller projection in its annual Asian Development Outlook update. The premier quoted the growth figure in a speech given on Monday, but ...