The government has revised down its 2023 growth forecast for the Cambodian economy to 5.6 per cent versus the 6.6 per cent it put forth in October, citing uncertainty about global economic growth tied to the Ukraine conflict, climate change and the Covid-19 crisis. ...

Three local products are in the final stages of domestic geographical indication (GI) registration, with another not far behind, the Ministry of Commerce reported, raising hopes that the protected status would allow producers to expand their footprint globally, and promote a surge in the value ...

The banking system has demonstrated its robustness through high levels of liquidity and capital, and will remain sound and resilient while playing a crucial role in supporting economic activities, despite recent global turbulence, according to the National Bank of Cambodia (NBC). ...

“China was the powerhouse of economic growth globally for the last 30 years. Now, this modernization program can help to deliver more economic growth for the world,” said Digby James Wren, a senior special adviser to, and director of the Mekong Research Center, the International ...

UNICEF and the NGO Save the Children jointly hosted a forum in Phnom Penh marking the 10th anniversary of the global launch of the “Children’s Rights and Business Principles”. These principles offer guidelines for businesses as they embed children’s rights into their business strategies and ...

Local public-listed river-port operator Phnom Penh Autonomous Port (PPAP) reported a sharp decline in business performance in the first five months of the year due to regional and global economic uncertainty brought on by the protracted Ukraine conflict and its effects on demand and inflation. ...

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ...

EuroCham Cambodia is urging the garment sector to prioritize corporate social responsibility (CSR) in the global market, claiming that while the majority of factories acknowledge its importance, they face challenges, such as a shortage of skilled workers and managers and the need for substantial investments. ...

Amid the fall in global demand, Cambodia earned $121 million from the exports of rubber articles in the first month of this year, an increase of 123.5 percent compared to the same period last year, according to the latest trade data of the General Department ...

Cambodia’s steadily declining rubber prices have hit critically low levels that are destined to only get worse as Thailand prepares to offload huge rubber stocks, the secretary-general of the Association for Rubber Development of Cambodia said Thursday. As the price of natural rubber has paralleled a ...

Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...

With a court date hanging over his head for his involvement in the Tai Yang factories strike in Kandal province, Cambodian Confederation of Unions president Rong Chhun yesterday intervened in another garment dispute, this time in Kampong Speu province. About 1,000 workers entered day five of ...

Cambodia is among the tropical countries whose forests are being cleared using increasingly advanced methods to feed a growing global trade in illegal timber worth at least $30 billion a year, according to a new report. The report, Green carbon, black trade, a joint effort by ...

Land governance policies in Asia, especially concessions made to private companies, are leaving the region’s poorest vulnerable to human rights abuses, experts say. “Land-grabbing by the rich and powerful continues,” Suson Bunsak, executive secretary of the Cambodian Human Rights Action Committee, said at the recent Asia ...

Police and Phnom Penh municipality officials yesterday halted construction on a seven-story high-end apartment complex on Street 240 in Daun Penh district. Phnom Penh Municipal Governor Kep Chuktema was accompanied by police officials who entered the 240 apartment complex, which has been under construction for several ...

Forty-four Number One and OK condom packers, out of work since their contracts ended on Sunday, protested outside the office of health NGO Population Services Khmer (PSK) in Phnom Penh yesterday, demanding “unpaid” seniority bonuses. Representative So Nita said the workers, four of whom have physical ...

Cambodia’s rice harvest is forecast to reach 9.1 million tonnes this year, down from an estimated 9.3 million tonnes last year but up from 8.8 million tonnes in 2011, the Food and Agricultural Organization said Thursday. The estimates were contained in the UN agency’s quarterly Crop ...

Small plastic packets filled with a mix of pills of various sizes, shapes and colours sit piled on the counter of a pharmacy in Phnom Penh’s Meanchey district, home to several large garment factories. At 2,000 riel a pop, about 50 cents, these packs are sold ...

The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...

The Cambodian government is again urging petrol retailers to pass on savings to the consumer amid the continued plunge in global oil prices, which hit a new five-year low yesterday. The premier’s criticism of foreign fuel retailers comes after the minister of commerce, Sun Chanthol, ...