An outlook into 2021 economy
Cambodia’s economy will contract two per cent in 2020 before swiftly recovering to four per cent growth this year, the World Bank projects, citing effective government measures that respond to the specific needs of the most affected sectors – including tourism, garments and textiles, and ...
May Kunmakara
https://www.phnompenhpost.com/business/outlook-2021-economy
A $ 2.3 million cardboard factory project brings January 2021 investments to $24.5 million
The Council for the Development of Cambodia (CDC) has approved a $2.3 million cardboard factory project to be built in Khan Kambol of Phnom Penh. The CDC shared the update in a press release yesterday, adding that the project will create 214 jobs for the ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50806645/a-2-3-million-cardboard-factory-project-brings-january-2021-investments-to-24-5-million/
Spending crunch for Lunar New Year 2021
With Covid-19 cutting into Cambodians’ incomes and transforming consumer behaviour, the Kingdom is expected to see a Lunar New Year spending slump this year. ...
Thou Vireak
https://www.phnompenhpost.com/business/spending-crunch-lunar-new-year-2021
Rental sector businesses share positive outlook for market in 2021
Despite the mass exodus of expats and foreigners causing a blip in Cambodia’s otherwise strong rental sector, realty businesses are forecasting a positive bounce back in 2021. ...
Tom Starkey
https://www.khmertimeskh.com/50814018/rental-sector-businesses-share-positive-outlook-for-market-in-2021/
2021-23 plan for economic recovery on way: minister
Cambodia is getting ready to launch a 2021-2023 plan to lift the economy out of the Covid-19 rut and chart a course for sustainable and inclusive growth, according to Minister of Economy and Finance Aun Pornmoniroth. ...
Hin Pisei
https://www.phnompenhpost.com/business/2021-23-plan-economic-recovery-way-minister
Open Development Cambodia (ODC) published a new dataset on "Affect of flood disaster in Cambodia (1996-2021)"
Open Development Cambodia (ODC) published a new dataset on “Affect of flood disaster in Cambodia (1996-2021)”. This dataset reveals the affects of flood disaster in Cambodia from 1996 to 2021, showing the number of flood victims, including deaths, injuries, missing persons, house destruction, evacuation, budget ...
3rd Workshop: GIS application in land management and education
Open Development Cambodia (ODC) is delighted to announce the 3rd workshop on “GIS Application in Land Management and Education”. This course focuses on two parts. The first part deals with the use of GIS in the land planning and management sector. The second part emphasizes ...
Open Development Cambodia
Go Digital Asean initiative to empower MSME’s
The ASEAN Coordinating Committee on Micro, Small and Medium Enterprises and the Asia Foundation has formally announced the Go Digital ASEAN initiative. Supported by a $3.3 million grant from Google, the initiative is designed to equip 200,000 people – of which 60 percent will be ...
Sok Chan
https://www.khmertimeskh.com/50737853/go-digital-asean-initiative-to-empower-msmes/
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Myanmar, Cambodia seek investors for rice business
Two Southeast Asian countries not particularly known for large agricultural exports, Myanmar and Cambodia, have both declared that they want to participate in the global rice business by intensifying rice farming and milling across their respective countries with the help of foreign investors, including from ...
Arno Maierbrugger
http://www.gulf-times.com/eco.-bus.%20news/256/details/426906/myanmar,-cambodia-seek-investors-for-rice-business
Hyatt hotel in capital set for January 2021 launch
The $180 million The Hyatt Regency Phnom Penh hotel is set to launch in January, marking the brand’s first venture into the Kingdom’s capital. Local conglomerate Chip Mong Group signed a management agreement with Chicago, US-based Hyatt Hotels Corp in September 2016 for the hotel, ...
Thou Vireak
https://www.phnompenhpost.com/business/hyatt-hotel-capital-set-january-2021-launch
Exporters poised to ship fresh mangoes to China in early 2021
Cambodian Keo Romiet mangoes remain on target to be directly exported to the Chinese market from early next year after the economic powerhouse penned an agreement in June that set up a 500,000 tonne quota for the Kingdom’s widely-available fruit. ...
Thou Vireak
https://www.phnompenhpost.com/business/exporters-poised-ship-fresh-mangoes-china-early-2021
IMF’s Georgieva: Cambodian economy to grow 4.2% in 2021
International Monetary Fund (IMF) managing director Kristalina Georgieva on April 7 said the Cambodian economy is expected to grow 4.2 percent this year, following a 3.5 percent contraction in 2020, but cautioned that local governments around the world should proceed with prudential policies and proactive ...
May Kunmakara
https://www.phnompenhpost.com/business/imfs-georgieva-cambodian-economy-grow-42-2021
Food Safety Law to be enacted in 2021: Commerce official
The Food Safety Law is making headway and expected to be enacted later this year, with industry insiders confident the legislation will lure more international investors, spark growth in the reeling tourism sector and chip in to national economic growth. ...
Hin Pisei
https://www.phnompenhpost.com/business/food-safety-law-be-enacted-2021-commerce-official
ACLEDA expanding its digitalisation strategy in 2021
ACLEDA Bank Plc, one of the largest commercial banks in Cambodia, announced that it is boosting and expanding its self-automation post banking services as part of its focus on digitalisation in the Kingdom. ...
Sok Chan
https://www.khmertimeskh.com/50809406/acleda-expanding-its-digitalisation-strategy-in-2021/
Cambodia-Japan trade surges in first half of 2021 to $1.1 billion
Bilateral trade between Cambodia and Japan increased in the first half of this year, recovering from last year, which was hit hard by the pandemic. ...
Chea Vanyuth
https://www.khmertimeskh.com/50917490/cambodia-japan-trade-surges-in-first-half-of-2021-to-1-1-billion/
Outcomes of the Council of Ministers’ plenary session on October 04, 2021
On 08 October 2021, the Council of Ministers issued a press release on the outcomes of the Council of Ministers’ plenary session on October 04, 2021 to review and discuss on:Draft constitution on the amendment to the new Articles 19, 82, 106 (1), 119, and ...
Council of Ministers
Over 114,100 candidates to take 2021’s upper secondary school exam
Some 114,180 students across Cambodia have registered for the upcoming upper secondary school exams to happen on December 27 to December 28. ...
Khmer Times Staff
https://www.khmertimeskh.com/50992625/over-114100-candidates-to-take-2021s-upper-secondary-school-exam/
Cambodia rakes in more than $1.7 billion from aquaculture and freshwater fisheries sector in 2021
Cambodia saw more than $1.7 billion in profits in the past year from the aquaculture and freshwater fishery industry, with more than 380,000 tons of yield from the freshwater fisheries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501012780/cambodia-rakes-in-more-than-1-7-billion-from-aquaculture-and-freshwater-fisheries-sector-in-2021/
China trade increases by 37% to pass $11B in 2021
The trade volume between Cambodia and China reached more than $11.1 billion last year, representing a 37.28 per cent year-on-year surge, the Chinese embassy in Phnom Penh reported, quoting figures from the Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/china-trade-increases-37-pass-11b-2021