Cambodia’s local property sector has been described as “flat” while condominiums and boreys are tagged to be the hardest hit during the COVID-19 pandemic because the listings will eventually need to be put up for sale under current market prices in the coming months, according ...

The Ministry of Agriculture has pledged to achieve the goal of reducing poverty among small landholders despite the COVID-19 pandemic. The ministry is aiming to achieve this through the Agriculture Services Programme for Innovation, Resilience and Extension (ASPIRE) project Phase II by 2022. ...

The International Fund for Agricultural Development (IFAD), a global finance organisation and a specialised United Nations (UN) agency, has announced plans to work with the Cambodian government to leverage “a programmatic approach” to ease the economic distress and prevent food securit y stresses caused by ...

As the global price of oil craters amid the Covid-19 pandemic, Singapore-based KrisEnergy Ltd remains on track to extract the first drop of oil in the first half of this year, said a Ministry of Mines and Energy senior official. ...

The independent Phnom Penh-based think tank Asian Vision Institute on Monday called on the five inland ASEAN countries to consider setting up a regional rice-producing association to maintain food security in the region amid Covid-19. ...

The prolongation of the Covid-19 outbreak has led to a delay in a feasibility study of building a waste-to-energy (WtE) plant with at least 50MW of total electricity generating capacity near Phnom Penh, according to Ministry of Mines and Energy spokesman Victor Jona. ...

Two Bangkok-based business councils have demonstrated their commitment to join forces and ensure frictionless cross-border trade between Cambodia and Thailand amid tightened border controls imposed in the harsh times of the Covid-19 pandemic. ...

Cambodia exported $99.07 million worth of merchandise to South Korea in the first quarter of 2021, marking a marginal increase of more than five per cent from $93.85 in January-March of last year despite the ongoing Covid-19 pandemic, according to data from the Korea International ...

Cambodia is preparing the draft of the Phnom Penh Statement on the Post-Covid-19 Socio-Economic Recovery for adoption by the leaders of the Asia and Europe during the 13th ASEM Summit hosted by Cambodia in November, Foreign Affairs Ministry Secretary of State Luy David said. ...

A six-year, pioneering regional technical assistance initiative, being undertaken by the Asian Development Bank (ADB) and worth $4.4 million, is boosting the capacity of health systems in Cambodia, Laos and Vietnam to respond to climate-induced health threats amid the Covid-19 pandemic, the ADB said. ...

In a meeting with Deputy Prime Minister Hor Namhong on Sunday, China’s Minister of Foreign Affairs Wang Yi pledged a $270 million grant and an additional three million Covid-19 vaccine doses, calling Cambodia one of Beijing’s closest allies in southeast Asia.   ...

Bilateral trade between Cambodia and Thailand reached $5.97 billion in the first nine months of 2021, surging by 18 per cent year-on-year from $5.08 billion despite disruptions caused by the community spread of Covid-19 in the two ASEAN nations, according to a report from the ...

Digital literacy will play an important role in supporting the recovery of Cambodian tourism from the Covid-19 crisis and leveraging the potential of new technologies to reorganise and develop the ecosystem around Industry 4.0, and strengthen the sustainability and competitive edge of the sector. ...

The arrival of Hollywood starlet Angelina Jolie in Cambodia during the Covid-19 crisis serves as invaluable promotion of the Kingdom as a safe tourist destination and comes as the greatest boost in its efforts to attract tourists since its November reopening, according to industry insiders. ...

The consumption of electricity in the country has dropped to just over 2,000 megawatts in the wake of the Covid-19 pandemic, causing a huge loss to the government. Cambodia has a capacity to supply about 3,800 megawatts. ...

Cambodia’s microfinance sector recorded over 20 percent growth both in terms of loans and deposits by the end of 2022 compared to the same period in 2021, despite the Covid-19 pandemic and the war in Ukraine, according to the Cambodia Microfinance Association (CMA). ...

The General Department of Taxation (GDT) announced that it collected 13.01693 trillion riel, or $3.21406 billion, of tax revenues in the first 11 months of 2022, equivalent to 113.99 per cent of the full-year target of $2.81955 billion, reflecting improvements in economic activity post-Covid-19. ...

Cambodia’s aim to become an automotive parts manufacturing hub, making a wide range of low-to-medium complexity components for export, is an important part of its plan to diversify the economy and also to offset the impact of the Covid-19 pandemic on the traditional key sectors, ...

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. ...

Prime Minister Hun Sen yesterday urged Asean Member States to step up cooperation in the digitalisation efforts and make the wider adoption of the new technology a priority to recover fast the region’s socio-economic development from the clutches of the Covid-19 pandemic. ...