Cambodia-Thailand trade reaches over $3.4 billion
The two-way trade between Cambodia and Thailand rose by 5.6 percent in the first five months of this year to $3,472 billion, according to the statistics from Thailand’s Ministry of Commerce. From January to May 2020, Cambodia exported $711 million worth of goods to Thailand, ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50748231/cambodia-thailand-trade-reaches-over-3-4-billion/
Monks banned from joining march to support Rong Chhun
Eight monks from Battambang province were prevented from joining activists and supporters in a protest in Phnom Penh on August 5 to demand the release of prominent union leader Rong Chhun, who was jailed last week over comments he made allegedly distorting information on Cambodia-Vietnam ...
Khuon Narim
https://cambojanews.com/monks-banned-from-joining-march-to-support-rong-chhun/
Another new investment project approved by CDC
According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/
Cash handout for poor enters seventh round
The government on October 24 completed the third phase of the sixth round of funding to assist 670,000 poor and vulnerable people. The cash assistance is to help needy people hit hard by the Covid-19 pandemic, with the government handing out more than 120 billion ...
Nov Sivutha
https://www.phnompenhpost.com/national/cash-handout-poor-enters-seventh-round
New Siem Reap int’l airport nearly ready for take-off
The State Secretariat of Civil Aviation (SSCA) on July 26 reconfirmed that the new “Siem Reap Angkor International Airport” will officially begin operations on October 16, and revealed that “non-commercial and non-profitable” test flights are set to be conducted from October 5-15, “as per necessary”. ...
May Kunmakara
https://www.phnompenhpost.com/business/new-siem-reap-intl-airport-nearly-ready-take
Khmer Enterprise to double startup and SME investment to $10m
At yesterday’s luncheon discussing Cambodia’s startup and SME ecosystem, Vongsey Vissoth, permanent secretary of state of Ministry of Economy and Finance (MEF), said Khmer Enterprise (KE) will increase its investment portion from $5 million to $10 million as part of the nation’s Covid-19 recovery plans ...
Bun Tharum
https://kiripost.com/stories/cambodia-khmer-enterprise-to-double-startup-sme-investment
Spending on capital’s new airport nears $700M: SSCA
Nearly $700 million has been spent on the new $1.5 billion Techo International Airport (TIA), the mAin construction work on which has reached 46 per cent as of March 31, motivated by positive tourism growth, according to a senior civil aviation official. ...
Rann Reuy
https://www.phnompenhpost.com/business/spending-capitals-new-airport-nears-700m-ssca
Over 20,000 businesses featured on Single Portal
A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/over-20000-businesses-featured-single-portal
Cambodian agri exports rise 7.8% to 8.6M tonnes
Cambodia formally exported 8.6 million tonnes of agricultural products to 74 markets last year worth nearly $5 billion, up 7.8 per cent from the 7.9 million tonnes booked in 2021, as agriculture contributed 22.2 per cent of the Kingdom’s 2022 gross domestic product (GDP), according ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-agri-exports-rise-78-86m-tonnes
ADB offers Covid recovery package
Cambodia could potentially benefit from a $20.5 billion financial package for the Asia-Pacific committed by the Asian Development Bank (ADB), and use the funds to support its post-Covid-19 economic recovery, as extreme weather events compounded by a worsening regional food crisis and the still-ongoing Ukraine ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-offers-covid-recovery-package
Jan-Apr rubbers exports bounce up 38%: GDCE
Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-rubbers-exports-bounce-38-gdce
Cambodia’s garments and agricultural products continue to drive export growth
Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...
Khmer Times Staff
https://www.khmertimeskh.com/501406845/cambodias-garments-and-agricultural-products-continue-to-drive-export-growth/
CDC reports 161 percent investment surge
The Council for the Development of Cambodia (CDC) Saturday announced that under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia (RGC) of the Seventh Legislature has attracted $7.5 billion of investment capital over one year period, marking a 161 percent rise ...
Nhean Chamrong
https://www.khmertimeskh.com/501560387/cdc-reports-161-percent-investment-surge/
More than 25 hectares of forest cover were restored in Mondulkiri in 2023
In implementing the forest rehabilitation project as part of the Royal Government of Cambodia’s National Environmental Strategic Plan, USAID-Morodok BAItang and Wildlife Conservation Society (WCS) in collaboration with the Ministry of Environment have achieved a number of forest cover restores with 25.44 hectares and 27,125 ...
Khmer Times Staff
https://www.khmertimeskh.com/501436558/more-than-25-hectares-of-forest-cover-were-restored-in-mondulkiri-2023/
Cambodia’s Economic Opportunity
While significant obstacles remain, the success of the rice sector is a potentially crucial driver in Cambodia’s prosperous and equitable development. Cambodia announced two major bilateral trade agreements recently, with the Philippines and Thailand, that are expected to further expand the country’s rice export sector. ...
http://thediplomat.com/2013/05/09/cambodias-economic-opportunity/
Factories to lose millions
The economic fallout from garment worker protests and the industry’s response is expected to cost the key sector millions of dollars while tarnishing the country’s reputation among international buyers, interviews with suppliers and figures from previous periods of labour unrest show. Disputes over wages came to ...
Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/factories-lose-millions
Ex-Finance Minister’s Sister Buys Up More Ethnic Jarai Lands
About 50 ethnic Jarai families in Ratanakkiri province’s O’Yadaw district have sold their farmland and part of the forests their culture depends on to the sister of former Finance Minister Keat Chhon, rights group Adhoc said Monday. Last year, the ethnic minority Jarai in the district ...
Aun Pheap
http://www.cambodiadaily.com/news/ex-finance-ministers-sister-buys-up-more-ethnic-jarai-lands-45093/
The scramble to Siem Reap
As Cambodia’s busy tourism season approaches, domestic and regional airlines are scrambling to offer Siem Reap routes in a bid to capitalise on the growing number of visitors to the Angkor Wat gateway. In the past several months, players have entered the fray at a ...
Like father like son, Hun Manet appears to model Hun Sen’s political rhetoric
Since being endorsed by the Cambodian People’s Party in December as the ruling party’s only prime minister candidate, Hun Manet is increasingly appearing in public, taking his father’s place at events ranging from the inauguration of military buildings to road openings. ...
Sorn Sarath
https://cambojanews.com/like-father-like-son-hun-manet-appears-to-model-hun-sens-political-rhetoric/
World Bank cuts growth outlook to 6%
Devastating floods as well as the economic slowdown in Europe and the US have prompted the World Bank to lower its outlook for Cambodia’s economic growth this year to 6 percent, down from a previous projection of 6.8 percent. In its economic update for the region ...