News

Economy to grow 5.5% in 2023, says NBC

Cambodia’s GDP is expected to grow by 5.5 percent with a low inflation rate of two percent in 2023, due to external factors and the re-opening of the economy. ...

Mao Sreypich
https://kiripost.com/stories/national-bank-cambodia-economy-to-grow-5-point-5-2023

Cambodia, UNDP jointly launch SDG Investor Map to accelerate sustainable development

The Cambodian government and the United Nations Development Program (UNDP) on Wednesday jointly launched the Cambodia SDG Investor Map, a market intelligence tool that identifies viable investment opportunity areas aligned with the Cambodia Sustainable Development Goals (SDGs). ...

Khmer Times Staff
https://www.khmertimeskh.com/501142950/cambodia-undp-jointly-launch-sdg-investor-map-to-accelerate-sustainable-development/

Agri ministry sounds alarm over mosaic disease

The agriculture ministry has expressed concern about the alarming spread of mosaic disease in cassava farms across Cambodia, which they say could worsen and cause an overall decrease in yields of the cash crop. ...

Hom Phanet
https://www.phnompenhpost.com/business/agri-ministry-sounds-alarm-over-mosaic-disease

High hopes as RCEP enters into force Jan 1

The Regional Comprehensive Economic Partnership (RCEP) will enter into force on January 1, and local economists and businessmen expect huge benefits from one of the world’s largest free trade agreements. ...

Hom Phanet
https://www.phnompenhpost.com/business/high-hopes-rcep-enters-force-jan-1

Cambodian UN mission: Kingdom gets 'recognition' for human rights, Covid jab drive

The Cambodian Permanent Mission to the UN Office in Geneva said a total of 22 foreign delegations spoke in favour of the Kingdom’s efforts, progress and achievements in promoting and protecting human rights, while nine others voiced critical comments on civic and political space in ...

Voun Dara
https://www.phnompenhpost.com/national-politics/cambodian-un-mission-kingdom-gets-recognition-human-rights-covid-jab-drive

2030 innovation roadmap to make headway on key economic visions

The Royal Government of Cambodia (RGC) has launched the five-pillared Cambodia Science, Technology and Innovation Roadmap for 2030, in a bid to create an ecosystem of knowledge management, creativity and entrepreneurial spirit, designed to be inclusive, sustainable and conducive to the relevant economic sectors and ...

Thou Vireak
https://www.phnompenhpost.com/business/2030-innovation-roadmap-make-headway-key-economic-visions

Jabs could swell 2022 GDP by 6%: think-tank

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). ...

May Kunmakara
https://www.phnompenhpost.com/business/jabs-could-swell-2022-gdp-6-think-tank

GDP numbers rendered uncertain by floods

Flooding has created uncertainty over the Kingdom’s economic outlook this year, with various figures bandied about and thousands of households and paddies affected. ...

Sorn Sarath
https://www.khmertimeskh.com/50775085/gdp-numbers-rendered-uncertain-by-floods/

Government insists GDP contraction for 2020 will not be more than -1.9 percent

The Royal Government will  stand by its forecast  that the economy will not  contract by more than -1.9 percent this year.  In addition, it has forecasted that  positive growth will return in 2021 with an estimated 3.5 percent. ...

Sok Chan
https://www.khmertimeskh.com/50770067/government-insists-gdp-contraction-for-2020-will-not-be-more-than-1-9-percent/

Agriculture share of Kingdom’s GDP on track to hit 32 per cent

The agricultural industry is on track to account for 32 per cent of Cambodia’s gross domestic product (GDP) by the end of the year as more of the Kingdom’s workforce moves into the sector, Royal Academy of Cambodia economics researcher Ky Sereyvath has said. ...

Thou Vireak
https://www.phnompenhpost.com/business/agriculture-share-kingdoms-gdp-track-hit-32-cent

AMRO lowers further Cambodia’s economic growth

According to the news released from Singapore, Cambodia’s economic growth this year has been forecasted to drop from previous prediction (April) of 2.7 percent this year, and 6.8 percent next year to -1.8 percent this year and 6.5 next year. ...

Heng Panha /AKP
https://www.khmertimeskh.com/50752710/amro-lowers-further-cambodias-economic-growth/

Cambodia’s economy stagnant in first half

The National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50744787/cambodias-economy-stagnant-in-first-half/

IMF sees Cambodia registering a combined GDP growth of one percent this year and to expand to 8.5 percent in 2021

The International  Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of  1.0 percent this year before surging 8.5 percent next year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50714379/imf-sees-cambodia-registering-a-combined-gdp-growth-of-one-percent-this-year-and-to-expand-to-8-5-percent-in-2021/

Economy to face new challenges

Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank (ADB) said in its annual report yesterday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/economy-face-new-challenges

About 871,000 Cambodians travel abroad in 2013, up 10 pct

The number of Cambodia’s outbound travelers increased by 10 percent year-on-year to 871,000 last year, a report of the Ministry of Tourism showed Tuesday. Ang Kim Eang, president of Cambodia Association of Travel Agents, which represents about 220 tour and travel companies, said most of Cambodian ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-02/18/c_133124854.htm

Cambodia very lucrative for investors

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc

Asian garment industry to undergo further segmentation

The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...

http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm

Congressional Hearing in US Pushes Cut to Cambodian Aid

At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcom­mittee ...

http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/

Cambodia host to Malaysia's ICT conference, expo

Cambodia was host to a two-day information and communication technology conference and expo held by the The National ICT Association of Malaysia on Friday. By 2012, 19.1 million SIM cards for mobile phones have been sold while on the internet side, around 2.7 million people ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MjM2ZjVmYzQxMzV

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