Economy and commerce

Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy

The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...

Khmer Times Staff

Ministry: Arrivals of foreign tourists soar in ‘23

The Ministry of Tourism reported a surge in foreign tourist arrivals in Cambodia for the first eight months of 2023. Over 3.5 million international visitors were recorded, marking a 250.8 per cent increase compared to the same period last year. A significant 84.7 per cent ...

Hin Pisei

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. ...

May Kunmakara

Thai-Cambodian ties entering ‘a new era’

Prime Minister Srettha Thavisin’s decision to visit Cambodia this week measures the solid relationship between the two countries. ...

Khmer Times Staff

Garment workers' monthly wage to increase by $4 in 2024

The minimum wage for garment workers has been raised by $4 a month to $204 in 2024, according to the Prime Minister. ...

Mao Sreypich

New Thai PM makes first official visit to Cambodia

Thailand’s new Prime Minister, Setha Thavisin, made his first visit to Cambodia on September 28 after receiving an invitation from Cambodian premier Hun Manet. ...

Thang Sinorn

Gold export booms in first semester

Cambodia saw a jump increase in gold exports in the first semester of this year, as more domestic gold refinery plants started commercial products. ...

Chea Vanyuth

GDT rejects “misleading” information spread about CGT

The General Department of Taxation (GDT) has rejected claims made on social media about the taxation of capital gains, claiming the misleading information is “slanderous”and it is committed to transparent and responsible taxation practices. ...

Seng Mengheng

Belt and Road Economic Information Partnership records growth with 56 members

A significant meeting was conducted in the bustling eastern Chinese city of Shanghai last Wednesday to deliberate on economic information sharing, focusing on enriching the ongoing efforts of the Belt and Road Initiative (BRI). ...

Khmer Times Staff

Cambodia, AIIB sign financing agreement worth $43 million

Royal Government of Cambodia (RGC) and the Asian Infrastructure Investment Bank (AIIB) Tuesday signed an agreement worth $43 million for the cross-border livestock health and value chain infrastructure improvement project, said a statement. ...

Kang Sothear

Nearly $1B concessional loans disbursed in H1

The government has disbursed $913.8 million concessional loans in the first half of 2023, which is an increase of 11 per cent compared to the same period in 2022, the Ministry of Economy and Finance announced. ...

Hin Pisei

Economic crisis sees latex exports fall 10% in first eight months

The global economic crisis has reduced Cambodia’s latex export earnings to $273.4 million in the first eight months of 2023, according to the Ministry of Agriculture, Forestry and Fisheries’ General Department of Rubber (GDR). ...

Hin Pisei

ECCC launch resource centre, video campaign set to kick off

The Extraordinary Chambers in the Courts of Cambodia (ECCC), commonly known as the Khmer Rouge tribunal, inaugurated a purpose-built resource centre on September 27. ...

Neang Sokunthea

New investment law entices Hong Kong investors

Hong Kong investors are keen to explore investment opportunities in Cambodia and have pledged to introduce business potentials created by Cambodia’s new investment law and its sub-decrees to their colleagues back home. ...

Hin Pisei

$1B needed to finish unfinished projects in Sihanoukville

At least $1 billion is required to invest in completing the unfinished buildings in the coastal city Sihanoukville, said a senior official at the Preah Sihanouk Provincial Administration. ...

Kang Sothear

Increased loan access for SMEs

Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...

May Kunmakara

Protecting against investment fraud in the securities sector

The SERC was established on October 19, 2007 under “Preah Reach Kram No. NS/RKM/1007/028”, which promulgated the “Law on the Issuance and Trading of Non-Government Securities”, as the sole authority to regulate, monitor and develop the securities sector in the Kingdom. ...

Post Staff

Pepper exports decline 30% Jan-Aug

Cambodia has experienced a 30 per cent decline in pepper exports in the first eight months of 2023, exporting over 5,000 tonnes, compared to the same period in 2022, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Van Socheata

Australia partners agri-food strategy

Cambodia and Australia inaugurated a new Food Innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...

Sok Raksa

Increased loan access for SMEs

Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...

May Kunmakara

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