Industries

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. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Associations in the footwear and travel goods sector welcomed the hike in the minimum wage for workers in 2024, saying that this will ensure the sector’s competitiveness and enhance the workers’ living standards. ...

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 ...

Following the labour ministry’s announcement of a 2024 minimum wage set at $204 per month, the employers’ association has voiced their support, while trade union representatives and civil society organisations (CSOs) expressed their disappointment. ...

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

Cambodia received some 3.5 million foreign visitors in the first eight months of 2023, a year-on-year increase by 250.8 percent, but a decrease by 19.7 percent compared to the same period in 2019, according to a report of the Ministry of Tourism. ...

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). ...

Newly-minted Minister of Tourism Sok Soken is implementing a new tourism strategy and action plan called “BUILD Plus 3Ds” to propel tourism development in Cambodia after being hit hard by Covid-19, and further compounded by the ongoing Russia-Ukraine war, which is impacting travel expenditure. ...

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. ...

Cambodia and Australia launched a new Food Innovation Partnership to support Cambodia’s agri-food small and medium-sized enterprises (SMEs) to develop new products, meet food safety standards, and improve their market reach. ...

Cambodia and India have pledged to enhance further cooperation on tourism development to stimulate mutual tourist’ movement. ...

Every year, the Equinox occurs twice: the Vernal Equinox in March and the Autumnal Equinox in September. ...

The autumnal equinox will occur this year on September 23. The phenomenon, which signifies an equal duration of day and night due to the Earth’s position in its orbit around the sun, happens twice a year in September and March. At these times, the sun ...

The Asian Development Bank (ADB) has lowered its economic growth forecast for Cambodia to 5.3 percent, down from the earlier prediction of 5.5 percent. The main reason for this revision is the slower-than-expected growth in the industrial sector. This information was included in the ADB’s ...

Cambodia is seeing a notable recovery in its economy with a strong bounce back in the service sectors. However, the manufacturing sector, primarily the garment industry, finds itself grappling with external pressures. ...

Six new investment projects with a total capital of $34.6 million have been approved by the Council for the Development of Cambodia (CDC). ...

Minister of Environment Eang Sophalleth stated that the ministry is carefully pursuing the implementation of ecotourism as its primary focus. ...

Minister of Environment Eang Sophalleth stated that the ministry is carefully pursuing the implementation of ecotourism as its primary focus. ...

The Ministry of Tourism has set a new strategy known as ‘BUILD plus 3Ds’ to attract more international tourists and ensure the target set by the new government to achieve at least five million international travellers into the Kingdom by the end of this year. ...

Hun Sen, President of the Supreme Privy Council of His Majesty the King, has encouraged the Japanese investors to invest in Cambodia’s two key areas, including the establishment of factories for raw material processing, and advanced technology such as car assembly plants, production of electronic ...

Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. ...

Toyota assembly plant at Phnom Penh Special Economic Zone will be inaugurated in 2024. ...

Kim Kheang, a 25-year-old trader in Cambodia, has decided to shift to use a Chinese electric vehicle (EV) in a move to save fuel costs and help keep the air clean. ...