Industries

Cambodia, China define 2024 as the year of people-to-people exchange

The Cambodian and Chinese top leaders have agreed to define 2024 as the year of people-to-people exchange to promote tourism and connectivity between the two countries. ...

Khmer Times Staff
https://www.khmertimeskh.com/501378193/cambodia-china-define-2024-as-the-year-of-people-to-people-exchange/

Nearly 2 million tourists travel during Pchum Ben holiday

Some 1.89 million tourists travelled to various tourism sites across the country during the three-day holiday of Pchum Ben Festival, up 52.2 percent compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501378210/nearly-2-million-tourists-travel-during-pchum-ben-holiday/

Newly commissioned airport in Cambodia’s tourist hub expected to boost tourism, economy

Chinese-invested Siem Reap Angkor International Airport (SAI) here in northwest Cambodia’s tourist hub commenced operations on Monday, raising hope for tourism revitalization. ...

Khmer Times Staff
https://www.khmertimeskh.com/501377089/newly-commissioned-airport-in-cambodias-tourist-hub-expected-to-boost-tourism-economy/

Brazil, Cambodia to boost tourism, agriculture sectors

Brazilian Foreign Minister Mauro Vieira called on Prime Minister Hun Manet at the Peace Palace Thursday and discussed matters pertaining to expanding collaboration to boost trade and the flow of tourists between the two countries. ...

Nheng Chamrong
https://www.khmertimeskh.com/501375674/brazil-cambodia-to-boost-tourism-agriculture-sectors/

Cambodia’s garment, footwear, and travel goods exports are down 17.8 percent in the first nine months

Cambodia exported $8.14 billion worth of garment, footwear, and travel products to international markets in the first nine months of 2023, down 17.8 percent from last year, according to the Ministry of Commerce on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501375252/cambodias-garment-footwear-and-travel-goods-exports-are-down-17-8-percent-in-the-first-nine-months/

Cambodia, Malaysia set for joint tourism campaign

Cambodia and Malaysia recently decided to promote the ‘Two Countries, One Destination’ tourism plan to tap more into the European and Chinese markets. The campaign will also help Cambodia to attract more Muslim tourists. ...

Manoj Mathew
https://www.khmertimeskh.com/501373705/cambodia-malaysia-set-for-joint-tourism-campaign/

Cambodia is eager to invite more Chinese tourists

A senior Cambodian official on Monday called for more Chinese tourists, saying that their presence has significantly contributed to the kingdom’s economic and touristic growth and poverty reduction. ...

Khmer Times Staff
https://www.khmertimeskh.com/501373964/cambodia-is-eager-to-invite-more-chinese-tourists/

Ministry launches Angkor call centre, Telegram account for photo permission

The Ministry of Culture and Fine Arts, through the Apsara National Authority (ANA), has launched a call centre and Telegram channel for anybody wanting to take photographs or videos of the places in the Angkor Archaeological Park. ...

Hang Punreay
https://www.khmertimeskh.com/501373302/ministry-launches-angkor-call-centre-telegram-account-for-photo-permission/

Cambodia prepares for peak tourist season

The Cambodian tourism sector and authorities have been implementing solutions to prepare for peak tourist season, including simplifying entry procedures at the instruction of Prime Minister Dr Hun Manet. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371744/cambodia-prepares-for-peak-tourist-season/

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

May Kunmakara
https://phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

Electrical exports spark to $2.1B

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). ...

Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b

Associations welcome minimum wage hike

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/501369455/associations-welcome-minimum-wage-hike/

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
https://www.phnompenhpost.com/business/ministry-arrivals-foreign-tourists-soar-23

Employers praise minimum wage negotiations, unions raise concerns

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. ...

Van Socheata
https://www.phnompenhpost.com/national/employers-praise-minimum-wage-negotiations-unions-raise-concerns

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
https://kiripost.com/stories/garment-workers-monthly-wage-to-increase-by-4-in-2024

Foreign arrivals up 250.8% in first eight months

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501369786/foreign-arrivals-up-250-8-in-first-eight-months/

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
https://www.phnompenhpost.com/business/economic-crisis-sees-latex-exports-fall-10-first-eight-months

‘Build Plus 3D’ tourism action plan highlights five strategies to revive sector

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/build-plus-3d-tourism-action-plan-highlights-five-strategies-revive-sector

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
https://www.phnompenhpost.com/business/australia-partners-agri-food-strategy

Cambodia and Australia launch food innovation partnership to support agri-food SMEs

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501366475/cambodia-and-australia-launch-food-innovation-partnership-to-support-agri-food-smes/

Angkor Wat Autumnal Equinox 2023

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

Khmer Times Staff​
https://www.khmertimeskh.com/501365038/angkor-wat-autumnal-equinox-2023/

Autumn equinox over Angkor showcases ‘ancestors wisdom’

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 ...

Bor Pich Zelin
https://www.phnompenhpost.com/national/autumn-equinox-over-angkor-showcases-ancestors-wisdom

Sluggish industry growth affects Cambodia’s economic outlook as improved tourism recovery expected to boost Cambodian exports

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 ...

Khmer Times Staff
https://www.khmertimeskh.com/501363717/sluggish-industry-growth-affects-cambodias-economic-outlook-as-improved-tourism-recovery-expected-to-boost-cambodian-exports/

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