Sustainable Development Goals

SDG 8 Decent work and economic growth

National economy experiencing robust growth: WB

The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018.​ ...

Sok Chan
https://www.khmertimeskh.com/50664637/national-economy-experiencing-robust-growth-wb/

World Bank: Growth at 7% for this year

Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year

IMF: Cambodia’s economic growth to be highest in Asean

Cambodia’s economic growth is projected to be highest in the Asean region despite facing several challenges, the International Monetary Fund (IMF) said. In its latest Regional Economy Outlook published on Tuesday, the IMF predicts that the Kingdom’s economic growth will remain strong at seven per ...

Sorn Sarath
https://www.phnompenhpost.com/business/imf-cambodias-economic-growth-be-highest-asean

IMF mission projects positive economic outlook with possible downside risks

An International Monetary Fund (IMF) team led by Jarkko Turunen, deputy division chief of the Asia Pacific Department (APD) visited Phnom Penh to conduct discussions under what is known as the Article IV consultation.​ Under the Article IV consultation, IMF staff undertakes annual surveillance and analysis ...

Poovenraj Kanagaraj
https://www.khmertimeskh.com/50651166/imf-mission-projects-positive-economic-outlook-with-possible-downside-risks/

Almost all migrant workers ‘legal and safe’: Ministry

Labour Minister Ith Samheng on Wednesday told a representative of the International Organisation for Migration that the government has successfully legalised almost all Cambodians working overseas and made their situation safer. The minister said the government has always prioritised finding a solution to the migration problems ...

Mom Kunthear
https://www.khmertimeskh.com/50650024/almost-all-migrant-workers-legal-and-safe-ministry/

Cambodia launches campaign to end child labor in brick industry

Cambodia has launched a campaign to end child labor in the brick industry by 2020, a move industry observers cautiously welcome while expressing doubts the goal will be achieved, and calling for more structural changes. ...

Leonie Kijewski
https://www.voacambodia.com/a/cambodia-launches-campaign-to-end-child-labor-in-brick-industry/5074617.html

Gap in proposed minimum wage

Unions and employers have proposed starkly differing figures of what the minimum wage for garment and textile factory workers should be next year. Minimum wage negotiations between employers, the government and unions began on August 29 and are expected to end before September 25. After their ...

Mom Kunthear
https://www.khmertimeskh.com/50641382/gap-in-proposed-minimum-wage/

Region probes social security

Cambodia will host the biannual meeting of Mekong Delta labour ministers in two weeks’ time when they will discuss having a common social security net for workers. Labour Minister Ith Samheng said last week that he will meet with his counterparts from Laos, Vietnam, Thailand and ...

Mom Kunthear
https://www.khmertimeskh.com/50639646/region-probes-social-security/

Gov’t: Being competitive key to growth

Minister of Commerce Pan Sorasak on Wednesday said the Cambodian government has focused on its competitiveness strategies and the growth of Industry 4.0 in the Kingdom to withstand the trends of global protectionism and geopolitical polarisation. Speaking at a workshop on “Cambodian Trade Integration Strategy ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-being-competitive-key-growth

Economic growth may slow to 6.5% due to EBA, global risks

The government has predicted that Cambodia’s economic growth will decline to 6.5 per cent next year – down from 7.1 per cent this year – due to global challenges and the possible withdrawal of the EU’s “Everything But Arms” trade agreement. The prediction was made ...

Niem Chheng
https://www.phnompenhpost.com/national/economic-growth-may-slow-65-due-eba-global-risks

Gov’t to discuss garment wage

The Ministry of Labour and Vocational Training, and employer and union representatives will meet next month to discuss the 2020 minimum wage for workers in the garment and footwear sectors, where unions expect an increase of between $20 and $25 a month. ...

Long Kimmarita
https://www.phnompenhpost.com/national/govt-discuss-garment-wage

Cambodia’s workforce needs help

The Asian Development Bank’s (ADB) recent US$60 million loan to Cambodia is set to boost the skills and competitiveness of its growing labour force as the country’s economy undergoes a key transition. Driven by garment exports and tourism, Cambodia’s economy grew by an average of ...

Jason Thomas
https://theaseanpost.com/article/cambodias-workforce-needs-help

Land earmarked for Mondulkiri’s new airport

A plot of land consisting of 300 hectares and located in O’Raing district has been chosen by local authorities for the development of a domestic airport, said Sin Chanserey Vutha, spokesman for SSCA. This plot will now be submitted to the government for approval. If ...

Chea Vannak
https://www.khmertimeskh.com/50620571/land-earmarked-for-mondulkiris-new-airport/

Kingdom’s economy set to slow despite robust growth

The Cambodian economy is projected to slow slightly this year compared to last year, despite robust growth of around seven per cent, an Asian Development Bank (ADB) report released on Wednesday said. ADB said economic expansion last year hit 7.3 per cent on the back ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdoms-economy-set-slow-despite-robust-growth

Government, ILO cooperation hailed

Prime Minister Hun Sen on Monday highlighted the joint accomplishments of the Cambodian government and the International Labour Organisation (ILO) in helping to bring 1.5 million of the Kingdom’s workers into the formal labour market. The ILO was established in Paris on October 29, 1919, ...

Long Kimmarita
https://www.phnompenhpost.com/national/government-ilo-cooperation-hailed

Economy grew 7.3 pct in 2018: Ministry

On the back of strong growth in the garment, construction and hospitality sectors, the national economy expanded by 7.3 percent last year, according to the Ministry of Economy and Finance. Presenting on the ministry’s latest report during a public forum on macroeconomic management and the ...

Chea Vannak
https://www.khmertimeskh.com/50569205/economy-grew-7-3-pct-in-2018-ministry/

World Bank: more skilled worker training needed to sustain Cambodia growth

Cambodia’s economic health remains strong at about 6 or 7 percent annual growth, but the country needs to harness its young population and invest in training and skills to ensure this trend continues, the World Bank said. ...

Hul Reaksmey
https://www.voacambodia.com/a/more-skilled-workers-training-needed-to-sustain-cambodia-growth-says-world-bank/4394843.html

WB puts GDP growth at 6.9 percent

The economy will grow at a rate of 6.9 percent in 2018, according to the latest report from the World Bank. Other international financial institutions have issued similar forecasts this month, with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) putting national ...

Sok Chan
https://www.khmertimeskh.com/50302559/wb-puts-gdp-growth-at-6-9-percent/

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