News

The National Bank of Cambodia (NBC) sold $139.1 million through auction last year to stabilise the riel exchange rate and to rebound the economy, according to the central bank’s report released on Monday. ...

Cambodia is actively seeking more direct investment to enhance its small and medium-sized enterprise (SME) sector, a key driver of the nation’s economic growth, according to the Ministry of Industry, Science, Technology and Innovation. ...

The Ministry of Environment has established 193 protected area communities for biodiversity conservation, natural resource management, culture and promotion of national economic development. ...

Cambodian Prime Minister Hun Manet yesterday encouraged the private sector to invest in frozen organ meat for sustainable local consumption. ...

The Ministry of Justice has set up a new task force to monitor court cases involving drugs, traffic and civil status cases to expedite the resolution of cases in the courts. ...

The Royal Government of Cambodia and the United Nations World Food Programme (WFP) inked here on Jan. 30 the Letter of Understanding on the Implementation of the WFP Country Strategic Plan 2024-2028 in the Kingdom of Cambodia. ...

Cambodia and Australia are willing to further strengthen their banking and financial cooperation, especially in the field of green finance and financial knowledge. ...

The Cambodia Development Cooperation Board of the Council for the Development of Cambodia (CDCB/CDC) and the Korea International Cooperation Agency (KOICA) held here at the CDC’s headquarters on Jan. 25 their “first bilateral meeting in 2024” to boost development cooperation and partnership between the two ...

The Cambodian economy is projected to grow by 6.4 percent in 2024, up from 5.5 percent in 2023, mainly driven by tourism and manufacturing sector, National Bank of Cambodia (NBC)’s Governor Chea Serey said on Friday. ...

Cambodia has been diversifying into the industrial sector from garment manufacturing to non-garment manufacturing, using skilled labour and technology in the production chains. ...

The United Nations (UN), through the Ministry of Foreign Affairs and International Cooperation of Cambodia, has provided compensation for peacekeepers wounded or killed for the cause of humanity and peace around the world during missions in Lebanon and Mali. ...

In order to demand that the government restore the amount for ID poor payments, around 400 individuals in Run Ta Ek City staged protests in front of the province and commune halls. ...

The banking and financial industry has remained strong despite uncertainties on global economic growth causing the bankruptcies of banks in some countries. ...

Cambodians spend approximately $2.3 billion a year on beer, with the average person drinking about 72 liters of beer annually, causing economic experts to claim that reducing beer consumption could cut spending on public health and security. ...

Cambodia has been ranked as the fourth Southeast Asian country to receive aid from China, totalling $17.7 billion, with Indonesia topping the table. ...

Manufacturing, the recovery of Cambodian tourism on the back of regional improvement, and infrastructure development are likely to boost gross domestic product (GDP) growth, projected at 6.4 percent this year, up from 5.5 percent in 2023. ...

The law on Control of Alcohol Products has been in draft for nine years and remains uncertain due to its potential social, economic and political impacts. Experts are now urging the government to accelerate law enforcement on controlling alcohol consumption after recent fatal traffic accidents. ...

Net profit for Phnom Penh Autonomous Port’s (PPAP) financial year ended December 31, 2023 (FY’23) sank 36.2 percent to $9.1 million from $14.3 million a year ago. ...

Ministry of Agriculture, Forestry and Fisheries officials have reported several positive achievements in their jurisdiction in 2023, highlighting stable rice prices, investment interest in cashew nuts, the protection of the Irrawaddy dolphin population and the combating of fisheries crimes as notable success stories. ...

The Ministry of Information is finalizing the long-overdue draft law on the access to information, known as the “A2I draft law”, as highlighted in its work direction for 2024. The draft law is currently being reviewed by the Ministry of Justice, according to documents viewed ...

Twenty five families in Prek Takong 1 village of Chak Angreleu commune are concerned about losing their plots of land, which were rented out to the Meanchey district authority to build a temporary sewage canal. ...

The Royal Government of Cambodia (RGC) has a total public debt stock of $10.72 billion by the third quarter (Q3) of 2023 of which 99.5 percent is public external debt and the remaining goes to the public domestic debt, said the Ministry of Economy and ...

The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ...

Renewable energy sources will account for nearly 70 percent of Cambodia’s electricity this year, said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, recently. ...