News

Microfinance formed over 30% of Cambodia’s 2022 GDP

Microfinance has grown exponentially in Cambodia and is not as stressed as reported by the international media, according to a study by research firm M-CRIL in partnership with the Cambodia Microfinance Association (CMA). A sector which had only 50,000 clients in 1995, now services 2.1 ...

Rachel.David
https://www.khmertimeskh.com/501429233/microfinance-formed-over-30-of-cambodias-2022-gdp/

PM to hold meeting to review Pentagonal Strategy

Prime Minister Hun Manet is scheduled to chair the Plenary Session of the Council of Ministers, which will be held on February 2, to review the implementation of the seventh mandate government’s Pentagonal Strategy. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501429291/pm-to-hold-meeting-to-review-pentagonal-strategy/

Minister of Environment supports investors who wish to increase employment for local communities

Dr. Eang Sophalleth, Minister of the Environment, fully welcomed and supported investors who wish to increase employment for local communities and help keep Cambodia’s environment clean by investing in renewable energy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501429737/minister-of-environment-supports-investors-who-wish-to-increase-employment-for-local-communities/

Tax collection up 4.49 percent to $3.6 billion

Cambodia increased its tax collection by 4.49 percent year-over-year to $3.6 billion in 2023. We exceeded our target (101.13 percent) with this year’s collection, said the General Department of Taxation (GDT) at the Ministry of Economy and Finance. ...

Chea Vanyuth
https://www.khmertimeskh.com/501428582/tax-collection-up-4-49-percent-to-3-6-billion/

Cambodia’s foreign reserves rise to $20 bln in 2023

Cambodia’s international reserves increased to $20 billion in 2023, representing a year-on-year rise of 12.3 percent, the central bank said on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501429536/cambodias-foreign-reserves-rise-to-20-bln-in-2023/

Electrical exports bolster economy in 2023, up 50%

Cambodia exported over $3.1 billion in electrical machinery, equipment and related products to the international market in 2023, an increase of more than 50% compared to 2022. The export value of these products constituted nearly 14% of the country’s total exports, as per data from ...

Hin Pisei
https://www.phnompenhpost.com/business/electrical-exports-bolster-economy-in-2023-up-50-

GDT exceeds 2023 tax revenue targets

Cambodia generated more than $3.6 billion in 2023 through the General Department of Taxation (GDT), slightly exceeding the targets set in the 2023 Law on Financial Management and surpassing 2022’s revenue. ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-exceeds-2023-tax-revenue-targets

EU support fisheries research

The EU is advancing the field of fisheries science in Cambodia by supporting students in their research and educational pursuits. The initiative aims to improve management efficiency within the sector and to empower students by developing their scientific skills, thereby broadening their career opportunities, especially ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/eu-support-fisheries-research

Ministry plan to align gambling legislation

To ensure effective suppression of illegal gambling, the Ministry of Interior is set to amend the Law on Suppression of Gambling, aligning it with the Law on Commercial Gambling Management. ...

Chea Sokny
https://www.phnompenhpost.com/national/ministry-plan-to-align-gambling-legislation

Robust growth predicted for ASEAN+3

Amid strong domestic demand, moderate inflation and continuing improvements in trade, the ASEAN+3 region – encompassing the 10 bloc members and China, Japan and South Korea – is expected to maintain robust economic growth this year despite uncertainties in the global outlook. ...

May Kunmakara
https://www.phnompenhpost.com/business/robust-growth-predicted-for-asean-3

Cambodia attends the 3rd G77 Summit in Uganda

A Cambodian delegation led by Hang ChuonNaron, Deputy Prime Minister and Minister of Education, Youth, and Sports, attended the 3rd G77 Summit on Jan. 21-22 in Kampala, Uganda, under the theme of “Leaving No One Behind”. ...

Khmer Times Staff
https://www.khmertimeskh.com/501428141/cambodia-attends-the-3rd-g77-summit-in-uganda/

Cambodian mangoes now gaining popularity across Russian markets

Cambodian mangoes are gaining popularity across Russian markets offering a boost to the Kingdom’s agricultural sector, according to a representative of an agriculture firm that exports Cambodian mangoes to Russia and Central Asia. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501427846/cambodian-mangoes-now-gaining-popularity-across-russian-markets/

Koh Rong int’l airport construction begins

State authorities have confirmed that the earthworks for the first phase of construction of the Koh Rong International Eco-Tourism Airport is now underway on the island. ...

James Whitehead
https://www.khmertimeskh.com/501427850/koh-rong-intl-airport-construction-begins/

Environment Minister: community economic independence is the success of development projects

Minister of Environment, Eang Sophalleth, reinforced the significance of bestowing economic independence upon communities in protected areas and entrusting local authorities with the power to intervene in instances of natural resource crimes. ...

Khmer Times Staff
https://www.khmertimeskh.com/501428898/environment-minister-community-economic-independence-is-the-success-of-development-projects/

Vietnam’s Ministry of Public Security’s delegation visits Cambodia

Minister of Public Security General To Lam led a delegation of the Vietnamese Ministry of Public Security to pay an official visit to Cambodia from January 22-24 at the invitation of Deputy Prime Minister and Minister of Interior Sar Sokha. ...

Khmer Times Staff
https://www.khmertimeskh.com/501428840/vietnams-ministry-of-public-securitys-delegation-visits-cambodia/

PM orders restrictions on alcohol promotion

Prime Minister Hun Manet has directed the Ministry of Information and relevant bodies to reinforce regulations on alcohol advertising, stressing that the depiction of alcohol consumption shall no longer be allowed on television. ​ ...

Mom Kunthear
https://www.phnompenhpost.com/national/pm-orders-restrictions-on-alcohol-promotion

Minister of Commerce chairs the 2ndmeeting of the CCC and NCCP

On 24 January, 2024, ChamNimul, Minister of Commerce and the Chairperson of the Cambodian Competition Commission (CCC) chaired the 2nd Meeting of the CCC in order to review, discuss, and approve the regulations under the Law on Competitionat the Ministry of Commerce. ...

Khmer Times Staff
https://www.khmertimeskh.com/501428841/minister-of-commerce-chairs-the-2ndmeeting-of-the-ccc-and-nccp/

Sok Soken attends the ASEAN Tourism Forum 2024 in Vientiane, Lao People’s Democratic Republic

At the invitation of Minister of Information, Culture and Tourism of Lao PDR, Suanesavanh Vignaket, Sok Soken, Cambodian Minister of Tourism, led a delegation to attend the ASEAN Tourism Forum 2024, the 27th ASEAN Tourism Ministers Meeting and related meetings from 23rd – 27th January ...

Khmer Times Staff
https://www.khmertimeskh.com/501428870/sok-soken-attends-the-asean-tourism-forum-2024-in-vientiane-lao-peoples-democratic-republic/

Ministry advances community-led forest protection

Providing economic independence to communities in protected areas and empowering local authorities to intervene in cases of natural resource crimes is key to the success and sustainability of development projects. The approach also aligns with the goals of both those implementing and funding the initiatives, ...

Van Socheata
https://www.phnompenhpost.com/national/ministry-advances-community-led-forest-protection

Four African nations seek demining training from CMAC

Four African countries, South Sudan, Nigeria, Ethiopia, and Somalia, have asked the Cambodian government, through the Japan International Cooperation Agency (JICA), for the Cambodian Mine Action Centre (CMAC) to help train deminers in each country. ...

Hang Punreay
https://www.khmertimeskh.com/501428695/four-african-nations-seek-demining-training-from-cmac/

Interior Ministry plans blacklist for drunk drivers

The Ministry of Interior is studying the possibility of creating a database or blacklist to record those who drive while intoxicated and cause traffic accidents resulting in injuries or deaths. ...

Torn Vibol
https://www.khmertimeskh.com/501428669/interior-ministry-plans-blacklist-for-drunk-drivers/

MoH discovers 4th case of monkeypox

Another person was diagnosed with monkeypox on Tuesday, bringing to four the number of cases of the illness in Cambodia, the Ministry of Health announced. ...

Torn Vibol
https://www.khmertimeskh.com/501428689/moh-discovers-4th-case-of-monkeypox/

Pay gap in construction sector attributed to ‘skill’

Approximately 35 per cent of Cambodia’s 250,000 construction workers are women, according to Sok Kin, president of the Building and Wood Workers Trade Union Federation of Cambodia (BWTUC). ...

Kim Sarom
https://www.phnompenhpost.com/post-in-depth/pay-gap-in-construction-sector-attributed-to-skill-

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