News

Milled rice exports increase 3% in 2023

In 2023, Cambodia exported more than 656,000 tons of milled rice worth $466 million​, marking a three percent growth in volume and 13 percent in value compared with 2022, according to Cambodia Rice Federation (CRF). ...

Yatt Malai
https://kiripost.com/stories/milled-rice-exports-increase-3-in-2023

Global economy will slow for a third straight year in 2024, World Bank predicts

That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...

Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts

Cart Tire revving up to raise capital investment to $700M

A Chinese car tyre manufacturer is planning to increase its investment in Cambodia by raising its capital to approximately $700 million, in a move aimed at enhancing production capacity and expanding exports to additional international markets. ...

Hin Pisei
https://www.phnompenhpost.com/business/cart-tire-revving-up-to-raise-capital-investment-to-700m

PM to make official visit to Bangkok

Prime Minister Hun Manet will make an official visit to Bangkok on February 7 to discuss ways to boost trade and investment with his Thai counterpart Srettha Thavisin, according to Thai media. ...

Yatt Malai
https://kiripost.com/stories/pm-to-make-official-visit-to-bangkok

SERC combat illegal investment schemes

The Securities Exchange Regulator of Cambodia (SERC) is actively seeking collaboration with relevant ministries and institutions to combat the illicit collection of public funds by unauthorised investors offering high returns. ...

May Kunmakara
https://www.phnompenhpost.com/business/serc-combat-illegal-investment-schemes

Footwear exports dip; sector shows signs of recovery

Cambodia netted over $1.2 billion from exporting footwear, gaiters and related articles in the first 11 months of 2023, marking a nearly 23% decrease year-on-year. However, the last few months of 2023 showed signs of gradual improvement, as reported by the General Department of Customs ...

Hin Pisei
https://www.phnompenhpost.com/business/footwear-exports-dip-sector-shows-signs-of-recovery

Cambodian PM’s upcoming visit to France to deepen bilateral collaboration

The visit of Dr Hun Manet, Prime Minister of the Kingdom of Cambodia, to France next week will further strengthen the relations and cooperation between the two countries, according to his letter dated Jan. 8 to Emmanuel Macron, President of the French Republic. ...

Khmer Times Staff
https://www.khmertimeskh.com/501420102/cambodian-pms-upcoming-visit-to-france-to-deepen-bilateral-collaboration/

Solar to remain fastest growing power source

At an annual growth rate of 14.34 percent, the fastest growth in electricity generation in the Kingdom will be in the solar sector in the coming years, a latest study by the Economic Research Institute for Asean and East Asia has revealed. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501419929/solar-to-remain-fastest-growing-power-source/

Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023

Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/

Ministry establishes a working group for justice reform

The Ministry of Justice has established a Strategic, Policy Research and Analysis Group to reform and amend laws and regulations in the field of justice in Cambodia. A decision by the Ministry on Friday stated that a strategic, policy research and analysis team in the ...

Hang Punreay
https://www.khmertimeskh.com/501420008/ministry-establishes-a-working-group-for-justice-reform/

Over 100,000 self-employed have registered with the NSSF

The National Social Security Fund (NSSF) has registered 100,304 self-employed people and 11,589 dependents for healthcare yesterday, according to Kata Orn, Spokesman of the Ministry of Labour and Vocational Training. ...

Som Sotheary
https://www.khmertimeskh.com/501420032/over-100000-self-employed-have-registered-with-the-nssf/

Two provinces suspend rice growing due to water shortage

Kampong Chhnang and Pursat provinces have told farmers to suspend rice cultivation during the forthcoming dry season due to the lack of water to irrigate the rice fields. ...

Tith Kongnov
https://www.khmertimeskh.com/501419211/two-provinces-suspend-rice-growing-due-to-water-shortage/

Environmental activists detained over illegal protest

A group of 13 young environmental activists – including a German youth – with Mother Nature Cambodia were detained and accused of illegal acts following a public display on Sunday at the Phnom Penh riverside exercise park. ...

Nop Sreymao
https://www.khmertimeskh.com/501419989/environmental-activists-detained-over-illegal-protest/

Export of agri-products touched $4.3B last year

Cambodia exported 8.4 million tonnes of agricultural products last year, earning around $4.3 billion in revenue, said a report from the Ministry of Agriculture, Forestry and Fisheries. ...

Chea Vanyuth
https://www.khmertimeskh.com/501419341/export-of-agri-products-touched-4-3b-last-year/

Rare birds’ nests up at Mondulkiri sanctuary

In a promising sign for conservationists, the Bird Nest Protection Project by the Wildlife Conservation Society (WCS) Cambodia has dramatically boosted the numbers of rare bird nests at Keo Seima Wildlife Sanctuary in Mondulkiri province, hopping from 11 nests in 2018 to an impressive 41 ...

Chea Sokny
https://www.phnompenhpost.com/national/rare-birds-nests-up-at-mondulkiri-sanctuary

Cambodia sees close to 20,000 in drug related arrests in 2023

Cambodia has seen a spike in the number of people arrested in drug involvements despite a drop in the amount of narcotics seized in 2023, according to an Anti-Drug Police Department (ADP) report on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501418609/cambodia-sees-close-to-20000-in-drug-related-arrests-in-2023/

China’s contribution to Cambodia’s mine action lauded

Cambodia has applauded the Government of China for its active contribution to humanitarian mine action in the Kingdom, enabling safe land for farmers and reducing mine and ERW risks. ...

Khmer Times Staff
https://www.khmertimeskh.com/501418657/chinas-contribution-to-cambodias-mine-action-lauded/

Ministry releases details of successful crackdown on telecom and online fraud

Public security organs across China solved 391,000 cases of telecom or online fraud in the first 11 months of last year and captured numerous suspects, the Ministry of Public Security said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501418610/ministry-releases-details-of-successful-crackdown-on-telecom-and-online-fraud/

International rice prices up 21 percent in 2023

International rice prices climbed 21 percent last year amid climate concerns and the fallout from Indian export curbs, the Food and Agriculture Organization of the United Nations says. ...

Khmer Times Staff
https://www.khmertimeskh.com/501418883/international-rice-prices-up-21-percent-in-2023/

General Science announces $255 million expansion plan in Cambodia

The 18-month project will add capacity for 3.5 million units of semi-steel radial passenger car tires and 750,000 all-steel truck bus tires per year at the plant, inaugurated in April last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501418887/general-science-announces-255-million-expansion-plan-in-cambodia/

Cambodia extracts 9.5 tonnes of gold ore

Cambodia extracted 9,500 kilograms of gold ore, a semi-finished product, since commercial mining began in June 2021, a report by the Ministry of Mines and Energy showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501418104/cambodia-extracts-9-5-tonnes-of-gold-ore/

Siem Reap tourism vendor loans to be more accessible in 2024

The Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank), loan terms for tourism vendors in Siem Reap Province will be loosened from the beginning of 2024 to encourage more uptake of funds exclusively by Siem Reap-based entities to bolster the sector’s return to ...

James Whitehead
https://www.khmertimeskh.com/501418092/siem-reap-tourism-vendor-loans-to-be-more-accessible-in-2024/

Salary hike for govt contract workers

The government announced last Thursday that from this month, contract officials in all ministries and institutions across the country will receive a salary rise. ...

Hang Punreay
https://www.khmertimeskh.com/501419299/salary-hike-for-govt-contract-workers/

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