News

The $800 million to $2 billion COVID-19 stimulus package announced by Prime Minister Hun Sen last month will only be given to those businesses that are legally registered and are formally verified, the Ministry of Economy and Finance has said. ...

Cambodia exported a total of 2,936,992 tonnes of agricultural commodities and products to the international markets during the first quarter of the year. Increasing 20 percent from the same period last year, according to a report from the Ministry of Agriculture, Forestry and Fisheries released ...

Impending COVID-19 health measures and high levels of micro debt pose a serious concern for the approximately 2.4 million Cambodians with a combined outstanding debt of $8 billion, according to a World Bank report released this week. ...

The Senate will convene today for an extraordinary session to discuss the approval of three new power plants which will cumulatively generate nearly 1,000 mW. ...

The Cambodian government has been looking to secure a stockpile of milled rice to ensure a sufficient domestic supply of the staple. ...

Cambodia’s retail gasoline price has strongly declined for the first time because of the fall on the international market, according to the monthly oil prices set by the Ministry of Commerce revealed yesterday. ...

Environmental watchdog ACNCIPO director Chea Hean has requested the service of Kampong Speu provincial officials to help close logging roads in the Phnom Oral Wildlife Sanctuary and the Central and Southern Cardamom National Parks. ...

The government is evaluating the current economic situation and monitoring the impact of the ongoing Covid-19 pandemic to determine whether to adjust its six per cent projection for economic growth this year, Ministry of Economy and Finance spokesman Meas Sok Sensan said on Wednesday. ...

The tourism industry has always been considered as a major player in the rapid economic growth of the Kingdom. However, in the first quarter of 2020, the typically booming industry was abruptly brought to its knees due to COVID-19. ...

Bilateral trade between Cambodia and the U.S. were valued at US$585 million in January 2020, up 33 percent compared to the same period last year. ...

The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday. ...

The government announced on Tuesday a measure to assist minimum wage workers employed in the tourism sector amid COVID-19 fears. ...

Interior Minister Sar Kheng yesterday urged newly appointed Justice Minister Keut Rith to improve the judiciary and expedite resolution of pending cases to boost the public’s confidence towards the country’s judicial system. ...

Forest activists claimed they had observed more cases of deforestation in the Prey Lang area than before the Covid-19 outbreak. They alleged that three companies had sent workers to log and transport timber with no crackdown by the relevant authorities. ...

Cambodia’s two key listed autonomous ports reported strong business performance last year before the ongoing Covid-19 pandemic which is currently ravaging the transport sector. ...

The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday. ...

The Cambodian Government has put the wheels in motion to create a contract farming law together with the purpose of stabilising agricultural commodity prices. It is also aimed at attracting investors and promoting public, private and producer partnerships in the Kingdom. ...

Despite the COVID-19 pandemic effectively pressing the pause button on many upcoming construction projects in the country, four major solar projects are still on schedule and expected to start generating power to the grid by the end of 2020. ...

Cambodia was recorded as the third largest recipient of Vietnamese investment during the first quarter of this year, according to a report released by the Foreign Investment Agency under the Ministry of Planning and Investment in Vietnam.​ ...

The World Bank has released several urgent recommendations to Cambodia and other countries in the East Asia Pacific, stating governments need to act quickly, cooperatively and at scale to avoid serious financial shock and recession due to the COVID-19 outbreak. ...

Cambodia’s GDP growth this year could drop to its lowest rate in more than a decade, the World Bank projects, with some economic experts warning that the country’s reliance on international markets could slow recovery. ...

Forest rangers from the Battambang provincial Department of Environment have stepped up patrols in light of the increase in wildlife crimes.​ ...

The government said today the state of emergency draft law will be forwarded directly to the National Assembly without the need of the Council of Ministers to approve amid COVID-19 outbreak. ...

The Korea International Cooperation Agency (Koica) will provide $10 million to the Ministry of Education to implement a five-year Home Grown School Feeding project, which will benefit approximately 65,000 students and about 750 farming families. ...