The Phnom Penh Post

Agriculture now 22 per cent of GDP

Despite being challenged by natural disasters, climate change and global crises, agriculture sector contributed about 22 per cent of Cambodia’s gross domestic product (GDP) in 2023, according to Minister of Agriculture, Forestry and Fisheries Dith Tina. ...

Van Socheata
https://www.phnompenhpost.com/national/agriculture-now-22-per-cent-of-gdp

Cambodia, World Bank enhance co-op

Prime Minister Hun Manet and Mariam Sherman, the World Bank (WB) country director for Cambodia, Myanmar and Laos, are dedicated to advancing human capital and enhancing six key sectors in Cambodia. These sectors encompass education, health, agriculture, digital technology, the environment and climate change. ...

Samban Chandara
https://www.phnompenhpost.com/national/cambodia-world-bank-enhance-co-op

Manet pledges ongoing protection for Tonle Sap

Prime Minister Hun Manet has committed to the continued protection of the Tonle Sap Lake, while also reiterating the government’s measures to support Cambodian farmers. ...

Sok Raksa
https://www.phnompenhpost.com/national/manet-pledges-ongoing-protection-for-tonle-sap

Cambodia actively seeking direct investment for SME sector growth

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. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-actively-seeking-direct-investment-for-sme-sector-growth

Agriculture ministry cast light on 2023 achievement

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. ...

Sok Raksa
https://www.phnompenhpost.com/national/agriculture-ministry-cast-light-on-2023-achievement

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

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

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

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-

Siem Reap forces targeting illegal fishing practices

The Siem Reap provincial authority, in collaboration with the Fisheries Administration’s (FiA) provincial cantonment, has initiated a campaign to inspect and address crimes in all fishing territories along Tonle Sap Lake. The campaign aims to educate fishermen about the prohibition of illegal fishing gear. ...

Chea Sokny
https://www.phnompenhpost.com/national/siem-reap-forces-targeting-illegal-fishing-practices

Online business registration system surpasses $10 billion

The total capital of businesses enrolled through the Online Business Registration System (OBRS) via IT Platform phase I – commonly known as Single Portal – had reached almost $10 billion as of January 22, with the number of listed companies increasing to over 32,000, official ...

Hin Pisei
https://www.phnompenhpost.com/business/online-business-registration-system-surpasses-10-billion

Trade with Singapore grows, exceeds $900M

The total value of trade between Cambodia and Singapore amounted to almost $920 million in 2023, marking an increase of over 7% compared to the previous year. Imports from the city-state represented a substantial 94% of the figure, according to the General Department of Customs ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-with-singapore-grows-exceeds-900m

Jewellery exports hit $851M in ‘23; exhibition upcoming

Cambodia garnered over $851 million from the export of jewellery and precious stones to the international market in 2023, represents a surge of 261% increase compared to 2022, as per the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/jewellery-exports-hit-851m-in-23-exhibition-upcoming

Minister highlights tech’s role in growth

Minister of Education, Youth and Sport Hang Chuon Naron highlights the crucial role of science, technology and innovation in promoting people’s well-being, as well as development and sustainable economic growth. ...

Kim Yutharo
https://www.phnompenhpost.com/national/minister-highlights-tech-s-role-in-growth

Gov’t bonds reduce foreign borrowing

Since the government, through the Ministry of Economy and Finance, started issuing sovereign bonds in September 2022, they have emerged as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development. ...

May Kunmakara
https://www.phnompenhpost.com/post-in-depth/gov-t-bonds-reduce-foreign-borrowing

Hun Sen calls for ASEAN multilateralism

Former Prime Minister Hun Sen, president of the Cambodian People’s Party (CPP), appealed to his ASEAN and Russian counterparts to communicate with all sides in order to uphold regional peace, stability and development, in the face of competition between superpowers.  ...

Samban Chandara
https://www.phnompenhpost.com/national/hun-sen-calls-for-asean-multilateralism

Cultural tradition: Tree ordination in Prey Lang

Members of the Kuoy ethnic minority, part of the Prey Lang community network (PLCN) spanning Kratie, Stung Treng, Preah Vihear and Kampong Thom provinces, will perform a tree ordination ceremony next month. This annual event commemorates forests, accompanied by heartfelt prayers for their protection and ...

Chea Sokny
https://www.phnompenhpost.com/national/cultural-tradition-tree-ordination-in-prey-lang

Ministry, ADB prioritise water access, rural sanitation

The Asian Development Bank (ADB) is working in close collaboration with the Ministry of Rural Development on transport infrastructure, water supply and sanitation. ...

Chea Sokny
https://www.phnompenhpost.com/national/ministry-adb-prioritise-water-access-rural-sanitation

France grant major loans to boost Cambodia’s growth, development

France, through its development agency AFD, will provide sovereign loans of over $230 million to support Cambodia’s economic growth and human resource development. ...

May Kunmakara
https://www.phnompenhpost.com/national/france-grant-major-loans-to-boost-cambodia-s-growth-development

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