The Phnom Penh Post

Retail petrol prices have experienced a slight decrease after reaching their highest levels in a year, with regular gasoline now at 4,550 riel per litre, down from 4,750 riel in the previous 10 days. Diesel prices remain unchanged at 4,850 riel per litre. ...

The Council for the Development of Cambodia (CDC) approved 26 private ventures in September, totalling an investment of $256.65 million, projected to create 27,262 jobs. ...

National Bank of Cambodia (NBC) governor Chea Serey has lauded the French government for its pivotal role in the expansion of the Kingdom’s financial industry, particularly its robust growth in the microfinance sector. ...

Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). ...

The Ministry of Tourism reported a surge in foreign tourist arrivals in Cambodia for the first eight months of 2023. Over 3.5 million international visitors were recorded, marking a 250.8 per cent increase compared to the same period last year. A significant 84.7 per cent ...

The Mekong River Commission (MRC) took an important step towards creating a fund to aid residents most affected by climate change, combined with water infrastructure development, at the 56th meeting of the MRC joint committee in the Laotian capital Vientiane, on September 27. ...

Following the labour ministry’s announcement of a 2024 minimum wage set at $204 per month, the employers’ association has voiced their support, while trade union representatives and civil society organisations (CSOs) expressed their disappointment. ...

US ambassador to Cambodia W Patrick Murphy October 2 met for talks with Minister of Information Neth Pheaktra, with both sides committing to strengthen cooperation in the information sector in the interests of both nations. ...

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. ...

The government has disbursed $913.8 million concessional loans in the first half of 2023, which is an increase of 11 per cent compared to the same period in 2022, the Ministry of Economy and Finance announced. ...

The global economic crisis has reduced Cambodia’s latex export earnings to $273.4 million in the first eight months of 2023, according to the Ministry of Agriculture, Forestry and Fisheries’ General Department of Rubber (GDR). ...

The Extraordinary Chambers in the Courts of Cambodia (ECCC), commonly known as the Khmer Rouge tribunal, inaugurated a purpose-built resource centre on September 27. ...

The minimum wage for factory workers in the garment, footwear and travel goods industries for 2024 has been decided at $204 per month, with the government contributing $2. ...

Thailand’s newly appointed prime minister Srettha Thavisin has arrived in Cambodia for a one-day visit. The trip marks his first visit to an ASEAN country since taking office and aims to enhance bilateral trade and investment. ...

The Ministry of Interior is in the process of reviewing a draft memorandum of understanding (MoU) which focuses on law enforcement cooperation with its Nigerian counterparts. ...

A national prayer ceremony is set to take place at the Koh Ker temple complex to mark the recent inscription of the archaeological site in UNESCO’s World Heritage List, according to the National Authority for Preah Vihear (NAPV). ...

Newly-minted Minister of Tourism Sok Soken is implementing a new tourism strategy and action plan called “BUILD Plus 3Ds” to propel tourism development in Cambodia after being hit hard by Covid-19, and further compounded by the ongoing Russia-Ukraine war, which is impacting travel expenditure. ...

Hong Kong investors are keen to explore investment opportunities in Cambodia and have pledged to introduce business potentials created by Cambodia’s new investment law and its sub-decrees to their colleagues back home. ...

A senior education official has announced plans to introduce the New Generation School (NGS) curriculum in eight additional public schools across Phnom Penh and various provinces thanks to a partnership with the East Asia Management University (EAMU). ...

The Ministry of Environment and Wildlife Alliance have reaffirmed their commitment to intensify collaborations, working towards bolstering environmental protection through the implementation of a circular strategy. ...

Cambodia has received $140 million in loans from the Asian Development Bank (ADB) to boost labour development to transform the country into a technology-driven, knowledge-based industrial economy while enhancing public service delivery by local administrations through public finance and decentralisation reforms. ...

A Cambodian firm intends to export more than 1,000kg of live lobsters to China, after its previous test runs proved the product had garnered “substantial market support”. ...

Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...

The SERC was established on October 19, 2007 under “Preah Reach Kram No. NS/RKM/1007/028”, which promulgated the “Law on the Issuance and Trading of Non-Government Securities”, as the sole authority to regulate, monitor and develop the securities sector in the Kingdom. ...