News

Sluggish industry growth affects Cambodia’s economic outlook as improved tourism recovery expected to boost Cambodian exports

The Asian Development Bank (ADB) has lowered its economic growth forecast for Cambodia to 5.3 percent, down from the earlier prediction of 5.5 percent. The main reason for this revision is the slower-than-expected growth in the industrial sector. This information was included in the ADB’s ...

Khmer Times Staff
https://www.khmertimeskh.com/501363717/sluggish-industry-growth-affects-cambodias-economic-outlook-as-improved-tourism-recovery-expected-to-boost-cambodian-exports/

Vietnam, Laos, and Cambodia boost ties in scientific research

Chairman of Ho Chi Minh City People’s Committee Phan Van Mai received Dr Sonethanou Thammavong, President of the Lao Academy of Social and Economic Sciences, and Sok Touch, President of the Royal Academy of Cambodia, in the city on September 19. ...

Khmer Times Staff
https://www.khmertimeskh.com/501363840/vietnam-laos-and-cambodia-boost-ties-in-scientific-research/

FAO says Cambodian wholesale rice prices stable or higher last month

Wholesale rice prices in Cambodia were stable or rising last month despite surges in Thailand and Vietnam, the Food and Agricultural Organization of the United Nations (FAO) said Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501363731/fao-says-cambodian-wholesale-rice-prices-stable-or-higher-last-month/

ASEAN ties seen as key to the region

More efforts are needed to enhance cooperation between China and the Association of Southeast Asian Nations in industrial and supply chains for accelerated regional development, government officials and industry experts said during the 20th China-ASEAN Expo, or CAEXPO. ...

Khmer Times Staff
https://www.khmertimeskh.com/501363724/asean-ties-seen-as-key-to-the-region/

Cabinet approves draft legal documents, nat’l strategy

The Council of Ministers or the Cabinet for the seventh legislature of the National Assembly yesterday approved three legal documents, one national strategy and two reports during its second plenary session, presided over by Prime Minister Hun Manet at the Peace Palace, said a senior ...

Kang Sothear ​​
https://www.khmertimeskh.com/501363709/cabinet-approves-draft-legal-documents-natl-strategy/

Canada promises info sharing, strengthened military cooperation

The militaries of Canada and Cambodia have demonstrated their willingness to strengthen ties and share experiences, according to General Vong Pisen, Commander-in-Chief of the Royal Cambodian Armed Forces (RCAF). ...

Samban Chandara
https://www.phnompenhpost.com/national/canada-promises-info-sharing-strengthened-military-cooperation

Turkish delegation to arrive next week

A high-level delegation from Turkiye is set to visit Phnom Penh for an official visit, aimed at strengthening ties between the two countries, particularly in the area of trade. Their arrival is expected next week, although no exact date has been specified. ...

Van Socheata
https://www.phnompenhpost.com/national/turkish-delegation-arrive-next-week

Nearly 30,000 firms with $8.6B capital register on OBRS

Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs

Cambodia’s garment sector struggles with external headwinds: AMRO

Cambodia is seeing a notable recovery in its economy with a strong bounce back in the service sectors. However, the manufacturing sector, primarily the garment industry, finds itself grappling with external pressures. ...

Khmer Times Staff
https://www.khmertimeskh.com/501363482/cambodias-garment-sector-struggles-with-external-headwinds-amro/

Fresh Cambodian coconuts, Venezuelan avocados approved to enter China

Chinese customs authorized imports of fresh coconuts from Cambodia and fresh avocados from Venezuela starting on Monday, according to a notice by China’s General Administration of Customs (GAC). ...

Khmer Times Staff
https://www.khmertimeskh.com/501363495/fresh-cambodian-coconuts-venezuelan-avocados-approved-to-enter-china/

France to boost cooperation on further developing rural sector

France has promised to strengthen bilateral cooperation with Cambodia further in rural development, among other sectors, according to its chief envoy to Cambodia. ...

Taing Rinith
https://www.khmertimeskh.com/501363160/france-to-boost-cooperation-on-further-developing-rural-sector/

Cambodia plans to increase export of milled rice to China by 20%

Cambodia is planning to increase its milled rice exports to China by 20 percent, Prime Minister Hun Manet said yesterday dismissing critics who are sceptical about the increasing bilateral trade ties between both nations. ...

Nhean Chamrong
https://www.khmertimeskh.com/501363031/cambodia-plans-to-increase-export-of-milled-rice-to-china-by-20/

PM’s US trip aims to attract investors

Prime Minister Hun Manet will travel to the US this week and the visit is expected to attract more American investors and businessmen to Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501363030/pms-us-trip-aims-to-attract-investors/

NBC Governor joins Vaduz Roundtable Forum on “Financial System 2023”

Governor of the National Bank of Cambodia (NBC) Dr. Chea Serey participated in the Vaduz Roundtable Forum on “Financial System 2023” in Vaduz, Liechtenstein, late last week, to share NBC’s experience in financial system improvement. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362734/nbc-governor-joins-vaduz-roundtable-forum-on-financial-system-2023/

Koh Ker events a celebration of national prestige

The Ministry of Culture and Fine Arts is set to host a major celebration on the evening of September 20 to mark the addition of Koh Ker archaeological site to UNESCO’s World Heritage List on September 17. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/koh-ker-events-celebration-national-prestige

Wife of Environment Ministry Secretary of State denies knowledge of alleged online scam gang renting her building

The wife of an Environment Ministry secretary of state denied knowledge of an alleged online scam gang inside a Phnom Penh apartment complex owned by her company. ...

Khuon Narim
https://cambojanews.com/wife-of-environment-ministry-secretary-of-state-denies-knowledge-of-alleged-online-scam-gang-renting-her-building/

Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year

Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/

Drop in dropouts: Ministry’s efforts to increase enrollments paying off

The Ministry of Education, Youth and Sport’s efforts to reduce the school dropout rate is paying dividends with an increase in the number of students who will be sitting for the upcoming Junior High School examinations. ...

Torn Vibol
https://www.khmertimeskh.com/1363025/drop-in-dropouts-ministrys-efforts-to-increase-enrollments-paying-off/

Cambodia and China sign 15 MoUs and pledge mutual support

During Prime Minister Hun Manet’s first official visit to Beijing, the two nations signed 15 Memorandums of Understanding (MoU) as part of a mutual pledge to further strengthen bilateral ties. ...

Prak Chan Thul
https://kiripost.com/stories/cambodia-and-china-sign-15-mous-and-pledge-mutual-support

Capital Gains Tax takes effect Jan 1, 2024 onwards

After being postponed three times, the Capital Gains Tax (CGT) will be implemented starting Jan 1, 2024, said Kong Vibol, director-general of the General Department of Taxation (GDT) on September 15. ...

: Chhorn Raksmey
https://kiripost.com/stories/capital-gains-tax-takes-effect-jan-1-2024-onwards

Financial stability linked to monetary policy, says Chea Serey

The financial stability of a country is linked to its monetary policy, said Chea Serey, Governor of the National Bank of Cambodia, yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501362332/financial-stability-linked-to-monetary-policy-says-chea-serey/

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