News
Letter of Understanding on Implementation of WFP Country Strategic Plan 2024-2028 in Cambodia Signed
The Royal Government of Cambodia and the United Nations World Food Programme (WFP) inked here on Jan. 30 the Letter of Understanding on the Implementation of the WFP Country Strategic Plan 2024-2028 in the Kingdom of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501432038/letter-of-understanding-on-implementation-of-wfp-country-strategic-plan-2024-2028-in-cambodia-signed/
Cambodia, Australia to reinforce cooperation in Banking and Financial sector
Cambodia and Australia are willing to further strengthen their banking and financial cooperation, especially in the field of green finance and financial knowledge. ...
Khmer Times Staff
https://www.khmertimeskh.com/501429861/cambodia-australia-to-reinforce-cooperation-in-banking-and-financial-sector/
CDC, KOICA hold first bilateral meeting in 2024 on development cooperation in Cambodia
The Cambodia Development Cooperation Board of the Council for the Development of Cambodia (CDCB/CDC) and the Korea International Cooperation Agency (KOICA) held here at the CDC’s headquarters on Jan. 25 their “first bilateral meeting in 2024” to boost development cooperation and partnership between the two ...
Khmer Times Staff
https://www.khmertimeskh.com/501429533/cdc-koica-hold-first-bilateral-meeting-in-2024-on-development-cooperation-in-cambodia/
Cambodia’s economy expected to grow 6.4 pct in 2024
The Cambodian economy is projected to grow by 6.4 percent in 2024, up from 5.5 percent in 2023, mainly driven by tourism and manufacturing sector, National Bank of Cambodia (NBC)’s Governor Chea Serey said on Friday. ...
Xinhua
https://www.khmertimeskh.com/501430154/cambodias-economy-expected-to-grow-6-4-pct-in-2024/
Cambodia diversifying into non-garment industry
Cambodia has been diversifying into the industrial sector from garment manufacturing to non-garment manufacturing, using skilled labour and technology in the production chains. ...
Chea Vanyuth
https://www.khmertimeskh.com/501430497/cambodia-diversifying-into-non-garment-industry/
UN provides compensation for Cambodians hurt or slain in missions
The United Nations (UN), through the Ministry of Foreign Affairs and International Cooperation of Cambodia, has provided compensation for peacekeepers wounded or killed for the cause of humanity and peace around the world during missions in Lebanon and Mali. ...
Hang Punreay
https://www.khmertimeskh.com/501431049/un-provides-compensation-for-cambodians-hurt-or-slain-in-missions/
Run Ta Ek residents protest reduction in social allowance
In order to demand that the government restore the amount for ID poor payments, around 400 individuals in Run Ta Ek City staged protests in front of the province and commune halls. ...
Torn Vibol
https://www.khmertimeskh.com/501430485/run-ta-ek-residents-protest-reduction-in-social-allowance/
Cambodia’s banking and financial industry healthy, says NBC
The banking and financial industry has remained strong despite uncertainties on global economic growth causing the bankruptcies of banks in some countries. ...
Chea Vanyuth
https://www.khmertimeskh.com/501429237/cambodias-banking-and-financial-industry-healthy-says-nbc/
Cambodians spend $2.3B annually on beer
Cambodians spend approximately $2.3 billion a year on beer, with the average person drinking about 72 liters of beer annually, causing economic experts to claim that reducing beer consumption could cut spending on public health and security. ...
Meas Molika
https://kiripost.com/stories/cambodians-spend-23b-annually-on-beer
Cambodia receives $17.7B chinese aid
Cambodia has been ranked as the fourth Southeast Asian country to receive aid from China, totalling $17.7 billion, with Indonesia topping the table. ...
Yatt Malai
https://kiripost.com/stories/cambodia-receives-177b-chinese-aid
Tourism, manufacturing, infra development to raise GDP to 6.4% in 2024
Manufacturing, the recovery of Cambodian tourism on the back of regional improvement, and infrastructure development are likely to boost gross domestic product (GDP) growth, projected at 6.4 percent this year, up from 5.5 percent in 2023. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/tourism-manufacturing-infra-development-to-raise-gdp-to-64-in-2024
Calls to urgently review draft alcohol law
The law on Control of Alcohol Products has been in draft for nine years and remains uncertain due to its potential social, economic and political impacts. Experts are now urging the government to accelerate law enforcement on controlling alcohol consumption after recent fatal traffic accidents. ...
Meas Molika
https://kiripost.com/stories/calls-to-urgently-review-draft-alcohol-law
PPAP’s net profit, revenue decline in 2023
Net profit for Phnom Penh Autonomous Port’s (PPAP) financial year ended December 31, 2023 (FY’23) sank 36.2 percent to $9.1 million from $14.3 million a year ago. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/ppaps-net-profit-revenue-decline-in-2023
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
Ministry of Information finalizing protracted access to information draft law
The Ministry of Information is finalizing the long-overdue draft law on the access to information, known as the “A2I draft law”, as highlighted in its work direction for 2024. The draft law is currently being reviewed by the Ministry of Justice, according to documents viewed ...
Seoung Nimol
https://cambojanews.com/ministry-of-information-finalizing-protracted-access-to-information-draft-law/
Prek Takong villagers fear losing land following expiration of a land lease contract
Twenty five families in Prek Takong 1 village of Chak Angreleu commune are concerned about losing their plots of land, which were rented out to the Meanchey district authority to build a temporary sewage canal. ...
Sovann Sreypich
https://cambojanews.com/prek-takong-villagers-fear-losing-land-following-expiration-of-a-land-lease-contract/
Gov’t debt reached $10.7 billion in Q3 last year
The Royal Government of Cambodia (RGC) has a total public debt stock of $10.72 billion by the third quarter (Q3) of 2023 of which 99.5 percent is public external debt and the remaining goes to the public domestic debt, said the Ministry of Economy and ...
Nhean Chamrong
https://www.khmertimeskh.com/501428579/govt-debt-reached-10-7-billion-in-q3-last-year/
GDT nets $75 million from e-commerce
The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501429247/gdt-nets-75-million-from-e-commerce/
Renewable energy to give 70% of power in Cambodia this year
Renewable energy sources will account for nearly 70 percent of Cambodia’s electricity this year, said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, recently. ...
Manoj Mathew
https://www.khmertimeskh.com/501429249/renewable-energy-to-give-70-of-power-in-cambodia-this-year/
Microfinance formed over 30% of Cambodia’s 2022 GDP
Microfinance has grown exponentially in Cambodia and is not as stressed as reported by the international media, according to a study by research firm M-CRIL in partnership with the Cambodia Microfinance Association (CMA). A sector which had only 50,000 clients in 1995, now services 2.1 ...
Rachel.David
https://www.khmertimeskh.com/501429233/microfinance-formed-over-30-of-cambodias-2022-gdp/
PM to hold meeting to review Pentagonal Strategy
Prime Minister Hun Manet is scheduled to chair the Plenary Session of the Council of Ministers, which will be held on February 2, to review the implementation of the seventh mandate government’s Pentagonal Strategy. ...
Soth Koemsoeun
https://www.khmertimeskh.com/501429291/pm-to-hold-meeting-to-review-pentagonal-strategy/
Minister of Environment supports investors who wish to increase employment for local communities
Dr. Eang Sophalleth, Minister of the Environment, fully welcomed and supported investors who wish to increase employment for local communities and help keep Cambodia’s environment clean by investing in renewable energy. ...
Khmer Times Staff
https://www.khmertimeskh.com/501429737/minister-of-environment-supports-investors-who-wish-to-increase-employment-for-local-communities/
Tax collection up 4.49 percent to $3.6 billion
Cambodia increased its tax collection by 4.49 percent year-over-year to $3.6 billion in 2023. We exceeded our target (101.13 percent) with this year’s collection, said the General Department of Taxation (GDT) at the Ministry of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501428582/tax-collection-up-4-49-percent-to-3-6-billion/
Cambodia’s foreign reserves rise to $20 bln in 2023
Cambodia’s international reserves increased to $20 billion in 2023, representing a year-on-year rise of 12.3 percent, the central bank said on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501429536/cambodias-foreign-reserves-rise-to-20-bln-in-2023/