News

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. ...

Cambodia has been ranked as the fourth Southeast Asian country to receive aid from China, totalling $17.7 billion, with Indonesia topping the table. ...

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. ...

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. ...

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. ...

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. ...

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 ...

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. ...

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 ...

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. ...

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. ...

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 ...

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. ...

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. ...

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. ...

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. ...

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 ...

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. ...

Cambodia and Vietnam are committed to robust collaboration, particularly in combating drugs and transnational crime.  ...

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 ...

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. ...

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. ...

A Cambodian delegation led by Hang ChuonNaron, Deputy Prime Minister and Minister of Education, Youth, and Sports, attended the 3rd G77 Summit on Jan. 21-22 in Kampala, Uganda, under the theme of “Leaving No One Behind”. ...

Cambodian mangoes are gaining popularity across Russian markets offering a boost to the Kingdom’s agricultural sector, according to a representative of an agriculture firm that exports Cambodian mangoes to Russia and Central Asia. ...