News

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

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. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

May Kunmakara
https://phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

Manet commits to annual wage increases for workers

While acknowledging that the new minimum wage for factory workers falls short of their expectations, Prime Minister Hun Manet reaffirmed the government’s commitment to providing a yearly increment, however modest. This dedication, he noted, stands in contrast to certain countries that have not granted any ...

Neang Sokunthea
https://phnompenhpost.com/national/manet-commits-annual-wage-increases-workers

Pheaktra, Thai journos to combat ‘fake news’

Minister of Information Neth Pheaktra met with Thai ambassador Cherdkiat Atthakor and a delegation from the Journalists Association of Thailand at the ministry headquarters in Phnom Penh on October 2 to discuss strengthening information cooperation in order to combat misinformation, said a ministry press release. ...

Ry Sochan
https://phnompenhpost.com/national/pheaktra-thai-journos-combat-fake-news

Australia finance NGOs, 49 major community projects

Australia has pledged A$7.9 million ($5 million) to support 26 Australian NGOs in collaboration with Cambodian counterparts, aiming to initiate 49 community projects across all provinces. Australian deputy ambassador Andreas Zurbrugg announced the commitment during the “Australia-Cambodia NGO Consultation 2023”, which saw participation from over 70 ...

Ry Sochan
https://phnompenhpost.com/national/australia-finance-ngos-49-major-community-projects

Electrical exports spark to $2.1B

Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b

Govt to expand meal programme for students

The government plans to further strengthen and expand its programme to provide students across the country with daily meals. ...

Hang Punreay
https://www.khmertimeskh.com/501370974/govt-to-expand-meal-programme-for-students/

Indonesian Ambassador-Designate committed to strengthening ties

While waiting to present his credential to the King Norodom Sihamoni to officialise his appointment, the new ambassador-designate of Indonesia to Cambodia told Khmer Times, in an exclusive and first-ever interview since his arrival, that he is determined to transform Cambodia-Indonesian bilateral relations into one ...

Taing Rinith
https://www.khmertimeskh.com/501370950/indonesian-ambassador-designate-committed-to-strengthening-ties/

Cambodia, Thailand militaries to boost further border cooperation

Cambodian and Thai military officials have agreed on further cooperation to make the border more peaceful so people living there can have a better life now and into the future. ...

Hang Punreay
https://www.khmertimeskh.com/501370968/cambodia-thailand-militaries-to-boost-further-border-cooperation/

PM says jobs are delegated, he won’t interfere in everything

Pledging a non-interference governance model yesterday, Prime Minister Hun Manet called for a collective responsibility to solve national issues and people’s problems. ...

Torn Vibol
https://www.khmertimeskh.com/501370986/pm-says-jobs-are-delegated-he-wont-interfere-in-everything/

Minister affirms alignment of UNICEF Cambodia’s country programme

Minister of Planning has reaffirmed the alignment of UNICEF Cambodia’s Country Programme 2024-2028 with the country’s strategies, plans, and sustainable development goal framework. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371095/minister-affirms-alignment-of-unicef-cambodias-country-programme/

U.S companies to explore investment opportunities in Cambodia

Cambodian Prime Minister Hun Manet said some U.S. companies will soon explore investment opportunities in Cambodia after his recent trip to the U.S. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371073/u-s-companies-to-explore-investment-opportunities-in-cambodia/

Cambodian PM defends the monthly minimum wage for workers

Dr. Hun Manet, Prime Minister of Cambodia, this morning defended the decision on the monthly minimum wage for the garment workers of $204. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371053/cambodian-pm-defends-the-monthly-minimum-wage-for-workers/

Upcoming Government-Private Sector Forum to tackle business and investment challenges

The Government-Private Sector Forum, scheduled to take place in November this year, will address and tackle challenges in businesses and investment and set up strategic drives to boost the economy, said Cambodian Prime Minister Hun Manet. ...

Khmer Times Staff
https://www.khmertimeskh.com/501371086/upcoming-government-private-sector-forum-to-tackle-business-and-investment-challenges/

Foreign ministry holds diplomatic-business friendship golf tournament

The National Institute of Diplomacy and International Relations (NIDIR) of the Ministry of Foreign Affairs and International Cooperation (MFA.IC) organised here at the Garden City Golf Club on Oct. 3 the “Diplomacy-Business Friendship Golf Tournament” under the presidency of Deputy Prime Minister SokChendaSophea, Minister of ...

Khmer Times Staff
https://www.khmertimeskh.com/501371074/foreign-ministry-holds-diplomatic-business-friendship-golf-tournament/

Petrol prices decline, diesel remains steady

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/petrol-prices-decline-diesel-remains-steady

CDC approves investment of $256.56 million, ‘27K new jobs’

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. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-investment-25656-million-27k-new-jobs

AFD boosts MFIs, NBC reports

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/afd-boosts-mfis-nbc-reports

Cambodia-Oz trade dips 8.5%

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). ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-trade-dips-85

Director of the Vietnamese Ministry of Police in Cambodia vows to strengthen cooperation

During a courtesy call at the Ministry of Interior on the afternoon of October 2, 2023, Brigadier General Lev Van Phuong, Director of the Vietnamese Ministry of Police in Cambodia, informed Dr. Sar Sokha, Deputy Prime Minister and Ministry of Interior of the commitment to ...

Khmer Times Staff
https://www.khmertimeskh.com/501370316/director-of-the-vietnamese-ministry-of-police-in-cambodia-vows-to-strengthen-cooperation/

Elderly nursing centres needed

Minister of Social Affairs, Veterans and Youth Rehabilitation Chea Somethy has urged the National Centre for the Support of the Elderly to train senior care providers to have sufficient skills to provide quality and effective care for the elderly in the community. ...

Hang Punreay
https://www.khmertimeskh.com/501370105/elderly-nursing-centres-needed/

Associations welcome minimum wage hike

Associations in the footwear and travel goods sector welcomed the hike in the minimum wage for workers in 2024, saying that this will ensure the sector’s competitiveness and enhance the workers’ living standards. ...

Chea Vanyuth
https://www.khmertimeskh.com/501369455/associations-welcome-minimum-wage-hike/

Freeze on transfer of civil servants between ministries

The Ministry of Civil Service has issued a circular putting a freeze on transfer of civil servants from one institution to another to maintain workflow and stability. ...

Torn Vibol
https://www.khmertimeskh.com/501370103/freeze-on-transfer-of-civil-servants-between-ministries/

Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy

The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501370132/diversification-and-market-access-rcep-positively-impacts-cambodias-economy/

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