News

Cambodia gets ADB’s helping hand in transition to cleaner energy

Cambodia’s demand for electricity is increasing each year and the country is not only committed to sustaining their economic competitiveness and growth but also is eager to reduce its carbon dioxide emissions in the energy sector by 16% by 2030 as it transitions to cleaner ...

Khmer Times Staff
https://www.khmertimeskh.com/501167822/cambodia-gets-adbs-helping-hand-in-transition-to-cleaner-energy/

ADB retains Cambodia’s growth forecast at 5.3 percent in 2022 and 6.2 percent in 2023, down by 0.3 percent

The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on ...

Khmer Times Staff
https://www.khmertimeskh.com/501155788/adb-retains-cambodias-growth-forecast-at-5-3-percent-in-2022-and-6-2-percent-in-2023-down-by-0-3-percent/

ADB urged to help upgrade R&D ‘skills for future economy’ in Cambodia

The Asian Development Bank is engaged in developing a new project called ‘Skills for Future Economy’ with the purpose of improving the industry in Cambodia, according to a senior officer of the Royal Government of Cambodia. ...

Sok Sithika
https://www.khmertimeskh.com/501147792/adb-urged-to-help-upgrade-rd-skills-for-future-economy-in-cambodia/

93% Cambodia workers in informal sector: ADB

The International Labour Organization (ILO) estimates that as many as 93% of those who are employed in Cambodia are part of the informal economy, while the share in Myanmar and Indonesia, two other Southeast Asian countries, is as high as 85%. ...

Manoj Mathew
https://www.khmertimeskh.com/501076646/93-cambodia-workers-in-informal-sector-adb/

Cambodia defies global crisis

Cambodia’s economic performance this year has been heartening despite the global economic slowdown, especially the chaos caused in Europe by the sovereign-debt crisis and the sluggish recovery of the US economy. In October, the International Monetary Fund revised its world growth projections to 3.3 per cent ...

http://www.phnompenhpost.com

ADB Report Says Cambodia Must Train More Skilled Workers

Cambodia is in need of more skilled workers in order for the economy to grow and move beyond basic manufacturing jobs, the Asia Development Bank (ADB) said in a new report. “The skills demand in Cambodia is for low-skilled workers, and this demand reinforces the current ...

http://www.cambodiadaily.com

Cambodian Economy Hurt by Land Evictions

Kratie province – Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. Next week’s visit by Barack Obama, the fist by a U.S. ...

http://www.cambodiadaily.com

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