News

CDC: Investment in Kingdom stable

The Council for the Development of Cambodia (CDC) approved four projects, worth a combined $17.4 million, during the first 10 days of February. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-investment-kingdom-stable

Government pledges $2billion fund for economy

The government has announced they have prepared an emergency reserve fund of between $800million and $2billion to aid the Kingdom’s economic recovery in the wake of the COVID-19 outbreak. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50700267/government-pledges-2billion-fund-for-economy

Cambodia no longer one of the cheapest places to live: study

Cambodia’s reputation as one of the cheapest places in the world to live has been called under question, according to a survey conducted by CEOWORLD magazine, a leading business publication. ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50700413/cambodia-no-longer-one-of-the-cheapest-places-to-live-study

Textile manufacturer invests $20 million on expansion programme

TST Group Holding, the Taipei-listed major textile producer, has announced plans to expand its business operations in Cambodia to assist in the current lack of textiles imports because of the Novel Coronavirus. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50698579/textile-manufacturer-invests-20-million-on-expansion-programme

Border Gate improvements planned to boost trade

The Royal Government of Cambodia has unveiled plans to improve facilities at border gates with Thailand and Vietnam in order to ease cross-border transport and boost trade activities.   ...

Khmer Times Staff
https://www.khmertimeskh.com/50698427/border-gate-improvements-planned-to-boost-trade

Aftermath of Chinese Exodus from Sihanoukville

 Over the past few years with the influx of Chinese nationals and Cambodians working in Sihanoukville, landlords have been laughing all the way to the bank through rentals. Locals who visit the city regularly complained about high rentals for hotels, guesthouses and even food. Some ...

Ben Sokhean
https://www.khmertimeskh.com/50697816/aftermath-of-chinese-exodus-from-sihanoukville

Kingdom’s economic growth may be lower than previous prediction

Cambodia’s economic growth in 2020 would not be at the same rate as previously predicted at 6.5 percent, said Prime Minister Hun Sen. ...

Khan Sophirom
https://www.khmertimeskh.com/50695340/kingdoms-economic-growth-may-be-lower-than-previous-prediction

Projects worth millions agreed

The Council for the Development of Cambodia (CDC) yesterday approved six development projects worth in total $677 million. ...

Sok Chan
https://www.khmertimeskh.com/50695073/projects-worth-millions-agreed

Billions of dollars set to boost visitor attractions in Kingdom

The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50693276/billions-of-dollars-set-to-boost-visitor-attractions-in-kingdom

Cambodia faces supply chain crunch, no thanks to COVID-19

Southeast Asian suppliers from Cambodia, Myanmar and  Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half.​ However, these suppliers now face a supply ...

Khmer Times Staff
https://www.khmertimeskh.com/50694492/cambodia-faces-supply-chain-crunch-no-thanks-to-covid-19

Extractive industry to become new economic driver – Ministry

The government last week said the extractive industry is on course to become a main economic pillar. Cambodia’s economic development is mostly driven by the construction, real estate, tourism, garments and agricultural sectors, but the government is working to diversify, with the extractive industry set ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50663802/extractive-industry-to-become-new-economic-driver-ministry/

Kingdom’s development discussed

The National Bank of Cambodia (NBC) and the International Monetary Fund on Thursday held a conference to discuss the next steps in Cambodia’s economic development. ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdoms-development-discussed

World Bank commits $540 million to Cambodia

The World Bank will disburse some $540 million from 2018 to 2021 to finance economic development in Cambodia with a focus on supporting the implementation of the government’s Industrial Development Policy as well as other socio-economic projects. ...

May Kunmakara
http://www.khmertimeskh.com/5073984/world-bank-commits-540-million-cambodia/

Despite Land Loss, Minorities Back Status Quo

Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...

http://www.cambodiadaily.com/elections/despite-land-loss-minorities-back-status-quo-34786/

Cambodia’s Small Businesses Serve as Backbone of Sustainable Economy

Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...

http://asiafoundation.org/in-asia/2013/05/15/cambodias-small-businesses-serve-as-backbone-of-sustainable-economy/

1,000 days to go on Millennium Development Goals

April 5th marks the starting date for the United Nations Development Program (UNDP) and its partners in Cambodia in observing the milestone of 1,000 days to the end of 2015 which is the target date for achieving the Millennium Development Goals (MDGs). “The MDGs ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MzVkZTcwZWRkNjY

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