Cambodia, World Bank enhance co-op

Prime Minister Hun Manet and Mariam Sherman, the World Bank (WB) country director for Cambodia, Myanmar and Laos, are dedicated to advancing human capital and enhancing six key sectors in Cambodia. These sectors encompass education, health, agriculture, digital technology, the environment and climate change. ...

Samban Chandara

UN official sees Cambodia’s plunged poverty rate as positive step towards LDC graduation

Cambodia’s remarkable decline in poverty rate is a positive step towards the Southeast Asian country’s graduation from the Least Developed Country (LDC) status, a United Nations official said on Tuesday. ...

Khmer Times Staff

SMEs to generate at least 1 million more jobs

Prime Minister Hun Sen expressed his hope that SMEs will further absorb at least 1 million workforces as the Royal Government is preparing to provide scholarships to 1.5 million students for vocational training. ...

Khmer Times Staff

SMEs continue to play an important role in the Cambodian economy

Small and medium enterprises (SME) contribute 98 percent of all businesses in Cambodian and contribute about 58 percent of the kingdom’s GDP. ...

Khmer Times Staff

Battambang’s per capita income rises to $1,760 in five years

Battambang province, located in the northwest of the country, has developed a lot in the last five years. The province today has mines and economic zones with large factories and enterprises, according to a brief report on the Battambang Provincial Administration’s success in the past ...

Sok Sithika

Hong Kong eyes Cambodia as prime business partner

In a meeting with Cambodian business sector representatives, Hong Kong Secretary for Commerce and Economic Development, Algernon Yau, promoted Hong Kong’s business opportunities. ...

Khmer Times Staff

Entrepreneurship, Start-ups and Innovation Knowledge Lab launched

The Economic Research Institute for ASEAN and East Asia, in partnership with the Asian Network, launched last week a new ERIA initiative to promote inclusive economic development through entrepreneurship and innovation across ASEAN and East Asia: the E-S-I Knowledge Lab. ...

Khmer Times Staff

ADB lends $ 82 million to improve national roads in two provinces to boost economic development

Asian Development Bank (ADB) has approved a $ 82 million loan to improve 48 km of national and provincial roads in Prey Veng and Kandal provinces to promote economic development through the Greater Mekong Subregion Economic Corridor.   ...

Ry Sochan

Multi-purpose port for Kep province

A multi-purpose port is in the pipeline to be built in Kep province that will serve the tourism sector as well as a maritime seaport that will boost the economy and development sector of the province. ...

Chea Vanyuth

Sihanoukville: Returning Chinese mark a sign of a business rebound

The Kingdom’s coastal Sihanoukville, where Chinese nationals national dominated nearly a half of businesses  before the COVID-19 outbreak, is seeing economic activity gradually rebound after   Middle Kingdom’s investors and workers started to return to the province as pandemic fears ease.​ ...

Sorn Sarath

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

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

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

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

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

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

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

Projects worth millions agreed

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

Sok Chan

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

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

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

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

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

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