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Skills for future economy project to be okayed by 2023: ADB

ADB will support the Skills for Future Economy Sector Development Program in Cambodia, said a top official of the bank. The bank is the leading development partner in the technical and vocational education and training (TVET) sector. ...

Sok Sithika
https://www.khmertimeskh.com/501156974/skills-for-future-economy-project-to-be-okayed-by-2023-adb/

COVID-19 vaccines boost Cambodia’s economic growth: PM

Covid-19 vaccines have helped boost Cambodia’s economic recovery and growth since last November, the country’s Prime Minister Hun Sen said on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501135168/covid-19-vaccines-boost-cambodias-economic-growth-pm/

Cambodia’s economic recovery takes a knock with prevailing oil price shock

Cambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of COVID-19-related restrictions. ...

Khmer Times Staff
https://www.khmertimeskh.com/501105585/cambodias-economic-recovery-takes-a-knock-with-prevailing-oil-price-shock/

Cambodia’s industry is expected to grow by 9.2 percent in 2023

The Cambodian industry is expected to grow by 9.2 per cent in 2023 with support from improved external demand that help boost garment and non-garment manufacturing, while the garment sector is expected to grow by 8.1 per cent in that year due to demand in ...

Khmer Times Staff
https://www.khmertimeskh.com/501100710/cambodias-industry-is-expected-to-grow-by-9-2-percent-in-2023/

Cambodia’s GDP to grow at 5% in 2022, but inflation threat looms large

Cambodia’s economy is expected to grow at around five percent this year as against three percent last year, but the inflationary pressures being witnessed across the world can cut into the purchasing power of the country’s households as well, said the Financial Stability Report 2021, ...

Manoj Mathew
https://www.khmertimeskh.com/501097032/cambodias-gdp-to-grow-at-5-in-2022-but-inflation-threat-looms-large/

COVID-19 crisis pushes Cambodia’s economy to negative growth for the first time, says Ministry

As the global economy continues to reel from the compounded crises of Covid-19 and Ukraine-Russia, Cambodia has not been able to go through them unaffected. The Covid-19 crisis has pushed Cambodia’s economy to negative growth for the first time in 2020 due to a sharp ...

Khmer Times Staff
https://www.khmertimeskh.com/501097431/covid-19-crisis-pushes-cambodias-economy-to-negative-growth-for-the-first-time-says-ministry/

Economic growth projected at 4.8 percent in 2022

Cambodia’s economic growth is projected to see robust growth next year because of economic recovery resulting from the government’s Covid-19 vaccination programmme. ...

Chea Vanyuth
https://www.khmertimeskh.com/50918131/economic-growth-projected-at-4-8-percent-in-2022-deputy-pm/

Investment in construction crumbles under pandemic

The global health crisis caused by the Covid-19 outbreak has dragged down investment in the Cambodian construction sector, which had shown positive signs for several years in a row. ...

Hin Pisei
https://www.phnompenhpost.com/post-property/investment-construction-crumbles-under-pandemic

Kingdom set to diversify economy as Covid bites

Cambodia is moving towards developing non-textile industries with a policy calling for sustainable growth and economic diversification. To ensure progress, the government will continue implementation of the Cambodia Industrial Development Policy 2015-2025, said a press release on the results of a Cabinet meeting chaired by Prime ...

Thou Vireak
https://www.phnompenhpost.com/business/kingdom-set-diversify-economy-covid-bites

Kingdom casts it export net wider to mitigate exit of major US and EU markets

Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. ...

Harrison White
https://www.khmertimeskh.com/50712402/kingdom-casts-it-export-net-wider-to-mitigate-exit-of-major-us-and-eu-markets/

Cambodia faces further economic headwinds with AMRO downgrading economic growth to 2.7 Percent

The ASEAN+3 Macroeconomic Research Office (AMRO), in its release revealed the shared common situation of the ASEAN + 3 nations economic growth prospects for this and next year amid headinds caused by the Covid-19 pandemic. ...

Khmer Times Staff
https://www.khmertimeskh.com/50710810/cambodia-faces-further-economic-headwinds-with-mro-downgrading-economic-growth-to-2-7-percent/

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

PM: Economic growth hampered by Covid-19

Prime Minister Hun Sen on Tuesday reiterated that the Kingdom’s projected economic growth of 6.5 per cent will be hit hard by the Coronavirus outbreak, and not because of the EU’s partial withdrawal of the ‘Everything But Arms’ (EBA) scheme. ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/pm-economic-growth-hampered-covid-19

Growth forecast falls to 6.5% as gov’t eyes more exports to US

The government downgraded its economic growth forecast for this year to 6.1 per cent from its earlier 6.5 per cent projection, Ministry of Economy and Finance undersecretary of state Phan Phalla said on Thursday. Speaking at a public forum on Macroeconomic Management and Budget Law ...

May Kunmakara
https://www.phnompenhpost.com/business/growth-forecast-falls-65-govt-eyes-more-exports-us

PM: ‘Peace and stability the bedrock of growth’

Prime Minister Hun Sen, speaking to thousands of Cambodian People’s Party faithful who had congregated on Koh Pich to commemorate the 41st Victory Day on Tuesday, said peace and political stability was the bedrock of Cambodia’s 7.1 per cent economic growth. Low inflation, a stable ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-peace-and-stability-bedrock-growth

Executive outlook for 2020

Despite internal and external challenges, the Cambodian economy reached even greater heights last year, with the government reporting economic growth of 7.1 per cent – the highest in the Asean region. However, China-US trade tensions and protectionist policies remain obstacles, with the government forecasting 6.5 ...

May Kunmakara
https://www.phnompenhpost.com/business/executive-outlook-2020

Hun Sen: Kingdom’s economy to grow 7.1%

Cambodia’s economic growth is projected at 7.1 per cent this year or about $24 billion thanks to the good performance of the industrial sector that is creating strong domestic revenue. Speaking at the graduation ceremony of Cambodia University of Specialties on Wednesday, Prime Minister Hun ...

Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-kingdoms-economy-grow-71

Subsidies spark cheaper energy

Cambodia plans to spend more than $100 million on subsidies by 2021 to reduce electricity tariffs in a move to spur economic growth and relieve the financial burden on businesses and households, a senior government official said. Electricite du Cambodge (EdC) director-general Keo Ratanak told reporters ...

Thou Vireak
https://www.phnompenhpost.com/business/subsidies-spark-cheaper-energy

Ministry says economic growth has benefitted people equitably

The strong economic growth Cambodia has experienced in the last few decades has benefitted everyone and created opportunities for all, a high-ranking government official said yesterday. ...

Chea Vannak
https://www.khmertimeskh.com/50665228/ministry-says-economic-growth-has-benefitted-people-equitably/

National economy experiencing robust growth: WB

The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018.​ ...

Sok Chan
https://www.khmertimeskh.com/50664637/national-economy-experiencing-robust-growth-wb/

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