News

Cambodia’s graduation from LDC set for 2029

Cambodia is expected to see the graduation from the Least Developed Country (LDC) status in 2029, two years longer than previously scheduled 2027. ...

Chea Vanyuth
https://www.khmertimeskh.com/501470296/cambodias-graduation-from-ldc-set-for-2029/

IMF forecasts Cambodia GDP at 6%, but warns of weak US, China growth

Following the pandemic, economic growth has been steady, the International Monetary Fund (IMF) said, with expansion projected at six percent in 2024, from an estimated 5.3 percent last year, thanks to tourism and non-garment exports. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/imf-forecasts-cambodia-gdp-at-6-but-warns-of-weak-us-china-growth

Robust growth predicted for ASEAN+3

Amid strong domestic demand, moderate inflation and continuing improvements in trade, the ASEAN+3 region – encompassing the 10 bloc members and China, Japan and South Korea – is expected to maintain robust economic growth this year despite uncertainties in the global outlook. ...

May Kunmakara
https://www.phnompenhpost.com/business/robust-growth-predicted-for-asean-3

Global economy will slow for a third straight year in 2024, World Bank predicts

That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...

Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts

PM pushes ahead with Cambodia vision 2030

Prime Minister Hun Manet laid out plans for Cambodia to graduate to an upper-middle income country by 2030 and strengthen the nation’s resilience and sustainability beyond then at the Cambodia Outlook Conference 2023. ...

PichBormey Chhim PichBormey
https://kiripost.com/stories/pm-hun-manet-pushes-ahead-with-cambodia-vision-2030

NBC policies help steady Cambodian economy

The role played by the National Bank of Cambodia (NBC) to maintain and control financial condition through various regulatory measures has helped the country to keep inflation under check and economic growth steady despite the global headwinds. ...

Manoj Mathew
https://www.khmertimeskh.com/501377596/nbc-policies-help-steady-cambodian-economy/

ASEAN leaders adopt a number of key documents

The ASEAN Heads of State/Government adopted a number of important documents to boost their economic growth, ensure food security and boost digital economy, at the end of the Plenary Session of the 43rd ASEAN Summit in Jakarta, Indonesia yesterday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501355584/asean-leaders-adopt-a-number-of-key-documents/

ASEAN countries agree to develop sustainable cities

The governors and mayors of cities from ASEAN member countries have signed a joint declaration to foster the development of sustainable, inclusive and resilient cities in the region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501337415/asean-countries-agree-to-develop-sustainable-cities/

Access to finance, rise of the riel and inflation, with CBC

Since its establishment in 2012, Credit Bureau Cambodia (CBC) has helped drive the nation’s economic growth while providing a transparent and responsible lending landscape. This in turn has helped increase investment and access to finance nationwide. ...

Marissa Carruthers
https://kiripost.com/stories/credit-bureau-cambodia-ceo-on-access-to-finance-rise-of-riel-inflation

GDP per capita to swell 8.3% in 2023, Pornmoniroth says

Deputy Prime Minister and Minister of Economy and Finance (MEF) Aun Pornmoniroth said yesterday that Cambodia’s annual economic growth per person or GDP per capita has been forecasted to increase to $1,932 in 2023 from $1,784 in the previous year, even as inflation has been ...

Kang Sothear
https://www.khmertimeskh.com/501312162/gdp-per-capita-to-swell-8-3-in-2023-pornmoniroth-says/

PM predicts 5.6% economic growth

While meeting with nearly 20,000 garment workers from 12 factories in Tram Kak district, Takeo province on June 11, Hun Sen said that Cambodia’s economy grew exponentially in the two decades that preceded the Covid-19 pandemic. ...

Van Socheata
https://www.phnompenhpost.com/national/pm-predicts-56-economic-growth

PM stresses budget allocation to step up economic growth

Prime Minister Hun Sen said future leaders of Cambodia and government institutions must allocate a budget for infrastructure projects that would help expedite economic growth. ...

Kang Sothear
https://www.khmertimeskh.com/501299917/pm-stresses-budget-allocation-to-step-up-economic-growth/

Agriculture remains important for food security and economic growth

Prime Minister Hun Sen has stressed the importance of agriculture sector in ensuring food security despite its decreasing share in the Gross Domestic Product. ...

Khmer Times Staff
https://www.khmertimeskh.com/501291194/agriculture-remains-important-for-food-security-and-economic-growth/

NBC’s Chanto: Kingdom’s growth will hit 6% in 2023

The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...

Rann Reuy
https://www.phnompenhpost.com/national/nbcs-chanto-kingdoms-growth-will-hit-6-2023

Cambodia’s quest for tourism transformation

For the last several years Cambodia’s has been fast-tracking development with once-sleepy beach towns like Sihanoukville turned into bustling cities with more than 70 skyscrapers most built since 2016 with Chinese investment. ...

Khmer Times Staff
https://www.khmertimeskh.com/501274337/cambodias-quest-for-tourism-transformation/

PM praises SMEs’ role in boosting economic growth

Prime Minister Hun Sen said yesterday that the small and medium enterprises (SME) have played an important role in boosting economic growth in Cambodia, generating jobs for people, and contributing to poverty reduction. ...

Chea Vanyuth
https://www.khmertimeskh.com/501271230/pm-praises-smes-role-in-boosting-economic-growth/

Trade and tourism sector, important for economic growth

Cambodian Minister of Commerce has stressed the important role of trade and tourism in the country’s socio-economic development toward inclusive, resilient, and sustainable recovery. ...

Khmer Times Staff
https://www.khmertimeskh.com/501269119/trade-and-tourism-sector-important-for-economic-growth/

Pornmoniroth stresses economic growth, living standards

To enhance competitiveness, economic growth and Cambodian living standards, Minister of Economy and Finance (MEF) Aun Pornmoniroth shared inputs and issued directions to promote public work and the transportation sector at the result summary and work direction conference of the Ministry of Public Work and ...

Hong Sovannary
https://www.khmertimeskh.com/501240201/pornmoniroth-stresses-economic-growth-living-standards/

Cambodia’s economy slated to grow 6% in 2023

Cambodia’s economy is predicted to grow by roughly six percent in 2023 despite global challenges, according to the National Bank of Cambodia (NBC). ...

Mao Sreypich
https://kiripost.com/stories/cambodias-economy-slated-to-grow-6-in-2023

Cambodia’s economy grew 5.5% in 2022, says PM

Prime Minister Hun Sen yesterday announced that Cambodia’s Gross Domestic Product (GDP) grew by 5.5 percent in 2022, while the tax revenue collected from both customs and taxation grew by 2 percent higher than expected. ...

Kang Sothear
https://www.khmertimeskh.com/501212559/cambodias-economy-grew-5-5-in-2022-says-pm/

One year on, RCEP, CCFTA give momentum to Cambodia’s trade growth in post-pandemic era

One year on, the Regional Comprehensive Economic Partnership (RCEP) trade deal and the Cambodia-China Free Trade Agreement (CCFTA) have injected a vital impetus to Cambodia’s trade growth in the post COVID-19 pandemic era, an official and experts said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501208233/one-year-on-rcep-ccfta-give-momentum-to-cambodias-trade-growth-in-post-pandemic-era/

Kingdom’s economy to grow 5.4% in 2023

The Cambodian economy, which is projected to register a growth of 5 percent this year, is set to grow by 5.5 percent in 2023, according to the 2022 Annual Consultation Report on Cambodia published by the ASEAN+3 Macroeconomic Research Office (AMRO) yesterday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501206727/kingdoms-economy-to-grow-5-4-in-2023/

Cambodia says Chinese vaccines helped to bring COVID-19 pandemic under control

Cambodian officials and scholars on Wednesday extended their gratitude to China for its supply of COVID-19 vaccines to the kingdom from the early days of the pandemic, saying that the jabs have protected lives and reinvigorated economic growth. ...

Khmer Times Staff
https://www.khmertimeskh.com/501207017/cambodia-says-chinese-vaccines-helped-to-bring-covid-19-pandemic-under-control/

World Bank says Cambodia’s economy on recovery path, forecast 4.8 percent GDP growth for this year

Cambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released yesterday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501198797/world-bank-says-cambodias-economy-on-recovery-path-forecast-4-8-percent-gdp-growth-for-this-year/

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