News
Spending on Defense and Security up 17% in 2014
The country’s draft $3.4 billion national budget for 2014 proposes yet another $920 million in new debt to make ends meet, the same amount taken on this year, according to a copy of the spending bill obtained Thursday. The draft budget calls for nearly $400 million—or ...
Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/spending-on-defense-and-security-up-17-in-2014-46747/
Charcoal prices rise in urban areas
Deforestation and Cambodia’s strong economic growth have resulted in an increase in the price of charcoal, an energy source the poor are dependent on, charcoal vendors say. The price of charcoal in Phnom Penh had increased at least 200 riel ($0.05) a kilogram compared to 2012, charcoal ...
http://www.phnompenhpost.com/2013022661597/Business/charcoal-prices-rise-in-urban-areas.html
Major Gap Emerging Between Labor Market and Job Seekers
PHNOM PENH – As more and more Cambodians enter the job market, with a growing population of young people, there still remain plenty of job opportunities with foreign investors at home, according to a new study by the Ministry of Labor. But people either don’t ...
First 10 months of year's exports up 32.9 percent
Exports from Cambodia increased 32.9 percent to $3.7 billion during the first ten months of this year compared to the same period in 2010, according to data released by the Ministry of Commerce yesterday. Milled rice exports saw the biggest increase with a 161.5 percent jump ...
Not enough high-quality jobs, group warns
Cambodia does not have enough productive or high-quality jobs available and most employment is informal, which will prevent Cambodians from rising out of poverty, the International Labor Organization (ILO) said Monday at a workshop in Phnom Penh. To help solve the issues affecting the labor market, ...
Exports Rise, but Value of Goods Remains Weak
Cambodia saw significant percentage gains in regional trade in the first six months of the year, though the gap between imports and exports remained large, according to data released yesterday by the Ministry of Commerce. According to the figures, the country saw regional exports to ...
Business Registrations Up 34% This Year
The number of businesses that registered at the Ministry of Commerce during the first seven months of this year increased 34 percent compared to the same period last year, according to ministry figures released yesterday. According to the data, in the first seven months of ...
Minister urges ties with Asian nations
Cambodia must further integrate with its East Asian neighbours for future economic development, said Minister of Economy and Finance Keat Chhon. The financial crisis highlighted the need to diversify production, and Asia’s markets are ripe for increased Cambodian exports, he said. Speaking at the 7th ...
Economist Say GDP to Reach 8.7%
Cambodia’s economic growth is expected to reach 8.7 percent this year as a result of the growth within the garment sector and the increased prices for agricultural products. The Economic Institute of Cambodia (EIC) has said that the garment industry, including the manufacturing of shoes, ...
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