News

Cambodia’s increasing business registration reflects economic recovery

The Ministry of Commerce registered 10,701 new companies and enterprises in 2022, up 40 percent from 2021, reflecting Cambodia’s post pandemic economic recovery, said a report of the Ministry of Commerce released earlier this week. ...

Khmer Times Staff
https://www.khmertimeskh.com/501231414/cambodias-increasing-business-registration-reflects-economic-recovery/

Cambodia, Laos, Myanmar and Vietnam to grow stronger this year, says Thai bank

The Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. ...

Khmer Times Staff
https://www.khmertimeskh.com/501231435/cambodia-laos-myanmar-and-vietnam-to-grow-stronger-this-year-says-thai-bank/

Cambodia’s National Bank says banking system plays active role in continuing to support economic recovery

The National Bank of Cambodia (NBC) said the banking system has played an active role in continuing to support the economic recovery by continuing to provide appropriate financial services to meet economic needs. ...

Khmer Times Staff
https://www.khmertimeskh.com/501218507/cambodias-national-bank-says-banking-system-plays-active-role-in-continuing-to-support-economic-recovery/

Foreign tourists to reach 3m in 2023

Tourism leaders remain confident the sector will further rebound in 2023, attracting three million international arrivals. ...

Chhorn Raksmey
https://kiripost.com/stories/foreign-tourists-to-reach-3m-in-2023

Dialogue eyes key role of youth in RCEP region’s growth

Investing in and empowering young people is vital for members of the Regional Comprehensive Economic Partnership free trade pact to shore up sustained growth and accelerate global economic recovery amid the ravaging COVID-19 pandemic, leading scholars and media executives said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501208269/dialogue-eyes-key-role-of-youth-in-rcep-regions-growth/

WB allots $274M for recovery

Cambodia is set to receive a $274 million credit from the World Bank (WB) “to promote a resilient recovery from the recent economic shocks” stemming from ongoing geopolitical competition among major powers and the Covid-19 crisis, more than two years on from the start of ...

May Kunmakara
https://www.phnompenhpost.com/business/wb-allots-274m-recovery

Cambodia calls for stronger regional ties

Prime Minister Hun Sen called for enhanced cooperation among countries in the region to achieve a sustainable economic recovery in a speech delivered on Sunday at a forum where experts also highlighted the benefits of green and digital transitions. ...

Khmer Times Staff
https://www.khmertimeskh.com/501150455/cambodia-calls-for-stronger-regional-ties/

ASEAN Economic Club opens with call for inclusive and sustainable recovery

Cambodian Prime Minister Hun Sen launched the ASEAN Economic Club at a forum on Sept 12 with a call for enhanced cooperation among regional countries for sustainable and inclusive economic recovery. ...

Khmer Times Staff
https://www.khmertimeskh.com/501149786/asean-economic-club-opens-with-call-for-inclusive-and-sustainable-recovery/

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/

Tourism sector moves toward recovery with more 300,000 tourists recorded last weekend

Following the celebration and influx of tourists during the Khmer New Year, Cambodia has recorded an increase in weekly tourists last weekend, as the country moves toward the recovery of its tourism sector. ...

Khmer Times Staff
https://www.khmertimeskh.com/501064160/tourism-sector-moves-toward-recovery-with-more-300000-tourists-recorded-last-weekend/

Khmer New Year celebration lifts economic recovery hopes

Cambodia ended last week’s three-day holiday of Khmer New Year, when 4.58 million people toured nationwide, a positive move benefiting local tourism-related businesses that have been recovering from the Covid-19 pandemic. ...

Chea Vanyuth
https://www.khmertimeskh.com/501059254/khmer-new-year-celebration-lifts-economic-recovery-hopes/

Chinese vaccines save lives, drive economic recovery in Cambodia

Chinese COVID-19 vaccines have not only protected lives and stabilized the health system, but also helped boost economic recovery in Cambodia, officials and experts said Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501042110/chinese-vaccines-save-lives-drive-economic-recovery-in-cambodia/

World Bank gives key recommendations for Cambodia’s economic recovery

The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...

Khmer Times Staff
https://www.khmertimeskh.com/501016942/world-bank-gives-key-recommendations-for-cambodias-economic-recovery/

Government continues recovery measures against COVID-19 impacts

The Royal Government continues measures to mitigate the socio-economic fallouts of the COVID-19 pandemic and to support businesses to get back on track for the recovery stage. ...

Khmer Times Staff
https://www.khmertimeskh.com/50961812/government-continues-recovery-measures-against-covid-19-impacts/

WHO in Cambodia says high vaccination coverage provides good basis for reopening of economy

The World Health Organization (WHO) representative in Cambodia said that Cambodia’s high vaccination coverage provides a good basis for reopening the economy and society safely and responsibly. ...

Khmer Times Staff
https://www.khmertimeskh.com/950006/who-in-cambodia-says-high-vaccination-coverage-provides-good-basis-for-reopening-of-economy/

New digital push for MSMEs

The Ministry of Posts and Telecommunications, Australian Agency for International Development (AusAID), and the UN Development Programme (UNDP) on August 18 launched an open joint effort to build an inclusive digital ecosystem aimed at sparking the development of a robust post-Covid-19 economy. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-digital-push-msmes

2021-23 plan for economic recovery on way: minister

Cambodia is getting ready to launch a 2021-2023 plan to lift the economy out of the Covid-19 rut and chart a course for sustainable and inclusive growth, according to Minister of Economy and Finance Aun Pornmoniroth. ...

Hin Pisei
https://www.phnompenhpost.com/business/2021-23-plan-economic-recovery-way-minister

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