News

The National Bank of Cambodia reviews measures of housing prices​

The Asian Development Bank forecast last month that Cambodia would have one of the lowest inflation rates in Southeast Asia this year if global fuel prices remain stable.​ ...

AKP
https://www.khmertimeskh.com/501490347/the-national-bank-of-cambodia-reviews-measures-of-housing-prices/

IMF says Cambodia’s inflation to be stable at 2.3 percent in 2024

Cambodia’s inflation will remain stable this year at 2.3 percent, marginally up from 2.1 percent for 2023, generally in line with other parts of Asia and the Pacific, said the IMF Regional Economic Outlook April 2024. ...

Manoj Mathew
https://www.khmertimeskh.com/501483848/imf-says-cambodias-inflation-to-be-stable-at-2-3-percent-in-2024/

Cambodia’s growth forecast at 6.2 pct in 2024: AMRO

Cambodia’s economic growth is forecast to strengthen in 2024 with continued moderating inflation, said an ASEAN+3 Macroeconomic Research Office (AMRO)’s regional economic outlook released on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501470536/cambodias-growth-forecast-at-6-2-pct-in-2024-amro/

World Bank sees Cambodia and Philippines as fastest growing developing ASEAN economies this year

The World Bank forecast Monday that GDP in Cambodia and the Philippines would expand by 5.8 percent this year, making the two countries the fastest growing developing economies in Southeast Asia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501466304/world-bank-sees-cambodia-and-philippines-as-fastest-growing-developing-asean-economies-this-year/

Cambodia’s garment sector struggles with external headwinds: AMRO

Cambodia is seeing a notable recovery in its economy with a strong bounce back in the service sectors. However, the manufacturing sector, primarily the garment industry, finds itself grappling with external pressures. ...

Khmer Times Staff
https://www.khmertimeskh.com/501363482/cambodias-garment-sector-struggles-with-external-headwinds-amro/

Parties eye ‘common ground’ in wage talks

In the latest meeting of the National Council on Minimum Wage (NCMW) regarding 2024 wage determination for the textile, garment, bag, footwear and travel goods sectors, both parties have reached an agreement to conclude negotiations by September 28. ...

Van Socheata
https://www.phnompenhpost.com/national/parties-eye-common-ground-wage-talks

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

Improving Cambodia’s agriculture sector

Increasing inflation and a reduced labour force are just two of the challenges Cambodia’s agriculture sector faces today, according to the head of EuroCham’s Agriculture Committee. ...

Marissa Carruthers
https://kiripost.com/stories/improving-cambodias-agriculture-sector

Slowing inflation fails to ease cost-of-living burden

Despite forecasts that inflation will fall from 6.2 percent in 2022 to 2.5 percent this year, Cambodians continue to face livelihood difficulties in the first month of 2023 as the cost of goods on the market remains high. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-slowing-inflation-fails-to-ease-cost-of-living-burden

CGCC gave $92m business loans in 2022

CGCC dished out more than $92 million in 985 business loans in 2022, providing a financial lifeline to companies battling against the impact of Covid-19 and global inflation. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-cgcc-gave-92m-business-loans-in-2022

Cambodia offers cash handouts worth $46 million to 360,000 families affected by inflation, floods

Cambodia on Saturday began to provide cash handouts to almost 360,000 households with about 1.3 million people affected by inflationary pressures and recent floods, a senior official said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501200349/cambodia-offers-cash-handouts-worth-46-million-to-360000-families-affected-by-inflation-floods/

Cash support program launched for vulnerable

The government has launched a cash support program in order to support vulnerable households because of the prolonged Covid-19, floods, and inflationary pressures. ...

Mao Sreypich
https://kiripost.com/stories/cash-support-program-launched-for-vulnerable

Increasing domestic agriculture key to preventing food inflation

Despite food prices in Cambodia slightly decreasing in September compared to the previous month, some food products will remain expensive in the long-run, which impacts Cambodian food supplies and livelihoods. To save Cambodia from food inflation, the Kingdom needs to boost more local agricultural productions, ...

Meas Molika
https://kiripost.com/stories/cambodia-food-inflation

Gov’t to intervene informal economy affected by inflation, says PM

The government on Wednesday approved a new mechanism to intervene in the informal economy by providing cash to Cambodian households who run informal businesses that are affected by inflation by November 2022 amid Russia’s ongoing invasion of Ukraine and sanctions, said Prime Minister Hun Sen ...

Kang Sothear
https://www.khmertimeskh.com/501164008/govt-to-intervene-informal-economy-affected-by-inflation-says-pm/

Inflation to peak this year before showing signs of decline

The International Monetary fund has predicted inflation in Cambodia will peak this year due to global pressures, weakened export orders, and a slowing real estate market, before falling from 2023 onwards. ...

Prak Chan Thul
https://kiripost.com/stories/inflation-to-peak-this-year-before-showing-signs-of-decline

No significant price changes expected during Pchum Ben

Consumer prices are expected to remain relatively stable, even amid buoyant spending over the second Covid-era Pchum Ben period which kicks off this week, according to traders based in the capital. ...

Thou Vireak
https://www.phnompenhpost.com/business/no-significant-price-changes-expected-during-pchum-ben

ADB revises down Cambodia’s inflation forecast

The Asian Development Bank (ADB) has updated its forecast for Cambodia, revising down its estimate of the country’s inflation rate to 2.6 percent from 3.2 percent. Economic growth is expected to remain steady at about 7 percent, according to the ADB. ...

Aun Chhengpor
https://www.voacambodia.com/a/adb-revises-down-cambodia-inflation-forecast/4591720.html

Inflation in 2017 low and ‘manageable’

Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods, with the National Bank of Cambodia (NBC) saying the low inflation rate was a product of sound macroeconomic management. ...

May Kunmakara
http://www.khmertimeskh.com/50100904/inflation-2017-low-manageable/

US dollar used to curb inflation

Cambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and ...

Hor Kimsay
http://www.phnompenhpost.com/business/us-dollar-used-curb-inflation

NBC, South Korea team up for research

The central banks of Cambodia and South Korea signed an agreement on Friday to jointly conduct research and analyse the relationship between exchange rates and inflation in the Cambodian economy, according to bank officials. ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-south-korea-team-research

Fears over new bank note

The new 100,000 riel banknote depicting the late King Father Norodom Sihanouk is not just a pretty historical token. It will also help inject much needed cash into the economy, according to the National Bank of Cambodia. Although take-up will occur as older banknotes of other ...

http://www.phnompenhpost.com/2013051465591/Business/fears-over-new-bank-note.html

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