News

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. ... ...

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 ...

An in-depth study into the impact of Covid-19 on tourism-related businesses in Siem Reap has revealed that while solid networks helped strengthen resilience, existing debts and the structure of the labor system hampered it. ...

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ... ...

The number of international tourists to Cambodia is predicted to surpass the pre-COVID-19 pandemic level in 2025, the country’s Tourism Minister Thong Khon said on Wednesday. ... ...

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent in 2023, led by manufacturing exports, according to a World Bank report. ... ...

China-proposed Belt and Road Initiative (BRI) has become a key contributor to global economic growth and poverty reduction in the post-COVID-19 pandemic era, a Cambodian scholar said. ... ...

Cambodia reported 1.26 million air travelers during the first quarter of 2023, up 549 percent from only 195,000 passengers over the same period last year, said the State Secretariat of Civil Aviation’s report released on Wednesday. ... ...

Cambodia views 2023 as a pivotal year for attracting more foreign tourists. After the devastating impacts of the Covid-19 outbreak, the year should considerably assist Cambodia in overcoming the crisis that has enveloped the tourism sector, which is regarded one of the four pillars on ...

Cambodia has welcomed the resumption of China Eastern Airlines flights to its Siem Reap cultural province, the country's Ministry of Tourism said in a press statement on Saturday. ... ...

The Angkor Foundation has stated that almost 80,000 international tourists bought Angkor and Koh Ker tickets last month month – generating more than $ 3 million in ticket sales compared to 2022, an increase of more than 900% . ... ...

Prime Minister Hun Sen yesterday called on all stakeholders to pay high attention and do their best to boost the country’s tourism sector. ... ...

The Ministry of Labour and Vocational Training will make the final cash support payment to 129 tourism workers in Siem Reap province whose employment contracts were suspended due to the Covid-19 pandemic. ... ...

The Ministry of Labour and Vocational Training disbursed its 89th cash payment to 3,223 workers employed by 33 different enterprises in the tourism sector located in Siem Reap, according to the ministry statement. ... ...

Prime Minister Hun Sen expressed his hope that between three and four million foreign tourists will visit Cambodia this year. ... ...

The Royal Government of Cambodia (RGC) on Monday issued another set of guidelines on additional measures to further control the impacts of the recovery of tourism in Cambodia as the economy has still been at high risk and uncertainty of regional and global changing trends, ...

The tourism and housing industries in Cambodia are showing signs of recovery this year, according to the ASEAN+3 Regional Economic Outlook. ... ...

As Cambodia readies to welcome an expected influx of Chinese tourists, the Ministry of Tourism said that it expects Cambodia to receive about seven million tourists by 2025. ... ...

TAFTAC says the garment, footwear and travel goods sector needs assistance and an advisory group is urgently needed to help it rebound ... ...

ASEAN secretary-general Lim Jock Hoi expressed the bloc’s commitment to ensuring regional stability and prosperity amid a time of uncertainty and unprecedented challenges, through a road map adopted at the recent ASEAN Summit and related meetings. ... ...

In the 10 months of 2022, Cambodia received more than 1.57 million international tourists, an increase of nearly 1,000 percent, compared to the same period last year. ... ...

Minister of Tourism Thong Khon on November 21 outlined seven key recommendations for more efficient and effective post-Covid-19 development of the eco- and community-based tourism segments, with emphasis on turning challenges into opportunities. ... ...

Cambodia has ranked fourth out of 121 countries in the Nikkei Covid-19 Recovery Index and top of the pile for the ASEAN region, scoring 76.5, according to this month’s latest update. ... ...

Cambodian Prime Minister Hun Sen said here on Thursday that the Association of Southeast Asian Nations (ASEAN) needs to strengthen cooperation for the sustainable and resilient recovery of the region’s socio-economic development. ... ...