During the first quarter of 2024, the Council for the Development of Cambodia (CDC) approved 106 new projects and production expansion, amounting to a total investment of $2.2 billion and the creation of over 107,000 ...
05th April 2024
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The new Royal Government of Cambodia, set to take office on August 22, will set a macroeconomic target of 7% GDP growth in the medium or long-term. This commitment was revealed at a discussion forum at Hyatt Regency Phnom Penh, where representatives ...
11th August 2023
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Lauding the Regional Comprehensive Economic Partnership (RCEP), Cambodian Prime Minister Hun Sen said it has strengthened the global value chains and protected the multilateral free trade system...
03rd November 2022
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The International Monetary Fund (IMF) expects higher food and energy prices to have similar impacts on relative poverty in Cambodia and Vietnam. In its outlook for Asia and the Pacific released in Singapore last week, the IMF also said that the consequences for vulnerable Cambodian and Vietnamese households were likely to be about five times greater than those in China.
31st October 2022
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The Ministry of Economy and Finance is reviewing the draft new tax law with the Ministry of Justice, articles about the criminal code and clauses that go along with other relevant laws, a senior official said. The General Department of Taxation (GDT) has completed the draft ...
24th October 2022
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Training on sustainable finance instruments and thematic bond issuance will be held in Phnom Penh by the end of this month. ESCAP is partnered with the Luxembourg Green Exchange (LGX) and LGX Academy...
19th October 2022
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Cambodia received $171 million in climate finance from major multilateral development banks (MDBs) in 2021, according to the 2021 Joint Report on Multilateral Development Banks' Climate Finance. Cambodia, classified as a lower...
18th October 2022
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Financial inclusion in Cambodia remains timid despite the country's Gross Domestic Product (GDP) growth of 7 percent per year on average for the past decade. Cambodia's financial inclusion remains timid with 67 percent of the...
17th October 2022
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Inflation for Cambodia reached 7.85% in June 2022 comparing with YOY(Year-on-year) basis to 7.17% the previous month, which was the highest in over a decade. While the value of Riel has fallen to 0.07% to 4,091 riel per USD...
12th October 2022
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Governments throughout Southeast Asia are pleased with the uptake in foreign arrivals now that the pandemic is decidedly on the wane. The trend amongst travelers is called "revenge tourism", characterized by people having more extravagant and longer...
07th October 2022
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