n the first quarter (Q1) of 2023, the insurance sector in Cambodia recorded total premiums of 93.3 million US dollars, an increase of 5.6% YoY from $88.3 million in 2022. According to the Insurance Regulator of Cambodia (IRC) report, the growth was brought about by 18 general insurers, ...
07th June 2023
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Despite the difficulties faced by the global economy, the conflict between Ukraine and Russia, and the climate change catastrophe, Prime Minister Hun Sen voiced confidence that Cambodia will become a high-middle-income nation by 2030. According to the prime minister, Cambodia ...
06th June 2023
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The Council for the Development of Cambodia (CDC) approved 64 investment projects totaling $540.74 million in the first five months of 2023, resulting in the creation of 78,292 employment. This number significantly decreased when compared to the same period in 2022 ...
05th June 2023
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This year, 58 new manufacturing factories were registered with the Ministry of Industry, Science, Technology, and Innovation (MIST), bringing the total number of operational manufacturing enterprises in the nation to 1,999. 40 factories were also shut down or temporarily closed during ...
02nd June 2023
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According to ADB's 'Narrowing the Development Gap: Follow-Up Monitor of the ASEAN Framework for Equitable Economic Development' report, Cambodia's ATM density increased from its levels in 2019 to those in 2020-2021. In Cambodia, there were 29 ATMs per 100,000 adults ...
01st June 2023
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Construction on the Techo International Airport (TIA), which is currently about 50% complete, is expected to start in the early part of 2025. The construction of the new Phnom Penh International Airport in the provinces of Kandal and Takeo, about 20 kilometers south ...
31st May 2023
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According to a senior official from the Cambodia Securities Exchange (CSX), the recently constructed Government Securities Auction Platform (GSAP) would be prepared for government bonds in the primary market in the third quarter of this year. In addition to the National Bank of Cambodia ...
30th May 2023
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On Saturday, May 27, 2023, Prime Minister Hun Sen said that the garment sector in Cambodia alone had paid more than USD 3 billion in wages annually, with an average compensation of USD 200 per month, who can earn about USD 6.6 per day of their income ...
29th May 2023
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On May 23, the National Assembly's (NA) ninth commission unanimously endorsed a draft bill for ratification of the ASEAN Trade in Services Agreement (ATISA), which is anticipated to strengthen economic relations between members of the ...
26th May 2023
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The Ministry of Tourism reported that 1.29 million foreign visitors came to Cambodia in the first quarter of this year, an astounding rise of 709% from 159,546 during the same period in 2022. The top three tourist markets during that time were Thailand, Vietnam, and ...
25th May 2023
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