Cambodia's National Council on Minimum Wage (NCMW) has agreed on a new minimum wage of $202 for garment, travel goods, and bag industries, with an additional $2 per month by Prime Minister Hun Manet. This will enable factory workers to receive a ...
29th September 2023
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A survey by the Cambodia Restaurant Association (CRA) revealed that 77% of Cambodian restaurants reported a revenue drop from 2022, indicating a slowdown in the country's economy and tourism sector. The survey, conducted by CRA, revealed that 45% ...
28th September 2023
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Cambodia has received $140 million in loans from the Asian Development Bank (ADB) to boost labor development and transform the country into a technology-driven, knowledge-based industrial economy. The loans will help the government introduce policy ...
27th September 2023
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The Cambodian government is planning to invest at least $1 billion in completing unfinished buildings in the coastal city of Sihanoukville, following a standstill in real estate and related businesses due to the Covid-19 pandemic in 2019. The government plans ...
26th September 2023
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Cambodia's Prime Minister Hun Manet has urged US investors to support the country's development efforts and start businesses. The Cambodia-US Business Forum, organized by the Cambodian Chamber of Commerce and the US Chamber of Commerce ...
25th September 2023
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Foreign direct investment (FDI) inflows in Cambodia increased by 41.6% in the first half of 2023 compared to the same period in 2022. The Council of Ministers' plenary session on September 20 highlighted the positive FDI, expected to see the ...
22nd September 2023
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The Asian Development Bank (ADB) has revised Cambodia's GDP forecast to 5.3% in the Asian Development Outlook (ADO) September 2023 from 5.5% in the ODA April 2023. The report shows that Cambodia's exports of garments, footwear, and travel ...
21st September 2023
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Cambodian Prime Minister Hun Manet has requested the Ministry of Mines and Energy to lower electricity tariffs in the manufacturing sector to boost production amid a global and regional economic slowdown. He emphasized the private sector's critical role in supporting ...
20th September 2023
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The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Cambodia's GDP growth to 5.3% for 2023, citing recovery in tourism, non-garment manufacturing, and domestic economic activities. The revised figure was revealed ...
19th September 2023
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Guangxi province and Cambodia's strategic locations have become gateways for ASEAN trade and cooperation. ASEAN markets accounted for 47.6% of Guangxi's foreign trade value in 2021, highlighting the importance of close economic ties between the two ...
18th September 2023
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