Despite the fact that the economy is still extensively dollarized, the demand for the riel has steadily increased over the past 20 years, expanding at an average rate of 16.6% per year, according to Chea Serey, Deputy Governor of the National Bank of Cambodia. As a result of rising riel circulation ...
16th June 2023
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By the end of the first quarter (Q1) of 2023, the Cambodian government reported a total public debt stock of $10.27 billion, up 2.8% quarter over quarter from $9.99 billion. According to the Cambodia state Debt Statistical Bulletin, which was released by the Ministry of Economy and Finance, 67% ...
15th June 2023
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A senior official from the Cashew Nut Association of Cambodia (CAC) estimates that the cashew nut industry in Cambodia need operating capital of at least $300 million annually. Cashew has already been designated by the Cambodian government as an agro-industrial crop ...
14th June 2023
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According to a recent press statement from the Ministry of Mines and Energy (MME), Renaissance Minerals (Cambodia) Limited processed 6,727 kg of gold while paying the Kingdom over $10 million in royalties. The first foreign firm granted a license by the government of Cambodia to mine gold is Renaissance ...
13th June 2023
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According to a General Department of Customs and Excise report, Cambodia's exports in the first five months of 2023 were $9.18 billion, a decrease of 2.4% from $9.41 billion for the same period in 2022. Clothing, shoes, luggage, bicycles, and agricultural goods such rice, rubber, cassava, bananas, ...
12th June 2023
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In the first five months of 2023, Cambodia shipped 118,041 tons of milled rice to China, bringing in $77.4 million, according to a press statement from the Cambodia Rice Federation (CRF). According to a press release, "China is the main export market for Cambodian milled rice, accounting for 42.43% ...
09th June 2023
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On June 7, an agreement for a third expressway from the capital to Siem Reap and on to the Thai border at Poipet town was also reached. This expressway would run from Phnom Penh to the border with Vietnam at Bavet Town. Sun Chanthol, ...
08th June 2023
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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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