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ADB: Cambodia's economy will grow faster thanks to a rebound in tourism

According to a report released today by the Asian Development Bank (ADB), Cambodia's GDP is predicted to grow at a rate of 5.5% in 2023 and 6.0% in 2024, driven by a stronger tourism recovery and faster growth in the services sector. It is anticipated that the tourism industry would expand by 7.3% in 2023 before slowing to 6.8% in 2024. This will increase demand for food and lodging as well as local trade, transportation, and communications subsectors. It's expected that inflation will ease at an average rate of 3.0% in 2023...

05th April 2023

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ADB: Cambodia's economy will grow faster thanks to a rebound in tourism
05th April 2023

Market Update

Dedollarization initiatives to encourage greater use of riel

The National Bank of Cambodia has implemented several measures to promote the use of the riel and reduce dependence on the US dollar. The central bank aims to strengthen the riel's role in the country's economy, reduce currency exchange costs, and promote financial stability...

04th April 2023

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Dedollarization initiatives to encourage greater use of riel
04th April 2023

Market Update

The government passes a new taxation law draft

On Friday, March 31, 2023, the Cambodian government passed a new draft taxation law that is intended to tighten fiscal compliance, increase the favorable investment climate, and promote and enhance the country's business sector. According to the government spokesman Phay Siphan, the new fiscal law was adopted in accordance with the fourth phase of the ...

03rd April 2023

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The government passes a new taxation law draft
03rd April 2023

Market Update

Govt to offer vocational training to over 1.5 million underpriviledged young Cambodians

In order to draw new high-end technology investment projects to Cambodia, Prime Minister Hun Sen highlighted the significance of boosting the number of technicians and skilled laborers yesterday...

31st March 2023

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Govt to offer vocational training to over 1.5 million underpriviledged young Cambodians
31st March 2023

Market Update

Govt aims to improve internet and mobile services in the provinces

While efforts are being made to raise the caliber of mobile and internet services in Phnom Penh, the Ministry of Posts and Telecommunications will improve those services in the provinces....

30th March 2023

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Govt aims to improve internet and mobile services in the provinces
30th March 2023

Market Update

Cambodia needs to invest $9 billion in the power sector

The Master Power Development Plan 2022-2040 estimates that Cambodia will require an investment of roughly $9 billion by 2040 to build new power plants and expand the national grids in order to meet the country's rising electricity demand, which is projected to reach 66 billion kilowatt hours in 2040, growing at an average rate of 19 percent. By the end of 2021,..

29th March 2023

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Cambodia needs to invest $9 billion in the power sector
29th March 2023

Market Update

Keppel Energy gets green light to import clean energy from Cambodia

The Energy Market Authority (EMA) of Singapore has conditionally approved a project by Keppel Energy, a Singaporean energy conglomerate, to import 1GW of low-carbon electricity from Cambodia by 2035...

23rd March 2023

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Keppel Energy gets green light to import clean energy from Cambodia
23rd March 2023

Market Update

CDC greenlights three Chinese factories worth $16M

The Cambodian government has approved three new manufacturing projects by Chinese investors, with a total capital of around $16 million. The projects are expected to create more than 3,000 jobs in the garment, umbrella and shoe sectors...

21st March 2023

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CDC greenlights three Chinese factories worth $16M
21st March 2023

Market Update

CSX to launch an auction platform for sovereign bonds

The Cambodia Securities Exchange (CSX) is preparing to launch an auction platform for sovereign bonds, which will be an alternative to the National Bank of Cambodia Auction Platform (NBCP)....

20th March 2023

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CSX to launch an auction platform for sovereign bonds
20th March 2023

Market Update

Five major factories to open in K. Speu province

The Ministry of Labour and Vocational Training has announced that five major factories and manufacturing enterprises will be opening in Kampong Speu province. The factories will employ more than 5,000 workers starting from March 17, 2023....

17th March 2023

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Five major factories to open in K. Speu province
17th March 2023
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