The labour ministry has scheduled a series of internal meetings next month to discuss the 2023 minimum wage for the textile, garment, footwear, bags and travel goods sectors. The Ministry of Labour and Vocational Training said in a notice that bilateral and tripartite talks – between the government and representatives of employers and workers – […]
Read MoreThe fiscal deficit of the Cambodian government widened to 5.3 percent of the Gross Domestic Product (GDP) in 2021, compared to 3.8 percent in 2020, mainly due to a fall in revenue collection, said the Fiscal Stability Report, released by the National Bank of Cambodia recently. The fiscal deficit prompted a drawdown of fiscal reserves […]
Read MoreA Cambodian delegation has arrived in Laos to explore the possibility of connecting Cambodia and Laos via a railway line. Members of the Cambodia Logistics Association (CLA) are in Laos from 21-23 June to explore the idea of setting up a railway link connecting Cambodia with Laos to save transport time and costs. The Star reports that […]
Read MorePhnom Penh has asked Seoul to complete its internal procedures as soon as possible for the bilateral Cambodia-Korea Free Trade Agreement to enter into force, which will stimulate trade between the two countries to “another level”, according to a commerce ministry spokesman. Signed between Minister of Commerce Pan Sorasak and his South Korean counterpart Yeo […]
Read MoreThe price for Cambodia’s rice export continues to rise due to prolonged global food insecurity driven mainly by on-going Russia-Ukraine conflict. Hun Lak, Chairman of the Board of Directors of Cambodia Rice Federation, when revealing this said that that the price hike will drag on as some wheat producing countries stop exporting to secure domestic […]
Read MoreThe economy is likely to grow at around 5 percent this year, primarily supported by agricultural exports, transport, telecommunications and improved investment flows and remittances from overseas workers. The National Bank of Cambodia made the economic projection in its Financial Stability Review 2021, released recently. In terms of trade and investment, the country is expected […]
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