Cambodia exported $8.2417 billion worth garments between January and September this year—a hike of $843.4 million or 11.4 per cent over the same period last year, the general department of customs and excise said. Hong Vanak, director of international economics at the Royal Academy of Cambodia, termed this a ‘very good reflection’ of government measures. […]
Read MoreThe government is planning to expand minimum wage negotiations to more sectors, probably after the next parliamentary election in 2023, according to Heng Sour, secretary of state at the Ministry of Labour and Vocational Training. Sour has been in charge of the annual talks for nine years. Speaking at a conference organised by the International […]
Read MoreScores of seven solar photovoltaic (PV) projects are in the pipeline for construction and ready to put into operation by 2023. The Cambodian government aims to generate 20 percent of energy from renewable energy. The news was revealed by Permanent Secretary of States at the Ministry of Mines and Energy Ith Praing at the Singapore-IRENA […]
Read MoreThe private sector has voiced readiness to work with the government to get priority works done and fulfil plans to develop public-private partnership (PPP) mechanisms, harness technology and leverage the benefits secured from trade deals, with a view to supporting a sustainable national economic recovery. This comes on the heels of comments made by Prime […]
Read MoreCambodia and South Korea have signed a free trade agreement (FTA), cutting import tariffs by more than 90 percent. Commerce Minister Pan Sorasak inked the deal with South Korean Trade Minister Yeo Han-koo in a virtual ceremony on Tuesday. Under the deal, initially agreed in February, Cambodia will lift tariffs on 93.8 percent of products […]
Read MoreThe Cambodian government approved a draft budget bill of 32,576.9 trillion riels (approximately $8.013 billion) for its expenditure for 2022, with national revenue set at 23,462.6 trillion riels (approximately $5.771 billion). The draft budget bill was approved in the weekly cabinet meeting held on Oct 22. It was presided over by Prime Minister Hun Sen. […]
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