According to the government ‘s release this week of the Kingdom’s 2019 census report, the manufacturing and service sector have accounted for the largest rise in employment over the last decade, seeing millions of jobs created across the country. The manufacturing sector’s share of the employed population increased from 8.5 percent in 2008 to 18.8 […]
Read MoreA $3.1 million garment factory will be built in Bati district of Takeo province, creating 702 jobs for the locals. The update was shared in a press release from the Council for the Development of Cambodia (CDC) yesterday following its approval of the investment project. The garment factory is the investment by Brightness (Cambodia) Garment […]
Read MoreThe Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). The report included 2021 sector-by-sector growth projections of 0.3 percent for hotels and restaurants, 4.5 percent for the garment industry, 2.9 […]
Read MoreIn the wake of oil production starting in Cambodia, the nation is also placing high hopes of becoming a gold producing country, with the first mining of the precious metal due to start later this year than originally planned. The news was released by Yos Monirath, director-general of mines at the Ministry of Mines and […]
Read MoreThe ongoing COVID-19 pandemic presents both challenges and opportunities to medical consultancies and air ambulance businesses in Cambodia and other parts of Southeast Asia. The Kingdom is home to many foreign-headquartered firms such as Medical Air Service and Global Air Rescue, in addition to a few home-grown companies that offer medical consultancy and air ambulance […]
Read MoreThe National Bank of Cambodia (NBC) on January 26 officially launched the Retail Pay system, a government effort to reduce cash consumption and boost the use of electronic payments in the economy. Presiding over the launch, NBC deputy governor Neav Chanthana said Retail Pay is a crucial component of Cambodian financial infrastructure, noting that the […]
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