The General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance earned in total over 5,152.6 billion Riel or $1,272.2 million in the first half of this year, down 16.2 percent compared to the same period last year. The figures were shared in a recent press release on the outcome of […]
Read MoreThe World Bank has approved a $100 million credit from the International Development Association (IDA) to improve access to basic services and economic opportunities in Cambodia. The project will enhance rural communities’ access to critical services, such as health centres, referral hospitals, schools and markets, through the improvement of climate-resilient rural roads. By improving selected […]
Read MoreThe Ministry of Agriculture, Forestry and Fisheries (MAFF) has continued to promote the local development of cashew nuts, saying the crop has the potential to help the country achieve its aim for 12 percent growth in agricultural exports by 2025. The comments were made during a memorandum of understanding (MoU) signing for a contract farming […]
Read MoreA medium-term outlook for agriculture released Thursday forecast that Cambodia would play an increasingly important role in the global market for rice exports. Launched in Paris, the joint report by the Organisation for Economic Cooperation and Development (OECD) and the Food and Agriculture Organisation of the United Nations (FAO) covers the 10-year period from 2020 […]
Read MoreThe National Bank of Cambodia (NBC) said the Kingdom’s economic growth stagnated in the first half of the year due to the impact of the COVID-19 pandemic and forecast that the country’s GDP would contract 1.9 percent this year. NBC governor Chea Chanto said key pillars of Cambodia’s economy such as tourism and manufacturing were […]
Read MoreAs the COVID-19 pandemic continues to affect Cambodia’s real estate industry, the economic fallout from the second quarter’s disruption is yet to be fully realised, according to report by CBRE Cambodia. CBRE, which describes itself as the foremost property consultant in Cambodia, said that rent and prices across most sectors continue a negative trajectory. The […]
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