The United Nations has officially confirmed that Cambodia will graduate from the Least Developed Country (LDC) category. Alongside Cambodia, Senegal is also set to graduate from the LDC category on the same date. Both countries have been granted an extended preparatory period of five years, instead of the standard three years, to ...
24th December 2024
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In the first 11 months of 2024, Cambodia's expenditure on oil imports reached a substantial $2.18 billion, marking an 11.3% increase compared to the previous year. This significant rise in imports underscores the country's heavy reliance on imported oil, as its own oil ...
23rd December 2024
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The Cambodian government has set a revenue target of 29.05 trillion riel ($7.26 billion) for 2025, marking a 2.84% decrease from the previous year's target. The 2025 Budget Law, signed by King Norodom Sihamoni, outlines plans to collect revenue through taxes and ...
20th December 2024
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Cambodia's GDP is projected to grow by 5.5% in both 2025 and 2026, supported by recovering domestic demand despite challenges such as weak credit growth and elevated household debt. The World Bank emphasizes the importance of trade diversification, productivity improvements, and enhanced ...
19th December 2024
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Cambodia has signed concessional loan and grant agreements with the Asian Development Bank (ADB) for five key development programs, totaling $403 million in investments for 2024. These agreements aim to enhance education, water management, trade, and gender-based violence prevention, with a ...
18th December 2024
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Cambodia is on track to welcome 6.7 million foreign tourists by the end of 2024, surpassing the pre-Covid-19 record of 6.6 million visitors. Tourism Minister Huot Hak made the announcement during the 11th Sea Festival held in Kampot. In the first eleven months of 2024, ...
17th December 2024
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The Cambodian Ministry of Economy and Finance has launched the "Cambodia E-Invoicing System," a digital platform enabling the exchange, validation, and transfer of electronic invoices between sellers and buyers. Developed by the General Department of ...
16th December 2024
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The World Bank has revised its economic growth forecast for Cambodia, projecting a growth rate of 5.3% for 2024. This adjustment reflects the challenges faced by the country, including a slowdown in credit growth and deteriorating asset quality, particularly in the real estate sector....
13th December 2024
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The Cambodian government has successfully raised $70 million through the issuance of bonds in the first three quarters of the year. This funding aims to support various development projects and bolster the country's economic stability...
12th December 2024
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Cambodia's trade with its partners surged to nearly $50 billion in the first 11 months of 2024, showcasing a substantial 20% annual rise. The General Department of Customs and Excise (GDCE) revealed that exports constituted 48% of this total, with a notable 17.4% ...
11th December 2024
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