Industry insiders and experts have reassured that the central bank's recent decision to revoke the operating licenses of 104 rural credit institutions (RCI), or nearly half of them, shouldn't have a substantial impact on the Kingdom's larger financial sector. According to NBC, the 223 RCIs in the Kingdom collectively held assets worth 234 billion riel ($56.8 million) ...
18th April 2023
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According to press releases issued on Thursday, April 13, 2023, Cambodia collected $1.9 billion from all sources of taxes in the first quarter of 2023, an increase of 2% from about $1.86 billion in the same period last year. According to the General Department of Taxation's news release, tax revenue for the period of January through March this year was $1.34 billion, up...
17th April 2023
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During the first quarter of 2023, Cambodia exported $2.36 billion worth of garment, footwear, and travel (GFT) goods, a significant decrease from the $3.05 billion exported during the same period in the previous year, according to the most recent trade data made public by the General Department of Customs and Excise on Monday...
13th April 2023
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Throughout the first three months of this year, Cambodia received and operated 494 flights weekly at its three airports, according to preliminary data from the State Secretariat of Civil Aviation (SSCA), the country's regulatory and development body for civil aviation activity and infrastructure. 368 flights or 736 movements were received ...
12th April 2023
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In the first quarter of 2023, trade between Cambodia and other countries was $11.25 billion, a decrease of 14.5% YoY from $13.16 billion in the same period last year. According to the General Department of Customs and Excise's report, export from January to March of this year was valued at $5.39 billion, down 5.7% YoY ...
11th April 2023
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Despite volatility brought on by COVID-19, Cambodia's textile imports from Thailand were $157 million, up 27.6%, while exports totaled $57.6 million, up in 2022. Although commerce in fiber and yarn between the two countries is negligible, Thailand continues to be an important source of fabrics for ...
10th April 2023
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This year's early winners from US efforts to protect its semiconductor supply chain include Thailand, Vietnam, India, and Cambodia. According to the US Census data, semiconductor imports into the US increased 17% from the previous year to $4.86 billion in February, with Asia accounting for 83% ...
07th April 2023
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The land ministry approved a total of 4,275 construction investment projects in 2022, a decrease of 28 projects or 0.65% from the previous year, with total registered capital of $2.97 billion, a decrease of 46.8% from $5.58 billion. The housing segment accounted for 3,768 of the projects, up from 3,720 a year earlier, or 88.14% of the total, up from 86.45% in 2021...
06th April 2023
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According to a report released today by the Asian Development Bank (ADB), Cambodia's GDP is predicted to grow at a rate of 5.5% in 2023 and 6.0% in 2024, driven by a stronger tourism recovery and faster growth in the services sector. It is anticipated that the tourism industry would expand by 7.3% in 2023 before slowing to 6.8% in 2024. This will increase demand for food and lodging as well as local trade, transportation, and communications subsectors. It's expected that inflation will ease at an average rate of 3.0% in 2023...
05th April 2023
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The National Bank of Cambodia has implemented several measures to promote the use of the riel and reduce dependence on the US dollar. The central bank aims to strengthen the riel's role in the country's economy, reduce currency exchange costs, and promote financial stability...
04th April 2023
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