The Better Cambodia newsroom · 1 289 articles
The long-anticipated Kampot International Tourism Port is scheduled to launch its operations in the latter part of 2024, heralding a new era for regional connectivity. This development promises to link Cambodia directly with its neighbors, Thailand and Vietnam, through an efficient maritime route designed to accommodate cruise ships. Funded by a generous loan exceeding $10…
The National Bank of Cambodia (NBC) is reinforcing its collaborative efforts with the ASEAN+3 countries, which include Japan, South Korea, and China, to foster economic growth and shore up the region’s financial security systems. At the helm of these initiatives, NBC Governor Chea Serey led a Cambodian delegation to the ‘27th ASEAN+3 Finance Ministers and…
According to the International Monetary Fund’s (IMF) Regional Economic Outlook for April 2024, Cambodia’s inflation rate is anticipated to maintain a stable pace at 2.3 percent this year, a slight increase from 2.1 percent in 2023. This forecast aligns Cambodia with trends observed across other regions in Asia and the Pacific. The report highlights the…
In a significant move towards strengthening regional ties, Cambodia’s representative took a prominent role at the 26th ASEAN-India Senior Officials’ Meeting held in New Delhi, India, on May 3, 2024. His Excellency KUNG Phoak, holding the position of Secretary of State of the Ministry of Foreign Affairs and International Cooperation and also serving as the…
On a meaningful Friday, the National Bank of Cambodia (NBC) and the National Bank of Georgia (NBG) marked a milestone by signing a memorandum of understanding (MoU). Chea Serey, Governor of NBC, and Natia Turnava, Acting Governor of NBG, embodied the commitment of their nations to foster financial cooperation aimed at curbing the reliance on…
In a remarkable display of mathematical prowess, Hun Pichmonyrithyseth, the son of Cambodian Prime Minister Hun Manet, secured the top position in the globally recognized Caribou Mathematics Contest. Competing against a field of 1,730 contestants from around the world, Hun Pichmonyrithyseth showcased exceptional skill, earning the first place on 1 May 2024. The Caribou Mathematics…
The forthcoming Funan Techo Canal (FTC), set to be developed through a public-private partnership, is poised to significantly enhance the shipping capacity of the Sihanoukville Autonomous Port (PAS). A recent report by the Council for Development of Cambodia (CDC) reveals that the construction of the FTC is expected to escalate the port’s shipment activities to…
The Cambodian Ministry of Commerce (MoC) is actively seeking to bolster Japanese investment within the nation’s borders. This effort comes on the heels of major expansions by significant business entities, such as Toyota Tsusho Manufacturing Corporation (Cambodia) Co Ltd. The MoC sees immense potential for Japanese entities to plunge into the diverse investment opportunities available…
In recent years, Cambodia’s real estate sector has witnessed a significant shift in investor demographics, signaling a diversifying market that is drawing attention from beyond its traditional investor base. Historically, the influence on Cambodia’s property market was predominantly wielded by investors from China and Southeast Asian nations. However, a marked increase in interest from Western…
On May 3, 2024, His Excellency KUNG Phoak, Secretary of State of the Ministry of Foreign Affairs and International Cooperation and ASEAN SOM Leader of Cambodia, played a pivotal role in the 26th ASEAN-India Senior Officials’ Meeting held in New Delhi, India. The meeting, a cornerstone of regional diplomacy, aimed to enhance the ongoing collaboration…
In a significant address to journalists at the 6th meeting held at the Koh Pich Convention and Exhibition Centre on Friday, Prime Minister Samdech Thipadei Hun Manet called for high standards in journalism, emphasizing the importance of accuracy and ethical reporting. During his speech, Prime Minister Hun Manet emphasized the critical role of journalists in…
Prime Minister Hun Manet has articulated a transformative vision for Cambodia, aiming to evolve the nation from being primarily an exporter of raw materials to an economy robust in producing semi-finished and finished goods. This progressive goal is designed to meet both domestic demands and enhance export capabilities, consequently improving the livelihoods of Cambodian citizens.…
The Ministry of Economy and Finance (MEF) of Cambodia has played a significant role in advancing the capabilities of the nation’s workforce through its Skills Development Fund (SDF). Initiated in 2018 with a projection to continue until 2024, the program has been lucrative for the nation’s human capital development. Recent data revealed by Han Ratanak,…
