Despite internal and external challenges, the Cambodian economy reached even greater heights last year, with the government reporting economic growth of 7.1 per cent – the highest in the Asean region. However, China-US trade tensions and protectionist policies remain obstacles, with the government forecasting 6.5 per...
These dates may be modified as official changes are announced, so please check back regularly for updates. Date Day Holiday 1 Jan Wed New Year's Day 7 Jan Tue Victory Day 8 Feb Sat Meak Bochea Day 8 Mar Sun International Women's Day 9 Mar Mon International Women's Day Holiday 14 Apr to 17 Apr Tue to Fri Khmer New Year 1 May Fri Labour Day 6 May Wed Visak Bochea Day 10...
It has been a good year for Cambodia and its tourism industry. Less than a month after the Kingdom saw its tourism competitiveness go up, another major accolade has come its way. Cambodia’s ranking in the Travel and Tourism Competitiveness Index (TTCI) went up three notches...
Cambodian holidays are inextricably intertwined with Theravada Buddhist ritual. The holidays that really count are Buddhist in origin - not even the Khmer Rouge could eradicate the practice of holidays like Pchum Ben. Even the increasing presence of modern Western culture has done little to...
The 2019 real estate market in Cambodia has been growing due to increasing demand from both local and international buyers across different property types, the Khmer Times cited experts as saying. The 2019 real estate market in Cambodia has been growing due to increasing demand from...
Cambodia’s economic outlook 2020 According to various forecasts, Cambodia’s gross domestic product (GDP) growth rate is expected to ebb slightly to less than 7 percent growth in 2020 mainly because of the global economic downturn and the deceleration of global demand, as well as emerging risks...
Key findings Preliminary estimates for Cambodia show real growth achieved a four-year high of 7.5% in 2018, compared to 7.0% in 2017. The economy performed better than expected, driven primarily by rapid expansion of exports and robust internal demand, as well as a surge in...
Cambodia has changed radically from a centrally planned economy to a market economy over the past ten years. Moving away from the earlier one-party state, it now has a democratic system of governance and sustainable peace after decades of civil war. With consistent support from...
The Council for the Development of Cambodia (CDC) yesterday announced that it approved 831 investment projects, with a total investment capital of $22.5 billion, from 2016 to August 2019, according to its latest report. The report added that in the first eight months of the year,...
Cambodia is one of four Asean nations where the influx of foreign direct investment reached record levels last year, according to a study by the Asean Secretariat and the United Nations Conference on Trade and Development (Unctad). The Asean Investment Report 2019, released last week, finds...