ADB Downgrades GDP Forecast, Risks Plague Outlook
While GDP forecast has been revised down to 5.3% from an initial 5.5% projection, a multitude of risks, both external and internal headwinds, challenge economic growth. Read more...
In revising Cambodia’s 2023 gross domestic product (GDP) growth projection down to 5.3 percent from 5.5 percent earlier this year, the Asian Development Bank (ADB) noted several downside risks impacting economic outlook.
Cambodia Rice Meets Thai and Vietnam Demand as Global Price Spikes
Amid India’s rice export restrictions, global rice prices have spiked to a 15-year high, also fuelled by price renegotiations by Thai and Vietnamese farmers. Weather conditions could exacerbate output and pricing in the second half of 2023, according to BMI, a Fitch Solutions Co.
GDT Issues Reminder for Taxpayers to Declare Unused Land Tax
The General Department of Taxation is reminding landowners to pay outstanding taxes on property and unused land ahead of the September 30 deadline.
Traditional Dance and Drums Celebrate Koh Ker’s UNESCO Crown
A lively celebration of beating drums and traditional dance in Siem Reap celebrated Koh Ker’s listing as a UNESCO World Heritage site and the start of American-Cambodian Friendship Week.
Students Awarded for Innovation
The winners of the Riel Hackathon for Kids 2023 have been crowned for their creative and innovative business ideas that aim to solve issues that plague society.
PM Raises Concerns Over Future Support of Children
The PM has raised concerns about the potential toll an elderly population poses on the economy in the future and the challenges of supporting children, urging for forward planning.