PHNOM PENH, Nov. 10 (Xinhua) — Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. With the objective of de-dollarizing the economy based on the market mechanism and on a gradual approach, the NBC […]
Read MorePHNOM PENH (Phnom Penh Post/ANN): Cambodia and Vietnam have shared their mutual appreciation for the progress of their defence ties, noting that their closeness stems from recent visitor exchanges between the two militaries. Both sides believe that the visits have made a significant contribution to strengthening and expanding their bonds of friendship, cooperation and solidarity. […]
Read MorePHNOM PENH: The Cambodian government has approved the draft budget of 38,829 billion riels (US$9.4 billion) for the government spending in 2024, a decrease from the US$9.64 billion in 2023, reported Xinhua. The approval was made during a weekly Cabinet meeting on Friday, which was chaired by Prime Minister Hun Manet, said a press release […]
Read MoreThe European Union (EU) remains a committed partner of Cambodia and wants to deepen its engagement equally with the government and people, Igor Driesmans, the new EU Ambassador to Cambodia, said yesterday. “We have a long history together and my aim is to deepen our engagement, both bilaterally and in the multilateral agenda,” Ambassador Driesmans […]
Read MoreIn an updated report on Monday, the World Bank said that it maintained its economic growth forecast for Cambodia at 5.5 per cent in 2023 and raised it to 6.1 per cent in 2024. The Southeast Asian country’s growth is driven by garment export, tourism, agriculture, and construction and real estate, reports Xinhua news agency. […]
Read MoreBY SAM RAINSY Hun Manet succeeded his father, Hun Sen, as Cambodia’s dictator following fraudulent elections in July, in which the ruling Cambodian People Party’s “won” 96% of parliamentary seats. Since then, the new prime minister has been shoring up international support for the transition. Prior to the ruling party’s victory, members of the main […]
Read MorePHNOM PENH, Cambodia (AP) — Two of Southeast Asia’s newest national leaders, both in office for just over a month, exchanged congratulations Thursday as Thai Prime Minister Srettha Thavisin paid a one-day official visit to Cambodia for talks with Cambodian Prime Minister Hun Manet. Although there are currently no major issues of contention between the […]
Read MorePresident Xi Jinping has reaffirmed China’s support for Cambodia in attaining stability and development, stressing that the two nations should expand exchanges and cooperation in education, culture and youth to deepen their bilateral friendship. Speaking during a meeting on Saturday with King Norodom Sihamoni of Cambodia, Xi underscored that China highly values its special friendship […]
Read MoreBY SOPHENG CHEANG PHNOM PENH, Cambodia (AP) — A prominent leader of Cambodia’s political opposition was convicted and sentenced Thursday to 18 months in prison for issuing worthless checks four years ago, in a case that his party has called politically motivated. The Phnom Penh Municipal Court issued its verdict against Thach Setha, a vice […]
Read MoreWestern leaders face a dilemma in dealing with Cambodia’s new leader Hun Manet, eager to try to forge ties based on his education in the United States and Britain but hesitant to be seen as endorsing the undemocratic way in which he came to office weeks ago. “The fact that Hun Manet came to power […]
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