Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Pich Piseth Summoned by Department of Anti-Technology Crime | Future of USAID Uncertain as Trump Administration Considers Merging Agency with State Department | National Road 5 Final Section (Serei Sophon-Poipet) Achieves 29% Progress | Prime Minister Hun Manet: “No Plans to Change Ministers” Amidst Rumors | PM Hun Manet Charts Cambodia’s Digital Future, Calls for Stronger Innovation and Governance | Cambodia's Future Leaders Celebrated as Prime Minister Hun Manet Speaks at Asia-Europe University Graduation | Prime Minister Hun Sen awards diplomas to 2,551 Asia-Europe University graduates, including 1,169 women. The ceremony includes degrees in associate, bachelor, master, doctorate, and honorary doctorate levels. A total of 69 scholarship recipients from Samdech Techo and Samdech Kittipritbandit among the graduates. Asia-Europe University has contributed to national development by training skilled human resources for many years. Oknha Ly Khunthai highlights the university's growth since its recognition in 2002 and its establishment in 2005. As of December 2024, the university employed 485 staff and enrolled 8,881 students in various programs. Asia-Europe University offers diverse faculties and numerous degree programs, enhancing educational opportunities. The institution is committed to digital innovation and modern educational practices, including AI and cloud computing. Prime Minister Hun Manet emphasizes skill development, announcing over $20 million for modern medical equipment.Prime Minister Hun Manet urges the Ministry of Labor to support skilled workers in obtaining bachelor's degrees and enhancing youth skills. Prime Minister Hun Manet directs Ministry of Labor to expand job opportunities for professionals in Cambodia. The Prime Minister emphasizes the role of teachers as leaders and ethical guides for students. Amid discussions about septic tank installation, the Prime Minister instructs authorities to prioritize citizen requests. Hun Manet mandates road construction companies to install septic tanks upon completion of projects. The Prime Minister addresses criticism of the textbook “Khmer and the Journey to Prosperity,” defending its educational value. Hun Manet clarifies that the supplementary textbook presents factual historical content from Cambodia’s socialist era to the present. The Prime Minister emphasizes that the book aims to preserve Cambodia’s history for future generations. Hun Manet calls on citizens and students to research carefully before sharing information on social media. The Prime Minister warns against spreading false information that can harm society. |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Pich Piseth Summoned by Department of Anti-Technology Crime | Future of USAID Uncertain as Trump Administration Considers Merging Agency with State Department | National Road 5 Final Section (Serei Sophon-Poipet) Achieves 29% Progress | Prime Minister Hun Manet: “No Plans to Change Ministers” Amidst Rumors | PM Hun Manet Charts Cambodia’s Digital Future, Calls for Stronger Innovation and Governance | Cambodia's Future Leaders Celebrated as Prime Minister Hun Manet Speaks at Asia-Europe University Graduation | Prime Minister Hun Sen awards diplomas to 2,551 Asia-Europe University graduates, including 1,169 women. The ceremony includes degrees in associate, bachelor, master, doctorate, and honorary doctorate levels. A total of 69 scholarship recipients from Samdech Techo and Samdech Kittipritbandit among the graduates. Asia-Europe University has contributed to national development by training skilled human resources for many years. Oknha Ly Khunthai highlights the university's growth since its recognition in 2002 and its establishment in 2005. As of December 2024, the university employed 485 staff and enrolled 8,881 students in various programs. Asia-Europe University offers diverse faculties and numerous degree programs, enhancing educational opportunities. The institution is committed to digital innovation and modern educational practices, including AI and cloud computing. Prime Minister Hun Manet emphasizes skill development, announcing over $20 million for modern medical equipment.Prime Minister Hun Manet urges the Ministry of Labor to support skilled workers in obtaining bachelor's degrees and enhancing youth skills. Prime Minister Hun Manet directs Ministry of Labor to expand job opportunities for professionals in Cambodia. The Prime Minister emphasizes the role of teachers as leaders and ethical guides for students. Amid discussions about septic tank installation, the Prime Minister instructs authorities to prioritize citizen requests. Hun Manet mandates road construction companies to install septic tanks upon completion of projects. The Prime Minister addresses criticism of the textbook “Khmer and the Journey to Prosperity,” defending its educational value. Hun Manet clarifies that the supplementary textbook presents factual historical content from Cambodia’s socialist era to the present. The Prime Minister emphasizes that the book aims to preserve Cambodia’s history for future generations. Hun Manet calls on citizens and students to research carefully before sharing information on social media. The Prime Minister warns against spreading false information that can harm society. |

NBC Predicts Healthier Economic Growth in 2024

PHNOM PENH, May 23, 2024 — The National Bank of Cambodia (NBC) has forecasted a healthier economic growth rate and a decline in inflation for Cambodia in 2024, despite global economic challenges stemming from geopolitical tensions and rising interest rates.

In its latest report issued on Monday, the central bank projected that Cambodia's Gross Domestic Product (GDP) will expand by a robust 6 percent in 2024, supported by improved external and domestic conditions. The IMF has predicted global growth at 3.2 percent this year, higher than previous forecasts, due to greater-than-expected resilience in the U.S. and faster economic recovery in China, which are also Cambodia’s main trading and investment partners, the central bank stated.

“The Cambodian economy is supported mainly by exports of both garment and non-garment products, an increase in the tourism sector and related industries, while the agricultural sector grows at a slower pace,” said NBC Governor Dr. Chea Serey during the launch of the Financial Stability Review 2023 on May 20.

“The Regional Comprehensive Economic Partnership (RCEP) and other Free Trade Agreements (FTAs) could attract more FDIs and help Cambodia diversify its production and exports,” she added.

The report acknowledged potential challenges, including geopolitical tensions, prolonged tightening of monetary policies in advanced countries, weaker-than-expected growth in China, and climate change. These risks could slow global economic and trade activities, affecting exports, investment, and capital flows into Cambodia.

Dr. Chea Serey highlighted the resilience of Cambodia’s banking system amid successive external challenges. “Facing these potential challenges, the NBC will continue to collaborate with relevant authorities to ensure the strength of Cambodia’s banking system and will introduce necessary measures to support economic growth and maintain national financial stability,” she said.

Cambodia’s economic growth is primarily driven by garment exports, tourism, agriculture, as well as construction and real estate. The NBC predicted that inflation in Cambodia will remain low and manageable. The inflation rate, which peaked at 2.1 percent in 2023 due to rising global fuel and food prices, is projected to fall to 2 percent by the end of the year.



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