Inflation in Cambodia continuously increased in the first months of this year, from 1.22% in February to 1.61% in March and skyrocketing to 7.2% in May - the highest recorded in the country in the last decade, according to the National Bank of Cambodia (NBC).
A view of a market in Phnom Penh, Cambodia (Photo: AFP/VNA)
Phnom Penh (VNA) - Inflation in Cambodia continuously increased in the first months of this year, from 1.22% in February to 1.61% in March and skyrocketing to 7.2% in May - the highest recorded in the country in the last decade, according to the National Bank of Cambodia (NBC).
Cambodian press have quoted NBC Governor Chea Chanto as saying that the impact of the rising prices of oil and food in the world causes inflation in the country to increase continuously.
Speaking at a conference on July 20 to review the bank’s operation in the first half of 2022 and its orientations in the remaining months of this year, Chanto said the prolonged Russia - Ukraine conflict and the sanctions against Russia have pushed food and oil prices up, causing inflation hike in Cambodia.
The NBC is considering implementing a monetary policy to control inflation and support economic recovery in the direction of stabilising the exchange rate, maintaining the purchasing power of the local currency and the income of vulnerable groups.
To promote economic growth, the monetary easing policy will continue to be implemented by ensuring that the required reserve ratio is kept at 7%, thus helping financial institutions and banks to have more cash.
Chanto said the NBC has tightened regulations in a prudent manner before the COVID-19 crisis, especially in increasing capital, increasing liquidity and contingency.
These factors allow NBC and the Cambodian banking system to relax regulations during the pandemic and in the economic recovery period, he added./.
Cambodia expects to attract 1 million international tourists in 2022, much higher than the figure of 200,000 last year, Tourism Minister Thong Khon said on July 14.
Cambodia’s anti-drug police have arrested a gang of 11 foreigners who were suspected of producing illicit drugs and confiscated nearly two tonnes of narcotics in Phnom Penh and three other provinces, the Khmer Times reported.
Cambodia shipped 327,000 tonnes of rice to 51 countries and territories in the first half of this year, up 16.6% year-on-year, earning 279 million USD, according to the country’s Ministry of Agriculture, Forestry and Fisheries.
The Phnom Penh-Sihanoukville Expressway will be put into temporary use in October this year, offering a free-of charge usage to commuters for a month, according to Cambodian Minister of Public Works and Transport Sun Chanthol.
The Lao People’s Revolutionary Party (LPRP) Central Committee’s Commission for Propaganda and Training on August 12 hosted a ceremony and exhibition marking the 75th anniversary of Mass Media and Publishing Day (August 13, 1950 – 2025).
Analysis by an economist found the US tariffs may reduce Thailand's exports by 8.16 billion USD, and when factoring in the trade diversion effect, they could drop by 457 billion THB (14.14 billion USD) this year.
Laos has reaffirmed its strong commitment to protecting forests and enhancing climate change adaptation, calling for deeper regional cooperation to safeguard ecosystems and promote sustainable development.
The import restriction will remain in effect until further notice, depending on developments in disease prevention and control efforts in affected countries, according to the Philippine Department of Agriculture.
Addressing the event, Indonesian Ambassador Dr. Bebeb A.K.N. Djundjunan, who is now holding the ACAT rotating chairmanship, highlighted ASEAN’s message on a more united, resilient, inclusive, and sustainable association. He reviewed key achievements of the group, such as community building and expanded cooperation with global partners.
The Initiative for ASEAN Integration (IAI) has become a key mechanism in narrowing development gaps among member states, helping the CLMV fully implement the joint commitments and comprehensively participate in the bloc’s integration and community building processes.
Four other major Thai destinations - Phuket, Pattaya, Chiang Mai, and Hat Yai - also ranked among the region’s top cities for repeat visits, reflecting Thailand’s diversity and enduring appeal for travellers of all types.
In its Pre-Budget Statement 2026, the ministry stated that growth will be anchored by resilient domestic demand, particularly through private investment, stable employment, and income-enhancing measures such as targeted cash transfers and wage increases.
Singapore is at risk of chikungunya transmission as the number of reported cases this year has more than doubled compared to last year, the country’s Communicable Diseases Agency (CDA) has reported.
On August 11, major RoK outlets, including Yonhap News Agency, KBS, The Korea Herald, and The Korea Times, provided prominent coverage of the talks held the same day between General Secretary Lam and President Lee Jae Myung, during which both sides agreed to strengthen cooperation in economy, security, technology, and culture.
The Singaporean government needs to enable people, workers and businesses to make full use of these tools, and enhance their competitive advantage. It “will walk this journey” with Singaporeans as it has done for the past six decades, said Prime Minister Lawrence Wong.
The meeting provided an opportunity to reaffirm both ASEAN member states' and partners’ commitment to strengthening cooperation and narrowing development gaps.
Thailand emits roughly 350 million tonnes of carbon dioxide equivalent annually, with the energy and industrial sectors accounting for more than 75% of this amount. Though this volume represents just 1% of global emissions, the Thai Government is eager to achieve carbon neutrality, a balance between carbon dioxide emissions and absorption, by 2050.
The Malaysian government is undertaking a structured assessment to examine the role of nuclear power as a potential option for clean, stable, and competitive electricity within Malaysia’s future energy mix.
It aims to identify and honour digital technology initiatives, products, and solutions with practical applications; promote creativity in technology development; anticipate trends and development potential in digital technology; and recognise the role of digital technology in economic growth and enhancing quality of life for citizens in ASEAN countries.
Addressing the ceremony, Indonesian Ambassador Simon D.I. Soekamo, the rotating Chair of the ASEAN Committee in Cuba, highlighted the bloc's spirit of friendship and solidarity, and reaffirmed ASEAN's core values of peace, stability, and prosperity through cooperation and dialogue.
A view of a market in Phnom Penh, Cambodia (Photo: AFP/VNA) 
