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Category: Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

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Angkor Times
Angkor TimesExperienced
Asked: April 12, 2026In: Money

Inside Funan Techo Canal Phase 2: What You Need to Know

Cambodia has officially taken a significant step toward transforming its transport infrastructure with the launch of construction for the Funan Techo Canal. Prime Minister Hun Manet announced the start of Phase 2 of the Funan Techo Integrated Water Resources Management ...Read more

Cambodia has officially taken a significant step toward transforming its transport infrastructure with the launch of construction for the Funan Techo Canal. Prime Minister Hun Manet announced the start of Phase 2 of the Funan Techo Integrated Water Resources Management Project, covering a 151.6 kilometre stretch from Prek Por in Kandal province to the coastal province of Kep.

This ambitious development is designed to connect Cambodia’s inland river system directly to the sea, opening a new chapter in the country’s water transport capabilities and long term economic planning.

Funan Techo Canal Phase 2 launch
Image created by AI as a reference only.

A Vision Rooted in National Development

In a statement shared publicly, Hun Manet emphasized the broader purpose behind the project, highlighting its role in strengthening national infrastructure and serving the public interest.

“The Funan Techo Integrated Water Resources Management Project represents a historic first for Cambodia’s inland water transport sector, aiming to connect the river system to the sea,” Manet said. The initiative reflects a clear commitment from the government to rebuild and modernize waterways that can support both domestic logistics and international connectivity, reinforcing Cambodia’s position in regional trade networks.

Reviving Ancient Waterways with Modern Strategy

The canal project is not only about future growth but also about reconnecting with Cambodia’s past.

According to Hun Manet, the concept was originally envisioned by Senate President Hun Sen and is rooted in the restoration of ancient waterways used by Khmer civilizations more than two thousand years ago. By bringing this vision to life, the government aims to combine historical legacy with modern engineering, creating a transport system that is both culturally meaningful and economically strategic.

Driving Economic Corridors and Industrial Growth

Once completed, the Funan Techo Canal is expected to serve as a vital economic corridor linking Phnom Penh with coastal regions. This connection will help facilitate smoother movement of goods, boost industrial diversification, and strengthen Cambodia’s logistics network.

The canal will also integrate key economic zones including fisheries and rice producing areas, as well as industrial and mineral corridors connected to the upper Mekong region. These improvements are expected to support more balanced regional development while enhancing the country’s competitiveness.

A Strategic Investment for the Future

With an estimated investment of 1.7 billion US dollars, the canal represents one of Cambodia’s most significant infrastructure projects in recent years. Although it previously faced delays due to land related challenges, construction is now moving forward as part of a long term national strategy.

The project also aligns with environmentally conscious development principles, ensuring that economic expansion is balanced with sustainability. Over time, it is expected to strengthen Cambodia’s independence in water transport and reduce reliance on external routes.

Conclusion

The launch of the Funan Techo Canal marks a transformative moment for Cambodia’s infrastructure and economic future. By linking inland waterways to the sea, the country is not only improving transport efficiency but also laying the foundation for sustained growth and regional integration.

With strong leadership, strategic vision, and significant investment, this project positions Cambodia closer to its long term goal of becoming a high income nation by 2050.

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Angkor Times
Angkor TimesExperienced
Asked: April 10, 2026In: Money, Tech

Cambodia New law to Eliminate Online Scams: Will New Penalties Stop Online Scam Networks in Cambodia?

Cambodia is taking a decisive step to wipe out online scam networks with the introduction of a new Law on Combating Online Scams, signaling a strong commitment to restoring security and public trust. Senior Minister Chhay Sinarith, who heads the ...Read more

Cambodia is taking a decisive step to wipe out online scam networks with the introduction of a new Law on Combating Online Scams, signaling a strong commitment to restoring security and public trust. Senior Minister Chhay Sinarith, who heads the Secretariat of the Commission for Combating Online Scams, shared this vision during a briefing with diplomats and international organisations. He emphasized that technology driven crime remains one of the government’s top priorities and expressed confidence that with strong global cooperation, Cambodia can fully eliminate these criminal operations. He also called on international partners to continue supporting efforts through capacity building, technical assistance, and coordinated repatriation initiatives.

Cambodia fights online scams with technology

Rising Threats Prompt Stronger Action

The growing sophistication of cross border scams has created serious concerns for Cambodia, affecting both national reputation and public safety. Authorities acknowledge that these criminal networks have evolved rapidly, using advanced tools and operating across multiple jurisdictions. In response, the government has already carried out a nationwide crackdown that has delivered tangible results. The new law is designed as a comprehensive framework to strengthen enforcement, deter offenders, and address the root causes of cybercrime. It reflects a broader strategy to protect citizens while rebuilding confidence among investors, partners, and the international community.

Strict Penalties Under New Law

The newly enacted legislation, which came into effect on April 6, introduces tough penalties aimed at dismantling scam operations at every level. Ringleaders of online scam centres face between 15 and 30 years in prison, with life imprisonment applied in cases involving loss of life. Other leaders could receive five to 10 years behind bars along with fines of up to 1 billion riels, equivalent to about 250,000 US dollars. Penalties increase significantly to 20 years in prison and fines of 2 billion riels if crimes involve violence, torture, human trafficking, or forced labour. Individual scammers are also held accountable, facing two to five years in prison and fines of up to 500 million riels. These measures send a clear message that Cambodia is serious about ending cybercrime.

Fair Enforcement and Protection Measures

Authorities have stressed that enforcement of the law will be carried out transparently and in full accordance with due process. The government also aims to ensure protection for those who cooperate with investigations, as well as genuine victims and innocent property owners who may be affected by these operations. This balanced approach is intended to strengthen trust in the legal system while ensuring that justice is applied fairly and consistently.

Tackling Technology Driven Crime

Beyond legal enforcement, Cambodia is also addressing the technical challenges that enable online scams to thrive. Criminal groups increasingly rely on artificial intelligence, encrypted platforms, and complex financial systems to carry out illicit activities. The government is working to strengthen its technical capabilities to counter these threats effectively. Minister of Interior and Deputy Prime Minister Sar Sokha previously revealed that more than 30,000 suspected foreign scammers have been deported, while another 210,000 individuals left the country voluntarily as enforcement efforts intensified from mid 2025. These actions highlight the scale of the crackdown and the government’s determination to restore Cambodia’s international image.

Conclusion

Cambodia’s new law marks a significant turning point in the fight against online scams, combining strict legal penalties with international cooperation and advanced enforcement strategies. As the country continues to strengthen its response to cybercrime, the focus remains on protecting public safety, rebuilding global confidence, and ensuring a secure digital environment for future growth.

Source: AKP

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Angkor Times
Angkor TimesExperienced
Asked: April 10, 2026In: Money

World Bank Report 2026: Is Cambodia’s Growth Slowing or Just Resetting for a Stronger Future?

Cambodia’s economic outlook for 2026 has been slightly revised, with the World Bank now projecting GDP growth at 3.9 percent, down from its earlier estimate of 4.3 percent. This adjustment comes after the country recorded a solid 4.8 percent growth ...Read more

Cambodia’s economic outlook for 2026 has been slightly revised, with the World Bank now projecting GDP growth at 3.9 percent, down from its earlier estimate of 4.3 percent. This adjustment comes after the country recorded a solid 4.8 percent growth last year, reflecting both resilience and emerging global pressures. The updated forecast was released in the report titled The East Asia and Pacific Economic Update Industrial Policy in the Digital Age, presented by Carlos Felipe Jaramillo. Despite the downward revision, Cambodia remains one of the stronger performers in the region, with growth expected to recover to 4.9 percent in 2027, signaling that the slowdown may be temporary rather than structural.

Cambodia's 2026 GDP growth forecast adjustment

Regional Pressures Shape Economic Trends

The revised outlook is closely tied to broader regional and global challenges, particularly rising oil prices and energy related shocks.

During the briefing, Jaramillo explained, “While many economies in the EAP enter this period with relatively strong macro fundamentals, others face high inflation, limited fiscal space, or high debt vulnerability. As a result, our report projects regional growth to slow to 4.2 percent in 2026, down from 5.0 percent last year.”

These pressures are expected to impact countries differently depending on their reliance on energy imports and their ability to respond through policy measures. Prolonged shocks could also increase living costs and unemployment, especially among vulnerable populations.

Cambodia Remains Competitive in the Region

Even with a moderated growth forecast, Cambodia continues to hold a strong position among its regional peers. The country is projected to rank just behind Vietnam, which is expected to grow at 6.3 percent, while staying ahead of Lao PDR at 3.5 percent and Thailand at 1.3 percent. This relative performance highlights Cambodia’s steady economic foundation and its ability to remain competitive within the East Asia and Pacific region, even in a more challenging global environment.

Opportunities from AI and Industrial Policy

Beyond short term challenges, the report also highlights emerging opportunities that could reshape the region’s economic future.

Jaramillo noted, “The second message is also a positive story around artificial intelligence (AI) driven opportunities in our region,” pointing to the growing role of AI in transforming global supply chains and attracting investment. He added, “With further investment in connectivity, digital infrastructure, and skills, we believe broader AI adoption across the region can accelerate productivity growth and support long-term development.” In addition, he stressed the importance of strong industrial policy, stating, “Getting this sequentially right is essential to ensure that policies raise productivity and support sustainable job creation.”

These insights underline the need for Cambodia to continue investing in innovation, infrastructure, and human capital.

Economist Sees Resilience Despite Uncertainty

Sharing his perspective, Duch Darin explained that the World Bank’s revised forecast reflects ongoing geopolitical uncertainties, particularly tensions in the Middle East that influence global energy markets.

He noted, “However, we should continue to monitor the situation closely over the next two weeks, as crude oil prices have declined following the fragile ceasefire agreement between the US and Iran, which could reduce import costs and lower inflation in the short term.” Despite these uncertainties, Darin emphasized that Cambodia’s economy remains fundamentally resilient, supported by rising export volumes and increasing foreign direct investment in the early months of 2026. This trend signals continued investor confidence in the country’s economic management and diversification strategy.

Conclusion

While Cambodia’s growth forecast for 2026 has been adjusted downward, the overall outlook remains cautiously optimistic. External pressures such as energy shocks and geopolitical tensions are influencing the pace of growth, but strong fundamentals, rising investment, and regional competitiveness continue to support the economy. With opportunities emerging from digital transformation and well designed industrial policies, Cambodia is still on track to strengthen its long term growth trajectory, even in a more uncertain global landscape.

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Angkor Times
Angkor TimesExperienced
Asked: April 8, 2026In: Money, Travel

Why Must Tourism Businesses Display Prices This Khmer New Year?

Transparent Pricing to Build Visitor Trust As Cambodia prepares for the vibrant celebrations of Khmer New Year, the Ministry of Tourism is taking steps to ensure a smoother and more transparent experience for travelers. Tourism operators across the country ...Read more

Transparent Pricing to Build Visitor Trust

As Cambodia prepares for the vibrant celebrations of Khmer New Year, the Ministry of Tourism is taking steps to ensure a smoother and more transparent experience for travelers. Tourism operators across the country have been instructed to clearly display their products and services along with pricing and conditions. The goal is simple but important, to help visitors make confident and informed decisions when choosing where to stay, eat, or explore during the busy holiday period. By making prices visible and easy to understand, the ministry aims to reduce confusion, prevent overcharging, and build greater trust between businesses and tourists.

Khmer New Year tourism pricing

Supporting Better Service and National Image

This directive is part of a broader push to improve service quality under the campaign “Clean City, Clean Resort, Good Service and Good Hospitality.” With thousands of local and international tourists expected between April 14 and 16, the ministry is focused on ensuring that Cambodia presents itself at its best. Tourism operators are encouraged to work closely with authorities to maintain safety, order, cleanliness, and an appealing environment at their premises. These efforts are designed not only to enhance visitor satisfaction but also to strengthen Cambodia’s reputation as a welcoming and reliable travel destination.

Blending Culture with Festive Atmosphere

Beyond pricing transparency, businesses are being encouraged to embrace the spirit of the holiday by decorating their venues. Displaying the national flag, adding festive lighting, and incorporating Khmer cultural elements or unique provincial identities are all part of the guidance. Inside their establishments, operators are also required to display portraits of the three Cambodian leaders in line with previous ministry guidelines. These measures aim to create a festive yet respectful atmosphere that reflects the country’s rich cultural heritage while honoring tradition.

Improving Organization and Visitor Convenience

To handle the expected surge in visitors, tourism operators are also asked to focus on practical arrangements. Providing adequate parking space and clearly communicating designated parking areas will help prevent congestion and maintain public order. This attention to detail ensures that both domestic and international tourists can move around easily and enjoy the celebrations without unnecessary stress or disruption.

Raising Standards in Service and Hygiene

The ministry is placing strong emphasis on maintaining fair pricing, improving service quality, and investing in staff training. Tourism workers are encouraged to develop their hospitality skills, professional ethics, and service standards to better meet visitor expectations. Cleanliness is another top priority, especially when it comes to restrooms, which must be regularly maintained and fully equipped with essential items such as soap, towels, and tissues, with separate facilities for men and women. These improvements are essential in delivering a comfortable and positive experience for all visitors.

Promoting Shared Responsibility in Tourism

Finally, the ministry is calling on tourism operators to actively support national tourism campaigns, including “Tourism for All, All for Tourism,” “Tourism Grows in Peace,” and “Every Person is an Ambassador for Cambodian Tourism.” These messages highlight a shared responsibility among businesses, communities, and individuals to promote Cambodia as a safe, friendly, and culturally rich destination. By following regulations and embracing these values, the tourism sector can continue to grow in a sustainable and inclusive way.

Conclusion

By requiring clear pricing and encouraging higher standards across the board, Cambodia is taking a proactive approach to improving the tourism experience during Khmer New Year. These measures not only protect visitors but also help build long term trust and credibility for the industry. As the country celebrates one of its most important holidays, the focus on transparency, quality, and cultural pride sets the stage for a more enjoyable and memorable experience for everyone.

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Angkor Times
Angkor TimesExperienced
Asked: April 8, 2026In: Money, Tech

Cambodia’s Scams Crackdown Wins 89% Support, Boosting Business Confidence

Cambodia is seeing a meaningful shift in business sentiment, with growing confidence driven by the government’s aggressive crackdown on online scam operations. According to the latest AmCham Business Outlook 2026 report, 89% of businesses surveyed believe the government’s actions are ...Read more

Cambodia is seeing a meaningful shift in business sentiment, with growing confidence driven by the government’s aggressive crackdown on online scam operations. According to the latest AmCham Business Outlook 2026 report, 89% of businesses surveyed believe the government’s actions are either effective or somewhat effective, while only a small minority remain unconvinced. This marks a turning point after years of reputational challenges tied to the rapid rise of cyber scam networks across the country. Prime Minister Hun Manet’s firm stance on eliminating these operations is now being viewed as a strong signal that Cambodia is serious about creating a safer and more transparent business environment.

Business confidence rises as 89% back Cambodia’s scam crackdown

A long shadow from the scam economy

Between 2015 and 2025, Cambodia became widely associated with industrial scale online scams, alongside neighboring countries like Myanmar. These operations ranged from phishing schemes to romance scams and cryptocurrency fraud, often targeting victims across the globe. The consequences went beyond law enforcement concerns, affecting the country’s image and key sectors such as tourism. Many industry players reported a drop in regional tourist arrivals as safety concerns and negative perceptions took hold. The AmCham report estimates that the tourism sector could take an average of 2.7 years or more to fully recover, highlighting the depth of the damage caused by the scam economy.

Stronger enforcement begins to reshape perception

In response, the Cambodian government has stepped up enforcement in recent months. Authorities have carried out coordinated raids on suspected scam compounds, tightened oversight of suspicious businesses, and increased collaboration with international law enforcement agencies. There is also a stronger focus on regulating foreign owned operations and protecting trafficking victims forced into scam activities. While many businesses describe the short term economic impact as neutral, they are increasingly optimistic about the long term benefits of these actions.

“The short-term disruption is outweighed by the long-term gains,” the report suggests, noting that decisive action against illicit industries signals a commitment to sustainable and responsible economic development.

International cooperation strengthens credibility

Experts point out that one of the key reasons behind the improved sentiment is Cambodia’s growing international cooperation. Thong Mengdavid highlighted that the current crackdown is different from previous efforts because it is more deeply integrated into global enforcement frameworks.

“Cambodia has expanded collaboration with key partners such as the United States (coordination with agencies like the FBI), South Korea (through joint task forces and victim protection mechanisms), and the United Kingdom (notably through coordinated sanctions and financial investigations targeting scam-linked networks) and China as well as Vietnam. The crackdown helps reframe Cambodia from being seen as a hub of transnational cybercrime to a state actively addressing the issue and credible,” Mengdavid said.

He also emphasized the importance of Cambodia’s participation in regional agreements.

“Secondly, Cambodia’s participation in regional and multilateral initiatives, such as its ratification of the Hanoi Convention on combating online scams in October, signals a shift toward institutionalised, rules-based cooperation. Taken together, the survey result is understandable—the crackdown has likely improved business sentiment and Cambodia’s external image in the near term,” he added.

Business leaders see long term opportunity

From the private sector perspective, the crackdown is already helping to restore trust. Vichet Lor believes the government’s consistent approach to tackling illegal activities is key to rebuilding Cambodia’s global reputation and attracting investment.

“Strengthening law enforcement and pursuing social justice on a consistent basis will further enhance Cambodia’s international reputation and attract more foreign investors to the country. Prime Minister Hun Manet’s resolve to fully eradicate scam centres in Cambodia and transform the pockets of black economy to white economy is a resolute stance that sends a strong signal to the international community that Cambodia is a safe place for investing now and in the foreseeable future,” he told Khmer Times.

A cautious but positive outlook

Despite the progress, challenges remain. Rebuilding trust on the global stage will require consistent enforcement, transparency, and continued collaboration with international partners. Still, the survey results show a clear shift in sentiment, with nearly nine in ten businesses acknowledging improvement. Cambodia is now on a path toward repositioning itself as a safer destination for both tourists and investors, with reforms playing a crucial role in shaping its economic future.

Conclusion

Cambodia’s crackdown on online scams is beginning to deliver tangible results, not just in enforcement but in perception. With 89 percent of businesses backing the government’s efforts, confidence is returning and the country’s image is gradually improving. While recovery, especially in tourism, will take time, the long term outlook is increasingly positive. If the government maintains momentum and strengthens transparency, Cambodia has a real opportunity to turn a challenging chapter into a foundation for sustainable growth and renewed investor trust.

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