Cambodia’s aim to become an automotive parts manufacturing hub, making a wide range of low-to-medium complexity components for export, is an important part of its plan to diversify the economy and also to offset the impact of the Covid-19 pandemic on the traditional key sectors, ...

The government has revised down its 2023 growth forecast for the Cambodian economy to 5.6 per cent versus the 6.6 per cent it put forth in October, citing uncertainty about global economic growth tied to the Ukraine conflict, climate change and the Covid-19 crisis. ...

Prime Minister Hun Sen yesterday urged Asean Member States to step up cooperation in the digitalisation efforts and make the wider adoption of the new technology a priority to recover fast the region’s socio-economic development from the clutches of the Covid-19 pandemic. ...

Public-listed industrial-park operator Phnom Penh SEZ Plc (PPSP) revealed that employment among the 120 tenants of its Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) southwest of the capital’s airport has increased by over 85 percent since 2019, despite the Covid-19 crisis and resulting job ...

Cambodia’s fresh banana exports to regional markets in the first quarter of the year have improved compared to 2022, mainly due to the lifting of Covid-19 lockdowns in China – the Kingdom’s biggest market – and a reduction in shipping costs, said Longmate Agriculture CEO ...

The General Department of Taxation (GDT) announced that it collected 84.67 billion riel, or $20.91 million, in value-added tax (VAT) from e-commerce in the first quarter of the year, which is seen as a reflection of the boom in online transactions witnessed since the advent ...

Vietnam-Cambodia Friendship Association has been playing an important role in building the closer ties between the people of the two countries through various activities, including visit and cultural exchanges, youth-women-businessperson relationship promotion, humanitarian activities, and mutual support in preventing COVID-19. ...

Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the ...

Despite the reduction of electricity tariffs for factory workers suspended due to the COVID-19 pandemic, the Electricity Authority of Cambodia (EAC), the autonomous government agency responsible for managing and administering electric power in the country, has said that “a general plan for electricity bill reduction ...

Forest activists claimed they had observed more cases of deforestation in the Prey Lang area than before the Covid-19 outbreak. They alleged that three companies had sent workers to log and transport timber with no crackdown by the relevant authorities. ...

Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows. ...

Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic. In a circular on budget planning for 2021-2023, he said Cambodia has recorded a strong fall in demand from its trading partners. ...

On 17 June  2020, the Inter-Ministerial Committee for Combating Covid-19  has post an announcement on the adjustment to the measures to facilitate Cambodian citizens that hold foreign passports entry to Cambodia, the adjustment to quarantine measure to Foreign diplomats and  International Organization Officials who hold ...

Cambodia exported $14.1 billion worth of goods in the first nine months of this year, up 20.07 per cent from the same period last year, despite Covid-19’s production-chain disruptions and its impact on global demand, the Ministry of Economy and Finance reported. ...

Cambodia’s exports to the US was valued $6,059 million worth of goods in the first eleven months of 2020, inching up 17 percent compared to that in a year before, reflecting strong export amid the world face hard time of COVID-19 pandemic. ...

National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...

The government on March 22 issued a plea to developers of borey gated-communities and condominiums in Cambodia to ease some of the financial pressure facing customers to pay monthly installments until the end of March 2022, in light of the Covid-19 pandemic. ...

On 12 April 2021, the Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) issued an additional statement on the updated version of banking and financial institutions intervention measures to further support and favor clients who are affected by COVID-19. ...

A six-year, pioneering regional technical assistance initiative has boosted the capacity of health systems in Cambodia, the Lao People’s Democratic Republic (Lao PDR), and Viet Nam to respond to climate-induced health threats amid the coronavirus (COVID-19) disease pandemic, the Asian Development Bank (ADB) announced today. ...

The US remained the biggest market for Cambodia’s export products in 2021 despite the Covid-19 pandemic. Cambodia’s eight-month exports to the US increased sharply although some products were made without the Generalised System of Preference (GSP), which means tariffs would have been paid. ...