Economy and commerce

Tourism players and economic experts have welcomed SME Banks’ loan scheme of more than $50 million to help Siem Reap business owners. However, while potentially improving tourism performance, concerns have been raised about mounting debt. ... ...

The Ministry of Tourism (MoT) in collaboration with the Small and Medium Enterprise Bank of Cambodia (SME Bank) early this week launched financial schemes aimed at providing tourism business owners to develop or expand their operations in Siem Reap province. ... ...

The Japan-Cambodia Association office, officially inaugurated on Monday in Phnom Penh, will play an important role in attracting more Japanese businessmen and investors to Cambodia, said Heng Sour, Minister of Labor, Vocational Training (MLVT). ... ...

Cambodia is ready to be a strategic partner of businessmen and investors to seize ASEAN’s viable economic opportunities and is committed to working closely with ASEAN member states and dialogue partners to build a resilient, sustainable and competitive ASEAN Economic Community (AEC) for the common ...

The Cambodian government has formed a committee tasked to solve problems faced by the private sector and promote investment and business environment in the country. ... ...

The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...

Cambodia is ready to be a strategic partner of businessmen and investors to seize ASEAN’s viable economic opportunities and is committed to working closely with ASEAN member states and dialogue partners to build a resilient, sustainable and competitive ASEAN Economic Community (AEC) for the common ...

The advancement of Science, Technology, and Innovation is instrumental in propelling Cambodia towards its goal of becoming a high-level middle-income country by 2030 and a high-income country by 2050. ... ...

The National Bank of Cambodia (NBC) Governor Chea Serey encouraged businesses in the Kingdom to prioritize internal policies to pay staff salaries in Khmer Riel (KHR) as opposed to the US dollar (USD), especially in regards to businesses involved in the garment, textile and footwear ...

Heng Sour, Minister of Labor and Vocational Training, said that Cambodia is ready to support Japanese investors who want to invest in Cambodia and expand labor cooperation between Cambodia and Japan. ...

Prime Minister Hun Manet underlined the Royal Government’s ambition and comprehensive reforms to streamline processes and increase overall investor attractiveness. ... ...

The Sihanoukville Autonomous Port (PAS), the only international deep-sea port of Cambodia, yesterday, reported a net profit of KHR 121.96 billion for last year, a surge of KHR 37.81 billion or 44.93 percent compared to 2022. ... ...

The World Bank forecast Monday that GDP in Cambodia and the Philippines would expand by 5.8 percent this year, making the two countries the fastest growing developing economies in Southeast Asia. ... ...

Cambodia is expected to see a 6.6-percent rise in its economy in 2024 from 5.6 percent in 2023, the country’s Prime Minister Hun Manet said here on Tuesday. ... ...

Cambodia’s commitment and efforts in unleashing the broader ASEAN market and beyond cropped up for discussion on Monday evening during the cocktail networking event of the Cambodia-ASEAN Business Summit (CABS) at Sofitel Phnom Penh Phokeethra in the capital. ... ...

Some 1.8 billion Khmer riel and US dollar digital transactions valued at $492 billion were recorded in 2023, which rose over 600 million from 1.1 billion transactions in 2022, the National Bank of Cambodia (NBC) said on March 29. This significant increase, an economist opined, ...

Three villagers from Cambodia traveled to Thailand to file documents against one of the world’s largest sugar manufacturers, Thai-owned Mitr Phol Sugar Co Ltd, at a Thai court on Wednesday. ... ...

Minister of Industry, Science, Technology, and Innovation Hem Vanndy said the government is committed to promoting micro, small and medium enterprises (MSMEs) access to finance and motivating informal SMEs to register into the formal economy. ... ...

Cambodia and France will join hands to organise a roadshow in the European country to attract more investors to the Kingdom. ... ...

The General Department of Taxation launched its e-Administration, the smartphone-based app application where taxpayers can check and track their tax payment documents. ... ...

More than 10,000 tourists woke up at 5am yesterday to visit Angkor Wat temple in Siem Reap to watch the Spring Equinox sunrise. ... ...

National Bank of Cambodia (NBC) governor Chea Serey announced an increase in electronic transactions and payments in Cambodian riel for 2023, noting that they were 44% higher than in 2022. ... ...

The private sector has expressed support for the plan to establish a green special economic zone (SEZ) in Koh Kong province, viewing it as a role model for others to emulate. Cambodia currently utilises “almost 70%” clean energy nationwide. ​... ...

Over the past eight years, the Mekong-Lancang Cooperation (MLC) mechanism has not only established itself as an effective model for win-win cooperation but has also made consistent progress, enhancing collaboration among Mekong countries in various fields, according to Cambodia’s foreign ministry. ... ...