Economy and commerce

E-wallet payments nine times GDP: NBC

E-payment trends in Cambodia have significantly consolidated in recent years as more and more people transition from cash-based to digital transaction options, the National Bank of Cambodia (NBC) reaffirmed in a recent report. ...

May Kunmakara

Kingdom due to host Asia-Pacific financial development forum

Cambodia is set to host the 47th Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Annual Meetings from May 14-16, 2024. Centred on regional financial development, the meetings are expected to bring together delegates from some 40 countries to share their knowledge ...

May Kunmakara

Textile industry seeks solutions for circular economy

Government representatives and industry leaders in Cambodia are joining forces to explore opportunities for a circular textile economy, aiming to address the pressing challenges in waste management within the textile industry. ...

Seng Mengheng

China’s BRI flagship project in Cambodia injects momentum to growth, improving livelihoods

The Sihanoukville Special Economic Zone (SSEZ), a flagship project in Cambodia under China’s Belt and Road Initiative (BRI), has not only injected impetus into the kingdom’s economic growth, but also importantly contributed to improving livelihoods of tens of thousands of locals. ...

Khmer Times Staff

Kingdom, China to deepen trade, investment, tourism ties

Cambodia and China will jointly hold a series of events this year to boost trade, investment, tourism, and other key areas of cooperation, a senior official said. ...

Adur Pradeep

Cabinet approves $1.7B Tonle Bassac project

The Council of Ministers on Friday approved the Tonle Bassac navigation and logistics system project worth approximately $1.7 billion to maximise the potential of Cambodia’s waterway transportation by connecting the Mekong River system to the sea after a 26-month study has been completed, said a ...

Kang Sothear

Cambodia’s rubber exports earn more than $200 million, up nearly 40%

Cambodia earned more than $200 million from the export of rubber and rubber products, an increase of more than 38 percent compared to the same period in 2022, reaching just over $149 million. This is according to the four-months report of 2023 of the General ...

Khmer Times Staff

World Bank says Cambodia needs to diversify its tourism products and improve its trade competitiveness

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent in 2023, led by manufacturing exports, according to a World Bank report. ...

Khmer Times Staff

World Bank: Cambodia’s economy on solid recovery path

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5% this year, according to a World Bank (WB) report. ...

Khmer Times Staff

PPWSA posts higher net profit in Q1’23

The capital’s sole water concessionaire, Phnom Penh Water Supply Authority, saw increased net profit and revenue between January and March this year ...

Sangeetha Amarthalingam

Cambodian durian sector exploring export opportunities to China

Recently, the Samlot Durian Cluster, a durian association based in Cambodia’s Battambang province, held a meeting with several investors to discuss export opportunities to China, even though Cambodian durians have not yet secured access to this lucrative market. ...

Khmer Times Staff

New AEO trade initiative set to draw more players to Cambodia

Cambodia’s new AEO (authorised economic operator) programme – and implementation thereof by Customs (GDCE) – will make life more convenient for investors and support initiatives to attract additional players to the Cambodian market, observers have claimed. ...

Hin Pisei

CSX-listed state firms post dull results for start of 2023

Two local public-listed state-owned enterprises (SOE) have posted financial results for either the first three or four months of the year, which fell somewhat short of expectations, as local, regional and global economies continue to feel the shockwaves of the Russo-Ukrainian conflict. ...

May Kunmakara

Koh Kong int’l airport not set for trial flights: governor

Koh Kong provincial governor Mithona Phouthong has warned that proposed flight trials at the province’s Dara Sakor International Airport could possibly be postponed as the developers need more time to complete construction and address some remaining shortcomings. ...

Van Socheata

Cambodia rolls out UN-linked five-year green economy plan

The environment ministry on May 12 formally rolled out the five-year Partnership for Action on Green Economy (PAGE) Cambodia, in an affirmation of the Kingdom’s commitment towards sustainability and inclusivity in economic growth. ...

May Kunmakara

PPAP revenue dips 14% to $10.77M in four months

The Phnom Penh Autonomous Port (PPAP) posted total revenue of $10.77 million for the first four months of this year, down 14 percent from its revenue of $12.53 million for the same period in 2022. ...

Adur Pradeep

Private sector investment key to Asia infrastructure

Governments in Asia must create a more conducive environment to encourage private sector investment in infrastructure construction, according to experts, who advocate an innovative financing mechanism. ...

Khmer Times Staff

RCEP, FTAs to put region, Cambodia in better position to recover from pandemic impacts

The Regional Comprehensive Economic Partnership (RCEP) trade pact and bilateral free trade agreements will put the region and Cambodia in a better position to recover from the impacts of the COVID-19 pandemic, a Cambodian scholar said on Wednesday. ...

Khmer Times Staff

175 tenants employ ‘30,000’ at S’ville SEZ

The Sihanoukville Special Economic Zone (SSEZ), the Kingdom’s largest industrial park in terms of size and occupancy, now houses 175 tenants, which employ about 30,000 people, according to local reports. Notable nationalities of enterprise owners include China and the US, as well as those from ...

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