Economy and commerce

The General Department of Taxation (GDT) has collected $2,680 million in tax income in three quarters of this year, representing 95 percent of the national budget plan 2022. ...

Good diplomatic cooperation had led to a significant increase in trade between the two countries. Cambodian exports to the UK increased 42 percent to over $627 million. ...

The Korean National Assembly has ratified a free trade agreement with Cambodia that will boost the Kingdom’s exports in a raft of areas. ...

As Cambodia navigates a post-pandemic world, international tourist arrivals lag with 1.5m to 2m tourists predicted for 2022. This is estimated to rise to pre-Covid levels of 7m by 2026. ...

Government officials and business leaders from China and the Association of Southeast Asian Nations are bullish on future business growth opportunities arising from the Regional Comprehensive Economic Partnership agreement, speakers said at the recently concluded 19th China-ASEAN Expo, which was held from Sept 16 to ...

Cambodia’s GDP growth is estimated to reach 4.8% this year, and continue rising for the next two years while remaining below pre-pandemic levels, and inflation may hit 6%, more than double the rates of the last two years, the World Bank said. ...

Cambodia and the UK have pledged to further boost trade cooperation after January-August bilateral trade soared more than two-fifths compared to the same period last year. ...

Digitising payments could bring substantial cost savings for micro-, small-, and medium-sized enterprises (MSME), not only by simplifying cash management processes but also reducing potential opportunities for misappropriation or corruption, according to the central bank chief. ...

Trade between Vietnam and Cambodia reached a record $7.7 billion in the first eight months of the year. ...

Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Cambodia Prak Sokhonn had separate bilateral meetings with his counterparts from Gambia and Brazil to exchange views on promoting bilateral relations, in New York City, USA on Sept. 22, on the sidelines of ...

ADB will support the Skills for Future Economy Sector Development Program in Cambodia, said a top official of the bank. The bank is the leading development partner in the technical and vocational education and training (TVET) sector. ...

Two major multilateral lenders have forecast Cambodia’s economic growth for 2022 at around five per cent, buoyed by bumper export performance earlier in the year, coupled with ongoing policy support and continued tourism recovery, but held back by external pressures associated with Covid-19 and the ...

The International Monetary fund has predicted inflation in Cambodia will peak this year due to global pressures, weakened export orders, and a slowing real estate market, before falling from 2023 onwards. ...

The nearly 160 per cent surge in investment capital behind a slew of new large-scale investment projects outside of Cambodia’s special economic zones (SEZ) reported for the first half of 2022 has fanned optimism for a boom in production and exports – underpinned by favourable ...

Cambodia is looking to drum up interest among Korean investors in the production of goods in the Kingdom for export to their home market, and push bilateral trade beyond current levels – $549.930 million in the first eight months of 2022, up by 6.42 over ...

The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on ...

An International Monetary Fund (IMF) team led by Alasdair Scott said “The Cambodian economy has been recovering, but faces new challenges. ...

ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...

The National Bank of Cambodia (NBC) will proceed with another auction process for the Ministry of Economy and Finance (MEF) to borrow about $50 million from investors for the second time of the government’s plan of issuance for a longer period of time of repayment ...

Train operator Royal Railway Plc, a subsidiary of local conglomerate Royal Group of Companies Ltd, has received “approval in principle” from the Council of the Non-Banking Financial Services Authority (NBFSA) to issue a bond worth about $10 million on the Cambodia Securities Exchange (CSX), which ...