Economy and commerce

Cambodia registered 40 new investment projects worth more than US$900 million in the first three months of this year, according to the Council for the Development of Cambodia (CDC). ...

The Anti-Corruption Unit (ACU) yesterday inked a memorandum of understanding (MoU) with the Japanese Business Association in Cambodia (JBAC), to build trust and create a better investment environment for Japanese companies and other investors in Cambodia. ...

On Wednesday, Prime Minister Hun Sen said Cambodia remains open to cross-border trade with neighbouring countries, but the borders will remain closed to citizens and travelers. ...

Bilateral trade between Cambodia and Indonesia jumped 46 per cent to a record high of more than $792 million last year, from $543 million in 2018, the Ministry of Commerce said. ...

The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. ...

Thailand closes all road travels with Cambodia and tightens conditions for air travel as the measures to prevent the widespread of Covid-19. Thai authorities have begun to carry out the notification of a temporary travel suspension of all border entrances, with some of the ports ...

Cambodia​ and​ Vietnam​ have​ agreed​ to​ allow​ cargo​ trailers​ to​ enter​ the​ common​ Bavet-Moc​ Bai​ border,​ located​ in​ Cambodia’​ Svay​ Rieng​ province​ (Bavet)​ and​ Vietnam’s​ Tay​ Ninh​ province​ (Moc​ Bai)​ after​ movement​ restrictions​ were​ enforced​ to​ prevent​ a​ Covid-19​ outbreak.​ ...

Although controls have been tightened due to the new coronavirus, trade between Cambodia and Vietnam continues, with the countries aiming to achieve $5 billion in trade by the end of the year, a Vietnamese official has confirmed. ...

Nearly a hundred employees of Sihanoukville’s Yaduoli Casino yesterday staged a protest over outstanding wages after the company failed to pay them. ...

The Ministry of Planning said yesterday COVID-19 will hinder a national development plan from upgrading the Kingdom to become a higher middle income country. ...

Some foreign garment buyers have notified garment factories in Cambodia for a suspension on the shipment of garment exports from Cambodia to European and US markets due to the effects of the COVID-19 outbreak. The statement comes after the recent arrival of raw materials from ...

Cambodia has asked for Vietnam’s coordination to ensure uninterrupted cross-border transport of goods amid the COVID-19 epidemic. ...

The Council for the Development of Cambodia has approved three investment projects with a total capital of US$7 million. ...

The government yesterday launched a $50million special fund for small and medium Enterprise (SMEs) to boost competitiveness, productivity and daily business operations amid the impact of the pandemic Covid-19 and a 20 percent withdrawal of zero tariffs under the EU’s Everything but Arms (EBA) trade ...

Small and medium enterprises (SMEs) have called for increased restrictions over allowing imported products from abroad access to their  domestic  markets. ...

The Council for the Development of Cambodia has approved 15 investment projects in several provinces worth at least $530 million.​ ...

Malaysia’s leading Insurance and Takaful Company Etiqa has started operations in Cambodia, allowing the local people to experience a fast and easy way to get insured. Etiqa has entered the Kingdom upon seeing the vast potential the local market has to offer, with 97% of ...

The Garment Manufacturers Association in Cambodia (GMAC) said on Wednesday that 12 more Chinese ships transporting raw materials for garment industry will arrive in Cambodia this week. ...

The Ministry of Posts and Telecommunications of Cambodia (MPTC) has asked regulators to explore the possibility of telecom operators Kingtel and Seatel jointly running as providers on Cambodia’s new 5G network. ...

The Council for the Development of Cambodia (CDC) approved four projects, worth a combined $17.4 million, during the first 10 days of February. ...

The president of the Cambodian Investment Federation on Sunday highlighted the critical role of e-commerce in the local market as the government works to turn the Kingdom into a digital economy. ...

The state-run Small and Medium Enterprise (SME) Bank has been confirmed to bring forward their opening date to earlier this year than previously planned, stated a senior government official yesterday at the Council of Ministers. ...

The Royal Government of Cambodia has unveiled plans to improve facilities at border gates with Thailand and Vietnam in order to ease cross-border transport and boost trade activities.   ...

Cambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more  imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. ...