Economy and commerce

A new report has found that 28.1 per cent of Cambodians borrow money to pay for healthcare, with microfinance insiders claiming it does not reflect the reality in the financial sector. The University of New South Wales (UNSW) surveyed 5,000 households across Cambodia and found ...

Smart Axiata Co Ltd, the Kingdom’s leading mobile telecommunications operator, contributed nearly $374 million to the Cambodian economy last year, accounting for 1.5 per cent of gross domestic product (GDP), its CEO Thomas Hundt said on Wednesday. ...

The government welcomes investment from Germany in the Kingdom’s solar and renewable energy sector as local demand for electricity continues to rise between 15 to 20 per cent annually, Ministry of Mines and Energy official Victor Jona said on Tuesday in Phnom Penh. ...

Chinese Prime Minister Li Keqiang has agreed to a request from Cambodia to provide financial support for the development of Preah Sihanouk province. The request was made on Sunday by Prime Minister Hun Sen on the sidelines of the 35th Asean Summit and Related Summits ...

The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said. The call was made at a meeting between the US Ambassador to Cambodia Patrick Murphy and Minister of Commerce Pan Sorasak during the ...

German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) will provide $4.5 million in aid to promote a small- and medium-sized enterprise (SME) development project in four Asean countries, including Cambodia. In Cambodia, Ministry of Industry and Handicrafts undersecretary of state Son Seng Huot ...

Cambodia is campaigning to boost its luxury fragrant rice exports to China, the world’s largest market, said Cambodia Rice Federation (CRF) vice-president Chan Sokheang on Thursday. Sokheang told The Post on Thursday that the CRF plans to achieve the quota that China provided Cambodia – ...

The Cambodia Rice Federation (CRF) has committed to raising the Kingdom’s rice exports to one million tonnes by 2022, its president Song Saran said on Wednesday. The comment was made at the Strategic Plan 2020-2023 Consultation Workshop, which was attended by CRF members, ministry representatives, ...

Cambodia exported 10,980 tonnes of fishery products in the first nine months of this year – down 0.5 per cent from the same period last year – a Ministry of Agriculture, Forestry and Fisheries report said. The Kingdom exported 7,000 tonnes of fresh fish (60 ...

The latest release of the World Bank’s ease of doing business index puts Cambodia in the 144th spot out of 190 countries, a drop of six places from a year ago. The 2019 ease of doing business index ranked the Kingdom 138th out of 190 ...

Cambodia’s economic growth is projected to be highest in the Asean region despite facing several challenges, the International Monetary Fund (IMF) said. In its latest Regional Economy Outlook published on Tuesday, the IMF predicts that the Kingdom’s economic growth will remain strong at seven per ...

Investment in construction in the Kingdom reached a new high during the first nine months of the year, amounting to $6.5 million, according to the latest government report. From January to September, investment in the sector grew by 34.7 percent compared with the same period last ...

The Council for the Development of Cambodia, a government agency that oversees investment, last week approved a large-scale tourism project in Siem Reap. ‘Cambodia-China Cultural Park,’ the project will be developed by Angkor International Culture Investment & Development (Cambodia) Co., Ltd with a capital of ...

An International Monetary Fund (IMF) team led by Jarkko Turunen, deputy division chief of the Asia Pacific Department (APD) visited Phnom Penh to conduct discussions under what is known as the Article IV consultation.​ Under the Article IV consultation, IMF staff undertakes annual surveillance and analysis ...

The Czech government on Monday pledged to support the Kingdom’s efforts to retain its Everything-but-arms trade status during Prime Minister Hun Sen’s visit to the republic. Mr Hun Sen is on a five-day official visit to Eastern Europe which started on Sunday. He met Czech Prime ...

The Council for the Development of Cambodia (CDC) yesterday announced that it approved 831 investment projects, with a total investment capital of $22.5 billion, from 2016 to August 2019, according to its latest report. The report added that in the first eight months of the year, ...

Cambodia, which has shed its status of ‘Sick man of Asia’ is becoming more competitive economically, and the world is starting to notice it. The 2019 Global Competitiveness Report, which was released by the World Economic Forum (WEF) on Oct 8, ranked Cambodia 106th out of ...

The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support poor and rural households and improve their financial access, it said. ...

Climate change will slow down Cambodia’s economic growth progressively over the next decades and delay the country’s graduation to middle-income economy by one year, recent government reports show. The ministries of Economy and Finance and Environment on Friday launched two research papers: ‘Addressing Climate Change Impacts ...

Cambodian rice exports in the first nine months of the year rose two per cent year-on-year, led by the Chinese market, a Cambodia Rice Federation (CRF) report said. Rice exports to China increased more than 44 per cent, the report said, while exports to the ...

In August, two local Cambodian organizations, Licadho and Sahmakum Teang Tnaut (STT) published Collateral Damage: Land Loss and Abuses in Cambodia’s Microfinance Sector, a report about the dangerous growth of the country’s microfinance sector. It spotlighted an issue that researchers have been warning about for years. A report ...

Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...

Minister of Interior Sar Kheng has said that Cambodia is still trying to keep its access to the EU’s Everything But Arms (EBA) agreement and the US’ General System of Preferences (GSP) through negotiations. His remarks came during his mission to Germany from September 24 ...

Cambodia and Thailand’s Securities Exchange and Commission (SEC) yesterday signed a memorandum of understanding (MoU) on mutual cooperation for capital market development through cross-listing, dual listing and depositary receipt offerings. ...