Economy and commerce

Representatives from Poonglim Pharmatech Inc., headquartered in the Republic of Korea’s Jeonbuk-do province, are exploring investment opportunities in medical device manufacturing in Cambodia, following a meeting with Suon Sophal, Deputy Secretary General of the Cambodian Investment Board (CIB), at Council for the Development of Cambodia ...

The Cambodian and Australian governments have jointly launched the first phase of a digital registration and licensing portal for small and medium enterprises (SMEs), handicrafts and industrial factories. ...

For nearly three years, about 300 local workers, 50% of them women, worked in a Vietnamese banana plantation belonging to Hoang Anh Gia Lai Joint Stock Co (HAGL), covering 245 hectares in Talao commune, Andong Meas district in Ratanakiri province. ...

Private sector working groups (PSWGs) of the Government-Private Sector Forum have said that they have increased their activities to facilitate better trade in Cambodia. ...

Prime Minister Hun Manet Thursday lauded the role played by the Micro, Small & Medium Enterprises in the country. ...

Tomorrow (June 27), Cambodia will celebrate its first national day of micro, small and medium enterprises (MSME Day 2024), a sector that stands at a critical juncture of opportunities and challenges. ...

An Insurance Regulator of Cambodia (IRC) report showed on Monday that Cambodia’s insurance industry recorded a gross premium of $150 million in the first five months of 2024, up 1.2 percent from $148.1 million over the same period in 2023. ...

Chinese publicly-listed manufacturer, Mesnac Co., Ltd, announced plans this month to invest in a new manufacturing facility in Cambodia focussed on the production of tyre mould products. ...

The new Phnom Penh airport, Techo International Airport’s (TIA) $1.5 billion phase one is 78 percent complete as of June 24, with $1.13 billion used so far, according to joint venture firm Cambodia Airport Investment Co Ltd (CAIC) on Monday. ...

Prime Minister Hun Manet led a delegation of prominent people from Cambodia’s business community to the Cambodia-Singapore Business Forum, with the aim of attracting more Singaporean investment to the Kingdom. ...

Daily trading volumes on the Cambodia Securities Exchange (CSX) has gone up after months of decline in 2023. ...

Cambodia and Vietnam are on track to exceed $10 billion in trade by the end of 2024, said Vietnam’s Ambassador to Cambodia Nguyen Huy Tang. ...

Bilateral trade between Cambodia and Thailand crossed $1.7 billion in the first five months, an increase of 1.73 percent compared to the same period last year, said a report of the General Department of Customs and Excise of the Ministry of Commerce. ...

Top Royal Government of Cambodia (RGC) officials and a delegation of the Embassy of the Republic of Korea in Cambodia Thursday held talks on the possibility of setting up the Cambodia-Korea Special Economic Zone (Cam-Kor SEZ). ...

India and Cambodia are focusing on enhancing trade, investment, and collaborative efforts in various sectors. ...

Koh Kong Zhejiang Special Economic Zone (SEZ), located in Koh Kong province’s Sre Ambel district, currently hosts 28 companies and has pledged to attract 100 more by the end of 2024, according to a June 21 press release from the Council for the Development of ...

Under newly implemented regulations, the Royal Government of Cambodia (RGC) has offered various tax incentives for micro, small and medium-sized enterprises (MSMEs) currently operating in the informal economy to properly register their businesses with the Ministry of Commerce (MoC) and the General Department of Taxation ...

Cambodia’s imports of petroleum and diesel were up 23 percent to $1.06 billion in the first five months this year, according to a report from the General Department of Customs and Excise (GDCE). ...

President of Cambodia Chamber of Commerce, Kith Meng, called on Singaporean investors to invest in some other untapped potential areas to further build a strong economic tie between the two ASEAN nations. ...

Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. ...

The Financial Transparency Corridor (FTC) Initiative between Cambodia and Singapore was launched in Singapore this evening to catalyse increased trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in the two countries. ...

Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday. ...

In April, the Royal Government of Cambodia collected 2,090 billion riels ($508 million) in revenue, which is equivalent to 7.15 percent of the 2024 annual budget expectation, as per data published by the Ministry of Economy and Finance. ...

Cambodian businesses face more basic infrastructure problems like electricity outages than their ASEAN peers, according to a recent World Bank report. ...