Economy and commerce

Adoption of digital payments has helped in reducing remittance costs, said Chea Serey, Governor, National Bank of Cambodia at a panel discussion on ‘Sustainable Capital: Environmentally Consolidated Finance’ on Monday at the Dubai Fintech Summit in UAE. ...

Cambodia is committed to further enhancing the e-commerce ecosystem as the country is a leading nation in implementing the eTrade readiness assessment recommendations, achieving a remarkable 92 percent implementation rate. ...

Cambodia’s exports grew by an average of 13.3 percent between 2017 and 2023 and reached $23.47 billion, or 54.7 percent of the country’s gross domestic product in 2023. ...

The soon-to-be-built Funan Techo Canal (FTC), a public-private partnership project, will push shipment activities of the state-owned Sihanoukville Autonomous Port (PAS) up to 90 percent, a report by the Council for Development of Cambodia (CDC) showed. ...

Cambodia’s inflation will remain stable this year at 2.3 percent, marginally up from 2.1 percent for 2023, generally in line with other parts of Asia and the Pacific, said the IMF Regional Economic Outlook April 2024. ...

Following a series of negotiations spanning nearly five years, the Cambodian and Philippines governments have concluded the final draft of a double taxation agreement (DTA) between the two nations, in a bid to improve trade and ease investment mechanisms. ...

Cambodia expects to earn $88 million a year from transportation through the Funan-Techo canal by 2050 and reach $570 million a year by then. ...

Cambodians running small businesses are continuing to find the need for working capital as their most pressing need, as per data. As high as 54 percent of 1.89 million loans issued were for working capital, as per the first quarter report of the Small Business ...

The International Monetary Fund (IMF) in its World Economic Outlook for April 2024 revealed Cambodia’s new GDP figures by taking 2014 as the base year for the calculations instead of 2000, showing the economy 35 percent larger than previous GDP calculations indicated. ...

According to the Ministry of Commerce, five automobile manufacturers are reportedly building production facilities in Cambodia. ...

Trade and investment cooperation between Cambodia and Mexico are expected to increase after a business forum which is planned to be organized in Phnom Penh soon. ...

Another 14 projects worth $213 million received approval in Cambodia’s coastal city Sihanoukville recently which included 10 projects for reviving the construction of stalled buildings under the ‘Special Investment Promotion Program’ for the city, launched by Prime Minister Hun Manet earlier in January. ...

Cambodia has seen more than $5 billion approved construction projects in 2023, as per data with CBRE Cambodia. This is a 79 percent increase compared to the previous year. ...

We do not need to be a rocket scientist to deduce that higher interest rates often cause more pain than (being a) panacea. ...

Cambodia’s exports to Japan reached $365 million in the first quarter (Q1) of this year, an increase of 18.4 percent compared to the same period last year. ...

The National Bank of Cambodia (NBC) and the Economic Research Institution for ASEAN and East Asia have recently entered cooperation to develop a strategy for green digital finance in Cambodia. ...

Cambodia is on track to graduate from least developed country (LDC) status by 2027, according to a new report by the Asian Development Bank (ADB) that also raises concerns about some of the challenges that lie ahead. ...

Cambodia and China have agreed to enhance the China-Cambodia Free Trade Agreement’s implementation quality, with an expert suggesting the need to push harder for trade balance. ...

Prime Minister Hun Manet stated that the investment policy of the Royal Government of Cambodia is to preserve existing investments while also fostering new ones.​ ...

Prime Minister Hun Manet yesterday pledged to enhance the investment climate of Cambodia, in a bid to attract more investments to the country. ...

The National Social Security Fund (NSSF) of the Ministry of Social Affairs, Veterans, and Youth Rehabilitation has announced that the cash support programme for poor and vulnerable families affected by the COVID-19 pandemic will finish on April 24, 2024. ...

Cambodia’s largest social assistance programme – the Covid-19 cash transfer programme – has played a crucial role in boosting the economy, said the World Bank in its latest report. ...

Cambodia is mulling Double Taxation Avoidance (DTA) deals with seven countries, naming the Philippines, Laos, Myanmar, France, Japan, Morocco, and the United Arab Emirates, the General Department of Taxation (GDT) said in a press release last week. ...

Coinciding with the Cambodia-China exchange year, Beijing dispatched its foreign minister to take part in the seventh intergovernmental coordination committee (ICC) meeting between the two countries, which aims to effectively implement projects under the Belt and Road Initiative (BRI) from April 21 to 23. ...