Economy and commerce

Due to a lack of funding, the Ministry of Industry and Handicrafts has delayed publishing guidelines that are meant to increase clarity on inspection procedures for small and medium enterprises (SMEs). ...

Cambodia’s construction sector attracted a total investment of 2.5 billion U.S. dollars in 2014, down 10 percent from 2.77 billion U.S. dollars in 2013, according to official data on Monday. ...

The Council of Ministers released a new policy on Friday aimed at boosting Cambodia’s industrial development beyond the garment and food sectors, placing Preah Sihanouk province at the center of plans to modernize the country’s economy. ...

Prime Minister Hun Sen said the Council of Ministers would review and pass the Industrial Development Policy 2015-2025 today, setting out a roadmap that aims to boost investment and broaden the Kingdom’s manufacturing base. The policy framework will consist of four pillars: attracting FDI to ...

With the realisation of the ASEAN Economic Community due at the end of the year, politicians and business delegates, at a conference to discuss Cambodia’s AEC progress, have stressed the need for a more coordinated approach during the transition into deeper regional integration. “Our ambitious ...

Globally, an estimated 2.5 billion people don’t have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the ‘unbanked’ to store cash, manage their accounts, make purchases and send and receive money – part of ...

Cambodian Prime Minister Hun Sen said Thursday that the country’s economy is predicted to grow by 7 percent this year–the same growth rate as last year. ...

Trade between Cambodia and France increased to 520 million U.S. dollars last year, up 29 percent year-on-year, according to figures released by the French Embassy here on Wednesday. ...

Kem Sokha, first vice-president of Cambodia’s National Assembly, on Wednesday lent his support to Chinese investors in Cambodia and urged them to focus on quality and transparency in their projects. ...

Commerce Minister Sun Chanthol said yesterday that his ministry was initiating reforms that would see Cambodia’s ease of starting a business ranking leap from the current 184 to 21. He said the government would also need to make changes to the Company Registration Law, reduce ...

In a bid to ramp up rice exports to 1 million tonnes in 2015, the Phnom Penh Autonomous Port announced yesterday that rice stored in its warehouses would not be charge any fees for up to 18 days.​ ...

Commerce Minister Sun Chanthol called on business owners to clean up their activities in the Kingdom, in order to remain competitive, especially in light of the ASEAN Economic Community integration due to be realised at the end of the year. Private sector companies have traditionally raised ...

Planning for the Stung Bot checkpoint on the Thai border is almost finalised, with the construction of new infrastructure to support trade facilitation to be completed by the end of 2018, officials said yesterday. Vasim Sorya, the director general of administration at the Ministry of Public ...

The Cambodian Rice Federation has pushed for the full implementation of a code of conduct which bars Cambodian firms from exporting cheap rice from neighbouring countries under its own name. The code of conduct sought to reassure the European Union that Cambodia was not flouting the ...

Bangkok Bank’s international business this quarter is expected to witness a slowdown due to global market uncertainty, while Vietnam, which is an important market for BBL, has been sidelined by currency woes. Cambodia has some 40 banks, 10 of which are foreign. Given the size ...

Hoping to give more teeth to its Act East Policy, the Modi government has decided to expand India’s economic links with Cambodia, Laos, Myanmar and Vietnam (CLMV) by promoting private sector investments in these countries through a project development company. ...

An inter-governmental anti-money laundering group has stopped monitoring Cambodia after it said the Kingdom had made “significant progress” toward fighting financial crimes. ...

The ministers expect ASEAN’s economy to improve in 2015 to 5.1% – above the 3.5% global growth projection – based on the stronger demand in advanced economies, energised by the robust US recovery and several policy stimulus measures in the Eurozone and Japan. ...

Cambodia increased the number of business enterprises it had to 513,759 companies at the end of March last year, up from the 463,363 enterprises accounted for in 2011, according to the final results of the 2014 Cambodia Inter-Censal Economic Survey. ...

Malaysia-based Axiata announced yesterday that its Cambodian operator Smart had increased its data user base by 135 per cent, taking its data subscriber base to 1.8 million and feeding Cambodian consumers’ insatiable appetite for social media sites. ...

Cambodia’s central bank will use its upcoming Second Macroeconomic Conference to discuss how best to promote the use of the riel and hasten de-dollarisation in the economy, according to an official release yesterday. ...

Cambodia received roughly $4 billion in foreign direct investment last year—roughly the same amount as in 2013, the secretary-general of the Council for the Development of Cambodia (CDC) said after a meeting with the National Assembly’s environment and rural development commission. ...

Bangkok-based RMA Group is considering listing its Cambodian food and beverage business, Express Food Group, on the Cambodia Securities Exchange, with a proposed IPO later this year. ...

Taiwan’s outbound property investments are likely to increase significantly in 2015 amid growing interest in overseas markets and a slowdown in the domestic market, an investment consulting firm in Taipei said Saturday. Taiwan’s property investors are also looking at opportunities in emerging markets, including Vietnam ...