Economy and commerce

Cambodia exported 8.4 million tonnes of agricultural products last year, earning around $4.3 billion in revenue, said a report from the Ministry of Agriculture, Forestry and Fisheries. ...

The Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank), loan terms for tourism vendors in Siem Reap Province will be loosened from the beginning of 2024 to encourage more uptake of funds exclusively by Siem Reap-based entities to bolster the sector’s return to ...

Prime Minister Hun Manet will pay a one-day official visit to Thailand next month to strengthen the bilateral ties, according to an informed diplomatic source. ...

Cambodia  exported over 656,000 tonnes of milled rice in 2023, marking a 3% increase from the previous year and generating over $465 million in revenue, a rise of 13%, as reported by the Cambodia Rice Federation (CRF), the Kingdom’s apex rice industry body. ...

A Local firm is planning to increase its export of live mantis shrimp to the Chinese market this year, after several shipments proved to be a commercial success in the Chinese market in 2023. ...

Agriculture minister Dith Tina describes how Cambodia is in need of upstream investors to provide capital for the machinery needed to add value to the Kingdom’s agricultural export products. ...

Cambodia attracted fixed-asset investment of $4.92 billion in 2023, up 22 percent from $4.03 billion in a year earlier, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. ...

Up to $4.9 billion of total investment capital for 268 investment projects have been approved by the Council for the Development of Cambodia (CDC) in 2023, with some 307,000 jobs created, according to its statement on Wednesday. ...

The Economic Census 2022 has revealed that the number of establishments operating in Cambodia has jumped 49 percent in the last decade, with about 99 percent owned by Cambodians. ...

Small and Medium Enterprise Bank of Cambodia Plc (SME Bank), which is currently reviewing its $50 million budget support for pandemic-hit tourism players in Siem Reap province was asked to consider providing loans to cruise boat businesses along the Tonle Sap River. ...

Economists and business leaders anticipate a dynamic 2024 for Cambodia’s industrial sector, with the government expecting it to outpace services and agriculture, driven by a wave of new investment projects. ...

Cambodia is set to offer tax incentives for another two years on rubber exports, starting from January 1, 2024, aiming to encourage cultivation and support growers and exporters in the face of declining prices due to a drop in international demand. ...

As the government ambitiously sets its sights on becoming an upper-middle-income country by 2030 and a high-income one by 2050, it urged all stakeholders to join hands and prioritise key strategies, embracing the challenge to transform the vision into reality. ...

Cambodia’s version of a central bank digital currency (CBDC) and online banking and mobile payments app, Bakong, has seen its adoption levels grow in leaps and bounds to surpass 10 million accounts. ...

Cambodia earned $789.75 million from the exports of rubber and articles made of rubber in the January to November period of 2023, recording an increase of 74.5 percent compared to the same period last year, according to the latest trade data of the General Department ...

Some 83,900 vehicles have traveled on the Phnom Penh-Sihanoukville Expressway during the New Year holiday, starting from Saturday to Monday, a senior Cambodian official said on Tuesday. ...

Almost 3.3 million people celebrated ringing in the new year, with Phnom Penh the most popular destination, according to the Ministry of Tourism (MoT). ...

The Ministry of Commerce registered 11,506 new companies and enterprises in the January-November period of 2023, up 14.58 percent from 10,046 in the same period last year, a report of the Ministry of Commerce showed. ...

Nearly 400,000 revellers thronged Kampot province, making it the most favourite spot in the country for the New Year celebrations. ...

Cambodia earned $37.19 million from Angkor Archaeological Park ticket sales last year, which is a 222-percent increase compared to the year before, the state-owned Angkor Enterprise report showed on Monday. ...

Penn Sovicheat, secretary of state of Cambodia’s Commerce Ministry, said the RCEP has been a key driving force for Cambodia’s export growth and has become a magnet for attracting more foreign direct investment inflows into the country. ...

Cambodia exported $8,144 million to the US in the first eleven months of 2023, inching down 0.89 percent compared to the same period in 2022, a report from the Ministry of Commerce showed. ...

Cambodia’s famed Angkor Archeological Park received 798,069 international visitors in 2023, up 177 percent from 287,454 in the previous year, said a news release on Monday. ...

Cambodia’s exports to Indonesia and India rose the most in the January to November 2023 period, by 111.7 percent and 55.1 percent respectively, compared to the same period in 2022. ...