Economy and commerce

The number of small and medium enterprises (SME) in food and beverage processing saw a remarkable increase, using raw materials of agriculture to the finished products. ...

Cambodia’s exports to India reached $140.93 million in the first seven months of this year, registering an increase of 42.8 percent compared to the same period last year. ...

Cambodian media has reported on August 25 that the State Bank of Vietnam (SBV) has signed a Memorandum of Understanding (MoU) on cooperation in regional payment connectivity with the central banks of Indonesia, Malaysia, Philippines, Singapore and Thailand. ...

Two companies, Amru Rice (Cambodia) and Golden Rice Cambodia, renewed their contracts on Aug. 24 to buy organic rice from the farming community in Preah Vihear province. ...

The new Minister of Tourism Sok Soken has set out three strategic goals to achieve this vision to develop the tourism sector in Cambodia. ...

When investing in stocks, investors can expect some of their assets to generate a dividend payment, a sum of money paid by a company to its shareholders out of its profits. Dividends are typically paid annually, but they can also be paid quarterly or monthly. ...

A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National Bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...

Tax revenue in 2023 is expected to achieve 107.5 per cent of the 2023 Law on Financial Management, though the projection is lower than the collection achievement last year. ...

Prime Minister Hun Manet yesterday announced the official launch of the Pentagonal Strategy–Phase I and the key measures for the Royal Government of Cambodia (RGC) to be implemented in the next five years to transform Cambodia into a high-income economy by 2050. ...

The General Department of Taxation earned e-commerce value-added tax (VAT) income of $46 million from the operation of electronic goods and services in the first seven months of this year, according to official figures yesterday. ...

Kitti Tesaphibal Bindit Hun Manet, Prime Minister of the Kingdom of Cambodia, requested his colleagues in the Royal Government to do their utmost to fulfill this noble national mission to achieve the glorious new mandate given by the people through elections. ...

Cambodia’s newly-elected Prime Minister Hun Manet on Thursday launched the “Pentagonal Strategy-Phase I 2023-2028” during the first cabinet meeting. ...

Public-listed Royal Group Phnom Penh Special Economic Zone (PPSP) reported a significant growth in business performance in the second quarter of 2023 amid regional and global economic uncertainties.​ ...

A senior official at the Council for the Development of Cambodia (CDC) urged local investors to consider investing in sustainable timber wood to supply wood for the furniture-making sector which has a “huge growth potential”. ...

The new government under the leadership of Prime Minister Hun Manet will make use of optimum technology to push forward its socio-economic policy agendas to transform the rectangle into Pentagon Strategy, said a statement. ...

ASEAN Secretary-General Kao Kim Hourn expressed optimism with the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement in a transparent manner, as businesses in the region have wider opportunities to trade and invest now. ...

Cambodia is optimistic of an increase in direct investment or joint ventures with Chinese investors following a successful visit by a delegation of entrepreneurs from Fujian province who specialise in sectors such as mining, energy, manufacturing, tourism, accommodation, and heating and air conditioning. ...

Bilateral trade between Cambodia and China is expected to grow with the interest shown by traders and investors during the Cambodia-Hong Kong exhibition in Phnom Penh, which featured over 40 companies. ...

Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Cambodia and the United Arab Emirates (UAE) are expected to sign a Double Taxation Agreement (DTA) soon seeing that negotiations on the content are 96 per cent complete, the General Department of Taxation (GDT) stated. ...

Acleda Bank Plc plans to expand the KHQR system to non-Association of Southeast Asian Nations (ASEAN) member countries, said a senior bank official. ...

On August 18, 2023, the Department of Commerce (“Commerce”) announced its final determination that certain solar cells and modules exported from Cambodia, Malaysia, Thailand, and Vietnam are circumventing the antidumping (“AD”) and countervailing (“CVD”) orders on imports from China after conducting its investigation for over ...

Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...

Access to finance remains a key barrier to small and medium enterprise (SME) growth in Cambodia, as many of them rely on personal finance rather than bank loans, which can affect long-term commercial and financial sustainability. ...