Economy and commerce

Cambodia exported $6.45 billion worth of products to the Regional Comprehensive Economic Partnership (RCEP) member countries in the first 10 months of 2023, up 26.5 percent from the same period last year, said a Ministry of Commerce’s report on Tuesday. ...

Cambodia earned a gross revenue of $3.9 billion from the export of agricultural products in the first 11 months of 2023, said a Ministry of Agriculture, Forestry and Fisheries (MAFF) report on Tuesday. ...

Cambodia’s budgetary process lacks transparency and sufficient regulation, according to a publication this month from the anti-corruption watchdog Transparency International (TI) Cambodia. ...

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI ...

The Ministry of Commerce (MoC) took part in the economic and trade cooperation seminar held in Chongqing city to strengthen collaboration in the fields of joint infrastructure connectivity between the countries along the Mekong River which includes Laos, Myanmar, Thailand, Vietnam and China. ...

Cambodia earned a total of $1.2 billion from the exports of raw cashew nuts and dry rubber during the first 10 months of 2023, according to official reports on Wednesday. ...

Cambodia exported over 610,000 tonnes of cashew nut to foreign markets in the first 10 months of this year, earning $831 million, according to a Cashew Nut Association of Cambodia’s report released yesterday. ...

Tob Sopheak, Ministry of Tourism (MoT) spokesperson, said on Wednesday that the three-day Water Festival attracted about six million revelers, including 73,000 foreigners. ...

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

Cambodia maintained its economic growth prediction at 5.6 percent in 2023 and raised it to 6.6 percent in 2024, the country’s Prime Minister Hun Manet said here on Thursday. ...

Non-garment manufacturing has played an important role in the economy because its share in the country’s total exports has increased remarkably, showing industry diversification. ...

The 187-km Phnom Penh-Sihanoukville Expressway, built under the BRI, shortens the travel time between the capital city and the international deep-water seaport city of Sihanoukville from six hours to just two, said Sar Kackada, mayor of Sihanoukville, Cambodia. ...

Microfinance institutions have been asked to conduct loan restructuring on a case-by-case basis for clients who face difficulties in the Siem Reap tourism sector, real estate and other industries. ...

To simplify the process of filing tax returns on income, a special seminar was organised by the General Department of Taxation (GDT) and Cambodian Footwear Association at the Singapore (Cambodia) International Academy on Wednesday. ...

The government’s public debt remains sustainable as the country is seeking more foreign debt used for building infrastructure, said Prime Minister Hun Manet. ...

Prime Minister Hun Manet laid out plans for Cambodia to graduate to an upper-middle income country by 2030 and strengthen the nation’s resilience and sustainability beyond then at the Cambodia Outlook Conference 2023. ...

Prime Minister of Cambodia has praised the World Economic Forum (WEF) for its important role as an active forum for government-private sector relations, by introducing new government policies and initiatives related to business and investment. ...

Cambodia maintained its economic growth prediction at 5.6 percent in 2023 and raised it to 6.6 percent in 2024, the country’s Prime Minister Hun Manet said here on Thursday. ...

The Regional Comprehensive Economic Partnership (RCEP) has given a big impetus to Cambodia’s exports, contributing to the economic development, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...

Located in southwest Cambodia, the Sihanoukville Special Economic Zone (SSEZ), a joint venture between Chinese and Cambodian companies, has not only positively impacted on local people’s lives, but also significantly contributed to the kingdom’s economic growth. ...

Cambodia and China have entered into cooperation on financial innovation and clearing and settlement arrangements, to facilitate efficient and secure cross-border payment transactions between the two countries. ...

Cambodia’s agricultural exports surpassed 6.2 million tonnes during the first ten months of the year, amounting to more than $3.5 billion across 74 countries, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Cambodia garnered over $233 million in the first ten months of 2023 from exports to India, marking an increase of nearly 60% compared to the corresponding period in 2022. ...