Economy and commerce

The World Bank has launched the Cambodia Country Climate and Development Report (CCDR), which provides critical insights into the Kingdom’s response to climate change and its impact on development goals. ...

Hun Manet will make his first official visit to Japan as Prime Minister to further strengthen relations in a year that marks the 70th anniversary of diplomatic ties, with a political analyst predicting this will set a new milestone for the two nations. ...

Phnom Penh officials have issued a notice regarding the illegal collection of taxes and fees from informal vendors by crooks, with social analysts calling on the government to hand out severe punishments for those caught doing it. ...

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ...

Cambodia and the Philippines have expressed their commitment to further strengthening cooperation to enhance labour rights and social security for the benefit of the people of both nations, as part of their partnership as ASEAN member states. ...

Cambodia has urged Japan to collaborate in initiatives aimed at enticing investors and broadly promoting Cambodia’s appealing investment environment and incentives to Japanese stakeholders. ...

In the first eight months of 2023, the government reported revenue of almost $4.2 billion, representing nearly 66% of the target set for 2023 by the annual budget law. This performance marks a decline of over 2% compared to the same period last year, as ...

Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the ...

There is no confirmation that the EU would fully reinstate its preferential scheme, Everything But Arms (EBA), for Cambodia, said newly-appointed EU ambassador to Cambodia Igor Driesmans, while identifying four priorities in his mandate. ...

The Ho Chi Minh City-based Saigon Newport Corporation held a workshop to seek measures to strengthen connectivity and develop Vietnam – Cambodia logistic service route on October 28 in Phnom Penh, Cambodia. ...

Microfinance as a sector has been key in helping bring about economic and social development in Cambodia stressed Sok Voeun, chairman of Cambodia Microfinance Association last Friday. ...

The Ministry of Commerce is committed to improving bilateral trade and investment cooperation with Thailand by attracting new investment to Cambodia and also by increasing the trade between the two countries. ...

Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, requested that Japan positively disseminate Cambodia’s investment potential and other incentives to Japanese investors. ...

The Cambodian government has approved the draft budget of 38,829 billion riels ($9.4 billion) for government spending in 2024, a decrease from $9.64 billion in 2023, reported Xinhua. ...

Cambodia’s GDP per capita is forecast to hit $2,071 in 2024, up from some $1,917 in 2023, said a report from the Ministry of Economy and Finance on Saturday. ...

Cambodian deputy prime minister Sun Chanthol recently announced a comprehensive $50-billion master plan for the country’s transport and logistics sectors comprising 174 projects. ...

An EU-ASEAN Business Council delegation landed in Cambodia to look into long-term investments in the country. In the first installment of two, Kiripost sits down with executive director, Chris Murphy, to see what progress was made. ...

The US embassy in Phnom Penh has said that Washington is seeking a trading relationship with Cambodia that is mutually beneficial, transparent, balanced, and in adherence to the highest standards, including labor rights. ...

The European Union plans to launch two initiatives aimed at promoting the green transition and fostering sustainable trade in Cambodia, according to new EU Ambassador to Cambodia, Igor Driesmans. ...

Trade between Cambodia and Canada for the first nine months of 2023 reached approximately $700 million, marking a decrease of over 22% from the corresponding period last year, according to the latest figures from the General Department of Customs and Excise’s (GDCE) International Commodity Trade ...

Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries continued to increase, indicating the emergence of a growing market for the country’s products. ...

The Vietnam-Cambodia Defence Economic Production Exhibition 2023 (VIDEX 2023) opened at the KohPich Exhibition and Convention Centre Phnom Penh, Cambodia on October 25. ...

A total of 870 companies exhibited 2,590 products at the event. As an important platform for the export of agricultural products, the fair improves awareness of Shanxi fruit, increases the province’s influence, and brings opportunities overseas, organizers said. ...

Securities and Exchange Regulator of Cambodia (SERC) and Cambodia Securities Exchange (CSX) signed an agreement yesterday introducing the API (Application programming interface) linkage for registering investor ID online and opening trading accounts online. ...