Economy and commerce

Prime Minister Hun Manet encouraged Chinese companies to invest in Cambodia’s agricultural sector, particularly in high-potential crops such as durian, cashew nuts, and cassava. ...

Cambodia has raked in $376.53 million from exporting more than 507,029 tonnes of milled rice to 66 destinations worldwide in the first 10 months of the year. ...

A delegation of Hong Kong General Chamber of Commerce (HKGCC), led by its Chairman of Asia-Africa-Middle East Committee, Dewan Saiful Alam, has visited Cambodia to learn more about Cambodia’s investment opportunities and potential. ...

The 2024 China-Cambodia Digital Economy Cooperation Forum and the inauguration of the China-Cambodia Digital Economy Professional Association marked a significant milestone in deepening digital cooperation between the two nations. ...

Loan volume in Cambodia’s microfinance sector increased by only one percent in the first three quarters of 2024 compared to 2023, a sign that the current unfavourable global economic conditions are affecting the Cambodian economy as well. ...

Cambodia’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Sok Chenda Sophea, recently hosted Australian Ambassador Derek Yip in Phnom Penh to discuss the growing economic and diplomatic ties between Cambodia and Australia. ...

Various United Nations (UN) agencies recently commended the Royal Government of Cambodia (RGC) for its progress in socio-economic development and pledged to enhance cooperation in priority sectors to help the country achieve sustainable goals benefitting the citizens. ...

Cambodia generated nearly $36 million from ticket sales to the Angkor Archaeological Park, Koh Ker, and Chong Khneas Tourism Port in the first ten months of 2024, according to a press release issued by Angkor Enterprise on November 1, 2024. ...

Some 720,105 Cambodians from various backgrounds have contributed a total of $26,967,609 million to the Border Infrastructure Development Fund, reflecting their collective commitment to protecting and developing their homeland. ...

Recent reports from the Credit Bureau Cambodia (CBC) present a mixed picture of Cambodia’s credit market in Q3 2024, which ended September 30, 2024. ...

The office of the council of ministers said Cambodia’s GDP per capita in 2025 is expected to rise to $2,924—a rise of over 40 percent over the projected 2024 figures. ...

The General Department of Taxation (GDT) has attributed the significant growth in tax revenue collection since 2014 to the implementation of technology solutions. ...

Japan’s new Prime Minister Shigeru Ishiba expressed his gratitude to Senate President Hun Sen for his congratulatory message upon his appointment. ...

The Royal Government of Cambodia (RGC) has approved special incentives for 25 projects in Preah Sihanouk province, including 12 projects for completing unfinished buildings, 12 new projects and one expansion project, with a total investment budget of $917 million. ...

The Cambodian government has approved a draft budget of more than $9.3 billion for 2025, with economic growth projected at 6.3 percent. ...

The Royal Government of Cambodia Friday approved a budget bill of approximately 37.950 billion riels ($9.32 billion) for expenditure in 2025, down from 38.829 billion riels ($9.54 billion) in 2024. ...

Cambodia’s path to economic transformation has taken a significant step forward with USAID administrator Samantha Power’s announcement of $50 million in new US government aid. ...

The European Union (EU) is committed to supporting Cambodia’s economic development and aims to elevate their growing trade relationship, EU Ambassador to Cambodia Igor Driesmans stated during an interview with Khmer Times. ...

The Online Business Registration System (OBR), better known as the Single Portal, under the Ministry of Economy and Finance (MEF) registered businesses with $13.76 billion in investment capital as of September 2024, official figures showed on Wednesday. ...

Bilateral trade between Cambodia and Japan in the first nine months of 2024 amounted to nearly $1.6 billion, marking an increase of almost 20% compared to the same period in 2023, with Cambodia’s exports to Japan surpassing $1 billion. ...

Samantha Power, the Administrator of the United States Agency for International Development (USAID), announced on Wednesday another $38 million to support the Cambodian people through a range of new expanded US activities. ...

Global Tower Corporation Pty Ltd (GTC), a prominent telecommunications infrastructure company in Cambodia, has secured $19.97 million in financing from Export-Import Bank of Malaysia Berhad (EXIM Bank Malaysia) to support the expansion of essential telecommunications infrastructure across the Kingdom. ...

Cambodia’s fresh cassava market appears robust, which has seen significant growth in exports – up over 160 percent in the first three quarters of 2024. ...

Cambodia attracted Foreign Direct Investment (FDI) worth $443 million in September 2024 which could create about 25,000 more jobs for local people, it was disclosed on Wednesday. ...