Economy and commerce

A master plan was officially launched to transform Kep province into a smart and luxury tourism destination to host the upcoming 10th Sea Festival and other international events in the future, a press release of the Ministry of Tourism (MoT) said. ...

Cambodia received approximately 1.1 million tourists in July, which sums up to a total of over 12 million visitors recorded in the first seven months of the year, a press release of the Ministry of Information (MoI) said. ...

ASEAN can be the convening power to assist in managing the growing challenges in the evolving dynamics of the Indo-Pacific, geopolitical scientist Dr Johan Saravanamuttu said. ...

The Indonesian Financial Services Authority, commonly known as OJK, has joined forces with its Cambodian counterpart to bolster the supervision of non-bank financial institutions and contribute to the stability of the global financial system. ...

The Kingdom’s rice export industry is on the rise. The Cambodia Rice Federation (CRF) recently reported that between January and July 2023, the nation exported more than 360,000 tonnes of milled rice to 52 target countries, accounting for 52 per cent of the yearly target ...

Cambodia is seeking increased foreign investment in the silk sector amid widespread promotion of the sector in the international market. ...

Cambodia Cashew Federation (CCF) recently urged processing companies in Vietnam to buy cashew nuts directly from farmers as this can ensure better prices for them. ...

To showcase the potential of online sales, cross-border trade, digital entrepreneurship and market diversity within the region, the ASEAN Online Sale Day (AOSD) will be held for two weeks from August 8 this year. ...

The Cambodian banking industry is facing increasing systemic risks due to the looming economic uncertainty and rising non-performing loans (NPLs). ...

South Korea’s KB Kookmin Bank on Sunday said it received final approval on Friday from Cambodia’s Ministry of Commerce to launch the integrated commercial bank KB Prasac Bank. ...

The Ministry of Commerce (MoC) issued an announcement to alert businesspeople that the sub-decree on requirements and procedures for business merging that the government approved on March 6, 2023, with the signature affixed by Prime Minister Hun Sen will enter into force on September 6, ...

The Skills Development Fund (SDF), under Cambodia’s Ministry of Economy and Finance, has implemented 100 training projects in the last five years since its inception in March 2018, benefitting 11,309 workers. ...

A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...

Australia is supporting Cambodia through the Agri-Food Investment Table (AFID) to attract investment and develop new markets and revenue flow. ...

New factories were established in Cambodia in the first half of this year despite a decrease in exports of manufacturing products due to slow demand from main markets. ...

Cambodia earned $917.37 million from the exports of rice and paddy in the first seven months of the year, according to a report by the Cambodia Rice Federation (CRF), recently. ...

Cambodia’s famed world heritage site Angkor Archaeological Park earned $20.31 million from ticket sales in the first seven months of 2023, a rise of 502.79 percent compared to the $3.37 million it collected during the same period last year, said a report recently. ...

Cambodia exported a total of 362,708 tonnes of milled rice in the first seven months of this year, earning some $253 million in revenue, a Cambodia Rice Federation’s report said on Monday. ...

Exports to Singapore rose more than five times to $415 million in the first half of 2023 from $62.4 million in the same period last year, as imports from Singapore fell 82 per cent to $371.8 million from $2.02 billion. ...

A pharmaceutical company leaked chemicals into the Sangke River, contaminating water used by community members and killing fish, according to Battambang provincial authorities. ...

Representatives of the Korea Agro-Industrial Resources Association plan to set up a cashew processing plant in Cambodia for export to international markets. ...

The Minister of Commerce (MoC) Pan Sorasak on Wednesday discussed strategies to strengthen the bilateral collaboration between Cambodia and the US as well as renew the Generalized System of Preferences (GSP) for some of Cambodia’s products with a delegation led by Jason Smith, Chairman of ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) Aun Pornmoniroth said on Tuesday that the Royal Government of Cambodia (RGC) in the 7th legislature of the National Assembly (NA) will implement the Pentagon Strategy Phase I that concentrates on seven key areas of ...

Cambodia exported $1.4 billion worth of electrical equipment and electronic components in the first half of 2023, a 1.3-fold increase year-on-year, according to the National Bank of Cambodia’s report. ...