Economy and commerce

The Council for the Development of Cambodia (CDC) says it has greenlit a total of 148 Japanese investment project proposals planned outside of the Kingdom’s special economic zones (SEZ) as of July 31 worth about $2.85 billion since its establishment on August 5, 1994. ...

The latest round of negotiations on the minimum wage for garment workers has seen unions push for $213 a month, while employers are calling for $196. ...

The Cambodian government and the United Nations Development Program (UNDP) on Wednesday jointly launched the Cambodia SDG Investor Map, a market intelligence tool that identifies viable investment opportunity areas aligned with the Cambodia Sustainable Development Goals (SDGs). ...

Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn received a courtesy call by Malaysian business delegation and its partners in Cambodia, consisting of 150 representatives and stakeholders. ...

The prudential monetary policies and Riel promotion have built price stability of Riel, which earned public trust over the circulation of the national currency, said a senior official at the National Bank of Cambodia. ...

Cambodia’s Ministry of Women’s Affairs (MOWA) and the Japan International Cooperation Agency (JICA) held here at Phnom Penh Hotel on August 29 the 5th Fifth Meeting of Joint Coordinating Committee (JCC) for the Project on Gender Mainstreaming for Women’s Economic Empowerment (PGM-WEE). ...

The National Bank of Cambodia (NBC) along with other competent authorities are considering taking legal action against firms or individuals operating businesses that go against the banking laws and financial institutions of the Kingdom, NBC announced yesterday. ...

Cambodia’s agriculture sector has been immune from Covid-inflicted impact and enjoyed strong growth during the pandemic as financing for the sector has increased, a leading banker said on Friday. ...

Entrepreneur Vantha Vichiekha has successfully managed to launch two eco-friendly focused businesses that are helping to save the planet and empower Cambodian women – all by the age of 29. ...

The National Bank of Cambodia (NBC) said on Thursday they have joined forces with police to take legal action against those involved in fraudulent online lending saying it is a crime, and urged the public to contact official financial institutions when borrowing money. ...

The seventh edition of the ‘Give A Day’ meet, held in Phnom Penh recently, urged the Cambodian government to step up investments in tech parks for promoting the ecosystem for digital start-ups and also to speed up the country’s march to become a digital economy. ...

The Federation of Khmer Chinese in Cambodia on Wednesday disputed international media characterizations of the country as a haven for criminal syndicates as attention grows on human trafficking at scam compounds. ...

Sihanoukville port saw its profits more than double to $18.9 million in the first six months of the year, thanks to an increase in the number of containers passing through the port. ...

The United Kingdom recently came out with a few more details of the proposed revamp of its Generalised Scheme of Preferences (GSP)—to be rolled out in early 2023—which reportedly suggests the revision could benefit more Cambodian garment and textile commodities, especially travel goods. ...

The Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which both took effect earlier this year, have significantly contributed to boosting Cambodia’s economic recovery, a senior official has said. ...

Rising labour, transportation, logistics and electricity costs could potentially undermine the competitive advantage of Cambodia’s textile-linked industries, according to research conducted by a prominent local economist. ...

Khmer Enterprise, a unit under the Ministry of Economy and Finance, has recently launched the second cohort of its Export Market Development Grant (EMDG) programme to provide further benefit to the small and medium sized enterprises. ...

The European Chamber of Commerce and Cambodia Women Entrepreneurs Association (CWEA) have united to promote a sustainable ecosystem for entrepreneurs and SMEs while also boosting Cambodia’s exposure as a foreign investment destination. ...

Cambodia has temporarily halted the imports and distribution of several brands of talc baby powder after asbestos has been detected in those products, the directorate-general of Consumer Protection, Competition and Fraud Repression (CCF) said on Tuesday. ...

Banana exports from Cambodia have seen a decrease in the first seven months of this year and the Ministry of Agriculture has reported a decrease of 7.28 percent. ...

Aiding the job prospects and investment potential in two provinces in the country, the Council for the Development of Cambodia (CDC) gave approval for four new investment projects worth $17 million. ...

Cambodia received over 740,000 international visitors in the first seven months of this year, a 560 percent growth compared with 2021. The country aims to attract at least 1 million international tourists in the whole year, driven by the resumption of socioeconomic activities at major ...

The Ministry of Economy and Finance (MEF) and Credit Guarantee Corporation of Cambodia Plc (CGCC) are encouraging banks and microfinance institutions (MFI) to use credit guarantee mechanisms to boost financial inclusion and help expand small- and medium-sized enterprises (SME) by issuing loans to businesses that ...

The Cambodian securities sector sees tailwinds after the regulator, the bourse and the UN’s capital investment agency for the least developed countries entered into a partnership on development through technical assistance. ...