Economy and commerce

Cambodia imported more than $400 million worth of iron and steel in the first eight months of the year, an increase of nearly 60% on the same period last year. This has given some hope that the housing construction sector may be gradually picking up ...

A total of 26 new investment projects and 2 production expansion projects, with a total investment exceeding $400 million, were approved by the government in September. Of them, nearly 40% of the investment capital comes from Chinese investors, according to the Council for the Development ...

Despite the government’s recent efforts to expand infrastructure development – such as roads, airports and airstrips – Cambodia’s real estate market in the first nine months of 2024 has not shown any notable positive signs, according to industry experts. ...

A workshop highlighting the outcomes of the “Strengthen Safe Finance in Communities” project was held in Phnom Penh yesterday, on October 8. It brought together key stakeholders from Cambodia’s banking, microfinance, and financial oversight institutions. This initiative, designed to promote financial literacy and consumer protection, ...

Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF), yesterday asked the private sector to engage in discussions on major issues such as addressing current economic challenges, revising export tax on copper tax and reassessing overdue interest rates. ...

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF), yesterday asked the private sector to engage in discussions on major issues such as addressing current economic challenges, revising export tax on copper tax and reassessing overdue interest rates.​ ...

Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...

The Ministry of Commerce (MoC) is negotiating with trading partners to secure favourable trade preferences during the country’s transition period from the Least Developed Country (LDC) status, which is set to end in 2029. ...

Cambodia attracted $396 million in fixed-asset investment in July this year, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. ...

Cambodia’s inflation is expected to shrink to 0.4 percent in 2024 as fuel and food prices dropped below levels expected by the ASEAN+3 Macroeconomic Research Office (AMRO), as well as the tourism sector’s lagged recovery. ...

Cambodia and the United States have expressed their commitment to reinforce bilateral relations and cooperation through trade and investment activities, according to the Council for the Development of Cambodia (CDC). ...

Cambodia earned approximately $1.4 billion from the export of electrical machinery, equipment and parts to international markets during the first eight months of 2024, a decrease of one-third compared to the same period in 2023. Some economists attribute the decline to weak global economic growth. ...

The Cambodian Council of Ministers have approved 23 new investment projects in the power sector for the period 2024-2029, aimed at addressing the country’s ongoing power shortages. The approval was granted during a weekly cabinet meeting chaired by Prime Minister Hun Manet on Friday, September ...

Cambodia exported a staggering $527 million worth of car tyres, up 173 percent compared to the $193 million recorded during the same period last year, the General Department of Customs and Excise report showed. ...

The Ministry of Industry, Science, Technology and Innovation (MISTI) organised a consultation workshop on “Business Skills Requirements in the Age of Industry 4.0,” on Wednesday. .. ...

Vongsey Vissoth, Permanent Deputy Prime Minister in charge of the Office of the Council of Ministers and Chairman of National Archives of Cambodia urged traders and investors to promote the export of more Cambodian agricultural products to improve the livelihoods of farmers. ...

Asian Development Bank (ADB), a key development partner for Cambodia, has maintained its growth forecast for Cambodia at 5.8 percent for this year and 6.0 percent for 2025 but revised its earlier inflation projection for this year from 2.0 percent to 0.5 percent. ...

Cambodia’s export to the European Union (EU) continues to surge with export value to the bloc recording $2.9 billion in the first eight months of 2024. ...

The Japan International Cooperation Agency (JICA), has provided Cambodia with a concessional loan of more than $54 million to further expand power transmission lines in Phnom Penh. ...

Cambodia’s exports to Japan surged 20 percent in the first eight months of this year compared to the same period last year and reached $924 million, the latest trade data of the General Department of Customs and Excise (GDCE) showed. ...

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF) on Monday asked Customs National School (CNS) officials to launch training programmes aimed at promoting human capital development. ...

Cambodia’s trade exchanges with its fellow ASEAN member states amounted to $10.49 billion in the first eight months of this year, up 11.8% from $9.38 billion over the same period last year, said a report from the General Department of Customs and Excise on Tuesday. ...

According to the data released by the General Department of Customs and Excise (GDCE) earlier this month, iron and steel imports into the Kingdom increased by 59.2 percent during the first eight months of 2024 compared to the imports of these two core construction materials ...