Economy and commerce

Thai discount wholesaler Siam Makro Pcl plans to spend 11 billion baht ($330 million) this year to expand its operations, and open two new Makro stores in Cambodia, 30 in Thailand and three in India, hoping to tap into soaring demand, according to group CEO ...

Prime Minister Hun Sen has reassured UNESCO and the International Coordinating Committee for Safeguarding and Development of the Historic Site of Angkor ( ICC-Angkor) that the heritage of Angkor remains unaffected by development, saying that Cambodia will follow the conditions under which the temple was ...

Cambodia started imposing value added tax (VAT) on e-commerce from April 1 after a three-month delay. ...

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTA) will be a booster for Cambodia’s economic growth in the coming years, according to the World Bank’s economic update report released on Tuesday. ...

Cambodia and India have reached two memorandums of understanding (MoUs) for two Quick Impact Projects (QIP) on “Developing Mobile Application to Promote Tourism & Ecotourism Communities” and “Enhancing Ecotourism Activities in Phat Sanday Ecotourism Community in Kampong Thom Province”. ...

In the first three months of 2022, from January to March, the Council for the Development of Cambodia (CDC) approved a total of 43 investment projects under an investment of more than $2.4 billion. ...

About 70 percent of Cambodians have access to financial services, with more than 8.6 million e-wallet account holders at the end 2021, according to the National Bank of Cambodia (NBC). ...

Up to 700,000 international visitors are expected to visit Cambodia this year, after the Royal Government had recently eased the entry rules. ...

The implementation of value added tax (VAT) on e-commerce will start today after a three-month delay. ...

The General Department of Taxation (GDT) has issued a reminder for foreign companies supplying digital goods, services or any e-commerce activity in Cambodia to fulfil the obligation for Simplified VAT Registration before the April 1 deadline or stand to face fines.​​ ...

The Ministry of Public Works and Transport has announced plans to implement an online-only electronic data exchange system in Cambodia’s ports in August to facilitate a more efficient management of ship transport and transfer activity. ...

The export of Vietnamese dragon fruit and Cambodian mangos to the Chinese market has been difficult since the outbreak of Covid-19. Custom clearance procedures are often delayed and the overall export volume has declined. Exporters have tried every possible method of overland transport, but keep ...

Cambodia on Thursday launched the country’s first business-to-business-to-customer (B2B2C) e-commerce platform, aiming to help small and medium-sized enterprises (SMEs) sell their products to potential clients, said Commerce Minister Pan Sorasak. ...

Prime Minister Hun Sen has called on Chinese tech giant Huawei to continue to cooperate with the Ministry of Post and Telecommunications on training the local workforce and help Cambodia procure the latest technology to ensure cyber security and competition.   ...

The Ministry of Commerce will officially launch an online marketplace today, featuring around a thousand goods produced locally and available for online shopping lovers. ...

The South  Korean government has pledged an additional concession loan package of $1.2 billion to finance a number of priority projects in Cambodia. ...

Cambodia is seeking more economic, trade, and investment ties with Francophonie nations, Prime Minister Hun Sen told visiting Secretary-General of the International Organization of La Francophonie (OIF) Louise Mushikiwabo at a meeting yesterday. ...

Leaders and businesspeople from the Malaysian state of Malacca have vowed to promote investment among compatriots in four target Cambodian sectors – education and vocational training; real estate; mining; and energy, according to the Council for the Development of Cambodia (CDC). ...

The ACLEDA Institute of Business (AIB) has teamed up with the IELTS Cambodia Official Test Centre at IDP Education to administer the English proficiency exam at the institute, as part of its ambition to gain widespread international recognition. ...

The Ministry of Public Works and Transport earned $70 million from the sale of special license plates from September 2016 to February 2022. ...

Cambodia netted more than $77 million from rubber latex and wood exports in the first two months of 2022, according to data released by the Ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber.   ...

Cambodia aims to boost financial inclusion for women entrepreneurs through Credit Guarantee Corporation of Cambodia Plc (CGCC) and support for women-led micro, small- and medium-sized enterprises (MSME) as part of broader efforts to bridge financing gaps for businesswomen and underpin Covid-19 economic recovery plans.   ...

The recent visit to Cambodia by Japanese Prime Minister Fumio Kishida has strengthened bilateral relations. ...

Chief (Cambodia) Commercial Bank Plc (Chief Bank) has teamed up with local real estate company Zillennium Co Ltd as part of the bank’s plans to expand the user base of its ‘Chief Easy’ micro-lending app. ...