Economy and commerce

Cambodia attracted 391 fixed-asset investments worth $7.5 billion in the first year of the 7th Mandate of the new government with China topping the list of sources, a report from the Council for the Development of Cambodia (CDC) showed yesterday. ...

Cambodia will soon sign double taxation agreements (DTAs) with Laos and the Philippines, as it has completed technical procedures for the deals, the General Department of Taxation (GDT) said. ...

The Cambodian economy is demonstrating signs of an overall rebound in 2024, spurred by improving liquidity and improving export demand, says a recently released report, titled ‘Economic Snapshot and Outlook 2024’ by investment advisory firm, Mekong Strategic Capital (MSC). ...

From September 2023 to August 2024, in the first year of the 7th-mandate the Royal Government of Cambodia, the Council for Development of Cambodia (CDC) granted licences to 391 new investment projects and production expansion projects with a combined capital of over $7.5 billion. ...

The Royal Government of Cambodia yesterday unveiled a comprehensive five-year public debt management strategy for 2024 to 2028 which will reflect in the allocation of resources to various public infrastructure projects. ...

Prime Minister Hun Manet has unveiled plans to scrap taxes for small businesses earning less than 250 million riels, with calls being made to implement the measure and ensure businesses understand it. ...

Prime Minister Hun Manet asked the Ministry of Economy and Finance (MEF) to prepare a stimulus package to encourage investment in the northeastern provinces including Kratie, Stung Treng, Mondulkiri and Ratanakiri. ...

In a bid to promote digital innovation and the creation of a green economy, the 4th ASEAN Consumer Protection Conference (ACPC) was held in Phnom Penh on Monday, providing a vital platform for regional stakeholders to discuss consumer protection and innovation. ...

In a bid to disprove false claims about the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) by overseas-based opposition groups, Prime Minister Hun Manet is arranging free transport for the public to see for themselves the real situation at the border areas. ...

One of the cardinal reasons behind the Royal Government of Cambodia’s (RGC) confidence to transform the Kingdom into a high-middle-income country by 2030 and a high-income country by 2050 stems essentially from the government’s ambition to boost rice exports to 1 million tonne by 2025. ...

Micro enterprises with an annual turnover of less than 250 million riels will not be taxed, Prime Minister Hun Manet assured on Thursday evening during his special statement on the ‘One-Year Achievements of the Royal Government of the 7th Legislature of the National Assembly’ that ...

The Asian Development Bank (ADB), a long-time development partner of Cambodia, on Wednesday reiterated its commitment to support the Royal Government’s national programme on skills development. ...

The Ministry of Industry, Science, Technology and Innovation (MISTI) weighed the challenges of launching a digital platform for the informal economy recently. The Coordinating Committee for Developing the Informal Economy presented a progress update on the strategy during the meeting held at the MISTI headquarters ...

The Minister of Tourism and Chairman of the National Committee for Management and Development of Community-Based Tourism and Ecotourism, Sok Soken, presided over the Opening Ceremony of the First Annual Tonle Sap Ecotourism Network Forum on Thursday in Phnom Penh. Under the theme “Strengthening Tourism ...

Consumer loans increased by 12 percent in the first half of 2024 compared to the previous year’s figure of 10.5 percent, said Association of Banks in Cambodia (ABC) Chairman and MayBank CEO Rath Sophoan at the Cambodia Banking Conference 2024, on Thursday. ...

With the trade volume between Cambodia and Indonesia exceeding $1 billion in 2023, the two countries on Thursday agreed to expedite the Memorandum of Understanding (MoU) on rice trade.​ ...

Agriculture officials are set to be deployed to all communes in the four Cambodian provinces of the Cambodia-Laos-Vietnam Summit Development Triangle Area (CLV-DTA) to strengthen the agricultural sector. The four provinces are Ratanakkiri, Mondulkiri, Kratie and Stung Treng. ...

The 2024 Cambodia Banking Conference, held in Phnom Penh from August 22-23, brought together industry leaders, policymakers and international partners to discuss the future of the country’s banking sector in the face of global economic challenges. ...

As China grapples with an economic slowdown, its ripple effects are being felt across Southeast Asia, with Cambodia among the countries closely watching the developments. ...

Governor Vy Samnang of Takeo province on Tuesday endorsed a proposal to establish a special economic zone (SEZ) on a 32-hectare area in Bati district by the Chinese Chamber of Commerce of Chaoshan. ...

The government’s efforts to improve the livelihoods of farmers under the Pentagonal Strategy are proving successful, with 250 agricultural specialists having already assisted over 110,000 farmers in increasing their yield during the first stage of the programme. The second stage, which aims to recruit and ...

Cambodia has exported some 143,481 tonnes of bananas in the first seven months of this year, a decline of 20.59% over the same period in 2023, a report from the Ministry of Agriculture, Forestry, and Fisheries (MAFF) showed. ...

Prime Minister Hun Manet said on Tuesday that the country needs more Chinese investments, highlighting potential areas for investment. ...

The National Bank of Cambodia (NBC) on Monday launched the ‘Bakong Tourists App’ helping foreign tourists in Cambodia to make payments using the country’s universal KHQR code at over 3.3 million retail merchant outlets. ...