Economy and commerce

Cambodia has added three new initiatives to the Siem Reap-Angkor Action Plan 2025-2029, addressing the issues of gender, environment, and improvised anti-personnel mines. These additions reflect the country’s commitment to upholding the Ottawa Convention. ...

The Cambodia Chamber of Commerce (CCC) and China’s Shanghai Council for the Promotion of International Trade (CCPIT Shanghai) Tuesday enhanced cooperation in trade and investment between the two countries. ...

With this, the number of projects eligible under the special investment promotion programme soared to 110. ...

Cambodia’s famed Angkor Archaeological Park made $30.33 million from ticket sales in the first eight months of 2024, up 31.3% from $23.09 million over the same period last year, said an official report on Sunday. ...

International Finance Corporation (IFC) – a financial institution that promotes private-sector development in the least developed countries (LDCs) – has increased its investment from $167.5 million to $438.5 million into the Kingdom’s financial sector, a rise of 260 percent over the past five years. ...

The Securities and Exchange Regulator of Cambodia (SERC) and Credit Guarantee Corporation of Cambodia Friday partnered to promote the issuance of guarantee bonds. ...

China remains Cambodia’s top investor while the US sits at the bottom of the scale, with a socio-economic expert warning about the need to balance relations between the two superpowers. ...

Residents of Arey Ksat town in Kandal province are thrilled by the news that construction of the Cambodia-Korea Friendship Bridge will begin in June next year. ...

Every year, migrant workers send more than $2.9 billion sending money to their families, which not only supports their livelihoods but significantly contributes to the national economy. ...

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. ...