Economy and commerce

The Council for the Development of Cambodia (CDC) approved 238 investment projects worth a total of $8.2 billion last year, down 12 per cent from 2019, according to a CDC press statement. ...

The eighth Entrepreneurship Development Fund (EDF) Board of Directors Meeting yesterday reviewed and approved its medium-term strategic framework and annual work plan and budget for 2021. ...

Digital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia). ...

Century Entertainment has confirmed the opening target  and relocation  of a new casino to Dara Sakor. The project had been delayed since January. The delay was down to pandemic related business conditions including logistics problems in the delivery of essential equipment.   ...

With five free trade agreements (FTAs) on the docket this year, Cambodia is bolstering its logistics network in anticipation of the deals. To that end, last month the Prime Minister approved the immediate upgrade of the Stung Bot, Bavet and Poipet  checkpoints. ...

Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes. ...

The Kingdom’s exporters have expressed deepening concerns about spiraling shipping costs, which could diminish this year’s trade figures if prolonged. ...

Under the Cambodia-China Free Trade Agreement (CCFTA), Cambodia can export more than 10,000 items to China, which in turn could export over 8,000 items to Cambodia ...

Canopy Sands Development Co Ltd, a member of Prince Holding Group, one of Cambodia’s largest and fastest-growing conglomerates, approved a master plan to develop Preah Sihanouk province’s Ream bay into the $16 billion Ream City. ...

Cambodia and European Union (EU) are committed to joining hands in boosting the development of SME, technology, science and green industry in Cambodia. ...

Cambodia’s 2020 exports to the US remained strong despite the COVID-19 pandemic crisis as the Kingdom’s exports to its other primary trading partners declined. Figures from the US Census Bureau showed that Cambodia exported $6.577 billion of goods to the world’s largest economy, a year-on-year ...

The Food Safety Law is making headway and expected to be enacted later this year, with industry insiders confident the legislation will lure more international investors, spark growth in the reeling tourism sector and chip in to national economic growth. ...

The Ministry of Agriculture, Forestry and Fisheries plans to submit a list of three mango farms to experts at China’s General Administration of Customs for a check of their meeting sanitary and phytosanitary standards (SPS).   ...

The National Bank of Cambodia has collaborated with the United States Agency for International Development (USAID) through Pact Cambodia, Khmer Enterprise, Swisscontact and Good Return to organise the Entrepreneurship Ecosystem Forum on “Access to Finance for Women Entrepreneurs in COVID-19 Era”. ...

Following the successful completion of two rounds of assistance packages to support small and medium-sized enterprises (SMEs) and startups during the COVID-19 pandemic, Khmer Enterprise will implement a third this year. ...

The success of China’s Belt and Road Initiatives (BRIs) in Cambodia will depend on what the project is and how productive it will be, according to experts who have analysed China’s white paper on foreign aid and development. ...

The Siam Cement Group in Cambodia (SCG) reported sales revenue of $252 million in the Kingdom last year, according to the company’s annual report. SCG is the largest and oldest cement and building material company in Thailand and Southeast Asia. ...

Seven dynamic startups run by young entrepreneurs pitched their innovative ventures to business leaders and investors from Cambodia and around the world, at the culmination of the Bluetribe initiative, a unique and intensive six-month startup incubation scheme. ...

A desire for increased security and an acute awareness of current health guidelines has generated an uptick in the use of non-cash payments, according to US multinational financial services corp Visa, as measured in its latest Consumer Payments Attitudes survey. ...

Prudential Cambodia Life Insurance (Prudential Cambodia) and PPCBank have announced a joint collaboration, Bancassurance, to serve the financial protection needs of Cambodians. ...

ACLEDA Bank Plc, one of the largest commercial banks in Cambodia, announced that it is boosting and expanding its self-automation post banking services as part of its focus on digitalisation in the Kingdom. ...

According to technology business site Tech In Asia, the once-obscure Buy Now Pay Later (BNPL) trend is getting new legs, which could see the option spreading in an increasingly digital Asia-Pacific. ...

Cambodia and South Korea have concluded their free trade agreement (FTA) negotiations and are now closer to the signing of a final pact later this year. ...

The Council for the Development of Cambodia (CDC) has announced that four new projects worth a total of $16.2 million were approved over the weekend. ...