Economy and commerce

The Council for the Development of Cambodia has approved 15 investment projects in several provinces worth at least $530 million.​ ...

Malaysia’s leading Insurance and Takaful Company Etiqa has started operations in Cambodia, allowing the local people to experience a fast and easy way to get insured. Etiqa has entered the Kingdom upon seeing the vast potential the local market has to offer, with 97% of ...

The Garment Manufacturers Association in Cambodia (GMAC) said on Wednesday that 12 more Chinese ships transporting raw materials for garment industry will arrive in Cambodia this week. ...

The Ministry of Posts and Telecommunications of Cambodia (MPTC) has asked regulators to explore the possibility of telecom operators Kingtel and Seatel jointly running as providers on Cambodia’s new 5G network. ...

The Council for the Development of Cambodia (CDC) approved four projects, worth a combined $17.4 million, during the first 10 days of February. ...

The president of the Cambodian Investment Federation on Sunday highlighted the critical role of e-commerce in the local market as the government works to turn the Kingdom into a digital economy. ...

The state-run Small and Medium Enterprise (SME) Bank has been confirmed to bring forward their opening date to earlier this year than previously planned, stated a senior government official yesterday at the Council of Ministers. ...

The Royal Government of Cambodia has unveiled plans to improve facilities at border gates with Thailand and Vietnam in order to ease cross-border transport and boost trade activities.   ...

Cambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more  imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. ...

 Over the past few years with the influx of Chinese nationals and Cambodians working in Sihanoukville, landlords have been laughing all the way to the bank through rentals. Locals who visit the city regularly complained about high rentals for hotels, guesthouses and even food. Some ...

Cambodian rice exports to international markets grew sharply by more than 21 per cent in the first two months of this year despite fears of the Covid-19 pandemic causing global concern. ...

Cambodia Microfinance Association (CMA) yesterday said it has taken steps to fulfill its tax obligations to the government. ...

The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...

The General Department of Customs and Excise (GDCE) said its 2020 revenue will take a hit from the outbreak of the novel coronavirus in China. The department is unlikely to meet revenue goals for 2020 as import-export activity in the Kingdom slows down due to the ...

Phnom Penh Commercial Bank (PPCBank) and Prasac Microfinance Institution Ltd (Prasac) have been granted initial permission to issue bonds on the Cambodia Securities Exchange (CSX). ...

Prime Minister Hun Sen yesterday urged Chinese Ambassador Wang Wentian to look into the possibility of exporting raw materials by air and sea to the Kingdom in order to prevent job losses resulting from a suspension in the operation of garment factories. ...

Cambodia and Indonesia plan to host a Trade and Investment Forum early in June in an effort to attract more Indonesian investors to the Kingdom. The plans were revealed after a meeting between Indonesian Ambassador to Cambodia Sudirman Haseng and Minister of Industry, Science, Technology and ...

Prime Minister Hun Sen says he wants the nation to have many trade agreements with different partners to diversify its economic partners and attract more foreign direct investment. ...

Cambodia’s economic growth in 2020 would not be at the same rate as previously predicted at 6.5 percent, said Prime Minister Hun Sen. ...

The Council for the Development of Cambodia (CDC) yesterday approved six development projects worth in total $677 million. ...

The Cambodia-China Free Trade Agreement is expected to be finalised in November in a move to boost trade between the two countries.   ...

The government is allocating $50 million to support small and medium-sized enterprises (SMEs) in the agricultural sector. The funds can be accessed in the form of low-interest loans through the state-owned Rural Development Bank (RDB). ...

The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...

Southeast Asian suppliers from Cambodia, Myanmar and  Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half.​ However, these suppliers now face a supply ...