Economy and commerce

The new Phnom Penh airport, Techo International Airport’s (TIA) $1.5 billion phase one is 78 percent complete as of June 24, with $1.13 billion used so far, according to joint venture firm Cambodia Airport Investment Co Ltd (CAIC) on Monday. ...

Prime Minister Hun Manet led a delegation of prominent people from Cambodia’s business community to the Cambodia-Singapore Business Forum, with the aim of attracting more Singaporean investment to the Kingdom. ...

Daily trading volumes on the Cambodia Securities Exchange (CSX) has gone up after months of decline in 2023. ...

Cambodia and Vietnam are on track to exceed $10 billion in trade by the end of 2024, said Vietnam’s Ambassador to Cambodia Nguyen Huy Tang. ...

Bilateral trade between Cambodia and Thailand crossed $1.7 billion in the first five months, an increase of 1.73 percent compared to the same period last year, said a report of the General Department of Customs and Excise of the Ministry of Commerce. ...

Top Royal Government of Cambodia (RGC) officials and a delegation of the Embassy of the Republic of Korea in Cambodia Thursday held talks on the possibility of setting up the Cambodia-Korea Special Economic Zone (Cam-Kor SEZ). ...

India and Cambodia are focusing on enhancing trade, investment, and collaborative efforts in various sectors. ...

Koh Kong Zhejiang Special Economic Zone (SEZ), located in Koh Kong province’s Sre Ambel district, currently hosts 28 companies and has pledged to attract 100 more by the end of 2024, according to a June 21 press release from the Council for the Development of ...

Under newly implemented regulations, the Royal Government of Cambodia (RGC) has offered various tax incentives for micro, small and medium-sized enterprises (MSMEs) currently operating in the informal economy to properly register their businesses with the Ministry of Commerce (MoC) and the General Department of Taxation ...

Cambodia’s imports of petroleum and diesel were up 23 percent to $1.06 billion in the first five months this year, according to a report from the General Department of Customs and Excise (GDCE). ...

President of Cambodia Chamber of Commerce, Kith Meng, called on Singaporean investors to invest in some other untapped potential areas to further build a strong economic tie between the two ASEAN nations. ...

Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. ...

The Financial Transparency Corridor (FTC) Initiative between Cambodia and Singapore was launched in Singapore this evening to catalyse increased trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in the two countries. ...

Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday. ...

In April, the Royal Government of Cambodia collected 2,090 billion riels ($508 million) in revenue, which is equivalent to 7.15 percent of the 2024 annual budget expectation, as per data published by the Ministry of Economy and Finance. ...

Cambodian businesses face more basic infrastructure problems like electricity outages than their ASEAN peers, according to a recent World Bank report. ...

Senate President Hun Sen recently called for steps to further strengthen economic ties between Cambodia and Malaysia even as he expressed satisfaction with the growth of investment from Malaysia and the bilateral trade volume, especially Malaysia’s purchase of rice from Cambodia. ...

Cambodia and Singapore are committed to fostering their cooperation in promoting bilateral investment by starting from priority areas for mutual socio-economic benefits. ...

The Prime Ministers of Cambodia and Singapore agreed to promote stronger and more prosperous cooperation. The agreement was reached during a bilateral meeting between Cambodian Prime Minister Hun Manet and Singaporean Prime Minister Lawrence Wong on June 18, 2024. ...

The Ministry of Education, Youth, and Sports supports the initiatives by the Ministry of Labour and Vocational Training to modernise the Technical and Vocational Education Training (TVET). ...

Cambodia has recorded a trade surplus with Vietnam in the first five months of 2024, making Vietnam the second biggest market for Cambodia’s products after the US. ...

A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion.  ...

Cambodia imported iron and steel worth close to $168 million in the first four months of 2024, the General Department of Customs and Excise (GDCE) reported recently. ...

Cambodia’s bicycle exports fell 37 percent year-on-year in the first five months this year, said a report of the General Department of Customs and Excise (GDCE). ...