Economy and commerce

Fintech helped us reduce costs, NBC Governor tells Dubai Fintech Summit

Adoption of digital payments has helped in reducing remittance costs, said Chea Serey, Governor, National Bank of Cambodia at a panel discussion on ‘Sustainable Capital: Environmentally Consolidated Finance’ on Monday at the Dubai Fintech Summit in UAE. ...

Khmer Times Staff
https://www.khmertimeskh.com/501485201/fintech-helped-us-reduce-costs-nbc-governor-tells-dubai-fintech-summit/

Cambodia committed to promoting e-commerce ecosystem

Cambodia is committed to further enhancing the e-commerce ecosystem as the country is a leading nation in implementing the eTrade readiness assessment recommendations, achieving a remarkable 92 percent implementation rate. ...

Khmer Times Staff
https://www.khmertimeskh.com/501484827/cambodia-committed-to-promoting-e-commerce-ecosystem/

Cambodia’s exports grow by 13% in past seven years

Cambodia’s exports grew by an average of 13.3 percent between 2017 and 2023 and reached $23.47 billion, or 54.7 percent of the country’s gross domestic product in 2023. ...

Khmer Times Staff
https://www.khmertimeskh.com/501484828/cambodias-exports-grow-by-13-in-past-seven-years/

FTC to drive activities at PAS to 90%

The soon-to-be-built Funan Techo Canal (FTC), a public-private partnership project, will push shipment activities of the state-owned Sihanoukville Autonomous Port (PAS) up to 90 percent, a report by the Council for Development of Cambodia (CDC) showed. ...

Chea Vannak Chea Vanyuth
https://www.khmertimeskh.com/501483296/ftc-to-drive-activities-at-pas-to-90/

IMF says Cambodia’s inflation to be stable at 2.3 percent in 2024

Cambodia’s inflation will remain stable this year at 2.3 percent, marginally up from 2.1 percent for 2023, generally in line with other parts of Asia and the Pacific, said the IMF Regional Economic Outlook April 2024. ...

Manoj Mathew
https://www.khmertimeskh.com/501483848/imf-says-cambodias-inflation-to-be-stable-at-2-3-percent-in-2024/

Cambodia seals DTA deal with Philippines

Following a series of negotiations spanning nearly five years, the Cambodian and Philippines governments have concluded the final draft of a double taxation agreement (DTA) between the two nations, in a bid to improve trade and ease investment mechanisms. ...

James Whitehead
https://www.khmertimeskh.com/501483860/cambodia-seals-dta-deal-with-philippines/

Working capital loans form 54% of small business needs

Cambodians running small businesses are continuing to find the need for working capital as their most pressing need, as per data. As high as 54 percent of 1.89 million loans issued were for working capital, as per the first quarter report of the Small Business ...

Rachel David
https://www.khmertimeskh.com/501482273/working-capital-loans-form-54-of-small-business-needs/

IMF revises Cambodia’s GDP up 35% with 2014 base

The International Monetary Fund (IMF) in its World Economic Outlook for April 2024 revealed Cambodia’s new GDP figures by taking 2014 as the base year for the calculations instead of 2000, showing the economy 35 percent larger than previous GDP calculations indicated. ...

Manoj Mathew
https://www.khmertimeskh.com/501482271/imf-revises-cambodias-gdp-up-35-with-2014-base/

Cambodia to have five more vehicle assembly factories

According to the Ministry of Commerce, five automobile manufacturers are reportedly building production facilities in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501481029/cambodia-to-have-five-more-vehicle-assembly-factories/

Business forum to scale up Cambodia-Mexico trade, investment ties

Trade and investment cooperation between Cambodia and Mexico are expected to increase after a business forum which is planned to be organized in Phnom Penh soon. ...

Chea Vanyuth
https://www.khmertimeskh.com/501481587/business-forum-to-scale-up-cambodia-mexico-trade-investment-ties/

14 projects worth $213M approved in Sihanoukville

Another 14 projects worth $213 million received approval in Cambodia’s coastal city Sihanoukville recently which included 10 projects for reviving the construction of stalled buildings under the ‘Special Investment Promotion Program’ for the city, launched by Prime Minister Hun Manet earlier in January. ...

Manoj Mathew
https://www.khmertimeskh.com/501481583/14-projects-worth-213m-approved-in-sihanoukville/

Construction sees revival with $5 billion approved projects

Cambodia has seen more than $5 billion approved construction projects in 2023, as per data with CBRE Cambodia. This is a 79 percent increase compared to the previous year. ...

Rachel David
https://www.khmertimeskh.com/501480023/construction-sees-revival-with-5-billion-approved-projects/

Higher for Longer – The impact of higher interest rates in Cambodia

We do not need to be a rocket scientist to deduce that higher interest rates often cause more pain than (being a) panacea. ...

Mr Raymond Sia, CEO, Canadia Bank
https://www.khmertimeskh.com/501479396/higher-for-longer-the-impact-of-higher-interest-rates-in-cambodia/

Cambodia’s exports to Japan rise 18.4%

Cambodia’s exports to Japan reached $365 million in the first quarter (Q1) of this year, an increase of 18.4 percent compared to the same period last year. ...

Manoj Mathew
https://www.khmertimeskh.com/501479402/cambodias-exports-to-japan-rise-18-4/

NBC, ERIA join hands to develop strategy for green digital finance

The National Bank of Cambodia (NBC) and the Economic Research Institution for ASEAN and East Asia have recently entered cooperation to develop a strategy for green digital finance in Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501479400/nbc-eria-join-hands-to-develop-strategy-for-green-digital-finance/

ADB highlights post-LDC graduation challenges for Cambodia

Cambodia is on track to graduate from least developed country (LDC) status by 2027, according to a new report by the Asian Development Bank (ADB) that also raises concerns about some of the challenges that lie ahead. ...

Yatt Malai
https://kiripost.com/stories/adb-highlight-post-ldc-graduation-challenges-for-cambodia

China encouraged to invest more in Cambodia

Cambodia and China have agreed to enhance the China-Cambodia Free Trade Agreement’s implementation quality, with an expert suggesting the need to push harder for trade balance. ...

Mao Sreypich
https://kiripost.com/stories/china-encouraged-to-invest-more-in-cambodia

Government announces end of COVID-19 relief fund

The National Social Security Fund (NSSF) of the Ministry of Social Affairs, Veterans, and Youth Rehabilitation has announced that the cash support programme for poor and vulnerable families affected by the COVID-19 pandemic will finish on April 24, 2024. ...

Torn Vibol
https://www.khmertimeskh.com/501479422/government-announces-end-of-covid-19-relief-fund/

Covid-19 cash assistance of $1.2B helped labour market

Cambodia’s largest social assistance programme – the Covid-19 cash transfer programme – has played a crucial role in boosting the economy, said the World Bank in its latest report. ...

Rachel David
https://www.khmertimeskh.com/501478392/covid-19-cash-assistance-of-1-2b-helped-labour-market/

Cambodia mulls DTA talks with seven countries

Cambodia is mulling Double Taxation Avoidance (DTA) deals with seven countries, naming the Philippines, Laos, Myanmar, France, Japan, Morocco, and the United Arab Emirates, the General Department of Taxation (GDT) said in a press release last week. ...

Chea Vanyuth
https://www.khmertimeskh.com/501475836/cambodia-mulls-dta-talks-with-seven-countries/

Top Chinese diplomat in Kingdom to push BRI projects

Coinciding with the Cambodia-China exchange year, Beijing dispatched its foreign minister to take part in the seventh intergovernmental coordination committee (ICC) meeting between the two countries, which aims to effectively implement projects under the Belt and Road Initiative (BRI) from April 21 to 23. ...

Nhean Chamrong
https://www.khmertimeskh.com/501475828/top-chinese-diplomat-in-kingdom-to-push-bri-projects/

Contact us

Contact us

Do you have questions on the content published by Open Development Cambodia (ODC)? We will gladly help you.

Have you found a technical problem or issue on the Open Development Cambodia (ODC) website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Cambodia (ODC) website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

File was deleted
ERROR!

Disclaimer: Open Development Cambodia (ODC) will thoroughly review all submitted resources for integrity and relevancy before the resources are hosted. All hosted resources will be in the public domain, or licensed under Creative Commons. We thank you for your support.

zg3yp
* The idea box couldn't be blank! Something's gone wrong, Please Resubmit the form! Please add the code correctly​ first.

Thank you for taking the time to get in contact!