Economy and commerce

The Minister of Industry, Science, Technology & Innovation Hem Vanndy, yesterday delivered a keynote address on the development of Cambodia’s informal economy to about 200 students at CamEd Business School. ...

The Minister of Education, Youth, and Sports Hang Chuon Naron, yesterday received a courtesy call from Santo Darmosumarto, Ambassador of the Republic of Indonesia to Cambodia, to further strengthen and expand cooperation in the field of education, youth, and sports between the two countries. ...

Cambodia’s economy is projected to grow by 5.6 % this year, up from 5% compared to last year, boosted by a rise in garment exports and ongoing tourism recovery, said an ASEAN+3 Macroeconomic Research Office (AMRO) press release on Thursday. ...

Cambodia exported 412,023 tonnes of milled rice in the first eight months of this year, with a revenue of $305 million, the Cambodia Rice Federation said in a news release on Thursday. ...

Cambodia’s economy is projected to grow by 5.6 percent in 2024 and 5.9 percent in 2025. The recovery momentum is driven by a rebound in the garment sector and sustained growth in the non-garment manufacturing sector. ...

Bilateral trade between Cambodia and Thailand is expected to reach $15 billion by 2025, said a release on Wednesday. ...

The Philippines is committed to boosting investment in Cambodia’s rice and pepper sector for export to the Philippine market. ...

Cambodia and China will sign a $2 million deal under the Mekong-Lancang Cooperation Special Fund 2024 to support eight projects across various sectors, reflecting their commitment to regional development. ...

The Federal Government of Germany is providing $3.12 million under the auspices of Norwegian People’s Aid (NPA) to support demining activities in Banteay Meanchey and Oddar Meanchey provinces for the next two years. ...

Cambodia will receive about $2 million from China under the Mekong-Lancang Cooperation (MLC) Special Fund for 2024. Both countries will sign an agreement on this on Thursday in Phnom Penh.​ ...

The special economic zone owner-operator has recorded zero land sales in the second fiscal quarter with revenue down 82 percent. A share buyback is underway to raise the stock price, which has fallen nearly 20 percent since its IPO price. ...

Acting Head of State Hun Sen Tuesday expressed satisfaction with the growing trade volume between Cambodia and Thailand. ...

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). ...