Economy and commerce
PM forms new committee to address private sector issues
The Cambodian government has formed a committee tasked to solve problems faced by the private sector and promote investment and business environment in the country. ...
Chea Vanyuth
https://www.khmertimeskh.com/501467466/pm-forms-new-committee-to-address-private-sector-issues/
Loans offered to struggling tourism Siem Reap businesses
The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...
Yatt Malai
https://kiripost.com/stories/loans-offered-to-struggling-tourism-siem-reap-businesses
Cambodia ready to be a strategic partner of businessmen and investors
Cambodia is ready to be a strategic partner of businessmen and investors to seize ASEAN’s viable economic opportunities and is committed to working closely with ASEAN member states and dialogue partners to build a resilient, sustainable and competitive ASEAN Economic Community (AEC) for the common ...
Khmer Times Staff
https://www.khmertimeskh.com/501466077/83-percent-of-cambodians-go-for-private-healthcare/
STI key to driving Cambodia’s bid for higher income status
The advancement of Science, Technology, and Innovation is instrumental in propelling Cambodia towards its goal of becoming a high-level middle-income country by 2030 and a high-income country by 2050. ...
Ben Sokhean
https://www.khmertimeskh.com/501466738/sti-key-to-driving-cambodias-bid-for-higher-income-status/
NBC calls for more salary payments in Riel
The National Bank of Cambodia (NBC) Governor Chea Serey encouraged businesses in the Kingdom to prioritize internal policies to pay staff salaries in Khmer Riel (KHR) as opposed to the US dollar (USD), especially in regards to businesses involved in the garment, textile and footwear ...
James Whitehead
https://www.khmertimeskh.com/501465505/nbc-calls-for-more-salary-payments-in-riel/
Cambodia supports investment and expansion of Japan-Cambodia labor cooperation
Heng Sour, Minister of Labor and Vocational Training, said that Cambodia is ready to support Japanese investors who want to invest in Cambodia and expand labor cooperation between Cambodia and Japan. ...
Khmer Times Staff
https://www.khmertimeskh.com/501466332/cambodia-supports-investment-and-expansion-of-japan-cambodia-labor-cooperation/
PM reaffirms Cambodia’s ambitious reforms to boost investment attractiveness
Prime Minister Hun Manet underlined the Royal Government’s ambition and comprehensive reforms to streamline processes and increase overall investor attractiveness. ...
Khmer Times Staff
https://www.khmertimeskh.com/501466559/pm-reaffirms-cambodias-ambitious-reforms-to-boost-investment-attractiveness/
PAS profits jump 45 percent in one year
The Sihanoukville Autonomous Port (PAS), the only international deep-sea port of Cambodia, yesterday, reported a net profit of KHR 121.96 billion for last year, a surge of KHR 37.81 billion or 44.93 percent compared to 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501466079/pas-profits-jump-45-percent-in-one-year/
World Bank sees Cambodia and Philippines as fastest growing developing ASEAN economies this year
The World Bank forecast Monday that GDP in Cambodia and the Philippines would expand by 5.8 percent this year, making the two countries the fastest growing developing economies in Southeast Asia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501466304/world-bank-sees-cambodia-and-philippines-as-fastest-growing-developing-asean-economies-this-year/
Cambodia’s economy projected at 6.6 pct in 2024: PM
Cambodia is expected to see a 6.6-percent rise in its economy in 2024 from 5.6 percent in 2023, the country’s Prime Minister Hun Manet said here on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501466941/cambodias-economy-projected-at-6-6-pct-in-2024-pm/
CABS provides opportunity for regional connectivity, says MoC
Cambodia’s commitment and efforts in unleashing the broader ASEAN market and beyond cropped up for discussion on Monday evening during the cocktail networking event of the Cambodia-ASEAN Business Summit (CABS) at Sofitel Phnom Penh Phokeethra in the capital. ...
Nhean Chamrong
https://www.khmertimeskh.com/501466686/cabs-provides-opportunity-for-regional-connectivity-says-moc/
Cambodia charts 1.8b digital payments, valued at $492b in 2023
Some 1.8 billion Khmer riel and US dollar digital transactions valued at $492 billion were recorded in 2023, which rose over 600 million from 1.1 billion transactions in 2022, the National Bank of Cambodia (NBC) said on March 29. This significant increase, an economist opined, ...
Meas Molika
https://kiripost.com/stories/cambodia-charts-18b-digital-payments-valued-at-492b-in-2023
Thai court fixes May 9 hearing for Oddar Meanchey villagers versus global sugar producer case
Three villagers from Cambodia traveled to Thailand to file documents against one of the world’s largest sugar manufacturers, Thai-owned Mitr Phol Sugar Co Ltd, at a Thai court on Wednesday. ...
Informal MSMEs motivate to integrate into formal economy
Minister of Industry, Science, Technology, and Innovation Hem Vanndy said the government is committed to promoting micro, small and medium enterprises (MSMEs) access to finance and motivating informal SMEs to register into the formal economy. ...
Chea Vanyuth
https://www.khmertimeskh.com/501462328/informal-msmes-motivate-to-integrate-into-formal-economy/
Cambodia to organise investment roadshow in France
Cambodia and France will join hands to organise a roadshow in the European country to attract more investors to the Kingdom. ...
Manoj Mathew
https://www.khmertimeskh.com/501460302/cambodia-to-organise-investment-roadshow-in-france/
GDT’s e-Administration platform to facilitate tax monitoring
The General Department of Taxation launched its e-Administration, the smartphone-based app application where taxpayers can check and track their tax payment documents. ...
Chea Vanyuth
https://www.khmertimeskh.com/501460312/gdts-e-administration-platform-to-facilitate-tax-monitoring/
10,000 witness Spring Equinox sunrise at Angkor Wat
More than 10,000 tourists woke up at 5am yesterday to visit Angkor Wat temple in Siem Reap to watch the Spring Equinox sunrise. ...
Nang Veasna
https://www.khmertimeskh.com/501460350/10000-witness-spring-equinox-sunrise-at-angkor-wat/
NBC reports 44% surge in electronic riel transactions
National Bank of Cambodia (NBC) governor Chea Serey announced an increase in electronic transactions and payments in Cambodian riel for 2023, noting that they were 44% higher than in 2022. ...
Van Socheata
https://www.phnompenhpost.com/national/nbc-reports-44-surge-in-electronic-riel-transactions
UK, private firms foster Koh Kong green SEZ project
The private sector has expressed support for the plan to establish a green special economic zone (SEZ) in Koh Kong province, viewing it as a role model for others to emulate. Cambodia currently utilises “almost 70%” clean energy nationwide. ...
May Kunmakara
https://www.phnompenhpost.com/business/uk-private-firms-foster-koh-kong-green-sez-project
Ministry lauds 8 years of MLC cooperation as ‘win-win’
Over the past eight years, the Mekong-Lancang Cooperation (MLC) mechanism has not only established itself as an effective model for win-win cooperation but has also made consistent progress, enhancing collaboration among Mekong countries in various fields, according to Cambodia’s foreign ministry. ...
Sok Raksa
https://www.phnompenhpost.com/national/ministry-lauds-8-years-of-mlc-cooperation-as-win-win-
Businesses urged to prioritise riel for salary payments
The Governor of the National Bank of Cambodia (NBC), Chea Serey, is encouraging companies and enterprise owners to offer salaries in riel, as the majority of Cambodian workers are paid in dollars. ...
Mao Sreypich
https://kiripost.com/stories/businesses-urged-to-prioritise-riel-for-salary-payments
MoU aims to elevate youth financial literacy
Financial literacy among Cambodia’s youth is slated to receive a boost after an agreement was signed between SOSORO Museum and the Association of Banks in Cambodia (ABC) to enhance youth’s educational awareness about their money affairs. ...
Mao Sreypich
https://kiripost.com/stories/mou-aims-to-elevate-youth-financial-literacy
Promotion of Cambodia-Hong Kong trade and investment relations discussed
Cambodia and the Hong Kong Special Administrative Region (SAR) will promote their relationship, particularly in terms of trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501459806/promotion-of-cambodia-hong-kong-trade-and-investment-relations-discussed/
PM announces 617 PIPs worth $11.7 billion
In a major push for socioeconomic development and generating more job opportunities, the Royal Government of Cambodia (RGC) earmarked a three-year rolling plan for the Public Investment Programme (PIP) to complete 617 projects at the cost of $11.69 billion. ...
Nhean Chamrong
https://www.khmertimeskh.com/501458798/pm-announces-617-pips-worth-11-7-billion/