Economy and commerce

The Independent Democratic Informal Economy Association abbreviated (IDEA) and OXFAM in Cambodia on November 15 celebrated the 11th International Street Vendors Day, with the aim of promoting labour rights and calling for social protection for street vendors. ...

The allocation of funds through the Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) is expected to be a vital and timely force in supporting and reviving businesses in Siem Reap province. The move comes in response to the continued arrival of foreign ...

Cambodian Prime Minister Dr Hun Manet called on here this morning to the financial institutions to restructure loans for tour operators in Siem Reap province at reasonable interest rates to help revive the tourism sector after being severely affected by COVID-19. ...

Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. ...

Cambodia had exported 529,924 tonnes of milled rice in the first 10 months of 2023, earning a total revenue of $377.5 million, the Cambodia Rice Federation said in a news release on Wednesday. ...

To counter the growing risk of geopolitics, it is important to have more mutual investments and collaborations between countries and regions to truly achieve global economic prosperity, experts say. ...

Social analysts and workers unions have voiced their support for a campaign on “An Enterprise is a Peaceful Community”, which will be launched in 2024. ...

Cambodia’s exports of electrical machinery, equipment and related products surpassed $2.4 billion in the first nine months of 2023, marking an increase of nearly double compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...

Cambodia earned $27.88 million from Angkor Archaeological Park ticket sales in the first 10 months of the year, a jump of over 312 percent compared to the same period last year. ...

Vietnam’s VinFast electric taxis are gearing up to land in Cambodia and Laos after gaining dominance on home turf, sparking a decision to expand to countries that prioritise tourism, according to The Business Times. ,,, ...

An in-depth study into the impact of Covid-19 on tourism-related businesses in Siem Reap has revealed that while solid networks helped strengthen resilience, existing debts and the structure of the labor system hampered it. ...

The Kingdom of Cambodia and the Czech Republic have agreed to further boost their cooperation in trade and investment as well as to have more exchanges of high-level visits between the two countries. ...

Cambodia and Singapore have recently signed the Second Protocol Amending the Bilateral Double Taxation Agreement (DTA), to bring the agreement in line with the latest international standards. ...

Prime Minister Hun Manet urged provincial administrations to focus on constructing quality roads in communes to serve the local economy and improve people’s livelihoods rather than request funding to build parks. ...

The Cambodian government recently unveiled the Cambodia Financial Technology Development Policy 2023-2028, a comprehensive strategy aimed at promoting financial innovation, ensuring financial stability, and enhancing financial inclusion in the country. ...

Cambodia is ready to exhibit its potential products and promote its investment potential and tourism during the sixth China International Import Expo (CIIE), scheduled for Nov. 5-10 in Shanghai, said a Ministry of Commerce’s news release on Saturday. ...

The Ministry of Post and Telecommunications (MPTC) Tuesday signed a Memorandum of Understanding (MoU) with the Ministry of Tourism (MoT) and the Ministry of Information (MoI) to organise training programmes on digital skills for civil servants. ...

The vocational and technical training for 1.5 million young people from poor and vulnerable households across the country at state institutions, without tuition fee charges will have skilled labourers to feed the production chain of investment. ...

An International Monetary Fund (IMF) team led by Davide Furceri, assessed Cambodia’s economy and predicted growth in the coming years. The IMF report reveals that the country’s economy is steadily recovering from the impacts of the COVID-19 pandemic, although it still faces challenges from both ...

Cambodia’s economic growth is predicted to expand by 5.3 percent in 2023 and six percent in 2024, according to the International Monetary Fund (IMF) after concluding a mission in the country. ...

Dr. Hun Manet, Prime Minister of Cambodia, this morning encouraged the citizens to take part in building more strength for the Kingdom. ...

Angkor Archaeological Park, one of the Kingdom’s biggest tourist attractions notched a whopping 312 percent hike in sales of entry passes totalling $27.8 million in the January-October period this year, according to a report from the state-owned Angkor Enterprise. Sales of entry passes to foreign ...

In July, the National Bank of Cambodia (NBC) flagged the “historically” high credit-to-gross domestic product (GDP) ratio, which stood at 189 percent in 2022, with credit-to-GDP gap reaching nearly 40 percent. ...