Economy and commerce

The International Finance Corporation’s (IFC) watchdog announced Tuesday it will proceed with an investigation into Cambodia’s leading microfinance firms, after the IFC withdrew a request for review of the decision to investigate. ...

Cambodia would not need to import salt from other countries to meet domestic demand in 2023 as favourable weather conditions have helped the production of salt where more than 80,000 tonnes have been harvested, industry insiders say. ...

High global oil prices, which have seen petrol pump prices in Cambodia rise about 10 per cent since August 1, could “severely” affect the transport sector and push up the cost of production, industry players said. ...

Cambodia has recorded a sharp rise in mobile payments as more and more people have turned from cash-based to digital transaction options, the National Bank of Cambodia (NBC) said. ...

Cambodian people and foreigners who are in need of riel banknotes before arrival in the Kingdom can now be able to change foreign currencies for Cambodia’s national currency at the Travelex money exchange counters in Singapore’s major international airport commonly known as Changi Airport, said ...

The Embassy of the Republic of Indonesia in Phnom Penh will organise the 14th Indonesian Trade and Tourism Promotion (ITTP 2023) here at Koh Pich Convention and Exhibition Centreon Aug. 4-6, 2023. ...

Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday. ...

The government has raised funds through government bond issuance with a total of $27 million in the first six months of this year, accounting for 13.5 percent of the $200 million target. ...

FacebookTwitterEmailShareCambodia’s banking and financial industry continued to enjoy healthy growth in both loans and deposits in the first half of 2023, said the biannual report of the National Bank of Cambodia (NBC) released on Monday.​​ ...

Much like when building a career or successfully running a business, it is important when taking care of one’s investments to know that there are different investment strategies best suited to each stage of life. ...

The banking system has demonstrated its robustness through high levels of liquidity and capital, and will remain sound and resilient while playing a crucial role in supporting economic activities, despite recent global turbulence, according to the National Bank of Cambodia (NBC). ...

The State Secretariat of Civil Aviation (SSCA) on July 26 reconfirmed that the new “Siem Reap Angkor International Airport” will officially begin operations on October 16, and revealed that “non-commercial and non-profitable” test flights are set to be conducted from October 5-15, “as per necessary”. ...

Chea Serey has been formally appointed as governor of the National Bank of Cambodia (NBC) on the heels of her promotion from central banking director-general to deputy governor in March. ...

More than 27,511 businesses with $8.09 billion in investment capital have been registered in the first phase of the Online Business Registration System known as Single Portal under the Ministry of Economy and Finance – as of July this year. ...

The US continued to be the biggest export destination for Cambodian products despite the trade preference scheme, Generalized System of Preference (GSP), which has not been renewed since late 2020. ...

Cambodia has approved a new Rules of Origin (ROO) law, which is to be in line with the standards set by the World Trade Organization (WTO). ...

Bilateral trade between Cambodia and Japan reached $860 million in the first half of this year, an 8 percent decrease from $934 million for the same period a year ago, according to a report from the General Department of Customs and Excise. ...

In an unambiguous message to investors and businesspeople alike, caretaker Prime Minister Hun Sen said yesterday that the new dispensation shall implement the Pentagon Strategy highlighting the new economic development policies and programs initiated by the current government. ...

Cambodia exported 139,220 tons of dry rubber in the first half of 2023, up 2.72 percent from 135,537 tons over the same period last year, said a report from the General Directorate of Rubber on Wednesday. ...

Cambodia earned $369.643 million from the export of “furniture, lighting signs, prefabricated buildings” in the first half (H1) of 2023, down 29.67 per cent from $525.591 million in 2022H1 and down nearly 12.5 per cent from $422.67 million in 2022H2, according to provisional Customs (GDCE) ...

Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said on Monday that China has played a crucial role in supporting the country’s socioeconomic and infrastructure development. ...

After graduating from college, Yue Xiduo, a man born in the 1990s, joined a tire company in the Sihanoukville Special Economic Zone, Preah Sihanouk Province, Cambodia. The man said he chose to work here because the special economic zone is an important project for a ...

Cambodia’s trade with ASEAN member countries was valued at $7.1 billion in the first six months of this year, accounting for 30 percent of the Kingdom’s total international trade. ...

Cambodia is optimistic that it will continue to attract more foreign direct investments following the formation of a new government after the July 23 election, a top official said.   ...