Economy and commerce

Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...

Indonesia plans to increase import of rice to 250,000 tonnes a year from Cambodia to preserve its food security, and in turn support the Kingdom’s food security infrastructure by supplying fertiliser and providing training to agriculture workers. ...

The effects of the ongoing global political and economic crisis has likely affected bilateral trade between Cambodia and Canada, as reflected by a 24.7 per cent year-on-year fall in trade value at $535 million in the first seven months of 2023, versus $711.1 million last ...

ASEAN economic ministers have initiated talks on the Digital Economy Framework Agreement (DEFA), a significant regionwide accord set to shape the world’s foremost tech-driven financial systems partnership. The launch occurred during the ASEAN Economic Community Council (AECC) gathering, held in the Indonesian capital Jakarta on September ...

Domestic stakeholders and economic experts are advocating for an enhanced investment climate to elevate Cambodia’s status and attract foreign direct investment (FDI) within ASEAN.​ Tan Monivann, vice-president of the Cambodia Chamber of Commerce (CCC), is currently attending the 43rd ASEAN Summit in Indonesia. He conveyed ...

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

Asean’s digital economy which reached $194 billion in 2022 is now projected to rise to $330 billion by 2025. ...

Indonesia has received a nod from the Cambodian government for the supply of 250,000 tons of rice a year, President Joko Widodo said on Monday. ...

Following a hiatus due to the Covid-19 pandemic, Cambodia and Japan are expected to hold their 14th policy consultation meeting in November, according to the Council for the Development of Cambodia (CDC). ...

A high-profile women entrepreneur delegation from India completed a fruitful visit to Cambodia recently. The group comprised 55 women entrepreneurs (25 from Karnataka) from organisations such as Ubuntu Consortium, Federation of Karnataka Chambers of Commerce & Industry (FKCCI), WISE (Women’s Wing of Mysore Chamber of ...

The Indonesian Chargé d’affaires in Phnom Penh Lauti Nia Astri and the Economic Section have visited Battambang Province to collect economic intelligence data and explore opportunities and economic cooperation, especially in food security. ...

Cambodia earned revenue of $228.5 million in rubber exports in the first seven months of this year, according to a report from the General Directorate of Rubber. ...

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

The Cambodia Rice Federation (CRF) has noted that restrictions on exports of various types of rice, including broken and white rice, as well as wheat and sugar from India, a leading global rice exporter, offer a potential opportunity for Cambodia. ...

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Timor-Leste vows to expedite the Memorandum of Understanding which was signed with Cambodia on milled rice trade last year with the aim of boosting economic and trade relations between the two countries. ...

Bilateral trade between Cambodia and the UK in the first seven months of 2023 fell 14.6 per cent year-on-year to $496.3 million from $581.4 million, with nearly 90 per cent of the value consisting of exports from Cambodia, according to the General Department of Customs ...

Prime Minister Hun Manet has prioritised industrial sector development for further economic growth and workers’ benefits. ...

The bilateral trade between Cambodia and the US amounted to $5.3 billion in the first half of this year, a decrease of 14 percent from $6.2 billion for the same period last year, according to a report from the US Census Bureau yesterday. ...

South Korea has successfully exported its premium beef, Hanwoo, to Cambodia for the first time, marking a significant milestone in eight years of quarantine negotiations. ...

The bilateral trade between Cambodia and China is expected to reach $15 billion by 2025, a top official said. The trade figure between both nations touched $11 billion in 2022. ...

The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...

Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...

Investor protection is a top priority for the Securities and Exchange Regulator of Cambodia (SERC) – the authority in charge of monitoring, supervising and developing the sector in the Kingdom – one the body places the greatest importance. ...