Economy and commerce

Prime Minister Hun Sen said yesterday that the small and medium enterprises (SME) have played an important role in boosting economic growth in Cambodia, generating jobs for people, and contributing to poverty reduction. ...

Cambodia’s international trade decreased 14.5 percent to $11.3 billion in the first quarter of 2023, according to a report from the General Department of Customs and Excise yesterday. ...

Cambodia’s imports of oil, gas and coal rose by 7.8 percent in the first quarter of 2023, said a report from the General Department of Customs and Excise on Monday. ...

Nearly $700 million has been spent on the new $1.5 billion Techo International Airport (TIA), the main construction work on which has reached 46 per cent as of March 31, motivated by positive tourism growth, according to a senior civil aviation official. ...

Cambodia’s imports of oil, gas and coal rose by 7.8 percent in the first quarter of 2023, said a report from the General Department of Customs and Excise on Monday. ...

Cambodia recorded $11.25 billion in its international trade during the first quarter (Q1) of 2023, down 14.5 percent from $13.16 billion over the same period last year, said an official report released Monday. ...

Prime Minister Hun Sen expressed his hope that SMEs will further absorb at least 1 million workforces as the Royal Government is preparing to provide scholarships to 1.5 million students for vocational training. ...

Private sector investment is being sought for a $55 million project to develop sustainable eco-tourism in the Cardamom Mountains and Tonle Sap area. ...

Cambodia attracted 39 fixed-asset investment projects worth $294 million in the first quarter of 2023, generating some 47,000 new jobs, a report of the Council for the Development of Cambodia said Monday. ...

The UN Economic and Social Council (ECOSOC) convened a meeting in New York to allow Cambodia to join the Program Coordinating Board (PCB) of UNAIDS for the Asia-Pacific Region for the 2023-2025 term, according to the National AIDS Authority (NAA) ...

The Cambodian government has continuously implemented reforms to overcome challenges to attract more foreign direct investment, a senior official at the Ministry of Economy and Finance said. ...

China’s optimization of its anti-COVID-19 strategy and resumption of its outbound group tours earlier this year have revived the tourism industry in countries around the world, Cambodian government chief spokesman Phay Siphan has said. ...

The Royal Government of Cambodia has approved five renewable energy projects with a total capacity of 520 MW to increase the power supply to the national grid and contribute to reducing the emissions of carbon dioxide and protecting the environment. ...

Despite volatility due to COVID-19, Cambodia’s 2022 apparel exports to Thailand reached $57.6 million, and fabric imports were $157 million. ...

The Ministry of Economy and Finance (MEF), in collaboration with the World Bank (WB), yesterday held a sector policy dialogue to discuss new strategies with development partners and other government officials from different ministries and institutions to boost investment while considering the scope of regional ...

The Young Entrepreneurs Association of Cambodia has signed an MoU with four major institutions to further develop the nation’s small and medium enterprises ...

Ratanakiri provincial officials have appealed to foreign investors to build a new airport on a 1,400-hectare plot of land in Lumphat district to attract tourism ...

Cambodia’s economy is forecast to grow at 5.5 percent in 2023 and 6 percent in 2024, due to a stronger tourist rebound and faster growth in the services sector, according to a report by Asian Development Bank (ADB). ...

Golden Tree Co Ltd (GT), the real estate firm behind the Kingdom’s first green bond, reported sound business performance last year, amid economic stress stemming from the Ukraine conflict and prolonged Covid-19 crisis. ...

The Asian Development Bank (ADB) on April 4 pegged the Kingdom’s economic growth at 5.5 per cent for this year “on a more robust tourism recovery and higher growth in the services sector”. ...

A Chinese association Global Alliance of SMEs is looking into Cambodia’s investment, especially in tourism. ...

Cambodian Minister of Commerce has stressed the important role of trade and tourism in the country’s socio-economic development toward inclusive, resilient, and sustainable recovery. ...

Chea Se, Secretary of State of the Ministry of Tourism, said that Cambodia expects about 4 million tourists in 2023. ...

The number of small and medium enterprises (SMEs) registered at the Ministry of Industry, Science, Technology, and Innovation rose to 43,974 in 2022, a slight increase of 1.6 percent compared to a year ago. ...