Economy and commerce

Cambodia attracted $396 million in fixed-asset investment in July this year, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. ...

Cambodia’s inflation is expected to shrink to 0.4 percent in 2024 as fuel and food prices dropped below levels expected by the ASEAN+3 Macroeconomic Research Office (AMRO), as well as the tourism sector’s lagged recovery. ...

Cambodia and the United States have expressed their commitment to reinforce bilateral relations and cooperation through trade and investment activities, according to the Council for the Development of Cambodia (CDC). ...

Cambodia earned approximately $1.4 billion from the export of electrical machinery, equipment and parts to international markets during the first eight months of 2024, a decrease of one-third compared to the same period in 2023. Some economists attribute the decline to weak global economic growth. ...

The Cambodian Council of Ministers have approved 23 new investment projects in the power sector for the period 2024-2029, aimed at addressing the country’s ongoing power shortages. The approval was granted during a weekly cabinet meeting chaired by Prime Minister Hun Manet on Friday, September ...

Cambodia exported a staggering $527 million worth of car tyres, up 173 percent compared to the $193 million recorded during the same period last year, the General Department of Customs and Excise report showed. ...

The Ministry of Industry, Science, Technology and Innovation (MISTI) organised a consultation workshop on “Business Skills Requirements in the Age of Industry 4.0,” on Wednesday. .. ...

Vongsey Vissoth, Permanent Deputy Prime Minister in charge of the Office of the Council of Ministers and Chairman of National Archives of Cambodia urged traders and investors to promote the export of more Cambodian agricultural products to improve the livelihoods of farmers. ...

Asian Development Bank (ADB), a key development partner for Cambodia, has maintained its growth forecast for Cambodia at 5.8 percent for this year and 6.0 percent for 2025 but revised its earlier inflation projection for this year from 2.0 percent to 0.5 percent. ...

Cambodia’s export to the European Union (EU) continues to surge with export value to the bloc recording $2.9 billion in the first eight months of 2024. ...

The Japan International Cooperation Agency (JICA), has provided Cambodia with a concessional loan of more than $54 million to further expand power transmission lines in Phnom Penh. ...

Cambodia’s exports to Japan surged 20 percent in the first eight months of this year compared to the same period last year and reached $924 million, the latest trade data of the General Department of Customs and Excise (GDCE) showed. ...

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF) on Monday asked Customs National School (CNS) officials to launch training programmes aimed at promoting human capital development. ...

Cambodia’s trade exchanges with its fellow ASEAN member states amounted to $10.49 billion in the first eight months of this year, up 11.8% from $9.38 billion over the same period last year, said a report from the General Department of Customs and Excise on Tuesday. ...

According to the data released by the General Department of Customs and Excise (GDCE) earlier this month, iron and steel imports into the Kingdom increased by 59.2 percent during the first eight months of 2024 compared to the imports of these two core construction materials ...

The government has shared several of the ways it is actively promoting the Kingdom’s potential for foreign investment and working to boost exports to international markets, as domestic production capacity continues to grow. ...

Cambodia has formally withdrawn from the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) agreement by informing the other state parties about the decision. ...

Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. ...

Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Sok Chenda Sophea has called for stronger cooperation between Cambodia and New Zealand, particularly in agriculture, agro-processing, and human resource development. ...

Next year’s minimum wage for the garment, footwear, and travel goods industries has been set at $208 per month, an increase of $4 from this year. ...

Japan External Trade Organization (JETRO) will strengthen cooperation with Cambodia’s Ministry of Commerce to help the Kingdom fully tap its export potential. ...

The Council for the Development of Cambodia (CDC) and the Board of Investment (BOI) of Thailand have agreed to enhance cooperation in promoting investment in Cambodia. ...

Cambodia and China pledged to enhance bilateral cooperation in security, law enforcement, and anti-drug initiatives, emphasizing the importance of collaboration in addressing shared challenges. ...

The Minister of Foreign Affairs and International Cooperation Sok Chenda Sophea, received a courtesy call from Jonathan Kings, Ambassador of New Zealand to the Kingdom of Cambodia with Residence in Bangkok, at the ministry on Wednesday. ...