Economy and commerce

The Royal Government of Cambodia has plans to extend the healthcare benefits under the National Social Security Fund (NSSF) to the family members of the employees as well, said Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, recently. ...

The international airports in Phnom Penh, Siem Reap, and Sihanoukville welcomed a combined 2.48 million passengers in the first half of this year, a staggering 270 percent increase over the same period in 2022, a senior official at the State Secretariat of Civil Aviation said. ...

Cambodia’s GDP is expected to grow by 5.5 percent with a low inflation rate of two percent in 2023, due to external factors and the re-opening of the economy. ...

Australia’s special envoy for Southeast Asia Nicholas Moore said his nation has a lot to offer Cambodia and the region where it sees itself as a trusted and reliable partner, according to a statement released by the Australian Embassy in Cambodia Friday. ...

By implementing sustainable practices, micro, small and medium-sized enterprises (MSMEs) can reduce their carbon footprint, minimize waste and pollution, and conserve natural resources, a business forum said on Thursday. ...

Since its establishment in 2012, Credit Bureau Cambodia (CBC) has helped drive the nation’s economic growth while providing a transparent and responsible lending landscape. This in turn has helped increase investment and access to finance nationwide. ...

Cambodia’s Ministry of Interior has issued a warning against the use of national identity cards as collateral for loans as it violates the guidelines of the National Bank of Cambodia (NBC). ...

Vietnam became Cambodia’s largest trading partner among members of the Association of Southeast Asian Nations (ASEAN) in the first five months of 2023 as bilateral trade made up nearly 50% of the total between Cambodia and ASEAN members during the period. ...

Cambodia raked in $88.9 million from exporting 138,364 tonnes of milled rice to China in the first half of 2023, according to the Cambodia Rice Federation (CRF). ...

Cambodia and the United States are committed to further strengthening and expanding cooperation to increase trade and investment. ...

The World Bank (WB) has released a set of recommendations for Cambodia’s sustainable blue economy development along with an analysis that focuses on three fundamental areas sectors related to marine policy, marine spatial planning and coastal livelihoods including blue growth sectors, said a report released ...

Cambodia’s goods exports to Vietnam reached $1.324 billion in the first five months of 2023, up 22.69 per cent year-on-year from $1.079 billion and up 83.92 per cent half-on-half from $719.79 million, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

The Ministry of Planning has since the start of July been conducting interviews for assessing whether informal workers in the entertainment sector can qualify for IDPoor cards, a senior official has said. ...

The government has kept its baseline projection for Cambodia’s economic growth this year at 5.6 percent, which was announced in late January, marking a sharp drop from the 6.6 per cent put forward in October, as the Ukraine conflict and geopolitical unrest caused regional and ...

Oxfam and Young Entrepreneurs Association of Cambodia (YEAC) co-organised on Thursday a “Sustainable Business Forum” under the theme “Together for Micro, Small and Medium-sized Enterprises Growth in Cambodia” to promote responsible, inclusive and sustainable business practices in Cambodia. ...

Boosting digital infrastructure remains one of the top priorities of the national government, a senior ranking official within the Ministry of Post and Telecommunications has said. ...

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and the bilateral free trade agreements (FTAs) will play a crucial role in attracting more foreign direct investments to Cambodia, Cambodia’s central bank said in a report released on Thursday. ...

 The CCFTA, signed in October 2020 and effective since January 2022, was initiated by Cambodian officials with the aim of broadening its trade relations and export markets in China in response to the economic fallout caused by the pandemic, local flooding, and economic pressures and ...

The amount of payments made via electronic system in Cambodia reached nearly 1,000 percent of the country’s Gross Domestic Product (GDP) in 2022, said a senior official of National Bank of Cambodia (NBC). ...

Australia plans to support the Cambodian Government in developing an Agri-food Industrial Park (AIP) in three main provinces. This initiative is expected to benefit the Cambodian economy by generating $5.1 billion and creating 100,000 new jobs, with 50 percent of these opportunities going to women. ...

The National Bank of Cambodia (NBC) yesterday released two proclamations that set new requirements for depositing-taking banks and financial institutions to strengthen the quality of their capital to increase the effectiveness of preventing main banking risks and assess credit risks at lower rates to boost ...

The National Bank of Cambodia (NBC) has launched Cambodian Shared Switch (CSS) for convenient cross-institutional payments and integration with regional countries. ...

ACLEDA Bank Plc has borrowed $100 million from China-owned Asian Infrastructure Investment Bank (AIIB) to provide new loans to micro, small and medium enterprises, according to its latest filing with Cambodia Securities Exchange. ...

The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...