Economy and commerce

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. ...

The microfinance sector in Cambodia has been playing an important role in contributing to economic and social development, especially the reduction of poverty in rural areas, said a senior official at the National Bank of Cambodia. ...

Cambodia received 22 investment project proposals worth $69 million from Indonesian investors in various sectors, including industry, agriculture and service. .. ...

Cambodia’s digital payments sector, powered by key industry players, is expected to make greater headway this year and the total payments may touch $4.73 billion, according to some estimates. ...

The Regional Comprehensive Economic Partnership is a catalyst of regional economic growth, integration and connectivity in the Asia Pacific, accounting for about 30 percent of global GDP and one-third of the world’s population. ...

Korea has become Cambodia’s 14th largest trading partner in 2022, as the bilateral trade volume posted $780 million, inching up 0.6 percent. ...

The Cambodian government on Friday approved a new draft taxation law which is said to contribute to promoting and enhancing the Cambodian business sector, increase the favorable investment environment, and strengthen fiscal compliance. ...

As much as 42 percent of the loans disbursed by banks and commercial banks in Cambodia has been taken by residents living in its capital Phnom Penh while women borrowers outnumber men in most of the provinces. ...

World Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. ...

The deputy governor of the National Bank of Cambodia has called for the world’s countries to do more to help developing nations mitigate the effects of climate change. On sidelines of this year’s Boao Forum, CGTN had an interview with the deputy governor, Madam Chea ...

Morocco and Cambodia have pledged to strengthen their trade ties. The two countries have agreed to organise a forum to explore business opportunities and urged their respective business communities to boost trade and investment. ...

Cambodian and Chinese central bank officials have discussed the promotion of local currency settlement for cross-border trade between the two countries, said a statement released by the National Bank of Cambodia (NBC) on Saturday. ...

Manufacturing as a share of output has peaked in most developing East Asia and Pacific economies except for Cambodia and Vietnam, the World Bank says. ...

Prominent telecoms operator CAMGSM Plc, a subsidiary of locally-owned conglomerate Royal Group of Companies Ltd that trades as Cellcard, plans to raise about $20 million through an initial public offering (IPO) on the Cambodia Securities Exchange (CSX), expected in May. ...

Cambodia urged the cooperation of Australia to start direct flights between both countries to attract more tourists, investors, students and travellers. ...

Prime Minister Hun Sen yesterday reiterated the importance of increasing the number of technicians and skilled labourers to attract new high-end technology investment projects to Cambodia. ...

Prime Minister Hun Sen has once again called on the people not to panic over the recent warning of the International Monetary Fund (IMF) and the World Bank over the risks of a global recession. ...

Senior Official of Cambodia has inspired all stakeholders to continue working hard to attain $15-billion worth of Cambodia-Thailand bilateral trade volume set by the two countries’ Prime Ministers. ...

K (Cambodia) Co Ltd on March 29 officially inaugurated an Isuzu vehicle assembly plant in eastern Kampong Speu province, in response to growing demand and in a bid to expand the brand’s presence in Cambodia. ...

The process of establishing an association to represent and manage the “Kampot-Kep Salt” name once the commodity has been awarded domestic geographical indication (GI) status – expected late next month – is “progressing smoothly”, reported Bun Narin, the group’s acting president and number-one candidate for ...

Cambodia imported $904.3 million worth of “electronics” in 2022 – surging by 33.2 per cent from $678.9 million in 2021 – with the fourth quarter accounting for the lion’s share at 28.61 per cent of the annual total, according to figures from the finance ministry’s ...

The Ministry of Commerce warns that it will fine business owners who fail to affix or post clear prices for their products and services as instructed by relevant authorities. ...

Cambodia is considering investing in rice production in Cuba to help strengthen the Caribbean island nation’s capacity to ensure food security, as well as to increase the presence of the Kingdom’s varieties of the stable crop in international markets. ...

The banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National Bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. ...