Economy and commerce

The Council for the Development of Cambodia (CDC) notices issued year-to-February 28 reveal that it has greenlit 27 new private investment projects – 19 in textile-related sectors – worth a cumulative $198.2 million, which are expected to generate a total of 39,914 jobs. ...

Sovannaphum Life Assurance Plc, with its financial strength and trust, is making women’s economic empowerment its top corporate social responsibility (CSR) priority this year by financing small-scale businesswomen. ...

The work on the master plan to develop Preah Sihanouk province into a multi-purpose model Special Economic Zone has reached the halfway mark and has now entered the stage of review and recommendations at the technical level, according to Long Dimanche, the Deputy Governor of ...

Prime Minister Hun Sen yesterday called on all stakeholders to pay high attention and do their best to boost the country’s tourism sector. ...

Small and medium enterprises (SME) contribute 98 percent of all businesses in Cambodian and contribute about 58 percent of the kingdom’s GDP. ...

Hun Sen said on Monday Cambodia has not been successful in exporting one million tons of rice because of a lack of processing basics, including rice mills, dry ovens, and capital. ...

The National Bank of Cambodia (NBC) and Cambodia Microfinance Association (CMA) have rolled out a pilot campaign to promote financial literature, consumer empowerment and protection in Cambodian communities. ...

Prime Minister Hun Sen said Cambodia could become one of the main cashew nut producers and exporters in the world, and added the commodity has the potential but limitations of processing. ...

A project to strengthen financial literacy at the local level has been launched to promote knowledge related to finance, rights, and client protection as well as to increase clients’ access to formal financial services within communities. ...

National Bank of Cambodia (NBC) on Thursday created a new milestone for the country by inking deals with the central banks of the Republic of Fiji and the Solomon Islands to exchange knowledge and experience on financial innovation and inclusion as well as to share ...

Cambodia’s export to South Korea has increased significantly thanks to the bilateral free trade agreement, which was put into force last December. ...

The National Bank of Cambodia (NBC) and the Cambodia Microfinance Association (CMA) have jointly launched the “Safe Finance in Community” project to promote financial literacy, rights and consumer protection in communities, a press statement said on Monday. ...

A partnership between Cambodia Microfinance Association (CMA) and Water.org aims to increase access to safe water and sanitation nationwide by offering incentives to finance the sector. ...

The Ministry of Public Works and Transport has decided that all cargo ships unloading or picking up goods in Cambodia must register through the Port Electronic Data Interchange (Port EDI) system, an electronic data exchange system which manages large-scale inbound and outbound cargo traffic at ...

Cambodia’s insurance industry recorded a total premium of $331.8 million  in 2022, up 10.6 percent from $299.8 million in a year earlier, a report by the Insurance Regulator of Cambodia (IRC) showed on Friday. ...

Cambodia has signed Memorandums of Understanding (MoUs) with the Solomon Islands and Fiji to extend the collaboration in the areas of financial innovation and payment system, said a joint statement on Friday. ...

National Bank of Cambodia (NBC) and Bank of China on Wednesday discussed means to expand the cross-border payment between the two countries as well as develop transactions in other member states of the Association of Southeast Asian Nations (ASEAN), said a release. ...

The Agence Française de Développement (AFD) has re-asserted the Public Development Banks’ (PDB) involvement in green public finance management during the latest visit to Cambodia by Rémy Rioux, Chief Executive Officer of the French Development Agency and President of FICS (Finance In Common Summit). ...

Chinese investors and business people are keen to return to Cambodia following the opening of China’s borders and Cambodia, on its part, is ‘China Ready.’ The bonhomie between the business communities of the two countries came to the fore once again at a forum organised ...

Cambodia on Thursday launched the Agriculture Services Program for an Inclusive Rural Economy and Agricultural Trade, aiming to link agricultural products to markets. ...

In January 2023, the bilateral trade between Cambodia and India amounted to $37 million, according to the General Department of Customs and Excise’s report. ...

Ms Gabriele KATZMAREK, Member of the German Bundestag, has spoken highly of Cambodia’s rapid development in all sectors. ...

The Council of the Development of Cambodia (CDC) has approved 150 investment projects worth approximately $2.9 billion proposed by Japanese investors in the country as of the end of January this year, according to the figures released in a press release issued yesterday by CDC ...

A senior investment official has reiterated a request for Japanese investors to ramp up their commitments to the Cambodian market, recommending a Thailand or Vietnam “Plus One” business approach, amid a government-spearheaded push towards deeper integration into regional and global supply chains. ...