Economy and commerce

The Royal Government of Cambodia Friday approved a budget bill of approximately 37.950 billion riels ($9.32 billion) for expenditure in 2025, down from 38.829 billion riels ($9.54 billion) in 2024. ...

Cambodia’s path to economic transformation has taken a significant step forward with USAID administrator Samantha Power’s announcement of $50 million in new US government aid. ...

The European Union (EU) is committed to supporting Cambodia’s economic development and aims to elevate their growing trade relationship, EU Ambassador to Cambodia Igor Driesmans stated during an interview with Khmer Times. ...

The Online Business Registration System (OBR), better known as the Single Portal, under the Ministry of Economy and Finance (MEF) registered businesses with $13.76 billion in investment capital as of September 2024, official figures showed on Wednesday. ...

Bilateral trade between Cambodia and Japan in the first nine months of 2024 amounted to nearly $1.6 billion, marking an increase of almost 20% compared to the same period in 2023, with Cambodia’s exports to Japan surpassing $1 billion. ...

Samantha Power, the Administrator of the United States Agency for International Development (USAID), announced on Wednesday another $38 million to support the Cambodian people through a range of new expanded US activities. ...

Global Tower Corporation Pty Ltd (GTC), a prominent telecommunications infrastructure company in Cambodia, has secured $19.97 million in financing from Export-Import Bank of Malaysia Berhad (EXIM Bank Malaysia) to support the expansion of essential telecommunications infrastructure across the Kingdom. ...

Cambodia’s fresh cassava market appears robust, which has seen significant growth in exports – up over 160 percent in the first three quarters of 2024. ...

Cambodia attracted Foreign Direct Investment (FDI) worth $443 million in September 2024 which could create about 25,000 more jobs for local people, it was disclosed on Wednesday. ...

Cambodia’s export to the European Union (EU) surged to $3.29 billion in the first three quarters of 2024, up nearly 20 percent from $2.79 billion compared to the same period last year. ...

Cambodia’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $25.54 billion in the first nine months of 2024, up 17.1 percent over the same period last year, a report said on Tuesday. ...

Cambodia’s trade volume with its fellow ASEAN member states was valued at $11.72 billion in the first nine months of 2024, up 13 percent from $10.37 billion over the same period last year, said an official report released on Tuesday. ...

Over the past two to three years, the price of gold on the international market has steadily risen, driving up prices in Cambodia, even as the country exports refined gold to global markets. ...

The Covid-19 pandemic brought widespread economic disruption across the globe, and Cambodia was no exception. ...

There’s a broad consensus on Cambodia that it has become one of the attractive destinations of the world. In gist, it has become the apple of the eye for global investors. Going by the latest report of the Council for the Development of Cambodia – ...

Cambodia’s international trade with 170 countries exceeded $52 billion from August 2023 to July this year, an increase of 9.4 percent compared to the same period last year, said Neth Pheaktra, Minister of Information (MoI). ...

The Kingdom exported 248,535 tonnes of rubber products earning more than $397 million in the first three quarters of 2024, according to a report released by the General Directorate of Rubber on Friday. ...

Official data showed on Friday that Cambodia earned $394 million in revenue from exports of natural rubber latex in the first nine months of 2024, up 18 percent from $332.6 million in the same period last year. ...

Peace, political stability, macroeconomic stability and multilateral and bilateral free trade agreements have played a critical role in attracting foreign direct investment (FDI) and fostering economic growth in the Kingdom, said Sun Chanthol, Deputy Prime Minister and First Vice- President of Council for the Development ...

To help address climate change impacts and foster a sustainable financial ecosystem in Cambodia, International Finance Corporation (IFC) is collaborating with the Association of Banks in Cambodia (ABC) to boost the capacity of local financial institutions in the climate finance space. ...

Australian ambassador to Cambodia Derek Yip expressed interest in Cambodia’s infrastructure development plans, as trade between the two countries exceeded $220 million in the first three quarters of 2024. ...

Over the past decade, Cambodia has progressed in integrating into the global trade network and diversifying its exports beyond traditional products such as garments and textiles. Amid the changing global trade landscape, the country faces challenges such as trade disruptions and intensified competition. It is now ...

The government is actively working to expand its power generation and transmission capabilities to meet the country’s growing energy demands, said Keo Rottanak, Minister of Mines and Energy. ...

When Davuth fell behind on his microfinance loan earlier this year, a credit officer visited his home in Ratanakiri province almost daily. The officer pressured him to borrow from neighbourhood lenders or sell his farmland – his main source of income and livelihood, he said. ...