Economy and commerce

The nearly 160 per cent surge in investment capital behind a slew of new large-scale investment projects outside of Cambodia’s special economic zones (SEZ) reported for the first half of 2022 has fanned optimism for a boom in production and exports – underpinned by favourable ...

Cambodia is looking to drum up interest among Korean investors in the production of goods in the Kingdom for export to their home market, and push bilateral trade beyond current levels – $549.930 million in the first eight months of 2022, up by 6.42 over ...

The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on ...

An International Monetary Fund (IMF) team led by Alasdair Scott said “The Cambodian economy has been recovering, but faces new challenges. ...

ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ...

The National Bank of Cambodia (NBC) will proceed with another auction process for the Ministry of Economy and Finance (MEF) to borrow about $50 million from investors for the second time of the government’s plan of issuance for a longer period of time of repayment ...

Train operator Royal Railway Plc, a subsidiary of local conglomerate Royal Group of Companies Ltd, has received “approval in principle” from the Council of the Non-Banking Financial Services Authority (NBFSA) to issue a bond worth about $10 million on the Cambodia Securities Exchange (CSX), which ...

Associations of Banks and Microfinance Institutions signed a Memorandum of Understanding on Monday with a FinTech federation to promote financial literacy and inclusion as part of a move towards greater digital adoption. ...

Cambodia is hosting the Global SME Finance Forum, where more than 400 delegates from 60 countries gathered to learn and share ways to create an enabling environment to support SMEs and financial inclusion as Cambodian finance specialists say access to financing remains a major challenge ...

Cambodia had made a total of $544.1 million from the exports of dry rubber and milled rice during the first eight months of 2022, according to official reports on Tuesday. ...

President Dr Arif Alvi has underscored the need for fully realizing the immense potential for investment, trade and business between Pakistan and Cambodia. ...

Phnom Penh will host the nation’s first tech expo, Cambodia Tech Expo CTX, in November, with a string of events, conferences and panel discussions aimed at strengthening the tech startup community and attracting investment opportunities. ...

Students from Liger Leadership Academy are gearing up to launch a book on Cambodia’s economy after two years of research. ...

The Secretary for Commerce and Economic Development, Algernon Yau, met with the Cambodian business sector to promote Hong Kong’s business opportunities after attending the 6th Association of Southeast Asian Nations (ASEAN) Economic Ministers-Hong Kong, China Consultation in Cambodia. ...

Cambodia has tried her best to cooperate with other ASEAN Member States and partners to boost regional and global integration for economic recovery. ...

Cambodia, as the Chair of the Association of Southeast Asia Nations (ASEAN) in 2022, has set out four key strategic thrusts under the ASEAN Economic Community Pillar, while the building process of the economic community has continued to be hindered by the constant changes of ...

Cambodia, the ASEAN Chair in 2022, applauded important discussions related to economic cooperation and development orientations among CLMV countries at the 14th Cambodia, Laos, Myanmar and Vietnam Economic Ministers’ Meeting (CLMV-EMM 14) in Cambodia, including the approval of the CLMV Action Plan for the 2023-2024 ...

In a meeting with Cambodian business sector representatives, Hong Kong Secretary for Commerce and Economic Development, Algernon Yau, promoted Hong Kong’s business opportunities. ...

As more Cambodians tap into the benefits of mobile banking, the Ministry of Economy and Finance is preparing to host a workshop to address the role of the banking sector and FinTech in Cambodia’s digital economy. ...

Economic ministers of ASEAN countries and the Republic of Korea (RoK) discussed the directions of negotiations for the upgrade of the ASEAN-Korea Free Trade Agreement (AKFTA) during their consultation meeting in Siam Reap, Cambodia, on September 16 within the framework of the 54th ASEAN Economic ...

Members of the Association of Southeast Asian Nations (ASEAN) and India on September 16 held the 19th consultation meeting on economic cooperation in Cambodia under the chair of Cambodian Minister of Commerce Pan Sorasak and India’s Minister of State for Commerce and Industry Anupriya Patel. ...

The Cambodia Microfinance Association (CMA) regarded the commentary by NGOs and civil society organizations on the industry as “biased, incomplete, and cherry-picked”, taking just the negative parts of a report produced by Germany’s Federal Ministry of Economic Cooperation and Development (BMZ) into account while ignoring ...

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) clocked in at $1.749 billion in the first eight months of 2022, marking a 27.39 per cent rise year-on-year from $1.373 billion, according to the operator. ...

Hun Sen, Prime Minister of the Kingdom of Cambodia, has encouraged ASEAN to expand trade within the framework of ASEAN Free Trade Area (AFTA) and Regional Comprehensive Economic Partnership (RCEP). ...