Economy and commerce

The Royal Government of Cambodia’s total public debt stock is at $9.81 billion consisting of 68 percent from Bilateral Developing Partners (DPs) and 32 percent from Multilateral DPs, according to Cambodia’s Public Debt Situation at the end of Q1 2022. ...

Cambodia collected $1,726 million in tax income in the January-May period this year, a 27.95% increase as compared to the same period last year, according to an official statement yesterday. ...

Tourism players have asked the finance ministry to extend the tax exemptions currently enjoyed by the industry from June 30 to December 31, citing instability in business.   ...

The retail prices of regular-grade petrol and diesel respectively increased by about 2.65 per cent and 10.91 per cent on June 13, according to a notice issued by the Ministry of Commerce.   ...

Cambodian exports of footwear and related items topped $700 million in the first five months of 2022, representing gains of more than a third from the same period last year, in an upswing expected to continue as international tourism flows return to pre-Covid-19 levels.   ...

The Council for the Development of Cambodia (CDC) has just approved four new investment projects with a total investment of nearly $24 million that will create more jobs in the country. ...

Cambodia’s exports increased during the first five months of this year, which reflected the revival of production chains in the garment and non-garment sectors after a successful vaccination campaign and easing of the pandemic. ...

Cambodia’s total trade volume was valued at $22.4 billion in the first five months of 2022, up 19.7 percent from 18.7 billion dollars over the same period last year, an official report showed on Monday. ...

After enduring the trials and tribulations caused by the Covid-19 pandemic, civil servants in the Kingdom have something to rejoice at last. Prime Minister Hun Sen announced yesterday they would all be given a pay rise after a two-year freeze due to the pandemic. ...

Cambodia has exported over 25,000 tonnes of milled rice to ASEAN countries in the first five months of this year, an increase of 9 per cent compared to the same period last year. ...

The Japanese government has agreed to provide a grant of over $3 million to Cambodia to stimulate human resources and socio-economic development and further promote existing cooperative ties between the two nations. ...

Cambodia’s famous Angkor Archaeological Park attracted 45,779 foreign tourists in the first five months this year, up a whopping 859 percent compared to the same period last year. ...

The Cambodia-South Korea Free Trade Agreement can help boost Cambodian exports of garments, textiles, and footwear to South Korea. The agreement also presents opportunities for value-added investments in Cambodia’s downstream processing industries through a ‘plus one business model’, in which South Korean companies could expand ...

Phnom Penh has so far attracted around 1,000 new investment projects covering a construction area of 4.63 million square metres, with an investment capital of over U$2.26 billion. ...

The number of foreign tourists arriving in Cambodia by air increased remarkably in 2022 after the government lifted Covid-19 restrictions, the Ministry of Tourism has said.​​ ...

Cambodia Hotel Association (CHA) has distributed $150 million financial aid from the government to revive the country’s tourism sector hit by the Covid-19 pandemic, a senior official said. ...

Cambodia’s famed Angkor Archaeological Park had attracted 45,779 foreign tourists in the first five months of 2022, up 859 percent compared to the same period last year, said a press statement on Tuesday. ...

The SME Bank of Cambodia has said 1,834 small and medium-sized enterprises (SME) benefitted from loans under the phase II financing scheme as of May 31 this year, which involved $221 million – about 92 percent of the total funding budget of $240 million. ...

The Council for Agricultural and Rural Development (CARD), in collaboration with the UN World Food Programme (WFP), have launched a dissemination strategy for the SUN Business Network (SBN) – a key part of the global Scaling Up Nutrition (SUN) Movement – in a bid to ...

A number of new industrial factories registered in the first period of 2022 increased remarkably, reflecting the confidence of investors in Cambodia after the country allowed the resumption of its socio-economic activities, said a senior official. ...

The Cambodian government plans to issue bonds worth 1.2 trillion riels, equivalent to approximately $300 million, for the first time this month for creating a new source of public financing and a new financial instrument for investors in the securities market. ...

The number of international tourists has seen a sharp increase by 191 percent or 241,485 in the January-April period this year, a positive sign for the tourism recovery since Cambodia announced to fully reopen the country in November last year. ...

The Council for the Development of Cambodia (CDC) on May 31 announced that it had greenlit final registration certificates to four textile-related projects worth a total of about $17 million that are set to create 4,990 jobs.   ...

The Economic Research Institute for ASEAN and East Asia, in partnership with the Asian Network, launched last week a new ERIA initiative to promote inclusive economic development through entrepreneurship and innovation across ASEAN and East Asia: the E-S-I Knowledge Lab. ...