Economy and commerce

Construction investment in Cambodia totaled $5.3 billion in 2021, mainly from China, South Korea, and Japan, according to the Ministry of Land Management, Urban Planning and Construction. The ministry also revealed a total of 4,303 construction projects were approved by the government in 2021. ...

Showing signs of revival in tourism, the number of national and international visitors travelled across the country in the first weekend of this month rose to 246,195. ...

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Global leaders in the finance sector are slated to gather in the Cambodian capital in September when Phnom Penh hosts the SME Finance Forum. ...

Despite the pandemic, Royal Group Phnom Penh SEZ Plc. has reported an increase in exports of $492.7 million for the first seven months of the year, marking 26 percent year-on-year (YOY) growth. ...

Landfilling is underway off the shore of Kampot as the government has transferred 600 hectares to a private company to develop a $1.7-billion port. ...

The solid relationship with China has provided great benefits to Cambodia’s socio-economic development and poverty reduction, a Cambodian academic said on Monday. ...

Cambodia and Japan have signed an agreement for Tokyo to provide up to $383 million in loans to expand Sihanoukville Autonomous Port’s terminal capability. ...

Cambodia’s Foreign Minister Prak Sokhonn said here on Friday that the Regional Comprehensive Economic Partnership (RCEP) free trade agreement will be a booster for trade and investment relations between Cambodia and South Korea. ...

Cambodia and the European Union have vowed to enhance bilateral ties for mutual benefits, a spokesman said on Friday. ...

Plans are in place for Cambodia to sign a $200 million loan with Japan to jointly develop Sihanoukville’s deep-sea port to enable ships that weigh up to 1,200 tons to dock. ...

The General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. ...

Cambodia holds huge potential for Singaporean investors, who can play a role in helping the nation’s economy return to pre-pandemic levels by ploughing funds into infrastructure and other dominant sectors. ...

Cambodia and China’s bilateral trade hit more than $11 billion last year, Prime Minister Hun Sen said on Wednesday as he asked visiting Chinese Foreign Minister Wang Yi to increase economic exchange to reach $15 billion. ...

The Council of Ministers released a summary report yesterday on key multi-sector achievements during the last five years from 2017 to 2021, which includes economic diversification of the country to showcase the Cambodian government’s continuous efforts to overcome obstacles and challenges, in particular, the Covid-19 ...

In the second half of 2022, inflation rate is forecasted to decline to 3.2 percent after rising to 6.5 percent in the first half of this year. ...

Global growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). ...

Kampong Seila Special Economic Zone Co Ltd on July 29 signed a memorandum of understanding (MoU) with Environmental Protection Industry Associations of Cambodia (EPIAC) in a bid to promote environmental protection at the namesake special economic zone (SEZ) in Preah Sihanouk province and enhance its ...

Cambodia’s sole exporter of cashew nuts to Japan is set to resume shipments in mid-September, after it sent its last consignment in March, before Tokyo began requesting an additional certificate, a requirement it had waived in light of Covid-19, according to the enterprise’s owner. ...

In the last three months, Cambodia paid $183 million in foreign debt, with total debt standing at $9.81 billion. However, authorities remain unconcerned, claiming funds are being funneled into investment and development. ...

Cambodia’s garment, footwear and travel goods industry has seen a 40-percent rise in exports in the first half of this year, according to a report from the General Department of Customs and Excise. ...

The poverty rate in Cambodia fell to 17.8%  in 2020, from nearly 40%  in 2009, according to a senior official at the Ministry of Planning. ...

Cambodia will benefit significantly from the Phnom Penh-Sihanoukville expressway project such as faster and cost-efficient transport and logistics. ...

A Chinese firm plans to invest over US$300 million to construct a largest tyre plant at Sihanoukville Special Economic Zone (SSEZ) in Preah Sihanouk province in 2023 ...