Economy and commerce

Two tyre manufacturing factories, with a total investment of $686 million, were approved by the Council for the Development of Cambodia (CDC) in August, creating 3,459 jobs. ...

Cambodia Friday urged Indonesian companies to invest 100 percent in rice mills with options to export not only to Indonesia but also to other countries as well. ...

The Ministry of Industry, Science, Technology & Innovation (MISTI) hosted a workshop on Friday, titled “Cambodia’s National R&D Management System,” aimed at bolstering the research ecosystem by helping researchers choose innovative research topics and transfer their results for socio-economic benefits. ...

Farmers are being urged to cultivate the award-winning Sen Kro Ob 01 fragrant rice variety due to its potential for bigger yields and higher prices, both domestically and internationally. ...

The Minister of Industry, Science, Technology & Innovation Hem Vanndy, yesterday delivered a keynote address on the development of Cambodia’s informal economy to about 200 students at CamEd Business School. ...

The Minister of Education, Youth, and Sports Hang Chuon Naron, yesterday received a courtesy call from Santo Darmosumarto, Ambassador of the Republic of Indonesia to Cambodia, to further strengthen and expand cooperation in the field of education, youth, and sports between the two countries. ...

Cambodia’s economy is projected to grow by 5.6 % this year, up from 5% compared to last year, boosted by a rise in garment exports and ongoing tourism recovery, said an ASEAN+3 Macroeconomic Research Office (AMRO) press release on Thursday. ...

Cambodia exported 412,023 tonnes of milled rice in the first eight months of this year, with a revenue of $305 million, the Cambodia Rice Federation said in a news release on Thursday. ...

Cambodia’s economy is projected to grow by 5.6 percent in 2024 and 5.9 percent in 2025. The recovery momentum is driven by a rebound in the garment sector and sustained growth in the non-garment manufacturing sector. ...

Bilateral trade between Cambodia and Thailand is expected to reach $15 billion by 2025, said a release on Wednesday. ...

The Philippines is committed to boosting investment in Cambodia’s rice and pepper sector for export to the Philippine market. ...

Cambodia and China will sign a $2 million deal under the Mekong-Lancang Cooperation Special Fund 2024 to support eight projects across various sectors, reflecting their commitment to regional development. ...

The Federal Government of Germany is providing $3.12 million under the auspices of Norwegian People’s Aid (NPA) to support demining activities in Banteay Meanchey and Oddar Meanchey provinces for the next two years. ...

Cambodia will receive about $2 million from China under the Mekong-Lancang Cooperation (MLC) Special Fund for 2024. Both countries will sign an agreement on this on Thursday in Phnom Penh.​ ...

The special economic zone owner-operator has recorded zero land sales in the second fiscal quarter with revenue down 82 percent. A share buyback is underway to raise the stock price, which has fallen nearly 20 percent since its IPO price. ...

Acting Head of State Hun Sen Tuesday expressed satisfaction with the growing trade volume between Cambodia and Thailand. ...

Cambodia has added three new initiatives to the Siem Reap-Angkor Action Plan 2025-2029, addressing the issues of gender, environment, and improvised anti-personnel mines. These additions reflect the country’s commitment to upholding the Ottawa Convention. ...

The Cambodia Chamber of Commerce (CCC) and China’s Shanghai Council for the Promotion of International Trade (CCPIT Shanghai) Tuesday enhanced cooperation in trade and investment between the two countries. ...

With this, the number of projects eligible under the special investment promotion programme soared to 110. ...

Cambodia’s famed Angkor Archaeological Park made $30.33 million from ticket sales in the first eight months of 2024, up 31.3% from $23.09 million over the same period last year, said an official report on Sunday. ...

International Finance Corporation (IFC) – a financial institution that promotes private-sector development in the least developed countries (LDCs) – has increased its investment from $167.5 million to $438.5 million into the Kingdom’s financial sector, a rise of 260 percent over the past five years. ...

The Securities and Exchange Regulator of Cambodia (SERC) and Credit Guarantee Corporation of Cambodia Friday partnered to promote the issuance of guarantee bonds. ...

China remains Cambodia’s top investor while the US sits at the bottom of the scale, with a socio-economic expert warning about the need to balance relations between the two superpowers. ...

Residents of Arey Ksat town in Kandal province are thrilled by the news that construction of the Cambodia-Korea Friendship Bridge will begin in June next year. ...