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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. ...

Open Development Cambodia on September 1, 2024 released a report on forest cover in Cambodia from 2015 to 2023. In this report, ODC claims that forest cover in Cambodia will fall below 40% by 2023. ...

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. ...

The Ministry of Information has set a short- and long-term strategic plan for the development of the information and audio-visual sector over the next five years to contribute to the government’s reform on the information and audio-visual sector. ...

Negotiations surrounding the minimum wage for workers in the textile, apparel, footwear and travel goods sector have started, with employee representatives proposing a $14 increase while employer representatives put forward $1. ...

Every year, migrant workers send more than $2.9 billion sending money to their families, which not only supports their livelihoods but significantly contributes to the national economy. ...

Cambodia attracted 391 fixed-asset investments worth $7.5 billion in the first year of the 7th Mandate of the new government with China topping the list of sources, a report from the Council for the Development of Cambodia (CDC) showed yesterday. ...

In recent years, Environmental, Social, and Governance (ESG) practices have gained significant traction globally, and Cambodia is no exception to this trend. As global markets, particularly those based in the European Union, set increasingly stringent environmental regulatory standards, Cambodian businesses face both challenges and opportunities ...

Cambodian worker representatives have called for a $14 increase in the minimum wage, while employer representatives have proposed a $1 increase on the current rate of $204 for 2025, according to a press release from the Ministry of Labour and Vocational Training following a meeting ...

The European Union (EU), has reaffirmed its ongoing support for Cambodia’s water supply sector and expressed interest in expanding collaboration for the development of green industry, research and innovation. ...

Cambodia will soon sign double taxation agreements (DTAs) with Laos and the Philippines, as it has completed technical procedures for the deals, the General Department of Taxation (GDT) said. ...

The Fisheries Administration of the Ministry of Agriculture, Forestry and Fisheries will organize the first Cambodian Aquaculture Exhibition in November to promote aquaculture or local breeding products. ...

The Cambodian economy is demonstrating signs of an overall rebound in 2024, spurred by improving liquidity and improving export demand, says a recently released report, titled ‘Economic Snapshot and Outlook 2024’ by investment advisory firm, Mekong Strategic Capital (MSC). ...

From September 2023 to August 2024, in the first year of the 7th-mandate the Royal Government of Cambodia, the Council for Development of Cambodia (CDC) granted licences to 391 new investment projects and production expansion projects with a combined capital of over $7.5 billion. ...

On 29 August 2024, the National Bank of Cambodia issued a press release on the official launching ceremony of cross-border payment project between the Republic of Korea and the Kingdom of Cambodia (phase 1: customer of Jeonbuk Bank Mobile Banking App scan Bakong on their ...

On 29 August 2024, the Ministry of Foreign Affairs and International Cooperation issued a press release on the official visit of Deputy Prime Minister Sok Chenda Sophea to the Philippines and the Fourth Meeting of Cambodia-Philippines Joint Commission for Bilateral Cooperation on their official website. ...

Prime Minister Hun Manet has unveiled an ambitious plan to transform 7,000 public schools to replicate the success of Wat Bo Primary School in Siem Reap, known for its high-quality education and exemplary student behaviour. ...

The Royal Government of Cambodia yesterday unveiled a comprehensive five-year public debt management strategy for 2024 to 2028 which will reflect in the allocation of resources to various public infrastructure projects. ...

The Ministry of Civil Service has updated the details of civil servants working in the education and healthcare sectors into the sub-national database. ...

Prime Minister Hun Manet has unveiled plans to scrap taxes for small businesses earning less than 250 million riels, with calls being made to implement the measure and ensure businesses understand it. ...

Cross-border cooperation and sectoral integration are crucial in a world where Science, Technology, and Innovation (STI) are propelling economic progress. ...

Prime Minister Hun Manet asked the Ministry of Economy and Finance (MEF) to prepare a stimulus package to encourage investment in the northeastern provinces including Kratie, Stung Treng, Mondulkiri and Ratanakiri. ...