News

The Ministry of Commerce (MoC) is making earnest efforts to reach out to uncharted African markets via the Middle East, while strengthening the existing major markets such as the United States, Canada, the European Union, and countries within the regional comprehensive economic partnership (RCEP). ...

Cambodia leads the growth projection in Southeast Asia in 2024, according to Seasia Stats based on Southeast Asia’s 2024 GDP growth projection from the IMF’s October 2023 Outlook and January 2024 update. ...

Digital technology professionals are in huge demand to meet the current and future job needs, as well as to contribute to economic growth and support the digital transformation process. ...

Cambodia exported 166,451 tons of milled rice in the first quarter (Q1) of 2024, down 5.7 percent from 176,581 tons in the same period last year, a report from the Cambodia Rice Federation (CRF) showed. ...

The Royal Government of Cambodia is committed to promoting small and medium enterprises (SMEs) which are the backbone of the national economy, providing 70 percent of jobs and contributing 58 percent to the GDP. ...

The Council for the Development of Cambodia (CDC) approved 106 fixed assets investment and expansion projects worth $2.2 billion in the first three months of this year, a jump of 649 percent over the same period last year. ...

Khmer Enterprise (KE) hosted an event on April 5,2024 to hand over grants for 38 startups and small and medium enterprises (SMEs) to support them to stabilize their business, strengthen operations and enhance their export potential. ...

The government is encouraging eligible residents to register for financing under the social protection programme, which offers Health Equity Fund cards to the elderly, people with disabilities, and vulnerable families from April 1 to 20, 2024. ...

A recent announcement from the Ministry of Economy and Finance outlines a preferential tax that benefits businesses in the agriculture sector until 2025, including suspension of minimum tax payments, an exemption from income tax and the obligation to deduct tax on payments for the provision ...

Tourism players and economic experts have welcomed SME Banks’ loan scheme of more than $50 million to help Siem Reap business owners. However, while potentially improving tourism performance, concerns have been raised about mounting debt. ...

The Ministry of Tourism (MoT) in collaboration with the Small and Medium Enterprise Bank of Cambodia (SME Bank) early this week launched financial schemes aimed at providing tourism business owners to develop or expand their operations in Siem Reap province. ...

The Japan-Cambodia Association office, officially inaugurated on Monday in Phnom Penh, will play an important role in attracting more Japanese businessmen and investors to Cambodia, said Heng Sour, Minister of Labor, Vocational Training (MLVT). ...

Cambodia is ready to be a strategic partner of businessmen and investors to seize ASEAN’s viable economic opportunities and is committed to working closely with ASEAN member states and dialogue partners to build a resilient, sustainable and competitive ASEAN Economic Community (AEC) for the common ...

The Cambodian government has formed a committee tasked to solve problems faced by the private sector and promote investment and business environment in the country. ...

Authorities have revealed plans to increase primary education from half a day to a full day in 50 schools to increase the level of learning, with calls being made for teachers’ pay to be increased in accordance with the additional time spent teaching. ...

The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...

As high as 83 percent of Cambodians opt for private healthcare. A decision, which might lead to them getting financially stressed.​ ...

Cambodia is ready to be a strategic partner of businessmen and investors to seize ASEAN’s viable economic opportunities and is committed to working closely with ASEAN member states and dialogue partners to build a resilient, sustainable and competitive ASEAN Economic Community (AEC) for the common ...

The advancement of Science, Technology, and Innovation is instrumental in propelling Cambodia towards its goal of becoming a high-level middle-income country by 2030 and a high-income country by 2050. ...

The National Bank of Cambodia (NBC) Governor Chea Serey encouraged businesses in the Kingdom to prioritize internal policies to pay staff salaries in Khmer Riel (KHR) as opposed to the US dollar (USD), especially in regards to businesses involved in the garment, textile and footwear ...

The Ministry of Economy and Finance (MEF) in collaboration with Climate Investment Funds (CIF) and the Asian Development Bank (ADB) is co-hosting a four-day international forum aimed at exchanging experiences to address climate change, sustainable forestry and nature-based solutions in the Asia-Pacific region. ...

Local conglomerate Royal Group is developing a new special economic zone (SEZ) in Kandal province to fulfill the increased demand for quality manufacturing facilities around Phnom Penh. ...

Heng Sour, Minister of Labor and Vocational Training, said that Cambodia is ready to support Japanese investors who want to invest in Cambodia and expand labor cooperation between Cambodia and Japan. ...

Prime Minister Hun Manet underlined the Royal Government’s ambition and comprehensive reforms to streamline processes and increase overall investor attractiveness. ...