Economy and commerce

Cambodia’s ease of doing business (EoDB) index remains positive despite external challenges including global inflation and the Russia-Ukraine conflict, according to the Business Confidence Survey 2023 by the European Chamber of Commerce (EuroCham). ...

The Ministry of Commerce has urged exporters to adhere to the UK’s rules of origin (RoO) in order to benefit from their Developing Countries Trading Scheme (DCTS), a system of graduated tariffs on imports. ...

Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth unveiled Cambodia’s Financial Technology (fintech) Development Policy for 2023-2028, asserting its potential to harness the advantages of digital transformation in the financial sector and invigorate the country’s socio-economic landscape. ...

Canada-owned EnerCam Exploration Ltd, through its subsidiary Angkor Resources Corp, has completed a community assessment mission on Block VIII, a 7.3sq km oil and gas license, with a focus on environmental, social, and governance (ESG) principles and corporate social responsibility (CSR). ...

During his October 4 meeting with British ambassador Dominic Williams, Prime Minister Hun Manet reiterated that Cambodia’s foreign policy – including bilateral relations with the UK – will remain unchanged under his administration. The premier also expressed hope that more Cambodian products will be exported ...

Ten years on, China’s Belt and Road Initiative has injected vigorous impetus into building a community with a shared future for mankind, significantly contributing to global and regional development and stability, a Cambodian expert said. ...

Cambodia has unveiled its Financial Technology (Fintech) Development Policy 2023-2028, aiming to enhance financial inclusion, maintain financial stability, and promote innovation. ...

Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). Concurrently, imports from Australia ...

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Cambodian Prime Minister Hun Manet said some U.S. companies will soon explore investment opportunities in Cambodia after his recent trip to the U.S. ...

The Government-Private Sector Forum, scheduled to take place in November this year, will address and tackle challenges in businesses and investment and set up strategic drives to boost the economy, said Cambodian Prime Minister Hun Manet. ...

The Council for the Development of Cambodia (CDC) approved 26 private ventures in September, totalling an investment of $256.65 million, projected to create 27,262 jobs. ...

National Bank of Cambodia (NBC) governor Chea Serey has lauded the French government for its pivotal role in the expansion of the Kingdom’s financial industry, particularly its robust growth in the microfinance sector. ...

Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). ...

The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...

The Ministry of Tourism reported a surge in foreign tourist arrivals in Cambodia for the first eight months of 2023. Over 3.5 million international visitors were recorded, marking a 250.8 per cent increase compared to the same period last year. A significant 84.7 per cent ...

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. ...

Prime Minister Srettha Thavisin’s decision to visit Cambodia this week measures the solid relationship between the two countries. ...

Cambodia highly appreciated the current development of economic and trade cooperation with China, Cambodian Deputy Prime Minister Aun Pornmoniroth told Xinhua in an interview on Friday. ...

Australia and Cambodia have joined forces to promote gender equality across Cambodia’s industry sector and micro, small and medium enterprises (MSMEs). ...

The minimum wage for garment workers has been raised by $4 a month to $204 in 2024, according to the Prime Minister. ...

Thailand’s new Prime Minister, Setha Thavisin, made his first visit to Cambodia on September 28 after receiving an invitation from Cambodian premier Hun Manet. ...

Cambodia saw a jump increase in gold exports in the first semester of this year, as more domestic gold refinery plants started commercial products. ...