Economy and commerce

International Monetary Fund (IMF) managing director Kristalina Georgieva urged ASEAN leaders to invest in international cooperation as well as growth-enhancing reforms to fully recover and continue on the pre-pandemic path to prosperity amid a global economic slowdown. ...

The Cambodia Chamber of Commerce (CCC) has signed a memorandum of understanding (MoU) with the Philippine Chamber of Commerce and Industry (PCCI), fostering collaboration in agriculture and the advancement of micro, small, and medium enterprises (MSMEs). ...

A Chinese official with the Chinese embassy in Phnom Penh has pledged to increase bilateral trade between Cambodia and China by encouraging Chinese investors to invest in all sectors in the Kingdom. ...

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), noted the thriving state of the Cambodian economy, recalling that he had seen it first-hand during his visit to the ASEAN Summit hosted by Cambodia last in 2022. ...

The Banking Jobs and Skills Summit 2023 is set to take place from September 29-30 at the National University of Management (NUM), featuring around 20 financial institutions and offering thousands of job opportunities to students. ...

The Economist Intelligence Unit (EIU) has ranked Cambodia as the world’s sixth most attractive investment destination for market expansion by Chinese companies. ...

Kim Jin-pyo, president of the South Korean National Assembly (NA), has lauded Cambodia’s new government and NA, describing the new mandates as full of youthful energy and ready to develop the Kingdom. ...

Cambodia will start exporting an agreed annual quota of 250,000 tonnes of milled rice to Indonesia from next year after the two nations reached a rice deal earlier in August, the Ministry of Commerce said. ...

Cambodia exported $1.09 billion worth of goods to Japan in the first seven months of this year, a year-on-year increase of 4.3 percent, the Japan External Trade Organization (JETRO) report showed recently. ...

Cambodia has generated approximately $34.35 million in revenue from the American multinational technology conglomerate Meta Platforms Inc. doing business as Meta or the Facebook Value Added Tax (VAT) in 2022 and 2023, said the figures of tax revenue released Sunday by former Prime Minister Hun ...

ASEAN leaders and business community need to enhance and deepen the ASEAN Economic Integration and promote intra-ASEAN trade and investment as the world experiences geopolitical tensions and economic uncertainties, urged Prime Minister Hun Manet in his first overseas speech. ...

Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...

Indonesia plans to increase import of rice to 250,000 tonnes a year from Cambodia to preserve its food security, and in turn support the Kingdom’s food security infrastructure by supplying fertiliser and providing training to agriculture workers. ...

The effects of the ongoing global political and economic crisis has likely affected bilateral trade between Cambodia and Canada, as reflected by a 24.7 per cent year-on-year fall in trade value at $535 million in the first seven months of 2023, versus $711.1 million last ...

ASEAN economic ministers have initiated talks on the Digital Economy Framework Agreement (DEFA), a significant regionwide accord set to shape the world’s foremost tech-driven financial systems partnership. The launch occurred during the ASEAN Economic Community Council (AECC) gathering, held in the Indonesian capital Jakarta on September ...

Domestic stakeholders and economic experts are advocating for an enhanced investment climate to elevate Cambodia’s status and attract foreign direct investment (FDI) within ASEAN.​ Tan Monivann, vice-president of the Cambodia Chamber of Commerce (CCC), is currently attending the 43rd ASEAN Summit in Indonesia. He conveyed ...

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

Asean’s digital economy which reached $194 billion in 2022 is now projected to rise to $330 billion by 2025. ...

Indonesia has received a nod from the Cambodian government for the supply of 250,000 tons of rice a year, President Joko Widodo said on Monday. ...

Following a hiatus due to the Covid-19 pandemic, Cambodia and Japan are expected to hold their 14th policy consultation meeting in November, according to the Council for the Development of Cambodia (CDC). ...

A high-profile women entrepreneur delegation from India completed a fruitful visit to Cambodia recently. The group comprised 55 women entrepreneurs (25 from Karnataka) from organisations such as Ubuntu Consortium, Federation of Karnataka Chambers of Commerce & Industry (FKCCI), WISE (Women’s Wing of Mysore Chamber of ...

The Indonesian Chargé d’affaires in Phnom Penh Lauti Nia Astri and the Economic Section have visited Battambang Province to collect economic intelligence data and explore opportunities and economic cooperation, especially in food security. ...

Cambodia earned revenue of $228.5 million in rubber exports in the first seven months of this year, according to a report from the General Directorate of Rubber. ...

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...