Economy and commerce

Chinese Foreign Minister Wang Yi’s visit to Cambodia is crucial to deepening the China-Cambodia comprehensive strategic partnership of cooperation, showing China’s commitment to fostering stronger ties with its neighbors, a Cambodian expert said. ...

The Battambang province attracted approximately 2,315,126 local tourists and 256,561 international tourists during the last five years, a press release of the Ministry of Information (MoI) said. ...

The Securities and Exchange Regulator of Cambodia (SERC) signed a Memorandum of Understanding (MoU) with the Lao Securities Commission Office (LSCO) to collaborate in the regulation and development of securities markets in both countries, said an official. ...

Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods extended its lean patch into the seventh month of the year, as the exports recorded a decline of 20.44 percent in the January to July period of 2023. ...

Canada imported nearly 769,000 knitted coats from the Kingdom during the January-May period of the current year, according to a website, which tracks the developments in the textile industry. ...

A five-member delegation from Cambodia attended the ASEAN-Pakistan Business Opportunities Conference 2023, which concluded in Lahore, Pakistan, on Friday. ...

Cambodia is trying to establish itself as a leading cashew-producing and exporting country through its National Policy on Cashew 2022–2027. The government aims to boost cashew output, develop processing facilities, diversify export markets, and simplify trade facilitation programs. ...

Cambodia exported $13.525 billion worth of goods to international markets in the January-July period of 2023, a year-on-year decrease of 2 percent, a report of the General Department of Customs and Excise showed on Friday. ...

Social media is rapidly taking over the e-Commerce sector in the Kingdom with almost all local businesses promoting their services using social media platforms, a latest market report has revealed. ...

A Chinese firm has expressed its interest to invest in the agricultural sector, particularly in cassava and corn cultivation and forage plant breeding in the central province of Kampong Thom. ...

The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) are working together with members over the allegation on suicides and attempted suicides due to over-aggressive handling by loan officers in Ratanakkiri recently. ...

A master plan was officially launched to transform Kep province into a smart and luxury tourism destination to host the upcoming 10th Sea Festival and other international events in the future, a press release of the Ministry of Tourism (MoT) said. ...

Cambodia received approximately 1.1 million tourists in July, which sums up to a total of over 12 million visitors recorded in the first seven months of the year, a press release of the Ministry of Information (MoI) said. ...

ASEAN can be the convening power to assist in managing the growing challenges in the evolving dynamics of the Indo-Pacific, geopolitical scientist Dr Johan Saravanamuttu said. ...

The Indonesian Financial Services Authority, commonly known as OJK, has joined forces with its Cambodian counterpart to bolster the supervision of non-bank financial institutions and contribute to the stability of the global financial system. ...

The Kingdom’s rice export industry is on the rise. The Cambodia Rice Federation (CRF) recently reported that between January and July 2023, the nation exported more than 360,000 tonnes of milled rice to 52 target countries, accounting for 52 per cent of the yearly target ...

Cambodia is seeking increased foreign investment in the silk sector amid widespread promotion of the sector in the international market. ...

Cambodia Cashew Federation (CCF) recently urged processing companies in Vietnam to buy cashew nuts directly from farmers as this can ensure better prices for them. ...

To showcase the potential of online sales, cross-border trade, digital entrepreneurship and market diversity within the region, the ASEAN Online Sale Day (AOSD) will be held for two weeks from August 8 this year. ...

The Cambodian banking industry is facing increasing systemic risks due to the looming economic uncertainty and rising non-performing loans (NPLs). ...

South Korea’s KB Kookmin Bank on Sunday said it received final approval on Friday from Cambodia’s Ministry of Commerce to launch the integrated commercial bank KB Prasac Bank. ...

The Ministry of Commerce (MoC) issued an announcement to alert businesspeople that the sub-decree on requirements and procedures for business merging that the government approved on March 6, 2023, with the signature affixed by Prime Minister Hun Sen will enter into force on September 6, ...

The Skills Development Fund (SDF), under Cambodia’s Ministry of Economy and Finance, has implemented 100 training projects in the last five years since its inception in March 2018, benefitting 11,309 workers. ...

A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...