Economy and commerce

Cambodia is set to host the 47th Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Annual Meetings from May 14-16, 2024. Centred on regional financial development, the meetings are expected to bring together delegates from some 40 countries to share their knowledge ...

Government representatives and industry leaders in Cambodia are joining forces to explore opportunities for a circular textile economy, aiming to address the pressing challenges in waste management within the textile industry. ...

A Chinese-invested tire factory in Cambodia’s Sihanoukville Special Economic Zone (SSEZ) officially launched its operation on Monday. ...

The Sihanoukville Special Economic Zone (SSEZ), a flagship project in Cambodia under China’s Belt and Road Initiative (BRI), has not only injected impetus into the kingdom’s economic growth, but also importantly contributed to improving livelihoods of tens of thousands of locals. ...

Cambodia and China will jointly hold a series of events this year to boost trade, investment, tourism, and other key areas of cooperation, a senior official said. ...

The Council of Ministers on Friday approved the Tonle Bassac navigation and logistics system project worth approximately $1.7 billion to maximise the potential of Cambodia’s waterway transportation by connecting the Mekong River system to the sea after a 26-month study has been completed, said a ...

Cambodia earned more than $200 million from the export of rubber and rubber products, an increase of more than 38 percent compared to the same period in 2022, reaching just over $149 million. This is according to the four-months report of 2023 of the General ...

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent in 2023, led by manufacturing exports, according to a World Bank report. ...

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5% this year, according to a World Bank (WB) report. ...

The capital’s sole water concessionaire, Phnom Penh Water Supply Authority, saw increased net profit and revenue between January and March this year ...

Recently, the Samlot Durian Cluster, a durian association based in Cambodia’s Battambang province, held a meeting with several investors to discuss export opportunities to China, even though Cambodian durians have not yet secured access to this lucrative market. ...

Cambodia’s new AEO (authorised economic operator) programme – and implementation thereof by Customs (GDCE) – will make life more convenient for investors and support initiatives to attract additional players to the Cambodian market, observers have claimed. ...

Two local public-listed state-owned enterprises (SOE) have posted financial results for either the first three or four months of the year, which fell somewhat short of expectations, as local, regional and global economies continue to feel the shockwaves of the Russo-Ukrainian conflict. ...

Koh Kong provincial governor Mithona Phouthong has warned that proposed flight trials at the province’s Dara Sakor International Airport could possibly be postponed as the developers need more time to complete construction and address some remaining shortcomings. ...

The environment ministry on May 12 formally rolled out the five-year Partnership for Action on Green Economy (PAGE) Cambodia, in an affirmation of the Kingdom’s commitment towards sustainability and inclusivity in economic growth. ...

The Phnom Penh Autonomous Port (PPAP) posted total revenue of $10.77 million for the first four months of this year, down 14 percent from its revenue of $12.53 million for the same period in 2022. ...

Governments in Asia must create a more conducive environment to encourage private sector investment in infrastructure construction, according to experts, who advocate an innovative financing mechanism. ...

The Regional Comprehensive Economic Partnership (RCEP) trade pact and bilateral free trade agreements will put the region and Cambodia in a better position to recover from the impacts of the COVID-19 pandemic, a Cambodian scholar said on Wednesday. ...

The Sihanoukville Special Economic Zone (SSEZ), the Kingdom’s largest industrial park in terms of size and occupancy, now houses 175 tenants, which employ about 30,000 people, according to local reports. Notable nationalities of enterprise owners include China and the US, as well as those from ...

Cambodia’s international trade volume reached $15.611 billion in the first four months of 2023, down 14.10 per cent year-on-year from $17.650 billion, while the trade deficit for the period narrowed by nearly three-quarters on an annual basis, according to provisional figures from the General Department ...

A total of $53.46 million in loans have been disbursed to 346 tourism-linked businesses through state-owned Small and Medium Enterprise Bank of Cambodia Plc’s (SME Bank) $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of April 30, since the loans began to be offered in ...

Prime Minister Hun Sen has stressed the importance of agriculture sector in ensuring food security despite its decreasing share in the Gross Domestic Product. ...

Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to $ 2.89 billion in the first four months of 2023, up 16 percent from $ 2.49 over the same period last year, the Ministry of Commerce’s latest report showed on Sunday. ...

Small and Medium Enterprise Bank of Cambodia Plc. has approved loans to 346 tourism-related firms totalling $53.46M or 35.64 percent of the $150M budget, said a top official of the bank. ...