Economy and commerce

Prime Minister Hun Sen shared eight key recommendations in order to successfully implement the Public Financial Management Reform Program (PFMRP) Phase IV (2023-2027). ...

With the growing effects of climate change increasingly a major concern globally, balancing economic activities with environmental considerations has never been more urgent. ...

National Bank of Cambodia (NBC) deputy governor Chea Serey on March 20 made a general call to keep using the local currency in day-to-day transactions, as part of de-dollarisation and other monetary policy initiatives, as a means to promote economic development. ...

Prime Minister Hun Sen yesterday announced the launch of the government’s implementation of vision and strategies of its public finance management reform programs for the fourth phase to enhance financial achievements after the previous three phases had focused on budget, financial accountability and finance-policy connectivity. ...

Prime Minister Hun Sen has stated that in leading the country to stability and development as it is now, the Royal Government has prepared two major reform plans. ...

The American Apparel & Footwear Association (AAFA) and VF Corporation are urging Cambodian authorities to investigate​ forced labor used to produce export goods. ...

The real estate industry in Cambodia has been identified as a high-risk sector for money laundering due to a number of factors. In recent years, the industry has experienced substantial growth, which has attracted foreign investors, particularly from China. This has led to a substantial influx ...

Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...

A massive, freshly-launched tyre factory, backed by a $300 million investment from Chinese-owned General Tires Technology (Cambodia) Co Ltd, could be the breakthrough that the local rubber and automotive sectors have been waiting for, and potentially act as a type of price stabiliser for domestic ...

Cambodia and the United Arab Emirates (UAE) have thrashed out a deal after three rounds of negotiations over the Comprehensive Economic Partnership (CEPA) trade agreement. ...

A Chinese-invested tire factory in Cambodia’s Sihanoukville Special Economic Zone (SSEZ) launched its operation on Saturday after more than one year of construction. ...

VISA has committed to the enhancement of e-commerce and digital economy of Cambodia, affirmed Chris Clark, VISA’s Regional President for Asia Pacific, while paying a courtesy call on Pan Sorasak, Minister of Commerce, at the ministry office yesterday afternoon. ...

Cambodia’s Royal Group Power Company Ltd. (RGP) and Singapore’s Keppel Energy Pte Ltd. (KE) have reached an energy purchase agreement on exporting renewable energy to Singapore via submarine high-voltage transmission. ...

The Cambodian Prime Minister on Thursday called on Cambodian citizens not to worry about ​money deposited in Cambodia’s banks after the recent collapse of two US banks. ...

More than 170 Cambodian micro-, small- and medium-sized enterprises (MSMEs) have successfully transitioned their businesses online as part of a digital drive to become more resilient in the future, under a UNDP-led programme. ...

A meeting at the Ministry of Economy and Finance under the chairmanship of Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, on Wednesday, reviewed and discussed recommendations on the draft report on the second phase of the master plan for the ...

The conglomerate Cambodia’s Royal Group of Companies will export renewable energy to Singapore after the group signed an agreement with Keppel Energy Pte Ltd on Wednesday, which will enable the latter to purchase electricity from the Kingdom. ...

Cambodia netted $79.370 million from the export of natural rubber latex and wood in the first two months of 2023, marking a slight increase year-on-year, even amid a decline in prices on international markets for the locally-produced white sap, according to the Ministry of Agriculture, ...

The General Department of Taxation (GDT) during a meeting on Tuesday announced a work plan for this year with an emphasis on developing a system that will make paying taxes easy and evasion difficult. ...

The General Department of Taxation (GDT) has collected $539 million as tax income in the first two months of this year, representing 15 percent of the national budget plan 2023. ...

The US remained the biggest market for Cambodia with a share of 34.4 percent even though the Kingdom’s exports to the country decreased by 20.2 percent to reach $1.12 billion in the first two months of the year compared to the same period in 2022, ...

The trade volume between Cambodia and China reached $1.7 billion in the first two months of 2023, down 15.6 percent year-on-year, according to a report from the General Department of Customs and Excise. ...

Credit Guarantee Corporation of Cambodia Plc (CGCC) reportedly issued a total of 1,155 Letters of Guarantee (LG) for loans worth $104.9 million equivalent as of February 28 – up 13 per cent year-to-date – as part of its mission to improve financial inclusion among small- ...

Cambodia’s fresh banana exports to regional markets in the first quarter of the year have improved compared to 2022, mainly due to the lifting of Covid-19 lockdowns in China – the Kingdom’s biggest market – and a reduction in shipping costs, said Longmate Agriculture CEO ...