Economy and commerce

Indonesia was perhaps the brightest spot in Cambodia’s merchandise trade over January, with formal imports from and exports to the archipelago nation collectively clocking in at $88.045 million, marking a 95.87 per cent increase over the same month in 2022, according to Customs (GDCE). ...

The Ministry of Public Works and Transport held an event marking the third anniversary of personalised number plates for vehicles being introduced to the Kingdom. In the past three years, the ministry has generated around $28 million from the sales of personalised plates and another ...

Cambodia has welcomed the resumption of China Eastern Airlines flights to its Siem Reap cultural province, the country’s Ministry of Tourism said in a press statement on Saturday. ...

The Angkor Foundation has stated that almost 80,000 international tourists bought Angkor and Koh Ker tickets last month month – generating more than $ 3 million in ticket sales compared to 2022, an increase of more than 900% . ...

Some 3,748 new factories were opened last year providing jobs for 147,000 workers but 59,000 others were left unemployed when 491 factories closed down. ...

The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...

At least five investment projects on vehicle assembly have been approved and the constructions are set to be completed soon in Cambodia. ...

A delegation of Booyoung Co., Ltd., led by its Chairman Dr Lee Joong Keun, is seeking opportunities of investment in infrastructure and transport sector in Cambodia. ...

The Cambodian and Malaysian securities regulators are joining hands to facilitate better regulatory, supervisory and enforcement cooperation, as well as to develop both ASEAN nations’ securities markets, while factoring in the “growing globalisation and cross-border activities of regulated entities and persons in both countries”, according ...

Cambodia has emerged as a major exporter of agricultural products to Vietnam in the past couple of years, registering a January-October 2022 total of $2.429 billion, according to the state-run Vietnamnet newspaper. ...

The apex Cambodian business association’s leaders are convinced that their new representative office in the Sendai region will materially accelerate the Kingdom’s trade and economic relations with Japan, largely by tapping into the opportunities created by the Regional Comprehensive Economic Partnership (RCEP). ...

The Singapore Business and Investment Forum (SBIF), a young and vibrant organisation, aims to better serve the business and investment needs of Singaporean businesses and investors in Cambodia ...

Cambodia’s manufacturing output hit $15.8 billion in 2022, a remarkable increase of 83 percent year on year, the Ministry of Industry, Science, Technology and Innovation (MISTI)’s report showed on Tuesday. ...

Delegation of US-ASEAN Business Council (US-ABC), led by its Senior Vice President and Regional Managing Director H.E. Michael Michalak, have been on a visit to Cambodia to study more potential and opportunities of trade and investment. ...

The Kingdom’s central bank and the Cambodia Microfinance Association (CMA) have jointly launched a project aimed at promoting financial literacy, consumer empowerment and consumer protections at the community level. ...

Six major American corporations have committed to attracting US investment in Cambodia’s public infrastructure and transportation sectors to keep pace with the Kingdom’s socio-economic growth. The promise was made during a February 27 working meeting between a delegation from the US-ASEAN Business Council (US-ABC) and Minister ...

The Council for the Development of Cambodia (CDC) notices issued year-to-February 28 reveal that it has greenlit 27 new private investment projects – 19 in textile-related sectors – worth a cumulative $198.2 million, which are expected to generate a total of 39,914 jobs. ...

Sovannaphum Life Assurance Plc, with its financial strength and trust, is making women’s economic empowerment its top corporate social responsibility (CSR) priority this year by financing small-scale businesswomen. ...

The work on the master plan to develop Preah Sihanouk province into a multi-purpose model Special Economic Zone has reached the halfway mark and has now entered the stage of review and recommendations at the technical level, according to Long Dimanche, the Deputy Governor of ...

Prime Minister Hun Sen yesterday called on all stakeholders to pay high attention and do their best to boost the country’s tourism sector. ...

Small and medium enterprises (SME) contribute 98 percent of all businesses in Cambodian and contribute about 58 percent of the kingdom’s GDP. ...

Hun Sen said on Monday Cambodia has not been successful in exporting one million tons of rice because of a lack of processing basics, including rice mills, dry ovens, and capital. ...

The National Bank of Cambodia (NBC) and Cambodia Microfinance Association (CMA) have rolled out a pilot campaign to promote financial literature, consumer empowerment and protection in Cambodian communities. ...

Prime Minister Hun Sen said Cambodia could become one of the main cashew nut producers and exporters in the world, and added the commodity has the potential but limitations of processing. ...