Economy and commerce

Prime Minister Hun Sen yesterday announced that Cambodia’s Gross Domestic Product (GDP) grew by 5.5 percent in 2022, while the tax revenue collected from both customs and taxation grew by 2 percent higher than expected. ...

Timber, monkeys, orchids, sand: Cambodia’s protected areas and natural resources continue to be a lucrative source of income, in spite of all the promises (and international funding) to protect them. Above all else, the hunger for land has consumed Cambodians and foreigners alike, triggering a constant ...

A delegation from a high-end fashion and accessories producer has decided on Cambodia as their investment destination. ...

With the expected revival of economic activities and China’s decision to ease Covid-19 curbs, many ASEAN and Indo-Pacific states are scrambling to import workers and they are looking at Cambodia. ...

Cambodian Prime Minister Hun Sen said on Monday that China’s upcoming reopening of its borders will revitalize the kingdom’s economy and tourism. ...

Cambodian Prime Minister Hun Sen said here on Monday that the Belt and Road Initiative (BRI) has provided a lot of tangible benefits to his country and other participating countries. ...

More than 1 million vehicles had travelled on Cambodia’s first-ever expressway in the first three months since its inauguration in October last year, according to data released by the freeway operator on Monday. ...

According to a study issued on December 27, the Ministry of Management stated that from 2000 until November this year, 2,534 high-rise structures were constructed, including 1,674 in Phnom Penh, 685 in Sihanoukville, 131 in Banteay Meanchey, and 43 in other places. Among the high-rise buildings, ...

Cambodia and the US traded goods worth $8.510 billion in the first 11 months of 2022, marking gains of 21.79 per cent on-year, with Cambodian exports to the world’s largest economy accounting for a 96.56 per cent share, according to the General Department of Customs ...

According to a report issued by Sihanoukville Autonomous Port, it earned more than 85,117 million riels, equivalent to roughly $65 million, in the first nine months of 2022, marking a 2.75 percent decrease from the same period in 2021. ...

Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed more than $432 million in loans to at least 3,260 SMEs, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and ...

Cambodia-China trade volume hit $14.5 billion, up 19 percent from the previous year, Prime Minister Hun Sen said. ...

The year of 2022 marked another fruitful year of pragmatic cooperation between Cambodia and China as the two countries have enjoyed bigger trade and investment volumes, officials and academics said. ...

The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...

A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...

The inaugural export of Cambodian iridescent shark catfish to China has again been delayed, and is now expected to take place as soon as next month, as the only authorised exporter takes care of some final formalities, according to Ministry of Agriculture, Forestry and Fisheries ...

CMA CGM Group, the third largest container shipping company worldwide and number one in France, is slated to launch the Yangon Cambodia Express (YCX), creating a direct link between Myanmar, Cambodia, Singapore and Malaysia, and industry insiders are hailing the service as a promising new ...

Trade volume between Cambodia and China reached $14.5 billion this year, an increase of 19 percent compared to last year, said Prime Minister Hun Sen today. ...

The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about “win-win” cooperation and is “not a zero-sum game,” a Cambodian government official has said. ...

Cambodia’s microfinance sector recorded over 20 percent growth both in terms of loans and deposits by the end of 2022 compared to the same period in 2021, despite the Covid-19 pandemic and the war in Ukraine, according to the Cambodia Microfinance Association (CMA). ...

Rising demand from the US has contributed to faster growth of the travel goods (TG) industry in Cambodia in comparison to the garment industry for some time, reveal recent estimates. ...

The Cambodia Special Economic Zone Committee of the Council for the Development of Cambodia (CDC) issued the certificate of registration for four companies. ...

In its Cambodia Economic Update, the World Bank has said that the country’s commercial real estate sector faces increased risks as financial conditions tighten. ...