Economy and commerce

The Council for the Development of Cambodia (CDC) has approved 149 Japanese investment projects with a total investment capital of about $2.9 billion as of August 2022. ...

The Kingdom of Cambodia is now able to directly export its longan to the Chinese market, Chinese Embassy in Cambodia said yesterday evening. ...

The number of people classified as poor has gone up by 25 percent in the 10 months from June 2020 to April 2021 in Cambodia due to income decline and job losses following the spread of Covid-19, said a survey by the Asia Foundation. ...

The Cambodian government had a total public debt stock of $9.7 billion as of June 2022, according to the Cambodia Public Debt Statistical Bulletin published on Wednesday. ...

The National Bank of Cambodia (NBC) announced that it will float the 100 billion riel ($25 million) first tranche of its 1.2195 trillion riel maiden sovereign-bond issue on September 7, which financial experts point out will allow the government to diversify funding sources for national ...

Cambodia has earned KHR 16,430 billion (approximately $3.98 billion) as income in the January-August period of this year, the Ministry of Economy and Finance’s report stated on Tuesday. ...

Cambodia received almost $3.3 billion for 123 foreign investment projects from January to August this year, according to data by the Council for the Development of Cambodia (CDC). ...

Prime Minister Hun Sen applauded Cambodian and Thai officials for promoting good relations between the two neighbours, as well as cooperation in trade, education and other sectors despite the Covid-19 pandemic. ...

China and the European markets remain the potential markets for Cambodia’s agricultural products, said key insiders, urging exporters and companies to focus on those two big markets for their processing of agricultural products. ...

The Council for the Development of Cambodia (CDC), which is Cambodia’s highest decision-making body for large-scale investments, has given the go-ahead to 17 investment projects involving a total of $141.72 million – plus or minus $0.805 million to account for rounding – that are expected ...

In July 2011, Cambodia opened its stock market in a much-anticipated move that aimed to bring the nation’s financial sector in line with other regional countries. ...

China has given the greenlight for Cambodia to export corn, with HN Outsources Trading and Technology Co.Ltd named as the first company to be registered to ship the crop to China. ...

The Council for the Development of Cambodia (CDC) has approved five new projects in solar panel manufacturing, healthcare, tourism, mining, and textiles, with total investment of more than $82 million that are expected to create nearly 2,000 jobs. ...

In 2018, Kheav Sothanny leased his 600 square meters of land in central Sihanoukville to a Chinese investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...

The United Nations Development Programme (UNDP) has partnered with the Cambodian commerce ministry and the Enhanced Integrated Framework (EIF) to support development of the country’s e-commerce ecosystem through the ‘E-commerce Acceleration Programme’ (Go4eCAM). ...

Chinese COVID-19 vaccines have not only helped protect the lives of Cambodian people but also boosted the economic growth in the Southeast Asian nation, an academic said on Wednesday. ...

The Council for the Development of Cambodia (CDC) says it has greenlit a total of 148 Japanese investment project proposals planned outside of the Kingdom’s special economic zones (SEZ) as of July 31 worth about $2.85 billion since its establishment on August 5, 1994. ...

The latest round of negotiations on the minimum wage for garment workers has seen unions push for $213 a month, while employers are calling for $196. ...

The Cambodian government and the United Nations Development Program (UNDP) on Wednesday jointly launched the Cambodia SDG Investor Map, a market intelligence tool that identifies viable investment opportunity areas aligned with the Cambodia Sustainable Development Goals (SDGs). ...

Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn received a courtesy call by Malaysian business delegation and its partners in Cambodia, consisting of 150 representatives and stakeholders. ...

The prudential monetary policies and Riel promotion have built price stability of Riel, which earned public trust over the circulation of the national currency, said a senior official at the National Bank of Cambodia. ...

Cambodia’s Ministry of Women’s Affairs (MOWA) and the Japan International Cooperation Agency (JICA) held here at Phnom Penh Hotel on August 29 the 5th Fifth Meeting of Joint Coordinating Committee (JCC) for the Project on Gender Mainstreaming for Women’s Economic Empowerment (PGM-WEE). ...

The National Bank of Cambodia (NBC) along with other competent authorities are considering taking legal action against firms or individuals operating businesses that go against the banking laws and financial institutions of the Kingdom, NBC announced yesterday. ...

Cambodia’s agriculture sector has been immune from Covid-inflicted impact and enjoyed strong growth during the pandemic as financing for the sector has increased, a leading banker said on Friday. ...