Economy and commerce

Prominent Cambodian-based investors are joining forces to shed light on the Law on Trust and advertise the Kingdom’s investment environment, to make up for missed opportunities due to the Covid-19 pandemic as the local outbreak remains under control. ...

The Royal Government of Cambodia is promoting the economic literacy for non-economists. An 11-day workshop on the topic was conducted recently in hybrid format by professors and experts from Crawford School of Public Policy, Australian National University (ANU). ...

The Regional Comprehensive Economic Partnership (RCEP) free trade pact is the best example of an open, inclusive and rules-based trading system, Cambodian Prime Minister Hun Sen said on Friday. ...

PESTECH International Berhad and Hydrogene De France SA have signed a memorandum of understanding to collaborate on green hydrogen production from hydropower plants in Cambodia and Malaysia. ...

The Council for the Development of Cambodia (CDC) has approved four new investment projects with a total capital of $8.4 million. ...

Chinese company “Jiangsu General Science Technology Co Ltd” has invested nearly $300 million to build the largest tyre factory in the Sihanoukville Special Economic Zone (SSEZ), according to Beijing’s embassy in Phnom Penh. ...

Cambodia earned more than $1.502 billion from tax collection in the first four months of 2022, an increase of over $340 million or 29.36 per cent year-on-year, a feat observers believe reflects recovery and encouraging results from the government’s push started in early November towards ...

The Cambodia-South Korea Free Trade Agreement can help boost Cambodian exports of garments, textiles, and footwear to South Korea. ...

The Cambodia-South Korea Free Trade Agreement can help boost Cambodian exports of garments, textiles, and footwear to South Korea. ...

Citing low bilateral trade volume, Myanmar and Cambodia are expediting talks on two draft agreements to raise trade cooperation. Cambodian commerce minister Pan Sorasak recently called on the two sides for more discussions on economic and trade progress “within the regional and bilateral frameworks aimed ...

Public-listed special economic zone (SEZ) developer Phnom Penh SEZ Plc (PPSP) has reported a sharp increase in total revenue and lower net loss in the first quarter of 2022, a filing with Cambodia Securities Exchange (CSX) showed. ...

The Ministry of Public Works and Transport will sign a memorandum of understanding (MoU) with ACLEDA Bank and ABA Bank to facilitate the payment of public service fees via Port EDI, an electronic data exchange system. ...

Prime Minister Hun Sen has invited Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), to attend the 2nd ASEAN Global Dialogue to be held in Phnom Penh in November this year. ...

The Micro, Small and Medium Entreprises (MSME) sector in Cambodia faces a funding shortage to the tune of $3.7 billion, said Tommy Boukhris, Asian Venture Philanthropy Network (AVPN) Cambodia Advisor and Senior Consultant & Portfolio Manager, EMC. ...

Prime Minister Hun Sen said that Cambodia has been boosting exports of manufacturing products – both garment and non-garment – and domestic tourism to support strong economic growth. ...

Prime Minister Hun Sen has stated that with the subsequent easing of administrative and health measures, Cambodia encourages openness and strengthening of economic integration by promoting investment, trade, by fully implementing free trade agreements. ...

Cambodia and Singapore have pledged to step up cooperation to bolster bilateral trade, after registering more than $5.2 billion last year, marking a nearly 50 per cent jump over 2020. ...

Cambodia and Myanmar are in the process of expediting negotiations on two important draft agreements in a bid to swiftly increase trade cooperation with each other, citing low bilateral trade volume. ...

Bilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. ...

Cambodia and Singapore have agreed to work together to further boost their bilateral trade. ...

Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of $6.1 million in Takeo and Kampong Speu. ...

An unnamed private company is seeking to lease 308ha of land in the Cardamom Mountain Biodiversity Conservation Corridor for eco-tourism development, in the southeastern corner of Koh Kong province, according to provincial deputy governor Ouk Pheaktra.   ...

Only 20% of hotels in Siem Reap province have reopened after the Covid-19 outbreak in the province subsided, most other hotels have either shut down or are temporarily closed, while others will reopen at a later date when tourist numbers increase. ...

The Ministry of Tourism puts a target of at least a million foreign tourists this year, outlining the main tourism markets as Asean, South East Asia countries, US, France and UK. ...