Economy and commerce

Witnessing the merger between PRASAC Minority Depository Institution (MDI) and Kookmin Bank Cambodia, the Governor of the National Bank of Cambodia (NBC) Chea Serey expressed hope to see more consolation happening in the industry to boost its resilience and efficiency. ...

Cambodia on Sunday called for the inclusion of the Investment Facilitation for Development (IFD) agreement into the WTO programme as such a fusion will benefit the member states – including Cambodia – by enhancing the investment climate. ...

Wuxi Capital Group Co., Ltd. of China is interested in investing in Cambodia, especially in the Preah Sihanouk province’s Special Economic Zone (SEZ). ...

In a significant move aimed at bolstering economic ties between India and Cambodia, the India-Cambodia Joint Business Council (ICJBC) was officially launched on Friday. ...

Cambodia has spent about $40 billion developing infrastructure in the last decade, with the Master Plan on the Cambodian Transit and Logistics System 2023-2033 laying out a roadmap for the next 10 years. ...

In the age of digitalisation, banks play a crucial role in safeguarding the money and information of both people and businesses. However, as Cambodia embraces this digital revolution, the Kingdom also makes itself vulnerable to the constant danger of cyberattacks and breaches, putting financial data ...

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered a new growth of small and medium enterprises (SMEs) by 1.43 percent to 44,628 last year, an official report showed. ...

Cambodia is actively working to establish the Cambodia-Japan Special Economic Zone (SEZ) to attract more Japanese investment, given its current status as a key trade and investment partner, according to a press release from the Council for the Development of Cambodia (CDC). CDC first vice-president ...

Cambodia’s economy is projected to grow by nearly 6.6 per cent this year despite geopolitical tensions and a global economic slowdown, according to officials from the ministry of economy and finance. ...

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered a new growth of small and medium enterprises (SMEs) by 1.43 percent to 44,628 last year, an official report showed. ...

Cambodia’s GDP could touch $35 billion (143 trillion riel) this year, said a senior official from the Ministry of Economy and Finance. ...

Cambodian Prime Minister Hun Manet paid high attention to Small and Medium Enterprises (SMEs) as it contributed to enhancing the national economy. ...

Lippo Group, a large Indonesian company, is interested in investments in the areas of real estate, healthcare, financial and banking services, supermarket, etc. in Cambodia. ...

Showing a shift in mindset, more Cambodians are now taking loans from microfinance institutions (MFIs) over home needs than for farming. ...

In the 15 days of February 2024, the Council for the Development of Cambodia (CDC) decided to issue certificates for the registration of 22 qualified investment projects with a total investment capital of more than $444 million. This is according to the report from the ...

Cambodia and the United Kingdom have agreed to push for better economic and trade cooperation, amid significant growth in bilateral trade in recent years. ...

Prime Minister Hun Manet has invited Chinese investors to invest in infrastructure projects in Cambodia as the government sees this as key to the country’s socio-economic development. ...

A week after Prime Minister Hun Manet concluded his first official trip to Thailand, hundreds of Thai businessmen have shown keen interest in exploring investment opportunities in three potential projects across Cambodia in early March to the tune of $1 billion. ...

The microfinance sector has provided a credit sum of $5.12 billion to 1.57 million clients, an average of $3,260 per account last year, creating direct employment for 21,567 people nationwide with a business network of 904 offices. ...

Amid the fall in global demand, Cambodia earned $121 million from the exports of rubber articles in the first month of this year, an increase of 123.5 percent compared to the same period last year, according to the latest trade data of the General Department ...

Cambodia exported 25.2 percent more milled rice to 46,221 tonnes this January, compared to the previous year, as per a Cambodia Rice Federation (CRF)’s report. This resulted in a 13 percent year-over-year rise in income to the exchequer of $32.6 million from rice exports in ...

The exports of garments, footwear and travel goods (GFT) rose by 21.64 percent in January this year, earning $967 million for the sector after declining for most of the time last year. The turnaround brought cheers to the vital sector of the Cambodian economy that ...

The Cambodian government is preparing a policy on establishing Cambodia-Japan special economic zones as the country is keen to attract more direct investments from Japan. ...

Cambodia’s foreign trade volume hit $4.05 billion in January 2024, up 16.7 percent from $3.47 billion in the same month last year, an official report showed on February 12, 2024. ...