Economy and commerce

The Cambodia Rice Federation (CRF) has noted that restrictions on exports of various types of rice, including broken and white rice, as well as wheat and sugar from India, a leading global rice exporter, offer a potential opportunity for Cambodia. ...

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Timor-Leste vows to expedite the Memorandum of Understanding which was signed with Cambodia on milled rice trade last year with the aim of boosting economic and trade relations between the two countries. ...

Bilateral trade between Cambodia and the UK in the first seven months of 2023 fell 14.6 per cent year-on-year to $496.3 million from $581.4 million, with nearly 90 per cent of the value consisting of exports from Cambodia, according to the General Department of Customs ...

Prime Minister Hun Manet has prioritised industrial sector development for further economic growth and workers’ benefits. ...

The bilateral trade between Cambodia and the US amounted to $5.3 billion in the first half of this year, a decrease of 14 percent from $6.2 billion for the same period last year, according to a report from the US Census Bureau yesterday. ...

South Korea has successfully exported its premium beef, Hanwoo, to Cambodia for the first time, marking a significant milestone in eight years of quarantine negotiations. ...

The bilateral trade between Cambodia and China is expected to reach $15 billion by 2025, a top official said. The trade figure between both nations touched $11 billion in 2022. ...

The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...

Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...

Investor protection is a top priority for the Securities and Exchange Regulator of Cambodia (SERC) – the authority in charge of monitoring, supervising and developing the sector in the Kingdom – one the body places the greatest importance. ...

Despite challenging global conditions, Cambodia’s finance sector delivered a reasonable performance in 2022 with a strong balance sheet growth, offset by higher expenses and credit costs. ...

Cambodian Prime Minister Dr Hun Manet has requested the Republic of Korea to further invest in the Cambodian agricultural sector. ...

The Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) has approved the issuance of the registration certificates for 13 investment projects worth nearly $430 million to build factories to produce different types of goods with a plan to recruit more ...

The US is keen on boosting cyber security ties with the Kingdom amid the world witnessing a new set of challenges with its fast transformation into the digital economy, US Ambassador to Cambodia Patrick Murphy said while addressing the Digital Economy Forum II held at ...

The number of small and medium enterprises (SME) in food and beverage processing saw a remarkable increase, using raw materials of agriculture to the finished products. ...

Cambodia’s exports to India reached $140.93 million in the first seven months of this year, registering an increase of 42.8 percent compared to the same period last year. ...

Cambodian media has reported on August 25 that the State Bank of Vietnam (SBV) has signed a Memorandum of Understanding (MoU) on cooperation in regional payment connectivity with the central banks of Indonesia, Malaysia, Philippines, Singapore and Thailand. ...

Two companies, Amru Rice (Cambodia) and Golden Rice Cambodia, renewed their contracts on Aug. 24 to buy organic rice from the farming community in Preah Vihear province. ...

The new Minister of Tourism Sok Soken has set out three strategic goals to achieve this vision to develop the tourism sector in Cambodia. ...

When investing in stocks, investors can expect some of their assets to generate a dividend payment, a sum of money paid by a company to its shareholders out of its profits. Dividends are typically paid annually, but they can also be paid quarterly or monthly. ...

A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National Bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...

Tax revenue in 2023 is expected to achieve 107.5 per cent of the 2023 Law on Financial Management, though the projection is lower than the collection achievement last year. ...

Prime Minister Hun Manet yesterday announced the official launch of the Pentagonal Strategy–Phase I and the key measures for the Royal Government of Cambodia (RGC) to be implemented in the next five years to transform Cambodia into a high-income economy by 2050. ...