Economy and commerce

The General Department of Taxation earned e-commerce value-added tax (VAT) income of $46 million from the operation of electronic goods and services in the first seven months of this year, according to official figures yesterday. ...

Kitti Tesaphibal Bindit Hun Manet, Prime Minister of the Kingdom of Cambodia, requested his colleagues in the Royal Government to do their utmost to fulfill this noble national mission to achieve the glorious new mandate given by the people through elections. ...

Cambodia’s newly-elected Prime Minister Hun Manet on Thursday launched the “Pentagonal Strategy-Phase I 2023-2028” during the first cabinet meeting. ...

Public-listed Royal Group Phnom Penh Special Economic Zone (PPSP) reported a significant growth in business performance in the second quarter of 2023 amid regional and global economic uncertainties.​ ...

A senior official at the Council for the Development of Cambodia (CDC) urged local investors to consider investing in sustainable timber wood to supply wood for the furniture-making sector which has a “huge growth potential”. ...

The new government under the leadership of Prime Minister Hun Manet will make use of optimum technology to push forward its socio-economic policy agendas to transform the rectangle into Pentagon Strategy, said a statement. ...

ASEAN Secretary-General Kao Kim Hourn expressed optimism with the implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement in a transparent manner, as businesses in the region have wider opportunities to trade and invest now. ...

Cambodia is optimistic of an increase in direct investment or joint ventures with Chinese investors following a successful visit by a delegation of entrepreneurs from Fujian province who specialise in sectors such as mining, energy, manufacturing, tourism, accommodation, and heating and air conditioning. ...

Bilateral trade between Cambodia and China is expected to grow with the interest shown by traders and investors during the Cambodia-Hong Kong exhibition in Phnom Penh, which featured over 40 companies. ...

Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Cambodia and the United Arab Emirates (UAE) are expected to sign a Double Taxation Agreement (DTA) soon seeing that negotiations on the content are 96 per cent complete, the General Department of Taxation (GDT) stated. ...

Acleda Bank Plc plans to expand the KHQR system to non-Association of Southeast Asian Nations (ASEAN) member countries, said a senior bank official. ...

On August 18, 2023, the Department of Commerce (“Commerce”) announced its final determination that certain solar cells and modules exported from Cambodia, Malaysia, Thailand, and Vietnam are circumventing the antidumping (“AD”) and countervailing (“CVD”) orders on imports from China after conducting its investigation for over ...

Despite the impact on incomes due to global economic uncertainties, the Kingdom’s insurance industry has performed well so far this year, with insurance premiums growing 6.3 per cent to $81.2 million in the second quarter of 2023 from $76.3 million in the corresponding period last ...

Access to finance remains a key barrier to small and medium enterprise (SME) growth in Cambodia, as many of them rely on personal finance rather than bank loans, which can affect long-term commercial and financial sustainability. ...

The current state and role of digital technology adaptation in tourism-related micro, small and medium enterprises (MSMEs) in Cambodia in 2023 have been reported by the Cambodia Development Resource Institute (CDRI), under the support of the Asia Foundation. ...

The formation of the new Royal Government of Cambodia will bring new investments to the country, generating more jobs and contributing to the economic growth. ...

Eight women entrepreneurs from Confederation of Real Estate Developers Association of India (Credai), Chennai, will be part of a women’s delegation to Cambodia to foster collaborations with various business bodies. ...

Cambodia has exported goods worth $4.59 billion to member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first seven months of 2023, a 21 percent increase compared to the same period of the previous year, said a statement by the Ministry of Commerce ...

Cambodia earned around $125 million from automotive tire exports in the first half of this year, according to a report from the Council for Development of Cambodia (CDC) report. ...

The two-way trade between ASEAN and India reached $113 billion in 2022, a year-on-year increase of 23.4 per cent, according to the preliminary ASEAN statistics. ...

The Ministry of Tourism announced the implementation of the “Siem Reap Provincial Tourism Promotion and Attraction Strategic Plan 2023-2026”, which is part of the “Siem Reap Tourism Development Master Plan 2021-2035”. ...

Trade between Cambodia and mainland China will reach over $12 billion by the end of this year and both sides are working hard to achieve this annual target, said Reach Ra, Secretary of State at the Ministry of Commerce, recently. ...

The new Royal Government of Cambodia in the Seventh Legislature of the National Assembly (NA) will officially assume office today evening under the leadership of Mr Hun Manet who will succeed as the new Prime Minister. ...