Economy and commerce

The Credit Guarantee Corporation of Cambodia (CGCC) provided credit guarantees of $113.6 million to businesses as their working capital for expansion in the first quarter of this year. ...

Kampot provincial police arrested Chea Saron, who holds the honorific title Oknha, and his eight accomplices for alleged fraud perpetrated on over 2,000 families, bilking them out of nearly $40 million total through “scam” real estate projects. ...

Cambodia’s General Department of Taxation (GDT) made e-commerce value-added tax (VAT) income of $20.9 million from the operations of electronic goods and services in the first quarter of 2023, a GDT report said on Monday. ...

The Coalition of Cambodia Farmers Community said on Thursday that the recent shutdown of 104 rural credit institutions that provided loans to farmers will not affect their livelihoods, saying that past interest rates were high. ...

A Cambodian official has requested that Japan consider increasing cooperation and support for the least developed ASEAN countries through the provision of technical assistance and training, saying that Cambodia would benefit from the vision and strategy for the growth of ASEAN-Japan economic integration over the ...

Cambodia and Timor-Leste have co-signed a memorandum of understanding (MoU), following the conclusion of bilateral talks on a pledge to open markets for trade of goods and services. ...

The Council for the Development of Cambodia (CDC) has approved two investment projects worth nearly $40 million to develop two islands in Koh Kong and Preah Sihanouk provinces. ...

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTAs) have provided more favorable trade and investment opportunities for investors in Cambodia, a senior commerce ministry official said on Saturday. ...

Publicly-listed river port operator, Phnom Penh Autonomous Port (PPAP), reported a revenue of some US $8.23 million during the first three months of 2023, a year-on-year decrease of 13 percent. ...

Cambodia reported 1.26 million air travelers during the first quarter of 2023, up 549 percent from only 195,000 passengers over the same period last year, said the State Secretariat of Civil Aviation’s report released on Wednesday. ...

Cambodia’s trade balance with South Korea has improved in the first quarter of 2023, with decreased imports and higher apparel exports. ...

The International Finance Corporation (IFC) has signed a new agreement with the Ministry of Public Works and Transport to establish a public-private partnership (PPP) for a logistics complex in Preah Sihanouk province to assist Cambodia in meeting its goal of becoming a new regional logistics ...

The amount of cash paid in riel by account holders through Bakong system has increased 4.1 times in 2022 compared to the previous year, while that paid in US dollar through the same system has risen 3.2 times, and the transactions made through this system ...

Public-listed Phnom Penh Autonomous Port (PPAP) reported $8.23 million in revenue for the first quarter (Q1) of the year, a 13 percent decline compared to the same period last year. ...

Cambodia exported 65,921 tons of dry rubber in the first quarter of 2023, an increase of 6.8 percent from 61,739 tons in the same period last year, said a General Directorate of Rubber report on Thursday. ...

Due to the slower global economic recovery and conflicts between Russia and Ukraine, the government has issued guidelines aimed at maintaining the stability of the construction and real estate sector, considered a priority sector to support overall economic growth in Cambodia. ...

Vietnam’s GDP is projected to grow 5.8 percent this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF). ...

Cambodia exported milled rice worth $126 million overseas in the first three months of 2023 – an increase of $20.9 million, or about 19.9 per cent, over the same period last year, according to data from the General Department of Customs and Excise of Cambodia ...

The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...

The finance ministry’s taxation and customs departments collectively netted $1.908 billion in revenues in the first quarter of 2023, marking just over 30 per cent of the full-year target, official figures show. ...

While improving their livelihood, Cambodian migrant workers, including those in the Republic of Korea (RoK), have significantly contributed to boosting the national economy. ...

Cambodia’s exports to India went up by 67 percent during the first quarter (Q1) of the year, the fastest growth among the top 20 countries that export from the Kingdom. ...

The Bakong system, the interbank transaction platform of the country launched by the National Bank of Cambodia (NBC), has helped with the de-dollarization efforts of the central bank through payments using KHQR and also by promoting cross-border payments.​​ ...

Cambodia’s export to South Korea significantly increased in the first quarter of this year, thanks to the bilateral free trade agreement, which was put into force last December. ...