Economy and commerce

Khmer Enterprise must continue implementing co-investment frameworks and priority sectors for investment to grow the country’s SME sector in the wake of the pandemic, according to the Entrepreneurship Development Fund. ...

Small business loans are dominating banks’ loan balances, with the average borrower in Cambodia lending between $2,800 and $9,600 – a 250 percent increase. ...

Cambodia exported $1.090 billion worth of electrical machinery and equipment and related products in the first eight months of 2022, up 64.18 per cent from the $663.585 million recorded over the same time in 2021, according to Customs. ...

Cambodia has approved 150 fixed-asset investment projects worth about $3.45 billion in the January-September period of 2022, according to the Council for the Development of Cambodia (CDC)’s report yesterday. ...

Cambodian investors accounted for more than half of the nearly $3.5-billion value of the projects approved by the Council for the Development of Cambodia (CDC) in the first nine months of this year. ...

The government on Wednesday approved a new mechanism to intervene in the informal economy by providing cash to Cambodian households who run informal businesses that are affected by inflation by November 2022 amid Russia’s ongoing invasion of Ukraine and sanctions, said Prime Minister Hun Sen ...

The government has given the nod to EnerCam Resources Co Ltd, a subsidiary of Toronto-listed Angkor Resources Corp, for oil and gas exploration, development and production on southwestern Cambodia’s roughly 7,300sq km onshore Block VIII in the Kampong-Som Basin, the parent company reported on October ...

Cambodia and Cuba on October 4 signed two memoranda of understanding (MoU): one on a cultural exchange programme and the other on cooperation in physical education, culture and sports. ...

The Entrepreneurship Development Fund (EDF) held a workshop last Thursday to discuss “preliminary findings and to gather input on challenges and policy for startups and SMEs investment aspects” in Cambodia. ...

Cambodia imported $244.754 million worth of “iron and steel” in the first eight months of 2022, up 19.97 per cent from the $204.018 million recorded over the same time in 2021, according to Customs. ...

The Belt and Road Initiative (BRI) has gone a long way to make positive contributions to many countries since its inception in 2013. ...

Rice output in Cambodia, Thailand and Vietnam is forecast to fall this year but stay above five-year averages in Cambodia and Thailand, according to the Food and Agricultural Organisation of the United Nations (FAO). ...

Cambodia’s income tax revenue has grown to $250 million a month as the private sector continues to grow, according to Prime Minister Hun Sen. ...

Cambodia and Vietnam have welcomed the rise in bilateral trade despite the Covid-19 pandemic and stressed their commitment to increase trade cooperation further. ...

The Council for the Development of Cambodia has approved a $17-million tourism development project in Kep province. ...

Cambodia is emerging as one of the region’s most attractive countries for new business expansion and investments, driven by political stability and high economic growth over the past two decades, according to Royal Cambodian Armed Forces (RCAF) deputy commander and Royal Cambodian Army (RCA) commander ...

Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) now maintains the credit data of more than seven million customers in its core system, 10 years after its establishment, according to its chairwoman Chea Serey.​ ...

The Council for the Development of Cambodia (CDC) on September 30 announced that it had agreed to issue a final registration certificate to Try Pheap Koh Tunsay Resorts Co Ltd for a new island development project – this time on the 14ha Koh Tbal Island ...

The Credit Bureau of Cambodia (CBC) is celebrating a decade of providing the invaluable service of credit reporting in Cambodia, creating a financial system when giving out loans. ...

The General Department of Taxation (GDT) has collected $2,680 million in tax income in three quarters of this year, representing 95 percent of the national budget plan 2022. ...

Good diplomatic cooperation had led to a significant increase in trade between the two countries. Cambodian exports to the UK increased 42 percent to over $627 million. ...

A group of Chinese experts from the Angkor International Airport Investment (AIAI) Company are in Cambodia to complete the construction and discuss the transfer plan, as the project is scheduled to be completed in March 2023. ...

The Korean National Assembly has ratified a free trade agreement with Cambodia that will boost the Kingdom’s exports in a raft of areas. ...

As Cambodia navigates a post-pandemic world, international tourist arrivals lag with 1.5m to 2m tourists predicted for 2022. This is estimated to rise to pre-Covid levels of 7m by 2026. ...