Economy and commerce

Crypto exchange Binance has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement. ...

The World Bank says Cambodia has one of the fastest increases in financial inclusion among developing economies in East Asia and the Pacific. ...

A $3.5 million garment factory will be built in Bosstaney Village, Kaheng Commune, Samrong Thong District, Kampong Speu, creating some 700 jobs for local people. ...

In the first quarter of 2022, the number of projects approved by the Council for the Development of Cambodia reached 47, an increase of 6.8 percent and the total investment touched $2,520.6 million, an increase of 14.2 percent over the same period in 2021, according ...

Kingdom has become a popular destination for China’s processing trade businesses after Vietnam ...

Cambodia is taking further steps to optimise the implementation of Economic Diplomacy Strategy (EDS) 2021-2023 to boost economic cooperation between the six Mekong countries, garner more inbound investment flows and promote local products abroad, a workshop heard on June 27. ...

Cambodia’s peppercorn output this year could rise by around one-tenth over 2021, industry insiders have reported, as the harvest season reaches more than 90 per cent completion.   ...

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has approved 1,679 construction projects nationwide on 2.2 million square metres at about $952 million in the first five months of this year. ...

Trade between Cambodia and China have increased by 38 percent compared to the same period last year. This trade increase took place against the backdrop of a compounded global crises. ...

Cambodia’s rising e-commerce sector requires clear definition of laws and regulations by regulators addressing concerns of market uncertainties while maintaining regional uniformity, according to stakeholders who discussed e-commerce tax and licensing requirements at a panel discussion hosted by DFDL, a legal, tax and investment enterprise ...

The Cambodian industry is expected to grow by 9.2 per cent in 2023 with support from improved external demand that help boost garment and non-garment manufacturing, while the garment sector is expected to grow by 8.1 per cent in that year due to demand in ...

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade will host a consultation workshop in the southern province of Tay Ninh on June 21 for exporters interested in the markets of Laos and Thailand. ...

Cambodia’s economy is expected to grow at around five percent this year as against three percent last year, but the inflationary pressures being witnessed across the world can cut into the purchasing power of the country’s households as well, said the Financial Stability Report 2021, ...

As the global economy continues to reel from the compounded crises of Covid-19 and Ukraine-Russia, Cambodia has not been able to go through them unaffected. The Covid-19 crisis has pushed Cambodia’s economy to negative growth for the first time in 2020 due to a sharp ...

The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash ...

Cambodia’s public debt is still relatively low as a percentage of gross domestic product (GDP), at nearly 25 per cent, compared to the 40-per-cent threshold, affording the government ample fiscal space to borrow to develop the country, experts have said.   ...

With the province being the second largest economic hub in Cambodia, the Preah Sihanouk Provincial Administration has put in place a number of plans to support the socio-economic and tourism sectors for quality and sustainable growth. ...

The Royal Government of Cambodia’s total public debt stock is at $9.81 billion consisting of 68 percent from Bilateral Developing Partners (DPs) and 32 percent from Multilateral DPs, according to Cambodia’s Public Debt Situation at the end of Q1 2022. ...

Cambodia collected $1,726 million in tax income in the January-May period this year, a 27.95% increase as compared to the same period last year, according to an official statement yesterday. ...

Tourism players have asked the finance ministry to extend the tax exemptions currently enjoyed by the industry from June 30 to December 31, citing instability in business.   ...

The retail prices of regular-grade petrol and diesel respectively increased by about 2.65 per cent and 10.91 per cent on June 13, according to a notice issued by the Ministry of Commerce.   ...

Cambodian exports of footwear and related items topped $700 million in the first five months of 2022, representing gains of more than a third from the same period last year, in an upswing expected to continue as international tourism flows return to pre-Covid-19 levels.   ...

The Council for the Development of Cambodia (CDC) has just approved four new investment projects with a total investment of nearly $24 million that will create more jobs in the country. ...

Cambodia’s exports increased during the first five months of this year, which reflected the revival of production chains in the garment and non-garment sectors after a successful vaccination campaign and easing of the pandemic. ...