News

The Kingdom’s coastal Sihanoukville, where Chinese nationals national dominated nearly a half of businesses  before the COVID-19 outbreak, is seeing economic activity gradually rebound after   Middle Kingdom’s investors and workers started to return to the province as pandemic fears ease.​ ...

The Council for the Development of Cambodia (CDC) approved four projects, worth a combined $17.4 million, during the first 10 days of February. ...

The government has announced they have prepared an emergency reserve fund of between $800million and $2billion to aid the Kingdom’s economic recovery in the wake of the COVID-19 outbreak. ...

Cambodia’s reputation as one of the cheapest places in the world to live has been called under question, according to a survey conducted by CEOWORLD magazine, a leading business publication. ...

TST Group Holding, the Taipei-listed major textile producer, has announced plans to expand its business operations in Cambodia to assist in the current lack of textiles imports because of the Novel Coronavirus. ...

The Royal Government of Cambodia has unveiled plans to improve facilities at border gates with Thailand and Vietnam in order to ease cross-border transport and boost trade activities.   ...

 Over the past few years with the influx of Chinese nationals and Cambodians working in Sihanoukville, landlords have been laughing all the way to the bank through rentals. Locals who visit the city regularly complained about high rentals for hotels, guesthouses and even food. Some ...

Cambodia’s economic growth in 2020 would not be at the same rate as previously predicted at 6.5 percent, said Prime Minister Hun Sen. ...

The Council for the Development of Cambodia (CDC) yesterday approved six development projects worth in total $677 million. ...

The Cambodia-China Free Trade Agreement is expected to be finalised in November in a move to boost trade between the two countries.   ...

The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...

Southeast Asian suppliers from Cambodia, Myanmar and  Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half.​ However, these suppliers now face a supply ...

The government last week said the extractive industry is on course to become a main economic pillar. Cambodia’s economic development is mostly driven by the construction, real estate, tourism, garments and agricultural sectors, but the government is working to diversify, with the extractive industry set ...

The National Bank of Cambodia (NBC) and the International Monetary Fund on Thursday held a conference to discuss the next steps in Cambodia’s economic development. ...

The World Bank will disburse some $540 million from 2018 to 2021 to finance economic development in Cambodia with a focus on supporting the implementation of the government’s Industrial Development Policy as well as other socio-economic projects. ...

Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...

Cambodia and the United States on Friday signed a Memorandum of Understanding on low emissions and climate resilient development in Cambodia, according to a press statement from the U.S. Embassy to Phnom Penh. The deal was inked between Cambodian Minister of Environment Mok Mareth and Rebecca ...

Cambodia launched Tuesday the second phase of cassava development project under the support of China and the United Nations Development Program (UNDP). Cambodia and China signed a Protocol on the Exports of Cambodian Cassava to Chinese Market in December 2010, under which China allowed Cambodia ...

Australia announced yesterday that it will increase the amount of aid it provides Cambodia by about US$13 million (A$13.2 million) in the coming year, putting the country’s official development assistance at $96.1 million. ...

Cambodian Prime Minister Hun Sen announced in late March that the nation was on target to move from the status of a low-income to a lower-middle-income nation by the end of 2013, ranking it the 15th country that obtained high economic growth in the world in the ...