News

Foreign direct investment (FDI) fell 50 percent Jan-May from the same period in 2020, according to the Ministry of Economy and Finance. Investment projects for the first five months of 2021 were valued at $825 million, a 59 percent drop from results for the same ...

Prime Minister Hun Sen on Tuesday said that the foreign direct investments in Cambodia would increase in 2014, thanks to the country’s favorable and open policies. Hun Sen made the comments during a ceremony to launch Cambodia Trade Integration Strategy at the Peace Palace. ...

nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...

Though U.S.-owned businesses in Cambodia are optimistic of the country’s economy, its appeal as an investment destination lags behind most of its neighbors due to the perception of endemic corruption, a new survey of 475 senior U.S. business executives in Asean shows. The 2013-14 ASEAN Business ...

Revenue at the Cambodia Post (CP), the country’s mail service provider, rose nearly $2 million in the first half of this year, a 10 per cent increase compared to the same period in 2012. But the service still handles mostly international shipments, and is failing ...

For the first time in recent memory, the Ministry of Economy and Finance has released growth projections for the first half of the year, and the numbers are good. The ministry’s preliminary data claims that from January through June, economic growth stood at 7.6 per ...

Economic diversification is attracting substantial sums of FDI from China and beyond. Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers ...

Bilateral trade between Cambodia and South Korea nearly reached the $1 billion dollar realm in 2012, a hike of nearly 100 per cent from the year before, senior officials said yesterday. According to official data from the Korea Trade-Investment Promotion Agency, total bilateral trade between ...

A mid [sic] global economic fragility, foreign direct investment (FDI) in Cambodia grew a whopping 73 per cent in 2012 from the year before, a huge increase helping to fuel a record-setting amount of money pouring into least developed countries, according to the United Nations ...

As volatility strikes Asian markets in anticipation of the US Federal Reserve winding down quantitative easing – the practice of injecting money into the economy – the National Bank of Cambodia says the Kingdom will remain largely insulated thanks to an investment market still in ...

The saga of the stalled $240 million Gold Tower 42 was revived last week when it emerged that a supplier for the project had accused the owner and builder of failing to pay out nearly $500,000 in fees, according to an injunction request obtained by ...

Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...

The Kingdom’s total insurance premiums rose sharply in the first quarter of the year, compared with the same period the previous year, thanks largely to the growth of the economy and an influx of foreign direct investment, industry insiders said. Official data from the General Insurance ...

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 ...

About a decade ago, global manufacturing firms staged a mass exodus to Asia in search of low-cost alternatives to increasing domestic wage demands and operational costs. The consensus was the continued development of a regional supply chain that had formed in countries like Vietnam and Indonesia, ...

Government action will be needed to ensure that nearly two decades of impressive economic growth continues in Cambodia, the International Monetary Fund (IMF) said in a report published Wednesday. In its 2013 World Economic Outlook, the IMF put Cambodia’s gross do­mestic product (GDP) growth for 2012 ...

Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United States takes hold, according to the Asian Development Bank’s annual economic outlook released on Tuesday. The United States and Europe are the ...

Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...

Increases in Cambodia’s GDP and foreign direct investment (FDI) are helping to drive the supply and demand in the Kingdom’s office sector, according to a new report from global property agents CBRE. Increasingly, international businesses are favouring Cambodia, in particular Phnom Penh, mainly due to ...

Dotted with rice fields flanked by palm trees, Cambodia’s southeastern province of Kampong Speu is nothing short of picturesque. But behind the idyllic exterior is an on-going struggle to turn this region’s natural beauty into a global attraction and improve the lot of poor local farmers, ...

With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...

According to the [inter]national Monetary Fund (IMF), at the end of 2011, the stock of Cambodia’s external public debt, including arrears, stood at around US 3.8 billion or 30 percent of GDP (24 percent in NPV terms). China remains the largest bilateral creditor, contributing to ...

While Cambodia seeks to diversify its manufacturing sector and encourage higher-value-added activities, experts say it must be supported by the right mix of government policies. The Asia Development Bank (ADB) says that the sharp increase of foreign direct investment (FDI) from $900 million in 2011 to ...

In the hilly wilderness across southwestern Cambodia, the foundations of the country’s strengthening bonds with China are taking root. It is there that large dams supported by Chinese money are being built to literally bring the impoverished Southeast Asian nation out of darkness. The largest of ...