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Neak Oknha Kith Meng, the President of the Cambodia Chamber of Commerce (CCC) and Chair of the ASEAN Business Advisory Council Cambodia, has extended an invitation to Australian businesses to explore the myriad opportunities the Cambodian market has to offer. In his appeal, Kith Meng highlighted Cambodia’s role as a strategic entry point for Australian…
The Council for the Development of Cambodia (CDC) announced its intention to enhance investment ties with Australia, focusing on attracting Australian investors and increasing exports of semi-finished and processed products to the region. During a statement released on Wednesday, the CDC highlighted the participation of Soun Sophal, Deputy Secretary-General of the Cambodia Investment Committee (CIC),…
The Green Climate Fund (GCF) has given the green light for the Cambodian Climate Financing Facility (CCFF) at its 38th board meeting held in Rwanda. This pivotal move, involving a $100 million concessional funding, is set to propel Cambodia towards a more sustainable and eco-friendly economic framework. Designed as a $100 million loan facility, the…
The Insurance Regulator of Cambodia (IRC) has unveiled plans to establish a National School of Insurance within the country as part of a strategic initiative to enhance insurance coverage and financial knowledge among Cambodians over the next five years. During a recent event, IRC officials highlighted the significance of education and financial awareness in increasing…
In a significant move to bolster diplomatic and economic relations, Australia has committed to working closely with Cambodia on ASEAN priorities, as announced by Prime Minister Anthony Albanese. This announcement came during bilateral discussions with Cambodian Prime Minister Hun Manet on the sidelines of the ASEAN-Australia Special Summit held in Melbourne on March 5. Prime…
The insurance sector in Cambodia, with a current penetration rate of 1.14 percent, stands at a crossroads of significant growth potential and notable challenges, according to Bou Chanphirou, the Insurance Regulator of Cambodia’s (IRC) Director General. The penetration rate, which reflects the ratio of total insurance premiums to the national Gross Domestic Product (GDP), reached…
On the 5th of March, 2024, His Excellency KUNG Phoak, the esteemed Secretary of State of the Ministry of Foreign Affairs and International Cooperation and the leader of the ASEAN Senior Officials’ Meeting (SOM) for Cambodia, participated in a crucial gathering of ASEAN-Australia Senior Officials. The meeting’s agenda was centered around refining the Melbourne Declaration,…
Prime Minister Hun Manet has issued a call to action for Australian enterprises to explore investment possibilities in Cambodia, highlighting the nation’s dynamic trade and investment climate. During his keynote at the Cambodia-Australia Business Forum in Melbourne, attended by 350 investors and co-hosted by the Cambodia Chamber of Commerce and the Victorian Chamber of Commerce…
The Cambodia Chamber of Commerce (CCC) and the Victorian Chamber of Commerce and Industry (VCCI) have formalized a partnership through a Memorandum of Understanding (MoU) aimed at enhancing trade, investment, and economic ties between Cambodia and the state of Victoria in Australia. This landmark agreement was signed in Melbourne, Australia, in the presence of Cambodian…
In a recent meeting held in Melbourne, Cambodia has extended an invitation to the Australian business and investment community, urging them to amplify their involvement in sectors recognized for their high value-addition potential. These sectors, including agriculture and agro-processing, logistics, e-commerce, and digital technology, are identified as critical for the economic advancement of Cambodia as…
The Royal Government of Cambodia has allocated nearly $3.85 billion to spur economic growth in the country’s northeastern regions, aiming to facilitate economic integration with the adjacent development triangle formed by Cambodia, Laos, and Vietnam. This financial commitment supports the construction of essential infrastructure, industrial zones, and commercial hubs. During a recent press briefing, Penn…
On Tuesday, March 5, in Melbourne, Australia, Cambodian Prime Minister Hun Manet engaged in significant diplomatic discussions with his Australian counterpart, Prime Minister Anthony Albanese. This meeting marks an important moment in the ongoing relationship between Cambodia and Australia, highlighting the commitment of both nations to strengthen their bilateral ties and cooperate on various fronts.…
The US Embassy in Phnom Penh recently announced the arrival of former US Women’s National Soccer Team players, Joanna Lohman and Kacey White, in Cambodia from March 4th to 8th. Their visit is part of the US Department of State’s Sports Envoy program, aimed at promoting soccer among Cambodian youth, with a special emphasis on…
