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In a span of 1,120 days, the Online Business Registration Platform (OBRP) in Cambodia has achieved remarkable success. As of July 9 at 11:59pm, a total of 27,095 companies have been successfully registered on the platform. This represents a 31% increase from the previous figure of 20,693 firms registered just 188 days earlier. One of…
Cambodia is entering an exciting era of growth and prosperity with the advent of its novel investment law. The recent sub-decree from Prime Minister Hun Sen has only added to the nation’s appeal for investors, guiding it firmly towards its goal of joining the ranks of ‘upper-middle income’ economies by 2030 and becoming a part…
In an encouraging development for local citizens, the Council for the Development of Cambodia (CDC) has given its approval to nine new investment projects, which are expected to create 13,849 job opportunities across the country. The projects, mounting to an impressive $54.8 million, are anticipated to stimulate the economy and enhance the prospects for the…
The Regional Comprehensive Economic Partnership (RCEP) is set to provide Cambodia with fresh opportunities for economic expansion and development. Dr. Sok Siphana, a renowned expert on Cambodia’s legal system, international relations, and economy, recently shared his insights on the nation’s geopolitical landscape and the potential benefits of RCEP at the Malaysian Business Chamber of Cambodia’s…
The Cambodian government’s public debt stock remains sustainable, according to the latest Cambodia Public Debt Statistical Bulletin. The total public debt stock is $10.23 billion as of March 2023, with 67% coming from bilateral Developing Partners (DPs), 33% from multilateral DPs, and 0.41% from public domestic debt. This debt is composed of various foreign currencies,…
In the face of global economic challenges, Cambodia’s foreign trade has shown signs of improvement, with exports rising and a narrowing trade deficit. The Kingdom’s international trade volume reached $19.293 billion in the first five months of 2023, a decrease from previous years but with promising developments in May. As the world grapples with the…
Discover the future of travel in Cambodia with Royal Group Samra Seaplane, the country’s first premium seaplane service, offering unparalleled convenience, luxury, and connectivity for locals and tourists alike. Experience breathtaking aerial views and seamless connections across Cambodia’s stunning landscapes, all while supporting sustainable practices and addressing critical needs in various sectors. Get ready for…
In a significant development for Cambodia’s automotive industry, renowned Japanese automaker Toyota is set to launch a state-of-the-art vehicle assembly plant in the Royal Group Phnom Penh Special Economic Zone. Slated for completion in July, this major investment underscores Cambodia’s growing appeal as an investment destination. In addition, the prestigious French jewelry brand will also…
Cambodia witnessed a significant increase in the export of electrical and electronic equipment in the first four months of 2023, earning $979.06 million, a 94.24% year-on-year growth from $504.039 million, and a 36.72% half-on-half increase compared to July-October 2022’s $716.11 million. These figures are according to the provisional Customs (GDCE) data in “International Merchandise Trade…
The Ministry of Post and Telecommunications in Cambodia has announced plans to install free public wi-fi in coastal areas and other priority areas in Preah Sihanouk province. The initiative was discussed by Minister Chea Vandeth during the closing ceremony of a capacity building workshop for the Post and Telecommunication Department in Preah Sihanouk on May…
CART TIRE Co., Ltd., a subsidiary of China’s SAILUN GROUP, is investing $562 million in a tire production facility in Cambodia’s QiLu Special Economic Zone, located in Svay Rieng province. The factory is set to produce 1.6 million tires per year for export, tapping into Cambodia’s large labor force and low-cost natural rubber from local…
The Cambodian government has recently approved a new infrastructure project, dubbed the “Funan Techo Canal,” which is expected to significantly contribute to the country’s economic growth and urban development. The project was approved during a cabinet meeting led by Prime Minister Hun Sen and has generated a great deal of excitement among stakeholders. The Funan…
The Council for the Development of Cambodia (CDC) has approved 65 fixed asset investment projects worth over $588 million during the first four months of this year. Chinese investors have emerged as the largest source of foreign direct investment (FDI) in Cambodia, accounting for 73.5% of the total FDI in the country. Chea Vuthy, Deputy…
