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According to Statista’s research hub, 74 percent of Cambodians are active social media users in 2022, a considerable increase from 2016, when only 27 percent of the population was on social media. There were 22.06 million cellular mobile connections in Cambodia at the beginning of 2022, as per data from GSMA Intelligence. In January 2022,…
According to a senior official at the National Bank of Cambodia, the prudential monetary policies and Riel promotion have increased the currency’s price stability, which has boosted public confidence in the use of the national currency. Chea Serey, Director General of Central Banking of the National Bank of Cambodia, made the comments recently in Kampot…
Cambodia has made a significant contribution to preserving world peace, according to Abdulla Shahid, President of the 76th session of the United Nations General Assembly (UNGA). Abdulla Shahid said Cambodia has changed from a country receiving blue-helmet forces to a country providing troops for peacekeeping operations under the UN’s umbrella during a courtesy call on…
Due to the economic growth of Southeast Asia, increased trade with China and other countries, a young, active population, and rising literacy levels, Cambodia has a promising future for growth. More than $1 billion has been spent in Cambodia to combat COVID-19, and herd immunity was attained as a result of the government’s enormous efforts.…
The Royal Group, Cambodia’s largest diversified conglomerate and holding company with investments in various industries in the country, including telecommunication, media, banking, insurance, resorts, education, property, trading, and agriculture, signed a partnership agreement with Amazon Web Services (AWS) premier consulting partner eCloudvalley to localise and expand cloud service expertise in the Kingdom of Cambodia. The…
As of July, of this year, there were 1,947 factories registered in Cambodia, producing everything from clothing to electronic devices, employing more than 1 million people, of them some 76 percent are women. The statistics were presented by the Ministry of Industry, Science, Technology, and Innovation at a news conference held recently by the Royal Government…
According to Prime Minister Hun Sen, the Regional Comprehensive Economic Partnership (RCEP), a free-trade agreement involving 15 countries in the Asia-Pacific, will boost economic recovery in the post-pandemic period. The agreement would strengthen the supply chain in the region and around the world, the prime minister said in a video message to mark the Association…
Japan has provided a $383.22 million loan to Cambodia’s Sihanoukville Port for its refurbishment and expansion. The Exchange of Notes and accompanying agreements on the loan for the Sihanoukville Port New Container Terminal Expansion Project were signed by Hayashi Yoshimasa, the Foreign Minister of Japan, and Prak Sokhonn, the Minister of Foreign Affairs and International…
The Preah Sihanouk government has approved the investment plans submitted by 23 businesses for 19 of the province’s 32 islands. In order to attract both domestic and foreign tourists, the firms intend to develop the islands as tourist sites with hotels and other attractions. According to deputy provincial governor Kong Vitanak, there are 32 islands…
The National Bank of Cambodia predicts that this year’s economic growth in Cambodia will be boosted by the quick rebound of global growth and the economy as a whole (NBC). According to the most recent NBC report, the garment, tourist, agricultural, and construction sectors will sustain the growth. According to the bank, the Kingdom’s economic…
Sangho Jo, President and CEO of Samsung Electronics for Southeast Asia and Oceania, led a delegation that visited Cambodia in search of new business and investment prospects as well as collaboration on trade promotion. Recently, the team paid a courtesy visit to Pan Sorasak, the Cambodian minister of commerce. The Minister gave the delegation a…
According to the National Bank of Cambodia’s (NBC) most recent report, the banking sector in Cambodia experienced strong growth in both loans and deposits in the first half of 2022. Customers’ deposits increased by 16 percent to $42 billion, while outstanding loans rose by 23.4 percent year over year to $51.5 billion by June of…
Two new investment projects recently received approval from the Council for the Development of Cambodia (CDC), which might result in the creation of several new employment and a total investment of more than $14 million. With an estimated investment capital of $9.2 million, MILANNA LEATHERWARE MFY (CAMBODIA) CO., LTD will invest in a project to…
