The economy, investment, trade and the companies building Cambodia. · 905 stories
The Third-Largest Pizza Chain in the World to Open First Restaurant in Phnom Penh, Promising Local Growth and Franchise Expansion Phnom Penh, Cambodia – November 2024 – Little Caesars, the third-largest pizza chain in the world, is gearing up for its highly anticipated grand opening on November 10, 2024, on Koh Pich. This restaurant will…
In a significant development for Cambodia’s economy, the country’s trade with members of the Regional Comprehensive Economic Partnership (RCEP) witnessed a substantial increase, reaching over $25 billion within the initial nine months of 2024. This surge, amounting to a 17.1 percent increase compared to the same timeframe the previous year, is a clear indication of…
In a notable demonstration of its sustained leadership and innovative prowess in the financial sector, Canadia Bank has accrued significant recognition at the esteemed International Finance Awards (IFA) 2024. The bank, which has been a prominent figure in Cambodia’s financial market for over 30 years, proudly accepted honors as the Best Commercial Bank in Cambodia…
Cambodia’s Law on Public-Private Partnerships (PPP), promulgated in 2021, marks a significant leap toward modernizing the country’s infrastructure and public services. By facilitating collaboration between the public and private sectors, the Cambodian government aims to enhance public infrastructure and essential services, accelerate economic growth, and improve the quality of life for its citizens. This article…
In the realm of international affairs and global economic development, one of the chief indicators of a nation’s active participation in seeking progress is its interactions with leading world organizations. Cambodian Prime Minister Hun Manet’s recent meeting with Manuela V. Ferro, the World Bank’s Regional Vice President for East Asia and Pacific, underscores such involvement.…
In recent years, Cambodia has positioned itself as a compelling destination for foreign direct investment (FDI). The nation’s strategic location in Southeast Asia, combined with its growing industrial capabilities, young workforce, and government-led reforms, has made it an attractive hub for investors. Key to this success is the comprehensive investment framework outlined in the Law…
The World Bank has announced the approval of an $80 million financing initiative aimed at improving the quality of higher education in Cambodia, with a special focus on science, technology, engineering, and mathematics (STEM) programs. This investment is a significant step forward in the country’s long-term development goals, seeking to modernize and elevate its educational…
The Asian Development Bank (ADB) has recently updated its economic outlook for Cambodia, confirming expectations for sustained growth in the coming years. The latest forecast anticipates the nation’s economy to grow by 5.8% in 2024 and further accelerate to a 6.0% growth rate in 2025. These projections underline a steady economic expansion, supported by a…
In a significant step towards bolstering European investment in Cambodia, a pioneering Public-Private Dialogue took place on September 17, 2024, under the leadership of Sun Chanthol, the First Vice President of the Council for the Development of Cambodia (CDC), and EU Ambassador to Cambodia, Igor Driesmans. This gathering marked an essential milestone in the collaboration…
Chief (Cambodia) Commercial Bank Plc. has unveiled the CHIEF CHILD Account, a specialized savings account designed to introduce financial management skills to children under the age of 18. This new offering aligns with the bank’s commitment to enhancing financial literacy among the youth in Cambodia. Strategic Financial Literacy Initiatives Soeung Morarith, the Chief Executive Officer…
On a significant day in Seoul, South Korea, Cambodian Senate President, Samdech Techo Hun Sen, welcomed the management team of SK Securities for a courtesy visit. This engagement highlights the growing importance of international business relations and investment opportunities between Cambodia and global companies, such as those based in South Korea. The meeting, which took…
In a notable development that underscores the deepening relationship between Cambodia and South Korea, Samdech Techo Hun Sen, the Cambodian Senate President, recently engaged in meaningful discussions with Woo Won-shik, the Speaker of the South Korean National Assembly. This diplomatic exchange, which took place at the National Assembly of South Korea on Tuesday, September 10,…
In a significant stride towards strengthening international trade relations, Cambodian Prime Minister Hun Manet convened with a US business delegation at the Peace Palace on Tuesday, September 10th. The meeting, facilitated by the Cambodian Chamber of Commerce in California, was an opportunity to explore deeper bilateral business relationships and the potential enhancement of trade specifically…
