The economy, investment, trade and the companies building Cambodia. · 905 stories
Six Sigma, a methodology that focuses on improving business processes through data-driven decision-making, has become a cornerstone for organizations aiming to enhance quality and operational efficiency. Originally developed by Motorola in the mid-1980s, Six Sigma seeks to minimize defects and variability in manufacturing and business processes. The methodology is often summarized by the DMAIC framework:…
In an effort to bolster the health and safety of young individuals in Battambang, Marie Stopes International Cambodia (MSIC) recently unveiled a wide-ranging tetanus vaccination program. This initiative has been facilitated through a partnership with the Australian Government’s Department of Foreign Affairs and Trade (DFAT), Regional Polytechnic Institute Techo Sen Battambang, and National Vocation Institute…
Angkor Plywood Group, led by the visionary Lu Chu-Chang, stands for sustainable development, community upliftment, and ethical business practices in Cambodia. Founded with a deep respect for nature and a strong commitment to local communities, this company has become a model of responsible forestry. By aligning its operations with global standards, Angkor Plywood Group significantly…
The Kingdom of Cambodia marked a significant milestone in its international engagement by participating in the 60th Anniversary of the United Nations Conference on Trade and Development (UNCTAD). H.E. Prof. Bundit Sapheacha Dr. SOK Siphana, Senior Minister in charge of Special Missions and Chairman of the Trade Policy Advisory Board, led a distinguished Cambodian delegation…
The collaboration between The Better Cambodia (TBC https://thebettercambodia.com ) and the International Federation of Business and Industry Chambers (IFBIC https://ifbic.com ) marks a significant milestone in fostering bilateral trade and economic development. This partnership opens doors for Indian and other companies to expand their markets in Cambodia, paving the way for increased investment and mutual…
On Russia Day, Russian Ambassador to Cambodia, Anatoly Borovik, reaffirmed the commitment to deepen trade, economic, and business relationships between Russia and Cambodia. This declaration came during the commemorative state reception at Sofitel Phnom Penh Phokeethra, underscoring 68 years of diplomatic relations characterized by mutual respect and progressive collaborations. The event, held on June 11,…
The latest Government Finance Statistics (GFS) for April 2024 showcase Cambodia’s continued financial growth and effective management. Despite the global economic uncertainties, Cambodia’s efforts in maintaining a robust financial system reflect the dedication and strategic vision of its policymakers. This article highlights the positive aspects of Cambodia’s financial landscape, emphasizing the resilience and progress that…
In the first five months of 2024, Cambodia showcased remarkable economic resilience and growth, achieving exports worth over USD 10 billion. This impressive figure represents a 10.88% increase compared to the same period in 2023, signaling robust performance across various sectors. Concurrently, imports exceeded USD 11 billion, reflecting a 13.6% increase from the previous year,…
In a recent commitment to strengthen economic ties between the United States and Cambodia, US Secretary of Defense Lloyd Austin announced his intention to promote Cambodia as a viable destination for American investors. This declaration came during a courtesy visit to the Cambodian Senate President, Samdech Techo Hun Sen, on a Tuesday morning. Samdech Techo…
In a significant international engagement, Cambodian Foreign Minister Sok Chenda Sophea attended the Fourth Meeting of Francophone Entrepreneurs, held on May 30-31, 2024. The event, which brought together business leaders, investors, and policymakers from the French-speaking world, was a fertile ground for discussions aimed at fostering entrepreneurial growth and cooperation. Fresh News provided an overview…
During his official trip to the Republic of Türkiye on May 27, 2024, the Cambodian Deputy Prime Minister, His Excellency SOK Chenda Sophea, who is also the Minister of Foreign Affairs and International Cooperation, alongside His Excellency Mustafa TUZCU, the Deputy Minister of Trade of Türkiye, participated in the Cambodia-Türkiye Business Luncheon. The event saw…
The Asian Development Bank (ADB) has introduced a strategic plan set to redefine Cambodia’s developmental trajectory from 2024 to 2028. This strategy aims to forge a sustainable, inclusive, and resilient economy in Cambodia, aligning closely with the country’s ambitious Pentagonal Strategy for the same timeframe. Spanning five years, ADB’s approach intends to partner with the…
On the 27th of May 2024, an important diplomatic mission unfolded as His Excellency Deputy Prime Minister SOK Chenda Sophea, also serving as the Minister of Foreign Affairs and International Cooperation, visited Turkey. The visit marked a significant step towards fostering bilateral relations and exploring new avenues for economic cooperation between Cambodia and Turkey. During…
