The economy, investment, trade and the companies building Cambodia. · 905 stories
As the financial landscape of Cambodia continues to evolve, ACLEDA Bank, KB Prasac Bank Plc, and Sathapana Bank have emerged as leaders in the banking industry, particularly in terms of deposit accumulation as of the third quarter of 2023. According to the latest figures from the Cambodia Microfinance Association, these banks have shown significant growth…
The Cambodia Securities Exchange (CSX) and its listed entities recently convened a seminar aimed at bolstering public understanding and confidence in the nation’s capital markets. The event, named ‘Earnings Forum 2024’, was held at the CSX venue and featured presentations from six prominent listed companies, including the Phnom Penh Water Supply Authority, Phnom Penh Autonomous…
The Cambodian government is intensifying its efforts to streamline tax payments and public services through digitalization, as highlighted by officials during the Digital Government Forum held at the Koh Pich Convention and Exhibition Center. This event, titled ‘Sustainable and Inclusive Development through Digital Policy Implementation,’ was spearheaded by the Ministry of Post and Telecommunications. It…
Despite a growing interest from European businesses, Cambodia observes a relatively modest number of European investment projects within its borders, as noted by Sun Chanthol, the Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia. During discussions with Peteris Ustubs, the European Union’s Director for Middle East Asia and…
In the initial months of 2024, Cambodia has witnessed a substantial influx of investments, with approved fixed-asset investment projects amounting to $1.39 billion. This figure represents an approximate fivefold increase from the corresponding timeframe in the previous year, as reported by the Council for the Development of Cambodia (CDC). Chinese investments constituted a significant portion…
In the first two months of the current year, Cambodia has seen a notable increase in its international trade activities, with a total trade volume of $8.12 billion, marking a 19.2 percent rise from the previous year’s figures. This growth is characterized by a substantial 22.7 percent increase in exports, totaling $3.98 billion, and a…
In a significant stride towards strengthening economic ties, Malaysia has risen to become Cambodia’s 15th largest trade ally, as revealed by data from the General Department of Customs and Excise (GDCE). The bilateral trade between these nations witnessed a remarkable increase of over 35% in January, highlighting a thriving partnership within the ASEAN framework. The…
In a recent report by the World Bank, Cambodia has once again been highlighted for its commendable legal protections for women, marking it as one of the leading countries in the ASEAN region for women’s rights. The “Women, Business and the Law” annual report places Cambodia alongside Vietnam, Laos, and Singapore, as the ASEAN nations…
Cambodia is the land of artisans. Their profound knowledge and dedication to their profession are an integral part of the structure of the country, much like the reeds they meticulously transform into exquisite products. The narrative of these craftsmen is marked by resilience, innovation, and an unwavering dedication to preserving cultural heritage against formidable challenges.…
On March 5, 2024, Cham Nimul, Cambodia’s Minister of Commerce, engaged in pivotal discussions with Senator Hon Tim Ayres, Australia’s Assistant Minister for Trade and Manufacturing, aiming to deepen the friendship and economic ties between Cambodia and Australia. This significant meeting occurred in the context of Prime Minister Hun Manet’s participation in the ASEAN-Australia Special…
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…
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…
