The economy, investment, trade and the companies building Cambodia. · 906 stories
In a remarkable development for Cambodia’s financial landscape, ACLEDA Bank Plc, a prominent commercial bank, is set to make history by listing its bonds on Thailand’s stock exchange. This strategic move aims to raise $100 million, earmarked for expanding its operations and extending vital support to small and medium-sized enterprises (SMEs). This groundbreaking listing not…
Amidst the challenging global financial situation, Cambodia has emerged as an attractive investment destination, with foreign direct investment (FDI) inflows in the first half of 2023 witnessing an impressive increase of 41.6 percent compared to the same period in 2022. The Council of Ministers, following their plenary session on September 20, highlighted this remarkable growth…
In a resounding call to action, Prime Minister Hun Manet has set forth a vision that promises to transform Cambodia’s provinces into thriving hubs of economic activity. With an unwavering commitment to decentralisation and economic growth, Hun Manet’s leadership is ushering in a new era of opportunity for the nation. Addressing nearly 20,000 workers in…
Chea Serey, Governor of the National Bank of Cambodia, emphasized the crucial connection between a country’s monetary policy and financial stability. Speaking at the 16th High-Level Seminar organized by the National Bank of Cambodia (NBC), South East Asian Central Banks (SEACEN) Research, and Bank for International Settlements (BIS) in Siem Reap province, Serey addressed senior…
In his address at the opening ceremony of the 20th China-ASEAN Expo in Nanning, Prime Minister Hun Manet underscored the importance of trade and cooperation in navigating the uncertainties of the global landscape. Held under the theme “Work Together for a Harmonious Home and Shared Future,” this year’s expo offers an opportunity to promote sustainable…
The Koh Kong Provincial Administration has announced plans to establish two new special economic zones (SEZs) in Botum Sakor district, in a move to attract investors and stimulate economic growth. These SEZs are expected to generate tens of thousands of job opportunities and play a crucial role in creating a vibrant economy for both the…
Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), commended Cambodia’s impressive economic growth during his visit to the ASEAN Summit hosted by the country in 2022. Schwab’s positive remarks highlight Cambodia’s progress in various sectors, including trade, foreign investment, tourism, and economic reforms. During a meeting with Prime Minister Hun Manet…
In a significant step towards promoting entrepreneurship and innovation among Cambodian youths, Khmer Enterprise, in collaboration with Expert Leadership Innovation Exchange (ELIX) and Reactor School, has launched two Entrepreneurship Programmes. These programmes aim to equip undergraduate students with the necessary skills, mentorship, and guidance to pursue their entrepreneurial dreams. Supported by the Ministry of Economy…
Cambodia is a country in Southeast Asia that has been attracting more foreign investors in recent years. The World Bank predicted that the recovery of tourism and ongoing policy support would drive Cambodia’s real GDP growth to nearly 5.5% in 2023. Some of the reasons why Cambodia is a better destination for investors are: Some of…
Eurogiro, an international postal network owned by fintech company Inpay, has joined forces with Cambodia Post Bank Plc. (CPBank) to introduce ground-breaking international money transfer services in Cambodia. This partnership will provide CPBank customers in Cambodia and abroad with an efficient and convenient way to send and receive cross-border remittances. Through Eurogiro’s extensive network of…
Pethyoeung, a dynamic health technology company hailing from Cambodia, is embarking on an exciting journey as it enters the US market under the name Pymed Technologies Inc. This strategic move showcases the company’s dedication to expanding its global reach and making a significant impact on the international stage. The decision to register in the United…
In recent developments, Cambodian Prime Minister Hun Manet has underscored the importance of further strengthening ties between Cambodia and the European Union (EU). During a courtesy call by outgoing EU Ambassador to Cambodia Carmen Moreno, Prime Minister Hun Manet emphasised the need for continued support and finance for the “Multi-Annual Indicative Programme 2021-2027- Phase 2.”…
The Council for the Development of Cambodia (CDC) has recently announced that 13 new companies have been granted investment certification, marking a significant boost to the country’s economy. These companies will invest a total of $425.9 million across various sectors and create around 23,250 new job opportunities for Cambodians. Conch KT Cement (Phnom Penh) Co…
