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In a significant development for Cambodia’s agricultural sector, Kampot province’s salt producers are set to achieve a production landmark, with an expected output of 100,000 tonnes this season. This increase in production is a result of concerted efforts by the Ministry of Industry, Science, Innovation and Technology (MISTI) in collaboration with local authorities and industry…
The cooking and edible oils market in Cambodia presents a promising landscape, poised for steady growth through the coming years. With a projected expansion of 1.9% CAGR from 2022 to 2028, according to StrategyHelix, this sector stands as a vital component of Cambodia’s food industry, reflecting the country’s evolving culinary preferences and economic development. In…
The Credit Guarantee Corporation of Cambodia (CGCC) announced on Wednesday that it has facilitated loan guarantees totaling $164 million for 1,928 micro, small, and medium enterprises (MSMEs) since its inception three years ago. Launched during the Covid pandemic to assist businesses in navigating economic challenges, the CGCC has made significant strides, currently boasting an active…
A team from the Japanese Chamber of Commerce and Industry recently expressed their interest in bolstering investments in Cambodia, particularly focusing on the Original Equipment Manufacturers (OEMs) within the textile industry. Yoshihisa Suzuki, leading the Japan-Mekong Business Cooperation Committee, presented this investment proposition during a discussion with Cambodian Prime Minister Hun Manet at Phnom Penh’s…
In January 2024, Cambodia saw a significant influx of fixed-asset investments, totaling over $187 million, as reported by the Council for the Development of Cambodia (CDC). This financial boost was encapsulated in the approval of 32 new investment projects, poised to create approximately 29,000 job opportunities across the nation. The investment landscape for the month…
Panda Bank is excited to introduce the ‘Treasure Vault’, a novel savings solution designed to revolutionize the way customers earn interest on their deposits. This innovative product offers a flexible term deposit scheme with the unique advantage of daily interest accrual, setting a new standard in the banking sector. With a minimum deposit period of…
Prime Minister Hun Manet recently announced the Cambodian government’s ambitious initiative to create a novel breed of Special Economic Zones (SEZs) focused on green industries and advanced technology. These future SEZs aim to attract investments that align with sustainable and digital advancements, setting them apart from traditional industrial parks. During the ‘Special Programme to Promote…
In a strategic move to bolster economic relationships, the Royal Government of Cambodia (RGC) is actively enhancing cooperation with both the European Union (EU) and the member states of the Association of Southeast Asian Nations (ASEAN). This initiative aims at fostering shared prosperity, strengthening economic resilience, and deepening investment connections across these regions. Deputy Prime…
In a significant meeting held at the Peace Palace on Thursday, February 1, Cambodian Prime Minister Hun Manet welcomed Yoshihisa Suzuki, the Chairman of the Japan-Mekong Business Cooperation Committee under the Japan Chamber of Commerce and Industry (JCCI). This gathering marks an important dialogue between Cambodia and the Japan-Mekong region, highlighting the ongoing and potential…
In an emphatic declaration of intent, the Royal Government of Cambodia (RGC) has reasserted its commitment to advancing and modernizing its agricultural sector, aiming to boost its competitive edge not only within the nation but also across regional and international arenas. This commitment was voiced by Prime Minister Hun Manet during the conclusion of the…
Cambodia is charting a bold course in the agricultural sector with a keen focus on enhancing its cashew industry, as outlined in the ambitious National Policy on Cashew 2022–2027. This strategic initiative aims to elevate the country’s status in the global cashew market by significantly increasing cashew production, establishing more processing facilities, diversifying export markets,…
In a significant development for Cambodia’s burgeoning tech scene, the OCIC Group’s recent visit to Europe, specifically to Paris’ prestigious tech institutions, heralds a new era of innovation and digital transformation for the nation. The visit, aligned with the official trip of His Excellency Samdech Moha Borvor Thipadei Dr. Hun Manet to Paris, underscores a…
The coastal city of Sihanoukville is on the cusp of a transformative era, heralded by Prime Minister Hun Manet’s recent unveiling of the “Special Investment Promotion Program in Sihanoukville 2024.” This groundbreaking initiative signifies a pivotal moment in Cambodia’s economic evolution, with Sihanoukville set to become a focal point of national and international investment. At…
