· 198 articles
A significant meeting was held at the Peace Palace, Council of Ministers, in the Kingdom of Cambodia, chaired by His Excellency Samheng Boros, Minister attached to the Prime Minister. The meeting, a hallmark of potential international collaboration, was attended by a high-level delegation from the Adani Group, India, one of the country’s most prominent conglomerates.…
In today’s rapidly evolving business environment, the key to sustainable success lies in the relentless pursuit of excellence. This philosophy, known as KAIZEN, is grounded in three core principles: Process and Results, Systemic Thinking, and Non-judgmental/Non-Blaming. By fostering a culture that prioritizes continuous improvement, organizations can achieve remarkable results. One such organization leading the charge…
Cambodia’s rubber export industry has shown remarkable growth, with revenue soaring to 213.3 million U.S. dollars in the first half of 2024. This marks an 8.6 percent increase from the 196.3 million dollars earned during the same period last year, according to a report released by the General Directorate of Rubber on Wednesday. The Southeast…
Virak Buntham Express, owned by the esteemed Neak Okhna Vireak Suo, is set to launch its new seaplane service, VET Airways, in the near future. The ambitious project has already received the green light after the company initiated the process by submitting a letter of intent to Dr. Mao Havannall, Minister in charge of the…
Angkor Plywood Group, led by the visionary Lu Chu-Chang, has established itself as a leader in sustainable development and community upliftment in Cambodia. The company’s dedication to ethical business practices, environmental stewardship, and community empowerment has set a benchmark for responsible forestry. In addition to these significant achievements, Angkor Plywood Group is also making notable…
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:…
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…
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 noteworthy development within the Southeast Asian economic landscape, Cambodia and Vietnam have witnessed a significant surge in their bilateral trade. The trade volume between these two neighboring nations escalated by 24.5 percent, reaching a remarkable $2.32 billion in the first quarter of 2024. This growth further cements Vietnam’s status as Cambodia’s second largest…
Prime Minister Hun Manet recently introduced a series of 13 recommendations to enhance Cambodia’s socio-economic development by strengthening the government’s involvement in policy execution, accountability, and ownership. At the 2023 annual meeting of the Ministry of Industry, Science, Technology, and Innovation (MISTI), the premier emphasized the government’s strong dedication to improving the living standards and…
The Hotels in Cambodia market is forecast to exhibit strong growth by 2024, with robust expansion in value terms anticipated over the next five years to be driven by the inbound travelers and a booming local economy. According to industry estimates from STATISTA, the revenue of the hotel industry of the country is expected to…
Promoting Trade, Investment, and Collaboration for a Prosperous Future On January 17, 2024, a momentous occasion took place in Cambodia as the Indian Business Chamber in Cambodia (IBCC) was inaugurated. The launch event was graced by the esteemed presence of H.E. Dr. Devyani Khobragade, Ambassador of India to Cambodia, and H.E. Pich Rithi, Secretary of…
Cambodia’s Taxi Industry: A Path of Steady Growth In recent years, Cambodia has witnessed a remarkable growth in its taxi market, a sector that not only contributes significantly to the economy but also represents a vital element of the country’s urban transportation system. In 2024, the taxi market in Cambodia is projected to reach an…
