The economy, investment, trade and the companies building Cambodia. · 905 articles
The World Bank has released its latest economic update for East Asia and the Pacific, revealing that Cambodia and the Philippines are expected to be the fastest-growing developing economies in Southeast Asia this year. The bank revised its GDP growth forecast for Cambodia from 5.5 percent to 5.8 percent, and for the Philippines from 5.6…
Heng Sour, the Minister of Labor and Vocational Training, has expressed Cambodia’s support for Japanese investors interested in investing in Cambodia and expanding labor cooperation between the two countries. The Minister made these comments during a meeting with a delegation from Asakuchi, Okayama province, Japan. The delegation, led by Yasuhiko Kuriyama, included Fumiaki Takahashi, President…
Singapore-based lodging business unit The Ascott Limited (Ascott), a wholly-owned subsidiary of CapitaLand Investment, has recently entered into a management agreement with Overseas Cambodian Investment Corporation (OCIC) to launch Somerset Diamond Bay Garden Phnom Penh in Koh Pich. The management agreement was formalized through the signing by Ms. Serena Lim, Chief Growth Officer of The…
The National Bank of Cambodia (NBC) recently announced that the 11th annual Macroeconomic Conference will be held on December 17, 2024. This year’s conference, themed “Geoeconomic Fragmentation: Implications and Policies,” is a collaborative effort between the NBC and the International Monetary Fund (IMF). The primary objective of the conference is to foster a culture of…
The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) organized a stakeholders’ reflection workshop to discuss the progress and way forward for promoting financial literacy in Cambodia. The workshop, held at the National Bank of Cambodia’s (NBC) Center for Banking Studies on March 26, had an attendance of 40 stakeholders, including representatives…
Phnom Penh, Mar. 26 – The Ministry of Environment has called upon companies and development partners to actively participate in carbon investment in Cambodia, with a focus on promoting cleaner soil, water, and air. During a meeting with Hoang Anh Dung, CEO of Investment and Trading Consulting Company Limited (INTRACO Holding) of Vietnam, Eang Sophalleth,…
Visa, a global leader in digital payments, has recently unveiled key findings from its Visa Consumer Payment Attitudes study, shedding light on the immense potential for Cambodians to embrace digital payments and keep pace with their Southeast Asian counterparts. As Cambodia makes steady progress in adopting digital payment solutions, a significant 23% of surveyed Cambodians…
A high-level Korean delegation, comprising key representatives from prominent companies such as Hyundai Motor, CJ Group, and Booyoung Group, has expressed keen interest in exploring investment opportunities in Cambodia. The focus of their interest lies primarily in the digital and technology sectors, as well as the establishment of vehicle assembly factories and the manufacturing of…
A delegation of 17 Chinese industrial firms, led by Shen Mingrong, Chairman of Zhenjiang ZhoungChao New Material Co Ltd, recently met with Prime Minister Hun Manet to discuss their interest in transforming Preah Sihanouk province into a ‘Multi-Purpose Model Special Economic Zone’ (SEZ). The meeting centered around expanding investments, attracting new business ventures, and contributing…
Cambodia is gearing up to host the 47th annual meetings of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) from May 15-17, 2024. The upcoming event aims to facilitate knowledge exchange and collaboration among delegates from approximately 41 countries. Themed “DFIs Role in Sustainable Finance Ecosystem: Cultivating a Climate-Smart and Sustainable…
Phnom Penh (FN), Mar. 21 – Prime Minister Hun Manet of Cambodia has emphasized the imperative of continuous investment in vocational and technological training programs for Cambodian Muslims, aimed at augmenting their employment opportunities and socioeconomic empowerment. Addressing attendees at the 2024 Ramadan Iftar dinner in Phnom Penh on Thursday evening (Mar. 21), Prime Minister…
Cambodia, a rapidly developing Southeast Asian nation, is making significant strides toward a more streamlined and transparent tax system. Understanding this system is crucial for businesses and investors seeking to navigate the Cambodian market. This editorial will provide a concise overview of the nation’s taxation landscape and the recent positive developments that are shaping it.…
The Royal Government of Cambodia (RGC) has laid out an ambitious agenda for economic growth and job creation through a three-year Public Investment Programme (PIP), dedicating $11.69 billion to the completion of 617 projects. This strategic initiative was announced by Prime Minister Hun Manet during the 6th Plenary Meeting of the Council of Ministers. Prime…
