The economy, investment, trade and the companies building Cambodia. · 906 articles
Cambodia has made a strong case for integrating the Investment Facilitation for Development (IFD) agreement into the World Trade Organization (WTO) framework during the 13th Ministerial Conference (MC13) held in Abu Dhabi. Cham Nimul, the Minister of Commerce, led a delegation from Cambodia to the conference, emphasizing the potential benefits of such an integration for…
The Council for the Development of Cambodia (CDC) is streamlining the process for foreign companies to apply for the Qualified Investment Projects (QIP) status in Cambodia by refining the online registration system. This initiative is aimed at facilitating a smoother application process for international investors interested in the Cambodian market. During a recent discussion with…
In an upcoming business forum to be held in Kuala Lumpur, Malaysia, on Tuesday, Cambodia is poised to strengthen its commercial relationships with Malaysia, focusing on trade, investment, and economic cooperation. The forum, a collaborative effort between the Cambodia Chamber of Commerce, the Malaysia Business Chamber in Cambodia, and the National Chamber of Commerce and…
KB Kookmin Bank has officially inaugurated KB PRASAC Bank in Phnom Penh, Cambodia, marking a significant expansion of its operations in the region. The opening ceremony, held on Friday, was attended by around 700 guests, including notable figures such as CheaSerey, the Governor of the National Bank of Cambodia, ChringBotumRangsay, the Ambassador of Cambodia to…
AREAA Global, a prominent US-based organization, has expressed strong interest in the burgeoning development and investment landscape in Cambodia, pledging to highlight these opportunities to its extensive global network of nearly 20,000 members. This commitment was voiced by AREAA Global’s chairman Allen Chiang and CEO Carmen Chong during their attendance at the “UpClose Cambodia” event…
In anticipation of Prime Minister Hun Manet’s forthcoming trip to Australia, Cambodia is actively engaging its private sector, along with various ministries and institutions, to forge stronger investment ties and increase exports of semi-finished and processed products to the Australian market. An orientation for the Cambodia Business Delegates was organized by the Innovation and Development…
The Cambodian Stock Exchange (CSX) has experienced a landmark year in 2023, with significant strides marking a new era in Cambodia’s financial landscape. As we reflect on the year’s achievements, it’s evident that the CSX has not only broadened its horizons but also deepened the country’s financial markets’ sophistication and accessibility. The year 2023 saw…
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…
In a recent development, Cambodia has extended an invitation to India to contemplate the establishment of a specialized technology SEZ within its borders. During a significant encounter, Sun Chanthol, Cambodia’s Deputy Prime Minister and First-Vice Chairman of the Council for the Development of Cambodia (CDC), engaged in discussions with Devyani Uttam Khobragde, the Indian Ambassador…
On February 20, 2024, a significant dialogue took place between His Excellency CHUM Sounry, Secretary of State of the Ministry of Foreign Affairs and International Cooperation of Cambodia, and His Excellency ALAN Bowman, Director-General for Southeast Asia and Oceania at the Department of Foreign Affairs, Trade and Development of Canada. This meeting occurred during Bowman’s…
In a significant development for financial services in Cambodia, leading banks such as ABA Bank, ACLEDA Bank, and the newly joined Wing Bank, are now providing instant loan facilities against fixed deposits. This innovative financial product allows customers to secure loans swiftly without having to liquidate their term deposits, preserving their interest earnings. ABA Bank…
The National Bank of Cambodia (NBC) and India’s NPCI International Payments Limited (NIPL) are moving forward with plans to launch a cross-border QR code payment system, aiming to facilitate seamless financial transactions between the two nations. This initiative was discussed in a recent meeting in Mumbai, India, where NBC Governor Chea Serey met with representatives…
Following the recent official visit of Prime Minister Hun Manet to Thailand, a significant surge of interest from the Thai business community has been noted, with plans to explore investment opportunities in Cambodia amounting to $1 billion across three major projects in early March. The surge in interest was sparked during an economic forum held…
