The economy, investment, trade and the companies building Cambodia. · 906 articles
Written By, Mr Walter Dantis Brands can have a spectacular rise and fall in the dynamic marketplace. Some brands rise to prominence and become instantly recognisable, while others fall into oblivion and become examples of bad branding for companies around the world. While every failed business has its own unique set of circumstances, there are…
The National Bank of Cambodia (NBC) is set to extend the reach of its innovative mobile payment application, Bakong, to China and India within this year, aiming to facilitate easier cross-border transactions using local currencies. This strategic move follows the successful integration of payment systems between Cambodia and its neighboring countries, Thailand, Vietnam, and Laos,…
Far East Trade Service Inc Phnom Penh (FETPP), a subsidiary of the Taiwan External Trade Development Council (TAITRA), is poised to broaden its investment horizons in Cambodia, particularly in the agri-food and automotive sectors. This initiative is in collaboration with the Council for the Development of Cambodia (CDC), aiming to foster economic synergy between the…
In a significant economic milestone, Cambodia’s international reserves surged to an impressive $20 billion in 2023, marking a substantial year-on-year increase of 12.3 percent, as announced by the central bank. This growth reflects the country’s economic resilience and stability in a fluctuating global financial landscape. Managed by the National Bank of Cambodia, these international reserves…
In a recent address at an annual meeting, Chea Serey, the Governor of the National Bank of Cambodia (NBC), declared that Cambodia’s banking and financial industry remains robust and healthy, even in the face of global economic challenges. This assertion comes as a reassurance amidst growing concerns about the stability of financial institutions in some…
On the 22nd of January, 2024, the Ministry of Economy and Finance played host to the 6th Inter-ministerial Technical Working Group (TWG) meeting, a significant step in coordinating the development and implementation of the Master Plan for Preah Sihanouk Province’s transformation into a Model Multi-purpose Special Economic Zone (SEZ). Chaired by His Excellency Dr. Phan…
Deputy Prime Minister (DPM) Sun Chanthol, also the First Vice-Chairman of the Council for the Development of Cambodia (CDC), recently spearheaded a high-profile delegation to Malaysia with the primary objective of delving into promising investment opportunities. This diplomatic mission, spanning three fruitful days from January 21 to January 23, marked a significant step in fostering…
Cambodia, a country nestled in the heart of Southeast Asia, is on a remarkable development journey that beckons investors worldwide. With a solid growth foundation, a range of existing advantages, and a steadfast aspiration for the future, Cambodia offers a golden gateway for investments. In this article, we explore the key factors that make Cambodia…
In a remarkable achievement, Cambodia’s jewellery exports reached an impressive $851 million in 2023, marking a remarkable 261% increase compared to the previous year, according to the Ministry of Commerce. This surge in export value was celebrated during a press conference on January 22, announcing the 15th Cambodia International Jewellery and Gems Exhibition scheduled to…
Bridge Bank, a prominent commercial bank offering comprehensive banking services, has joined forces with East Asia Management University (EAMU) to provide invaluable internship opportunities, knowledge sharing, and mentorship to aspiring students. This collaboration aims to empower students with practical experience and a deeper understanding of the financial industry. The official partnership was cemented through the…
The National Bank of Cambodia (NBC) has received accolades from a senior United Nations (UN) official for its unwavering commitment to implementing environmental, social, and governance (ESG) norms. During her official visit to Cambodia, Armida Salsiah Alisjahbana, the Under-Secretary-General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and…
In a report titled ‘Cambodia’s Attractiveness for EU Foreign Direct Investments (FDI),’ jointly produced by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ), it is emphasized that Cambodia’s progress in adopting renewable energy could significantly enhance its appeal to EU-based companies seeking investment opportunities. The report derives insights…
China and Cambodia have a longstanding and resilient friendship that has stood the test of time, characterized by their close geographical proximity and deep-rooted diplomatic ties. In 2023, the two nations celebrated the 65th anniversary of their diplomatic relations and the “China-Cambodia Friendship Year,” coinciding with the 10th anniversary of the Belt and Road Initiative.…
