The economy, investment, trade and the companies building Cambodia. · 906 articles
In a world that has faced unprecedented economic challenges, Cambodia has emerged as a shining example of resilience and growth. Despite the recent global hurdles, the Southeast Asian nation has not only managed to recover but has also made significant strides in economic development. In this article, we will delve into the factors and strategies…
“Imbued with the mystique of centuries-old traditions, Sak Yant tattoos transcend mere body art, weaving a powerful tapestry of spirituality, protection, and cultural heritage for those fortunate enough to receive them.” In the enchanting realm of Cambodia, there are monks, and then there are the tattoo monks. For those passionate about travel and tattoo art,…
In recent years, ASEAN countries like Vietnam, Indonesia, Thailand, Singapore, and the Philippines have made significant advancements in the space industry. These nations have harnessed the advantages of satellite technologies for various purposes, including research, education, communication, meteorological applications, and natural disaster management. Cambodia, recognizing the importance of joining the space race, has taken steps…
Euronet Worldwide, Inc.’s Ria Money Transfer business segment has partnered with ACLEDA Bank Plc, a leading retail bank in Cambodia, to expand its network and improve cross-border money transfer services in the country. Through the partnership, Ria’s global money transfer services will now be available at over 4,300 locations in Cambodia, including ACLEDA’s 300 cash…
Cambodia is a rapidly developing country that has made significant strides in the technology sector in recent years. The government has been working to attract foreign investment and create a favorable environment for tech startups. The country’s young and tech-savvy population is also an asset in this regard. Additionally, Cambodia’s strategic location in the heart…
More and more people are starting to realise how important it is to recycle and how our lifestyles impact the environment. There is a lot of information about how the use of plastics and other materials has a big effect on biodiversity. Have you ever thought about recycling your clothes? These things are also easy…
At least five vehicle assembly investment projects have been approved in Cambodia, and construction is expected to be completed soon. Soeun Dara, executive director of the Cambodia Automotive Industry Federation, said that this will bring the total number of car assembly factories in Cambodia to nine, of which three are already functioning. Hyundai, located in…
Visa Inc. and Mastercard Inc. will develop their payment technology and financial literacy programs to assist small and medium-sized businesses in Cambodia that are anticipated to continue doing business with multinational companies from the world’s largest economy in the future, according to a senior official of a leading business chamber. A Cambodia Chamber of Commerce…
Cambodia has been removed from the global money-laundering and terrorist-funding watchdog’s “grey list” after working to reduce money laundering, terrorism financing, and proliferation financing in the country. The FATF made the announcement on February 24 during its annual meeting in Paris. Morocco was also taken off the Grey List. According to the meeting report posted…
Chea Serey, assistant governor of the National Bank of Cambodia (NBC), said on February 20 that the Bakong system, a blockchain-based inter-bank mobile payment platform, now has more than 8.5 million accounts. This is a sign that digital payments in Cambodia are getting better. Serey said at an event that 8.5 million accounts “have been…
Have you ever heard of the Muffin Man, SiemReap? He lives in Siem Reap and sells delicious homemade muffins. His secret ingredient is love, and that’s why his muffins are so tasty! The COVID-19 pandemic has affected many people around the world. Because of this, many have been forced to change their lives, losing jobs…
The Memorandum of Understanding (MOU) was signed on February 8, 2023, in Phnom Penh by Souliyo Vongdala and Phonepasong Mixab, the CEO and Co-Founders of LOCA, and Soreasmey Ke Bin, the CEO of Confluences. Confluences will guide LOCA’s first steps in Cambodia as part of this strategic cooperation. The Kingdom is LOCA’s first market outside…
After visiting Angkor Wat temples in Siem Reap, tourists rush to watch the Phare Circus in the evening. It is a one-of-a-kind attraction in Siem Reap, which celebrated its tenth anniversary on February 8, 2023. It has completely changed the concept of the usual circus. Phare, the Cambodian Circus aims to show a different experience…
