Stories tagged Cambodia Business. · 89 articles
Cambodian-made Electric Cars? That’s the concept behind the Angkor EV 2013, which debuted in Phnom Penh on January 7, 2013!! On January 8, 2013, the locally built electric car ‘Angkor EV 2013’ was on display at a showroom in Phnom Penh. Cambodia’s Heng Development Company has introduced its first electric vehicle, the Angkor, which is…
According to startup organizations and venture capital firms, Cambodia lacks privately-held startups with a value more than $1 billion, making unicorns in the nation as rare as the mythical animal. But things might change shortly. A private firm with a value of over $1 billion is called a unicorn startup. The term “Unicorn Startup” was…
Startups are currently the most prominent global noise in the era we live in. People today are brave and keen to make their ideas a reality. The number of startups across industries is increasing in almost all countries, and young entrepreneurs are working arduously to achieve their dreams fearlessly. This is about more than just a person’s personal development; it also helps nations grow. Cambodia is going through the same growth as the rest of the world. Additionally, it is evolving into Asia’s startup hub. What is Startup Cambodia? The government of Cambodia has launched a program called Startup Cambodia with the goal of creating wealth and jobs. The development and innovation of new products…
Government and private sector contributors have contributed more over $16 million to demining initiatives since Prime Minister Hun Sen announced the Samdech Techo Project for Mine Action on July 4 with the tagline “Providing Safe Ground, Creating Smiles.” On July 12, Seng Tieng, secretary of state of the Council of Ministers, said that donations were…
The social networking site Jomnes Job serves as a link between employers, job seekers, companies, and professionals. It is beneficial to manage your professional profile, develop your professional network, connect with applicants and recruiters, establish business contacts, and access other information all in one place. Jomnes Job (job.jomnes.com) is built by young Cambodian entrepreneur Reaksmey…
Pay with a QR code in Thailand from a bank account in Cambodia! Serey Chea, Director General of the National Bank of Cambodia, recently posted on LinkedIn a video showing her using KHQR to make a payment in Thailand. She wrote, “Don’t want to carry cash? No problem. Paying for my boat noodles with QR…
According to the Ministry of Agriculture, Forestry, and Fisheries, Cambodia exported more than 2.3 million tonnes of cassava in the first half (H1) of 2022, an increase of more than two-fifths year over year. Thailand bought the greatest portion, at over 1.3 million tonnes or 59.49 percent. The study classifies the exports into four groups:…
For almost 30 years, the Phare family of extraordinary organizations has touched the hearts of many. Phare performing social enterprise (PPSE), which was founded just 9 years ago, has quickly grown to become one of Cambodia’s most respected and successful social enterprise role models, notably in the cultural tourism and creative industries. Phare Creative Studio’s…
The Ministry of Commerce has been hosting The Cambodian and Import-Export Goods Exhibition (CIEG), a wholly government-run international trade exhibition, in Cambodia since 2005. According to a statement from the Ministry of Commerce, the 15th annual Cambodian and Import-Export Goods Exhibition will take place from December 15 to 18 at the Koh Pich Convention and…
Railways are a reliable and effective means of transporting both people and cargo. Railways reduce carbon gas emissions while promoting economic growth. They are a clean and efficient way to transport tonnes of cargo and millions of passengers across regions. There are two lines in the railway network in Cambodia. The northern railway, which stretches…
Despite the Covid-19 crisis, the two-way trade between Cambodia and the United Arab Emirates (UAE) had a significant rise of 53% to reach $150 million last year, according to the Cambodian Ministry of Commerce. The data were discussed in a recent videoconference between Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade at…
In the first half of this year, the General Department of Customs and Excise earned $1,293 million in customs revenue, or 50.1% of the financial plan for 2022. The data was disclosed by its director-general, H.E Khun Nhim, during a press conference held recently. Approximately half of the financial plan for 2022 was made up of…
Cambodia is densely forested with palm sugar trees, the country’s national tree, and if you’re lucky, you could catch a glimpse of the men and women who scale their delicate branches to reach the fruit at the tree’s tip. The canopy can cover three metres, and the tree can reach heights of 30 metres. Palm…
