Stories tagged Cambodia Business. · 89 articles
Bakong, Cambodia’s digital payment system, was launched by the National Bank of Cambodia in October 2020. Nearly 270,000 people use its digital wallet, and nearly 6 million people have benefited from connected financial apps. Bakong shows how the scalability, inclusivity, and cost-effectiveness of systems like this may benefit both financial institutions and end users. The…
Veteran banker Dr. In Channy is a self-made man who has built a financial powerhouse over the span of his nearly three-decade career. He has also been effective in shaping financial markets policies and regulations in Cambodia. Dr. In Channy, President and Group Managing Director of ACLEDA Bank, turned an NGO-based organisation into a financial…
On June 24, representatives from the state-owned China Communications Construction Co Ltd (CCCC), the China Road and Bridge Corp (CRBC), and the Minister of Public Works and Transport Sun Chanthol met to discuss the findings of the firms’ preliminary study on a potential metro or monorail in the capital as a way to reduce traffic…
There are many villages located across from the main town of Battambang, which provides the best introduction to Cambodia’s rural heartland. In some of these villages, we can see how “rice paper” is made traditionally. This word refers to the thin, transparent layer of pounded and steamed rice used to wrap fresh spring rolls rather…
Nelson Mandela had once said, “There is no passion, to be found playing small – in settling for a life that is less than the one you are capable of living.” There are many products and services that claim to change your life; but coaching may be the only one thing that actually delivers on…
Businesspeople and economists have anticipated that the recently opened Cambodia Private Commercial Centre (CPCC) in the Japanese city of Atsugi will be a fantastic platform for promoting investment opportunities in the Kingdom, encouraging inbound investment from Japan, and attracting the foreign investors. Tuy Ry, the ambassador of Cambodia to Japan, Masahiro Mikami, the secretary-general of the…
Three teams of girls were crowned National Pitch Champions of Technovation Cambodia 2022 on June 18, with education minister H.E Hang Chuon Naron making a virtual appearance, after developing applications aimed at improving the environment, simplifying waste management, and promoting STEM education – science, technology, engineering, and mathematics. The Tech for Kids Academy, in collaboration…
Nestle, the world’s largest confectionary company, plans to invest in Cambodia by opening a factory in the near future, a move hailed by local dairy farmers as a way to strengthen the country’s fresh milk market. During a visit by Minister of Commerce H.E Pan Sorasak to Nestle headquarters in Vevey, Switzerland on June 16,…
The Debt to GDP ratio is important because it reflects a country’s ability to repay its debt. It is the debt-to-GDP ratio of a country. The lower the ratio, the stronger the economy of the country is. Experts say Cambodia’s public debt is still low as a percentage of GDP, at roughly 25%, compared to…
According to an official statement Cambodia collected $1,726 million in tax revenue from January to May this year, a 27.95 percent growth over the same time last year. Director-general of the General Department of Taxation Kong Vibol said in a statement that the increase in tax revenue collection was due to ongoing reforms in the…
The quiet town of Kampot is ready to open up to the international market, with a new $1.5 billion port under construction. The construction of the Kampot Logistics and Multipurpose Port, which will occupy more than 600 hectares of land, has just begun. The Kampot Logistics and Port Firm Limited, a Cambodian company established in…
The Cambodian Development Council (CDC) has accepted final registration certificates for four investment projects totaling approximately $24 million, which would create 2,376 new employment. According to a CDC press statement, three projects in the Sihanoukville Special Economic Zone (SSEZ) were identified, including Mei An Leatherware (Cambodia) Co Ltd’s $10.5 million bag factory, which is expected…
“Special Education is not a Weakness, it is a Strength” If a child has a learning impairment or condition that makes learning more challenging for them than other children of their age, they need special education. They could be having difficulties with schooling, communication or behaviour. Regardless of their challenges, every child has the right…
