To highlight Cambodia’s potential as a business destination, a “Briefing Session on Economic Diplomacy, Investment, Trade and Tourism Environment in Cambodia” was organized in Siem Reap province on September 2. About 100 people from 19 diplomatic missions in Bangkok, the Thai delegation, and line ministries attended the event, which was presided over by H.E Dr.…
On August 31, Prime Minister Hun Sen officially broke ground on a $36.8 million interchange and a $10 million overpass, two new flyovers in the capital. The grand interchange, which will be named Monivong, would connect the triple intersection of the Samdech Techo Hun Sen, Royal Cambodian Armed Forces (better known as Street 271), and…
According to Statista’s research hub, 74 percent of Cambodians are active social media users in 2022, a considerable increase from 2016, when only 27 percent of the population was on social media. There were 22.06 million cellular mobile connections in Cambodia at the beginning of 2022, as per data from GSMA Intelligence. In January 2022,…
According to a senior official at the National Bank of Cambodia, the prudential monetary policies and Riel promotion have increased the currency’s price stability, which has boosted public confidence in the use of the national currency. Chea Serey, Director General of Central Banking of the National Bank of Cambodia, made the comments recently in Kampot…
The reuse is emerging as a viable alternative to our inefficient industrial model, in which raw materials are exploited to produce goods that appease today’s excessive commercialism hunger before being destroyed. Simple actions like repairing, recycling, refurbishing, and reusing are at the heart of a circular economy. The goal of all these tactics is to…
Chamroeun MAK, Chairman of AGRIBEE, writes: Despite the inconvenience brought on by Covid-19 and a year after the EU imposed tariffs, Cambodian rice shipments remained strong. 10 million tonnes of rice were produced in the country in 2020, and 690,829 tonnes were exported for a total of $538.4 million, a 11.4% increase over 2019. Agriculture…
Cambodia has made a significant contribution to preserving world peace, according to Abdulla Shahid, President of the 76th session of the United Nations General Assembly (UNGA). Abdulla Shahid said Cambodia has changed from a country receiving blue-helmet forces to a country providing troops for peacekeeping operations under the UN’s umbrella during a courtesy call on…
Gabriel Tan writes, The last two years has been challenging for Cambodia but we were glad to play a part. Here’s what The Stevie® Awards had to say:“Chen Zhi has made a huge impact on Cambodia by bringing together executives across many different sectors to take care of the community through affordable housing, Covid-19 vaccinations, educational philanthropy,…
Due to the economic growth of Southeast Asia, increased trade with China and other countries, a young, active population, and rising literacy levels, Cambodia has a promising future for growth. More than $1 billion has been spent in Cambodia to combat COVID-19, and herd immunity was attained as a result of the government’s enormous efforts.…
As of July, of this year, there were 1,947 factories registered in Cambodia, producing everything from clothing to electronic devices, employing more than 1 million people, of them some 76 percent are women. The statistics were presented by the Ministry of Industry, Science, Technology, and Innovation at a news conference held recently by the Royal Government…
The Cambodian Young Entrepreneur Award 2022 was recently launched with the goal of promoting exceptional entrepreneurial spirit in the business world and promoting entrepreneurship in Cambodia through the selection of outstanding entrepreneurs as role models. Under the leadership of Mrs. Tekreth Kamrang, Secretary of State at the Ministry of Commerce, the Young Entrepreneurs Association of…
According to Prime Minister Hun Sen, the Regional Comprehensive Economic Partnership (RCEP), a free-trade agreement involving 15 countries in the Asia-Pacific, will boost economic recovery in the post-pandemic period. The agreement would strengthen the supply chain in the region and around the world, the prime minister said in a video message to mark the Association…