The economy, investment, trade and the companies building Cambodia. · 905 អត្ថបទ
In an effort to revitalize and promote the use of Cambodia’s national currency, the National Bank of Cambodia has announced the launch of the “Love the Riel” campaign. This initiative, set to run from March 20 to 29, 2024, invites citizens to exchange their old or damaged riel banknotes for new ones without any cost.…
The Credit Guarantee Corporation of Cambodia (CGCC) has significantly bolstered the local economy by providing $174 million in credit guarantees to 2,070 businesses for their expansion efforts as of February this year. A recent factsheet from CGCC highlights that, by the end of February 2024, the total outstanding guaranteed loans reached $120 million, with the…
The Ministry of Commerce (MoC) of Cambodia, in a collaborative effort with the European Union (EU) and the German Federal Government’s agency GIZ, has made notable strides in fostering trade development that aligns with Cambodia’s ambition to enhance its economic presence both regionally and internationally. On Friday, Cham Nimul, the Minister of Commerce, oversaw the…
The Council for the Development of Cambodia (CDC) has recently highlighted a range of incentives for investors who contribute to skills development training for their employees within the nation. This initiative is part of a broader effort to enhance the skill sets of the Cambodian workforce, in line with the Kingdom’s Investment Law which encourages…
Cambodia’s dedication to leveraging the dynamism of startups was prominently showcased at the Startup Ecosystem Forum: Connect 2024 in Phnom Penh, held at Raintree Cambodia. The forum, designed to foster open dialogue, knowledge exchange, and collaborative efforts, brought together investors, startup founders, and mentors to discuss the path forward for Cambodia’s burgeoning startup scene. A…
In a significant financial move, the Royal Government of Cambodia successfully secured $58.26 million through the sale of government bonds in 2023. This initiative forms part of the country’s broader strategy to enhance its economic infrastructure and support public investment initiatives. With regulations allowing for a maximum bond issuance of up to $200 million, the…
On a recent Friday, the Cambodia Young Entrepreneurs Association for Development (CYEAD) engaged in meaningful discussions with high-ranking officials from the Council for the Development of Cambodia (CDC) in Phnom Penh, focusing on new avenues for investment. The meeting saw Chea Vuthy, the Secretary General of the Cambodia Investment Committee within the CDC, in talks…
The Cambodia Tech Catalyst event, supported by Google and held in Phnom Penh, recently shone a spotlight on female entrepreneurs in the technology and investment sectors. The event, themed ‘Kingdom of Possibilities,’ showcased local start-ups, incubators, venture capital firms, founders, and investors through panel discussions that explored the hurdles encountered by start-up businesses in Cambodia.…
In a move to streamline trade processes and enhance the convenience of acquiring trade licenses and certificates, the Ministry of Commerce (MoC) of Cambodia is broadening its payment platform to include more banking partners. The initiative aims to facilitate smoother transactions for businesses engaging in import and export activities within the Kingdom. Penn Sovicheat, the…
The British Embassy in Phnom Penh is set to enhance Cambodia’s visibility in the UK through a series of strategic initiatives aimed at fostering increased investment and strengthening trade relations between the two nations. During a ‘Breakfast Talk’ hosted by the British Chamber of Commerce in Cambodia, British Ambassador Dominic Williams detailed the embassy’s plan…
On Wednesday, a significant gathering unfolded in Phnom Penh as over 20 Indian companies specializing in the production and trade of dyes, dye intermediates, organic and inorganic chemicals, agrochemicals, specialty chemicals, and cosmetics convened with Cambodian businesses to discuss potential collaborations. This meeting, spearheaded by the Basic Chemicals, Cosmetics & Dyes Export Promotion Council (Chemexcil),…
In a recent move aimed at bolstering the economic landscape of the ASEAN bloc, the Secretary General of ASEAN, Kao Kim Hourn, has unveiled plans to widen trade avenues and draw in greater investment flows into the region. This strategic vision was discussed during a visit to the Deputy Prime Minister and First Vice President…
The Cambodia Oknha Association (COA) and the Embassy of India in Cambodia have recently engaged in productive discussions aimed at bolstering trade and investment links between the two nations. These deliberations took place at the Indian Embassy in Phnom Penh, with COA Secretary General Hun Lak and Indian Ambassador Devyani Khobragade leading the discussions. The…
