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The insurance sector in Cambodia, with a current penetration rate of 1.14 percent, stands at a crossroads of significant growth potential and notable challenges, according to Bou Chanphirou, the Insurance Regulator of Cambodia’s (IRC) Director General. The penetration rate, which reflects the ratio of total insurance premiums to the national Gross Domestic Product (GDP), reached…
Glamping, a luxurious take on traditional camping that integrates the allure of the outdoors with the comfort of modern amenities, is making significant strides in Cambodia, particularly with a focus on sustainability. This trend offers a unique blend of nature and luxury, appealing to those who seek the serenity of the natural world without sacrificing…
Cambodia stands as a model of resilience and growth, a nation that has steadily emerged as an attractive destination for investors with an eye on Small and Medium-sized Enterprises (SMEs) and agriculture. At the core of Cambodia’s unique investment appeal are its communes and villages, integral components of the country’s administrative framework that offer a…
Minebea Cambodia, a branch of the global conglomerate Minebea Mitsumi Inc., is set to broaden its footprint in Cambodia with the introduction of a new special economic zone aimed at enhancing its production network within the country. This strategic initiative was unveiled by KAINUMA Yoshihisa, Director General of Minebea Cambodia, during a detailed discussion with…
On February 21, 2024, a significant meeting took place between His Excellency KE Sovann, the Under-Secretary of State of the Ministry of Foreign Affairs and International Cooperation of Cambodia, and His Excellency Frank A. Rose, the Principal Deputy Administrator of the National Nuclear Security Administration and Deputy Under Secretary for Nuclear Security at the US…
The Credit Guarantee Corporation of Cambodia Plc (CGCC) has extended vital support to the business community, offering credit guarantees to 1,977 enterprises, amounting to $170.15 million by the end of January, in an effort to bolster micro, small, and medium-sized enterprises (MSMEs) affected by the Covid-19 pandemic. As detailed in a recent update, the total…
The Phnom Penh Water Supply Authority (PWSA), a state-owned entity, has announced a notable increase in its annual profits for the year 2023. The details, disclosed in the company’s recent financial statements to the Cambodian Securities Exchange (CSX), highlight a significant upward trend in the utility’s financial performance. For the year ending December 31, 2023,…
In a significant development for Cambodian connectivity, Metfone, under Viettel Cambodia, has successfully extended its mobile network to cover 98% of the country’s populace. This milestone was revealed during the 15th-anniversary celebration of Metfone’s services, dubbed ‘The Met’s Sonata,’ which highlighted the company’s widespread impact across Cambodia. The event was graced by the presence of…
Phnom Penh has recently seen the inauguration of two electric vehicle (EV) showrooms by BYD Cambodia and Harmony Auto. These showrooms, located in City Mall and Chip Mong Mall 271, aim to reduce the reliance on fuel-powered vehicles, which are known for their high carbon emissions, while also generating numerous employment opportunities for the local…
The Thomith Show, a platform celebrated for its engaging and thought-provoking conversations, is set to captivate audiences once again with its much-anticipated Season 4. Known for its unique blend of passion, knowledge, and courage, the show continues to spotlight not only the luminaries in various fields but also the unsung heroes who contribute significantly to…
The Cambodia University of Technology and Science (CamTech) in Phnom Penh recently hosted a workshop on 15th February, focusing on the relationship between mental health and the social and solidarity economy (SSE) in the context of Cambodia’s urban development. The Dissemination Workshop showcased the groundbreaking research of distinguished academics Dr. Ret Thearom and Dr. Chea…
The insurance sector in Cambodia saw a significant growth in 2023, with the gross premiums reaching $342 million, marking a 20 percent increase from the previous year’s $331.8 million. This data was released by the Insurance Regulator of Cambodia (IRC), highlighting the upward trajectory of the industry within the nation. Cambodia’s insurance landscape is comprised…
Cambodia is on a path to significantly expand its job market, aiming to create approximately 10.2 million employment opportunities by 2026. With an annual employment growth rate of 2.5%, the country expects to provide jobs for an additional 235,000 individuals each year. This optimistic forecast is supported by the Labour Market Newsletter published by the…
