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The diplomatic relations between the Kingdom of Cambodia and Cuba, established on April 15, 1960, have weathered the test of time, standing resilient through the ebb and flow of global politics and upheavals. This enduring partnership, a legacy of Fidel Castro and King Norodom Sihanouk, has blossomed into a multi-faceted relationship that spans healthcare, education,…
In the final quarter of 2023, Cambodia’s insurance market demonstrated resilience, with a slight adjustment in premiums, reporting a total of $77.8 million, a marginal decrease of 0.07 percent from the previous year’s corresponding period. The Insurance Regulator of Cambodia (IRC) provided these insights, highlighting nuanced shifts across various insurance categories. General insurance saw a…
VINCI Airports, the French entity engaged in the development of Cambodia’s aviation infrastructure, has earmarked 2026 as the completion year for the terminal expansion at Sihanoukville International Airport, identifiable by its IATA code ‘KOS’. This announcement was made by Emmanuel Menanteau, the Regional Director of VINCI Airports, during a meeting with Sun Chanthol, the Deputy…
Emart24, the South Korean convenience store chain, has announced plans to open its inaugural outlet in Cambodia come June, marking a significant step in its international growth efforts. This move, initially hinted at by the Khmer Times for the first half of 2024, signifies the brand’s ambitious strategy to solidify its presence in Southeast Asia.…
The unveiling of the HONOR Magic V2 5G foldable smartphone took center stage at a grand event hosted at Morgan Tower in Phnom Penh, capturing the attention of attendees with its innovative design and advanced features. HONOR introduces this device as the world’s most lightweight inward-folding smartphone, setting a new standard in the realm of…
In a notable development within the labor sector, Cambodia is actively exploring opportunities for its migrant workforce in Israel. This initiative is part of a broader strategy to diversify the destinations for Cambodian overseas workers. Israel, known for its reliance on migrant labor to bolster its economy, emerges as a potential new partner in this…
Cambodia’s Online Business Registration System (OBRS) has achieved a significant milestone, with the total capital of registered businesses surpassing $10 billion as of January 22, 2024. This remarkable achievement is a testament to the nation’s commitment to streamlining and formalizing its business landscape, with OBRS playing a pivotal role in this transformation. The OBRS initiative…
In the contemporary global landscape, the intersection of economics and politics has become undeniable. Economic security is, in many ways, national security, and a nation’s economic performance significantly influences the legitimacy of its government. Against this backdrop, Cambodia, as a small and open economy, has strategically embraced open and inclusive regionalism and international economic integration…
In a significant development, a state-of-the-art cross-docking and cold storage facility was inaugurated at the Phnom Penh Autonomous Port (PPAP) in Kandal province. This inauguration marks a significant milestone in enhancing cold storage standards and boosting container throughput, signaling positive implications for Cambodia’s logistics and port services. Let’s delve into the details of this groundbreaking…
In a significant milestone for Cambodia’s financial landscape, the state-owned Credit Guarantee Corporation of Cambodia (CGCC) has earned a prestigious khAAA rating from the Rating Agency of Cambodia (RAC). This achievement comes on the heels of CGCC’s accreditation by the Securities and Exchange Regulator of Cambodia (SERC), marking it as the nation’s first institution dedicated…
The Credit Guarantee Corporation of Cambodia (CGCC) has been instrumental in driving economic growth by infusing credit guarantees totaling an impressive $164.7 million into the Cambodian business landscape as of December 2023. This significant financial support has reached 1,928 enterprises across the country, breathing new life into large corporations, micro-enterprises, and small businesses alike. The…
Telcotech Ltd, a leading provider of Fiber Optics Infrastructure and submarine networks and a subsidiary of the Royal Group, marked a significant milestone by listing its second $20 million bond on the Cambodia Securities Exchange (CSX) last Friday. The corporate bond, aptly named the “Telcotech Public Bond,” comes with the backing of the Credit Guarantee…
In recent years, the snack food market in Cambodia has experienced significant growth, reflecting changing consumer habits and economic development. As of 2024, the revenue in Cambodia’s snack food market amounts to an impressive US$305.40 million, indicating a strong and expanding sector. Rapid Growth and Future Projections The Cambodian snack food market is not just…
