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Cambodia Mid-Year Financial Report Card 2022
The mid-year financial results have started to be released by the various government ministries which provide an indicator of the economic recovery and business...
Cambodia 2022 Q1 Economic Report
With Q1 2022 wrapped, news on the various industries and economic sectors is being released by Ministries and local media. We review the data...
ADB Backs Strong Cambodian Economic Growth
The Asian Development Bank (ADP) expects Cambodia’s economy to grow by 5.3 per cent in 2022 and 6.5 per cent in 2023, it announced...
Cambodia’s Mobile Payments On The Rise
Cambodia has seen a continued sharp growth in mobile payments, buoyed by the impacts of the pandemic and increased use and development of fintech...
Wing Bank Partners With Scienaptic in Cambodia
Wing Bank has deployed Scienaptic’s AI-powered credit platform to use cutting-edge digital credit decisioning process to improve financial access in Cambodia they have confirmed.
Decisioning...
Bakong reaches nearly 8 million users
The Bakong digital currency, released by the National Bank of Cambodia (NBC), had approximately 270,000 users as of November 2021 but after partnering with...
Cambodian Property Opportunities Heading into 2022
A number of local media outlets have recently discussed the rebound of the Cambodian property market and opportunities heading into 2022, also on the...
PropertyGuru Asia Real Estate Summit announces details for 2021 virtual edition
PropertyGuru, Southeast Asia’s leading property technology company, has announced the second virtual edition of its technology and thought leadership platform, the PropertyGuru Asia Real...
World Bank Lowers Cambodia’s GDP 2021 Growth Forecast
The World Bank has lowered the economic forecast for Cambodia to 2.2 per cent for 2021. In April 2021 the organisation has anticipated a...
Kep and Koh Tonsay Tourism Developments 2021
The seaside town of Kep and the nearby rustic islands have long been popular weekend getaway destinations for those residing and holidaying in Cambodia....
Cambodia’s Expected 2021 GDP Lowered by ADB
The Asian Development Bank (ADB) has revised down the expected GDP for the Kingdom of Cambodia and expects the SEA nation to reach 1.9...
New Cambodian Digital Ventures Announced
The first week of September 2021 saw another slew of Cambodian digital ventures and partnerships announced. It seems like a week doesn't go by...
Cambodia’s Revenue and Growth Forecasts 2021
The latest data for Cambodia, suggests the Cambodian government expects to earn tax and customs income of at least $5 billion by the end...
Cambodia e-Business Registration Exemptions
The Cambodian Ministry of Commerce confirmed in July 2021 that six types of e-commerce businesses are exempt from registration requirements.
The Cambodian Government has launched...
Cambodian Transportation & Logistics
This section provides an overview of the transportation and logistics sector in Cambodia, and the range of freight services and equipment currently available.
Cambodia’s Digital Economic Plans
Between 2020-2021, the Cambodian Government has launched a number of digital economic initiatives, online platforms and its official digital plan for the Kingdoms' economic...
What is Cambodia’s Financial Outkook in 2021?
The financial outlook for Cambodia is constantly being evaluated due to the impact of the COVID-19 pandemic. We review the latest reports on the...
Cambodia’s Major Industries
Cambodia’s key industries (garments, light manufacturing, tourism, agriculture), the future outlook and the impact of Special Economic Zones.
World Bank predicts Cambodia’s ecomony to grow by 4 per cent in 2021
The Restrained Recovery report, World Bank’s latest economic update for Cambodia, was published today and projects the Kingdom's economy to contract by 2 per...
IMF predicts Cambodia will be fastest growing ASEAN economy by 2025
The International Monetary Fund (IMF) has projected that Cambodia will be the fastest growing economy in ASEAN by 2025, and even the third-fastest growing...
Cambodia looks to expand its railways network
The railway network in Cambodia is relatively limited, with the lines running north and south catering for cargo and passengers. However, in recent years,...
World Bank forecasts Cambodia’s 2020 growth to be -2.0 per cent
The World Bank has revised its 2020 growth forecast for Cambodia to -2.0 per cent, as the Kingdom faces key COVID-19 economic struggles.
The World...
Fintech in Cambodia 2020
Fintech companies are arguably the among best prepared for the current COVID-19 pandemic in 2020. With the shift to "remote working" or working from...
Kampot tourism seaport to open in 2020
The new Kampot tourism seaport, which is currently under construction and about 30% complete, should be finished by mid-2020 according to the Kampot provincial...
NGO’s in Cambodia
Cambodia is home to more than 3,000 NGOs. Significant opportunities exist for businesses who are able to work hand-in-hand with NGOs to further their goals.
GDP Growth Dominated By traditional Sectors In 2019, ADB says
Despite a slower-than-anticipated rise in agricultural production, Cambodia’s economy is expected to grow at 7 percent this year on the back of strong growth...
Cambodia An Ideal Destination For Hotel Investment: Experts
A trio of experts from the economic and real estate sectors said tourism growth and several other factors make Cambodia one of the best...
ADB Approves $60 Million Loan For Skills Training
Asian Development Bank yesterday approved a $60 million loan to Cambodia to boost labor skills and competitiveness and help the government’s efforts to transit...
Cashless Payments Booming – Visa Report
Visa Inc, a global leader in digital payments, says Cambodia will see a dramatic increase in cashless transactions in the next seven years.
In its...
Cambodia Underinvesting In Agriculture Research, ADB says
The Asian Development Bank (ADB) said that Cambodia is underinvesting in agricultural research which may impede the development of the sector.
In a report published...
Companies Bid For 60 MW Solar Park Project
Twenty-six companies have bid to develop a 60-megawatt solar park in Kampong Chhnang province, according to an official from the Ministry of Mines and...
ADB Approves $7.6 Million Loan For Solar
In a bid to promote the development of renewable energies in the Kingdom, the Asian Development Bank (ADB) on Friday approved a $7.64-million loan...
Economy To Grow At 7 Percent This Year: ADB
Cambodia’s economy is projected to grow at 7 percent this year and will slow down slightly in 2020 following a deceleration of economic growth...
Cambodia Has Repaid 8 Percent Of Its Debt: Report
From 1993 to 2018, the government repaid $1.3 billion of its debt to development partners, roughly 8 percent of the country’s external debt, according...
Kampot Seaport To Become ‘Main Gateway’ To Region
With a quarter of construction work already completed, the new port in Kampot province will become the country’s main gateway to tourism destinations in...
ADB Project To Bolster Agriculture Industry
With most local agricultural exports consisting of raw materials, the Asian Development Bank (ADB) is now designing a multimillion project to increase the value...
Public Bidding Opens For 60-megawatt Solar Project
With the Kingdom aiming to increase its energy output, the government is calling on private firms to enter the bidding process for the construction...
Cambodia Can Achieve SDGs, But Deep Fiscal Reform Needed: ADB Report
Cambodia has a good chance of achieving its social protection agenda under the Sustainable Development Goals (SDGs) but will need to balance different social...
Cambodia Real Estate Market in 2019
Cambodia continues to be in the Top 10 Fastest Growing Countries in the World trending at an average growth rate of 7% in...
Logistics Centre Planned For Capital
Aiming to reduce freight costs in the country, the Ministry of Public Works And Transport is considering building a logistics centre in Phnom Penh...
Cambodia, ADB Discuss $30m Loan
The Ministry of Tourism has begun discussions with the Asian Development Bank (ADB) over a $30-million loan to fund infrastructure in coastal provinces that...
Withdrawal Of EBA Could Spark Rating Downgrade, Experts Say
The cancellation of the Everything But Arms (EBA) scheme would severely affect trade, investor sentiment, and the overall economy followed by a possible sovereign...
Prep For Digital Revolution Must Start Now, ADB Official Says
The government should start refashioning its institutions and policies as soon as possible to adapt to the fourth industrial revolution (4IR), which is already...
ADB Signs $250 Million Loan Deal
Cambodia and the Asian Development Bank (ADB) yesterday signed a new loan agreement for $250 million to finance projects in key development areas, according...
ADB-backed Solar Park To Be Ready In November
The results of a feasibility study on a 100-megawatt solar park conducted by the Asian Development Bank (ADB) will be available in November, just...
Next Asean Meeting On Tourism Qualifications To Be Held In Cambodia
The second edition of a conference on the mutual recognition of professionals in the tourism industry across Asean member states will take place in...
Climate Change To Slash Cambodia’s Productivity: Report
Even if current levels of spending on climate change adaptation are maintained, rising temperatures in the Kingdom will continue to impact economic performance, reducing...
ADB’s Assistance To Cambodia Nears 2.9 Bln
The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s...
Economic Outlook Bright: ADB
The country’s economy outlook for 2018 is marked by robust export growth, strong foreign investment, sustained growth in the number of tourist arrivals, and...
Cambodia Thanks Australia For Agriculture Support
Cambodia reiterated the important role Australia plays in the development of its agriculture sector and urged leaders of the Commonwealth nation to support the...
Industrial Diversification Key For Growth, Experts Say
To maintain its current level of economic growth, Cambodia must climb up the regional value chain, expanding beyond garments and into more advanced, technology...
US Firm Pitches Massive Solar Project
US-based Omni Navitas pitched a project to the government for a $500 million solar power plant that will be built through a joint venture...
Economy To Grow At 6.9 Percent In 2018, NBC
The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance...
Solar Power Takes The Spotlight
In a bid to further electrify the country and reach households in remote areas, Cambodia is encouraging local and international companies to undertake projects...
ADB Continues To Support Disaster Management
In order to aid the inclusive and sustainable development of the country, the Asian Development Bank (ADB) will continue to support Cambodia in improving...
Cambodian Schools To Teach Financial Literacy
Financial literacy as a school subject to increase students’ knowledge about money will be introduced nationwide through the first phase of the Cambodian School...
$64 Billion Greater Mekong Subregion Action Plan
Cambodia as a member of the six-nation Greater Mekong Sub-region (GMS) endorsed a five-year action plan framework that includes $64 billion in projects to...
Region Backs Safe Food Strategy
Agriculture ministers in the Greater Mekong Subregion (GMS) on Friday endorsed a five-year strategy and action plan to build a region-wide food safety system. The...
Regional Eco-friendly Agriculture Policy Plan
Agriculture leaders from the Great Mekong Subregion are working to boost countries’ focus on safe and environmentally friendly agriculture value chains with an aim...
Paperless Trade On The Horizon
Cambodia yesterday signed the framework agreement on the Facilitation of Cross-border Paperless Trade in Asia and the Pacific, which aims to strengthen digital trade...
Solar Power Set To Shine In Bavet
Cambodia’s first large-scale solar power project is still in the trial testing stage, but is expected to be fully operational at the end of...
Information Centre Launched For SMEs
The Young Entrepreneurs Association of Cambodia (YEAC) in partnership with the Cambodia Women Entrepreneurs Association, Cambodia Chamber of Commerce and Mekong Business Initiative yesterday...
Tariff Relief To Draw In 100 New Shoe Factories
The president of the Garment Manufacturers Association of Cambodia (GMAC) expects that the country can attract about 100 new footwear factories if it gets tariff relief...
Heritage Tours To Be Packaged In Cambodia
Cambodia is to create a heritage tourism package after Kampong Thom’s Prei Kuk Temple was listed by UNESCO as a World Heritage Site.
The archaeological...
ADB: Cambodia’s Prospects Are Robust
Economic growth in Cambodia along with its other Asean neighbours is expected to accelerate further with the kingdom’s current account deficit narrowing, according to...
Future Bright For Solar Energy In Kep
The Ministry of Environment has announced its support for a new 10-megawatt solar power development project in Kep province to be spearheaded by the...
Over $1bn Invested In Local Infrastructure
Cambodia has invested more than $1 billion on infrastructure, especially transport, a senior official at the Ministry of Economy and Finance says.
The figure represents...
Exports Up In First Quarter
Exports are up 12% in the first quarter of 2017 compared with the same period last year, thanks to the improved economic performance in countries...
ADB To Fund Solar Park Project
Cambodians will soon have access to more affordable power if the agreement signed on Monday between Electricite Du Cambodge (EDC) and the Asian Development...
RCEP To Help Open Up Markets For Cambodia
The Regional Comprehensive Economic Partnership (RCEP) has the potential to deliver significant business opportunities for Cambodia, given that the 16 RCEP participating countries contribute...
Rules Coming Soon For Cambodia’s FinTech Industry
The National Bank of Cambodia and the private sector are holding talks to determine inputs for regulation of financial technology, or FinTech.
Bank director-general Chea...
Cambodia To Maintain Its Rapid Growth, Finds UN Report
Cambodia’s economic growth is forecast to continue at a healthy seven percent for 2017-2018, according to a United Nations report released yesterday.
Strong exports by...
Construction Set To Start On Kampot Tourism Seaport
Construction of the first seaport for tourist vessels in Kampot province is due to start in September.
Provincial tourism department director Soy Sinol said a...
Aeon Plans Grocery Store Chain Across Cambodia
The Japanese retailer behind Phnom Penh’s biggest shopping mall is to open 30 grocery stores to cater to the country’s growing middle classes.
Aeon...
ADB Gets Behind Solar Project In Svay Rieng Province
The Asian Development Bank (ADB) has financially backed a project from Singapore's Sunseap Group to build Cambodia’s first large-scale solar power project under a...
Cambodia’s Total Borrowing Since 1993 Grows To $8.3 Billion
The government signed concessional loan agreements with development partners – both bilateral and multilateral – amounting to about $8.3 billion from 1993 to the...
NBC Strives For Financial Inclusion Through Technology
The role of technology in promoting financial inclusion will be the theme of the National Bank of Cambodia’s (NBC) Fourth Annual Macroeconomic Conference in...
Cambodian Economic Growth Nudges Ahead Of Predictions
Cambodia’s gross domestic product is expected to increase by 7.1 percent in 2017 and 2018, slightly higher than the estimate of 7.0 percent last...
Tourism Startups To Be Boosted By New Regional Platform
A new platform called the Mekong Innovative Startup Tourism (MIST), aimed at developing tourism sector startups across the CLMV region (Cambodia, Laos, Myanmar and...
Cambodia Construction Booming Amidst Warning Of Credit Bubble
Construction projects approved by Cambodia’s Ministry of Land Management, Urban Planning & Construction increased substantially in overall value during 2016 compared to the previous...
Cambodia Looks To Boost Infrastructure With AIIB Loan
The government is looking to address the current need for infrastructure development in Cambodia through the application of a loan next year from the...
Business Lunch: ICT and EBusiness in Cambodia
BritCham, in collaboration with EuroCham, bring you a comprehensive look at the current ICT sector in Cambodia and where it is heading in 2017....
E-commerce In Cambodia: Highlights Of The Year
E-commerce is set to flourish in the Kingdom, with several local online shopping sites such as Glad Market, Shop168 and MALL855 gaining popularity. Worldbridge...
Cambodia’s Financial Sector Assisted By ADB Loan
Cambodia’s financial sector was given a boost on Friday following the approval of a $40 million loan and a $600,000 technical assistance grant by...
Cambodia Receives $1B In Loans From ADB
The Asian Development Bank (ADB) has pledged more than $1 billion in new loans to Cambodia, to be used over the next three years...
A Look At Knight Frank’s Latest Property Report With Sofia Perez
International real estate giant Knight Frank recently released its biannual economic snapshot of Cambodia’s property market. Titled Cambodia Real Estate Highlights 1st Half 2016,...
Growing Interest For Part Time Jobs In Cambodia, Everjobs
Everjobs Cambodia, the fastest growing online career portal in the Kingdom has recently launched the latest edition of its Career Report, an in-depth quarterly...
Second Wave Of Angels To Invest In Most Promising Startups
Fourteen angel investors—members of the Mekong Angel Investment Network (MAIN)—will visit the capital early next month looking for promising startup companies to invest on.
Seven...
E-commerce In Cambodia As Seen By BritCham’s Olivia Widen
The British Chamber of Commerce in Cambodia (BritCham) started last year an eBusiness Working Group to address the topic of e-commerce in the Kingdom....
Bolstering Cambodia’s Customs Administration
An efficient customs administration is essential to the development and economic welfare of nations. It increases the revenue collected by the government, and protects...
Angel Investor Program To Foster Local Startup Culture
As part of a new investment initiative established by the Asian Development Bank (ADB), seven angel investors descended on Phnom Penh last Friday to meet...
Resolving Business Disputes In The Kingdom
Cambodia’s National Commercial Arbitration Centre was launched in March 2013 as a way to resolve commercial conflicts outside of the Kingdom’s court system. The...
E-commerce, The Kingdom Goes Digital
E-commerce is gaining ground in the Kingdom, with new e-business companies setting themselves up every month. The pervasiveness of social media sites such as...
Shipping Your Cargo To And From Cambodia
As ASEAN Economic Community (AEC) integration proceeds, the Kingdom’s trade with the rest of Asia, Europe and North America continues to grow at a...
Cambodia And The Budding CSR Movement
In Cambodia — particularly, in Phnom Penh — a concept has been gaining momentum throughout the last decade, that not long ago might have...
First Cambodia Property Awards This Year
With less than three months to go before the debut gala dinner and awards presentation ceremony, anticipation is already building for the first-ever Cambodia...
AGAMA And The Cambodian Investment Scene
Foreign investment plays an essential role in Cambodia’s small but growing economy. According to the Asian Development Bank, Foreign Direct Investment (FDI) was worth...
Economy To Grow By 7.2% In 2013
Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United...
Cambodia Launches Arbitration Body
Cambodia officially launched the long-awaited National Arbitration Center (NAC) on Monday, aiming at enhancing business environment and attracting more local and foreign investors.
Speaking at...
