Afraid Of Potential EU Tariffs, Exporters And Millers Buy Less Rice
Local rice exporter and millers will buy significantly less paddy rice this year as they await the European Union’s final decision on whether or...
Despite Challenges, Exports Grow By 4 Percent
Trade with foreign partners decelerated in 2018, with exports growing by just 4 percent, compared to 19 percent last year.
The year presented a number...
‘The Time For Digitalisation Is Now,’ Experts Tell Local Firms
With the government aiming to turn Cambodia into a predominantly digital economy by 2023, micro, small and medium-sized enterprises (MSMEs) must strive to digitalise...
Digital Economy Takes Centre Stage
Konrad-Adenauer-Stiftung (KAS) Cambodia yesterday launched its latest publication, a compendium of articles by local and international authors that describes Cambodia’s evolution in the last...
Retail Investors On CSX Up 126 Percent
The number of retail investors on the Cambodia Securities Exchange (CSX) has more than doubled in 2018 after years of sluggish growth, the stock...
Kampong Speu’s Palm Sugar To Earn GI Label In Upcoming Months
Kampong Speu province’s palm sugar will be recognised as a geographical indication (GI) in the European Union early next year, an official from the...
Throwing Sand In One’s Own Rice Bowl
A year ago, the European Union offered Cambodia the option of using a unique Harmonised Systems Code (HS Code) for its Jasmine fragrant rice...
A Slowdown In US Could Hurt Cambodia’s Exports
Investors in Southeast Asia are bracing for the potential impact of a recession in the US even as the world’s largest economy nears its...
Income Level Target Too Ambitious: WB
The World Bank yesterday advised Cambodian policymakers to allow more time for the country to become an upper-middle income economy, asking the government to...
Cambodia Wants Bulk Agro Negotiation With China
Cambodia urged China to consider a package deal in negotiations on sensitive sanitary and phytosanitary issues regarding exports of agricultural products to Beijing, said...
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...
Port Of Sihanoukville Poised For Double Digit Growth
In the bay of Kompong Som of the Cambodian coast facing the Gulf of Thailand, sits state-owned Sihanoukville Autonomous Port (PAS), biding its time...
Outbound Tourism Rose 30 Percent During Water Festival
Cambodian outbound tourism saw a 30 percent rise during this year’s three-day Water Festival, while long haul destination tour packages to Europe, Australia, US,...
Budget To Increase By 11.4 pct
The National Assembly yesterday unanimously approved the national budget for 2019, which will be 11.4 percent higher than this year’s, amounting to $6.7 billion.
According...
Shift To Circular Economy Needed To Tackle Waste Woes
In the face of mounting pressure from the increasing speed of waste generation, Cambodia should begin a transition towards a non-waste, circular economy as...
Corporations Urged To Adopt Good Governance
Commercial firms should adopt codes of good governance to bring integrity and success to their businesses, a key insider said at the ‘Case Study...
Register Now Or Miss Out On Tax breaks, Ministry Says
Government officials and private sector leaders on Friday reiterated their calls for all small and medium-sized enterprises to join the regulatory fold.
Public officials and...
EBA Removal Won’t Affect Development Projects: EU
The potential cancellation of the Everything-but-arms (EBA) scheme will not have an impact on development projects in Cambodia funded by the European Union, according...
Cambodia Shielded By EBA As US-China Trade War Escalates, Moody’s Says
Moody’s Investors Service Inc said Cambodia is among East Asian countries that could benefit from the relocation and investment by firms looking to reduce...
Amid Warm Relations, Exports To Japan Soar
With trade and political ties between the governments strengthening, Cambodian exports to Japan rose sharply in the first nine months of the year.
Trade between...
Experts Call For More Export Training For Farmers And SMEs
Boosting agricultural exports to China can only be done by improving sanitary and phyto-sanitary standards among local farmers and firms, experts concurred yesterday during...
Cambodia Joins Global Real Estate Map
Cambodia is now officially featured in the map of the National Association of Realtors (NAR) after having joined the United States-based organisation last year.
Headquartered...
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...
Forum To Shine A Light On Food Safety
A new conference to be held in Phnom Penh next month aims to raise public awareness on food safety and raise quality standards across...
Central Bank Explains Its Yuan Promotion Policy
A representative of the National Bank of Cambodia yesterday clarified the Central Bank’s policy toward the Chinese yuan, saying that its use is only...
Kampong Chhnang To Host Next River Festival
Kampong Chhnang province will host the fifth iteration of the River Festival, which will take place during three days in March.
The event will feature...
Government Bonds To Enter Market By 2022
The government on Friday reiterated its intention of issuing sovereign bonds, and said they will become available to investors in the next four to...
Japanese Firm Seeks Cambodian Rice Supplier
A Japanese firm is now scouring Cambodia for suppliers of fragrant rice, which it intends to ship home, where demand for Cambodian rice is...
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...
Milestone Solar Deal Reached
Shanghai-based Jinko Solar, one of the world’s leading solar module manufacturers, will participate in the construction of what will become the Kingdom’s largest solar...
Startup Report Sneak Preview Unveiled At Tech Summit
A sneak preview of the upcoming Cambodia Startup Report by Raintree and Mekong Strategic Partners indicates that a larger number of local high-net-worth individuals...
Tax Collection Up 17.5 Percent
The General Department of Taxation collected $1.69 billion in tax revenue during the first nine months of the year, an increase of more than...
Cambodia, Thailand Single Visa
Cambodia and Thailand have agreed to promote the use of single visa for foreign tourists, particularly among those traveling within the Ayeyawady-Chao Phraya-Mekong Economic...
FAO-backed Agricultural Sector Survey Kicks Off
The Ministry of Planning in collaboration with the Ministry of Agriculture, Forestry, and Fisheries will start conducting data surveys on the agriculture and fishery...
Food And Utilities Pushed Up Inflation In June Says Report
According to latest data from the National Bank of Cambodia (NBC), the country’s Consumer Price Index (CPI) stood at 2.34 in June last year...
Banks, Insurance Companies Must List In Stock Exchange
Securities industry insiders urged the National Bank of Cambodia (NBC) and Securities and Exchange Commission of Cambodia (SECC) to push for more banks and...
Cambodia To Host AMAF In 2020
Cambodia will be the host country for the 41st meeting of the Asean Ministers on Agriculture and Forestry (AMAF) in 2020, according to a...
Malys Angkor Crowned World’s Best Rice
Cambodian premium fragrant rice, Malys Angkor, won the World’s Best Rice award – the fourth achievement it earned for Cambodia, after landing second in...
IMF Forecasts Continued Economic Growth In Mid-term
The International Monetary Fund (IMF) yesterday said Cambodia’s gross domestic product (GDP) will hover around 7.25 percent in the near term due to strong...
SME Parks To Drive Up Competitiveness: Gov’t
Construction of the country’s first ‘cluster zone’ for small and medium-sized enterprises (SMEs) will not start for another few months, but the government is...
Local Firms Urged To Join Thai Trade Shows
The Thailand Convention & Exhibition Bureau (TCEB) on Thursday held a conference in Phnom Penh as part of its Asean+6 programme to promote Thai...
New Tech Centre To Prepare Youth For Industry 4.0
As part of plans to adapt to technological trends, the government announced last week the construction of a centre inside one of the nation’s...
Ticket Revenue At Angkor Soars To More Than $85 Million
The government earned $85.5 million in revenue from the sale of tickets at the Angkor Archaeological Park during the first nine months of the...
US Companies Eye ‘Enormous’ Potential Of Local Agriculture
A group of leading US firms invited by the US Embassy is now in Phnom Penh exploring investment opportunities in Cambodia’s agriculture sector.
The group...
Chemical Analysis Systems To Increase Food Safety
Local produce can now be checked for pesticide residue using the technique known as chromatography–mass spectrometry (LC-MS) after the Ministry of Agriculture acquired LCMS...
Heifer, Khmer Organic To build Up Organic Agriculture
Heifer International Cambodia and Khmer Organic Cooperative last Friday signed a collaboration agreement that will give 35,000 smallholder farmers in 64 agricultural communities greater...
Cambodia Very Attractive To Belgium Firms
Investors and firms from Belgium have their eyes set on the kingdom due to its advantageous geographical location and investor-friendly policies, said representatives of...
Cambodia Among Fastest Growing Economies In Region: McKinsey
Cambodia has emerged as one of the four recent economic outperformers in the Southeast Asian region, according to analyst firm McKinsey & Company in...
Hospitality And F&B Exhibition Kicks Off
The sixth edition of the Camfood and Camhotel expos began yesterday in Phnom Penh with the aim of promoting the local cuisine and hospitality...
Nissan Motors Will Look At Electric Vehicles, Says Official
Cambodia could emerge as a key market for electric vehicles, given the high costs of fuel as well as the need for an environmental...
Cambodia, Vietnam to boost border trade
Cambodia and Vietnam have agreed to boost their bilateral trade figures to $5 billion with the acceleration of a border trade agreement following an...
Leading Solar Firm To Increase Investment In Cambodia
With one of the world’s highest average peak sun hours, Cambodia is an attractive market for any company operating in the thriving global solar...
SingMeng Acquires Digi Business, Reform Broadband And Digital Entertainment Market In...
Digi is announcing its operation merge with SingMeng Telemedia. The planned united operation will be from 1st October, 2018.
These two well-known providers are collaborating...
Cambodia Embarks On The Fourth Industrial Revolution
In today’s world, more countries are looking for innovative strategies to deal with the rising uncertainties they are facing. Asean, not cushioned from the...
Asean WEF Puts Spotlight On Industry 4.0 And The Young
At the Asean World Economic Forum (WEF), which kicked off in Hanoi yesterday, the emphasis was on the young, giving students and the general...
New Partnership To Advance Local Social Security System
The National Social Security Fund (NSSF) yesterday teamed up with a Philippine insurance provider to boost the quality of the local social security system.
Under...
Amru Rice Chosen For Asean Award
The Asean Business Advisory Council (Asean-BAC) has chosen Amru Rice Cambodia as the winner of the Golden Agrow Award.
The accolade recognises firms, businesses, entrepreneurs,...
Official: Silk Centre A Model Of Innovation In Development
This year’s celebrations for United Nations Day will be held at the silk research centre of the Royal University of Phnom Penh, with an...
Unesco-recognition For Cambodian Cities Still Faraway
There has been little progress so far in Cambodia’s bid to get three of its most scenic cities recognised by Unesco as world heritage...
Q&A: Anselm Chu, Managing Director & School Director, Singapore (Cambodia) International...
Singapore (Cambodia) International Academy (SCIA) is the first international school that offers a blend of authentic Singapore and Cambridge curriculum in Cambodia. SCIA is...
Cambodia, France Bolster Tourism Cooperation
Cambodia and France this week agreed to strengthen cooperation to boost the Kingdom’s tourism industry, and expressed the intention to draft and sign a...
GDT Asks Citizens To Report Corruption
The General Department of Taxation (GDT) on Monday encouraged citizens and firms to file complaints against officials who demand additional money when collecting tax...
Adapting To Industry 4.0 A Top priority: Ministry
Cambodia is prioritising the adoption of new technologies in manufacturing and encouraging investment in sectors that are undergoing rapid technological innovation, according to a...
Daun Penh Investment Among Funders Of Indian E-pharmacy
Indian online pharmacy Netmeds.com has secured $35 million in funding from one of the leading Southeast Asian business groups, Daun Penh Investment Holding, Singapore...
Chip Mong’s Latest Retail Project Breaks Ground
Construction work for a massive, $200-million shopping centre built by Chip Mong Retail, a subsidiary of local conglomerate Chip Mong, began yesterday.
Chip Mong 271...
Direct Air Link With Beijing Announced
The capital cities of Cambodia and China will be connected by a direct flight for the first time starting November, a representative of China’s...
Korean Bank Acquires Local Microfinance Firm
NH Nonghyup, a South Korean bank, was granted permission from the Cambodian central bank and the Department of Commerce to take over SAMIC, a...
E-commerce Site For Local Goods In The Making
The Royal Academy of Cambodia (RAC) is partnering up with e-commerce experts from Yunnan, in Southern China, to enhance online sales of Cambodian agricultural...
Hong Kong Firm And UNDP Sign Partnership In Cassava Sector
A new public-private partnership aims to improve the livelihoods of local cassava farmers by guaranteeing a market for their products through contract farming and...
FAO-led Project To Boost Meat Quality In The Kingdom
A new partnership with the Food and Agriculture Organisation of the United Nations seeks to enhance the quality of local meat by modernising facilities...
Marubeni Corporation Signals Interest In Water Infrastructure Projects
Marubeni Corporation, a major Japanese business conglomerate, has expressed its intention to invest in water and sanitation infrastructure in the Kingdom, according to a...
NBC Recruits Banks For QR Code System
A new QR code-based payment system, which is being developed in cooperation with Thailand, will launch next year, representatives of the central bank announced...
Central Bank Urges Businesses And NGOs To Participate In Data Collection
The government on Friday highlighted the need for greater access to data to further the country’s development, urging the private sector to participate in...
RDB To Request An Extra $50 Million To Beef Up Agriculture...
The Rural Development Bank (RDB), a state-own institution, plans to request an additional $50 million to beef up the government-led emergency fund for the...
Cassava Mosaic Virus Now Affecting At Least Five Provinces: Ministry
The cassava mosaic virus, a disease with the potential to devastate whole harvests, is now present in at least five provinces in the country,...
New Airport Car Park Opens Tomorrow
Starting tomorrow, all vehicles accessing Phnom Penh International Airport will be welcomed by a new hi-tech parking lot, which has been designed to ease...
Makro To Build Commercial Centre In Siem Reap
International cash and carry brand Makro will build a commercial centre in Siem Reap, following the approval of the investment by the Council for...
BRCM’s Latest Investment To Bolster Local Gaming Industry
Cambodia-based private equity firm Belt Road Capital Management (BRCM) announced the acquisition of a 40 percent stake in locally-owned Sabay Digital Corporation (Sabay).
The investment...
Hospitality, F&B Trade Fairs To Draw Leading Professionals
This year’s editions of the Camfood and Camhotel expos will attract leading local and international professionals from the hospitality and food & beverage industries...
Ministry Lauds Businesses For Cutting Down Plastic Bag Usage
The Ministry of Environment yesterday praised local supermarkets and shopping centres for reducing plastic bag usage following legislation passed last year that requires them...
Local Mango Planters Can Still Depend On EU Market: Exporter
Despite the failure to export to China and South Korea local planters can expect a boost in the exportation of fresh mangoes to the...
China Should Invest In Battambang Milling Plant
The Minister of Commerce Pan Sorasak urged a Hunan-based company to take advantage of the vast, untapped potential in the agricultural sector and to...
Trade With Japan Expands
Trade with Japan increased significantly during the first half of the year, with exports soaring 19 percent and imports growing by 9.5 percent, according...
ANU Archaeologist Releases Interactive Mobile App For Angkor Temples
Building on the success of the iBook “An Interactive Guide to Angkor” which was recently awarded the Pacific Asia Travel Association’s Gold Award for...
Palm Sugar GI Status In EU Hits A Glitch
The process of obtaining geographical indication (GI) status for Kampong Speu palm sugar in the European Union suffered a setback this week after a...
Application For Emergency Loans In Rice Sector Now Open: RBD
Rice millers in need of capital can now apply for government emergency loans, according to the Rural Development Bank (RBD), the institution in charge...
Sweden Funds Hospitality Sector In Cambodia
Last week the Embassy of Sweden signed an agreement with the Shift360 Foundation to provide funding to support the Academy of Culinary Arts Cambodia...
New organic markets open in Siem Reap and Kampong Thom
Under its Boosting Food Projection programme, the government has now successfully opened eight markets for chemical-free vegetables in eight provinces across the country.
Attending the...
NBC injects 238 bln riel into local banks through LPCO
The National Bank of Cambodia has disbursed more than 238 billion riel, about $58.5 million, in the first half of the year through its...
Cambodia, Thailand plan QR code-based payment system
Cambodia and Thailand are working on a new electronic payment system based in QR codes that will allow citizens of one country to shop...
Tiger Beer And WWF Celebrate The Global Tiger Day And...
Leveraging the universal language of fashion, Tiger Beer and WWF collaborate with fashion powerhouse KENZO and four emerging artists to create an exclusive collection...
RDB, World Bank Discuss $100-million Agricultural Diversification Plan
The Rural Development Bank (RDB) yesterday said it discussed with the World Bank the implementation of a $100-million, country-wide agricultural diversification programme designed to...
New Hybrid Corn Seed To Be Ready For Use Next Year
After four years of research, Cambodian scientists have created the country’s first variety of hybrid corn, with hopes running high it will boost food...
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...
Foreign Property Ownership in Cambodia – which is best for you?
For a relatively small city, Phnom Penh offers a broad selection of real estate options for foreigners looking to get into the market. From...
CFA Community To Elevate Local Investment Practices
The Chartered Financial Analyst (CFA) Community, an association that connects all CFA members in Cambodia, was officially launched on Friday.
Ratana Phurik-Callebaut, chairperson of the...
New Airport To Break Ground After Election
Construction of a new international airport in Siem Reap will start after the national election at the end of this month, according to a...
Loans and deposits see ‘solid’ growth: Central bank
In the first half 2018, the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks...
Korean Businesses Keen To Partner With Locals
A group of South Korean investors showed great interest in partnering up with local businesses at an event held this week to promote business...
Private equity could help struggling SMEs grow: CSX
Small and medium enterprises struggling to raise capital should consider private equity, said a senior official at the Cambodia Securities Exchange (CSX).
Hong Sok Hour,...
