National Assembly Approves Draft Oil Management Law
The National Assembly yesterday approved the latest draft of the Law on Oil and Oil Production Management, a piece of legislation that has been...
Siemens To Expand Investment
Siemens on Friday pledged to expand its investment in Cambodia as a result of the country’s impressive economic growth.
Armin Bruck, CEO at Siemens Singapore,...
Japanese Companies To Begin Mineral Extraction In Northeast
The Japan Oil, Gas and Metals National Corporation (Jogmec) on Tuesday announced plans to exploit copper and zinc deposits in Stung Treng province, in...
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...
GDT Urges Suppliers To Secure Licences
In a bid to enhance tax revenue, the General Department of Taxation (GDT) yesterday called on all goods and services suppliers in the country...
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...
Korean Firm Unveils Energy Project
South Korean firm SK E&S Co., Ltd this week unveiled a project to build a liquefied natural gas (LNG) plant in Cambodia.
The company, an...
Korea To Support Coffee Production In Northeast
The Korean International Cooperation Agency (Koica) last week unveiled a project to boost coffee production in Mondulkiri province, in the country’s northeast.
The agency said...
Salt Yields Hampered By Labour Shortages
The Ministry of Industry and Handicrafts is holdings discussions with other ministries to find solutions to some of the challenges salt production faces in...
Ministry Encourages Planting Of Japonica Rice
The Ministry of Agriculture is encouraging companies and farmers to begin planting Japonica rice after a series of tests show it can be grown...
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...
Solar must be prioritised over hydropower – association
With the country currently struggling with its power supply, Cambodia must prioritise the development of solar energy facilities over hydropower dams, the Solar Energy...
Local Pork Prices Rise Following Vietnam Import Ban
Pork prices have surged since Vietnam, the Kingdom’s biggest supplier for the meat, reported an outbreak of African Swine Fever (ASF).
Following a ban on...
Plans To Export Longan To Thailand Well Under Way
Cambodia hopes to start exporting longan to Thailand in the near future, with the two countries planning to sign an agreement on phytosanitary requirements.
Longan...
Battambang Oranges Next In line For GI
Oranges from Battambang and Pursat may become the next product to be awarded geographical indication (GI) status in Cambodia, with the Minister of Commerce...
Kampot Pepper Production To Reach 90 Tonnes
Production of renowned Kampot pepper, one of Cambodia’s only two products to be registered as a Geographical Indication in the European Union, will increase...
Palm Sugar Association To Expand Supply Chain
The Kampong Speu Palm Sugar Promotion Association on Monday announced that it is planning to add four new communes to its supply chain.
The decision...
Cambodia Grew 7.5 Pct In 2018: World Bank
The Cambodian economy expanded by 7.5 percent last year, according to the World Bank’s Cambodia Economic Update, released on Monday.
This better-than-expected growth was driven...
Cambodia Asked To Join WEF Digital Growth Project
The World Economic Forum has requested Cambodia’s participation in an Asean-wide programme to promote digital development and electronic payments.
During a meeting Tuesday with Pan...
Rubber Production Up 32 Percent
Rubber production increased by 32 percent in the first quarter of the year, with most of it shipped abroad, according to the latest official...
National Economy To Slow To 7 pct: WB
Cambodia’s economy will continue to experience robust growth, but will expand at a slower pace than last year due to weaker external demand, the...
Confirel To Sell Salt To French Brand
Local firm Confirel will sell 100 tonnes of organic salt products to France-based Le Guerandais.
Confirel says the order will boost recognition of Cambodian salt...
More Than $120 Million Raised At CSX
Since its creation in 2012, listed companies have raised more than $120 million at the Cambodia Securities Exchange (CSX), making the local bourse a...
Ministers Approve Draft Petroleum Law
The Council of Ministers on Friday approved a draft of the Law on Petroleum and Petroleum Production Management which aims to manage Cambodia’s oil...
Kampong Speu Palm Sugar Earns PGI Status In Europe
Kampong Speu province’s palm sugar this week was awarded geographical indication status in the European Union.
The European Commission on Tuesday announced that Kampong Speu...
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...
Government To Drop VAT On Agricultural Exports
Local firms will no longer be charged value-added tax (VAT) on exports of agricultural goods, Prime Minister Hun Sen announced Friday.
The premier said dropping...
Commerce Minister Pitches For More US Investments
Minister of Commerce Pan Sorasak is urging more American companies to follow in the footsteps of Coca Cola Company and invest in Cambodia.
Mr Sorasak...
Sela Pepper Eyes New Markets In Asia And Europe
With Cambodian pepper gaining popularity across the globe, Sela Pepper, the largest local exporter, is planning a considerable increase in international shipments in the...
EU Funding For Fisheries Programme Confirmed
On Monday, European Union ambassador George Edgar confirmed funding for a $98 million project to support the local fisheries sector from 2019 to 2023.
During...
USAID Kicks Off Women Empowerment Project
The United States Agency for International Development (USAID) yesterday launched ‘Women Entrepreneurs Act’, or ‘WE Act’, a project to empower young women in Cambodia’s...
Self-improvement A Must To Compete Abroad, Minister Tells Agriculture Firms
Local players in agribusiness must strive to become more efficient and productive while also upping the quality and safety standards of their products, Minister...
Japanese Companies Expand Operations In Cambodia
Two of the largest Japanese firms with operations in the Kingdom are planning to build new facilities at Phnom Penh Special Economic Zone (PPSEZ).
Nippon...
Public-Private Sector Forum To Be Held This Month
Business leaders will have a chance this month to discuss with public officials the most relevant issues affecting the sector at the Public-Private Sector...
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...
Investment Law To Be Revised
The government is gathering input from the private sector and development partners to amend the country’s Investment Law and make the country a more...
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...
Update On Prakas 443
Following the promulgation of Prakas 443 on Seniority Indemnity Payment, all members of the forum decided to unify their advocacy efforts under the umbrella...
Paddy Rice Production Reaches 7.4 Million In 2018
Cambodia produced 7.4 million tonnes of paddy rice in 2018, a 3.5 percent increase, according to the Ministry of Agriculture’s annual report.
In its report,...
Salt Farmers Back In The Field
Favourable weather conditions have made it possible for salt production to resume in Kampot and Kep provinces, with producers hoping to harvest at least...
US Project To Boost Aquaculture
A new US-funded programme seeks to strengthen food security in the country by developing the local aquaculture industry.
Funded by the US Department of Agriculture,...
Biggest Solar Project Yet Gets Half Billion In Funding
The Gideon Group, a US-based global finance firm, yesterday announced its intention to invest $488 million in a 135-megawatt solar plant in Kandal province.
In...
National Grid To Reach All Provinces Next Year
The government says it plans to have all 24 provinces in the country connected to the national grid by 2020.
Five provinces still lack access...
Banana Exporter Leads The Way In The Chinese Market
Beong Ket Rubber Plantation Company has started banana shipments to the Chinese market, becoming one of the first local companies to export the fruit...
EU Levies Tariffs On Local Rice
The European Commission has imposed tariffs on rice imports from Cambodia and Myanmar that, it says, are hurting farmers in the European Union.
In a...
Tax Incentives To Encourage Listings In Bourse
Companies listed in the local bourse are entitled to a 50 percent deduction in income tax, according to a sub-decree issued earlier this month.
Sub-decree...
Vegetable Production Programme Bears Fruit
A government initiative to reduce vegetable imports is bearing fruit, with Siem Reap province producing 1,432 tonnes of veggies last year, according to a...
First Banana Shipment To China Confirmed
Longmate Agriculture Co has announced that it will conduct a test shipment of bananas to the Chinese market next month, which will be followed...
Pepper Association Reports Lower Yields, Sales
The Kampot Pepper Promotion Association has sold just 50 tonnes of the coveted commodity, an 80 percent drop compared to last year.
The dip in...
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...
