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...
Ministry Partners With SCG To Upskill Construction Workers
The Ministry of Labor and Vocational Training has teamed up with Thai building materials company Siam Cement Group (SCG) to train construction workers through...
Cambodia’s First SEZ With Customs Bonded Area
Charles Esterhoy is the Chief Operations Officer at Kerry Worldbridge Special Economic Zone, Cambodia’s first customs bonded warehouse zone, whose groundbreaking ceremony took place...
Thai Vending Machines Set For Cambodia
A local firm is to partner with a top Thai manufacturer to bring the latest self-service vending machines to Cambodia as part of a...
First They Killed My Father Netflix Film Premieres In Siem Reap
The Cambodian premiere of First They Killed My Father took place at the Terrace of the Elephants at the Angkor Wat temple complex in...
Commerce Minister Calls For Self-reliance
As Cambodia continues its impressive economic development and reaches higher stages of industrialisation and social well-being, there is an urgent need to prepare for...
Chinese Cities To Host Cambodian Commercial Centers
The Chinese cities of Beijing, Shanghai and Guangzhou will each have a commercial centre established to promote Cambodian exports and culture, according to a...
Economic Growth Revised Down To 6.8 Percent
The country’s economic growth projection for 2017 was revised down to 6.8 percent, a slight decrease from a previous forecast of 6.9 percent, due...
Less Risk Equals More FDI, Says PPSEZ COO
Charles Esterhoy, Chief Operating Officer of Phnom Penh Special Economic Zone, says PPSEZ can relate to the Cambodian government’s current growing pains as it...
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...
Cambodia Showcases Opportunities For Chinese Investors
Representatives from over 200 Chinese companies attended the Cambodia-China Business Forum yesterday at Garden City Hotel on the outskirts of Phnom Penh to discuss...
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...
Cambodia’s Exports To The US Rebound In First Quarter
Exports to the United States rebounded in the first quarter of the year, an increase of almost two percent on the same period last...
First Cambodia-made E-bike To Launch In September
The first Cambodia-made electric motorcycles will soon be cruising around Phnom Penh.
Voltra Motors, a local scooter manufacturer, will officially launch at the beginning of...
KrisEnergy Completes 3D Seismic Survey
Singapore-based KrisEnergy last week announced that their 3D seismic survey in the Cambodia Block A concession was completed on time and without incidents.
Last month...
CSX Launches App And Website To Teach Public About Securities Investment
The Cambodia Securities Exchange (CSX) yesterday officially launched a website and an app to help investors and the public achieve a better understanding of...
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...
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...
World Economic Forum On ASEAN Comes Into Focus
Sim Sokheng, the director-general for International Trade at the Ministry of Commerce, revealed last, Tuesday that discussions on trade and industrial development will be...
New Building Seeks To Enhance Local Construction Standards
The World Trade Center Phnom Penh (WTCPP), a multipurpose complex built by Japanese investors, will be finished by mid-2021, serving as a centre to...
Contract Farming A Potential Saviour For Rice Farmers
The current struggles of Cambodia’s rice industry could be alleviated by a contract farming model, according to agricultural experts from Hong Kong-based independent think...
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...
Hun Sen Calls For East Timor To Be In World Trade...
Prime Minister Hun Sen yesterday called for East Timor to be made a member of the World Trade Organisation (WTO), so the country can...
PTT To Help Cambodia In Oil And Gas Sector
The Cambodian Ministry of Mines and Energy and Thailand’s giant conglomerate PTT have signed a cooperation agreement to strengthen Cambodia’s technical knowledge in the...
What do foreigners need to enter Cambodia during COVID-19?
The Royal Cambodian Government has lifted the ban on visitors from Iran, Italy, Germany, Spain, France and the US which were implemented since March...
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...
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...
Chinese Company To Dive Deep Into Cambodia’s Fish Market
The Ministry of Agriculture, Forestry and Fisheries signed an agreement yesterday with China Ocean Fishing Holding Limited (COFL) to start a $100 million joint...
PPSEZ’s IPO Roadshow Gets Underway
Phnom Penh SEZ Plc, launched its IPO public roadshow yesterday, hoping to raise up to $11.6 million.
The company intends to float around 11.6 million...
Car Sales Revving Up In The Kingdom
The sales of cars in Cambodia – both old and new – experienced a remarkable increase last year, with no signs of taking the...
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...
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,...
Local Bank And MFI Sector Continue Their Meteoric Rise
In 2017 the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks and microfinance institutions...
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...
CSX Listed Companies Show Good Results From First Quarter
Two listed state-owned enterprises – Phnom Penh Water Supply Authority (PPWSA) and Phnom Penh Autonomous Port (PPAP) showed better results in the first quarter...
Bug Bacon: Edible insects in Cambodia
Bug Bacon is exclusively available in Siem Reap, Cambodia and is said to be the 'World’s Highest Protein Soldier Grub Snack'. The edible insect...
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...
Local Derivatives Market Welcomes New Player
Alpha Gold Futures launched yesterday a derivatives trading service, becoming the latest addition to the kingdom’s nascent derivatives market.
The company is a joint venture...
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...
Thailand Warns Of Possible Ban On Cambodian Cassava
Thailand said it is considering imposing a ban on imports of Cambodian cassava following reports that the cassava mosaic virus has been found in...
Countdown To New Expressway
The new road connecting the capital with Preah Sihanouk province on the coast is one step closer to becoming a reality, with the Minister...
Garments And Construction Engines Of Cambodia’s Robust Growth: WB
Despite a number of challenges—such as the uncertainty of upcoming elections, the envisioned E.U.-Vietnam free-trade deal and a rising US dollar—the outlook for Cambodia’s...
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...
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...
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...
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...
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...
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...
Cambodian Finance ministry raises $1.4B in Q1 2020
The Cambodian Ministry of Economy and Finance raised $1.4B in Q1 2020 revenue, which represents an increase of 24% from Q1 2019.
Q1 2020 Revenue
The...
China Pushes For Use Of Yuan In Cross-border Trade
Cambodia was asked to quote prices in the Chinese currency for trade with companies in China’s Guangdong province.
The request was made by Guangdong’s vice-governor...
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...
Major Event To Promote Cambodian Cuisine And Agriculture
The Cambodia Rice Federation and the Cambodia Tourism Federation announced this morning that they will co-host the Cambodia’s biggest agriculture and food event at the Diamond...
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...
Palm Sugar Association Requests EU Assistance
The Kampong Speu Palm Sugar Promotion Association has asked the European Union to help spread the word about Cambodian palm sugar in Europe, according...
Steel Mill Discussed For Sihanoukville Industrial Park
Sihanoukville Special Economic Zone (SSEZ) may play host to a new steel mill built and run by a Chinese company, SSEZ’s marketing department chief...
Tourism Sector Worth $3.6 Billion In 2017
Cambodia’s tourism sector earned $3.63 billion in revenue last year, an increase of 13.3 percent, according to the latest figures from the Ministry of...
NBC Warns Against Online Borrowing
The National Bank of Cambodia (NBC) yesterday called for citizens to exercise caution when dealing with online and mobile lending companies, as many of...
Protecting Intellectual Property Key To Innovation: Minister
Following an application from a local company to patent the process of turning banana trees into fabric, the Ministry of Industry and Handicraft reminded...
Taxes Target Used Car Imports
The government is considering increasing taxes on used car imports, and encouraging auto companies to set up assembly plants in Cambodia.
Kun Nhem, director-general of...
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...
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 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...
Japan Focused On Developing Mekong Supply Chain
Japanese firms are building factories and industrial parks in Cambodia to feed the increasingly complex supply chains of goods manufactured for consumer markets in...
Productivity Boost A Must For Garment And Footwear Sectors
With a new wage hike looming in the horizon, the Cambodian garment and footwear industries need to boost productivity and cut down costs if...
Increase In Cambodia-UK Trade Expected After Brexit
Trade between Cambodia and the United Kingdom is expected to increase after Britain’s exit from the European Union, according to the British Ambassador, saying...
Solar-Powered SEZ Planned For Kampong Chhnang Province
Tenants of an industrial park, to be built through a joint venture between Cambodian and South Korean investors on a 102-hectares plot in Rolea...
Cambodia-Thai Hydro Deal Signing Faces Delay
A $100 million electricity and fresh water deal for a joint-venture between Cambodia’s LYP Group and the Electricity Generating Authority of Thailand (Egat) will...
Ministry Calls For Stricter Controls To Stop Cassava Virus
The Ministry of Agriculture is calling for stricter border controls after 12 provinces recently reported cases of the mosaic virus in cassava plantations, according...
Cambodian Airports Up Passenger Volume By 25%
Cambodia Airports has hit another milestone this year as eight million passengers have accessed the Kingdom’s three international airports.
“Today, we have hit the...
Thailand, Cambodia Pledge To Strengthen Tourism Ties
With relations between the two countries at a high point, Cambodia and Thailand have agreed to boost cooperation in tourism to bring more tourists...
Cambodia To Host 2018 China-ASEAN Expo
Cambodia will host the 15th China-ASEAN Expo next year to showcase business opportunities in the regional grouping and also to attract more investment and...
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...
EuroCham Holds Tax Forum In Siem Reap
Eurocham Cambodia held Friday another edition of its prestigious tax forum in Siem Reap, an event that allowed members of the private sector to...
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...
GSP Extension Comes Into Effect
The restoration of US’s Generalized System of Preferences programme became effective on Sunday, renewing access to duty-free privileges for Cambodian exporters.
The extension of GSP...
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...
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...
Grab Seals Ride-share Deal With Uber
Singapore-based ride sharing company Grab yesterday announced its acquisition of the Southeast Asia operations of its giant American rival Uber, the deal came just...
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...
Businesswomen Convene To Find Solutions, Opportunities
Over 100 businesswomen gathered on Saturday to participate in the third iteration of ‘SHE Conference’, a forum that aims to tackle common challenges faced...
New Industrial Park Beckons Japanese Investment
Toyota Tsusho, the distribution arm of Japanese carmaker Toyota, officially launched on Friday its much-awaited Techno Park in Poipet’s Sanco Special Economic Zone, according...
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...
Trade With US Normal, Claims Ministry
Despite a diplomatic row with the United States, the trade relationship between Cambodia and the US remains normal, the Ministry of Commerce’s spokesperson claimed...
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...
Power Access Spreads But Reliability Problem Persists
Access to grid electricity has expanded to 71.5 percent of households but the reliability of power supplies can be improved, the World Bank says...
Organic Food in Cambodia
The Royal Cambodian Government has introduced an organic agriculture policy in April 2020 to boost production and exports.
Organic certification in Cambodia
A prakas (announcement number...
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...
Cambodian Pepper Farmers Seek New GI Listings
Pepper production inched up to close to 12,000 tonnes last year with cultivation on 6,124 hectares, but unstable prices have led to calls for...
KrisEnergy All Set To Ink Extraction Agreement
The Cambodian government and KrisEnergy, a Singapore-listed oil and gas firm, are set to sign a petroleum agreement this month to pave the way...
New Cassava Factory To Operate At Full Capacity Next Month
Ratanakkiri’s first cassava-processing plant will operate at full capacity starting next month, producing 300 tonnes of cassava products per day.
The factory is now on...
South Korean Firm Eyes Local MFI
South Korean firm NongHyup Financial Group has announced its intentions to expand its presence in Southeast Asia through a series of acquisitions, with Cambodia...
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...
Cellcard Awarded Cambodia’s Fastest Mobile Network At Mobile World Congress 2018
Cellcard has gained global recognition at Mobile World Congress 2018 in Barcelona, Spain, forbeing Cambodia’s leading mobile operator for 3G, 4G and overall download...
Private Sector Gathers To Discuss Upcoming Minimum Wage Law
The upcoming Minimum Wage Law is likely to be adopted in a sector-by-sector basis, with construction and hospitality being the first industries affected by...
Luxury Villa Project Breaks Ground In Phnom Penh
Construction work for a new high-end villa project began yesterday in Phnom Penh.The Palms will cost an estimated $100 million and will be raised...
Lacklustre Trading Debut In PAS Shares
The trading price of Sihanoukville Autonomous Port (PAS) has failed to live up to high expectations after its debut on the Cambodia Securities Exchange...
A Question Of Ethics In the Cambodian IT Industry
The pervasiveness of software piracy in Cambodia and the lack of ethical behaviour in the industry is a theme raised repeatedly by our contributors...
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...
New Airline About To Take Off
Cambodia Airways, a locally owned airline with $200 million paid-up capital, will launch operations in the next few weeks, operating local and international routes,...
Experts Convene To Debate Intellectual Property Rights
More than 200 business leaders, consultants, lawyers and government officials gathered yesterday to discuss intellectual property rights in an event organised by the European...
