Leading Solar Firm To Increase Investment In Cambodia
With one of the worldโs highest average peak sun hours, Cambodia is an attractive market for any company operating in the thriving global solar...
Cambodia-UAE Trade Pact Inked
Cambodia and the United Arab Emirates (UAE) yesterday finally signed an agreement, which took four years to negotiate, to promote and protect business investments...
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...
SME Confidence Falls As Big Business Stands Firm: Report
Cambodiaโs business confidence index fell by seven percentage points from last year due to global competition, perceived political instability, and a bearish climate due...
US Companies Eye โEnormousโ Potential Of Local Agriculture
A group of leading US firms invited by the US Embassy is now in Phnom Penh exploring investment opportunities in Cambodiaโs agriculture sector.
The group...
Cambodia SME Championship July 2020
The Cambodian private sector is launching an SME (Small and Medium Enterprises) Championship on the 3rd July 2020 to promote the sector in the...
Central Bank Explains Its Yuan Promotion Policy
A representative of the National Bank of Cambodia yesterday clarified the Central Bankโs policy toward the Chinese yuan, saying that its use is only...
GMAC reports Cambodia’s luggage exports worth $1.2 billion
The Garment Manufacturers Association in Cambodia (GMAC) reported that exports of luggage were worth $1.2 billion in 2019. This represents a huge increase compared...
Singapore Trumps US In Competitiveness Ranking
Singapore moved up a place to grab third spot in the latest IMD World Competitiveness Yearbook behind Hong Kong and Switzerland, pushing the US...
GDP Growth Dominated By traditional Sectors In 2019, ADB says
Despite a slower-than-anticipated rise in agricultural production, Cambodiaโs economy is expected to grow at 7 percent this year on the back of strong growth...
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...
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...
Cambodia Growing At 7% On The Back Of Strong Garments, MEF
The Ministry of Economy and Finance (MEF) announced earlier this week that Cambodia will grow at a rate of 7 percent for the rest...
CAM-ASEAN Seminar Shares Best Practices For Creating A Great Company Culture
The corporate training department of the CAM-ASEAN language and skill training institute organised a seminar on 'Creating a Great Company Culture' on October 28,...
Cambodia Asked To Join WEF Digital Growth Project
The World Economic Forum has requested Cambodiaโs participation in an Asean-wide programme to promote digital development and electronic payments.
During a meeting Tuesday with Pan...
Garments Strategy In Pipeline
The Economy Ministry, garment & footwear makers, and the ILO's Better Factory Cambodia program are drafting a long term strategy to maintain high growth...
$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...
Angkor Gold Agrees To Share Buyback
Canadian exploration company Angkor Gold announced this week that it agreed to an all-shares buyback of the net smelter return (NSR) interests on the...
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...
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...
Cambodia Welcomes $5b In Investments In H1
The government approved $5.2 billion worth of investment in the first half of 2019, a 48.5 percent hike compared to the corresponding period last...
GMAC Submits New Tariff Petition To US Regulators
Garment and footwear makers are set to submit today a petition to the government of the United States to give Cambodian footwear exports preferential...
Business Leaders Gather To Discuss Startup Regulation
Key figures of the countryโs startup community gathered yesterday in Phnom Penh to share their views on how the local startup sector should be...
HK Firm Considers Local Soursops
A Hong Kong-based firm is eyeing imports of Cambodian soursop to produce juice, according to the Cambodian Center for Study and Development in Agriculture,...
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...
Government To Intervene In Rice Sector
The government, with a budget of $50 million for emergency loans and $30 million for building silos and warehouses, will intervene to stabilise rice...
Garment Buyers Asked To Bring In Tech
The government is calling on international buyers to increase investment in the garment and footwear sector and to introduce new technologies to help modernise...
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...
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...
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...
Cambodian Business Registrations Dropped in 2020
The Cambodian Ministry of Commerce has reported that the number of businesses registered in the Kingdom dropped by nearly 41 per cent in 2020.
In...
A New Solar Power Partnership Set To Shine
Engie, a French multinational electric utility company, and Devenco, a local enterprise, have entered a partnership to explore possibilities in Cambodiaโs nascent solar power...
New Chinese Airline Lands In Local Market
Shenzhen Airlinesโ first flight to Cambodia landed at Phnom Penh International airport on Wednesday, officially making it the seventh Chinese air carrier to operate...
Francophone States Must Work Together: Minister
The Minister of Commerce on Monday urged member estates of the International Organisation of La Francophonie (OIF), particularly less developed economies, to work together...
Cambodian ranking on 2020 Corruption Perception Index
Cambodia ranked one place better on the 2020 Corruption Perception Index but was still the worst-ranked of the ASEAN nations.
The Transparency Internationalโs (TI) Corruption...
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 Commerceโs spokesperson claimed...
US Interior Design Firm Expands Into Cambodia
Ethan Allen, a leading interior design company from the United States, has expanded into the Kingdom.
Ethan Allen chairman and CEO Farooq Kathwari told Inside...
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...
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...
Government Issues Regulation On Taxing Oil Production Operations
The Ministry of Economy and Finance issued a sub-decree this week detailing taxation requirements for oil production operations in the Kingdom.
Sub-decree number 52, signed...
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...
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...
Celebrating Chinese New Year
Itโs Wednesday night. On any other day, businesses in the capital would be getting ready to close for the day just about now. But...
Targeting Eurasia For Exports
Seeking closer economic ties with countries in northern Eurasia as a way to expand and diversify exports, Cambodia held its first business forum with...
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...
Annual Rice Forum Kicks Off
The annual rice forum starts in Phnom Penh today, bringing together farmers, businesses and researchers for a two-day event that seeks to find solutions...
Unesco-recognition For Cambodian Cities Still Faraway
There has been little progress so far in Cambodiaโs bid to get three of its most scenic cities recognised by Unesco as world heritage...
Economic Growth In Thailand For Q4 Falls Short Of Expectation
Thailandโs economy expanded less than expected in the last quarter of 2016 and the government left its forecast for growth this year unchanged, indicating...
EBA Removal Wonโt 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...
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...
World Bank predicts Cambodia’s ecomony to grow by 4 per cent...
The Restrained Recovery report, World Bankโs latest economic update for Cambodia, was published today and projects the Kingdom's economy to contract by 2 per...
New MoU With Korea For Tech Centre
The Ministry of Industryย and Handicraft will cooperate with two South Korean high-tech companies to establish a technology centre with the aim of facilitating the...
New Platform To Champion Sustainable Trade Globally
Sustainability Map, a new online platform that aims to enhance sustainable trade globally, chose Confirel, a local specialty food producer, as its first Cambodian...
Cambodiaโs Trade Reforms Praised
Canada on Tuesday urged the Cambodian government to continue its reforms to facilitate trade and investment, particularly in the garment sector.ย Donica Pottie, the Canadian...
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...
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...
Economic Growth Revised Down To 6.8 Percent
The countryโs economic growth projection for 2017 was revised down to 6.8 percent, a slight decrease from a previous forecast of 6.9 percent, due...
2020 FM Global Resilience Index: Cambodia
Cambodia improved marginally on the 2020 FM Global Resilience Index, moving up to 112th from 114th place on the global rankings out of 130...
Moodyโs Investors Service upholds Cambodiaโs B2 rating
According to Moodyโs Investors Service 2021 Inside ASEAN report, Cambodia has been graded with a B2 rating.
The report, released on March 29, 2021, said:...
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 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...
Cambodian rice exports increased in first half of 2020
Local media reports that Cambodia has seen a significant increase in rice exports in the first six months of 2020.
Both the Khmer Times and...
World Bank Commits $540m To Cambodia
The World Bank will disburse some $540m from 2018 to 2021 to finance economic development in Cambodia toย support the implementation of the governmentโs Industrial...
Private Sector Struck By Electricity Costs, Say Industry Leaders
The high cost of electricity is draining the competitiveness of the private sector, industry leaders said during the Cambodia International Business Summit yesterday, while...
WTO Trade Pact Poised To Boost Cambodian Exports
The US Ambassador has urged the Cambodian government to improve customs procedures and reduce bureaucracy to make the most of the World Trade Organisationโs...
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...
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...
Koh Kongโs First Coal-fired Plant Up In The Air: Ministry
The investors of a project to build the first coal-fired power plant in Koh Kong province are still looking for buyers, according to the...
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...
Minister: Cambodia Must Fend For Itself
Cambodia needs to support its own development and can expect a cutback in grants, soft loans and highly favourable trade privileges as it graduates...
Cambodia And Laos To Sign 2,400-megawatt Power Deal Today
Cambodia and Laos will sign an agreement today under which the Kingdom will purchase 2,400 megawatts from its neighbour, with the first transfer scheduled...
Agricultural Communities To Rise
In an effort to increase agricultural production and raise living standards for farmers, the Ministry of Agriculture is prioritising the creation of agricultural communities...
Agricultural Exports Grew By 11 Percent Last Year
During the last five years, agricultural exports have grown on average 7 percent per year, according to the latest report from the Ministry of...
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...
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...
New Warning Against Digital Coins Issued
The Securities and Exchange Commission of Cambodia (SECC) yesterday warned the public against investing in cryptocurrencies such as Bitcoin, arguing that there is no...
MoC Urges Business Registrations as Single Portal Numbers Approach 14K
The Ministry of Commerce has urged all businesses to register (including vendors and traders) so they can reap the benefits of being a legal...
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...
New Centre For Agricultural Research To Help Expand Markets
China-based Digital Agriculture Exchange has revealed plans to build an agricultural research centre in the kingdom to improve production and packaging standards of local...
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...
Indian Group To Upcycle Old Mills
India-based Saba Industries Group, a major manufacturer and exporter of rice and other commodities in the region, plans to invest $100 million in Southeast...
Korea To Help Improve Agriculture sector
South Korea has pledged to help Cambodia tackle some of the main issues affecting the agriculture sector.
The pledge was made during talks last week...
Taxation Agreement With Singapore In Effect
The double tax avoidance agreement (DTA) between Cambodia and Singapore came into effect this month, helping clarify taxation rights on all forms of income...
Cambodian Exports to the US Increase in Q1 2021
The most recent data from the US Census Bureau shows that exports to the United States from the Kingdom of Cambodia grew by 16.84...
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...
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...
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...
Second Strike For Gold Prospector
Australia-listed Geopacific Resources announced yesterday it had made a second gold discovery in the Prospect 181 area of the Kou Sa project in the...
Vietnamese Oil Firm Will Enter Next Exploratory Phase As Scheduled
A government official announced yesterday that PetroVietnam Exploration Production Corporation (PVEP) remains on track to fulfill its agreement to explore Block XV in Kampong...
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,...
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...
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...
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 โCase Study...
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...
Unveiling Cambodia’s Thriving Consumer Culture 2023
Discover Cambodia's consumer habits in the Consumer Report 2023 which covers a range of insights from societal perspectives on travel, health and wellness, beauty,...
Investment Promotion Conference 2023: Promoting Sustainable Economic & Social Development
The โInvestment Promotion Conference 2023โ was organised by the German Agency for International Cooperation (GIZ) and the Council for the Development of Cambodia (CDC)...
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...
OBOR Management Welcomes CIM And Tanncam As New Shareholders To Strengthen...
OBOR Management (Cambodia) welcomes Cambodia Investment Management (CIM) and Tanncam Investment Pte as its new strategic shareholders, combining a 40 per cent stake.
According to...
Transport & Logistics Forum 2023 – Key Lessons For Cambodia’s Development...
Eurocham organised the Transport & Logistics Forum 2023 in April 2023 which featured Cambodian Minister of Public Works & Transport, H.E. Sun Chanthol, presenting...
With Support From Thai University, Sericulture Sector Set To Flourish
In a bid to revive the local sericulture sector, Mahasarakham University, an academic institution based in Northeastern Thailand, is providing technical assistance to a...