News

Cambodians running small businesses are continuing to find the need for working capital as their most pressing need, as per data. As high as 54 percent of 1.89 million loans issued were for working capital, as per the first quarter report of the Small Business ...

The International Monetary Fund (IMF) in its World Economic Outlook for April 2024 revealed Cambodia’s new GDP figures by taking 2014 as the base year for the calculations instead of 2000, showing the economy 35 percent larger than previous GDP calculations indicated. ...

The ASEAN-International Wholesale Market, locally known as the New Deum Kor Market, was officially inaugurated last week in a ceremony including Khuong Sreng, Governor of Phnom Penh, Wang Wentian, Chinese Ambassador to Cambodia, and other representatives and stakeholders of the project. ...

In Phnom Penh, visibility seems to have become key to retailers. High-end brands are reportedly moving to more up-market locations like Prime High Street, versus community malls, retail podiums and prime shopping malls. ...

Non-governmental organizations (NGOs) and activists called on the government to reinvestigate the case of anti-logging activist Chut Wutty who was shot dead on April 26, 2012. ...

The Cambodian Alliance of Trade Unions (CATU) demands that Kampong Speu Provincial Court drop the criminal charge against Chea Chan, union president of Wing Star Shoes, and release him. ...

According to the Ministry of Commerce, five automobile manufacturers are reportedly building production facilities in Cambodia. ...

The Ministry of Commerce (MoC) encouraged investors and businessmen to invest in car factories, especially the electric vehicles (EVs) and reap benefits from the FTAs that Cambodia has with many partners and the preferential tariffs received from developed countries. ...

Prime Minister Hun Manet has asked all tyre factories in the country to use domestic rubber as raw material inputs, creating a market for rubber plantation farmers even as two more tyre factory projects have received in-principle approval for investment in Cambodia. ...

The Ministry of Commerce (MoC) and the Ministry of Industry, Science, Technology, and Innovation jointly celebrated World Intellectual Property (IP) Day 2024, encouraging business owners to register their products to add value and strengthen competitiveness in domestic and foreign markets. ...

Prime Minister Hun Manet yesterday urged the transport ministry and the Royal Railway Cambodia (RRC) to find ways to upgrade the existing railway to improve the country’s logistics infrastructure. ...

Trade and investment cooperation between Cambodia and Mexico are expected to increase after a business forum which is planned to be organized in Phnom Penh soon. ...

Another 14 projects worth $213 million received approval in Cambodia’s coastal city Sihanoukville recently which included 10 projects for reviving the construction of stalled buildings under the ‘Special Investment Promotion Program’ for the city, launched by Prime Minister Hun Manet earlier in January. ...

The government has set up a nine-member Alcohol Control Working Group (ACWG) to set technical measures, regulate advertising, ensure consumer protection, and promote competition. ...

Turkey is asking Cambodia to support the process of relationship-building with ASEAN nations that will help to expand closer cooperation with stakeholders across the region. ...

Cambodia has seen more than $5 billion approved construction projects in 2023, as per data with CBRE Cambodia. This is a 79 percent increase compared to the previous year. ...

We do not need to be a rocket scientist to deduce that higher interest rates often cause more pain than (being a) panacea. ...

The Ministry of Labor and Vocational Training hosted the second Mekong Dialogue on labor mobility on April 26, chaired by Hou Vuthy, Secretary of State of the Ministry of Labor. ...

Climate-smart agricultural techniques have significantly increased the annual crop profits of targeted farmers from $1401 to $2234 over the five-year implementation of the Systems Approach to Transformative Economic Empowerment and Resilience project. ...

Secretary of State at the Ministry of Foreign Affairs and International Cooperation (MFAIC) Khy Sovanratana has received a courtesy call from Ambassador Kairat Sarybay, Secretary General of the Conference on Interaction and Confidence Building Measures in Asia (CICA). ...

Prime Minister Hun Manet is praising the increasingly successful resolution of labour disputes. ...

Cambodia’s exports to Japan reached $365 million in the first quarter (Q1) of this year, an increase of 18.4 percent compared to the same period last year. ...

The National Bank of Cambodia (NBC) and the Economic Research Institution for ASEAN and East Asia have recently entered cooperation to develop a strategy for green digital finance in Cambodia. ...

Cambodia is on track to graduate from least developed country (LDC) status by 2027, according to a new report by the Asian Development Bank (ADB) that also raises concerns about some of the challenges that lie ahead. ...