The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster sustainability for common benefits. Both agreements were inked in the […]
Cambodia’s tourism industry is making a strong comeback with the sector contributing significantly to the country’s economic growth. According to a report released by the National Bank of Cambodia, the Kingdom welcomed approximately 3.1 million foreign tourists in the first half of this year, injecting an estimated $1.7 billion into the economy. This represents a […]
Adding another feather to its cap, the Kingdom’s eighth wonder of the world Angkor Wat has been conferred the number one rank for best sunrise in Southeast Asia. The British website Morning Life granted the honour to the Siem Reap tourist draw earlier in the year. The news has been welcomed by the rapidly resurging […]
ABA Bank continues to dominate the financial landscape with a stellar performance in the first half of 2024. The bank reported impressive growth across all key metrics, solidifying its position as a key driver of Cambodia’s economic development. Strong customer growth fueled by digital adoption The bank reports a significant increase in customer acquisition in […]
Royal Railway Cambodia (RRC), a subsidiary of Royal Group, imported 25 new flat rail wagons from Malaysia to enhance its freight service capabilities, according to the company, yesterday. “The shipment arrived on July 28, marking a significant step forward in Royal Railway’s commitment to providing efficient and reliable freight transport across Cambodia,” Royal Railway said […]
TOKYO — A Cambodian industrial park that has long served as a base for Japanese and Chinese manufacturers is looking to diversify as shifts in global supply chains create opportunities for the Southeast Asian country to attract more companies. The Phnom Penh Special Economic Zone in the capital houses more than 90 tenants from 15 […]
Suon Sophal, Deputy Secretary General of the Board of Investment of Cambodia, highlighted to the delegation of investors led by Zhong Zhengbing, Vice-President of the Cambodia-China Progress Association, the cooperation initiative to establish an industrial corridor and a fish and rice corridor, intended to be the driving force behind Cambodia’s economic growth and for achieving […]
Vietnam will increase its electricity supply to Cambodia to 400 megawatts or more to boost the Kingdom’s economy and to help prevent blackouts or power shortages from occurring. The plan was made public by Pham Minh Chinh, Prime Minister of Vietnam, during a meeting in Hanoi, Vietnam on the afternoon of July 25 with Senate […]
The General Department of Taxation (GDT) at the Ministry of Economy and Finance has collected some $1.917 billion in tax revenue in the first semester of this year, representing 46% of the yearly budget plan. The figures were released here on July 24 in a meeting chaired by Aun Pornmoniroth, Deputy Prime Minister and Minister […]
The Ministry of Tourism Thursday has unveiled an action plan for the next six months to attract marketers and strengthen private sector connections while supporting the private sector in selling travel packages to attract and facilitate foreign tourists. Addressing the ‘Cambodia Tourism Revival Workshop’ with the motto of ‘Together, We Can’ coinciding with the newly […]
The Council for the Development of Cambodia (CDC) and the Embassy of the People’s Republic of China in Cambodia (ECC) Wednesday discussed ways to take the existing diplomatic ties between the two countries to the next level by promoting investment activities and supporting the development of connected infrastructure across the Kingdom. Sun Chanthol, Deputy Prime […]
Cambodia welcome 3.16 million foreign tourists in the first half of this year, up 22.7 percent from 2.57 million recorded in the same period in 2023, a Ministry of Tourism’s report showed on Tuesday. Thailand topped the list of foreign arrivals to Cambodia during the said period with 955,250 visitors, a year-on-year decrease of 9.7 […]
Cambodia’s fisheries sector is undergoing a transformative shift, with Unica enterprise leading the charge towards a more sustainable and internationally competitive industry. Founded in 2014, this pioneering enterprise has evolved from a small initiative supporting women fishermen into a major player in the agri-food sector. With the backing of the CAPFISH-Capture Project and strategic collaborations, […]
Prime Minister Hun Manet announced a significant boost in Cambodia’s agricultural exports during the first half of this year, marking the highest increase in the last five years. In a report presented by the Ministry of Agriculture, Forestry, and Fisheries, it was revealed that the country saw an unprecedented growth of nearly 60% in agricultural […]
Cambodia made more than $210 million in revenue from rubber exports in the first half year of 2024, an increase of about 8.6 percent over the same period of 2023, said a report of the General Directorate of Rubber on Wednesday Khun Kakada, Acting-Director General of the General Directorate of Rubber of Ministry of Agriculture, […]
Prime Minister Hun Manet Thursday called for connecting direct flights from the major tourist destinations in the world to Siem Reap. Mr Hun Manet highlighted this during a groundbreaking ceremony for the construction of the Samdech Pin Sem Museum in Siem Reap province. To attract more tourists to visit Cambodia, especially Siem Reap province – […]