The Council for the Development of Cambodia (CDC) recently organised a meeting to draft a roadmap and form an advisory council for the effective development of the automotive and electronic sectors in the Kingdom. Nut-Un Vaoanra, Deputy Secretary General of the Cambodian Investment Board (CIB) of CDC presided over the technical inter-ministerial meeting to establish […]
The capital city’s infrastructure upgrades, like the Phnom Penh Autonomous Port, new airport, highways, will prove of great advantage to SME clusters of WorldBridge, said Allen Dodgson Tan, Chief Strategy Officer, WorldBridge. He said this at a meeting with diplomats from various countries at the WorldBridge i4.0 SME Cluster zone in Kandal province, hosted by […]
TOKYO — Cross-border QR code payments made through Cambodia’s Bakong digital financial system are set to boost the use of the Southeast Asian nation’s riel currency, the governor of its central bank told Nikkei Asia on Friday. Over 80% of Cambodia’s economy still operates with the U.S. dollar as part of a dual-currency system, with […]
The Cambodia Chamber of Commerce (CCC) and the French Chamber of Commerce and Industry in Cambodia (CCIFC) have joined forces to strengthen investment cooperation between the two nations and unlock new opportunities for French businesses in Cambodia’s growing economy. The commitment was made at a meeting co-chaired by CCC President Kith Meng and Cyril Girot, […]
The Asian Development Bank (ADB) has launched a new country partnership strategy for Cambodia, spanning the period 2024–2028. The new strategy, closely aligned with the first phase of the national Pentagonal Strategy for the same period, aims to strengthen pathways for a sustainable, inclusive, and resilient economy in Cambodia. According to a press release issued […]
The Council for the Development of Cambodia (CDC) has given the greenlight to four new industrial investment projects to be launched in Kampong Speu province, marking the continued growth trajectory of the region’s booming industrial economy. The official approval for the new factories was confirmed during a meeting between Chea Vuthy, Secretary General of the […]
Setting its sights on wider horizons, the tourism ministry held preliminary talks virtually with the world’s second largest cruise liner at the Ministry of Tourism in the capital Phnom Penh on Monday. Interacting with the delegation from Silversea Cruises, a subsidiary of Royal Caribbean Group was Chuk Chumnor, Director General of Tourism Department and International […]
World Lin Chamber of Commerce (WLCC) is seeking investment potential in Cambodia in various areas, such as construction, real estate, agriculture, green energy, health, and so on. The information was shared by visiting WLCC World President Mr. Tan Sri Dato Lim Soon Peng, who led a delegation to pay a courtesy call to Hun Manet, […]
Prak David, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries (MAFF), met with an Australian delegation from the Agribusiness Asian Group (AAG) last week to discuss the group’s plans to begin biomass research and production in the Kingdom, in a bid to create more environmental sustainability food production within the agricultural sector. […]
The White Horse Port has finished about 90% of its construction and is scheduled to be completed soon. Mr. Kov Kimhak, Company Representative, stated yesterday that “we have been implementing the project to build this port for two years, in which the results have reached around 90%.” “In that, we succeeded in pouring soil and […]
Cham Nimul, Minister of Commerce, on May 27, presided over the opening ceremony of the seminar on “Beyond Borders: Bringing Cambodian Products to Global Markets through Alibaba.com, ”which was attended by leaders of the Ministry of Commerce, representatives of the Ministry of Posts and Telecommunications, the Cambodian Chamber of Commerce, Alibaba, and many national and […]
Cambodia has asked Vietnam to increase their bilateral trade volume to $20 billion shortly. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), made the request while he was accompanied by Tuy Ry, Ambassador of Cambodia to Japan, during a bilateral meeting on May 23 with […]
Cambodia has requested Japanese support for the upgrade of the Sihanoukville Autonomous Port (PAS), as well as a study into the development of a master plan which will guide the port’s development into a regional port and logistics centre by 2050. The request was via Sun Chanthol, first vice-president of the Council for the Development […]
If backpacking across Southeast Asia is there on your ‘Travel Bucket list, then there’s no way you can miss exploring Cambodia! The rustic old world charm amalgamated with the beauty of modernity makes Cambodia one of the top destinations to explore in this new year. No matter whether you are a gap year student looking […]
PHNOM PENH, May 23, 2024 — The National Bank of Cambodia (NBC) has forecasted a healthier economic growth rate and a decline in inflation for Cambodia in 2024, despite global economic challenges stemming from geopolitical tensions and rising interest rates. In its latest report issued on Monday, the central bank projected that Cambodia’s Gross Domestic […]
According to a press release from the ASEAN+3 Macroeconomic Research Office (AMRO) on Thursday, Cambodia’s economy is predicted to grow robustly in 2024, driven by a rise in exports and a continued tourism recovery. “The Cambodian economy is projected to grow by 5.6 percent in 2024 and 5.9 percent in 2025, up from 5 percent […]