Cambodia has experienced a stable growth of exports to foreign markets despite a slowdown in global demand and a war crisis, a senior official of the Ministry of Commerce said. Cambodia’s exports were worth $1,967 million in January of 2024, a 27 percent increase compared to the same period in 2023, a General Department of […]
The Council for the Development of Cambodia (CDC) on Wednesday said that it working towards attracting investment partners from Australia. The CDC would also be exploring with other government departments and business chambers ways to boost semi-finished and processed product exports to Australia. The CDC in a statement on Wednesday said the Cambodia Investment Committee […]
Commercial Aircraft Corporation of China, Ltd. (COMAC) conducted flight displays of its ARJ21 and C919 commercial aircraft in Cambodia yesterday. Showcasing of the two jetliners in Cambodia was part of the COMAC’s demonstration of flights in Southeast Asian countries such as Vietnam, Laos, Cambodia, Malaysia and Indonesia. The flight demo took place at the Phnom […]
China-based tyre manufacturer Shouguang Firemax Tyre Co., Ltd., has made plans to invest in a radial tire production facility in Cambodia, according to recent Chinese media reports. The overseas expansion project has been initially valued at $190 million. Once operational, the company’s new Cambodian-based facility is expected to boast an annual capacity to manufacture 8 […]
Cambodia’s efforts to get back the Generalized System of Preferences (GSP) concessional trade status, given by the US to select countries, are yet to succeed but W. Patrick Murphy, the US Ambassador to the Kingdom, recently indicated that he supported the initiative. During a meeting with Bin Trachhey, Minister of Planning, on Tuesday, Murphy reportedly […]
The Green Climate Fund (GCF) has approved the Cambodian Climate Financing Facility (CCFF) during its 38th board meeting in Rwanda. This initiative, with concessional funding of $100 million, aims to support Cambodia’s transition towards a green economy. The CCFF is a $100 million loan facility strategically designed to provide long-term concessional financing to sustainable private […]
Training and financial literacy will be keystones to improving insurance penetration in Cambodia in the next five years, said the Insurance Regulator of Cambodia (IRC). Towards this end, the IRC is planning to set up the National School of Insurance in the Kingdom, officials from IRC said at an event on Tuesday. Insurance penetration in […]
Cyprus’ Industrial Business Cycle Index for the month of December 2023 reached 180.1 units, with 2015 being the base year, marking a 0.3 per cent increase compared to December 2022. According to a report released this week by the Cyprus Statistical Service (Cystat), covering the period from January to December 2023, the index exhibited a notable […]
The Royal Government of Cambodia (RGC) spent about $3.85 billion by the end of last year to boost the development of northeast part of the country aimed at connecting economic flow with the triangle development area between the three neighbouring countries – Cambodia-Laos-Vietnam – through the construction of various infrastructures, industrial parks and economic centres. […]
Melbourne, Australia: Australian Prime Minister Anthony Albanese commended Cambodia for its resilience and continued progress, acknowledging the country’s triumph over the tribulations of its past. This praise came during a bilateral meeting with Cambodian Prime Minister Hun Manet on March 5, 2024, amid the ASEAN-Australia Special Summit held in Melbourne, Australia. Albanese reminisced about the […]
Melbourne, Australia: The Cambodia Chamber of Commerce (CCC) and the Victorian Chamber of Commerce and Industry (VCCI) inked a Memorandum of Understanding (MoU) on business collaboration today. This agreement aims to strengthen trade, investment, and economic cooperation between Cambodia and Victoria, Australia. The signing was witnessed by Cambodian Prime Minister Hun Manet during the Australia-Cambodia […]
MELBOURNE, Australia: Cambodia and Australia have pledged to expand their bilateral relations as the Prime Ministers of both countries met in Melbourne where they emphasised the importance of enhancing cooperation in trade, economy, education, employment and defence. The commitment was made during a bilateral meeting between Prime Minister Hun Manet and his Australian counterpart, Anthony Albanese, […]
The Royal Government of Cambodia (RGC) spent about $3.85 billion by the end of last year to boost the development of northeast part of the country aimed at connecting economic flow with the triangle development area between the three neighbouring countries – Cambodia-Laos-Vietnam – through the construction of various infrastructures, industrial parks and economic centres. […]
Cambodia Chamber of Commerce (CCC) and Victorian Chamber of Commerce and Industry (VCCI) have reached a Memorandum of Understanding (MoU) on Business Collaboration to promote trade, investment and economic cooperation between the two countries. The MoU was signed in Melbourne, Australia yesterday under the witness of Cambodian Prime Minister Hun Manet, following the Australia-Cambodia Business […]
The Minister of Commerce has encouraged Australian businesses to invest more in Cambodia and expand market ties with the country in a bid to bolster Cambodian-Australia business relations. Cham Nimul, Minister of Commerce, made the remarks during a meeting with Senator Tim Ayres, Australia’s Assistant Minister for Trade and Manufacturing at the sidelines of the […]
Agriculture in Cambodia can be impacted by droughts and floods, so the government is keen on making the sector climate and disaster-resilient. Officials from the Ministry of Water Resources and Meteorology met with the Asian Development Bank (ADB) to hold discussions on joint irrigation projects. In the meeting on Tuesday, Chan Sinath, Secretary, Ministry of […]