Cambodia, Saudi Arabia eye rice trade deal

Cambodia, Saudi Arabia eye rice trade deal

Cambodia and Saudi Arabia Monday explored opportunities to strengthen bilateral relations, particularly in the agricultural sector. This move comes as both countries seek to enhance economic cooperation and explore new trade avenues. Senate President Hun Sen and Abdullah Mohammed Ibrahim Al-Sheikh, Chairman of the Consultative Assembly of the Kingdom of Saudi Arabia held wide ranging […]

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CDC okays $6.4 billion fixed-asset investment

CDC okays $6.4 billion fixed-asset investment

Cambodia approved 386 fixed-asset investment projects worth 6.4 billion during the first 11 months of 2024, generating over some 305,000 jobs, said a Council for the Development of Cambodia (CDC)’s report on Friday. The new projects were mainly focused on garment, travel goods, and footwear sectors, hotel development, hydroelectric power station, freshwater port, solar power […]

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Cambodia’s economy growth to reach 6 percent in 2024

Cambodia’s economy growth to reach 6 percent in 2024

Academician Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of Cambodia, projected that Cambodia’s economic growth in 2024 will be 6 per cent, mainly supported by continued momentum in export-oriented sectors and the garment sector. With sustainable peace, social order, safety and security, and political stability as strong foundations, Cambodia has consistently […]

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Cambodia aims to strengthen DTA regime

Cambodia aims to strengthen DTA regime

The Royal Government is working to enhance the country’s investment climate by negotiating Double Taxation Agreements (DTAs) with six countries in the region and Europe. While Cambodia has implemented DTAs with Singapore, China, Thailand, Brunei, Vietnam, Indonesia, China’s Hong Kong Special Administrative Region, Malaysia and South Korea, DTAs with China’s Macau Special Administrative Region and […]

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