The Cambodia Securities Exchange (CSX) reached a total market capitalisation of $2.73 billion by the close of the second quarter in 2024, according to a report released by the Securities and Exchange Regulator of Cambodia (SERC) on Friday. The report highlighted the two types of securities currently traded on the CSX—stocks and bonds. On the […]
The Siem Reap provincial authority, in collaboration with the private sector, plans to make this month attractive for national and international visitors by hosting special events. The plan was revealed by Ngov Sengkak, Deputy Governor of Siem Reap province, following a preparatory meeting for World Tourism Day with the private sector in Siem Reap City […]
Cambodia launched a $27 million project on Thursday to enhance the sustainability, export, competitiveness, and inclusiveness of the Kingdom’s cashew nut and pepper industries, according to a joint press release. Jointly funded by the European Union (EU) and Germany’s Ministry for Economic Cooperation and Development, the five-year project will be implemented by the German Agency […]
Cambodia’s economy is projected to grow by 5.6 % this year, up from 5% compared to last year, boosted by a rise in garment exports and ongoing tourism recovery, said an ASEAN+3 Macroeconomic Research Office (AMRO) press release on Thursday. “A rebound in the garment sector due to stronger demand in major markets and a […]
The Bay of Lights, a transformative USD 16 billion coastal township development project, took center stage at the inaugural Singapore Business Expo 2024, coinciding with Singapore’s 59th Independence Day celebrations. Showcased as the groundbreaking project, the Bay of Lights is poised to transform Cambodia’s coastal economy and create ripple effects across the Southeast Asia region. Transforming […]
The Council for Development of Cambodia (CDC) is gearing up for an official trip to the United States to highlight the favourable investment climate that exists in Cambodia and attract potential investors from American companies to Cambodia. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, will […]
The benefits of investing in ASEAN and Cambodia are clear and compelling, Australian businesses were told recently by Sok Siphana, Senior Minister in charge of Special Missions, Chairman of the Trade Policy Advisory Board (TPAB) and Chairman of the Committee on the Promotion of Resolutions of Private Sector Issues. In his closing keynote address at […]
The Director General of the Council for the Promotion of International Trade Shanghai (CPIT Shanghai) Zhou Minhao, confirmed to Sun Chanthol, the First Vice President of the Council for the Development of Cambodia (CDC), aiming to explore the possibility of participating in the promotion of tourism, as well as trade and private investment between Shanghai […]
Cambodia recorded 3.53 million air travellers during the first seven months of this year, up 20%, if compared to the same period last year, said a State Secretariat of Civil Aviation’s report on Wednesday. The report said international and domestic airlines had operated 33,439 flights to the Kingdom’s three international airports during the January-July period […]
Deputy Prime Minister Sun Chanthol, first vice-president of the Council for the Development of Cambodia (CDC), has expressed a desire to see more US and EU investment in Cambodia as the CDC prepares to launch a mission in the US to attract companies there later this month. He made the remarks during a meeting with […]
The Royal Government of Cambodia (RGC) signed two memoranda of understanding (MoUs) with Canadia Bank Plc and ACLEDA Bank Plc, allowing international passengers to fill out documents, apply for visas and make payments in advance.The agreement was signed yesterday by Charles Van, Executive Vice President of Canadia Bank and Seng Youan, Director General of the […]
Acting Head of State Hun Sen Tuesday expressed satisfaction with the growing trade volume between Cambodia and Thailand. Mr Hun Sen made the remarks during a meeting with Cherdkiat Atthakor, Ambassador of Thailand to Cambodia, who paid a farewell visit to the Senate. He expressed his pleasure meeting with Ambassador Atthakor who is leaving Cambodia […]
With this, the number of projects eligible under the special investment promotion programme soared to 110 Another 27 projects worth $306 million in investments received approval for incentives recently under the ‘Special Investment Promotion Programme for Preah Sihanouk Province’ initiated by Prime Minister Hun Manet in January this year. The decision to provide the incentives […]
Siem Reap Provincial Administration is initiating measures on inter-sectoral cooperation to strengthen the quality of tourism services and develop new tourism products in the province and prepare the Angkor area to be a quality visit destination. Addressing a consultation workshop on the ‘Preparation of Siem Reap Tourism Development Plan 2025-2028’ organized by Siem Reap-Angkor Tourism […]
Kampong Speu province has proven a magnet for new business investments in the last year between September 2023 to August 2024. The region witnessed the approval of 95 new inward investment projects by the Council for the Development of Cambodia (CDC), marking the highest investment approval tally of any province, nationwide, during the period. The […]
PHNOM PENH (Phnom Penh POst/ANN): While the 2024 Gumball 3000 Rally won’t be tearing up the streets of the Kingdom for another fortnight, prominent Malaysian motorsport competitor Leona Chin has already been setting hearts racing in Cambodia. The rally will see a one-off collection of hypercars and other luxury vehicles touring the country, with the […]