Credit cards in Cambodia have grown 20 percent in 2023, showing that customers have become more savvy in using new financial instruments. The number of credit cards has risen 20 percent to 223,749 in 2023 from 185,360 in 2022. But as a percentage of total credit in the system, credit cards still form a small […]
Continuing with its robust growth, Cambodia’s exported goods worth $14.76 billion to foreign markets in the first seven months of 2024. The figure represented a 14 percent increase compared to the same period last year when exports totalled $12.9 billion, a report from the General Department of Customs and Excise showed on Sunday. The US […]
Cambodia’s aviation sector is experiencing a significant uptick in the first half of 2024 with the country’s three international airports handling a combined 3.03 million air passengers from January to June, up 22 percent from 2.48 million recorded in the same period last year. Figures from the State Secretariat of Civil Aviation (SSCA) showed that […]
Cambodia exported 173,915 tonnes of natural rubber latex in the first seven months of 2024, slightly up by 1.72% from 170,968 tonnes over the same period last year, according to a General Directorate of Rubber’s report on Sunday. The country earned $269 million in revenue from exports of the commodity during the January-July period this […]
PHNOM PENH: A new world survey says that Angkor Wat, the heart of Cambodia, ranks seventh as the place with the most tag posts on TikTok and Instagram. The report, from Titan Travel, states that Cambodia’s icon is the most tagged place in South-East Asia, with only Singapore’s Bay Garden appearing in the top 10. New York’s […]
A workshop on rubber technology was hosted by the government in Kampong Cham Province on Wednesday to impart latex harvesting skills to provincial officials. Titled ‘Transfer of Rubber Technology to Local Officers’, the workshop was held at the Department of Agriculture, Forestry and Fisheries. Organised with support from the World Wildlife Fund (WWF)-Cambodia, the workshop […]
Discussions between the Cambodia Rice Federation (CRF) and NTUC FairPrice Group, one of Singapore’s largest retailers, are underway to establish a long-term rice supply agreement, aiming to significantly increase Cambodia’s rice exports to Singapore. Chan Sokheang, President of the Cambodia Rice Federation, met with Ho Wah Lee, Independent Director of NTUC Fairprice Group of Singapore, […]
The European Chamber of Commerce in Cambodia (EuroCham) recently renewed its commitment to support the efforts of the Royal Government of Cambodia to promote investments from abroad. The message was conveyed when a delegation from EuroCham called on Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia […]
Cambodia attracted fixed-asset investment of 396 million U.S. dollars in July 2024, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. Cambodian government approved 44 investment projects last month, which could generate approximately 25,000 jobs, according to the CDC. The new projects included a special economic zone, an aluminum […]
The Council for Development of Cambodia (CDC) has greenlighted 44 new investment projects worth $396 million in July 2024. These projects are expected to generate approximately 25,000 jobs for the local workforce, stated a CDC report issued on Wednesday. China remains the top investor in Cambodia, accounting for 68 percent of the total investment capital, […]
Cambodia’s Ministry of Labour and Vocational Training (MLVT) renewed its association with the American Center for International Labor Solidarity (ACILS) by signing a Memorandum of Understanding (MoU) on Tuesday. The MoU signed between Heng Sour, Minister of Labour and Vocational Training and William Conklin, Country Director of the American Center for International Labor Solidarity (ACILS) […]
During a visit to local food processing enterprises yesterday, Minister of Industry, Science, Technology & Innovation Hem Vanndy emphasised the importance of maintaining high standards of quality, safety, hygiene, and innovation in the Cambodian food product sector, with the ultimate aim of gaining international recognition through exports. In a show of support for local businesses, […]
Prime Minister of Hun Manet, received a courtesy call from a delegation of the Japan External Trade Organisation (JETRO) led by Mio Kawada, Executive Vice President of the JETRO, at the Peace Palace yesterday. During the meeting, Kawada praised the Government of Cambodia’s efforts to improve the investment climate in Cambodia. Kawada informed the premier […]
The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. Patsalides’ comments were delivered in his introduction to the CBC’s economic bulletin for June 2024, where he highlighted the positive economic indicators that underscore Cyprus’ […]
The Funan Techo Canal project is the symbol of national pride and progress, harkening back to the historical glory of the Khmer civilization during the Funan era. This era marked a golden age when Cambodia was the key commercial and cultural gateway of the Mekong region, facilitating trade and cultural exchanges that enriched the region […]
Cambodia Monday celebrated the commencement of the highly anticipated Funan Techo Canal project, a massive infrastructure initiative that will play an important role in transforming the country’s economic landscape. The historical day was marked with a groundbreaking ceremony, presided over by Prime Minister Hun Manet. Top government officials, business leaders and representatives from the local […]