The Prime Minister of Cambodia, Dr. Hun Manet, has announced that he has welcomed foreign investors from every country, not just China. The announcement was made by Dr. Hun Manet during the premier and First Lady’s meeting with Cambodians in Australia and New Zealand on March 3, 2024. “Some people said that Cambodia is only […]
National carrier Cambodia Angkor Air announced its new air route, offering direct flights between Phnom Penh and India’s capital New Delhi. “Experience our new destination. New route to Delhi, India, will commence operation soon,” the Phnom Penh-based airline wrote in a Facebook post last Thursday. The firm, however, did not give details about the flight […]
Thailand’s Petroleum Exploration and Production Industry Club has supported the government’s efforts to initiate fresh talks with Cambodia on joint exploration of oil and gas in the Overlapping Claims Area (OCA) of the Gulf of Thailand. The club supports OCA negotiations with Cambodia, said Nipatsin Yimyam, Chairman of the club which is functioning under the […]
Financial institutions like Wing Bank, AMK Microfinance (MFI), Boost Capital are focusing on agriculture-driven tech. In recent months, AMK has developed its own in-house app to enable farmers and rural labourers to pay loan installments and open accounts online. Microfinance in Cambodia largely depends on its field force of collection agents, who collect loan installments […]
In October of 2022, a business seminar in Jakarta, Indonesia, titled ‘Cambodia: An Overlooked Destination for Business and Investment,’ was co-organized by Aquarii BD Cambodia and the Indonesia Chamber of Commerce in Cambodia (IndoCham), to foster business and investment connections and to clarify misperceptions and address outdated perspectives about Cambodia. It attracted more than 120 […]
Ahead of the 113th anniversary of International Women’s Day on March 8, the Ministry of Tourism addressed women’s role in the digitalisation of Cambodia’s economy at a special event on their premises in Phnom Penh on Friday. Minister for Tourism Sok Soken spoke on the occasion elaborating on the numerous challenges facing women as the […]
On the occasion of its fourth anniversary, Panda Commercial Bank PLC launched a private banking service for high-net-worth clients. “This bespoke service guarantees an exclusive and personalized banking experience, with a dedicated relationship management team for our clients to meet their financial and non-financial aspirations. It’s more than banking; it’s about crafting journeys of financial […]
In a bid to foster greater economic cooperation between Indonesia and Cambodia, the Indonesian Ministry of Trade, in collaboration with the Indonesian Embassy in Phnom Penh, hosted a business matching event on Friday aimed at connecting young entrepreneurs from both countries. The event, held at the Indonesian Ministry of Trade’s Permanent Trade Exhibition, saw the […]
The ‘Comprehensive Intermodal Transport and Logistics System Master Plan 2023-2033’ (CITLS) is clearly Cambodia’s most goal-oriented and ball-on-fire master plan in recent years. It was the brainchild of the previous dispensation headed by former Prime Minister Hun Sen and years of hard work of Aun Pornmoniroth, the savvy Deputy Prime Minister and Minister of Economy […]
IDP Education is planning to expand its business in Cambodia, by opening a branch in Siem Reap province in the near future, and then in Battambang, Kampong Cham and Kampot provinces, Sihanoukville of Preah Sihanouk province, and Poipet of Banteay Meanchey province. The expansion plan was revealed by Ms. Tennealle O’Shannessy, CEO of IDP Education, […]
In the afternoon of March 2, 2024, Prime Minister Hun Manet, received Mario Vecchio, Chief Executive Officer and President of FreshStart Energy, for a courtesy call and discussion on the occasion of the ASEAN-Australia Special Summit in Melbourne, Australia. On the occasion of the meeting, Mario Vecchio thanked PM Hun Manet for taking the time […]
Cambodia’s famed Angkor Archaeological Park attracted 235,850 foreign visitors in the first two months of 2024, up 50 percent from 156,951 in the same period last year. The ancient site made $11.2 million in revenue from ticket sales during the January-February period this year, also up 52 percent from $7.38 million in the same period […]
Cambodia registered 604 new electric vehicles (EVs) in 2023, bringing the total number to 1,335 in the Southeast Asian country, said a report from the Ministry of Public Works and Transport on Friday. EVs have gained momentum in Cambodia in recent years, the report said, adding that the kingdom logged only five EVs in 2020 […]
A Japanese company has decided to invest more than $1 million in the construction of an additional cashew processing plant in Kampong Thom province to increase exports to foreign markets. Touch BunHour, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries, spoke of the Japanese investment at a ceremony on Wednesday February 28 […]
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries hit $2.74 billion in January, an increase of 21.2 percent year on year, said a Ministry of Commerce report on Thursday. The report said Cambodia’s total trade volume with other RCEP members accounted for 67.6 percent of the Southeast Asian country’s total trade of […]
The state-owned Sihanoukville Autonomous Port (PAS), Cambodia’s largest shipping facility, saw a 6.35 percent rise in container volume in 2023, said its report released on Friday. The seaport handled 797,778 20-foot-equivalent units, or TEUs (standard-sized containers), last year, up 6.35 percent from 750,148 TEUs a year earlier, the report said. It added that containerized cargo […]