The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. According to MAFF, Cambodia dedicated approximately 277,000 hectares of land to red corn cultivation in 2023, resulting in a substantial yield of over 1.5 million tonnes, […]
Cambodia and Korea yesterday discussed ways to boost tourists connectivity through the joint initiative to conduct more events, increase flights and develop infrastructures. This came as Sok Soken, Minister of Tourism received a courtesy call from the Korean delegation led by Oh Young-hun, Governor of Jeju Special Self-Governing Province of the Republic of Korea in […]
Acciona Energía, an energy development industry based in Madrid, is planning to set up wind power generation projects in the Kingdom, while Insud Pharma, a pharmaceutical manufacturing factory, intends to expand operations across Southeast Asia countries. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), visited Insud […]
The Royal Government of Cambodia expects the country’s economy to grow by six percent this year which tallies with the projection for the country made by the International Monetary Fund (IMF) recently and is also close to the 5.8 percent forecast given by the World Bank and the Asian Development Bank (ADB). Sharing the government’s […]
According to official reports on Wednesday, Cambodia earned a total of $384.4 million from the exports of milled rice and dry rubber during the first five months of 2024. A report from the Cambodia Rice Federation indicated that the kingdom exported 302,592 tons of milled rice to 63 countries and regions during the January-May period […]
Indonesian President Joko Widodo has asked the State Logistics Agency (Bulog) to consider acquiring a rice producer in Cambodia. He argued that it was better for Indonesia to invest in one producer rather than constantly importing from neighbouring countries. Data from the US Department of Agriculture showed that Indonesia is the world’s fourth largest rice […]
Cyprus’ tourism revenue soared to its highest level for the month of March in at least 23 years, achieving a robust increase of 15.5 per cent compared to the same period last year, according to a report released this week by the Cyprus Statistical Service (Cystat). The report noted that the first quarter of this […]
Spanish Secretary of State for Trade H.E. Ms. Maria Amparo Lopez Senovilla responds positively to Cambodia’s ‘door-knocking’ mission to bring in more investments from Europe. H.E. Sun Chanthol, Cambodia’s Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC) received a positive response when leading a delegation to meet […]
Cambodia’s insurance sector continued to expand, but at a slower pace, with the total premium reaching $96.5 million in the January-March period this year. The premiums went up nine percent year-on-year, a report by the Insurance Regulator of Cambodia (IRC) said yesterday. Cambodia’s insurance market comprises 18 general insurers, 14 life insurers, seven micro-insurance companies, […]
Cambodia on Monday proposed Spain to consider entering into a bilateral treaty aimed at facilitating investment and strengthen business interaction. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) told Maria Amparo López Senovilla, Secretary of State of the Ministry of Economy and Competitiveness (MINECO) of Spain […]
In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. According to a press release issued by the CDC on June 10, of the 25 investment projects, 17 are located outside the […]
Cambodia exported 667,000 tonnes of raw cashew nuts to Việt Nam in the first five months of this year, an increase of 37 per cent over the same period last year, reaching a revenue of $851 million. The Voice of Việt Nam (VOV) online newspaper quoted the chairman of the Cashew Nut Association of Cambodia, […]
Cambodia’s car tire exports have witnessed a remarkable surge in the first five months of 2024, according to data released by the Ministry of Commerce. The country exported a staggering $308 million worth of car tires, reflecting a significant 204 percent increase compared to the $101 million recorded during the same period last year, a […]
Cambodian banks might see growth of around 10 percent in 2024, said bankers. Industry insiders say that the banking growth of the past of 20 percent is no longer possible. “Given it’s relatively large base, growth numbers going forward should be around 10 percent or around two times of GDP growth rate, reflecting the level […]
Phnom Penh, June 11, 2024: The Council for the Development of Cambodia sanctioned 24 new investment projects and one expansion in May 2024, channeling more than $246 million into the economy and potentially creating approximately 15,000 jobs, as announced in a June 10 press release. Among these, 17 projects are situated outside special economic zones […]
The Council for the Development of Cambodia (CDC) approved 153 projects worth approximately $2.75 billion in the first five months of 2024, reaching over 55 percent of the total investment capital in 2023 which recorded $4.92 billion. The CDC’s latest report showed that it okayed 24 new projects and one expansion project with investment capital […]