Cambodia's tourism sector is witnessing a robust recovery, highlighted by a significant increase in visitors to the Angkor Archaeological Park. In the first five months of this year, the park welcomed ...
03rd June 2024
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Cambodia and Turkey have committed to boosting bilateral trade to $1 billion annually and advancing plans for direct flights between Phnom Penh and Istanbul. The agreement was ...
31st May 2024
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Cambodia's wholesale and retail trade sector has not only recovered post-Covid but also surpassed pre-pandemic levels, driven by higher disposable incomes and a growing economy. In 2023, wholesale and retail trade reached 13,182 billion riels ...
30th May 2024
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The Council for the Development of Cambodia (CDC) has approved four new industrial projects in Kampong Speu province, with a total investment of $25 million, creating over 1,200 jobs. Confirmed by Chea Vuthy, CDC Secretary General, and ...
29th May 2024
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Cambodians' trust in insurance is evident as renewals drove the life insurance business with over 70% growth in 2023, despite the overall industry facing a slight decline of 0.5% due to banking turmoil linked to a real estate crisis. Renewals accounted ...
28th May 2024
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The Ministry of Commerce (MoC) and the National Bank of Cambodia (NBC) recently held a high-level meeting to strategize on promoting the use of the Khmer Riel, focusing on implementing price tag labeling in Khmer Riel. Co-chaired ...
27th May 2024
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According to the Annual Financial Stability Review report 2023 of the NBC, bank credit growth in Cambodia has reached its lowest in two decades, with household mortgage loans showing weak growth. The NBC noted that ...
23rd May 2024
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According to the Annual Financial Stability Review (FSR) report 2023 of the NBC, dollarization within the economy remains high, while the share of local currency has slightly increased. Most bank loans are still in US dollars, but riel-backed loans are slow ...
21st May 2024
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Cambodia and South Korea are strengthening their economic partnership by establishing special economic zones (SEZ) for Korean companies in Cambodia. This initiative, announced after a meeting between Cambodian Prime Minister ...
20th May 2024
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Prime Minister Hun Manet announced that bilateral trade between the Republic of Korea and Cambodia reached approximately $751 million last year, with Korea's foreign direct investment (FDI) in Cambodia totaling ...
17th May 2024
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