Chinese Foreign Minister Wang Yi has announced a funding of 300 million yuan (equivalent to $41.34 million) to develop high-speed railway infrastructure in Cambodia. The project, which includes the Phnom Penh-Sihanoukville Expressway, ...
15th August 2023
See More
Cambodia exported $13.525 billion worth of goods to international markets in January-July 2023, a 2% decrease from the previous year. The top three export destinations were the US, Vietnam, and China, with shipments worth ...
14th August 2023
See More
The new Royal Government of Cambodia, set to take office on August 22, will set a macroeconomic target of 7% GDP growth in the medium or long-term. This commitment was revealed at a discussion forum at Hyatt Regency Phnom Penh, where representatives ...
11th August 2023
See More
The Ministry of Economy and Finance (MEF) has partnered with development partners (DPs) and non-sovereign arms to develop a common framework for providing direct loans to the private sector. The forum, held at Hyatt Regency Phnom Penh, aimed ...
10th August 2023
See More
Cambodia collected 11,497.98 billion riels (approximately $2.79 billion) in taxes in the first half of 2023, 49.1% of the target ($5,692 million). The country has two tax collection institutions: the General Department of Taxation (GDT) and the ...
09th August 2023
See More
The Ministry of Commerce has announced that the sub-decree on requirements and procedures for business merging will take effect on September 6, 2023. The sub-decree outlines three main obligations for businesspeople when merging multiple ...
08th August 2023
See More
The Cambodian banking industry is facing increasing systemic risks due to the looming economic uncertainty and rising non-performing loans (NPLs). Key indicators, such as Total Credit (% of GDP), Credit Non-financial (% of GDP), and Domestic Credit to Private Sector (% of GDP) are recorded at 195%, 188%, and 177%, respectively, as of the end of 2022..
07th August 2023
See More
Cambodia's insurance sector experienced a 7.5% increase in premiums in June 2022, driven by 18 general insurers, 14 life insurers, seven micro-insurance companies, one reinsurance firm, and 20 insurance brokers, 34 ...
07th August 2023
See More
Cambodia's Minister of Commerce has called on Jason Smith, chairman of the US House Committee on Ways and Means, to strongly consider re-authorising the Generalised System of Preferences (GSP) for Cambodia. The GSP scheme lapsed ...
04th August 2023
See More
Cambodia has experienced a significant increase in mobile payments due to the shift from cash-based to digital transactions. The number of registered e-wallet accounts reached 20.2 ...
03rd August 2023
See More