Cambodia welcomed more than 1.9 million international visitors in the first 11 months of 2022, a 12-fold increase YoY. However, it is still down 67.6% compared to 5.9 million booked for the same period of record-breaking 2019, according to the Ministry of Tourism.
02nd January 2023
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Preliminary studies on three options for a mass transit railway system for Phnom Penh have been completed, and a report will be submitted to PM Hun Sen to decide which choice to move ahead with, according to the Minister of Public Works and Transport Sun Chanthol.
27th December 2022
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The Securities and Exchange Regulator of Cambodia (SERC) has launched the FinTech Regulatory Sandbox, an environment allowing firms to experiment with innovative financial products or services with real customers in a production environment, within a well-defined space and for a limited duration.
26th December 2022
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China's largest e-retailer Alibaba Group and Cambodia have announced the Electronic World Trade Platform (eWTP) partnership, which is expected to strengthen Cambodia's economic development and digital economy.
22nd December 2022
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Cambodia's garment sector has received a boost as some big Japanese garment companies are shifting their manufacturing and procurement bases from China to Cambodia and Vietnam due to rising costs and Chinese government's zero COVID-19 policy, according to the Council for the Development of Cambodia (CDC).
21st December 2022
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From Jan to Oct 2022, Cambodia exported more than $3bn worth of agricultural products, according to the Ministry of Agriculture. Milled rice exports were at 509,249 tonnes, up 10.7% YoY, with total value of $435.4mn.
20th December 2022
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Thailand's Charoen Pokphand (CP) Group has sought support from the Cambodian government for investment opportunities in clean energy and food processing sectors.
19th December 2022
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The CSX index edged down for the second day straight, dropping 0.13% from the previous close to 476.77pts, but posting a weekly gain of 0.54%. ABC shares saw the biggest weekly gain of 0.8% to end at KHR10,660, followed by PAS shares rising 0.5% from last Friday to KHR13,060. PPWSA and PPAP gained slightly over the week to KHR7,480, and KHR14,000, respectively. PEPC shares were unchanged from last Friday, while GIT shares posted a weekly loss of 2.1%.
16th December 2022
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The CSX index rose for the sixth trading day straight, up 0.31% from the previous close to 477.8pts. The heavyweight ABC saw the biggest daily gain in the last 13 trading days, advancing another 0.56% from yesterday to end at a one-month high of KHR10,700. GTI, PPAP and PAS shares, however, edged down 0.80%, 0.14%, and 0.15% to KHR3,700, KHR13,960, and KHR13,040, respectively. PPWSA, PPSP, PEPC, DBDE, and JSL shares remained unchanged.
14th December 2022
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Cambodia's export of garments, footwear and travel goods (GFT) declined sharply during the last four months, wiping out the growth made in the first half of the year, according to GFT industry insiders. Ken Loo, secretary general of the Textile, Apparel, Footwear & Travel Goods Association in Cambodia, said that the exports during Jul-Oct period of this year came down by about 15% due to the drop in demand across the world. Loo said the decline in demand could continue till the first six months of next year, adding that Cambodia would have to work hard to remain competitive.
13th December 2022
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