Investment projects worth $83M to create 2K jobs
Around 2,000 jobs are expected to be created in the country after the Council for the Development of Cambodia (CDC) approved five investment projects worth $82.7M...
02nd September 2022
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Sihanoukville Port's profit rise jump 220% YoY on expansion
The state-owned Sihanoukville Autonomous Port (PAS) saw a jump in profit by 219% YoY or $7.57 million to about $11 million in the second quarter of this year compared to $3.43 million in the same period of last year, according to a senior official of the port. The official said in the second quarterly report released by PAS for 2022...
01st September 2022
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QR Cross Border Payment in other countries - ACLEDA Bank Plc.
Acleda Bank Plc has geared up its process to develop a QR Code for cross-border payment among the Asean (Association of Southeast Asian Nations), said a senior official of the bank. Commissioned by the National Bank of Cambodia (NBC), Acleda Bank Plc will develop a QR Code...
31st August 2022
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Japanese investors urge Cambodian government to expedite digital economy
Japanese investors and businesspeople have urged the Cambodian government to expedite the growth of the digital economy and digitalization as the formalities in government agencies are slowly moving due to exercising analogue, while the banking and financial sectors have developed fast, probably faster than Japan...
29th August 2022
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Chinese firm to build tyre factory in Cambodia
China's General Science Technology is to build a $200mn plant in Cambodia the capacity to produce 6 million passenger car tyres annually, according to the firm announcement. To be located in Sihanoukville Special Economic Zone, the plant is expected to take 15 months to complete and is set for operation in Sep 2022. Once fully operational, the plant will create...
09th June 2021
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Haystack Asia acquires 25% stake in Camboticket
Haystack Asia Capital Limited has acquired 25% stake in Camboticket, the foremost online booking platform for buses, ferries and taxis in Cambodia, Laos, Thailand and Vietnam. Camboticket was founded in 2014 with a singular mission to revolutionize Cambodia's inefficient counter booking system and bring its booming travel into the new age of online booking...
07th June 2021
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Chilli exports up 95% in first five months
Cambodia's fresh chilli export saw a dramatic rise during the first five months of this year, according to the statistics shared recently by Minister of Agriculture, Forestry and Fisheries Veng Sakhon. From January to May 2021, 56,507 tonnes of fresh chillies have been exported...
04th June 2021
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Mango exports reach nearly 157,000 tonnes in first five months
Cambodia exported in total 156,7234 tonnes of fresh mangoes to international markets during the first five months of this year, according to MAFF. It is a jump by 255% compared to the same period last year, MAFF....
03rd June 2021
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Cambodia introduces e-commerce tax
Cambodia will require tech companies without a physical presence in the country to pay a 10% value-added tax (VAT) on their sales of digital goods and services, making it the latest country in Southeast Asia to levy charges on recognizable firms like Google, Facebook, Netflix, and AliExpress...
02nd June 2021
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Foodpanda to expand to K. Speu province
Food delivery giant Foodpanda has announced its plan to expand into Kampong Speu province, which will mark the 11th Cambodian province in which the company has a presence. Foodpanda is one of the most successful and popular food delivery companies...
01st June 2021
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