Senior officials of securities market regulator and operator said yesterday that 2023 would be a potential year for the stock exchange as there will be more securities listings on the Cambodia Securities Exchange (CSX), while development partners would provide more…
The Cambodian Ministry of Tourism confirmed it does not require tourists to show $1,000 to $2,000 in cash upon entering the country. The clarification comes after a number of airline employees asked tourists to show they had $1,000 or $2,000…
The Covid-19 pandemic has had an unprecedented impact on Cambodia’s tourism sector however, it was handled well with the proactive efforts of the government and the timely introduction of socio-economic development policies, a top tourism official has said. Speaking at…
You want to expand to a new market. But how? Which products should you export? What is your target market? A market entry strategy is where you spell out such all-important specifics. It outlines your business goals, an overview of…
The World Bank says Cambodia has one of the fastest increases in financial inclusion among developing economies in East Asia and the Pacific. In the latest Global Findex Database released in Washington Wednesday, the bank said 76 percent of people…
Prior to the Covid-19 pandemic, Cambodia was a world leader in economic growth and poverty reduction. It sustained an average growth rate of 7.7% between 1995 and 2019, raising its per capita income from $323 in 1995 to $1,621 in 2019, and…
Business leaders in Cambodia say there are plenty of opportunities for growth this year due to increased online transactions, the opportunity to collect and monetise the data gleaned from a growing digital economy, incentives provided by the new investment law,…
On June 9, 2021, Cambodian Prime Minister Hun Sen signed a sub-decree that will make Sihanoukville province a multi-purpose SEZ. The designation stands to give Sihanoukville province more latitude in structuring development initiatives and investment incentives into a wider array…
Estimated value of Cambodia’s agricultural exports (excluding fishery products, animal and forest products and rubber wood) to an estimated 68 countries in the first 10 months of 2021 was valued at more than $4billion. According to a report from Veng…
Cambodia has an opportunity to attract foreign investment (FDI) if it identifies its strengths and aggressively recruits investors, a United States-based international trade expert said during a webinar hosted by the US embassy. James Loi, partner and chief operating officer…
With its fast developing nature, Cambodia is speedily moving to be a choice location for expats and travelers all over the world, also with a booming economy the desire to holiday in Cambodia is gaining interest among many. Owning real…
Bilateral trade between Cambodia and the US amounted to $614.5 million in the first month of this year, up 4.89 per cent over the $585.8 million posted in January 2020, data from the US Census Bureau show. The Kingdom exported…
The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process. The GDCE…
The Kingdom has officially launched a “National Cassava Policy” (NCP) to boost domestic production, processing and commercialisation for export to international markets in line with the government’s Industrial Development Policy for 2015-2025. The NCP is a joint effort by the…
The Secretary-General of the Cambodia Development Council (CDC) Sok Chenda Sophea has held a meeting, to solicit opinions from all parties and improve the draft content of the new Investment Law. Permanent Secretary of State of the Ministry of Finance…
Cambodia exported more than 3.58 million tonnes of milled rice and paddy worth more than $1.26 billion in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. Outbound shipments of milled rice accounted for 690,829 tonnes worth nearly…
Cambodian importers and exporters can now apply for ASEAN Customs Declaration Documents (ACDD) electronically through the ASEAN Single Window (ASW), the General Department of Customs and Excise of Cambodia (GDCE) said on December 24. The documents will be recognised by…
Maserati announces the opening of a new market in Asia Pacific as the Brand enters Cambodia and highlights its goals to be a true global automotive player. Maserati is represented in Cambodia by HGB Group, a strong automotive operator present…
The statement was released following Thailand’s The Nation report on Nov 20 that CP All, the local operator of 7-Eleven convenience stores, had suspended its plan to launch 7-Eleven stores in Laos and Cambodia because of the ongoing COVID-19 outbreak…
The Asian Development Bank (ADB) has approved a $70 million loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products such as cassava, cashews, mangoes, vegetables, and poultry. Under the agricultural value chain competitiveness…