CDC 2022 reports: China’s dominant investment and robust US exports fuel Cambodia’s growth
PHNOM PENH: Cambodia offers numerous advantages to investors, some of which may not be widely recognized outside the country. The main advantages include solid economic growth, a strategic geographical location, a favorable investment climate, abundant natural resources, a competitive labor market, strategic trade agreements, growing infrastructure development, a supportive legal framework, and social and political […]
Handbook on investing in Cambodia launched
PHNOM PENH: Handbook on Investing in Cambodia” has been launched as a practical guide for foreign investors looking for opportunities in the Cambodian market, with a particular focus on the 2021 Law on Investment. The launching ceremony was held here on July 10 under the presidency of Minister Attached to the Prime Minister and Secretary […]
Cambodia sees sharp rise in digital payment, says NBC
PHNOM PEN: Cambodia has seen a significant rise in mobile payments as banks and financial institutions have introduced innovative digital payment services to support the growing demand and adoption in the new normal environment. In 2022, the number of e-wallet accounts increased to 19.5 million and the value of retail electronic payments increased by 34 […]
Cambodia’s milled rice export bags nearly $230 million in H1
PHNOM PENH: Cambodia exported a total of 329,633 tonnes of milled rice in the first semester of this year, earning some US$229 million in revenue, a Cambodia Rice Federation report said on Friday. Exported milled rice varieties included premium aromatic rice, fragrant rice, long grain white rice, parboiled rice, and organic rice, it pointed out. […]
NBC: Cambodia forecasts growth At 5.5 percent in 2023
PHNOM PENH: The National Bank of Cambodia (NBC) has forecast the country’s economic growth at 5.5 percent in 2023, with an expected yearly inflation rate of 2 percent. Still, external risks may affect economic growth. The growth forecast was unveiled in a seminar on Financial Stability Review held on July 6 at the NBC’s Centre […]
Cambodia’s real estate market: Challenges and opportunities for investors
PHNOM PENH: The real estate sector in Cambodia is still struggling to recover from the COVID-19 crisis and global recession. Experts believe that it will take longer than expected for the sector to return to its pre-crisis levels, as Cambodia also faces global economic headwinds. Despite the numerous challenges in the global landscape, including those […]
Angkor archaeological Park revenue and tourist arrivals soar
PHNOM PENH: Angkor Archaeological Park in Cambodia has seen a surge in revenue and tourist arrivals in the first six months of 2023. According to a statement from Angkor Enterprise, the state-owned company that manages the park, revenue from ticket sales increased by 638% to $17.8 million in the January-June period, compared to $2.42 million […]
NBC introduces convenient interbank transactions with CSS debit card
PHNOM PENH: Yesterday The National Bank of Cambodia (NBC) organized the official launch of the Cambodian Shared Switch (CSS) presided over by H.E. Dr. Chea Serey, Deputy Governor of the National Bank of Cambodia. CSS is developed to provide a convenient method for banking and financial institutions’ customers to conduct interbank payment transactions via CSS […]
Cellcard sold over 9 million shares on IPO market
PHNOM PENH: Neak Oknha Kith Meng, Chairman of the Royal Group announced yesterday that Over 9 million shares were subscribed to by investors, as approved by the Securities and Exchange Regulator of Cambodia (SERC). IPO proceeds will be used to expand network coverage, enhance service quality, develop innovative solutions, and prepare for 5G. Shareholders can […]
Cambodia welcomes 2.57 million foreign tourists in H1
Cambodia has welcomed some 2.57 million international visitors in the first half of 2023, a skyrocketing increase of 409 percent from 506,762 over the same period last year, the Ministry of Tourism’s report showed on Monday. About 910,000 foreign tourists visited Cambodia by air, up 279 percent; 1.63 million by land, up 526 percent; and […]
Chinese investment played a significant role in Cambodia’s economic development
PHNOM PENH: Cambodia has been experiencing strong economic growth for many years. As the economy grows, the country needs to increase its production capacity and attract investment. China is the largest investor in Cambodia, and its investments have played a significant role in the country’s economic development. H.E. Ky Sereyvath, an economics expert and the […]