Business and Market
Cambodia Earns Nearly US$25m from Angkor, Koh Ker & Boat Ride Ticket Sales in H1-2024
In the first half of 2024, Cambodia generated a substantial revenue of US$24,952,996 from ticket sales for Angkor, Koh Ker, and boating activities, reflecting a significant boost in tourism. This information was revealed in a report released by the Angkor Institute on 1 July 2024. According to the report, 521,950 foreign tourists purchased tickets to […]
Read More
Historic 2,000km Overland Convoy from China to Cambodia Marks Successful Inauguration of GMS Transit Facilitation
A convoy of seven Chinese trucks and passenger vehicles has successfully completed a historic journey of over 2,000 kilometres from China to Cambodia, marking the first implementation of the Greater Mekong Subregion (GMS) Transit Facilitation Agreement. The Ministry of Public Works and Transport announced the successful arrival of the convoy in Phnom Penh and the […]
Read More
Hitachi Targets Southeast Asia Rail Market with US$1.6bn Acquisition
Hitachi aims to expand its presence in Southeast Asia’s railway market following its US$1.6 billion acquisition of Thales Group’s rail signal business on 31 May 2024, as China remains a dominant infrastructure supplier. This move enhances Hitachi’s ability to provide integrated railway solutions in Singapore and Malaysia. The announcement was made during a media roundtable […]
Read More
CAIC Secures 12-Year Deal with French Firm for Duty-Free Retail at Techo International Airport
CAIC has signed a 12-year contract with French company Lagardère Travel Retail SAS and local partner HSC Group to operate duty-free goods, essential travel equipment, and catering services at Techo International Airport. National Television of Cambodia reported this significant development on 26 June 2024. Séverine Lanthier, Executive Director for Asia and Strategy and Development Director […]
Read More
In four years, 36k Businesses Registered on Cambodia’s OBRP with Real Estate & Construction Leading the Way
Since the launch of Cambodia’s Online Business Registration Platform (OBRP) four years ago, 36,509 companies have registered, with the real estate sector leading the way. As of 15 June 2024, the businesses registered under this system boast a total investment capital of US$11.13 billion, with the construction and real estate sectors contributing US$1.18 billion and […]
Read More
750k SMEs in Cambodia Key Driver of Economic Growth, Contributing 63% to GDP and Employing Over 70% of Workforce
Cambodia has more than 750,000 small and medium-sized enterprises (SMEs) which play a pivotal role in the nation’s economy, contributing 63% to the gross domestic product (GDP) and employing more than 70% of the workforce. This significant contribution was highlighted by Samdech Hun Manet, PM of Cambodia, in his message on the occasion of the […]
Read More
Vietnam’s Trade Ministry Requests PM’s Approval on Cambodian Sand Imports to Address 2.3m Cubic Metres Demand
The Vietnamese Ministry of Industry and Trade has proposed to Prime Minister Phạm Minh Chính to import construction sand from Cambodia to address the country’s annual demand of 2.3 million cubic metres. This recommendation follows a feasibility study indicating Cambodia’s ability to supply sand for Vietnam’s long-term construction needs, as reported by Vietnamnews.vn on 24 […]
Read More
Cambodia & Singapore Launch FTC to Boost Cross-Border Financial Services
Cambodia and Singapore have launched the Financial Transparency Corridor (FTC) project to facilitate financing for small and medium enterprises (SMEs) in both countries. The initiative, announced by the National Bank of Cambodia on 18 June 2024, aims to enhance bilateral trade and investment activities by streamlining cross-border financial services. The FTC serves as a digital […]
Read More
Cambodia Introduces Tax Incentives to Integrate Informal Enterprises into Formal Economy
The Cambodian government has announced new tax incentives aimed at formalising the informal economy, targeting micro, small, and medium enterprises (MSMEs) in specific sectors. According to Sub-Decree No. 113, dated 21 May 2024, these incentives apply to businesses in wholesale, retail, and repair; accommodation and food services; craft; and agricultural communities, encouraging them to voluntarily […]
Read More
China Boosts Exports to 7.6% in May Amidst US, Europe Tightening Chinese Import Tariffs
China’s exports jumped by 7.6% year-on-year in May, providing a crucial boost to the world’s second-largest economy amid ongoing property market woes and subdued domestic demand. This significant rise, reported by the country’s customs office on Friday, outpaced April’s 1.5% increase and exceeded economists’ expectations of a 6.0% growth, according to Nikkei Asia on 7 […]
Read More