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Business News

Chinese Firms Exploring Investment Opportunities in Preah Sihanouk

AKP Phnom Penh, January 15, 2019 -- Eight companies from Guangxi province of the People’s Republic of China have explored investment opportunities in Preah Sihanouk province of Cambodia. The intention was highlighted during a recent meeting between Preah Sihanouk provincial Governor H.E. Yun Min and delegation of China Investment Promot...

Development Council Approves Three Investment Projects

AKP Phnom Penh, January 11, 2019 -- Council for the Development of Cambodia has just approved three investment projects worth over US$20 million. The information was shared in a recent press release of the development council, specifying that those are garment, bag and foodwear investments. One of the investment project will take place in...

Some 626,000 Tons of Milled Rice Exported in 2018

AKP Phnom Penh, January 10, 2019 -- Cambodia exported 626,225 tons of milled rice throughout 2018, according to a report from Secretariat of One Window Service for Rice Export Formality. The mentioned amount of rice was shipped to markets in 62 countries – of them China was Cambodia’s largest market buying 27.17 percent or 170,154...

Cambodia’s Double Taxation with Three Nations Effective from This Month

AKP Phnom Penh, January 10, 2019 -- Cambodia’s double taxation agreements with Brunei, China and Vietnam are effective from January this year onward. The update was shared in a press release from the Ministry of Economy and Finance, stressing that the agreements – of bilateral nature – play a vital role in preventing double...

70 Tons of GI-Granted Cambodia’s Pepper Produced in 2018

AKP Phnom Penh, January 09, 2019 -- Kampot Pepper Promotion Association produced about 70 tons of Geographical Indication (GI) granted pepper in 2018, and 50 tons of which were exported to international markets. Potential markets for GI Kampot pepper include Europe, United States of America, Japan, South Korea, and China. “The bigges...

Banking and Microfinance – Backbone of Cambodia’s Growth

AKP Phnom Penh, December 28, 2018 -- Banking and microfinance sectors are playing a crucial role in enhancing people’s living conditions as well as national economic growth. The highlight was made by Deputy Prime Minister and Minister of Economy and Finance H.E. Aun Pornmoniroth when presiding over the opening ceremony of new ACLEDA Ins...

Five-Star Hotel To Emerge in Koh Thom of Kandal Province

AKP Phnom Penh, December 28, 2018 -- Investment worth US$94.5 million has been approved by the government to build a five-star hotel in Kandal province of Cambodia, according to local media report. The investment project, added the source, was approved recently by the Council for the Development of Cambodia (CDC). Located in Chrey Th...

Cambodia’s Trade Volume with Foreign Countries Up 5% in 2018

AKP Phnom Penh, December 26, 2018 -- Trade volume of Cambodia with foreign countries this year reached US$24,985 million, up about 5 percent from US$23,796 million in 2017. The figures were shared by Ministry of Commerce (MOC) in its two-day annual meeting which was wrapped up here yesterday under the presidency of Deputy Prime Minister and M...

80 Microfinances Operating Across Cambodia

AKP Phnom Penh, December 26, 2018 -- Cambodia has currently a total of 80 microfinance institutions operating throughout the country, according to local media report. The source cited Mr. Rath Sovannorak, Director General of National Banking Supervision sharing so when presiding over the opening ceremony of a new building of a leading microfi...

Government Approves 10 New Investment Projects

AKP Phnom Penh, December 25, 2018 -- Council for the Development of Cambodia (CDC) has licenced ten new investment project worth almost US$300 million, according to local media report. Phnom Penh capital alone hosts four of the newly approved projects including, beverages, light bulb, and plastic material manufacturers. O...

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