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Cambodia: Deputy Governor of NBC call for greater participation in the use of the riel to enhance national currency

The Deputy Governor and Technical Director General of the National Bank of Cambodia, Dr Chea Serey, called on entrepreneurs and people, especially workers, to use the riel more widely to promote the national currency. The call came during a meeting with a delegation from the Cambodian Young Entrepreneurs Association. According to the National Bank of […]

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Cambodia’s rice exports not impacted by Russia-Ukraine crisis

The Russia-Ukraine conflict will have no significant influence on Cambodia’s rice exports, according to the Cambodia Rice Federation (CRF). Concerns have been raised about potential supply chain disruptions as a result of the war or sanctions levied against Moscow and Russian entities. However, CRF Secretary-General Lun Yeng said that neither the Eastern European country was […]

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Cambodia: Garment, footwear and travel goods Development Strategic Plan to attract more investment

Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investments and contribute to sustainable development in the sector. Ith Samheng, Minister of Labour and Vocational Training, made the note in a meeting with Okhna Kong Sang, President of Garment Manufacturers Association in Cambodia (GMAC) here in Phnom Penh this week. […]

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Cambodia’s insurance industry grows by 9.5 percent to $293.3 million in premiums in 2021

Cambodia’s insurance industry reported a total premium of $293.4 million in 2021, up 9.5 percent year-on-year, despite the economic fallout from the COVID-19 pandemic, according to a report of the Insurance Regulator of Cambodia (IRC) on Saturday. The growth was generated from 18 general insurers, 14 life insurers, seven micro-insurance companies and one reinsurance firm, […]

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Cambodia: Profits disappoint as garment exports grow

Experts have warned that recent growth in garment industry exports may not translate to improved profit margins owing to increased production costs, as the latest industry figures reveal that exports of textile-related products in 2021 increased by over 15 per cent from the year before. Data from the Garment Manufacturers Association in Cambodia (GMAC) reveal […]

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