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Khmer, Thai trade bodies form alliance

The newly-established Cambodia Business Council (CBC) in Bangkok and Thai Subcontracting Promotion Association (Thai Subcon) will join forces to enhance trade and investment between the two ASEAN neighbours, and build momentum for the implementation of Cambodia’s 2021-2023 Economic-Diplomacy Strategy. A memorandum of understanding (MoU) was signed in this regard by CBC president Sambath Sothea and […]

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Cambodia: Bicycle exports net $247mn in first semester

Cambodia exported $247.5 million worth of bicycles to foreign markets during the first six months of 2021, inching down 4.2 percent compared with the same period last year. Data from the Ministry of Commerce showed that from January to June Cambodia exported 1.259 million bicycles, a 1.8 percent increase from the 1.236 million units registered […]

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Cambodia’s Advanced Bank of Asia (ABA) partners Thunes to make instant cross-border transfers to bank accounts

Thunes, a leading global payments network, has announced a partnership with ABA Bank (“ABA”) that enables Cambodians overseas to send money back home quicker and cheaper from around the world. Previously, customers making international money transfers to Cambodia had to pay high fees averaging close to 12% on a $200 transfer and wait several days […]

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Cambodia: 79 industrial investment projects registered

The Ministry of Industry, Science, Technology and Innovation registered 79 industrial investment projects in the first semester of this year, while more than 100 factories closed. Heng Sokkong, secretary of state, and spokesman said yesterday the new industrial projects are mostly in food processing and medical wares manufacturing including face masks, anti-bacterial gel and personal […]

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