Bilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita). In the January-July period, Cambodian exports to South Korea were valued at $188.2 million, inching […]
Read MoreThe National Bank of Cambodia (NBC) will be maintaining exchange rate stability over the next quarter. The decision was announced as part of the 56th Monetary Policy Committee meeting results. That meetng was held last weekend. At the meeting, the current state of the global economy was discussed along with present macroeconomic challenges to financial […]
Read MoreDigital technology will play an increasingly important role in spurring economic recovery after the COVID-19 crisis as well as promoting a new, sustainable and more resilient economy, President of the Cambodian National Assembly Heng Samrin said at the first plenum of the 42nd General Assembly of ASEAN Inter-Parliamentary Assembly (AIPA-42) held virtually on August 23. […]
Read More7-Eleven has delayed opening its first convenience store in Cambodia until the end of this year from a previously reported target in June. Kriengchai Boonpoapichart, chief financial officer at CP All Public Co Ltd, which asssigned the master franchise for the Kingdom to CP ALL (Cambodia) last year, said that opening in Phnom Penh is […]
Read MoreGovernment tax exemption status for restaurants and hotels is set to expire on Sept 30 with the authorities undecided as of yet about whether they will be extended again following the granting of nine previous rounds of amnesty. The restaurant industry contributed to some 19 percent of gross domestic product growth in 2019. Revenue fell […]
Read MoreThe prolonged spread of Covid-19 continues to dismantle the Cambodian restaurant industry. New research from the Cambodia Restaurant Association (CRA) shows that sales have been decimated by the pandemic, dropping 50 per cent last year over 2019 and now 60 per cent lower than 2020 levels. This represents a cumulative 80 per cent drop over […]
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