Cambodia’s Ministry of Commerce is calling on Sweden to invest in the Kingdom’s furniture production and vehicle assembly industries. In a meeting with Swedish Ambassador, Björn Häggmark, Minister of Commerce Pan Sorasak, asked the ambassador to persuade global furniture giant IKEA and truck manufacturer AB Volvo to take advantage of investment opportunities in Cambodia. The […]
Read MoreCambodia represents an attractive opportunity for agricultural producers based in the United States, according to a report issued by the US Department of Agriculture (USDA). The recently published “Cambodia Exporter Guide” said “Cambodia remains a potential market for US agricultural products thanks to its young population, a growing middle-income class and rising demand for high-quality […]
Read MoreCambodia’s real estate market is suffering from the effects of the Coronavirus pandemic as pre-Covid marketing was heavily geared towards foreign investors, a new survey has found. Realestate.com.kh says the market has shifted away from overseas buyers and upper-middle class Cambodians towards a broader market with a different set of priorities and lower budgets. Realestate.com.kh […]
Read MoreThe state-run online business registration system recorded a total of 6,164 businesses, representing the investment of $2.631 billion, during its first year of operation since launching on June 15. A total of 6,974 business applications were made through the system with 6,164 applications being approved according to the Ministry of Economy and Finance. Another 810 […]
Read MoreWhile Covid-19 has had an overall negative effect on global foreign direct investment (FDI), Cambodia appears to be prepared to withstand this deficit as international companies look to diversify their investments in the Kingdom. According to Enhanced Integrated Framework (EIF), a multilateral partnership dedicated to assisting least developed countries (LDCs), FDI fell in Asia by […]
Read MoreSpending only 1.4 percent of its gross domestic product (GDP) on a social safety net, Cambodia outranks ASEAN contemporaries in its relief to financially vulnerable people during the pandemic but continues to lag globally, Moody’s Investor Service reported yesterday. Moody’s placed Cambodia in “Group 2” (the second best) out of five tiers ranking social safety […]
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