The insurance sector in Cambodia proved resilient in 2020 despite the pandemic, with total gross premiums nationwide increasing by 7.8 percent to $264.9 million. However, there remains ample room for growth, as Forte Insurance Group Chief Executive Officer Youk Chamroeunrith told Khmer Times that insurance penetration in the country is still at less than 1 percent. According […]
Read MoreChina-based Jiangsu General Science Technology Co Ltd plans to invest 1.3 billion yuan ($203 million) to set up a tyre-processing plant in Cambodia with a production capacity of six million units per year, Tyrepress Media reported on June 7. Slated for Sihanoukville Special Economic Zone, construction is expected to take 15 months, with the plant […]
Read MoreA total of 76,698 domestic visitors toured the country, especially ecotourism areas, during first weekend of this month, according to Thong Khon, Cambodian Minister of Tourism. The figure shows a remarkable increase of 7.19 percent compared to the previous week, but a decline of 49.88 percent compared to the same period of 2020. Of the […]
Read MoreSingaporean property and real estate developer Hong Lai Huat Group’s wholly owned subsidiary HLH Agri International is to sell its entire interest in the Gallop Kranji Farm Resort in Singapore in order to fully concentrate its business activities in Cambodia. That’s according to a regulatory filing released by the group on Sunday. HLH Agri R&D, […]
Read MoreThe government has launched a 15-year policy framework for the Kingdom’s evolving digital socioeconomic environment to pave the way for a thriving digital economy, as a new engine of economic growth. The Cambodia Digital Economy and Social Policy Framework 2021-2035 is expected to inject fresh momentum into the Kingdom’s information and communication technology (ICT) sector […]
Read MoreCambodia-Vietnam trade sharply increased by 22 per cent in the first quarter of 2021 on a yearly basis, reaching a record high of $3.892 billion, despite tightened border controls over fears of spreading the Covid-19 pandemic, according to the Vietnamese embassy in Phnom Penh. Vietnamese National Assembly (NA) chairman Vuong Dinh Hue told his Cambodian […]
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