The publicly listed Royal Group Phnom Penh Special Economic Zone (Royal Group PPSEZ) of the conglomerate Royal Group of Companies yesterday announced to pay cash dividend at the payout ratio of 40 percent from the operating profits or more than $765,000 to its shareholders in the public, according to a senior officer of the firm. […]
Read MoreCambodia has won a lawsuit against the European Commission’s decision to revoke the tariff preferences for the import of rice from Cambodia to the European Union. This is according to a press release received by local news this morning. According to the Cambodian Rice Federation, in early November 2022, the Kingdom of Cambodia won the […]
Read MoreThe business-to-business-to-customer (B2B2C) e-commerce platform has gained support from local small and medium enterprises and consumers ever since it was launched in April this year. Penn Sovicheat, Under-secretary of state and spokesman at the Ministry of Commerce, said on Monday transactions at the e-commerce platform via CambodiaTrade.com have remarkably increased. “The trading activities of CambodiaTrade […]
Read MoreThe poverty rate in Cambodia, which had declined by almost half between 2009 and 2019, increased again with the Covid-19 outbreak, says a World Bank report released yesterday. Cambodia’s poverty declined from 33.8 percent to 17.8 percent in 10 years to 2019 with almost 2 million Cambodians coming out of poverty, says the World Bank’s […]
Read MoreThe Council for the Development of Cambodia (CDC) approved 52 fixed asset investment projects worth over $460 million in the third quarter of 2022, up 10.6 percent as compared to the same period last year. The approved investment projects generated 40,274 jobs for local people, according to a recent report from the Ministry of Economy […]
Read MoreThe efforts taken by the National Bank of Cambodia (NBC) to standardize the banking QR codes across the country through the implementation of the KHQR code have been welcomed by the financial sector with many banks already joining the system officially launched earlier in July this year. All financial institutions that are members of the […]
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