Australia partners agri-food strategy
Cambodia and Australia inaugurated a new Food Innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...
Sok Raksa
https://www.phnompenhpost.com/business/australia-partners-agri-food-strategy
Nearly 43% decline in bicycle exports
Cambodia exported bicycles worth $424 million to foreign markets in the first nine months of 2023, a drop of 42.8 percent compared to the same period last year which recorded $742 million, said a Ministry of Commerce’s report yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501375670/nearly-43-decline-in-bicycle-exports/
Livelihoods in Cambodia improve when China-funded rural road projects are completed
For Dul Sarath, a 34-year-old vegetable grower in central Cambodia’s Kampong Tralach district, Kampong Chhnang, a China-funded rural road project has made travel and the transport of produce from farms to town markets easier, saving both time and money. ...
Khmer Times Staff
https://www.khmertimeskh.com/501193088/livelihoods-in-cambodia-improve-when-china-funded-rural-road-projects-are-completed/
USAID partners with private agri-businesses, invests $4M
The United States Agency for International Development (USAID) announced new partnerships with three Cambodian private agricultural companies. More than $4 million will be invested in expanding the economic opportunities and access to domestic and international markets of smallholder farmers. ...
Ry Sochan and Van Socheata
https://www.phnompenhpost.com/national/usaid-partners-private-agri-businesses-invests-4m
New loan agreement standard for financial industry breeds debate
A “Standard of Loan Agreement” for the financial sector is under preparation, and institutions are expected to begin adopting its principles by June. But insiders and observers have expressed differing views on the precise provisions of the instrument, its potential effects on market competition, and ...
Rann Reuy
https://www.phnompenhpost.com/business/new-loan-agreement-standard-financial-industry-breeds-debate
Cambodian T&A industry needs to align product mix as per global trends
Cambodia’s Industrial Transformation Map for Textile and Apparel Industry 2023-2027 (T&A ITM) sees a need for the sector to align its product mix as per global sourcing trends, integrate backwards to reduce dependence on imports and diversify its market mix. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501282182/cambodian-ta-industry-needs-to-align-product-mix-as-per-global-trends/
Banking and Financial Institutions' Code of Conduct, Lending Guidelines go into 'full implementation'
Prominent market players have affirmed that they are on board with the Banking and Financial Institutions’ Code of Conduct (BFI CoC) and associated Lending Guidelines, as well as their underlying objective to drive trust and professionalism in the field, as these sets of rules go ...
May Kunmakara
https://www.phnompenhpost.com/business/banking-and-financial-institutions-code-conduct-lending-guidelines-go-full-implementation
Rubber exports edge up even as prices drop
Cambodia netted $79.370 million from the export of natural rubber latex and wood in the first two months of 2023, marking a slight increase year-on-year, even amid a decline in prices on international markets for the locally-produced white sap, according to the Ministry of Agriculture, ...
Hin Pisei
https://www.phnompenhpost.com/business/rubber-exports-edge-even-prices-drop
Cambodia supports Timor-Leste WTO membership bid
Cambodia and Timor-Leste have co-signed a memorandum of understanding (MoU), following the conclusion of bilateral talks on a pledge to open markets for trade of goods and services. ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-supports-timor-leste-wto-membership-bid
Rice exports approach one million tonnes exported in first two months of 2023
In the first two months of 2023, Cambodia exported nearly 100,000 tonnes of milled rice worth $72.67 million to 38 markets through 40 milled rice export companies, according to a report from the Cambodia Rice Federation (CRF). ...
Van Socheata
https://www.phnompenhpost.com/business/rice-exports-approach-one-million-tonnes-exported-first-two-months-2023
Ministry of Economy to raise $6.8M through sovereign bond issuance
The Ministry of Economy and Finance plans to raise approximately 28 billion riel ($6.8 million) through the issuance of sovereign bonds via the National Bank of Cambodia’s (NBC) online trading platform (NBCP), aiming to garner additional funds from the capital market for public investments. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-to-issue-bonds-worth-28b-for-progress
ARDB loans helping rice price stabilisation
Loans issued by the state-run Agriculture and Rural Development Bank (ARDB) have contributed towards stabilising the market price of rice apart from enhancing processing facilities and boosting exports, according to Aun Pornmoniroth, the Deputy Prime Minister and Minister of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501407295/ardb-loans-helping-rice-price-stabilisation/
US lead purchaser of Cambodian goods in January
The US emerged as the leading buyer of Cambodian exports in the first month of 2024, with purchases nearing $630 million, approximately a third of the country’s total exports to the global market, as reported by the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/us-lead-purchaser-of-cambodian-goods-in-january
CABS provides opportunity for regional connectivity, says MoC
Cambodia’s commitment and efforts in unleashing the broader ASEAN market and beyond cropped up for discussion on Monday evening during the cocktail networking event of the Cambodia-ASEAN Business Summit (CABS) at Sofitel Phnom Penh Phokeethra in the capital. ...
Nhean Chamrong
https://www.khmertimeskh.com/501466686/cabs-provides-opportunity-for-regional-connectivity-says-moc/
Use domestic rubber as raw material, PM tells tyre factories
Prime Minister Hun Manet has asked all tyre factories in the country to use domestic rubber as raw material inputs, creating a market for rubber plantation farmers even as two more tyre factory projects have received in-principle approval for investment in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501480753/use-domestic-rubber-as-raw-material-pm-tells-tyre-factories/
Royal Group linked to new $2.2bn firm
A fertiliser company that has been approved to do billions of dollars’ worth of business in Cambodia, and is presumed to be based in the United Kingdom, is in fact affiliated with domestic conglomerate Royal Group, an insider has confirmed. Nitrogen Chemicals and Fertiliser (Cambodia) Ltd ...
Demand for city property slowly returning
Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead ...
New plant a benefit for cassava crop
An ethanol plant planned for Cambodia’s Banteay Meanchey province would push local production of the crop, as well as decreased reliance on foreign markets, officials and cassava farmers said yesterday. Construction on the joint venture between a Chinese firm and Cambodia’s National Company for Development will ...
Control credit, says Moody's
While Cambodia’s Moody’s rating is still at the same B2 level as last year, its economic growth has been downgraded two points from 2015, with the international credit rating agency warning that the Kingdom’s rapid pace of credit growth could pose financial stability risks. “The pace ...
May Kunmakara
http://www.khmertimeskh.com/news/28970/control-credit--says-moody-s/
Rice bound for Indonesia?
The Cambodia Rice Federation (CRF) hopes to export around 200,000 tons of milled rice a year to Indonesia, which is one of the biggest rice markets in Asean. This comes after the CRF announced late last month that it will not join the bid to ...
Chea Vannak
http://www.khmertimeskh.com/news/29485/rice-bound-for-indonesia-/