Cambodia sets 2020 tourism target
Cambodian Prime Minister Hun Sen expects the country to welcome 8 million foreign visitors by 2020. Talking to local media, the PM said the country was on track to achieve the ambitious target by 2020. The largest sources of tourists to Cambodia are Vietnam, China, South ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/02/cambodia-sets-2020-tourism-target/
Rubber smuggling threatens industry’s recovery
An illicit cross-border rubber trade is thriving in Cambodia amid plummeting global prices and is threatening legitimate processing operations in the country, according to business owners and industry experts. And while Cambodia’s natural rubber export tariffs are set at between 2 and 10 percent, Vietnam ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/rubber-smuggling-threatens-industrys-recovery-73210/
PM: ‘Border ravaged by war must enrich people’
Prime Minister Hun Sen has called for further investment in establishing special economic zones (SEZs) along the border with neighbouring Vietnam. Hun Sen was speaking at the inauguration of the Da Market in Tbong Khmum province on Tuesday as the government works to attract further foreign ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-border-ravaged-war-must-enrich-people
NBC auctions $50 million
The National Bank of Cambodia (NBC) has announced a $50 million auction this week to stabilise the local currency exchange rate in the market. The NBC has informed banks, microfinance institutions (MFIs) and licensed money exchangers that the minimum rate for auction will be announced ...
Sorn Sarath
https://www.khmertimeskh.com/50775257/nbc-auctions-50-million/
UK grants GSP status to Cambodia effective 2021
Cambodia’s exports see new light with the granted duty-free and quota-free access to the markets in the United Kingdom, commencing 2021. Sok Sopheak, Secretary of State at the Ministry of Commerce shared that Cambodia will discuss with the UK counterpart on the import and export ...
Lim Nary/AKP
https://www.khmertimeskh.com/50791084/uk-grants-gsp-status-to-cambodia-effective-2021/
Demand dip drives down int’l rubber sales by 9%
Cambodia netted more than $348 million from the export of rubber latex and wood in the first nine months of 2022, falling by nine per cent year-on-year due to downward pressure on global demand, especially from China and Europe, the latter of which has seen ...
May Kunmakara
https://www.phnompenhpost.com/business/demand-dip-drives-down-intl-rubber-sales-9
Consumer credit applications up 5 percent in third quarter
The personal loan market improved significantly in the third quarter of 2022, according to the Consumer Credit Index of the Credit Bureau Cambodia (CBC). In the third quarter, the number of consumer credit applications increased marginally from the second quarter, according to the latest report. ...
Sok Sithika
https://www.khmertimeskh.com/501178749/consumer-credit-applications-up-5-percent-in-third-quarter/
Preah Sihanouk tyre plant lifts hopes for rubber
A massive, freshly-launched tyre factory, backed by a $300 million investment from Chinese-owned General Tires Technology (Cambodia) Co Ltd, could be the breakthrough that the local rubber and automotive sectors have been waiting for, and potentially act as a type of price stabiliser for domestic ...
May Kunmakara
https://www.phnompenhpost.com/business/preah-sihanouk-tyre-plant-lifts-hopes-rubber
Cambodian agri exports rise 7.8% to 8.6M tonnes
Cambodia formally exported 8.6 million tonnes of agricultural products to 74 markets last year worth nearly $5 billion, up 7.8 per cent from the 7.9 million tonnes booked in 2021, as agriculture contributed 22.2 per cent of the Kingdom’s 2022 gross domestic product (GDP), according ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-agri-exports-rise-78-86m-tonnes
Tina enlists EuroCham in push for agri loans
Minister of Agriculture, Forestry and Fisheries Dith Tina on March 27 asked the European Chamber of Commerce in Cambodia (EuroCham) to work with European banks to look into providing greater access to low-interest loans for Cambodian individuals and entities, with a focus on setting the ...
Hin Pisei
https://www.phnompenhpost.com/business/tina-enlists-eurocham-push-agri-loans
Tina enlists EuroCham in push for agri loans
Minister of Agriculture, Forestry and Fisheries Dith Tina on March 27 asked the European Chamber of Commerce in Cambodia (EuroCham) to work with European banks to look into providing greater access to low-interest loans for Cambodian individuals and entities, with a focus on setting the ...
Hin Pisei
https://www.phnompenhpost.com/business/tina-enlists-eurocham-push-agri-loans
SERC program allows creation of investor, trading accounts
The Securities and Exchange Commission of Cambodia (SERC) last week formally rolled out an online program simultaneously allowing interested individuals to open investor accounts with the government agency and set up trading accounts with the Cambodia Securities Exchange (CSX), according to CSX market operations director ...
May Kunmakara
https://www.phnompenhpost.com/business/serc-program-allows-creation-investor-trading-accounts
City on a hill sparks little talk
A casino complex on top of Kampot province’s Bokor Mountain will open in less than two weeks – but environmental groups are strangely quiet about the effects the development, the size of a small city, could have on Cambodia’s natural heritage. The complex, in the Preah ...
Challenging business for startups
The World Bank recently ranked Cambodia 184th out of 189 countries for ease of starting a business, but you wouldn’t have known it at Phnom Penh’s recent Startup Weekend. Pitches for Cambodia’s first commercial organic chicken farm and for an app to connect tuk-tuk drivers to ...
Justine Drennan
http://www.phnompenhpost.com/business/challenging-business-startups
Joint statement on the enforcement of Sub-decree 133 implementation in Cambodia
On 29 June 2020, the World Health Organization (WHO), United Nations International Children’s Fund (Unicef) and Hellen Keller International (HKI) issued a joint statement to applaud the action taken by the Royal Government of Cambodia and the Ministry of Health in an effort to enforce ...
World Health Organization (WHO), United Nations International Children's Fund (Unicef) and Hellen Keller International (HKI)
Fashion retail enters the online era
SOURSDEY Fashion occupies a small shopfront near the Russian Market. It looks similar to many of the small boutiques sprouting up across Phnom Penh, packed with the latest in fashion aimed at young, trendy consumers. But the shop’s business plan differs from that of many ...
TNT expands Asia Road Network
TNT Express linked its Chinese day-definite domestic road services into its Asia Road Network. This has created the only scheduled day-definite road network covering China, Vietnam, Cambodia, Laos, Thailand, Malaysia and Singapore, said the operator. CEO Marie-Christine Lombard said: “With the integration of TNT’s two ...
http://www.ifw-net.com/freightpubs/ifw/index/tnt-expands-asia-road-network/20017904622.htm
Japan Asks for Tax Breaks, Better Regulations
The Japanese Embassy in Phnom Penh appealed to the Cambodian government Tuesday to help encourage Japanese investment here by providing corporate tax holidays and reducing notoriously high customs tariffs by adopting more transparent and efficient practices. According to a set of requests prepared by the ...
New Law to Force Garment Factories to Provide On-Site Housing
In an effort to stop mass faintings at garment factories, a government committee will issue a prakas this year aimed at reducing fatigue among workers by requiring factories to establish on-site housing, an official said yesterday. Pok Vanthath, deputy director of vocational training at the Ministry ...
Locals Pay Almost Double for iPhone Amid High Demand
Cambodian customers eager to buy Apple Inc.’s newest iPhone are paying almost double the company’s asking price in the U.S., phone vendors in Phnom Penh said yesterday. At about a dozen phone shops near Phnom Penh’s Central Market, vendors were doing a steady trade in the ...