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China pledges funding for Cambodian railway upgrade

China has pledged to provide Yuan 300m ($US 44m) to Cambodia to support the project to upgrade the Phnom Penh – Poipet railway to a 160km/h standard-gauge electrified line. ...

Kevin Smith
https://www.railjournal.com/regions/asia/china-pledges-funding-for-cambodian-railway-upgrade/

Cambodia’s foreign trade declines 29% in January

Cambodia’s foreign trade declined by 29 percent in January 2023 compared to the same period in 2022 and recorded $3.4 billion, according to a report by the General Department of Customs and Excise (GDCE) yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501238161/cambodias-foreign-trade-declines-29-in-january/

Cambodia-China trade at $1.7B in first two months

The trade volume between Cambodia and China reached $1.7 billion in the first two months of 2023, down 15.6 percent year-on-year, according to a report from the General Department of Customs and Excise. ...

Chea Vanyuth
https://www.khmertimeskh.com/501255082/cambodia-china-trade-at-1-7b-in-first-two-months/

Bush meat poses ‘virus threat’

According to a recent scientific study, many of the viruses that caused some of the world’s most serious health risk outbreaks were transmitted from wild animals to humans. ...

Post Staff
https://www.phnompenhpost.com/national/bush-meat-poses-virus-threat

Cambodia’s trade with RCEP countries hit $31 bln last year

Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries reached 31 billion U.S. dollars in 2022, up 4 percent from a year earlier, according to a Ministry of Commerce report released on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501221471/cambodias-trade-with-rcep-countries-hit-31-bln-last-year/

SIM card bank scam warning issued

The Association of Banks in Cambodia is cautioning bank customers to avoid clicking on any suspicious links after a $100,000 loss by an ABA bank customer due to a SIM card-related account hack. ...

Mao Sreypich
https://kiripost.com/stories/sim-card-bank-scam-warning-issued

Cambodia, Thailand to enlarge trade, investment ties

Cambodia and Thailand yesterday vowed to foster bilateral trade and investment by facilitating a better border-crossing mechanism for goods even as the two countries upgraded their ties to a strategic partnership. ...

Chea Vanyuth
https://www.khmertimeskh.com/501436273/cambodia-thailand-to-enlarge-trade-investment-ties/

Cambodia, Canada sign MoU on establishment of bilateral consultations

Cambodia and Canada on Tuesday signed a memorandum of understanding (MoU) on the establishment of bilateral consultations between foreign ministries of the two countries, according to a news release from the Cambodian Foreign Ministry. ...

Khmer Times Staff
https://www.khmertimeskh.com/501443433/cambodia-canada-sign-mou-on-establishment-of-bilateral-consultations/

Cambodia’s bicycle exports decline 38%

Cambodia’s bicycle exports plummeted 38 percent year-on-year in the first half of 2024 with the export value going down to $205 million, according to a report released by the Ministry of Commerce. ...

Chea Vanyuth
https://www.khmertimeskh.com/501525297/cambodias-bicycle-exports-decline-38/

More money for meat

Meat prices on Phnom Penh’s markets have seen large gains over the first half of the year, according to figures from the Ministry of Commerce’s Trade Promotion Department. Local vendors say the price increase comes due to a decrease in imports, forcing purchases of domestically ...

http://www.phnompenhpost.com/index.php/2011070450154/Business/more-money-for-meat.html

Growth in vehicle sales fuelled by bank loans, dealers say

Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, increased ...

http://www.phnompenhpost.com/index.php/2011070450153/Business/growth-in-vehicle-sales-fuelled-by-bank-loans-dealers-say.html

Newly Paved Road Expected to Up M’kiri Trade

With the paving of the road from Sen Monorom City to a planned international border crossing with Vietnam recently completed, cross-border trade in the area is expected to rise, officials said. Chinese-owned company Roch China Construction finished paving the 32-km road last month using a ...

Despite downgrades, bankers report uptick

Despite the recent downgrading of two of Cambodia’s major banks by ratings agencies Moody’s and Standard & Poor’s, bankers said yesterday that profits are up, loan portfolios are growing at a fast tick and non-performing loans are shrinking. In Channy, president and CEO of Acleda Bank, ...

Thai rail link back on track

Representatives from Cambodia and Thailand yesterday agreed to a 2013 completion date for a railway link from Phnom Penh across the Cambodia-Thailand border crossing at Poipet. Outdated agreements had delayed the project, Thai officials said. Insiders have also said disagreements over cross-border trade have kept the ...

http://www.phnompenhpost.com/index.php/2011121353318/Business/thai-rail-link-back-on-track.html

No Malaysia agreement on migrant workers

About 177,000 Cambodian men and women were working abroad as of the end of 2010, and about $180 million was remitted to Cambodia from 126,000 migrant workers in Thailand, Malaysia, Japan and South Korea last year, according to a letter written by Prime Minister Hun ...

Cambodia eyes solar future for rural power

Cambodian officials yesterday touted the potential for green energy to meet its goal of bringing electricity to 100 percent of households by 2020. The Kingdom was looking to develop solar energy, small-scale hydropower and biomass-fuelled power to meet the target, said Ministry of Industry, Mines and ...

http://www.phnompenhpost.com/index.php/2011072950712/Business/cambodia-eyes-solar-future-for-rural-power.html

B’bang Protesters Seek Help in Land Dispute

About 60 villagers from Battambang province’s Sampov Loun district gathered in Phnom Penh’s Wat Botum Park yesterday to prtotested against a 4,065-hectare land concession granted to a company for agriculture development. Korng Sokheng, a representative for 1,850 families, said villagers submitted a petition to Prime ...

Two more banks setting up shop

The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and Spokeswoman Ngoun Sokha said yesterday. The central bank had licensed Taiwan’s Mega International ...

http://www.phnompenhpost.com/index.php/2011083051333/Business/two-more-banks-setting-up-shop.html

Tensions cause drop in ASEAN imports

Tensions with Thailand led to a 10-percent decline in imports from ASEAN members during the first six months of 2011, though Cambodia’s exports to the bloc nearly doubled, according to officials. Cambodia imported US$810.9 million during the six-month period compared to $904.9 million during the period ...

http://www.phnompenhpost.com/index.php/2011083151356/Business/tensions-cause-drop-in-asean-imports.html

New UN flood numbers grim

The latest United Nations assessment shows that the damage from flooding is far worse than previously thought, according to a report received by the Post late yesterday. Drawing on data from three ministries as well as the National Committee for Disaster Management (NCDM), the assessment raises ...

http://www.phnompenhpost.com

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