MoC earns $15m in 2022
The Ministry of Commerce has earned more than $15 million to bolster the national budget, an increase of more than six percent over 2021, according to a report. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-moc-earns-15m-in-2022
PPAP’s first quarter revenue dips 13%
Public-listed Phnom Penh Autonomous Port (PPAP) reported $8.23 million in revenue for the first quarter (q1) of the year, a 13 percent decline compared to the same period last year. ...
Manoj Mathew
https://www.khmertimeskh.com/501276162/ppaps-first-quarter-revenue-dips-13/
Cambodia’s exports to Japan rise 18.4%
Cambodia’s exports to Japan reached $365 million in the first quarter (q1) of this year, an increase of 18.4 percent compared to the same period last year. ...
Manoj Mathew
https://www.khmertimeskh.com/501479402/cambodias-exports-to-japan-rise-18-4/
PPAP posts over $8 million in revenue in Q1, a decrease of 13 percent
Publicly-listed river port operator, Phnom Penh Autonomous Port (PPAP), reported a revenue of some US $8.23 million during the first three months of 2023, a year-on-year decrease of 13 percent. ...
Khmer Times Staff
https://www.khmertimeskh.com/501277374/ppap-posts-over-8-million-in-revenue-in-q1-a-decrease-of-13-percent/
146 Japanese investment projects registered at CDC
The Council of the Development of Cambodia (CDC) approved 146 Japanese qualified investment projects (qIP) as of October with a total investment capital of $2.853 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/50970276/146-japanese-investment-projects-registered-at-cdc/
Audi opens dealership in capital
Automotive Asia (Cambodia), the only authorised dealer of Audi vehicles in Cambodia, opened its first showroom in Phnom Penh yesterday. The 2,000-square-metre showroom on Monivong Boulevard currently holds just two of the German carmaker’s models, the q7 and the A8L, with prices ranging between $135,000 and ...
Hor Kimsay
http://phnompenhpost.com/business/audi-opens-dealership-capital
China launches $44.4b real estate fund
Cambodian analysts weighed in on China’s $44.4 billion real estate fund, banking on hopes that the program can raise funds to bankroll the purchase of unfinished buildings and complete their construction. ...
Penh Chamroeun
https://kiripost.com/stories/china-launches-444b-real-estate-fund
The long (and short) of the latest news from the nation’s two leading ports
Last week saw the release of the Sihanoukvile Autonomous Port’s (PAS) q2 2021 financial report as well as an unaudited revenue report from the Phnom Penh Autonomous Port detailing results for the first seven months of 2021. ...
Chea Vanyuth
https://www.khmertimeskh.com/50916492/the-long-and-short-of-the-latest-news-from-the-nations-two-leading-ports/
German president to visit Cambodia to bolster bilateral ties
German President Frank-Walter Steinmeier is scheduled to make an official visit to Cambodia, the country’s first senior official to do so, as part of his Indo-Pacific trip to boost political and economic ties. ...
Prak Chan Thul
https://kiripost.com/stories/german-president-to-visit-cambodia-to-bolster-bilateral-ties
Inflation rises to 7.4 percent
Inflation is expected to soar to 7.4 percent in Q2 2022, from 2.8 percent last year, raising fears that it will seriously impact the livelihoods of the country&rsQuo;s most vulnerable. ...
Seng Mengheng
https://kiripost.com/stories/inflation-rises-to-74-percent
PPSP back in black in Q1’23 with $5.7m net profit
A surge in land sales has helped tycoon Kith Meng’s Phnom Penh SEZ Plc (PPSP) to return to the black, posting $5.7 million net profit in the first quarter ended March 31 (q1’23) after suffering a $680,743 net loss a year ago. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-ppsp-back-in-black-in-q123-with-57m-net-profit
ASEAN not take sides in South China Sea disputes: Cambodian official
The Association of Southeast Asian Nations (ASEAN) did not take any sides in South China Sea disputes, but supported the settlement of the disputes based on international law and agreed documents, a senior Cambodian official said in Phnom Penh on Sunday. “ASEAN made the statement based on a principle that ...
Cambodia’s public debt at $9.81 billion, says Report
The Royal Government of Cambodia’s total public debt stock is at $9.81 billion consisting of 68 percent from Bilateral Developing Partners (DPs) and 32 percent from Multilateral DPs, according to Cambodia’s Public Debt Situation at the end of q1 2022. ...
Sok Sithika
https://www.khmertimeskh.com/501094257/cambodias-public-debt-at-9-81-billion-says-report/
Global Finance Forum aims to support Cambodia’s SMEs
Cambodia is hosting the Global SME Finance Forum, where more than 400 delegates from 60 countries gathered to learn and share ways to create an enabling environment to support SMEs and financial inclusion as Cambodian finance specialists say access to financing remains a major challenge ...
Thai Sothea
https://kiripost.com/stories/global-finance-forum-aims-to-support-cambodias-smes
Cambodia’s trade with Vietnam rises nearly 25%
Neighbouring Vietnam has consolidated its position as the second biggest trade partner of Cambodia after China with trade volume between the two rising by 24.5 percent to reach $2.32 billion in the first three months of this year (Q1, 2024), compared to the same period ...
Manoj Mathew
https://www.khmertimeskh.com/501474739/cambodias-trade-with-vietnam-rises-nearly-25/
Halim in Cambodia RM2bil agriculture joint venture
PHNOM PENH: Malaysia expects to minimise its dependence on imports of animal feed and lessen the impact of the global food crisis by 2020 under the reciprocal investment policy, Agriculture and Agro-based Minister Datuk Seri Noh Omar said. One such initiative under the policy was the ...
http://biz.thestar.com.my/news/story.asp?file=/2011/10/17/business/9710198&sec=business
NBC navigating China’s cross-border interbank payment system: Serey
Cambodia’s journey towards becoming a member of the Chinese central bank’s Cross-Border Interbank Payment System (CIPS) will require more time due to the “stringent conditions” put forth by the central bank, according to National Bank of Cambodia (NBC) deputy governor Chea Serey. ...
Van Socheata
https://www.phnompenhpost.com/business/nbc-navigating-chinas-cross-border-interbank-payment-system-serey
Serey: Central bank’s MoU with UnionPay not yuan agreement
National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...
Sok Raksa
https://www.phnompenhpost.com/business/serey-central-banks-mou-unionpay-not-yuan-agreement
Cambodia says 77 new factories open in Q1 amid COVID-19 pandemic with six closures
Some 77 new factories, including 34 garment, footwear, and travel goods factories, had opened in Cambodia in the first quarter of 2020 despite the COVID-19 pandemic, a spokesman said, amid the closure of six factories, leaving more than 6,000 workers without a job. ...
Khmer Times Staff
https://www.khmertimeskh.com/50716659/cambodia-says-77-new-factories-open-in-q1-amid-covid-19-pandemic-with-six-closures/
FAO says world food prices to reach record high in March, Cambodia expects 3.5 percent hike in Q1
Cost of food in Cambodia increased 2.78 percent in December of 2021 over the same month in the previous year, according to the National Institute of Statistics of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501055959/fao-says-world-food-prices-to-reach-record-high-in-march-cambodia-expects-3-5-percent-hike-in-q1/