Economic expansion of Cambodia; an opportunity for Thai entrepreneurs
The retail marketing business in Cambodia has been growing at approximately 8% a year for the last 10 years and is expected to increase by 7.5% a year from 2014-2018. This economic expansion and greater purchasing power of Cambodians, is seen as presenting great opportunities ...
National News Bureau of Thailand
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNRPT5705080010001
Cashew nut export numbers aren’t adding up: producers
Cambodian cashew nut exports are on the rise, yet export figures are still well below production numbers, with thousands of tonnes unaccounted for. Unshelled cashew nut exports totalled close to $2.5 million in the first six months of the year, with 2,800 tonnes exported, a rise ...
Chan Muyhong
http://www.phnompenhpost.com/business/cashew-nut-export-numbers-aren%E2%80%99t-adding-producers
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/
Commerce claims that donations not political
The Ministry of Commerce has defended its solicitation of donations from private organisations as voluntary, legal and a form of corporate social responsibility. The ministry’s response comes after Post Weekend revealed on Saturday, through leaked documents, that the Garment Manufacturers Association in Cambodia (GMAC) made a ...
Eddie Morton
http://phnompenhpost.com/business/commerce-claims-donations-not-political
Fifty houses bulldozed overnight as S’ville land dispute escalates
Fifty families claiming ownership of 5ha in Koki village, Bit Traing commune, in Prey Nop district, Preah Sihanouk province, on Monday protested on the site over claims that Ouk Sineth and his associates illegally encroached on their land, bulldozing their homes and crops during the ...
Banks step in to fight the spread of COVID-19
ABA has launched a dedicated COVID-19 fund for people to donate easily using their ABA Mobile application aiming to raise $5,000 after which ABA will double the funds to $10,000 and transfer the raised sum to the Ministry of Health for medical supplies to mitigate ...
Yeshi Dema
https://opendevelopmentcambodia.net/wp-admin/post-new.php?post_type=news-article
Growth in hotel industry
The hotel industry in Cambodia is growing but still sees room for improvements, industry experts said at the Cambodia Hotel General Managers Summit in Phnom Penh yesterday. In terms of revenue and the number of players, the hotel and restaurant industry has an overall growth rate ...
http://www.phnompenhpost.com/index.php/2012101159242/Business/growth-in-hotel-industry.html
ADB projects a rebound in growth for 2021
Asian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year. ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as ...
Sok Chan
https://www.khmertimeskh.com/50788737/adb-projects-a-rebound-in-growth-for-2021/
Cambodia-Thailand trade reaches over $3.4 billion
The two-way trade between Cambodia and Thailand rose by 5.6 percent in the first five months of this year to $3,472 billion, according to the statistics from Thailand’s Ministry of Commerce. From January to May 2020, Cambodia exported $711 million worth of goods to Thailand, ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50748231/cambodia-thailand-trade-reaches-over-3-4-billion/
Monks banned from joining march to support Rong Chhun
Eight monks from Battambang province were prevented from joining activists and supporters in a protest in Phnom Penh on August 5 to demand the release of prominent union leader Rong Chhun, who was jailed last week over comments he made allegedly distorting information on Cambodia-Vietnam ...
Khuon Narim
https://cambojanews.com/monks-banned-from-joining-march-to-support-rong-chhun/
Another new investment project approved by CDC
According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/
Cash handout for poor enters seventh round
The government on October 24 completed the third phase of the sixth round of funding to assist 670,000 poor and vulnerable people. The cash assistance is to help needy people hit hard by the Covid-19 pandemic, with the government handing out more than 120 billion ...
Nov Sivutha
https://www.phnompenhpost.com/national/cash-handout-poor-enters-seventh-round
New Siem Reap int’l airport nearly ready for take-off
The State Secretariat of Civil Aviation (SSCA) on July 26 reconfirmed that the new “Siem Reap Angkor International Airport” will officially begin operations on October 16, and revealed that “non-commercial and non-profitable” test flights are set to be conducted from October 5-15, “as per necessary”. ...
May Kunmakara
https://www.phnompenhpost.com/business/new-siem-reap-intl-airport-nearly-ready-take
Khmer Enterprise to double startup and SME investment to $10m
At yesterday’s luncheon discussing Cambodia’s startup and SME ecosystem, Vongsey Vissoth, permanent secretary of state of Ministry of Economy and Finance (MEF), said Khmer Enterprise (KE) will increase its investment portion from $5 million to $10 million as part of the nation’s Covid-19 recovery plans ...
Bun Tharum
https://kiripost.com/stories/cambodia-khmer-enterprise-to-double-startup-sme-investment
Spending on capital’s new airport nears $700M: SSCA
Nearly $700 million has been spent on the new $1.5 billion Techo International Airport (TIA), the main construction work on which has reached 46 per cent as of March 31, motivated by positive tourism growth, according to a senior civil aviation official. ...
Rann Reuy
https://www.phnompenhpost.com/business/spending-capitals-new-airport-nears-700m-ssca
Over 20,000 businesses featured on Single Portal
A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/over-20000-businesses-featured-single-portal
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
ADB offers Covid recovery package
Cambodia could potentially benefit from a $20.5 billion financial package for the Asia-Pacific committed by the Asian Development Bank (ADB), and use the funds to support its post-Covid-19 economic recovery, as extreme weather events compounded by a worsening regional food crisis and the still-ongoing Ukraine ...
May Kunmakara
https://www.phnompenhpost.com/business/adb-offers-covid-recovery-package
Jan-Apr rubbers exports bounce up 38%: GDCE
Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-rubbers-exports-bounce-38-gdce
Cambodia’s garments and agricultural products continue to drive export growth
Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...
Khmer Times Staff
https://www.khmertimeskh.com/501406845/cambodias-garments-and-agricultural-products-continue-to-drive-export-growth/