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South Korean exports jump 20%

Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/south-korean-exports-jump-20

Banking loans rise 11% to $58b from January to June

Up to 238.7 trillion riel or $57.8 billion worth of loans were disbursed by banks and financial institutions in the first half of 2023, the National Bank of Cambodia (NBC) shared in an X post this morning, noting its increase of 10.5 percent year-on-year. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/banking-loans-rise-11-to-58b-from-january-to-june

Sar Kheng urges unity after official vote results

Minister of Interior Sar Kheng has instructed all commune council members elected in the recent 5th-mandate elections to work together to provide public services to the people under their authority regardless of political affiliations. ...

Nov Sivutha
https://www.phnompenhpost.com/national-politics/sar-kheng-urges-unity-after-official-vote-results

Banks, MFIs raise interest rates following Fed move

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/

GDT’s tax collection target for 2023 up by $750M

The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/

NEC set for voter list, registration training

The National Election Committee (NEC) will hold a training course for officials, representatives of political parties and civil society organisation (CSOs) observers on the procedure for verifying voter list and registration. The three-day session is scheduled for September 5-7. ...

Nov Sivutha
https://www.phnompenhpost.com/national/nec-set-voter-list-registration-training

Women’s affairs ministry, PIC project works to empower girls

The Ministry of Women’s Affairs and Plan International Cambodia (PIC) expressed their joint commitment to empowering girls to make decisions about their own bodies and participate in the nation’s development through their joint project on leadership, with the expectation that by 2026 approximately 2.5 million ...

Long Kimmarita
https://www.phnompenhpost.com/national/womens-affairs-ministry-pic-project-works-empower-girls

NGO seeks exchange of plastic waste from Tonle Sap Lake for rice

The BambooShoot Foundation is looking for companies, philanthropists or business associations that will exchange more than 10 tonnes of plastic waste from the Tonle Sap Lake for 3.5 tonnes of rice. The NGO wants to use the rice to reward the 350 families from Peam ...

Long Kimmarita
https://www.phnompenhpost.com/national/ngo-seeks-exchange-plastic-waste-tonle-sap-lake-rice

NEC, Oz envoy talk election preparations

Australian ambassador Justin Whyatt on May 5 met with National Election Committee (NEC) chairman Prach Chan to discuss preparations for the July 23 national elections. During the meeting, Whyatt recounted his mission to Cambodia between 2002 and 2003 to observe the commune council and general elections. ...

Kim Yutharo
https://www.phnompenhpost.com/national/nec-oz-envoy-talk-election-preparations

SEA and Para Game medallists awarded $6.6m

Cambodia spent about $6.6 million to reward Cambodian medallists at the 32nd SEA Games and 12th ASEAN Para Games 2023, providing essential funds for awarded athletes to support their livelihoods and future training. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-sea-and-para-game-medallists-awarded-66m

Cambodia’s H1 export of Chapter 94 items down 30%

Cambodia earned $369.643 million from the export of “furniture, lighting signs, prefabricated buildings” in the first half (H1) of 2023, down 29.67 per cent from $525.591 million in 2022H1 and down nearly 12.5 per cent from $422.67 million in 2022H2, according to provisional Customs (GDCE) ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodias-h1-export-chapter-94-items-down-30

Cambodia’s export to other RCEP members sharply up in 10 months

Cambodia exported $6.45 billion worth of products to the Regional Comprehensive Economic Partnership (RCEP) member countries in the first 10 months of 2023, up 26.5 percent from the same period last year, said a Ministry of Commerce’s report on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501402629/cambodias-export-to-other-rcep-members-sharply-up-in-10-months/

Loans offered to struggling tourism Siem Reap businesses

The government is offering tourism-related businesses in Siem Reap struggling from the slow tourist rebound a share of a $50 million pot of loans to keep operations afloat, however, concerns have been raised that the 6.5 percent interest rate may be too high for some. ...

Yatt Malai
https://kiripost.com/stories/loans-offered-to-struggling-tourism-siem-reap-businesses

NEC addresses equity principles as Senate election draws nearer

National Election Committee (NEC) deputy secretary-general Mok Dara met on January 15 with representatives from four political parties. The focus was on sharing insights into equity principles for parties, policies and political programmes during the upcoming 5th Senate election campaign, scheduled from February 10-23. ...

Kim Yutharo
https://www.phnompenhpost.com/national/nec-addresses-equity-principles-as-senate-election-draws-nearer

Cambodia’s rubber exports rise by 123 percent

Amid the fall in global demand, Cambodia earned $121 million from the exports of rubber articles in the first month of this year, an increase of 123.5 percent compared to the same period last year, according to the latest trade data of the General Department ...

Manoj Mathew
https://www.khmertimeskh.com/501440080/cambodias-rubber-exports-rise-by-123-percent/

Growth opportunities for Cambodian SMEs in securities market

Small and medium-sized enterprises (SMEs) in Cambodia can unlock significant growth opportunities by accessing the securities market, a concept explored in detail during a seminar co-organised by the Securities and Exchange Regulator of Cambodia (SERC), APM (Cambodia) Securities Co Ltd and Asset Pro Management Co ...

Hong Raksmey
https://www.phnompenhpost.com/business/growth-opportunities-for-cambodian-smes-in-securities-market

Economic policy and administration

After the first general election in 1993, the government prepared and implemented a comprehensive micro- and macroeconomic policy and structural reform program to integrate Cambodia’s economy into the region and the world as well as stimulate its economic growth.1 In the two decades following that ...

Logging in the wild west

Illegal logging of staggering proportions abetted by military personnel is decimating stocks of luxury rosewood in the Central Cardamom Protected Forest, while the conversation group tasked with protecting the area and its government counterparts deny the trade is even happening. In a period of several hours ...

http://www.phnompenhpost.com/index.php/2011122153536/National-news/logging-in-the-wild-west.html

Duty-Free Sugar Exports to EU Hit $13 Million

The European Union (E.U.) last year continued to import millions of dollars worth of duty-free sugar from Cambodian plantations that have forced hundreds of families off their land despite calls from European lawmakers for the trade benefits to end, according to the latest E.U. data. Thailand’s ...

http://www.cambodiadaily.com/news/duty-free-sugar-exports-to-eu-hit-13-million-18114/

Thai company shelves Kampot cement project

Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive. Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said ...

Rann Reuy and May Kunmakara
http://www.phnompenhpost.com/business/thai-company-shelves-kampot-cement-project

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