Economy and commerce

Australia keen on investing in renewable energy in Cambodia

Australia is interested in investing in renewable energy in Cambodia such as hydropower and solar power. The interest was highlighted here yesterday by newly appointed Australian Ambassador to Cambodia, Pablo Chiho Kang, during a meeting with Oknha Kith Meng, president of the Cambodia Chamber of ...

Nika/AKP
https://www.khmertimeskh.com/50741056/australia-keen-on-investing-in-renewable-energy-in-cambodia/

Cambodia’s rubber exports increase by 17 percent in first five months

Cambodia exported 97,175 tonnes of rubber to foreign markets in the first five months of this year, an increase by 17 percent compared to the same period last year. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50741048/cambodias-rubber-exports-increase-by-17-percent-in-first-five-months/

Rocky road for logistics after dull H1

Cambodia Logistics Association (CLA) president Sin Chanthy told The Post on Thursday that despite the current surge in agricultural product exports – especially milled rice – overall activity in the sector saw minimal growth last month compared to March, April and May, with goods shipments ...

Hin Pisei
https://www.phnompenhpost.com/business/rocky-road-logistics-after-dull-h1

CRF requests year-long loans for rice millers

The Cambodia Rice Federation (CRF) has asked the state-owned Agricultural and Rural Development Bank (ARDB) to extend its loan repayment period to 12 months to help rice millers buy paddy. The request was made on Wednesday at a meeting with Cambodia Chamber of Commerce (CCC) ...

Thou Vireak
https://www.phnompenhpost.com/business/crf-requests-year-long-loans-rice-millers

Kampong Cham exports over 20,000 tonnes of bananas

Kampong Cham provincial governor Un Chanda said yesterday at a press conference the province has exported over 20,000 tonnes of fresh yellow bananas to international markets during the first six months of this year. ...

Khann Chanvirak
https://www.khmertimeskh.com/50740992/kampong-cham-exports-over-20000-tonnes-of-bananas/

More Japanese investments on industry and agro-processing sought

Cambodian Minister of Commerce Pan Sorasak has encouraged Japanese investors to invest in the fields of industry and agricultural product processing in Cambodia. The call was made when he received a delegation of Japanese Business Association of Cambodia (JBAC) at the ministry Thursday. In the ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50741042/more-japanese-investments-on-industry-and-agro-processing-sought/

Milled-rice exports up 41%

Cambodia’s milled-rice exports gained 41 per cent to 397,660 tonnes in the first half of this year from the 281,538 tonnes shipped in the same period last year. Their combined value was $264.5 million, Cambodia Rice Federation (CRF) secretary-general Lun Yeng told The Post on ...

Thou Vireak
https://www.phnompenhpost.com/business/milled-rice-exports-41

Industry makes another appeal against EU tariffs

Three associations in the garment, footwear and travel goods and commerce yesterday once again sent a letter to the European Parliament appealing to postpone the scheduled partial withdrawal of the Everything but Arms (EBA) trade preferences. ...

Sok Chan
https://www.khmertimeskh.com/50740483/industry-makes-another-appeal-against-eu-tariffs/

Tourism savaged by COVID-19

As of May, government data shows COVID-19 forced the closure of nearly 3,000 tourism-based business and left more than 45,045 staff members unemployed. The unemployment and rising debt would severely affect the social economy while the Minister of Tourism estimated that the tourism sector would ...

Sorn Sarath
https://www.khmertimeskh.com/50740504/tourism-savaged-by-covid-19/

Brakes put on auto imports

With the Covid-19 pandemic cutting into the global vehicle and parts manufacturing industry and transforming Cambodians’ spending habits, imports have seen a sharp decline this year. Cambodia imported $600.903 million worth of vehicles and parts in the first five months of the year, plunging 17.39 ...

Hin Pisei
https://www.phnompenhpost.com/business/brakes-put-auto-imports

$627 million in exports to Japan in the first four months of this year

Cambodia has exported $627 million worth of products to Japan in the first four months of this year, up 4 percent compared to the same period last year. Figures from Japan External Trade Organisation (JETRO) show that from January to April, the bilateral trade between ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50739560/627-million-in-exports-to-japan-in-the-first-four-months-of-this-year/

Water company expects big revenue rise after 2019 loss

State-owned utility Phnom Penh Water Supply Authority (PWSA), the first Cambodian Securities Exchange-listed company, aims to collect substantially more revenue in 2020 after a sharp drop in total revenue last year, according the result of its eighth annual general shareholders’ meeting. ...

Sorn Sarath
https://www.khmertimeskh.com/50739594/water-company-expects-big-revenue-rise-after-2019-loss/

Human rights issues alleged in renewable energy sector report

The first human rights benchmark of renewable energy companies reveals serious weaknesses in industry efforts to protect workers and communities, creating risks in a sector vital to countering the climate crisis, according to the Business and Human Rights Resource Centre (BHRRC). However, Cambodia, which aims ...

Sorn Sarath
https://www.khmertimeskh.com/50739595/human-rights-issues-alleged-in-renewable-energy-sector-report/

PPAP works to soften virus hit

Listed state-owned port operator Phnom Penh Autonomous Port (PPAP) has doubled down on its commitment to enhance its business performance during the global health crisis by reducing expenses and postponing non-urgent investment, director-general Hei Bavy told its annual meeting on Friday.​ ...

May Kunmakara
https://www.phnompenhpost.com/business/ppap-works-soften-virus-hit

Teaching young women digital literacy

SHE Investments, a social enterprise to support women micro-small entrepreneurs (MSMEs) is joining as a Cambodian partner for Youth Business International’s Rapid Response Recovery Programme, funded by Google.org, to support women entrepreneurs to build digital literacy skills to enable them to recover and rebuild from ...

Sok Chan
https://www.khmertimeskh.com/50739209/teaching-young-women-digital-literacy/

After massive growth, special economic zone will face hurdles

Phnom Penh Special Economic Zone Plc (PPSEZ) will suffer severely from the impact of the COVID-19 pandemic this year after reporting healthy results in 2019, according to the company’s senior officials. ...

Sorn Sarath
https://www.khmertimeskh.com/50739183/after-massive-growth-special-economic-zone-will-face-hurdles/

Kingdom’s financial sector healthy

Cambodia’s financial sector remains on a sustainable growth path despite the Covid-19 pandemic squeezing crucial industries, National Bank of Cambodia (NBC) governor Chea Chanto said. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-financial-sector-healthy

More than 450,000 tourists on the move over first three weeks of June

For the first three week of June, more than 450,000 Cambodians and other residents of the Kingdom visited tourist destinations throughout the country, said Tourism Minister Thong Khon. ...

Sok Chan
https://www.khmertimeskh.com/50738065/more-than-450000-tourists-on-the-move-over-first-three-weeks-of-june/

Go Digital Asean initiative to empower MSME’s

The ASEAN Coordinating Committee on Micro, Small and Medium Enterprises and the Asia Foundation has formally announced the Go Digital ASEAN initiative. Supported by a $3.3 million grant from Google, the initiative is designed to equip 200,000 people – of which 60 percent will be ...

Sok Chan
https://www.khmertimeskh.com/50737853/go-digital-asean-initiative-to-empower-msmes/

500-hectare industrial park for K.Speu

The chairman of Canadia Bank and Overseas Cambodia Investment Corp (OCIC) said his company is developing a 500-hectare industrial park in Kampong Speu province (along the National Road 51). ...

Sok Chan
https://www.khmertimeskh.com/50737773/500-hectare-industrial-park-for-k-speu/

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