Economy and commerce

$164M five-star hotel greenlit for Sihanoukville

The government has approved Maritime City Co Ltd’s proposal to build and operate a $164.4 million development in Preah Sihanouk province comprising a 582-room five-star hotel, a commercial centre and entertainment facilities. ...

May Kunmakara
https://www.phnompenhpost.com/business/164m-five-star-hotel-greenlit-sihanoukville

Cement material exploration rights offered in Kampot

The government has issued an open invitation to apply for a 155ha mineral exploration licence in northern Kampot province that officials claim has great investment potential for cement production. ...

May Kunmakara
https://www.phnompenhpost.com/business/cement-material-exploration-rights-offered-kampot

PM Hun Sen calls for more Japanese investment

Prime Minister Hun Sen said Cambodia needs a stable investment from Japan to produce more items in the country and then export back to the Japanese market to scale up the level of existing relations between the two countries. He emphasised more infrastructure development and ...

Kang Sothear
https://www.khmertimeskh.com/501194903/pm-hun-sen-calls-for-more-japanese-investment/

Cambodia signs deal to export renewable energy to Singapore

Cambodia has inked a deal to explore the possibilities to export renewable energy to Singapore by 2028 as part of its long-term strategy to achieve carbon neutrality by 2050. ...

Prak Chan Thul
https://kiripost.com/stories/cambodia-signs-deal-to-export-renewable-energy-to-singapore

More than 1.57 million international tourists recorded in Cambodia over last 10 months

In the 10 months of 2022, Cambodia received more than 1.57 million international tourists, an increase of nearly 1,000 percent, compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501194121/more-than-1-57-million-international-tourists-recorded-in-cambodia-over-last-10-months/

Economic, trade links between Cambodia and China discussed

Topics pertaining to economic and development cooperation between Cambodia and China came up during the 2nd China-Cambodia Economic and Trade Cooperation Forum held last week. ...

Khmer Times Staff
https://www.khmertimeskh.com/501193961/economic-trade-links-between-cambodia-and-china-discussed/

One million tons rice export target set for next five years

The Kingdom of Cambodia, which is striving to promote the country as a “rice basket” and a major rice exporter, is aiming to ship at least one million tons of rice per year – 2023 onwards – and earn revenue of around $800 million annually ...

Prakash Jha
https://www.khmertimeskh.com/501192888/one-million-tons-rice-export-target-set-for-next-five-years/

Cambodia’s poverty rate halved in 2019

Rising non-farm earnings, such as tourism, garment and construction sectors, helped to cut Cambodia’s national poverty to 17.8 percent from 33.8 percent between 2009 and 2019, the World Bank’s latest poverty assessment report for Cambodia stated. ...

Kiripost staff writers
https://kiripost.com/stories/cambodias-poverty-rate-halved-in-2019

Cambodia milled rice export seen increasing

Cambodia is expected to see a remarkable increase in its milled rice export due to the China market, a recovery in demand in the European Union, and the emergence of new markets. ...

Chea Vanyuth
https://www.khmertimeskh.com/501192058/cambodia-milled-rice-export-seen-increasing/

Kingdom’s garment export surges to $7.747 billion

Cambodia registered an 18.51 percent year-on-year increase in apparel export to $7.747 billion in the first ten months of this year. ...

Adur Pradeep
https://www.khmertimeskh.com/501192059/kingdoms-garment-export-surges-to-7-747-billion/

Cambodia-Korea FTA export benefits deliberated

The Ministry of Commerce and the Embassy of the Republic of Korea last Thursday held a workshop on dissemination of the benefits and export procedures to local exporters under the Cambodia-Korean Free Trade Agreement (CKFTA), which is scheduled to come into force next month. ...

Chea Vanyuth
https://www.khmertimeskh.com/501192199/cambodia-korea-fta-export-benefits-deliberated/

Cambodia’s garment exports increases by 18.51% to $7.747 billion in Jan-Oct 2022

The exports of apparel from Cambodia increased by 18.51 per cent year-on-year to $7.747 billion during January-October 2022. This constituted 41.30 per cent of Cambodia’s total foreign income of $18.747 billion during the period under review, according to data from the general department of customs ...

Khmer Times Staff
https://www.khmertimeskh.com/501191842/cambodias-garment-exports-increases-by-18-51-to-7-747-billion-in-jan-oct-2022/

Cambodia to Export 25,000 Tons of Rice to Bangladesh

Cambodia has inked a deal with Bangladesh to export 25,000 tons of rice, with future collaboration in the pipeline. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-to-export-25000-tons-of-rice-to-bangladesh

Draft budget proposal earmarks $8.85 billion for next year

The government plans to spend a total of $8.85 billion in the next financial year, according to a draft budget proposal for the year 2023 submitted by the Ministry of Economy and Finance. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501190982/draft-budget-proposal-earmarks-8-85-billion-for-next-year/

Cambodian pepper and natural fisheries to be shipped to China

Cambodia will be able to directly export its pepper and natural fisheries to Chinese market, the Embassy of the People’s Republic of China (PRC) in Cambodia said on November 22. ...

Khmer Times Staff
https://www.khmertimeskh.com/501191266/cambodian-pepper-and-natural-fisheries-to-be-shipped-to-china/

Cambodia-Korea FTA to come into force next month

The Ministry of Commerce and the Embassy of the Republic of Korea in Phnom Penh on Thursday co-organised a workshop on dissemination of the benefits and export procedures to local exporters under the Cambodia-Korea Free Trade Agreement (CKFTA). ...

Khmer Times Staff
https://www.khmertimeskh.com/501191231/cambodia-korea-fta-to-come-into-force-next-month/

NBC organises macroeconomic conference to boost Cambodia’s economic development

The National Bank of Cambodia (NBC), in collaboration with the United Nations Development Programme (Cambodia) organised on Thursday the 9th NBC Annual Macroeconomic Conference, giving floor for discussion for the development of Cambodian economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501191238/nbc-organises-macroeconomic-conference-to-boost-cambodias-economic-development/

Ministry of Commerce works to open rice market through FTAs

Efforts to open the rice market and process rice-derived products through free trade agreements (FTAs) has paved a way for the increase of exports over the last 10 months of the year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501190734/ministry-of-commerce-works-to-open-rice-market-through-ftas/

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’s most vulnerable. ...

Seng Mengheng
https://kiripost.com/stories/inflation-rises-to-74-percent

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