Economy and commerce

Chinese firm set to invest $300M into S’ville SEZ’s largest tyre plant

Chinese company “Jiangsu General Science Technology Co Ltd” has invested nearly $300 million to build the largest tyre factory in the Sihanoukville Special Economic Zone (SSEZ), according to Beijing’s embassy in Phnom Penh. ...

Hom Phanet
https://www.phnompenhpost.com/business/chinese-firm-set-invest-300m-sville-sezs-largest-tyre-plant

Tax revenue reaches 29% of 2022 goal by end-April

Cambodia earned more than $1.502 billion from tax collection in the first four months of 2022, an increase of over $340 million or 29.36 per cent year-on-year, a feat observers believe reflects recovery and encouraging results from the government’s push started in early November towards ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-reaches-29-2022-goal-end-april

Myanmar, Cambodia expedite talks on two trade cooperation deals

Citing low bilateral trade volume, Myanmar and Cambodia are expediting talks on two draft agreements to raise trade cooperation. Cambodian commerce minister Pan Sorasak recently called on the two sides for more discussions on economic and trade progress “within the regional and bilateral frameworks aimed ...

Khmer Times Staff
https://www.khmertimeskh.com/501081773/myanmar-cambodia-expedite-talks-on-two-trade-cooperation-deals/

PPSP revenue grows 153%, net loss narrows 26% in Q1

Public-listed special economic zone (SEZ) developer Phnom Penh SEZ Plc (PPSP) has reported a sharp increase in total revenue and lower net loss in the first quarter of 2022, a filing with Cambodia Securities Exchange (CSX) showed. ...

May Kunmakara
https://www.phnompenhpost.com/business/ppsp-revenue-grows-153-net-loss-narrows-26-q1

ACLEDA, ABA to facilitate Port EDI payment service

The Ministry of Public Works and Transport will sign a memorandum of understanding (MoU) with ACLEDA Bank and ABA Bank to facilitate the payment of public service fees via Port EDI, an electronic data exchange system. ...

Hom Phanet
https://www.phnompenhpost.com/business/acleda-aba-facilitate-port-edi-payment-service

Hun Sen invites WEF Executive Chairman to attend ASEAN Global Dialogue in Phnom Penh

Prime Minister Hun Sen has invited Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), to attend the 2nd ASEAN Global Dialogue to be held in Phnom Penh in November this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501081718/hun-sen-invites-wef-executive-chairman-to-attend-asean-global-dialogue-in-phnom-penh/

Cambodia’s MSME sector faces $3.7 billion funding shortage

The Micro, Small and Medium Entreprises (MSME) sector in Cambodia faces a funding shortage to the tune of $3.7 billion, said Tommy Boukhris, Asian Venture Philanthropy Network (AVPN) Cambodia Advisor and Senior Consultant & Portfolio Manager, EMC. ...

Manoj Mathew
https://www.khmertimeskh.com/501080862/cambodias-msme-sector-faces-3-7-billion-funding-shortage/

Cambodia to focus more on growth in exports

Prime Minister Hun Sen said that Cambodia has been boosting exports of manufacturing products – both garment and non-garment – and domestic tourism to support strong economic growth. ...

Chea Vanyuth
https://www.khmertimeskh.com/501080718/cambodia-to-focus-more-on-growth-in-exports/

PM: Cambodia encourages openness and strengthening of economic integration

Prime Minister Hun Sen has stated that with the subsequent easing of administrative and health measures, Cambodia encourages openness and strengthening of economic integration by promoting investment, trade, by fully implementing free trade agreements. ...

Khmer Times Staff
https://www.khmertimeskh.com/501081202/pm-cambodia-encourages-openness-and-strengthening-of-economic-integration/

Cambodia, Singapore vow to ramp up cooperation

Cambodia and Singapore have pledged to step up cooperation to bolster bilateral trade, after registering more than $5.2 billion last year, marking a nearly 50 per cent jump over 2020. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-singapore-vow-ramp-cooperation

Cambodia, Myanmar expedite trade deals

Cambodia and Myanmar are in the process of expediting negotiations on two important draft agreements in a bid to swiftly increase trade cooperation with each other, citing low bilateral trade volume. ...

Hom Phanet
https://www.phnompenhpost.com/business/cambodia-myanmar-expedite-trade-deals

Malaysia trade surges by over one-third in Jan-Apr

Bilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/malaysia-trade-surges-over-one-third-jan-apr

CDC approves two investment projects worth over $6 million

Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of $6.1 million in Takeo and Kampong Speu. ...

Khmer Times Staff
https://www.khmertimeskh.com/501079441/cdc-approves-two-investment-projects-worth-over-6-million/

Eco-tourism plan for 308ha on Cardamoms

An unnamed private company is seeking to lease 308ha of land in the Cardamom Mountain Biodiversity Conservation Corridor for eco-tourism development, in the southeastern corner of Koh Kong province, according to provincial deputy governor Ouk Pheaktra.   ...

Nov Sivutha
https://www.phnompenhpost.com/business/eco-tourism-plan-308ha-cardamoms

SR hotel reopenings still sluggish after C-19 closures

Only 20% of hotels in Siem Reap province have reopened after the Covid-19 outbreak in the province subsided, most other hotels have either shut down or are temporarily closed, while others will reopen at a later date when tourist numbers increase. ...

Chhun Sunly
https://www.khmertimeskh.com/501078675/sr-hotel-reopenings-still-sluggish-after-c-19-closures/

Cambodia targets one million tourists this year

The Ministry of Tourism puts a target of at least a million foreign tourists this year, outlining the main tourism markets as Asean, South East Asia countries, US, France and UK. ...

Chea Vanyuth
https://www.khmertimeskh.com/501078728/cambodia-targets-one-million-tourists-this-year/

PMs Modi and Hun Sen discuss range of bilateral issues online

In an effort to boost bilateral ties between Cambodia and India, Indian Prime Minister Narendra Modi reached out to Prime Minister Hun Sen and held a virtual meeting yesterday, according to a press release issued by the Embassy of India in Phnom Penh. ...

Khmer Times Staff
https://www.khmertimeskh.com/501077942/pms-modi-and-hun-sen-discuss-range-of-bilateral-issues-online/

Hun Sen holds virtual meet with Indian Counterpart, talks about development partnership, quick impact projects

Prime Minister Narendra Modi held a virtual meeting with his Cambodian counterpart Hun Sen on Wednesday where they discussed a wide range of bilateral issues, including capacity building programmes and quick impact projects under the framework of Mekong-Ganga Cooperation. ...

Khmer Times Staff
https://www.khmertimeskh.com/501078164/hun-sen-holds-virtual-meet-with-indian-counterpart-talks-about-development-partnership-quick-impact-projects/

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