Economy and commerce

Cambodia, Laos to upgrade trade, investment ties

After the recent withdrawal from the development pact known as the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA), the Royal Government of Cambodia (RGC) shifted its stance to promote bilateral cooperation with the Lao People’s Democratic Republic (PDR) including the removal of double taxation, trade, tourism and ...

Nhean Chamrong
https://www.khmertimeskh.com/501571530/cambodia-laos-to-upgrade-trade-investment-ties/

NBC alerts of potential financial losses against illegal loans

The National Bank of Cambodia (NBC) Tuesday warned the public against the availing illegal loan services, emphasizing the potential financial losses and significant risks. ...

Chea Vanyuth
https://www.khmertimeskh.com/501571532/nbc-alerts-of-potential-financial-losses-against-illegal-loans/

PM urges ASEAN to maintain multilateral trading system

Prime Minister Hun Manet has called on the Association of Southeast Asian Nations (ASEAN) to maintain a just and inclusive multilateral trading system and to broaden trade cooperation with its partners. ...

Khmer Times Staff
https://www.khmertimeskh.com/501572478/pm-urges-asean-to-maintain-multilateral-trading-system/

IMF will continue to partner with Cambodia to ensure development

The International Monetary Fund (IMF) will continue to partner with Cambodia to ensure sustainable, inclusive, and resilient socio-economic development. ...

Khmer Times Staff
https://www.khmertimeskh.com/501572479/imf-will-continue-to-partner-with-cambodia-to-ensure-development/

World Bank backs Cambodia’s long-term economic vision

Amid regional and global economic uncertainties, the World Bank is set to approve the Country Partnership Framework (CPF) 2025-2029 to support the Royal Government of Cambodia (RGC) in achieving its long-term vision of becoming a middle-income country by 2030 and a high-income country by 2050. ...

Nhean Chamrong
https://www.khmertimeskh.com/501572157/world-bank-backs-cambodias-long-term-economic-vision/

Exports soar to nearly $20 billion in Q3

Cambodia exported goods worth approximately $19.8 billion during the first three quarters of 2024, up 17 percent from $16.9 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Thursday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501572159/exports-soar-to-nearly-20-billion-in-q3/

Cambodia, Thailand hold talks to set up SEZs

Cambodia and Thailand Wednesday held talks on establishing special economic zones, enhancing people-to-people connections, promoting tourism, besides strengthening bilateral cooperation between the two countries. ...

Mom Kunthear
https://www.khmertimeskh.com/501572163/cambodia-thailand-hold-talks-to-set-up-sezs/

Minimum wage increase, a strategic response to economic climate in Kingdom

The recent announcement by Prime Minister Hun Manet regarding the minimum wage increase to $208 per month for 2025 reflects a strategic response to the economic climate in Cambodia and globally, said a release by the Ministry of Labour and Vocational Training (MLVT) on Wednesday. ...

Mom Kunthear
https://www.khmertimeskh.com/501572155/minimum-wage-increase-a-strategic-response-to-economic-climate-in-kingdom/

NBC, MoC call for wider use of Riel

The National Bank of Cambodia (NBC) and the Ministry of Commerce (MoC) Wednesday organized a seminar aimed at promoting financial inclusion and encouraging the wider use of the Cambodian Riel (KHR) in the domestic economy. ...

Chea Vanyuth
https://www.khmertimeskh.com/501572151/nbc-moc-call-for-wider-use-of-riel/

Banks pledge loan restructuring without affecting credit records

Representatives from banks and microfinance institutions have expressed their commitment to restructuring loans for customers facing financial difficulties, as the number and volume of such requests continue to rise. ...

Niem Chheng
https://www.phnompenhpost.com/business/banks-pledge-loan-restructuring-without-affecting-credit-records

Cambodia's international trade continues positive growth

Cambodia’s bilateral trade with partner countries in the first nine months of 2024 reached nearly $41 billion, marking a year-on-year increase of over 16%, with a trade deficit of over $1 billion. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-s-international-trade-continues-positive-growth

Over $5 billion investment projects registered in Q3

Cambodia has secured 315 fixed-asset investment projects worth $5.28 billion during the first nine months of this year, a report from the Council for the Development of Cambodia (CDC) showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501570842/over-5-billion-investment-projects-registered-in-q3/

Pundits: Jump in steel imports may not reflect real estate recovery

Cambodia imported more than $400 million worth of iron and steel in the first eight months of the year, an increase of nearly 60% on the same period last year. This has given some hope that the housing construction sector may be gradually picking up ...

Hin Pisei
https://www.phnompenhpost.com/business/pundits-jump-in-steel-imports-may-not-reflect-real-estate-recovery

CDC approve nearly 30 new projects in September

A total of 26 new investment projects and 2 production expansion projects, with a total investment exceeding $400 million, were approved by the government in September. Of them, nearly 40% of the investment capital comes from Chinese investors, according to the Council for the Development ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approve-nearly-30-new-projects-in-september

Cambodia’s real estate market remains quiet during first 9 months of ‘24

Despite the government’s recent efforts to expand infrastructure development – such as roads, airports and airstrips – Cambodia’s real estate market in the first nine months of 2024 has not shown any notable positive signs, according to industry experts. ...

Hin Pisei
https://www.phnompenhpost.com/post-property/cambodia-s-real-estate-market-remains-quiet-during-first-9-months-of-24

Workshop celebrates financial literacy initiative

A workshop highlighting the outcomes of the “Strengthen Safe Finance in Communities” project was held in Phnom Penh yesterday, on October 8. It brought together key stakeholders from Cambodia’s banking, microfinance, and financial oversight institutions. This initiative, designed to promote financial literacy and consumer protection, ...

Hong Raksmey
https://www.phnompenhpost.com/business/workshop-celebrates-financial-literacy-initiative

Bicycle export earns $278M in first eight months

Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/

Govt to address economic challenges, Pornmoniroth says

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF), yesterday asked the private sector to engage in discussions on major issues such as addressing current economic challenges, revising export tax on copper tax and reassessing overdue interest rates. ...

Nhean Chamrong
https://www.khmertimeskh.com/501570207/govt-to-address-economic-challenges-pornmoniroth-says/

Govt to address economic challenges, Pornmoniroth says

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF), yesterday asked the private sector to engage in discussions on major issues such as addressing current economic challenges, revising export tax on copper tax and reassessing overdue interest rates.​ ...

Nhean Chamrong
https://www.khmertimeskh.com/501570207/govt-to-address-economic-challenges-pornmoniroth-says/

Bicycle export earns $278M in first eight months

Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/

MoC outlines tasks to secure trade preferences for post-LDC transition

The Ministry of Commerce (MoC) is negotiating with trading partners to secure favourable trade preferences during the country’s transition period from the Least Developed Country (LDC) status, which is set to end in 2029. ...

Chea Vanyuth
https://www.khmertimeskh.com/501570203/moc-outlines-tasks-to-secure-trade-preferences-for-post-ldc-transition/

Cambodia attracted $396 mil fixed-asset investment in July

Cambodia attracted $396 million in fixed-asset investment in July this year, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501570504/cambodia-attracted-396-mil-fixed-asset-investment-in-july/

Cambodia’s GDP, inflation forecast in tandem with regional growth in 2024, AMRO says

Cambodia’s inflation is expected to shrink to 0.4 percent in 2024 as fuel and food prices dropped below levels expected by the ASEAN+3 Macroeconomic Research Office (AMRO), as well as the tourism sector’s lagged recovery. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodias-gdp-inflation-forecast-in-tandem-with-regional-growth-in-2024-amro-says

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