Economy and commerce

Cambodia mulls DTA talks with seven countries

Cambodia is mulling Double Taxation Avoidance (DTA) deals with seven countries, naming the Philippines, Laos, Myanmar, France, Japan, Morocco, and the United Arab Emirates, the General Department of Taxation (GDT) said in a press release last week. ...

Chea Vanyuth
https://www.khmertimeskh.com/501475836/cambodia-mulls-dta-talks-with-seven-countries/

Top Chinese diplomat in Kingdom to push BRI projects

Coinciding with the Cambodia-China exchange year, Beijing dispatched its foreign minister to take part in the seventh intergovernmental coordination committee (ICC) meeting between the two countries, which aims to effectively implement projects under the Belt and Road Initiative (BRI) from April 21 to 23. ...

Nhean Chamrong
https://www.khmertimeskh.com/501475828/top-chinese-diplomat-in-kingdom-to-push-bri-projects/

Cambodia gears up for LDC graduation challenges

While exiting the Least Developed Country (LDC) status is considered a development milestone for Cambodia, it also means loss of trade benefits enjoyed by LDCs, including duty-free status under the Generalized System of Preferences by various countries especially the European Union. ...

Manoj Mathew
https://www.khmertimeskh.com/501475821/cambodia-gears-up-for-ldc-graduation-challenges/

Cambodia’s trade with Vietnam rises nearly 25%

Neighbouring Vietnam has consolidated its position as the second biggest trade partner of Cambodia after China with trade volume between the two rising by 24.5 percent to reach $2.32 billion in the first three months of this year (Q1, 2024), compared to the same period ...

Manoj Mathew
https://www.khmertimeskh.com/501474739/cambodias-trade-with-vietnam-rises-nearly-25/

RGPPSEZ reports strong growth in revenues for 2023

The Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) recorded a total revenue of almost $64 million throughout the 2023 year, marking an increase of 137 percent compared to 2022 annual revenues, says the Cambodia Securities Exchange (CSX). ...

James Whitehead
https://www.khmertimeskh.com/501474093/rgppsez-reports-strong-growth-in-revenues-for-2023/

Garment, footwear exports up 20% to $2.9B in Q1

Cambodia exported garment, footwear and travel goods worth 20 percent more than $2.9 billion in the first quarter, as per a report from the General Department of Customs and Excise. ...

Rachel David
https://www.khmertimeskh.com/501474747/garment-footwear-exports-up-20-to-2-9b-in-q1/

Kingdom’s export to EU up 11.9 percent in Q1

Cambodia exported $903 million worth of goods to the European Union (EU) up 11.9 percent from the $807 million in the same period last year, a report of the General Department of Customs and Excise revealed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501474745/kingdoms-export-to-eu-up-11-9-percent-in-q1/

Women clients of MFIs save 9% more than men, says study

Women clients of micro-finance institutions (MFIs) tend to have 9 percent more savings than men on average, as per a recent study. ...

Rachel David
https://www.khmertimeskh.com/501471592/women-clients-of-mfis-save-9-more-than-men-says-study/

Khmer riel introduced at Tokyo airport

The Khmer riel (KHR) is now available at Japan’s Tokyo Haneda Airport, meaning Japanese tourists visiting Cambodia can access the local currency, with the aim of strengthening tourism flow into the country. ...

Yatt Malai
https://kiripost.com/stories/khmer-riel-introduced-at-tokyo-airport

PPAP revenue rise to $8m, all round growth in Q1’24

Phnom Penh Autonomous Port (PPAP) posted a 7.1 percent year-on-year revenue hike at $8.1 million for the first quarter ended March 31, 2024 from $7.5 million, with container throughput climbing 20.4 percent to 93,153 TEUs (twenty-foot equivalent units). ...

Sangeetha Amarthalingam
https://kiripost.com/stories/ppap-revenue-rise-to-8m-all-round-growth-in-q124

MoC partners with Thailand for Thaifex-Anuga Asia 2024

The Cambodian Ministry of Commerce (MoC) said that the Department of International Trade Promotion of the Ministry of Commerce of Thailand is going to organise ‘THAIFEX-Anuga Asia 2024’. ...

Rachel David
https://www.khmertimeskh.com/501471597/moc-partners-with-thailand-for-thaifex-anuga-asia-2024/

Cambodia’s bicycle export down 43 pct in Q1

Cambodia’s bicycle export fell 43 percent year on year in the first quarter of 2024, said a General Department of Customs and Excise’s report on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501473617/cambodias-bicycle-export-down-43-pct-in-q1/

Cambodia’s trade with RCEP countries up 14.6 pct in Q1

Cambodia’s trade with Regional Comprehensive Economic Partnership (RCEP) countries reached $8.36 billion in the first quarter (Q1) of 2024, up 14.6 percent from $7.29 billion over the same period last year, said the Ministry of Commerce’s report released on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501472193/cambodias-trade-with-rcep-countries-up-14-6-pct-in-q1/

Cambodia’s garment, footwear, travel goods export up 20 pct in Q1

Cambodia exported $2,941 million worth of garment, footwear and travel products (GFTs) to international markets in the first quarter of 2024, up 20 percent from 2,449 million dollars over the same period last year, said a report released by the Ministry of Commerce on April ...

Khmer Times Staff
https://www.khmertimeskh.com/501472270/cambodias-garment-footwear-travel-goods-export-up-20-pct-in-q1/

Cambodia’s trade with ASEAN up 19% in Q1

Cambodia’s trade with other ASEAN countries rose by 18.64 percent to $4.32 billion in the first quarter of this year, a report from the Ministry of Commerce showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501473546/cambodias-trade-with-asean-up-19-in-q1/

ADB projects Cambodia to grow at 5.8% in 2024

Rising tourism footfalls and strong manufacturing prospects will drive Cambodia’s economy to grow at the rate of 5.8 percent this year and six percent next year, according to the latest edition of the Asian Development Bank’s (ADB) flagship economic report, released yesterday. ...

Manoj Mathew
https://www.khmertimeskh.com/501471600/adb-projects-cambodia-to-grow-at-5-8-in-2024/

Govt calls for investment in electric vehicles industry

Amid the rising trend of renewable energy demand and the use of electric vehicles (EVs) in the Kingdom, the Royal Government of Cambodia (RGC) asked businessmen to seize the opportunity by investing in the EV-related industry that comes with a range of benefits for both ...

Nhean Chamrong
https://www.khmertimeskh.com/501470294/govt-calls-for-investment-in-electric-vehicles-industry/

CHN Energy to explore renewable power potential in Kingdom

CHN Energy Investment Group Co. LTD, a state-owned mining and energy company in China, has proposed energy investment focusing on renewable power sources – solar PV and hydropower dams. ...

Chea Vanyuth
https://www.khmertimeskh.com/501470291/chn-energy-to-explore-renewable-power-potential-in-kingdom/

Cambodia’s plastic bag imports down 74.6 pct in Q1

Cambodia has reported a significant decline in the imports of plastic bags in the first quarter of 2024, thanks to an ongoing plastics-free campaign, said the Environment Ministry’s news release on April 10, 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501471189/cambodias-plastic-bag-imports-down-74-6-pct-in-q1/

PM highlights important roles of trade policy advisory board

Prime Minister Hun Manet has underlined the key roles and responsibilities of the Trade Policy Advisory Board (TPAB) while presiding over the inaugural launch and first plenary session of the TPAB, held here at the Peace Palace on April 8, 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501471214/pm-highlights-important-roles-of-trade-policy-advisory-board/

Battambang province industry showing strength in Q1

Cambodia’s northwestern province of Battambang, well known as one of the national agricultural hubs, has also developed a considerable industrial economy in recent periods, buoyed by increased private investment in production facilities and public infrastructure upgrades improving connectivity for the region. ...

James Whitehead
https://www.khmertimeskh.com/501470942/battambang-province-industry-showing-strength-in-q1/

ABC vows to increase riel usage

The Association of Banks in Cambodia (ABC) has committed to further increase the usage of riel through its members’ operations, as the local currency is now increasingly used in cash and digital transactions. ...

Chea Vanyuth
https://www.khmertimeskh.com/501470948/abc-vows-to-increase-riel-usage/

Stringent rules for meat importers soon, says GDCE

The General Department of Customs and Excise (GDCE) of Cambodia said that after a meeting with meat importers, it will be setting more stringent guidelines and conditions for those operating in this sector. ...

Rachel David
https://www.khmertimeskh.com/501470201/stringent-rules-for-meat-importers-soon-says-gdce/

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