Economy and commerce

Multi-purpose port for Kep province

A multi-purpose port is in the pipeline to be built in Kep province that will serve the tourism sector as well as a maritime seaport that will boost the economy and development sector of the province. ...

Chea Vanyuth
https://www.khmertimeskh.com/50908847/multi-purpose-port-for-kep-province/

Lockdown against COVID-19 hampers Century Entertainment’s launch of new Cambodian casino

Strict lockdown measures in place nationwide, implemented on July 29 has again hampered the opening of Century Entertainment’s launch of new Cambodian casino in Koh Kong. ...

Khmer Times Staff
https://www.khmertimeskh.com/50908972/lockdown-against-covid-19-hampers-century-entertainments-launch-of-new-cambodian-casino/

Cambodia urges Asean Plus Three to focus on 4 priority areas

Four priority areas of cooperation, namely public health security, micro, small and medium enterprises (MSME) capacity building, climate-change resilient agricultural production, and sustainable energy have been emphasised by Cambodia’s top diplomat.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/50908905/cambodia-urges-asean-plus-three-to-focus-on-4-priority-areas/

Requests for loans drop 34% in Apr-Jun

Applications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. ...

May Kunmakara
https://www.phnompenhpost.com/business/requests-loans-drop-34-apr-jun

Cambodia sets 2021 growth forecast at 2.5%

Cambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-sets-2021-growth-forecast-25

CSX says not involved in GoldFX row

The Cambodia Securities Exchange (CSX) on August 3 said it is not involved in a fraud dispute concerning derivatives broker GoldFX Investment Co Ltd. ...

Thou Vireak
https://www.phnompenhpost.com/business/csx-says-not-involved-goldfx-row

Best, Cainiao launch China logistics service

Best Inc, a Chinese smart supply chain solutions and logistics services provider, on August 2 rolled out a “full-chain, direct logistics service” to send packages from China to Cambodia, Thailand and Vietnam, it said in a press release. ...

Thou Vireak
https://www.phnompenhpost.com/business/best-cainiao-launch-china-logistics-service

GDT and Japanese embassy hosts virtual discussion with investors

The General Department of Taxation at the Ministry of Economy and Finance and Japanese Embassy to Cambodia held a virtual discussion Monday in conjunction with the Japanese embassy on tax considerations for Japanese investors. ...

Chea Vanyuth
https://www.khmertimeskh.com/50908193/gdt-and-japanese-embassy-hosts-virtual-discussion-with-investors/

New garment sector investments exceeding $8mn approved by CDC

The Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. ...

Husain Haider
https://www.khmertimeskh.com/50908192/new-garment-sector-investments-exceeding-8mn-approved-by-cdc/

Chilli exports up nearly 50%

Cambodia exported 67,547.34 tonnes of chillies in the first seven months of 2021, an increase of nearly 50 per cent year-on-year, according to the General Directorate of Agriculture. ...

Hin Pisei
https://phnompenhpost.com/business/chilli-exports-nearly-50

ARDB loans set for rice sector

The state-owned Agricultural and Rural Development Bank of Cambodia (ARDB) announced that it has reserved a large number of financial packages of working capital loans for rice millers and exporters to buy paddy from farmers during the upcoming harvest season, in a bid to push ...

Thou Vireak
https://phnompenhpost.com/business/ardb-loans-set-rice-sector

NBC and NSSF joining hands in investment management

The National Bank of Cambodia (NBC) and the National Social Security Fund (NSSF) have entered into a partnership on social security planning, investment management and human resource development. ...

May Kunmakara
https://phnompenhpost.com/business/nbc-and-nssf-joining-hands-investment-management

GFX spurns meeting set with gov’t and victims

Embattled derivatives brokerage GoldFX Investment Co Ltd (GFX) was a no show at a tripartite meeting with victims that had been scheduled for Friday. ...

Husain Haider
https://www.khmertimeskh.com/50907147/gfx-spurns-meeting-set-with-govt-and-victims/

CDC approves $71 million in new investments to create 9,500 jobs

Eight new projects worth $71.4 million have been approved by the Council for the Development of Cambodia (CDC). The new projects  will create over 9,500 jobs at a critical juncture in the Kingdom’s economic recovery. ...

Michael Firn
https://www.khmertimeskh.com/50906237/cdc-approves-71-million-in-new-investments-to-create-9500-jobs/

Cambodia and Russia agree to boost bilateral trade and investment

Cambodia and Russia have agreed to boost bilateral cooperation on trade and investment, as the two countries mark the 65-year anniversary of the establishment of diplomatic relations. ...

Chea Vanyuth
https://www.khmertimeskh.com/50906438/cambodia-and-russia-agree-to-boost-bilateral-trade-and-investment/

Kingdom forecasts $5Bn in government revenue

The Cambodian government expects to earn tax and customs income of at least $5 billion by the end of 2021. This would bring revenue expectations in line with the $5.28 billion collected as registered in 2020. ...

Chea Vanyuth
https://www.khmertimeskh.com/50906434/kingdom-forecasts-5bn-in-government-revenue/

Agricultural exports rise 87% in first seven months despite rice shipment drop

Cambodia exported nearly $3 billion worth of agricultural products in the first seven months of the year, a rise of more than 87 percent over the same period in 2020. ...

Khmer Times Staff
https://www.khmertimeskh.com/50906370/agricultural-exports-rise-87-in-first-seven-months-despite-rice-shipment-drop/

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