Economy and commerce

CMA members restructure $1.4B in loans

Financial institutions that are members of the Cambodia Microfinance Association (CMA) restructured some $1.397 billion in loans for 289,422 borrowers as of February 28 since the National Bank of Cambodia (NBC) on March 27 issued a circular on loan restructuring during Covid-19, according to CMA. ...

May Kunmakara

Business councils talk Thai trade

Two Bangkok-based business councils have demonstrated their commitment to join forces and ensure frictionless cross-border trade between Cambodia and Thailand amid tightened border controls imposed in the harsh times of the Covid-19 pandemic. ...

May Kunmakara

Agri-exports surge 55% in Jan-Feb

Cambodia exported a total of 1,599,922.37 tonnes of major non-milled-rice agricultural products in the first two months of this year, an increase of 569,493.88 tonnes or 55.27 per cent compared to the same period in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng ...

Thou Vireak

Music to our ears as Spotify dominates the local charts

The battle for the hearts (and ears) of Cambodian audiophiles is heating up. During its inaugural week in the Cambodian market, music streaming app Spotify has already rocketed to the top of the nation’s download charts. ...

Husain Haider

2020 bilateral trade with China reaches $8.2 billion

Data from the Ministry of Commerce showed Cambodia exported $1.086 billion of goods to China, a year-on-year increase of 8.1 percent.  Cambodia’s 2020 imports from China were valued at $7.031 billion, a contraction of 6.9 percent compared with 2019 figures. ...

Chea Vanyuth

Ministry invites exporters to expo in east China

The Ministry of Commerce has invited businesses that wish to export to China to join a three-day virtual and in-person expo set to be held in eastern China’s Shandong province from April 27-29. ...

Hin Pisei

PWSA enjoys banner 2020

Stock-listed utility Phnom Penh Water Supply Authority (PWSA) reported strong growth and solid overall business performance last year despite economic disruptions caused by the Covid-19 pandemic. ...

May Kunmakara

Profits flow in for PPWSA in 2020

Phnom Penh Water Supply Authority (PPWSA), in its annual disclosure document released on Tuesday, reported a pre-tax profit of approximately $29.68 million for 2020. ...

Husain Haider

Dara Sakor International Airport ‘to open mid-2021’

A senior official at the State Secretariat of Civil Aviation (SSCA) said the construction of Dara Sakor International Airport in Koh Kong province is on schedule and plans are for flight operations to begin in mid-2021. ...

Sok Chan

Chevron plans to increase Caltex petrol stations to 100

The government has welcomed Chevron (Cambodia) Ltd’s plan to nearly triple its network of Caltex petrol stations in the Kingdom to 100, according to a senior official at the Ministry of Mines and Energy on February 28. ...

May Kunmakara

CDC gives nod to 16 projects worth $700M last month

The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs. ...

May Kunmakara

Trade with EU valued at $3.8 billion in 2020

Data from the Ministry of Commerce showed that in 2020 Cambodia exported $3.203 billion of goods to the EU and imported $659 million from the trade bloc. ...

Chea Vanyuth

Logistics industry insiders hopeful but they see little change for now

Logistics industry insiders in the Kingdom have not seen evidence of imports and exports growing noticeably in early 2021 but are hoping to see that change as the availability of COVID-19 vaccine inoculations widens in the country and region. ...

Sok Chan

CDC grants investment licenses to two private companies

Two private companies – Ocean Apparel Manufacturing Co., Ltd., and Glamor Glass Co., Ltd., have just received green light from the Council for the Development of Cambodia (CDC) for their investment projects. ...

Phal Sophanith/AKP

Cambodia, Timor-Leste to boost economic cooperation

Because trade between Cambodia and Timor-Leste remains low, the governments of both nations have decided to work towards boosting bilateral economic and business activities, according to a statement from the Ministry of Foreign Affairs and International Cooperation. ...

Sok Chan

Mango farms set for China checks

The General Directorate of Agriculture said it had submitted a list of 25 mango farms and three treatment facilities to the Chinese General Administration of Customs for sanitary and phytosanitary inspections. ...

Thou Vireak

India trade tumbles 26% in 2020

The trade value between Cambodia and India saw a dramatic 25.81 percent reduction last year to $190.13 million from 2019’s $256.26 million as the Kingdom embarked on a feasibility study for a free trade agreement (FTA). ...

Hin Pisei

NBC, IFC to boost SME financial access

The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) will join forces on the “Cambodia Supply Chain Finance Market Development” project and expand financial access for the Kingdom’s small and medium-sized enterprises (SME). ...

May Kunmakara

Digital businesses urged to register at telecoms ministry

Minister of Posts and Telecommunications Chea Vandeth on February 24 encouraged budding digital entrepreneurs to register for licenses and receive technical support, training and “encouragement” from the ministry. ...

Thou Vireak

Greater innovation critical to driving sustained economic recovery in Cambodia and East Asia

Innovation is critical to productivity growth and economic progress in developing East Asia including Cambodia, China, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, the Philippines, Thailand, and Vietnam in a rapidly changing world, according to a new World Bank report launched today. ...

Heng Panha/AKP

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