Economy and commerce

UAE firm sets sight on oil in Kingdom

Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...

Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom

Europe expected to consider EBA efforts, impact

The government said it expects the European Commission to consider its efforts to comply with the “Everything But Arms” (EBA) regulations and the impact on one million workers should access to the agreement be suspended in February. The Ministry of Foreign Affairs and International Cooperation ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/europe-expected-consider-eba-efforts-impact

Hun Sen: Kingdom’s economy to grow 7.1%

Cambodia’s economic growth is projected at 7.1 per cent this year or about $24 billion thanks to the good performance of the industrial sector that is creating strong domestic revenue. Speaking at the graduation ceremony of Cambodia University of Specialties on Wednesday, Prime Minister Hun ...

Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-kingdoms-economy-grow-71

EBA withdrawal a destruction of EU achievements, PM says

Prime Minister Hun Sen said the EU’s possible suspension of its Everything But Arms (EBA) agreement amounted to a destruction of its achievements in the Kingdom and the demise of the opposition group. Hun Sen made the remarks while addressing more than 6,700 students during ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/eba-withdrawal-destruction-eu-achievements-pm-says

FTA with EAEU bloc may diversify export market

As the government moves to a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), garment and rice industry insiders expect the new trade corridor to diversify the Kingdom’s export market. ...

Thou Vireak
https://www.phnompenhpost.com/national/fta-eaeu-bloc-may-diversify-export-market

Chinese firms seek investments in coconut farming in Cambodia

A group of investors from the Chinese province of Hainan is now in the Kingdom exploring opportunities in coconut farming. The delegation met yesterday with Minister of Agriculture Veng Sakhon in Phnom Penh to discuss the coconut sector in the Kingdom and announce their intention ...

Chea Vannak
https://www.khmertimeskh.com/50667072/chinese-firms-seek-investments-in-coconut-farming-in-cambodia/

Chinese eye asset management

A group of Chinese investors has expressed interest in investing in Cambodia’s asset management sector and tapping into the vast opportunities for businesses and investments brought about by the Kingdom’s current economic development. Kao Thach, the CEO of state-owned Rural Development Bank (RDB), met with a ...

Thou Vireak
https://www.phnompenhpost.com/business/chinese-eye-asset-management

Garment factories opening despite potential loss of EBA deal: report

Garment factories continue to open in the Kingdom despite the looming threat Cambodia faces of losing its Everything-but-arms (EBA) status with the European Union, a report published recently notes.​ ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50666883/garment-factories-opening-despite-potential-loss-of-eba-deal-report/

CDC approves projects worth $8.8M

The Council for the Development of Cambodia (CDC) approved three investment projects in the bags and garment sector with a total capital investment of $8.8 million, it said on Monday. The projects approved are bag factory Quan Ming Handbag (Cambodia) Industrial Co Ltd, the bag and ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-projects-worth-88m

PPSP reports strong revenue growth reaching $2M in Q3

The Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone (PPSP) reported strong revenue growth reaching $2 million in the third quarter of this year – up 46.96 per cent from $1.4 million in the third quarter of last year. ...

May Kunmakara
https://www.phnompenhpost.com/business/ppsp-reports-strong-revenue-growth-reaching-2m-q3

Cambodian rice set for export to South Africa

Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday. The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodian-rice-set-export-south-africa

Obtain quality certification, rubber industry owners told

The Ministry of Agriculture, Forestry and Fisheries has called on rubber industry owners to obtain quality certification for their product to boost rubber prices.​​ The ministry’s director of the Department of Administration and Legislation under the ministry’s General Directorate of Rubber Khuon Phalla spoke to ...

Thou Vireak
https://www.phnompenhpost.com/business/obtain-quality-certification-rubber-industry-owners-told

Acleda to be listed on CSX

Locally-owned Acleda Bank Plc will become the first commercial bank to be listed on the Cambodia Securities Exchange (CSX). It received an official letter to this effect from the National Bank of Cambodia (NBC) on November 26, which allows it to proceed with its plans for ...

May Kunmakara
https://www.phnompenhpost.com/business/acleda-be-listed-csx

CSX trade volume plummets 92 per cent in third quarter

Trade volume at the nascent Cambodia Securities Exchange (CSX) in the third quarter of this year was down 92.1 per cent on the second, the Securities Exchange Commission of Cambodia (SECC) Securities Trading Statistical Bulletin said on Tuesday. ...

May Kunmakara
https://www.phnompenhpost.com/business/csx-trade-volume-plummets-92-cent-third-quarter

World Bank reports strong export growth, warns of potential ‘EBA’ withdrawal

The World Bank on Wednesday released an update to the biannual “Cambodia Economic Update”, which showed that the economy grew by 7.5 percent in 2018, but could drop to 7 percent this year. The updated growth numbers are the same as the ones released in ...

Hul Reaksmey
https://www.voacambodia.com/a/world-bank-reports-strong-export-growth-warns-of-potential-eba-withdrawal/5185964.html

World Bank warns of economic risks amid strong growth

Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update. ...

Tran Techseng
https://vodenglish.news/world-bank-warns-of-economic-risks-amid-strong-growth/

$3 billion in reserve ahead of possible EBA withdrawal

The government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. ...

Thou Vireak
https://www.phnompenhpost.com/national-politics/3-billion-reserve-ahead-possible-eba-withdrawal

Ministry says economic growth has benefitted people equitably

The strong economic growth Cambodia has experienced in the last few decades has benefitted everyone and created opportunities for all, a high-ranking government official said yesterday. ...

Chea Vannak
https://www.khmertimeskh.com/50665228/ministry-says-economic-growth-has-benefitted-people-equitably/

Event tackles MSME sector’s woes

Micro, small- and medium-sized enterprises (MSMEs) continue to play an important role in supporting the Kingdom’s economic growth, with stakeholder engagement required in tackling certain challenges, Ministry of Industry and Handicraft official Chhea Layhy said on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/event-tackles-msme-sectors-woes

National economy experiencing robust growth: WB

The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018.​ ...

Sok Chan
https://www.khmertimeskh.com/50664637/national-economy-experiencing-robust-growth-wb/

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