Economy and commerce

Cash infusion set for financial sector

The government will disburse between $500 and $600 million in low-interest loans to financial institutions to enable them to provide loans to businesses at lower interest rates. ...

May Kunmakara
https://www.phnompenhpost.com/business/cash-infusion-set-financial-sector

Trade across Cambodia-Vietnam border remains stable amid COVID-19 outbreak

Trade activities across the Vietnam- Cambodia border have been maintained despite the halt of entry and exit of citizens and tourists as a measure to curb the spread of the acute respiratory disease caused by the coronavirus SARS-CoV-2 (COVID-19). ...

Khmer Times Staff
https://www.khmertimeskh.com/50707441/trade-across-cambodia-vietnam-border-remains-stable-amid-covid-19-outbreak/

Cambodia new investments totaling $900 million spread over nine provinces

Cambodia registered 40 new investment projects worth more than US$900 million in the first three months of this year, according to the Council for the Development of Cambodia (CDC). ...

Khmer Times Staff
https://www.khmertimeskh.com/50706552/cambodia-new-investments-totaling-900-million-spread-over-nine-provinces/

Fighting corruption in business

The Anti-Corruption Unit (ACU) yesterday inked a memorandum of understanding (MoU) with the Japanese Business Association in Cambodia (JBAC), to build trust and create a better investment environment for Japanese companies and other investors in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50706190/fighting-corruption-in-business/

Borders still open to trade, PM says

On Wednesday, Prime Minister Hun Sen said Cambodia remains open to cross-border trade with neighbouring countries, but the borders will remain closed to citizens and travelers. ...

May Kunmakara
https://www.phnompenhpost.com/business/borders-still-open-trade-pm-says

Cambodia-Indonesia trade rise to record high in 2019

Bilateral trade between Cambodia and Indonesia jumped 46 per cent to a record high of more than $792 million last year, from $543 million in 2018, the Ministry of Commerce said. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-indonesia-trade-rise-record-high-2019

Cambodian economy will be ‘worst hit in Asean’ ADB

The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodian-economy-will-be-worst-hit-asean-adb

Thailand proposes to close all borders with Cambodia to prevent the widespread of Covid-19 except freight

Thailand closes all road travels with Cambodia and tightens conditions for air travel as the measures to prevent the widespread of Covid-19. Thai authorities have begun to carry out the notification of a temporary travel suspension of all border entrances, with some of the ports ...

Niem Chheng
https://bit.ly/2xhAuRj

Cross-border deal inked to maintain trade amid Covid-19

Cambodia​ and​ Vietnam​ have​ agreed​ to​ allow​ cargo​ trailers​ to​ enter​ the​ common​ Bavet-Moc​ Bai​ border,​ located​ in​ Cambodia’​ Svay​ Rieng​ province​ (Bavet)​ and​ Vietnam’s​ Tay​ Ninh​ province​ (Moc​ Bai)​ after​ movement​ restrictions​ were​ enforced​ to​ prevent​ a​ Covid-19​ outbreak.​ ...

Thou Vireak
https://www.phnompenhpost.com/business/cross-border-deal-inked-maintain-trade-amid-covid-19

Trade to continue as normal

Although controls have been tightened due to the new coronavirus, trade between Cambodia and Vietnam continues, with the countries aiming to achieve $5 billion in trade by the end of the year, a Vietnamese official has confirmed. ...

May Kunmakara
https://www.phnompenhpost.com/national/trade-continue-normal

Casino workers protest unpaid wages

Nearly a hundred employees of Sihanoukville’s Yaduoli Casino yesterday staged a protest over outstanding wages after the company failed to pay them. ...

Sen David
https://www.khmertimeskh.com/50704577/casino-workers-protest-unpaid-wages/

Coronavirus impacts national development plan

The Ministry of Planning said yesterday COVID-19 will hinder a national development plan from upgrading the Kingdom to become a higher middle income country. ...

Sun Mesa
https://www.khmertimeskh.com/50703579/coronavirus-impacts-national-development-plan/

GMAC: European and American markets have announced a suspension on garment exports from Cambodia

Some foreign garment buyers have notified garment factories in Cambodia for a suspension on the shipment of garment exports from Cambodia to European and US markets due to the effects of the COVID-19 outbreak. The statement comes after the recent arrival of raw materials from ...

Vietnam, Cambodia work to ensure smooth cross-border goods transport

Cambodia has asked for Vietnam’s coordination to ensure uninterrupted cross-border transport of goods amid the COVID-19 epidemic. ...

VIetnam Plus Staff
https://en.vietnamplus.vn/vietnam-cambodia-work-to-ensure-smooth-crossborder-goods-transport/170382.vnp

Three investment projects to create 2,000 jobs

The Council for the Development of Cambodia has approved three investment projects with a total capital of US$7 million. ...

Khmer Times Staff
https://www.khmertimeskh.com/50702925/three-investment-projects-to-create-2000-jobs/

$50 million emergency fund for small and medium enterprises

The government yesterday launched a $50million special fund for small and medium Enterprise (SMEs) to boost competitiveness, productivity and daily business operations amid the impact of the pandemic Covid-19 and a 20 percent withdrawal of zero tariffs under the EU’s Everything but Arms (EBA) trade ...

Sok Chan
https://www.khmertimeskh.com/50702354/50-million-emergency-fund-for-small-and-medium-enterprises/

Call to restrict overseas imports

Small and medium enterprises (SMEs) have called for increased restrictions over allowing imported products from abroad access to their  domestic  markets. ...

Chea Vannak
https://www.khmertimeskh.com/50701923/call-to-restrict-overseas-imports/

Leading Malaysian insurer to bring “Fast & Easy” insurance to the local market

Malaysia’s leading Insurance and Takaful Company Etiqa has started operations in Cambodia, allowing the local people to experience a fast and easy way to get insured. Etiqa has entered the Kingdom upon seeing the vast potential the local market has to offer, with 97% of ...

Khmer Times Staff
https://www.khmertimeskh.com/50700680/leading-malaysian-insurer-to-bring-fast-easy-insurance-to-the-local-market

12 more Chinese ships carrying garment raw materials to arrive in Cambodia this week

The Garment Manufacturers Association in Cambodia (GMAC) said on Wednesday that 12 more Chinese ships transporting raw materials for garment industry will arrive in Cambodia this week. ...

Khmer Times Staff
https://www.khmertimeskh.com/50700937/12-more-chinese-ships-carrying-garment-raw-materials-to-arrive-in-cambodia-this-week

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