Economy and commerce

Chinese firms show feasibility of Light Railway connecting airport, metro in Phnom Penh

The feasibility of a Light Railway line connecting Phnom Penh to the new airport and planned city metro (subway) was presented by the China Metro Group and Guangzhou Metro Group to the Inter-Ministry Committee of Cambodia on Saturday, said the Council for the Development of ...

Rachel David
https://www.khmertimeskh.com/501457950/chinese-firms-show-feasibility-of-light-railway-connecting-airport-metro-in-phnom-penh/

Incentives await investors spending for skills training

A set of incentives awaits investors who can provide skills development training for employees in their Cambodia businesses, reminded the Council for the Development of Cambodia (CDC) recently. ...

Manoj Mathew
https://www.khmertimeskh.com/501457946/incentives-await-investors-spending-for-skills-training/

Startups to power Cambodia’s Pentagonal Strategy

Cambodia’s future lies in startups was the broad message at the Startup Ecosystem Forum: Connect 2024 at Raintree Cambodia held in Phnom Penh on Friday. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501457944/startups-to-power-cambodias-pentagonal-strategy/

Three GI products identified for export to China

The Ministry of Commerce has identified three geographical indications (GI) products for exporting to the Chinese market, seeking support for promoting products in China. ...

Chea Vanyuth
https://www.khmertimeskh.com/501456271/three-gi-products-identified-for-export-to-china/

CDC, CYEAD discuss investment opportunities

Delegates from the Cambodia Young Entrepreneurs Association for Development (CYEAD) on Friday meet with senior officials of the Council for the Development of Cambodia (CDC) in Phnom Penh to explore investment opportunities. ...

Rachel David
https://www.khmertimeskh.com/501457408/cdc-cyead-discuss-investment-opportunities/

Cambodia’s public debt stands at $11.24 billion

Cambodia’s public debt stood at $11.24 billion by the end of last year and the risk from the debt is at a low level, according to a report of the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance last week. ...

Chea Vanyuth
https://www.khmertimeskh.com/501457412/cambodias-public-debt-stands-at-11-24-billion/

EU and Cambodia unveil $96.7M investment in four initiatives

The European Union (EU) and Cambodia have teamed up to launch four major programmes that focus on promoting sustainable value chains, energy efficiency and renewable energy, totalling $96.7 million. ...

Marissa Carruthers
https://kiripost.com/stories/eu-and-cambodia-unveil-967m-investment-in-four-initiatives

Despite progress, UNDP report reveals disparities and inequality challenges

A UNDP report has praised Cambodia for its rapid development to the medium human category, increasing a staggering 56.9 percent in two decades, but raised grave concerns about how the poorest are being left behind. ...

Yatt Malai
https://kiripost.com/stories/despite-progress-undp-report-reveals-disparities-and-inequality-challenges

Cambodia seeks more investment from Europe

Even though Cambodia has attracted more European investors, the number of their investment projects in the country is still small, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501455006/cambodia-seeks-more-investment-from-europe/

ASEAN digital economy set to double to $2 trillion by 2030

Prime Minister Hun Manet said that the ASEAN digital economy is capable of doubling its current value of around $1 trillion to reach a market cap of $2 trillion by 2030. ...

James Whitehead
https://www.khmertimeskh.com/501455000/asean-digital-economy-set-to-double-to-2-trillion-by-2030/

EU launches 4 new programs worth $85.6 mln in Cambodia

The European Union on Tuesday launched four new programs worth $85.6 million in total in Cambodia, with a focus on promoting sustainable value chains, energy efficiency and renewable energy, said a joint press release. ...

Khmer Times Staff
https://www.khmertimeskh.com/501455198/eu-launches-4-new-programs-worth-85-6-mln-in-cambodia/

Cambodia attracts $1.39 bln investment in first 2 months of 2024

Cambodia approved fixed-asset investment projects worth $1.39 billion in the first two months of 2024, a significant rise of about 500 percent compared to the same period last year, a Council for the Development of Cambodia (CDC)’s report said on Sunday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501454423/cambodia-attracts-1-39-bln-investment-in-first-2-months-of-2024/

Cambodia earns $65 million from rice exports

Cambodia exported 90,153 tonnes of milled rice to international markets in the first two months of 2024, a decline of 7.2 percent from 97,153 tonnes during the same period last year, according to a report from the Cambodia Rice Federation. ...

Khmer Times Staff
https://www.khmertimeskh.com/501454141/cambodia-earns-65-million-from-rice-exports/

Cambodia’s exports surge 22.7% in first two months

Cambodia’s international trade recorded a growth of 19.2 percent in the first two months of this year compared to the same period last year and reached $8.12 billion. While exports surged 22.7 percent to reach $3.98 billion, imports grew by 16.1 percent to reach $4.13 ...

Manoj Mathew
https://www.khmertimeskh.com/501454157/cambodias-exports-surge-22-7-in-first-two-months/

Cambodia’s rice export down 7.2 pct in first 2 months of 2024

Cambodia had exported 90,153 tons of milled rice in the first two months of 2024, down 7.2 percent from 97,153 tons over the same period 2023, said a Cambodia Rice Federation’s report released on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501453280/cambodias-rice-export-down-7-2-pct-in-first-2-months-of-2024/

Mexico’s trade balance in Kingdom is likely to reach $400M this year

Mexico has trade deposits in all ASEAN countries and its trade balance with Cambodia, in particular, is likely to touch $400 million by the end of 2024. This was made possible through the huge trade surplus between Mexico and the United States, reaching over $150 ...

Nhean Chamrong
https://www.khmertimeskh.com/501453541/mexicos-trade-balance-in-kingdom-is-likely-to-reach-400m-this-year/

Govt invested $4B for northeast economic pole

The Royal Government of Cambodia (RGC) spent about $3.85 billion by the end of last year to boost the development of northeast part of the country aimed at connecting economic flow with the triangle development area between the three neighbouring countries – Cambodia-Laos-Vietnam – through ...

Nhean Chamrong
https://www.khmertimeskh.com/501451064/govt-invested-4b-for-northeast-economic-pole/

CDC looks to attract investment from Australia

The Council for the Development of Cambodia (CDC) on Wednesday said that it working towards attracting investment partners from Australia. ...

Rachel David
https://www.khmertimeskh.com/501451818/cdc-looks-to-attract-investment-from-australia/

Minister of Information collaborates with Cambodian-Chinese Journalists to combat misinformation

Neth Pheaktra, Minister of Information, met with Soy Sopheap, President of the Cambodian-Chinese Journalists Association (CJCA), and his colleagues on March 5, 2024, at the Ministry of Information in Phnom Penh. ...

Khmer Times Staff
https://www.khmertimeskh.com/501451399/minister-of-information-collaborates-with-cambodian-chinese-journalists-to-combat-misinformation/

Cambodia, UK discuss ways to boost bilateral investment and trade cooperation

Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, received here on Monday the United Kingdom (UK) Minister for the Indo-Pacific, Rt Hon. Anne-Marie Trevelyan, discussing the bilateral cooperation on investment and trade, and UK backed-Green special economic zone project in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501451334/cambodia-uk-discuss-ways-to-boost-bilateral-investment-and-trade-cooperation/

Cambodia encourages Australia to do business and investment in high-value-added sectors

Cambodia has encouraged Australian business and investor community to further increase business and investment activities in high-value-added sectors such as agriculture and agro-processing, logistics, e-commerce, and digital technology, considered as priority sectors for economic development of the Royal Government of Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501451368/cambodia-encourages-australia-to-do-business-and-investment-in-high-value-added-sectors/

Kep issues reminder to renew ad licences or face fines and closure

Kep provincial governor Som Piseth has issued a reminder that all advertising licences in the province are now due for renewal. Businesses which fail to comply will be fined, and may face temporary suspension, or even the closure, of their operations. ...

Chea Sokny
https://www.phnompenhpost.com/national/kep-issues-reminder-to-renew-ad-licences-or-face-fines-and-closure

PM meets top Australian business leaders

Several top Australian business leaders yesterday evinced interest in trade collaborations and investment opportunities in Cambodia as Prime Minister Hun Manet met them in separate meetings during his visit to the country. ...

Manoj Mathew
https://www.khmertimeskh.com/501450457/pm-meets-top-australian-business-leaders/

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