Economy and commerce

BRI projects provide tangible benefits in Cambodia during pandemic

Cooperation projects under the Belt and Road Initiative (BRI) have provided tangible benefits to Cambodia and the world during the COVID-19 pandemic, a scholar in Cambodia said on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501077395/bri-projects-provide-tangible-benefits-in-cambodia-during-pandemic/

93% Cambodia workers in informal sector: ADB

The International Labour Organization (ILO) estimates that as many as 93% of those who are employed in Cambodia are part of the informal economy, while the share in Myanmar and Indonesia, two other Southeast Asian countries, is as high as 85%. ...

Manoj Mathew
https://www.khmertimeskh.com/501076646/93-cambodia-workers-in-informal-sector-adb/

Cambodia’s exports jump 32 percent in first four months

Cambodia exported goods for a total of $7,606 million in the first four months this year, a 32 percent increase over the same period last year, data from the General Department of Customs and Excises showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501076534/cambodias-exports-jump-32-percent-in-first-four-months/

Jan-Apr trade volume tops $17B

The Kingdom’s trade volume reached $17.65 billion in the first four months of this year, up 15.47 per cent versus the $15.28 billion to the same period last year, according to the General Department of Customs and Excise (GDCE).   ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-trade-volume-tops-17b

Cambodia, KOICA discuss request survey of new projects for 2024

The Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB / CDC) and Korea International Cooperation Agency (KOICA) held a roundtable dialogue here on May 16 to review request survey of new projects for 2024 in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501076896/cambodia-koica-discuss-request-survey-of-new-projects-for-2024/

Value chain upkeep for EVFTA

Cambodia and Vietnam have agreed to ensure the sustainability of the value chain to meet trade demands in accordance with the EU-Vietnam Free Trade Agreement (EVFTA), which came into force in July 2020. ...

Nov Sivutha
https://www.phnompenhpost.com/business/value-chain-upkeep-evfta

Green Sea readies mangoes for export to China

Green Sea Agriculture Co Ltd spent nearly $70 million in the course of over three years to grow six varieties of mango in Stung Treng province for export to China. ...

Hom Phanet
https://www.phnompenhpost.com/business/green-sea-readies-mangoes-export-china

‘Indo-Pacific Economic Framework’ not a blessing to Asia

IPEF is created to encourage regional economies to “decouple” from the Chinese market by leading them to alternative supply chains, a step that Washington believes will help exclude China from the regional trading and supply systems. ...

Khmer Times Staff
https://www.khmertimeskh.com/501076225/indo-pacific-economic-framework-not-a-blessing-to-asia/

Cambodians report scams in online shopping experiences

In Cambodia, online shopping – typically on smartphones and tablets – is becoming increasingly popular due to its convenience. However, this presents significant issues for less technologically savvy buyers, who may be more vulnerable to scams, especially when shopping on social media. ...

Try Thaney
https://cambojanews.com/cambodians-report-scams-in-online-shopping-experiences/

China stresses cooperation at ASEAN+3 meeting

China is willing to deepen pragmatic financial cooperation with regional countries and promote innovative regional cooperation to better grapple with global growth challenges and drive up regional growth, an official said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501074823/china-stresses-cooperation-at-asean3-meeting/

ACLEDA reports 20% less net profit in Q1

Mainboard-listed commercial bank ACLEDA Bank Plc’s net profit for the first quarter ended March 31 fell 20 per cent to $35.36 million from $44.10 million last year as a result of widening net impairment loss, interest expense, and general and administrative expenses. ...

May Kunmakara
https://www.phnompenhpost.com/business/acleda-reports-20-less-net-profit-q1

Jan-Mar Canada exports rise 8% as CCC eyes office launch

Cambodia netted $241.41 million from exports to Canada in the first quarter of 2022, marking an 8.1 per cent rise year-on-year from $223.23 million, and accounting for 98.2 per cent of bilateral trade over the period, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-mar-canada-exports-rise-8-ccc-eyes-office-launch

Gov’t confident while labour unions warn against EBA exit

Withdrawal of Everything But Arms (EBA) from Cambodia has evoked mixed reaction from economic experts and labour unions in the country. While economic experts claimed it would not affect badly, labour unions have raised concerns and urged the government to deal with European Union (EU) ...

Soth Koemsoeun
https://www.khmertimeskh.com/501071988/govt-confident-while-labour-unions-warn-against-eba-exit/

Jan-Apr rice exports exceed half a billion dollars

Cambodia netted more than $516 million from the export of paddy and milled rice in the first four months of 2022, despite uncertainty brought upon by Covid-19 outbreaks in key markets. ...

Hom Phanet
https://www.phnompenhpost.com/business/jan-apr-rice-exports-exceed-half-billion-dollars

Major biomass power plant on track to go online by July

A major rice husk biomass power plant in southeastern Phnom Penh’s Chbar Ampov district is still on track to be completed and start operations by July, a press release confirmed on May 5.   ...

May Kunmakara
https://www.phnompenhpost.com/business/major-biomass-power-plant-track-go-online-july

Cambodia rice exports rise to $516 million in four months

Cambodia exported 221,138 tonnes of milled rice and 1,648,474 tonnes of un-milled rice, with a total value of $516.21 million in the first four months of 2022, according to a release from the Cambodia Rice Federation (CRF). ...

Sok Sithika
https://www.khmertimeskh.com/501071306/cambodia-rice-exports-rise-to-516-million-in-four-months/

PM meets with US business giants

Prime Minister Hun Sen has met with a number of major US companies who have expressed interest in investing in Cambodia, in a meeting convened by the US-ASEAN Business Council (US-ABC).   ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-meets-us-business-giants

Construction begins on $1.5B Kampot seaport

The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province.   ...

Nov Sivutha
https://www.phnompenhpost.com/business/construction-begins-15b-kampot-seaport

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