Economy and commerce

Cambodia and South Korea trade valued at $884 million

The bilateral trade between Cambodia and South Korea was valued at $884 million as of December 2020, a year-on-year decrease of 14 percent. Figures from the Korean International Trade Association showed that from January to December 2020, Cambodia exported $317 million of products to South ...

Chea Vanyuth
https://www.khmertimeskh.com/50804885/cambodia-and-south-korea-trade-valued-at-884-million/

Ministry studies how best to boost exports under China deal

At its Friday meeting on the study and formulation on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One ...

Jason Boken
https://www.khmertimeskh.com/50804912/ministry-studies-how-best-to-boost-exports-under-china-deal/

A $7.8 million garment factory project approved by CDC

Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50804809/a-7-8-million-garment-factory-project-approved-by-cdc/

Gains not losses: Key factors that affect share prices in the market

Share price fluctuations can either create opportunities for gains for investors – or potentially be the cause of losses. Factors that drive demand (buying orders) higher than supply (selling orders) will generally lead to an increase in stock price. Conversely, any that drive supply higher ...

Post Staff
https://www.phnompenhpost.com/banking-securities-business/gains-not-losses-key-factors-affect-share-prices-market

Duty-free exports to US jump

Cambodia exported goods worth $6.06 billion to the US market in the first 11 months of last year, up 22.2 per cent from the same period in 2019, while total bilateral trade volume reached $6.37 billion, according to data released by the US Bureau of ...

Hin Pisei
https://www.phnompenhpost.com/business/duty-free-exports-us-jump

SECC prepared to list shares of holding firms

The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...

May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms

Ministry revamps self-assessment tax regime classifications

The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime. ...

Sok Chan
https://www.khmertimeskh.com/50804495/ministry-revamps-self-assessment-tax-regime-classifications/

Japan to assist in Cambodian customs clearance automation

The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process.​​ ...

Jason Boken
https://www.khmertimeskh.com/50804464/japan-to-assist-in-cambodian-customs-clearance-automation/

Kingdom’s bicycle exports top $500M

Cambodia exported bicycles worth approximately $527 million to international markets last year, up 27 percent from 2019. This establishes Cambodia as the No1 country in ASEAN and No5 globally for bicycle exports, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-bicycle-exports-top-500m

‘Robust’ new cassava policy aims to diversify farming and boost exports

The launch of Cambodia’s National Cassava Policy 2020-2025 yesterday delivered new energy to the boosting of production and exports for the crop. This policy sets robust commitments for the diversification of Cambodia’s economic bases away from traditional sectors. ...

Sok Chan
https://www.khmertimeskh.com/50803999/robust-new-cassava-policy-aims-to-diversify-farming-and-boost-exports/

Rubber production to receive multi-agency effort to improve

WWF-Cambodia and the General Department of Rubber at the Ministry of Agriculture, Forestry and Fisheries (MAFF) signed a memorandum of understanding (MoU) to build a multi-agency partnership for transparent and sustainable natural rubber supply chains in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50803833/rubber-production-to-receive-multi-agency-effort-to-improve/

Rent reductions increasingly possible for smaller firms

Small and medium-sized enterprises (SMEs) have taken a slight upper hand in the negotiation of commercial rental prices across the Kingdom as COVID-19 is still hindering the property sector. ...

Jason Boken
https://www.khmertimeskh.com/50803836/rent-reductions-increasingly-possible-for-smaller-firms/

Another new investment project approved by CDC

According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/

UN rolls out fund for women-led firms

Cambodian women-led fintechs, technology or regulated financial institutions are among the enterprises eligible for the recently-launched Women Enterprise Recovery Fund to promote and expand their businesses, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). ...

May Kunmakara
https://www.phnompenhpost.com/business/un-rolls-out-fund-women-led-firms

SME fund fully subscribed

A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50803513/sme-fund-fully-subscribed/

Ministry of Commerce signs two development MoUs

The Ministry of Commerce (MoC) signed two memorandums of understanding (MoUs) – with the Cambodian BRB retail and product promotion consulting company and another with the Cambodian Coca-Cola Co. ...

Jason Boken
https://www.khmertimeskh.com/50803679/ministry-of-commerce-signs-two-development-mous/

CRF: Bumper 2021 for organic rice

Cambodia exported 11,200 tonnes of organic milled rice to international markets in 2020, a slight 1.2 per cent increase over 2019, according to the Cambodia Rice Federation (CRF). While the milled-rice export sector by and large chalks up 2020’s lacklustre growth performance to the ongoing ...

Hin Pisei
https://www.phnompenhpost.com/business/crf-bumper-2021-organic-rice

Cambodia readies for EU meet on 7-year work plan

The Kingdom is set to host a consultative meeting with EU representatives and partners based in the country next month and prepare a 2021-2027 joint development cooperation plan that centres on market diversification, according to the Council for the Development of Cambodia (CDC). ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-readies-eu-meet-7-year-work-plan

Domestic salt industry feeling the pinch of the pandemic

A local salt producer says that her company’s exports have been stuck in stasis by the COVID-19 pandemic and tough competition among local producers is making things even tougher. Thaung Thyda, the founder of Thaung Enterprise, says her company was focused on exports but with ...

Sok Chan
https://www.khmertimeskh.com/50803231/domestic-salt-industry-feeling-the-pinch-of-the-pandemic/

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