Economy and commerce

Most international flights from China

Around 25 international flights are entering and leaving Cambodia every week mostly from China, according to Cambodia’s State Secretariat of Civil Aviation (SSCA).​ ...

Sok Chan
https://www.khmertimeskh.com/50727792/most-international-flights-from-china/

New MoU will make loans easier to decide and repay

Agriculture Rural Development Bank (ARDB) together with Wing (Cambodia) Ltd Specialized Bank and Cambodia Investors Corp (CIC) inked a memorandum of understanding (MoU) to facilitate loan repayments, encourage the use of digital banking and to provide information to borrowers to guarantee the credit deal. ...

Sok Chan
https://www.khmertimeskh.com/50727796/new-mou-will-make-loans-easier-to-decide-and-repay/

Etiqa Insurance to get foothold in nation

Cambodia’s Ministry of Economy and Finance has granted a business licence to Etiqa Insurance & Takaful, a leading insurance provider in Malaysia, paving the way for the firm to tap into the Kingdom’s nascent insurance market, the company announced. ...

Chhut Bunthoeu
https://www.khmertimeskh.com/50726930/etiqa-insurance-to-get-foothold-in-nation/

Kandal’s 400mW heavy fuel power plant to resume construction next month

Construction on a 400 megawatt (mW) heavy fuel oil power project in Kandal province’s Lvea Em district, which was planned to begin operations in the first part of June, will not be able to move forward as planned. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50726931/kandals-400mw-heavy-fuel-power-plant-to-resume-construction-next-month/

Industry leaders continue to call for further economic support

Business advocates are continuing to call on the Cambodian government to further support the local economy during and after the COVID-19 pandemic – through the implementation of collateral-free working loans and new policies to encourage more foreign direct investment in the Kingdom. ...

Harrison White
https://www.khmertimeskh.com/50726929/industry-leaders-continue-to-call-for-further-economic-support/

Nearly $175 million in new investments flow in but can’t keep pace with increasing unemployment

Five more investment projects worth $174.8 million have been approved, according to a press release of the Council for the Development of Cambodia issued on May 22. ...

Khmer Times Staff
https://www.khmertimeskh.com/50726183/nearly-175-million-in-new-investments-flow-in-but-cant-keep-pace-with-increasing-unemployment/

Market Capitalisation fell by 22 percent in Q1 2020

The Capital Market saw a 22 per cent drop capitalisation in the first quarter of the year, bringing the market capitalisation to around $544million, compared with the fourth quarter of 2019. From January to March in 2020, the Phnom Penh Special Economic Zone (PPSP)’s share ...

Sok Chan
https://www.khmertimeskh.com/50726057/market-capitalisation-fell-by-22-percent-in-q1-2020/

Khmer Enterprise and SHE Investments to support MSMEs

Khmer Enterprise (KE), an implementation unit of the Entrepreneurship Development Fund established by the Ministry of Economy and Finance (MEF), and SHE Investments, Cambodia’s first and only gender-focused and culturally tailored business incubator and accelerator, have jointly developed the Digital Resource Center for Micro, Small ...

Sok Chan
https://www.khmertimeskh.com/50726358/khmer-enterprise-and-she-investments-to-support-msmes/

MoU inked to promote local bourse

Cambodia Chamber of Commerce (CCC) and Securities and Exchange Commission of Cambodia (SECC) – the country’s securities regulator – signed a memorandum of understanding (MoU) in a move to team up concerning raising awareness, while encouraging firms to join the local stock market.​ ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50726581/mou-inked-to-promote-local-bourse/

Listed Chinese firm licensed to build another solar park

The Council for the Development of Cambodia (CDC) granted a business licence to Chinese panel maker Risen Energy (Cambodia) to build a 60 megawatt (mW) solar farm in Battambang province. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50726630/listed-chinese-firm-licensed-to-build-another-solar-park/

Two Japanese firms eye agricultural opportunities

NIPPON Express and Xamato Green expressed their interest after seeing a potential investment in Cambodia’s agriculture sector. The plan was disclosed during a meeting last week led by Yamato Green company’s Chairman Nabeshima Katsuhito and Ngin Chhay, the director-general of the General Directorate of Agriculture ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50726611/two-japanese-firms-eye-agricultural-opportunities/

Cambodia’s Longan fruit bound for China

Longan is potential for both local market and export to Thailand and the drying facility for the fruit has already been built, said Thou Phea, Deputy Governor of Pailin province.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/50725910/cambodias-longan-fruit-bound-for-china/

Government massively cuts imports of live pigs

The government has reduced the import of live pigs from neighbouring countries by up to 70 percent to support local farmers to increase their production, according to a senior official of the General Directorate of Animal Health and Production. ...

Sok Chan
https://www.khmertimeskh.com/50725748/government-massively-cuts-imports-of-live-pigs/

Natural rubber exports retain bounce during Covid-19 crisis

Cambodia exported $22.17 million worth of natural rubber to the international market last month, gaining 6.3 per cent over April 2019’s $20.85 million, said a Ministry of Agriculture, Forestry and Fisheries report.​ ...

Hin Pisei
https://www.phnompenhpost.com/business/natural-rubber-exports-retain-bounce-during-covid-19-crisis

SME competition set for July

The private sector plans to launch the first small and medium-sized enterprise (SME) competition in Cambodia to promote the SME sector and seek financial loan support for business expansion. ...

Thou Vireak
https://www.phnompenhpost.com/business/sme-competition-set-july

Cambodia expects Chinese tourists to drive its tourism growth after COVID-19 outbreak

Cambodia is hoping that Chinese tourists will drive its tourism growth when the world is cleared of the COVID-19 pandemic, Tourism Minister Thong Khon said. ...

Khmer Times Staff
https://www.khmertimeskh.com/724550/cambodia-expects-chinese-tourists-to-drive-its-tourism-growth-after-covid-19-outbreak/

Loan tenures to be extended to 7 years

The Ministry of Economy and Finance has approved the extension loan tenures to seven years from four years under a revised agreement between SME Bank and Participating Financial Institutions (PFIs). ...

Sok Chan
https://www.khmertimeskh.com/724278/loan-tenures-to-be-extended-to-7-years/

PM Hun Sen gives nod for white rice exports resumption

Three agriculture products were given the nod to restart export next week, the government announced Friday during the cabinet meeting chaired by Prime Minister Hun Sen. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50723899/pm-hun-sen-gives-nod-for-white-rice-exports-resumption/

Anti-money laundering draft law approved

Cambodia’s draft law of anti-money laundering bill has been approved today at the Council of Ministers meeting chaired by Prime Minister Hun Sen. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50723656/anti-money-laundering-draft-law-approved/

Cambodia pushes hard on free-trade agreements

Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement. ...

Sorn Sarath
https://www.khmertimeskh.com/50723292/cambodia-pushes-hard-on-free-trade-agreements/

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