Economy and commerce

Hun Sen calls on Vietnam to invest in rice processing sector

Prime Minister Hun Sen on Friday called on the Vietnamese to invest in the Kingdom’s rice processing sector. Speaking at an annual dinner with the Vietnamese business community in Cambodia ahead of Tet – the Vietnamese Lunar New Year – Hun Sen said the Kingdom’s ...

Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-calls-vietnam-invest-rice-processing-sector

Circulation of riel rises 33%

The share of riel in circulation in the Kingdom grew by about 33 per cent year-on-year by last year’s end as deposits in riel increased by 37 per cent, said the National Bank of Cambodia (NBC) 2019 Review and 2020 Outlook report. The report noted ...

Hin Pisei
https://www.phnompenhpost.com/business/circulation-riel-rises-33

$4M solar farm investment launched in the Kingdom

Pestech International, a Malaysian company that specialises in solar power technology and infrastructure, has expanded its presence in the Kingdom.​​ The Edge Markets reported yesterday that Pestech has acquired a 94 percent stake in Green Sustainable Ventures (Cambodia). The investment is worth $4 million, according ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50680533/4m-solar-farm-investment-launched-in-the-kingdom

LNG imported from China to Cambodia

Local business Cambodian Natural Gas Co Ltd and Chinese firm CNOOC Gas Power Group Co Ltd teamed up in importing liquefied natural gas (LNG) to distribute within Cambodia’s market. The company’s officers said the cooperation is to import the LNG to supply  demand in the ...

Chea Vannak
https://www.khmertimeskh.com/50680059/lng-imported-from-china-to-cambodia

Malaysia urged to invest in waste management

Minister of Environment Say Sam Al on Tuesday welcomed Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim and encouraged Malaysians to invest in the Kingdom’s waste management sector. The Ministry of Environment said in a Facebook post: “Say Sam Al encouraged and warmly welcomed cooperation ...

Ry Sochan
https://www.phnompenhpost.com/national/malaysia-urged-invest-waste-management

Embassy seeks further inroads into Thailand’s retail market

Cambodia is seeking to display more of its products in supermarkets across Thailand to reduce the trade deficit with its neighbour. Cambodian Ambassador to Thailand Ouk Sorphorn asked Thailand’s Siam Piwat Company Limited to distribute Cambodian goods in its Iconsiam and Siam Paragon retail outlets. ...

May Kunmakara
https://www.phnompenhpost.com/business/embassy-seeks-further-inroads-thailands-retail-market

Plans for new airport in Koh Kong province unveiled

Plans for a new airport investment have been unveiled in Koh Kong province, southwest of Phnom Penh. The district currently has two airports – one under construction and another which has been abandoned for years. The government agreed to the investment for the new airport ...

Chea Vannak
https://www.khmertimeskh.com/50679398/plans-for-new-airport-in-koh-kong-province-unveiled

Cashew nut exports nearly double in 2019

Cambodia exported some 202,318 tonnes of cashew nuts last year to foreign markets, up nearly 100 per cent from 2018’s 101,973 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. Khan Samban, director of the ministry’s Department of Agro-Industry, told The Post that the ...

Thou Vireak
https://www.phnompenhpost.com/business/cashew-nut-exports-nearly-double-2019

Mixed reactions over 2020 outlook

Reactions to Cambodia’s economic and political outlooks for this year have been mixed as the possible loss of the EU’s Everything But Arms (EBA) scheme in February looms. The risks and challenges related to the uncertainty over the possible withdrawal of EBA and the country’s ...

Sorn Sarath
https://www.phnompenhpost.com/business/mixed-reactions-over-2020-outlook

Shipments of mango to South Korea poised to begin this week

Exports of Cambodian mangoes to South Korea will begin this week after Korean authorities gave the nod. The Ministry of Agriculture, Forestry and Fisheries’ Department of Plant Protection, Sanitary and Phytosanitary Requirements director Ker Monthivuth told The Post on Sunday that after several inspections of ...

Hin Pisei
https://www.phnompenhpost.com/business/shipments-mango-south-korea-poised-begin-week

Council approves four investment projects worth $17.2 million

The Council for the Development of Cambodia (CDC) on Monday announced the approval of four investment projects worth some $17.2 million. These are set to create 1,490 jobs. Sun Awesome Garment Co Ltd is to establish a garment and laundry facility in Kampong Cham’s Prey ...

Hin Pisei
https://www.phnompenhpost.com/business/council-approves-four-investment-projects-worth-172-million

PM: ‘Peace and stability the bedrock of growth’

Prime Minister Hun Sen, speaking to thousands of Cambodian People’s Party faithful who had congregated on Koh Pich to commemorate the 41st Victory Day on Tuesday, said peace and political stability was the bedrock of Cambodia’s 7.1 per cent economic growth. Low inflation, a stable ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-peace-and-stability-bedrock-growth

Corn industry maintains hope for rebound amid plummeting prices

Total corn exports dropped by more than 40 per cent on 2018 due to last year’s drought and pest damage, industry insiders said. Ministry of Agriculture, Forestry and Fisheries data showed that last year the Kingdom exported 119,993 tonnes of red corn – down 41.23 ...

Hin Pisei
https://www.phnompenhpost.com/business/corn-industry-maintains-hope-rebound-amid-plummeting-prices

Kingdom exports 157K tonnes of bananas

The export of yellow bananas to international markets last year reached 157,812 tonnes, most of which was exported to China and the rest to Vietnam and Japan, a Ministry of Agriculture, Forestry and Fisheries report showed. There is no data on 2018 banana exports to ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdom-exports-157k-tonnes-bananas

FDI to Cambodia rockets 12% to $3.5 billion in 2019

Cambodia attracted more than $3.5 billion in foreign direct investment (FDI) last year, an increase of nearly 12 per cent over 2018, thanks in part to Chinese investors who accounted for half of the investments, a National Bank of Cambodia (NBC) report released last week ...

Hin Pisei
https://www.phnompenhpost.com/business/fdi-cambodia-rockets-12-35-billion-2019

Report: Banking system healthy

Political stability, growth in all economic sectors and a strong banking system were major drivers that reinforced public confidence in the Kingdom’s banking system last year, said the National Bank of Cambodia (NBC). According to its “Macroeconomic and Banking Progress 2019 Report and 2020 Outlook”, ...

May Kunmakara
https://www.phnompenhpost.com/business/report-banking-system-healthy

As rice exports to EU drop, dealers are reducing prices due to tariffs

Government data showed that Cambodia’s rice exports to the European Union had dropped by 30 percent in 2019, after the economic bloc imposed tariffs at the start of last year. Ministry of Agriculture data showed that rice exports dropped from 300,000 tons in 2018 to around ...

Sun Narin
https://www.voacambodia.com/a/as-rice-exports-to-eu-drop-dealers-are-reducing-prices-due-to-tariffs-/5229066.html

Trademark registrations slightly increase in 2019

Registrations for trademarks rose slightly in the first 11 months of last year compared to the same period in 2018, the Ministry of Commerce’s Results Review and Implementation Plan for 2020 report stated. The report showed that trademark registrations rose by 2.13 per cent to ...

Thou Vireak
https://www.phnompenhpost.com/business/trademark-registrations-slightly-increase-2019

Rubber exports grow nearly 24% last year

The Kingdom’s rubber exports saw a 24 per cent increase over the first 11 months of last year compared to the same period in 2018, data from the General Directorate of Rubber obtained by The Post on Tuesday showed. Pol Sopha, the director-general of the ...

Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-grow-nearly-24-last-year

Executive outlook for 2020

Despite internal and external challenges, the Cambodian economy reached even greater heights last year, with the government reporting economic growth of 7.1 per cent – the highest in the Asean region. However, China-US trade tensions and protectionist policies remain obstacles, with the government forecasting 6.5 ...

May Kunmakara
https://www.phnompenhpost.com/business/executive-outlook-2020

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