Economy and commerce

Bicycle exports close to$250 million in first semester

Cambodia exported $247.5 million worth of bicycles to foreign markets in the first half of this year, inching down 4.2 percent compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50899597/bicycle-exports-close-to250-million-in-first-semester/

GFT exports increase 0.9% to $4.7B in first six months

The Kingdom exported $4.7214 billion worth of garments, footwear, travel products (GFT) and other finished textile goods in the first half of 2021, up 0.9 per cent year-on-year from $4.6813 billion, according to the General Department of Customs and Excise of Cambodia. ...

Thou Vireak
https://phnompenhpost.com/business/gft-exports-increase-09-47b-first-six-months

Sahas E&C deal paves way for Phnom Penh Special Economics Zone (PPSEZ) buyback

Bourse-listed Phnom Penh Special Economic Zone Plc (PPSEZ) confirmed that it has absorbed the outstanding 40 percent stake in Sahas E&C Co Ltd – paving the way for the company to press forward with its proposed share buyback. ...

Husain Haider
https://www.khmertimeskh.com/50899001/sahas-ec-deal-paves-way-for-ppsez-buyback/

Cambodia may gain from Vietnam investing in better infrastructure

A plan to improve transport infrastructure in Vietnam’s Long An province may help the country achieve its stated goal of increasing trade with Cambodia. ...

Michael Firn
https://www.khmertimeskh.com/50898290/cambodia-may-gain-from-vietnam-investing-in-better-infrastructure/

New UK trade rules to profit exporters

The UK government on July 19 launched a consultation on new trading rules designed to stimulate commercial transactions with lower-income nations, including Cambodia. ...

Thou Vireak
https://phnompenhpost.com/business/new-uk-trade-rules-profit-exporters

Air passengers drop by 92 percent in first half

Air passengers handled through the three international airports in Cambodia dropped by 92 percent to 136,680 in the first semester of this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50898857/air-passengers-drop-by-92-percent-in-first-half/

Cambodia’s economic growth forecast downgraded as COVID-19 cases rise

The UK-based Fitch Ratings credit rating agency has downgraded Cambodia’s economic outlook below the World Bank’s baseline forecast of 4 percent GDP growth for 2021 as the country continues to struggle with the economic shock of the COVID-19 pandemic.   ...

Sorn Sarath
https://cambojanews.com/cambodias-economic-growth-forecast-downgraded-as-covid-19-cases-rise/

Only 377 NagaWorld Workers Still Holding Out Against Layoffs: Union

In a move a labor group said was unprecedented, NagaWorld is calling on governmental labor inspectors to authorize the dismissal of a group of union leaders as part of the casino’s mass layoffs, overriding the legal protections unionists enjoy unless they have committed serious offenses, ...

Tran Techseng
https://vodenglish.news/only-377-nagaworld-workers-still-holding-out-against-layoffs-union/

Unions Demand Global Brands Help Workers Losing Income during Lockdown

Workers’ unions and civil society groups called on well-known fashion brands to do more to help Cambodian workers affected by the COVID-19 pandemic. This came after a new report stated that Cambodian garment sector workers had lost millions in wages during the lockdown from April ...

Lay Sopheavotey
https://cambodianess.com/article/unions-demand-global-brands-help-workers-losing-income-during-lockdown

New trading scheme may help the Kingdom’s exporters, Britain says

Cambodians are being encouraged to take part in the UK government’s public consultation on new trading rules that it says will help countries fight poverty. ...

Michael Firn
https://www.khmertimeskh.com/50897552/new-trading-scheme-may-help-the-kingdoms-exporters-britain-says/

Pig imports fall to 15 percent of demand as more turn to farming

Cambodia is importing less pork as local farmers breed more pigs in order to take advantage of stable and higher prices for the commodity. ...

Michael Firn
https://www.khmertimeskh.com/50897550/pig-imports-fall-to-15-percent-of-demand-as-more-turn-to-farming/

US top Cambodian export destination Jan-June

The US market topped export destinations for Cambodian products during the first six months of 2021 as the two countries confirmed their commitment to continue strengthening bilateral cooperation, especially in the field of trade. ...

Chea Vanyuth
https://www.khmertimeskh.com/50897620/us-top-cambodian-export-destination-jan-june/

Cambodia supports sustainable agriculture production

Cambodia has voiced support for regional efforts towards more effective and competitive agriculture production while sustaining the environment as discussed at a regional conference yesterday. ...

Yin Soeum
https://www.khmertimeskh.com/50897347/cambodia-supports-sustainable-agriculture-production/

Cambodian exports reach $8 billion Jan-June

Cambodia exported $8.201 billion in the first six months of 2021, a 17 percent increase compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...

Chea Vanyuth
https://www.khmertimeskh.com/50896757/cambodian-exports-reach-8-billion-jan-june/

Kingdom’s development funding trending to domestic financing

Cambodia is fronting more money for its own development financing according to a new report from the United Nations Development Programme (UNDP). ...

Michael Firn
https://www.khmertimeskh.com/50896696/kingdoms-development-funding-trending-to-domestic-financing/

Non-textile industrial exports up 50%

Cambodia earned $1.8997 billion from the export of non-textile-based industrial products in the first half of this year, an increase of 49.9 per cent from $1.2672 billion in the same period of 2020, the General Department of Customs and Excise of Cambodia (GDCE) reported.​ ...

Hin Pisei
https://phnompenhpost.com/business/non-textile-industrial-exports-50

China tops list of investors in H1

China was ranked first in terms of foreign direct investment (FDI) equity inflows to Cambodia in the first half of this year, at about $2 billion, according to the Chinese ambassador.​ ...

Thou Vireak
https://phnompenhpost.com/business/china-tops-list-investors-h1

Officials meet with their EU counterparts to talk recovery

Senior government officials and European counterparts met last Friday to discuss Cambodia’s economic plan. New trade policies to help the Kingdom recover from the pandemic were the focus of the conversation as well as the World Trade Organization’s role in shaping the post-pandemic recovery. ...

Husain Haider
https://www.khmertimeskh.com/50896690/officials-meet-with-their-eu-counterparts-to-talk-recovery/

Training to hone workforce’s skill

For the Cambodian workforce to emerge stronger amidst the ongoing Covid-19 crisis, UNESCO has called for accelerated investments in the lifelong learning efforts to enable them to “skill, re-skill, and up-skill” to maintain the Kingdom’s impressive economic growth.   ...

Sar Socheath
https://www.khmertimeskh.com/50896638/training-to-hone-workforces-skill/

Customs logs nearly $1.16B in first half 2021

The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) collected $1.1595 billion in revenue in the first half of 2021, down 8.9 percent year-on-year. ...

Thou Vireak
https://phnompenhpost.com/business/customs-logs-nearly-116b-first-half-2021

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