Economy and commerce

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. ...

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. ...

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. ...

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. ...

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

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

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.   ...

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, ...

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 ...

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. ...

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

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. ...

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. ...

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. ...

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

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.​ ...

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.​ ...

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. ...

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.   ...

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. ...