Economy and commerce
Investment
Cambodia’s trade with China crosses $8 billion
China remained the biggest trading partner of Cambodia in the January to August period this year and the trade between the two countries reached $8.09 billion by the end of last month showing an increase of 1.1 percent compared to the same period in 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501359586/cambodias-trade-with-china-crosses-8-billion/
CDC urges Xiamen investors to tap vast opportunities in Kingdom
The Council for the Development of Cambodia (CDC) has sought investments from potential investors from China’s Xiamen city of the Fujian province amid the Kingdom setting records in terms of Foreign Direct Investments (FDIs) during the current year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501359497/cdc-urges-xiamen-investors-to-tap-vast-opportunities-in-kingdom/
India critical to Cambodia’s FTA expansion plans
The emerging superpower India stands as a high potential for the Kingdom’s Free Trade Agreement (FTA) expansion plans, a leading Cambodian academician and international development expert has opined. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501359583/india-critical-to-cambodias-fta-expansion-plans/
PM to chair business forum in New York
The Cambodia Chamber of Commerce (CCC) and the US Chamber of Commerce will jointly host the Cambodia-US Business Forum in New York next Friday aimed at promoting investment and business opportunities in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501358561/pm-to-chair-business-forum-in-new-york/
Tax revenue dips 2% between Jan, July
The government collected 15.4 trillion riel or $3.7 billion in tax revenue in the first seven months of the year, which is equivalent to 58.7 per cent of the 2023 annual budget law, according to the Ministry of Economy and Finance. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-dips-2-between-jan-july
Chinese investment in agricultural sector gives fillip to economy
Chinese investment in the Kingdom’s agricultural sector has boosted the national economy and created jobs for local people, said an expert from the Chinese Cambodian Evolution Researcher Association. ...
Nheng Chamrong
https://www.khmertimeskh.com/501359851/chinese-investment-in-agricultural-sector-gives-fillip-to-economy/
Hun Sen suggests two key sectors for Japanese investors
Hun Sen, President of the Supreme Privy Council of His Majesty the King, has encouraged the Japanese investors to invest in Cambodia’s two key areas, including the establishment of factories for raw material processing, and advanced technology such as car assembly plants, production of electronic ...
Khmer Times Staff
https://www.khmertimeskh.com/501360042/hun-sen-suggests-two-key-sectors-for-japanese-investors/
China’s CHINT to open $2.5M medium voltage factory
A global smart energy solutions firm, Chinese-owned CHINT Group Co Ltd, is leveraging the Kingdom’s energy production capacity to support the rapid demand growth for medium-voltage power equipment in the country, as well as Thailand, Laos and Myanmar. ...
May Kunmakara
https://www.phnompenhpost.com/business/chinas-chint-open-25m-medium-voltage-factory
Koh Kong plans new SEZs to ‘boost’ trade
A senior official from the Koh Kong Provincial Administration has revealed that the government has plans to establish two additional special economic zones (SEZs) in Botum Sakor district. ...
Van Socheata
https://www.phnompenhpost.com/national/koh-kong-plans-new-sezs-boost-trade
Parties eye ‘common ground’ in wage talks
In the latest meeting of the National Council on Minimum Wage (NCMW) regarding 2024 wage determination for the textile, garment, bag, footwear and travel goods sectors, both parties have reached an agreement to conclude negotiations by September 28. ...
Van Socheata
https://www.phnompenhpost.com/national/parties-eye-common-ground-wage-talks
Sun Chanthol visits Sihanoukville Port Special Economic Zone
Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, on Sep 11, visited Sihanoukville Port Special Economic Zone. ...
Khmer Times Staff
https://www.khmertimeskh.com/501358469/sun-chanthol-visits-sihanoukville-port-special-economic-zone/
Indian investors urged to consider Cambodia as a “gateway to ASEAN”
In order to take advantage of Cambodia’s potential as a gateway to ASEAN through a number of significant free trade agreements and initiatives that the leaders of the two countries are working on, the Indian ambassador to Cambodia has urged Indian investors to grasp commercial ...
Khmer Times Staff
https://www.khmertimeskh.com/501357456/indian-investors-urged-to-consider-cambodia-as-a-gateway-to-asean/
Chinese investors eye range of opportunities across Kampong Speu
Kampong Speu provincial governor Vei Samnang has returned from his fact-finding trip in China as part of his plans to attract foreign investment. While in Henan, China’s third-most populous province, Samnang took to social media to announce that the Henan Federation of Overseas Chinese Entrepreneurs – ...
Van Socheata
https://phnompenhpost.com/national/chinese-investors-eye-range-opportunities-across-kampong-speu
Chinese official pledges more investment
A Chinese official with the Chinese embassy in Phnom Penh has pledged to increase bilateral trade between Cambodia and China by encouraging Chinese investors to invest in all sectors in the Kingdom. ...
Hin Pisei
https://www.phnompenhpost.com/business/chinese-official-pledges-more-investment
EIU ranks Cambodia among best investment destinations for Chinese market expansion, supply-chain development
The Economist Intelligence Unit (EIU) has ranked Cambodia as the world’s sixth most attractive investment destination for market expansion by Chinese companies. ...
Khmer Times Staff
https://www.khmertimeskh.com/501357103/eiu-ranks-cambodia-among-best-investment-destinations-for-chinese-market-expansion-supply-chain-development/
South Korea Nat’l Assembly applaud gov’t, NA mandates
Kim Jin-pyo, president of the South Korean National Assembly (NA), has lauded Cambodia’s new government and NA, describing the new mandates as full of youthful energy and ready to develop the Kingdom. ...
Vong Daravady
https://www.phnompenhpost.com/national/south-korea-natl-assembly-applaud-govt-na-mandates
Kingdom seeks to boost foreign investment
Domestic stakeholders and economic experts are advocating for an enhanced investment climate to elevate Cambodia’s status and attract foreign direct investment (FDI) within ASEAN. Tan Monivann, vice-president of the Cambodia Chamber of Commerce (CCC), is currently attending the 43rd ASEAN Summit in Indonesia. He conveyed ...
Van Socheata
https://phnompenhpost.com/national/kingdom-seeks-boost-foreign-investment
Online biz registrations surging
The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging
Cambodia-China trade likely to touch $15 billion by 2025
The bilateral trade between Cambodia and China is expected to reach $15 billion by 2025, a top official said. The trade figure between both nations touched $11 billion in 2022. ...
Adur Pradeep
https://www.khmertimeskh.com/501351943/cambodia-china-trade-likely-to-touch-15-billion-by-2025/
SERC ensuring investors in the securities sector are protected
Investor protection is a top priority for the Securities and Exchange Regulator of Cambodia (SERC) – the authority in charge of monitoring, supervising and developing the sector in the Kingdom – one the body places the greatest importance. ...
Phnom Penh Post Staff
https://www.phnompenhpost.com/banking-securities-business/serc-ensuring-investors-securities-sector-are-protected
Cambodian PM asks South Korea to invest in agriculture
Cambodian Prime Minister Dr Hun Manet has requested the Republic of Korea to further invest in the Cambodian agricultural sector. ...
Khmer Times Staff
https://www.khmertimeskh.com/501350840/cambodian-pm-asks-south-korea-to-invest-in-agriculture/
CDC approves investment projects worth $430 million
The Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) has approved the issuance of the registration certificates for 13 investment projects worth nearly $430 million to build factories to produce different types of goods with a plan to recruit more ...
Kang Sothear
https://www.khmertimeskh.com/501349806/cdc-approves-investment-projects-worth-430-million/
Is a higher dividend payment always the better stock option?
When investing in stocks, investors can expect some of their assets to generate a dividend payment, a sum of money paid by a company to its shareholders out of its profits. Dividends are typically paid annually, but they can also be paid quarterly or monthly. ...
Post Staff
https://www.phnompenhpost.com/banking-securities-business/higher-dividend-payment-always-better-stock-option
CDC: Raise timber to supply local furniture sector
A senior official at the Council for the Development of Cambodia (CDC) urged local investors to consider investing in sustainable timber wood to supply wood for the furniture-making sector which has a “huge growth potential”. ...
May Kunmakara
https://www.phnompenhpost.com/business/cdc-raise-timber-supply-local-furniture-sector