Economy and commerce

Cambodia exported 460,169 tonnes of milled rice, worth $393 million, from January to October this year, according to the Ministry of Agriculture, Forestry, and Fisheries. That represents a 14 percent drop in volume from the same period last year. ...

Some 4,221,153 tonnes of agricultural products, besides milled rice and paddy rice, have been exported to foreign markets during the first ten months of this year, despite the global COVID-19 crisis. ...

The first trial flight is set to land in Koh Kong province’s Dara Sakor International Airport in late January or early in February, according to the company in charge of construction. ...

To encourage the spread of hydrogen-powered fuel cell vehicles (FCV), the Japanese government will help build small-scale hydrogen stations around the country. ...

The Ministry of Industry, Science, Technology and Innovation has rolled out the KhmerSME website to provide micro-, small- and medium-sized enterprises (MSME) access to comprehensive business information, as well as ASEAN and global markets. ...

Cambodia exported $8.2417 billion worth garments between January and September this year—a hike of $843.4 million or 11.4 per cent over the same period last year, the general department of customs and excise said. ...

Cambodia exported 174,100 tonnes of rubber valued at $265.8 million in the first nine months of 2021, surging by 48,300 tonnes (38.4 per cent) in volume and $111.6 million (72.3 per cent) in value over January-September 2020, the General Department of Customs and Excise reported. ...

The Cambodia-Korea Free Trade Agreement (CKFTA) was endorsed on October 26, to pave the way for the two countries to enhance bilateral trade and investment flows. ...

Cambodia is set to welcome vaccinated tourists starting on November 30 in Preah Sihanouk province – including Koh Rong – and in the Dara Sakor area of Koh Kong province, the Ministry of Tourism announced. ...

Trade between Cambodia and Japan reached $1.5094 billion in the first eight months of 2021, up 11.8 per cent year-on-year from $1.350 billion, according to data from the Japan External Trade Organisation (Jetro). ...

A total 1,204 tonnes of agricultural products were exported to the Republic of Korea in the first nine months of this year, a 106 percent increase compared to a year before. ...

Cambodia and South Korea have signed a free trade agreement (FTA), cutting import tariffs by more than 90 percent. Commerce Minister Pan Sorasak inked the deal with South Korean Trade Minister Yeo Han-koo in a virtual ceremony yesterday. ...

Cambodian Prime Minister Hun Sen, along with other ASEAN Heads of State/Government and Chinese Premier Li Keqiang attended the 24th ASEAN-China Summit via videoconference yesterday afternoon.​ ...

Cambodia’s fresh banana exports to China have made remarkable progress this year, despite the challenges posed by the protracted Covid-19 crisis. But concerns linger over sanitary and phytosanitary (SPS) standards and the Kingdom’s ability to build on this positive momentum over the coming years. ...

Local publicly-listed Acleda Bank Plc has added support for KHQR code scanning for payments on its mobile app. ...

The Council for the Development of Cambodia (CDC) on October 22 announced that it has approved final registration certificates for seven new projects with capital investment of around $95 million, which could generate a reported 5,311 jobs. ...

Prime Minister Hun Sen says the government has set the stage for the recovery of Cambodia’s economy and a return to a “new normal” before the end of this year, following the successful double-vaccination of more than 85 percent of the population. He said the ...

The Cambodian Minister of Trade met with the Australian counterpart to discuss opportunities and ways in which trade and investment could be boosted in the country. ...

The Royal Government of Cambodia plans to issue the first $300 million worth sovereign bond to raise fund to finance public investment projects, aiming at boosting the country’s economic growth and productivity. ...

Facilitating investment flows to least developed and developing countries and creating favourable investment environments is necessary to support and accelerate economic recovery in the post-Covid-19 era, according to Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea on October 22. ...

Cambodia is set to launch soon, its Post COVID economic recovery plan, thanks to its high rate of vaccination which stood at 85.33 percent as of Friday, October 22. ...

The Cambodian government approved a draft budget bill of 32,576.9 trillion riels (approximately $8.013 billion) for its expenditure for 2022, with national revenue set at 23,462.6 trillion riels (approximately $5.771 billion). ...

South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s financial ...

Officials from the General Directorate of Consumer Protection, Competition and Fraud Repression (CCF) found 17 fuel businesses in four provinces conducting illegal business, while more than 1,000kg of defective goods and over 500 litres of counterfeit alcohol were confiscated and destroyed from October 18-20. ...