Economy and commerce
NBC and NSSF joining hands in investment management
The National Bank of Cambodia (NBC) and the National Social Security Fund (NSSF) have entered into a partnership on social security planning, investment management and human resource development. ...
May Kunmakara
https://phnompenhpost.com/business/nbc-and-nssf-joining-hands-investment-management
GFX spurns meeting set with gov’t and victims
Embattled derivatives brokerage GoldFX Investment Co Ltd (GFX) was a no show at a tripartite meeting with victims that had been scheduled for Friday. ...
Husain Haider
https://www.khmertimeskh.com/50907147/gfx-spurns-meeting-set-with-govt-and-victims/
CDC approves $71 million in new investments to create 9,500 jobs
Eight new projects worth $71.4 million have been approved by the Council for the Development of Cambodia (CDC). The new projects will create over 9,500 jobs at a critical juncture in the Kingdom’s economic recovery. ...
Michael Firn
https://www.khmertimeskh.com/50906237/cdc-approves-71-million-in-new-investments-to-create-9500-jobs/
Rice exports plunge 27 percent but demand from China and Vietnam rises
Cambodia’s overseas rice shipments tumbled 27.3 percent Jan-July, compared with a year earlier. ...
Michael Firn
https://www.khmertimeskh.com/50907302/rice-exports-plunge-27-percent-but-demand-from-china-and-vietnam-rises/
Cambodia and Russia agree to boost bilateral trade and investment
Cambodia and Russia have agreed to boost bilateral cooperation on trade and investment, as the two countries mark the 65-year anniversary of the establishment of diplomatic relations. ...
Chea Vanyuth
https://www.khmertimeskh.com/50906438/cambodia-and-russia-agree-to-boost-bilateral-trade-and-investment/
Kingdom forecasts $5Bn in government revenue
The Cambodian government expects to earn tax and customs income of at least $5 billion by the end of 2021. This would bring revenue expectations in line with the $5.28 billion collected as registered in 2020. ...
Chea Vanyuth
https://www.khmertimeskh.com/50906434/kingdom-forecasts-5bn-in-government-revenue/
Agricultural exports rise 87% in first seven months despite rice shipment drop
Cambodia exported nearly $3 billion worth of agricultural products in the first seven months of the year, a rise of more than 87 percent over the same period in 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/50906370/agricultural-exports-rise-87-in-first-seven-months-despite-rice-shipment-drop/
Kingdom, Russia in investment vow
Cambodia and Russia have pledged to explore ways to encourage and promote joint investment projects between the two countries, according to the Ministry of Foreign Affairs and International Cooperation. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-russia-investment-vow
Phnom Penh-Sihanoukville Expressway construction works on schedule
According to the Ministry of Public Works and Transport of Cambodia, the construction of the Phnom Penh-Sihanoukville Expressway is progressing smoothly and to date, the project has achieved 63% in terms of overall completion. ...
Khmer Times Staff
https://www.khmertimeskh.com/50905822/phnom-penh-sihanoukville-expressway-construction-works-on-schedule/
Cambodia commits to enhancing the CLV Development Triangle Area
Cambodia has committed to develop the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) in order to contribute to enhancing cross border trade activities and improving the livelihoods of the region’s peoples. ...
Chea Vanyuth
https://www.khmertimeskh.com/50904613/cambodia-commits-to-enhancing-the-clv-development-triangle-area/
Cambodia, China renew pledge for $10B in trade value by 2023
Cambodia and China are committed to increasing bilateral trade to $10 billion by 2023, from $8 billion last year, according to a senior official at the Cambodian Ministry of Commerce. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-china-renew-pledge-10b-trade-value-2023
PM orders temporary ban on imported frozen meat
Prime Minister Hun Sen ordered a temporary ban on imported meat, although details are still forthcoming, according to the Ministry of Agriculture. ...
Chea Vanyuth
https://www.khmertimeskh.com/50904325/pm-orders-temporary-ban-on-imported-frozen-meat/
Cambodia-S. Korea latest trade valued at $451 mn
Bilateral trade between Cambodia and South Korea is growing ahead of a draft bilateral trade agreement expected to be signed and put into effect by the end of this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50903734/cambodia-s-korea-latest-trade-valued-at-451-mn/
Cambodia launches macroeconomic surveillance database system testing
The National Bank of Cambodia (NBC) and ADB’s Economic Research and Regional Cooperation Department have launched the Macroeconomic Surveillance Database System (MSDS) testing to secure timely report of macroeconomic and financial status. ...
Khmer Times Staff
https://www.khmertimeskh.com/50902661/cambodia-launches-macroeconomic-surveillance-database-system-testing/
Cambodia has close to $21 billion in international reserves, securing macroeconomic stability
Cambodia’s international reserves remain as high as $20.8 billion, while the banking sector stays healthy amid the threat of COVID-19 pandemic. ...
Khmer Times Staff
https://www.khmertimeskh.com/50903507/cambodia-has-close-to-21-billion-in-international-reserves-securing-macroeconomic-stability/
NBC: Financial institutions in H1 restructure $5.5 billion in loans
The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank ...
Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans
Imported meat from India infested with Covid-19 virus
Cambodian customs authorities seized 3 containers of frozen buffalo meat imported from India that contained Covid-19. ...
Khmer Times Staff
https://www.khmertimeskh.com/50902129/imported-meat-from-india-infested-with-covid-19-virus/
‘Kingdom to reopen no earlier than November’ say sources
Cambodia will probably reopen between November and early next year, according to sources familiar with the matter. ...
Husain Haider
https://www.khmertimeskh.com/50902105/kingdom-to-reopen-no-earlier-than-november/
Global economic rebound to lift Cambodia’s export and investment
The National Bank of Cambodia (NBC)’s Governor Chea Chanto has said that the global economic recovery will support Cambodia’s export and investment sectors, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the ...
Khmer Times Staff
https://www.khmertimeskh.com/50901911/global-economic-rebound-to-lift-cambodias-export-and-investment/
ASEAN Online Sale Day 2021 slated for August 8-10
ASEAN countries are preparing for the ASEAN Online Sale Day 2021, which is slated for August 8-10. Comprising two tiers for domestic and cross-border transactions, this year’s programme will be co-chaired by Brunei, which is chair of ASEAN in 2021, Singapore and Vietnam. ...
Asia News Network
https://www.phnompenhpost.com/business/asean-online-sale-day-2021-slated-august-8-10
NBC unveils economic database
The National Bank of Cambodia (NBC) has announced the launch of an online test of the Macroeconomic Surveillance Database System (MSDS) to monitor the macroeconomic and financial situation of the Kingdom and provide meaningful data for analysis, to be implemented with the technical assistance of ...
Hin Pisei
https://www.phnompenhpost.com/business/nbc-unveils-economic-database
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/