Economy and commerce

A new video released by the Ministry of Tourism seems to indicate that Cambodia is preparing to welcome back tourists in the 4th quarter of 2021, in a move designed to “revive Cambodia’s tourism industry hit hard by the global COVID-18 crisis” ...

Kampot pepper exports have weathered the economic storm created by COVID-19 and continue to remain a strong export product for the Kingdom, according to President of the Kampot Pepper Promotion Association (KPPA) Nguon Lay.   ...

Cambodia and Australia have reaffirmed their commitment to increase their two-way trade, advance their cooperation in the trade sector and other areas, especially their close relations ...

As Cambodia and other Asean nations are facing challenges brought on by new waves of the pandemic, hopes of foreign tourists returning to the region may not materialise, local tourism entrepreneurs have said. ...

Restructured loans at member institutions of the Cambodia Microfinance Association (CMA) totalled about $1.5 billion as of April, according to the organisation. ...

Cambodia’s exports to South Korea maintained their growth in the first four months of this year, showing a recovery in demand for the Kingdom’s products as the two countries prepare to sign a  bilateral free trade agreement (FTA). ...

Cambodia is committed to join hands with other ASEAN member states and improve its transportation system to offset the cumulative impact of Covid-19 containment measures and boost regional trade, according to the Ministry of Public Works and Transport. ...

The Kingdom’s total goods exports to the US, the world’s largest economy in nominal terms, sharply increased in the first quarter of the year to attain nearly $1.863 billion, even amid production stoppages and other Covid woes. ...

The Ministry of Agriculture, Forestry and Fisheries denied that it had allowed the exports of luxury wood from Koh Kong province to Hong Kong. The denial came after the Hong Kong Customs reportedly seized about 211 tonnes of logs from an endangered tree species from Cambodia ...

Cambodia, with support from the World Economic Forum (WEF), on May 12 launched the Supplier Database with Sustainability Dimensions (SD2) database, the first of its kind, to provide information on the sustainability operations of domestic companies. ...

Payment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual ...

Cambodia exported more than 1.11 million tonnes of cassava, cashew nuts and fresh mangoes to Vietnam in the first three months of 2021, up by nearly 149 per cent despite the two countries tightening their borders over fears of the spread of Covid-19. ...

Khmer Enterprise (KE) and the UN Development Programme (UNDP) have formed a strategic partnership to give a boost to the operational development of the Kingdom’s e-commerce sector and small and medium-sized enterprises (SME), according to a May 11 joint press release. ...

Construction of WorldBridge Industrial Developments Co Ltd’s $30 million WorldBridge i4.0 SME Cluster zone will be delayed by one or two months due to the recent lockdown in Phnom Penh and Kandal province’s Takmao town, chairman Sear Rithy told The Post. ...

Cambodia has set an ambitious target of exporting up to 100,000 tonnes of fresh mangoes a year to China after the Kingdom made the first shipment of the fresh fruit directly to the world’s second largest economic nation on Friday. ...

Cambodia exported $ 1.47 billion worth of products to Vietnam in the first quarter of 2021, a dramatic increase of 443% from the same period last year. ...

The crisis in Myanmar has proven beneficial for Kampong Speu as at least 20 entities have relocated to this province. ...

Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries status, according to a senior official at the Ministry of Commerce on May 7. Four LDCs – Cambodia, Laos, Bangladesh and Nepal – met at a virtual workshop last week ...

Cambodia exported $99.87 million of natural rubber from January to April this year, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Cambodia’s garment product exports contracted in the first quarter financial period as hundreds of factories remained closed temporarily because of COVID-19 in Phnom Penh and Takmao city, Kandal province. ...

The Council for the Development of Cambodia (CDC) awarded licences to 94 new investment projects with a registered value of $2.2 billion, during the first quarter of 2021, a 114 percent increase compared to projects approved during the same period last year. ...

Cambodia exported $2.09 billion worth of agricultural products to the international market during the first quarter 2021, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...

Cambodia’s milled rice exports from January to April of 2021 were down 36 percent from the same period in 2020, according to a report issued by the Ministry of Agriculture, Forestry, and Fisheries (MAFF). ...

The Council for the Development of Cambodia (CDC) yesterday approved two new projects worth $5.6 million that will create nearly 1,500 new jobs. ...