Economy and commerce

Xinglan Maritime Energy Co Ltd’s (XME) $200 million 100MW onshore wind power project in Mondulkiri province has passed its feasibility study, promising a fresh gust of wind to swell the sails of the Kingdom’s burgeoning industry, the local Maritime Group said in a press release. ...

Initial construction of a nearly $30 million tourism infrastructure project on Preah Sihanouk province’s Koh Preus Island is “about 70 per cent complete”, according to an official with the developer. Heng Thou, construction site manager of Angela Real Estate Co Ltd (ARE), told The Post that ...

Cambodia and Hungary have agreed to further boost economic and tourism ties, while the private sector offers a rosy view of the EU country as a hub for expanding exports to Europe. ...

The bilateral trade between Cambodia and South Korea was valued at $884 million as of December 2020, a year-on-year decrease of 14 percent. Figures from the Korean International Trade Association showed that from January to December 2020, Cambodia exported $317 million of products to South ...

At its Friday meeting on the study and formulation on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One ...

Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...

Share price fluctuations can either create opportunities for gains for investors – or potentially be the cause of losses. Factors that drive demand (buying orders) higher than supply (selling orders) will generally lead to an increase in stock price. Conversely, any that drive supply higher ...

Cambodia exported goods worth $6.06 billion to the US market in the first 11 months of last year, up 22.2 per cent from the same period in 2019, while total bilateral trade volume reached $6.37 billion, according to data released by the US Bureau of ...

The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...

Cambodian businesses and organisations are coming together to celebrate local and eco-conscious business this Saturday, January 16th at an event called “Futures is GREEN”. ...

The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime. ...

The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process.​​ ...

Cambodia exported bicycles worth approximately $527 million to international markets last year, up 27 percent from 2019. This establishes Cambodia as the No1 country in ASEAN and No5 globally for bicycle exports, according to data from the Ministry of Commerce. ...

The launch of Cambodia’s National Cassava Policy 2020-2025 yesterday delivered new energy to the boosting of production and exports for the crop. This policy sets robust commitments for the diversification of Cambodia’s economic bases away from traditional sectors. ...

WWF-Cambodia and the General Department of Rubber at the Ministry of Agriculture, Forestry and Fisheries (MAFF) signed a memorandum of understanding (MoU) to build a multi-agency partnership for transparent and sustainable natural rubber supply chains in Cambodia. ...

Small and medium-sized enterprises (SMEs) have taken a slight upper hand in the negotiation of commercial rental prices across the Kingdom as COVID-19 is still hindering the property sector. ...

According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...

Cambodian women-led fintechs, technology or regulated financial institutions are among the enterprises eligible for the recently-launched Women Enterprise Recovery Fund to promote and expand their businesses, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). ...

A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. ...

The Ministry of Commerce (MoC) signed two memorandums of understanding (MoUs) – with the Cambodian BRB retail and product promotion consulting company and another with the Cambodian Coca-Cola Co. ...

Cambodia exported 11,200 tonnes of organic milled rice to international markets in 2020, a slight 1.2 per cent increase over 2019, according to the Cambodia Rice Federation (CRF). While the milled-rice export sector by and large chalks up 2020’s lacklustre growth performance to the ongoing ...

The Kingdom is set to host a consultative meeting with EU representatives and partners based in the country next month and prepare a 2021-2027 joint development cooperation plan that centres on market diversification, according to the Council for the Development of Cambodia (CDC). ...

A local salt producer says that her company’s exports have been stuck in stasis by the COVID-19 pandemic and tough competition among local producers is making things even tougher. Thaung Thyda, the founder of Thaung Enterprise, says her company was focused on exports but with ...

Moody’s Investors Service said Tuesday that Cambodia’s risk of external debt vulnerability was still contained. In its latest assessment of the impact of Covid-19 on Asian and the Pacific, the U.S. rating agency said “liquidity pressures will continue to haunt some frontier market sovereigns. ...