Economy and commerce

COVID-19 has led to financing flow losses of $3.6 billion for Cambodia, accounting for 19.8 percent of the country’s total financing flows in 2020, said a new report by the United Nations Development Program (UNDP) released on Friday. ...

Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...

Bilateral trade between Cambodia and South Korea in the first five months of 2021 was worth $377.05 million, up by 6.17 per cent year-on-year from $355.11 million, according to data from the Korea International Trade Association (Kita). ...

Bangkok-based Cambodian Business Council (CBC) and Thai Subcontracting Promotion Association (Thai Subcon) have agreed to work together to promote the private sector cooperation between Cambodia and Thailand. ...

Cambodia exported $357.8 million worth of  garments, textiles, shoes and travel goods in the first six months of  2021, inching up 1.4 percent compared with the same period last year. ...

Minister of Agriculture, Forestry and Fisheries and Indian Ambassador to Cambodia have discussed agricultural cooperation between Cambodia and India. ...

The Ministry of Economy and Finance is set to deploy Phase II of its Businesses Registration Platform, also known as the “Single Portal”, next month, following more than a year of smashing success since its debut   ...

The Sihanoukville Autonomous Port saw revenue rise 14 percent in the first half of the year from the same period in 2020, to more than $44 million. ...

Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...

The Covid-19 pandemic has rocked the retail landscape in Phnom Penh, with anxiety around infection risk keeping the masses away from shopping malls and driving retail consumption down by nearly five per cent in the first half of this year, compared to July-December 2020, according ...

WorldBridge Secure Logistics (WSL) has rebranded as Brink’s WorldBridge Secure Logistics (BWSL) with the full fledged entry into Cambodia of Brink’s, the world’s largest secure logistics company. ...

The Draft Law on Investment of the Kingdom of Cambodia was approved by the Royal Government in the Plenary Meeting of the Council of Ministers chaired by Prime Minister Hun Sen.   ...

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) neared the $1 billion mark in the first half of this year, despite a spiralling third wave of coronavirus infections, dubbed the “February 20 community event”. ...

The free trade agreement (FTA) between Cambodia and China is likely to come into force next year, after winning unanimous support from the National Assembly’s expert committee. The Ministry of Commerce will now submit a draft law to the National Assembly for approval. ...

The Council of the Ministers approved the new investment law draft last week in order to attract increased investment flow to the Kingdom and enhance the nation’s economic diversification and competitiveness. ...

The Council of Ministers, or Cabinet, on July 9 approved the Draft Law on Investment, following a plenary session chaired by Prime Minister Hun Sen via a Zoom call. ...

The government has approved the draft investment law, following a plenary session of the Council of Ministers chaired by Prime Minister Hun Sen via a Zoom call on July 9. “The law is aimed at increasing Cambodia’s potential at attracting more domestic and foreign investors,” Hun ...

The draft of the new investment law was approved by the Council of Ministers at a Friday morning meeting held under the presidency of Prime Minister Hun Sen via video conference. ...

Foreign direct investment (FDI) fell 50 percent Jan-May from the same period in 2020, according to the Ministry of Economy and Finance. Investment projects for the first five months of 2021 were valued at $825 million, a 59 percent drop from results for the same ...

The government is planning to discuss a new law to stimulate investment in the country. The Office of the Council of Ministers will hold a virtual meeting on Friday to review the draft law, following the approval of Mr Hun Sen. The prime minister will ...

Leaders in the region and beyond must advance various forms of bilateral and multilateral cooperative relations, and join hands to create meaningful traction in economic recoveries for when the spread of the novel coronavirus eases to a significant enough degree, according to Prime Minister Hun ...

The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year. This is according to calculations by The Post based on CDC statements issued via social media throughout the January-June ...

Cambodian exports to China were valued at $558 million Jan-May, up over 56 percent year on year against the same period. The increase was driven by rising Chinese demand for Cambodian agricultural products. ...

Cambodia exported 132,174 tonnes of natural rubber worth $221.67 million in the first half of this year, up by 7.18 per cent and 38.12 per cent year-on-year in volume and value, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...