Economy and commerce

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. ...

The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid the crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The ...

The part in relation to Cambodia under the ASEAN-Hong Kong free trade agreement (FTA) and Investment Agreement (IA) is set to take effect on February 12, according to Hong Kong’s Trade and Industry Department. The Kingdom will be last country in which the two agreements ...

The negotiations on the Kingdom’s proposed free trade deal with South Korea are progressing slowly despite the fact all parties aimed to come up with finalised drafts by the end of 2020. However, the China-Cambodia Free Trade Agreement CC-FTA) ratification is to be announced early ...

A senior executive of the state-owned Agriculture Rural Development Bank (ARDB) said the financial institution has released $245 million to rice millers and exporters, the livestock sector and small and medium enterprises (SMEs) in the agriculture sector. ...

As Cambodians increasingly embrace the digital age, homegrown developers are creating Khmer recipe apps to share the nation’s traditional dishes. On Google Play for Android, the app “Khmer Cooking Recipe” is leading the pack having recorded more than100,000 downloads. ...

Cambodia’s exports to the US was valued $6,059 million worth of goods in the first eleven months of 2020, inching up 17 percent compared to that in a year before, reflecting strong export amid the world face hard time of COVID-19 pandemic. ...

The Cambodia Microfinance Association (CMA) has announced that as of January 3, 2021, CMA members have provided loan restructuring worth $1.382 billion.  The total number of restructuring requests stood at 303,593 with 285,234 having been granted. ...

The private sector applauded the establishment of the Non-Bank Financial Services Authority (NBFSA) following Senate approval of a draft law on its organisation and function. ...

Cambodian importers and buyers of the Kingdom’s travel goods to the US are now required to pay import duties as the latter’s Generalised System of Preferences (GSP) preferential tariff system expired on December 31 and is awaiting renewal by Congress. ...

The Ministry of Commerce on January 6 signed a memorandum of understanding (MoU) with Japan’s Yamato Green Co Ltd to develop value chains for agribusiness products. Having registered with the Ministry of Commerce on April 22, Yamato Green has had relative success in growing safe ...

The Securities and Exchange Commission of Cambodia (SECC) on January 5 approved in principle a handful of applications for licences. In a press release on the minutes of an SECC meeting led by chairman and Minister of Economy and Finance Aun Pornmoniroth, the securities regulator ...

Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) scooped an award for “Excellence in Consumer Credit Reporting”, CBC said in a January 5 press release. UK-based “reputed international business magazine” Global Business Outlook (GBO) honoured the locally-owned CBC for its “exceptional performance” in Cambodia’s ...

The double tax avoidance agreement (DTA) between Cambodia and Malaysia came into effect on January 1, ushering in optimism and hope in the private sector that bilateral investment will garner steam. Royal Code NS/RKM/1120/023, dated November 14, 2020, promulgated the “Law on the Approval of ...

The government’s policy to boost productivity performance in the agricultural sector has lit a fire under the Kingdom’s exports, with shipments of fresh chilli flaring up 27.08 per cent from 55,513 tonnes in 2019 to 70,546 tonnes in a spicy 2020, according to Minister of ...

Optimism prevails in the private sector that the Investment Law widely anticipated to launch later in the year will spell new momentum in the Kingdom’s industrial diversification in parallel with the region and beyond. The current edition of the law comprises 11 chapter and 39 ...

Super high-speed 5G technology is ready to roll out across Cambodia with the infrastructure enabling the technology already in place across the Kingdom’s five major cities, say observers.  With successful testing having occurred and the number of people with 5G-enabled devices growing daily, the only ...

Cambodia exported some 340,000 tonnes of rubber in 2020 generating $459 million for the national income. ...

The Kingdom exported $4.037 billion in agricultural products in 2020, according to data from the Minister of Agriculture, Forestry and Fisheries. ...

The Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) and Thailand International Cooperation Agency (TICA) have pledged to further enhance cooperation on trade and investment. ...

The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...