Economy and commerce

The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...

The National Bank of Cambodia (NBC) has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a letter it wrote. ...

Cambodia’s bellwether neighbours – Thailand and Vietnam – have started to propose easing extreme COVID-19 restrictions that have devastated local economies and greatly affected civil society because of ultra-low rates of new infections and no new deaths last week. ...

Seven small and medium-sized enterprises (SMEs) have applied for $200,000 loans from the state-owned Agricultural and Rural Development Bank (ARDB), after it announced the launch of a $50 million fund for SMEs last month. ...

The Ministry of Industry, Science, Technology and Innovation (MISTI) has reported that 77 new factories opened in Cambodia in the first three months of 2020, employing a total of 27,909 workers. ...

A draft development policy for Small and Medium Enterprise (SME) and a new SME definition has been sent to the Ministry of Economy and Finance’s Economic and Financial Policy Committee (EFPC) for review and approval, according to a senior official. ...

The government has disbursed $50 million through the Rural Development and Agriculture Bank (RDAB) to provide low-interest loan to small farmers and small and medium enterprises. ...

South Korea-owned Phnom Penh Commercial Bank Plc (PPCBank) on Tuesday officially listed its first corporate bond on the Cambodia Securities Exchange (CSX). ...

The Council for the Development of Cambodia (CDC) has given the approval for five new investment projects with a total investment capital of $21.3 million. ...

The Council for the Development of Cambodia (CDC) has approved four more investment projects, expecting to create almost 1,500 jobs for the locals. ...

NBC’s Director-General has said that agriculture could potentially contribute to Cambodia’s economic growth as the workforce in the sector continues to increase while productivity remains high. ...

The government has given a three-month tax exemption to hotels, guesthouses, restaurants and travel agencies in Phnom Penh and several provinces as the industry feels the pinch over the coronavirus pandemic. ...

As the Coronavirus pandemic hits jobs and wages in many sectors of the global economy, a slowdown in the amount of money sent  home by migrant workers looks increasingly likely, according to a report by World Economic Forum (WEF). ...

Microfinance institutions (MFIs) have taken some actions to restructure their loans for affected customers because of the COVID-19 pandemic, according to the Cambodia Microfinance Association (CMA). ...

The International  Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of  1.0 percent this year before surging 8.5 percent next year. ...

The Council for the Development of Cambodia (CDC) issued final registration certificates to five investment projects between April 13-17 worth more than $24 million and which are expected to generate 6,373 jobs.​ ...

Cambodia and East Timor have moved closer to sealing a rice-export deal following a meeting between officials. ...

Cambodia’s rubber export has increased 10 percent in the first quarter of this year compared with the same period last year, but the price of the commodity showed a slight decrease, according to a report from Ministry of Agriculture, Forestry and Fisheries. ...

Property watchers have long noticed that weekends, at this time of the year, are a prime times for people seeking to buy or rent homes, but this year it’s different. ...

Cambodia’s ranking in the Index of Economic Freedom dropped by eight places from last year, a negative sign for a country seeking to expand its economy and become a major player in Southeast Asia. ...

Cambodia’s exports through three Special Economic Zones in Svay Rieng province, which shares a border with Vietnam, have recorded a $237 million rise in the first quarter of 2020. ...

The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...

The government will soon finalise a draft law on antitrust and competition, and submit it to the National Assembly for approval, Ministry of Commerce senior official told The Post on Wednesday. ...

Visa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. ...