Economy and commerce
Investment projects worth millions greenlit by CDC
The Council for the Development of Cambodia has approved 15 investment projects in several provinces worth at least $530 million. ...
Sok Chan
https://www.khmertimeskh.com/50701273/investment-projects-worth-millions-greenlit-by-cdc
Leading Malaysian insurer to bring “Fast & Easy” insurance to the local market
Malaysia’s leading Insurance and Takaful Company Etiqa has started operations in Cambodia, allowing the local people to experience a fast and easy way to get insured. Etiqa has entered the Kingdom upon seeing the vast potential the local market has to offer, with 97% of ...
Khmer Times Staff
https://www.khmertimeskh.com/50700680/leading-malaysian-insurer-to-bring-fast-easy-insurance-to-the-local-market
12 more Chinese ships carrying garment raw materials to arrive in Cambodia this week
The Garment Manufacturers Association in Cambodia (GMAC) said on Wednesday that 12 more Chinese ships transporting raw materials for garment industry will arrive in Cambodia this week. ...
Khmer Times Staff
https://www.khmertimeskh.com/50700937/12-more-chinese-ships-carrying-garment-raw-materials-to-arrive-in-cambodia-this-week
5G: Ministry proposes joint partnerships to maximise investment
The Ministry of Posts and Telecommunications of Cambodia (MPTC) has asked regulators to explore the possibility of telecom operators Kingtel and Seatel jointly running as providers on Cambodia’s new 5G network. ...
Sok Chan
https://www.khmertimeskh.com/50700681/5g-ministry-proposes-joint-partnerships-to-maximise-investment
CDC: Investment in Kingdom stable
The Council for the Development of Cambodia (CDC) approved four projects, worth a combined $17.4 million, during the first 10 days of February. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-investment-kingdom-stable
Cambodian firms urged to embrace e-commerce
The president of the Cambodian Investment Federation on Sunday highlighted the critical role of e-commerce in the local market as the government works to turn the Kingdom into a digital economy. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-firms-urged-embrace-e-commerce
SME Bank operation date accelerated to counter sectors economic headwinds
The state-run Small and Medium Enterprise (SME) Bank has been confirmed to bring forward their opening date to earlier this year than previously planned, stated a senior government official yesterday at the Council of Ministers. ...
Chea Vannak
https://www.khmertimeskh.com/50698611/sme-bank-operation-date-accelerated-to-counter-sectors-economic-headwinds
Border Gate improvements planned to boost trade
The Royal Government of Cambodia has unveiled plans to improve facilities at border gates with Thailand and Vietnam in order to ease cross-border transport and boost trade activities. ...
Khmer Times Staff
https://www.khmertimeskh.com/50698427/border-gate-improvements-planned-to-boost-trade
Cambodia’s trade deficit widens to $7.66 billion
Cambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. ...
Chea Vannak
https://www.khmertimeskh.com/50698301/cambodias-trade-deficit-widens-to-7-66-billion
Aftermath of Chinese Exodus from Sihanoukville
Over the past few years with the influx of Chinese nationals and Cambodians working in Sihanoukville, landlords have been laughing all the way to the bank through rentals. Locals who visit the city regularly complained about high rentals for hotels, guesthouses and even food. Some ...
Ben Sokhean
https://www.khmertimeskh.com/50697816/aftermath-of-chinese-exodus-from-sihanoukville
Rice exports up despite global fears surrounding Covid-19
Cambodian rice exports to international markets grew sharply by more than 21 per cent in the first two months of this year despite fears of the Covid-19 pandemic causing global concern. ...
Hin Pisei
https://www.phnompenhpost.com/business/rice-exports-despite-global-fears-surrounding-covid-19
Microfinance commits to fulfilling tax obligations
Cambodia Microfinance Association (CMA) yesterday said it has taken steps to fulfill its tax obligations to the government. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50696115/microfinance-commits-to-fulfilling-tax-obligations
Government income beats 2019 target
The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...
Chea Vannak
https://www.khmertimeskh.com/50696032/government-income-beats-2019-target
Revenue from customs and excise to feel impact of Covid-19 outbreak, GDCE says
The General Department of Customs and Excise (GDCE) said its 2020 revenue will take a hit from the outbreak of the novel coronavirus in China. The department is unlikely to meet revenue goals for 2020 as import-export activity in the Kingdom slows down due to the ...
May Kunmakara
https://www.phnompenhpost.com/business/revenue-customs-and-excise-feel-impact-covid-19-outbreak-gdce-says
SECC approves bond issuance
Phnom Penh Commercial Bank (PPCBank) and Prasac Microfinance Institution Ltd (Prasac) have been granted initial permission to issue bonds on the Cambodia Securities Exchange (CSX). ...
May Kunmakara
https://www.phnompenhpost.com/business/secc-approves-bond-issuance
PM urges China to export urgent raw materials
Prime Minister Hun Sen yesterday urged Chinese Ambassador Wang Wentian to look into the possibility of exporting raw materials by air and sea to the Kingdom in order to prevent job losses resulting from a suspension in the operation of garment factories. ...
Taing Vida
https://www.khmertimeskh.com/50695610/pm-urges-china-to-export-urgent-raw-materials
Cambodia wants to attract more Indonesian investors
Cambodia and Indonesia plan to host a Trade and Investment Forum early in June in an effort to attract more Indonesian investors to the Kingdom. The plans were revealed after a meeting between Indonesian Ambassador to Cambodia Sudirman Haseng and Minister of Industry, Science, Technology and ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-wants-attract-more-indonesian-investors
Cambodia ‘keen on as many trade deals’ as possible
Prime Minister Hun Sen says he wants the nation to have many trade agreements with different partners to diversify its economic partners and attract more foreign direct investment. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50695217/cambodia-keen-on-as-many-trade-deals-as-possible
Kingdom’s economic growth may be lower than previous prediction
Cambodia’s economic growth in 2020 would not be at the same rate as previously predicted at 6.5 percent, said Prime Minister Hun Sen. ...
Khan Sophirom
https://www.khmertimeskh.com/50695340/kingdoms-economic-growth-may-be-lower-than-previous-prediction
Projects worth millions agreed
The Council for the Development of Cambodia (CDC) yesterday approved six development projects worth in total $677 million. ...
Sok Chan
https://www.khmertimeskh.com/50695073/projects-worth-millions-agreed
Kingdom-China FTA expected by November
The Cambodia-China Free Trade Agreement is expected to be finalised in November in a move to boost trade between the two countries. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-china-fta-expected-november
New fund set to enhance SMEs’ access to finance
The government is allocating $50 million to support small and medium-sized enterprises (SMEs) in the agricultural sector. The funds can be accessed in the form of low-interest loans through the state-owned Rural Development Bank (RDB). ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-china-fta-expected-november
Billions of dollars set to boost visitor attractions in Kingdom
The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50693276/billions-of-dollars-set-to-boost-visitor-attractions-in-kingdom
Cambodia faces supply chain crunch, no thanks to COVID-19
Southeast Asian suppliers from Cambodia, Myanmar and Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half. However, these suppliers now face a supply ...
Khmer Times Staff
https://www.khmertimeskh.com/50694492/cambodia-faces-supply-chain-crunch-no-thanks-to-covid-19