Economy and commerce
Embassy seeks further inroads into Thailand’s retail market
Cambodia is seeking to display more of its products in supermarkets across Thailand to reduce the trade deficit with its neighbour. Cambodian Ambassador to Thailand Ouk Sorphorn asked Thailand’s Siam Piwat Company Limited to distribute Cambodian goods in its Iconsiam and Siam Paragon retail outlets. ...
May Kunmakara
https://www.phnompenhpost.com/business/embassy-seeks-further-inroads-thailands-retail-market
Plans for new airport in Koh Kong province unveiled
Plans for a new airport investment have been unveiled in Koh Kong province, southwest of Phnom Penh. The district currently has two airports – one under construction and another which has been abandoned for years. The government agreed to the investment for the new airport ...
Chea Vannak
https://www.khmertimeskh.com/50679398/plans-for-new-airport-in-koh-kong-province-unveiled
Cashew nut exports nearly double in 2019
Cambodia exported some 202,318 tonnes of cashew nuts last year to foreign markets, up nearly 100 per cent from 2018’s 101,973 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. Khan Samban, director of the ministry’s Department of Agro-Industry, told The Post that the ...
Thou Vireak
https://www.phnompenhpost.com/business/cashew-nut-exports-nearly-double-2019
Mixed reactions over 2020 outlook
Reactions to Cambodia’s economic and political outlooks for this year have been mixed as the possible loss of the EU’s Everything But Arms (EBA) scheme in February looms. The risks and challenges related to the uncertainty over the possible withdrawal of EBA and the country’s ...
Sorn Sarath
https://www.phnompenhpost.com/business/mixed-reactions-over-2020-outlook
Shipments of mango to South Korea poised to begin this week
Exports of Cambodian mangoes to South Korea will begin this week after Korean authorities gave the nod. The Ministry of Agriculture, Forestry and Fisheries’ Department of Plant Protection, Sanitary and Phytosanitary Requirements director Ker Monthivuth told The Post on Sunday that after several inspections of ...
Hin Pisei
https://www.phnompenhpost.com/business/shipments-mango-south-korea-poised-begin-week
Council approves four investment projects worth $17.2 million
The Council for the Development of Cambodia (CDC) on Monday announced the approval of four investment projects worth some $17.2 million. These are set to create 1,490 jobs. Sun Awesome Garment Co Ltd is to establish a garment and laundry facility in Kampong Cham’s Prey ...
Hin Pisei
https://www.phnompenhpost.com/business/council-approves-four-investment-projects-worth-172-million
PM: ‘Peace and stability the bedrock of growth’
Prime Minister Hun Sen, speaking to thousands of Cambodian People’s Party faithful who had congregated on Koh Pich to commemorate the 41st Victory Day on Tuesday, said peace and political stability was the bedrock of Cambodia’s 7.1 per cent economic growth. Low inflation, a stable ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-peace-and-stability-bedrock-growth
Corn industry maintains hope for rebound amid plummeting prices
Total corn exports dropped by more than 40 per cent on 2018 due to last year’s drought and pest damage, industry insiders said. Ministry of Agriculture, Forestry and Fisheries data showed that last year the Kingdom exported 119,993 tonnes of red corn – down 41.23 ...
Hin Pisei
https://www.phnompenhpost.com/business/corn-industry-maintains-hope-rebound-amid-plummeting-prices
Kingdom exports 157K tonnes of bananas
The export of yellow bananas to international markets last year reached 157,812 tonnes, most of which was exported to China and the rest to Vietnam and Japan, a Ministry of Agriculture, Forestry and Fisheries report showed. There is no data on 2018 banana exports to ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-exports-157k-tonnes-bananas
FDI to Cambodia rockets 12% to $3.5 billion in 2019
Cambodia attracted more than $3.5 billion in foreign direct investment (FDI) last year, an increase of nearly 12 per cent over 2018, thanks in part to Chinese investors who accounted for half of the investments, a National Bank of Cambodia (NBC) report released last week ...
Hin Pisei
https://www.phnompenhpost.com/business/fdi-cambodia-rockets-12-35-billion-2019
Report: Banking system healthy
Political stability, growth in all economic sectors and a strong banking system were major drivers that reinforced public confidence in the Kingdom’s banking system last year, said the National Bank of Cambodia (NBC). According to its “Macroeconomic and Banking Progress 2019 Report and 2020 Outlook”, ...
May Kunmakara
https://www.phnompenhpost.com/business/report-banking-system-healthy
As rice exports to EU drop, dealers are reducing prices due to tariffs
Government data showed that Cambodia’s rice exports to the European Union had dropped by 30 percent in 2019, after the economic bloc imposed tariffs at the start of last year. Ministry of Agriculture data showed that rice exports dropped from 300,000 tons in 2018 to around ...
Trademark registrations slightly increase in 2019
Registrations for trademarks rose slightly in the first 11 months of last year compared to the same period in 2018, the Ministry of Commerce’s Results Review and Implementation Plan for 2020 report stated. The report showed that trademark registrations rose by 2.13 per cent to ...
Thou Vireak
https://www.phnompenhpost.com/business/trademark-registrations-slightly-increase-2019
Rubber exports grow nearly 24% last year
The Kingdom’s rubber exports saw a 24 per cent increase over the first 11 months of last year compared to the same period in 2018, data from the General Directorate of Rubber obtained by The Post on Tuesday showed. Pol Sopha, the director-general of the ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-grow-nearly-24-last-year
Executive outlook for 2020
Despite internal and external challenges, the Cambodian economy reached even greater heights last year, with the government reporting economic growth of 7.1 per cent – the highest in the Asean region. However, China-US trade tensions and protectionist policies remain obstacles, with the government forecasting 6.5 ...
May Kunmakara
https://www.phnompenhpost.com/business/executive-outlook-2020
Council OKs energy projects
The Council for the Development of Cambodia (CDC) has granted official licences approving two projects with a combined capital investment of $100 million in the energy sector, it said on Wednesday. The projects are a $71 million power line network in Preah Sihanouk province developed by ...
Thou Vireak
https://www.phnompenhpost.com/business/council-oks-energy-projects
Acleda, PPCBank granted listing eligibility
Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-ppcbank-granted-listing-eligibility
PM: ‘Border ravaged by war must enrich people’
Prime Minister Hun Sen has called for further investment in establishing special economic zones (SEZs) along the border with neighbouring Vietnam. Hun Sen was speaking at the inauguration of the Da Market in Tbong Khmum province on Tuesday as the government works to attract further foreign ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-border-ravaged-war-must-enrich-people
Bilateral trade with South Korea tops $657M
Bilateral trade between Cambodia and South Korea has topped more than $657 million for the first nine months of this year. According to Ministry of Commerce data obtained by The Post on Monday, the figure is a little more than $100 million shy of the $769 ...
Hin Pisei
https://www.phnompenhpost.com/business/bilateral-trade-south-korea-tops-657m
Turkish investors eye electronics, electricity production in Kingdom
Turkish investors have expressed interest in seeking investment partners in Cambodia in the electricity production and electronics sectors. Guven Uckan, the head of the Electrical Electronics and Services Exporters’ Association (EESEA), said Cambodia had great potential for investment, with a number of Turkish investors currently doing ...
Japan firm opens logistics centre in PPSEZ
Nippon Express (NPEXY), a Japanese firm specialising in lorry, rail, and air transport services, launched its new logistics centre at the Phnom Penh Special Economic Zone (PPSEZ) on Monday. ...
Thou Vireak
https://www.phnompenhpost.com/business/japan-firm-opens-logistics-centre-ppsez
Transparency key to attract US investments: Ambassador
US Ambassador Patrick Murphy on Monday held a meeting with Land Management Minister Chea Sophara to discuss the need for transparency in development projects to attract more American investments. Mr Murphy tweeted after the meeting the United States wants to see that all development projects in ...
Sun Mesa
https://www.khmertimeskh.com/50673427/transparency-key-to-attract-us-investments-ambassador
Exporter urges Kampot pepper farmers to focus on quality
An exporter has asked farmers to focus on producing high-quality pepper by following strict standards to strengthen demand for their products abroad. According to the Kampot Pepper Promotion Association, 50 percent of Kampot pepper is exported to the EU, while 30 percent is consumed internally. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50673130/exporter-urges-kampot-pepper-farmers-to-focus-on-quality
China’s Shandong eyes investment in agriculture in Kratie
Delegates from the Shandong provincial standing committee have expressed strong interest in investing in Kratie province’s agricultural sector, provincial governor Va Thorn told The Post on Monday. “The Chinese delegation inspected the Snuol Special Economic Zone [SEZ] as they have expressed interest in investing in a ...
Hin Pisei
https://www.phnompenhpost.com/business/chinas-shandong-eyes-investment-agriculture-kratie