Economy and commerce

A group of businessmen from China’s Hunan province will today sign agreements to invest $1.3 billion in the Kingdom. The commitment was made during a meeting between Foreign Affairs Minister Prak Sokhonn and Du Jiahao, a member of the CPC Central Committee and secretary of ...

Twenty – eight leaders from various business sectors in Southeast Asia came together last month to create a strategy to propel the Kingdom’s sustainable development with actionable and measurable targets.​ ...

Cambodia was this month recognised for the first time in the 2019 Fintech100 – a collaborative effort between H2 Ventures and KPMG that analyses the fintech space globally.​ ...

As the government reviews a European Commission preliminary report on whether Cambodia should retain its Everything-but-Arms preferential trade status, Prime Minister Hun Sen has said that the Kingdom has strong financial foundations to sustain itself with or without the EBA. “Someone said we will suffer ...

The coastal province of Preah Sihanouk will soon be home to four more special economic zones, bringing the total number of industrial parks there to nine, the prime minister said Saturday. ...

Rubber growers and exporters have expressed concern that prices will continue to fall as Thailand seeks to boost its natural rubber exports, industry insider Men Sopheak said. In March, the International Tripartite Rubber Council (ITRC), which comprises Thailand, Indonesia and Malaysia, agreed to reduce rubber ...

Cambodia’s footwear and travel goods exports dramatically increased in the first nine months of this year, thanks to tariff privileges they received from the US under its Generalised System of Preferences (GSP). ...

Cambodia imported about 5,000 tonnes of salt from India amid a shortage of stock, Salt Producers Community of Kampot-Kep (SPCKK) co-president Bun Baraing said on Sunday. ...

During a meeting with Minister of Industry and Handicraft Cham Prasidh on Thursday in Phnom Penh, Fujian Provincial Federation of Entrepreneurs and Enterprises deputy secretary-general Wei Zheng said the association is eyeing potential areas for investment. ...

The Shenzhen Urban Planning and Design Institute has been commissioned to undertake a masterplan to transform Sihanoukville into a modern sprawling metropolis, using the Shenzhen experience as its secret recipe. ...

Negotiations for a free trade agreement between Cambodia and China, the second-biggest economy in the world, will begin next month, the Chinese Embassy in Phnom Penh announced yesterday. ...

China imported 40 percent more rice from Cambodia from January to October this year over the same period last year, according to government data. ...

The Competition Law, a piece of legislation deemed crucial in the digital economy, will be completed early next year, Commerce Minister Pan Sorasak said yesterday. ...

Foreign Ministry spokesperson Koy Kuong said the government will attempt to address all the points of concern raised by the European Union but refrained from divulging any details. ...

Cambodia exported more than $1.2 billion of products to the Japanese market in the first nine months of this year, up 8.4 per cent on the same period last year, data from the Japan External Trade Organisation (Jetro) shows. ...

Some of Cambodia’s largest banks and financial institutions have announced plans to expand their businesses following solid macroeconomic performance so far this year. The National Bank of Cambodia (NBC) in July projected that the Kingdom’s economy is poised to have grown 7.1 per cent this year. ...

US embassy Deputy Chief of Mission Michael Newbill met with Preah Sihanouk provincial governor Kuoch Chamroeun on Wednesday to strengthen cooperation as the US wants to bring investors to the province. ...

Cambodia and the European Patent Office last week bolstered ties with the signing of a new cooperation agreement to increase awareness of patents and intellectual property in the Kingdom. ...

Cambodia will host the 22nd Asean Banking Conference and the 49th Asean Banking Council Meeting, Association of Banks in Cambodia (ABC) president In Channy said on Thursday. Channy told The Post that the event will be organised by the ABC and will be held from ...

A new report has found that 28.1 per cent of Cambodians borrow money to pay for healthcare, with microfinance insiders claiming it does not reflect the reality in the financial sector. The University of New South Wales (UNSW) surveyed 5,000 households across Cambodia and found ...

Smart Axiata Co Ltd, the Kingdom’s leading mobile telecommunications operator, contributed nearly $374 million to the Cambodian economy last year, accounting for 1.5 per cent of gross domestic product (GDP), its CEO Thomas Hundt said on Wednesday. ...

The government welcomes investment from Germany in the Kingdom’s solar and renewable energy sector as local demand for electricity continues to rise between 15 to 20 per cent annually, Ministry of Mines and Energy official Victor Jona said on Tuesday in Phnom Penh. ...

Chinese Prime Minister Li Keqiang has agreed to a request from Cambodia to provide financial support for the development of Preah Sihanouk province. The request was made on Sunday by Prime Minister Hun Sen on the sidelines of the 35th Asean Summit and Related Summits ...

The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said. The call was made at a meeting between the US Ambassador to Cambodia Patrick Murphy and Minister of Commerce Pan Sorasak during the ...