Economy and commerce

Cambodia exported $22.17 million worth of natural rubber to the international market last month, gaining 6.3 per cent over April 2019’s $20.85 million, said a Ministry of Agriculture, Forestry and Fisheries report.​ ...

The private sector plans to launch the first small and medium-sized enterprise (SME) competition in Cambodia to promote the SME sector and seek financial loan support for business expansion. ...

Cambodia is hoping that Chinese tourists will drive its tourism growth when the world is cleared of the COVID-19 pandemic, Tourism Minister Thong Khon said. ...

The Ministry of Economy and Finance has approved the extension loan tenures to seven years from four years under a revised agreement between SME Bank and Participating Financial Institutions (PFIs). ...

Three agriculture products were given the nod to restart export next week, the government announced Friday during the cabinet meeting chaired by Prime Minister Hun Sen. ...

Cambodia’s draft law of anti-money laundering bill has been approved today at the Council of Ministers meeting chaired by Prime Minister Hun Sen. ...

Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement. ...

The Ministry of Economy and Finance issued an announcement on the implementation of guidelines on withholding tax for investors in the securities sector to promote the development of stocks in the Kingdom. ...

An Australian firm is eying investment in Cambodia’s paddy rice and milled rice production chain for export to Australia. This was made known by Pablo Kang, Ambassador of Australia during a meeting with Pan Sorasak, Minister of Commerce. ...

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

It’s hoped 50 percent of Cambodian-made products will be on sale at new 7-Eleven stores, a universally well-known convenience store, when it opens in Cambodia next year. ...

Australian government is studying the new project to help Cambodia’s economy development, trade facilitate and diversification, according to Australian Ambassador to Cambodia. ...

The development of tourism in Mondulkiri province will require continued investment in transportation infrastructure – particularly in the region’s airport – which will play a vital role to service both tourists and light freight, according to a senior official at the ministry. ...

Economic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment.​​ ...

Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows. ...

The Ministry of Commerce and Cambodia Rice Federation (CRF) are continuing working to solve the long-running challenges of the Kingdom’s high cost of electricity and transportation in order to boost the country’s rice industry. ...

The State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. ...

Cambodia imported more than 1.2 million tonnes of fertiliser and pesticide in 2019, a year-on-year increase of 9 percent, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...

Cambodia’s cross border trade with Thailand fell to $1.5 million in the first quarter as the coronavirus hit the global economy and led to closure of dozens of checkpoints. ...

The Council for the Development of Cambodia (CDC) has approved two more investment projects which are expected to create almost 687 jobs for the locals. ...

Credit Bureau Cambodia (CBC) has reported that the total outstanding loans in the first quarter of the year reached about $28.4 billion, up to 26 percent compared with the same period last year. ...

Three new investment projects with a total investment capital of US$7.9 million have received the green light from the Council for the Development of Cambodia (CDC).​ ...

Cambodia exported 186,205 tonnes of cashew nut to foreign markets in the first four months of this year, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...

China Good Cars Holding Ltd. has unveiled a US$160-million-worth investment project in a parking lot for heavy vehicles in Phnom Penh – aiming to contribute to reducing traffic congestion in the capital. ...