Economy and commerce

Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. ...

The second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday. ...

Cambodia exported $296 million of goods to Japan in the first two months of this year, up 2.4 per cent compared to the same period last year, data from the Japan External Trade Organisation (Jetro) shows. Both countries committed to boosting bilateral trade to more ...

The Government on Tuesday announced the suspension of the annual Khmer New Year celebration, in a bid to stop the spread of the Novel Coronavirus. ...

Cambodia and Thailand are in talks to open more border gates to import and export agricultural products after the two countries largely closed their borders amid the Covid-19 pandemic. Held on Tuesday on the Thai side of the border, the Cambodian delegation was led by ...

The prime minister has urged all stake holders involved in the agricultural sector in the country to boost and promote the vital agricultural sector as it will provide food for the country’s people as well as enable exports. ...

The ASEAN+3 Macroeconomic Research Office (AMRO), in its release revealed the shared common situation of the ASEAN + 3 nations economic growth prospects for this and next year amid headinds caused by the Covid-19 pandemic. ...

The COVID-19 pandemic has increased the Consumer Price Index (CPI) , according to a monthly report from the  Ministry of Commerce. ...

Small and medium enterprises (SMEs) are expected to apply for a loan from the newly formed SME Bank of Cambodia to expand their production lines but first, they want to see the end of COVID-19, according to the vice-president of Cambodia Chamber of Commerce. ...

Cambodian Public Bank is responding to the Coronavirus crisis by taking pro-active action to provide help to its customers in distress by restructuring and rescheduling their loans to eligible individual and business customers. ...

Hattha Kaksekar Limited (HKL), a subsidiary of Thai-based Bank of Ayudhya Pcl (Krungsri), received a $50 million loan from Japan International Cooperation Agency (Jica) to expand its operations and support micro-, small- and medium-sized enterprises (MSMEs) in rural areas. ...

Cambodia and Japan’s bilateral trade rose by 13 percent last year to $2,292 million, according to a recent report from the Japan External Trade Organisation (JETRO). ...

National Bank of Canada has injected an additional capital investment of $120 million to support the further growth of Cambodia-based ABA Bank. ...

The government has decided to revise three types of public service fees to boost business registration and draw more investment both locally and abroad, said the ministries of Economy and Finance; and Commerce in a joint statement.​ ...

Small and Medium Enterprise Bank of Cambodia (SME Bank), the Kingdom’s newest bank with initial capital of $100 million to provide financing for small and medium-sized enterprises (SMEs), was officially launched on Saturday. ...

The Council for the Development of Cambodia (CDC) on Wednesday approved seven investment projects worth $174.1 million and expected to generate 3,328 jobs, it said in a press release. ...

The $800 million to $2 billion COVID-19 stimulus package announced by Prime Minister Hun Sen last month will only be given to those businesses that are legally registered and are formally verified, the Ministry of Economy and Finance has said. ...

Cambodia exported a total of 2,936,992 tonnes of agricultural commodities and products to the international markets during the first quarter of the year. Increasing 20 percent from the same period last year, according to a report from the Ministry of Agriculture, Forestry and Fisheries released ...

Impending COVID-19 health measures and high levels of micro debt pose a serious concern for the approximately 2.4 million Cambodians with a combined outstanding debt of $8 billion, according to a World Bank report released this week. ...

The government is evaluating the current economic situation and monitoring the impact of the ongoing Covid-19 pandemic to determine whether to adjust its six per cent projection for economic growth this year, Ministry of Economy and Finance spokesman Meas Sok Sensan said on Wednesday. ...

Bilateral trade between Cambodia and the U.S. were valued at US$585 million in January 2020, up 33 percent compared to the same period last year. ...

Cambodia was recorded as the third largest recipient of Vietnamese investment during the first quarter of this year, according to a report released by the Foreign Investment Agency under the Ministry of Planning and Investment in Vietnam.​ ...

The government will disburse between $500 and $600 million in low-interest loans to financial institutions to enable them to provide loans to businesses at lower interest rates. ...

Trade activities across the Vietnam- Cambodia border have been maintained despite the halt of entry and exit of citizens and tourists as a measure to curb the spread of the acute respiratory disease caused by the coronavirus SARS-CoV-2 (COVID-19). ...