Economy and commerce

Prime Minister Hun Sen yesterday said that the Cambodian customs unit will have helicopters equipped with weapons to stamp out smuggling. ...

The pomelo grown in Kratie’s Koh Trong commune is now the third Cambodian product to obtain Geographical Indication (GI) status, following in the footsteps of Kampot pepper and Kampong Speu’s palm sugar. ...

A new joint venture of local and international companies will result in the creation of the biggest data centre in the country, boosting the Kingdom’s capabilities to provide digital and cloud services. ...

With the countries aiming to achieve $6 billion in bilateral trade by 2020, China on Tuesday said Cambodia’s low sanitary and phytosanitary standards stand in the way of achieving their mutual trade goals, particularly when it comes to agricultural goods. ...

The National Bank of Cambodia on Wednesday announced it is revoking the licenses of 11 rural credit institutions and rejecting license applications from 12 other credit organisations.​ ...

A Chinese-owned depot for furniture and construction materials officially open yesterday in Kandal province, 20 kilometres from downtown Phnom Penh.​ ...

More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International ...

The Council for the Development of Cambodia (CDC) on Thursday announced it has approved four projects so far in June, amounting to $1.9 billion. CDC posted in its Facebook page that since the beginning of the month it has issued final registration certificates for four ...

Cambodian entrepreneurs who are members of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), can soon display and sell their products on a new shopping website, thanks to a partnership with London-based Sram & Mram Resources Ltd. ...

The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, announced on Thursday that it had approved four projects with a combined total capital investment of nearly $2 billion. It said the four projects would create 11,193 jobs. ...

Amru Rice Group, one of Cambodia’s largest rice exporters, on Thursday signed a contract purchase agreement with 4,000 organic rice farmers in Preah Vihear province. The agreement effectively means that the company will reserve nearly $10 million to purchase around 30,000 tonnes of organic paddy ...

Cambodian officials pleaded last week with representatives of the Eurasian Economic Union (EAEU) to include more Cambodian products into the bloc’s joint tariff scheme during a high level diplomatic meeting in Moscow. ...

Phnom Penh Forestry Administration (FA) on Tuesday morning stopped a passenger bus that was carrying snakes, water monitor lizards, turtles and tortoises, weighing a total of 400kg, said Kom Seyha, office chief at the Phnom Penh FA, who led the operation. ...

The Ministry of Agriculture, Forestry and Fisheries has temporarily halted the import, supply and distribution of all pesticides. The ban comes after at least 14 people died and around 300 were warded after poisonings in Sre Norn and Alorch villages in Chet Borey district’s Kantuot ...

Cambodia may need to import 30,000 tonnes of salt this year to meet local demand as producers face a shortage due to climate change, an industry group says. Bun Baraing, co-director of the Kep-Kampot Salt Producers Community (KKSPC), told The Post on Wednesday that this ...

Cambodian could soon be exporting its world-renowned rice to the Oceanian nation of Papua New Guinea after trade representatives from both countries held negotiations last week. ...

Cambodian exports to the United States, the world’s largest economy, rose sharply during the first three months of the year following a marked increase in the shipments of travel goods after the US renewed its Generalized System of Preferences in March. ...

Cambodia’s economic health remains strong at about 6 or 7 percent annual growth, but the country needs to harness its young population and invest in training and skills to ensure this trend continues, the World Bank said. ...

In order to bring more businesses into the regulatory fold, the government has promised attractive new incentives for companies that register before December, including a two-year break on tax revenue. ...

Representatives of Cambodia, Thailand and Vietnam gathered yesterday in Phnom Penh to discuss ways of improving trading procedures in Asean, particularly in agricultural goods, as part of a workshop organised by German development agency GIZ. ...

Kampong Speu Military Police, along with Wild-life Alliance experts, on Wednesday cracked down on a home in Chech village where they confiscated nearly 20 kilograms of live wild animals, officials said on Thursday. ...

Plans appear to be in the works to develop a central stretch of prime riverfront real estate currently owned by a state-run enterprise into a sprawling commercial development, according to sources involved with the landowner, though key government officials professed to be in the dark ...

Ratanakkiri’s first cassava-processing plant will operate at full capacity starting next month, producing 300 tonnes of cassava products per day. The factory is now on a test run and is only producing 10 tonnes of cassava products a day, said Soy Sona, director of Ratanakkiri’s ...

Prime Minister Hun Sen used a speech inaugurating a Chinese-funded university in Kratie on Wednesday to defend Chinese investment in Cambodia, which has come under fire in recent months both for its adverse economic side effects and its perceived potential for political influence. ...