Economy and commerce
PPSP reports strong revenue growth reaching $2M in Q3
The Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone (PPSP) reported strong revenue growth reaching $2 million in the third quarter of this year – up 46.96 per cent from $1.4 million in the third quarter of last year. ...
May Kunmakara
https://www.phnompenhpost.com/business/ppsp-reports-strong-revenue-growth-reaching-2m-q3
Cambodian rice set for export to South Africa
Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday. The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-rice-set-export-south-africa
Obtain quality certification, rubber industry owners told
The Ministry of Agriculture, Forestry and Fisheries has called on rubber industry owners to obtain quality certification for their product to boost rubber prices. The ministry’s director of the Department of Administration and Legislation under the ministry’s General Directorate of Rubber Khuon Phalla spoke to ...
Thou Vireak
https://www.phnompenhpost.com/business/obtain-quality-certification-rubber-industry-owners-told
Acleda to be listed on CSX
Locally-owned Acleda Bank Plc will become the first commercial bank to be listed on the Cambodia Securities Exchange (CSX). It received an official letter to this effect from the National Bank of Cambodia (NBC) on November 26, which allows it to proceed with its plans for ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-be-listed-csx
CSX trade volume plummets 92 per cent in third quarter
Trade volume at the nascent Cambodia Securities Exchange (CSX) in the third quarter of this year was down 92.1 per cent on the second, the Securities Exchange Commission of Cambodia (SECC) Securities Trading Statistical Bulletin said on Tuesday. ...
May Kunmakara
https://www.phnompenhpost.com/business/csx-trade-volume-plummets-92-cent-third-quarter
World Bank reports strong export growth, warns of potential ‘EBA’ withdrawal
The World Bank on Wednesday released an update to the biannual “Cambodia Economic Update”, which showed that the economy grew by 7.5 percent in 2018, but could drop to 7 percent this year. The updated growth numbers are the same as the ones released in ...
Hul Reaksmey
https://www.voacambodia.com/a/world-bank-reports-strong-export-growth-warns-of-potential-eba-withdrawal/5185964.html
World Bank warns of economic risks amid strong growth
Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update. ...
Tran Techseng
https://vodenglish.news/world-bank-warns-of-economic-risks-amid-strong-growth/
$3 billion in reserve ahead of possible EBA withdrawal
The government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. ...
Thou Vireak
https://www.phnompenhpost.com/national-politics/3-billion-reserve-ahead-possible-eba-withdrawal
Ministry says economic growth has benefitted people equitably
The strong economic growth Cambodia has experienced in the last few decades has benefitted everyone and created opportunities for all, a high-ranking government official said yesterday. ...
Chea Vannak
https://www.khmertimeskh.com/50665228/ministry-says-economic-growth-has-benefitted-people-equitably/
Event tackles MSME sector’s woes
Micro, small- and medium-sized enterprises (MSMEs) continue to play an important role in supporting the Kingdom’s economic growth, with stakeholder engagement required in tackling certain challenges, Ministry of Industry and Handicraft official Chhea Layhy said on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/event-tackles-msme-sectors-woes
National economy experiencing robust growth: WB
The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018. ...
Sok Chan
https://www.khmertimeskh.com/50664637/national-economy-experiencing-robust-growth-wb/
World Bank: Growth at 7% for this year
Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year
EU issues support for investment in Kingdom
EU Ambassador Carmen Moreno has vowed to bring more European investors into the Kingdom and pledged to uphold good relations between the EU and Cambodia. During a meeting with Senate president Say Chhum yesterday, Ambassador Moreno acknowledged the country’s progress and improvement under the government’s ...
Taing Vida
https://www.khmertimeskh.com/50664368/eu-issues-support-for-investment-in-kingdom/
Channy: Banking will stay strong, with or without EBA
Association of Banks in Cambodia president In Channy on Tuesday said the Kingdom’s banking sector will remain strong and not be directly affected by the potential suspension of its access to the EU’s “Everything But Arms” (EBA) trade agreement. ...
May Kunmakara
https://www.phnompenhpost.com/business/channy-banking-will-stay-strong-or-without-eba
Kingdom’s rice sector faces lack of capital
A lack of working capital has remained a challenge for the Kingdom’s rice industry and has impeded rice export growth for years, industry insiders said. The comments were made at a meeting between the state-owned Rural Development Bank (RDB) and the Cambodia Rice Federation (CRF) on ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-sector-faces-lack-capital
Rice exports to China still under last year’s quota: CRF
China has not yet purchased milled rice from Cambodia for the period 2019-2020, with the country still trying to fulfill its quota for the year 2018. Kao Thach, CEO of Rural Development Bank (RDB), told Khmer Times that Cofco – China’s largest food processor, manufacturer and trader ...
Sok Chan
https://www.khmertimeskh.com/50664440/rice-exports-to-china-still-under-last-years-quota-crf/
FTA with South Korea would improve Cambodia’s competitiveness: exporters
Cambodian exporters are hopeful that a free trade agreement with South Korea will boost trade between the nations and attract more investment into the Kingdom. Chang Hoon Lee, managing director of Korean exporter Hyundai Agro, said the move is a positive development. A free-trade pact ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50664297/fta-with-south-korea-would-improve-cambodias-competitiveness-exporters/
Strong growth projected for Cambodia’s banking sector
National Bank of Cambodia (NBC) governor Chea Chanto said on Monday that the Kingdom’s economy has maintained robust growth with low and manageable inflation which paves a favourable path for the banking sector’s continuous development. Meanwhile, fintech is playing an important role in the financial ...
May Kunmakara
https://www.phnompenhpost.com/business/strong-growth-projected-cambodias-banking-sector
Cambodia, South Korea ink five agreements, discuss migrants
Cambodia and South Korea yesterday signed five agreements, including the launch of a joint study on the possibility of a free trade agreement. The agreements were signed by Foreign Affairs Minister Prak Sokhonn and his Korean counterpart Kang Kyung-wha on the sidelines of the Asean-Republic ...
Ben Sokhean
https://www.khmertimeskh.com/50664054/cambodia-south-korea-ink-five-agreements-discuss-migrants/
Cambodia and S.Korea closer to signing FTA
The agreement to conduct the study was signed between South Korea’s Trade Minister Yoo Myung-hee and Cambodian Commerce Minister Pan Sorasak in the Korean city of Busan, where a two-day Asean summit is being held. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50663999/cambodia-and-s-korea-closer-to-signing-fta/
Chinese firms set to invest in car assembly, fertiliser plants
Two Chinese companies plan to invest in a car assembly plant and an organic fertiliser processing plant in Cambodia, following a visit by a delegation of 20 company representatives from Shandong province last week. The delegation was led by Shandong provincial vice-governor Wang Shujian, who met ...
Post Staff
https://www.phnompenhpost.com/business/chinese-firms-set-invest-car-assembly-fertiliser-plants
Asean banking conference to shape strategy for industry
The 22nd Asean Banking Conference and the 49th Asean Banking Council Meeting kicks off on Monday in Phnom Penh, Cambodia. This is the Kingdom’s first time hosting the conference and the second time for the council meeting. The event is organised by the Association of ...
May Kunmakara
https://www.phnompenhpost.com/business/asean-banking-conference-shape-strategy-industry
US companies urged to invest in Cambodia
Cambodia last week asked the United States to increase investments in the Kingdom, claiming that working conditions here have improved dramatically in recent years. The appeal was made by Commerce Minister Pan Sorasak in a meeting on Friday with US Ambassador Patrick Murphy. Mr Sorasak ...
Extractive industry to become new economic driver – Ministry
The government last week said the extractive industry is on course to become a main economic pillar. Cambodia’s economic development is mostly driven by the construction, real estate, tourism, garments and agricultural sectors, but the government is working to diversify, with the extractive industry set ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50663802/extractive-industry-to-become-new-economic-driver-ministry/