Economy and commerce

The Asian Development Bank (ADB) forecasts that Cambodia’s gross domestic product (GDP) will grow by 7 percent in 2018 and 2019, backed by strong export growth, robust tourist arrivals, buoyant domestic demand, and an expansionary fiscal policy. ...

The National Bank of Cambodia (NBC) and the International Monetary Fund on Thursday held a conference to discuss the next steps in Cambodia’s economic development. ...

Cambodia has emerged as one of the four recent economic out performers in the Southeast Asian region, according to analyst firm McKinsey & Company in a report published on Wednesday. ...

The bilateral trade volume between Vietnam and Cambodia continued to grow during the first seven months of this year, prolonging an increase after three years of declines that ended in 2016. ...

On July 29, the Cambodian People’s Party (CPP) declared victory in the country’s general election. With the elections out of the way, Phnom Penh, once known as the “Pearl of Asia”, can again be viewed as a hub of opportunity, especially given Cambodia’s robust average ...

Cambodia and Vietnam have agreed to boost their bilateral trade figures to $5 billion with the acceleration of a border trade agreement following an increase in trade volume between both countries. ...

The Kingdom is becoming more attractive than ever for fashion companies that are looking to diversify their supply chains in response to the escalating trade war between the US and China, industry experts say. ...

Prime Minister Hun Sen on Tuesday told Chinese companies investing in Cambodia not to worry about contract cancellation in the Kingdom. Speaking at a roundtable meeting with business executives in China as co-chair of the China-Asean Expo, the prime minister told six Chinese conglomerates with ...

In August 2014, China Wind Global Investment Group Co., Ltd. officially landed in Cambodia and opened another new voyage of its “Belt and Road”. It is reported that “China Wind Global Investment Group” was established in August 2013 and was established after Chinese President Xi ...

Cambodia exported more than 1,000 tonnes of dry tobacco leaves to Vietnam last year, valued at more than $2 million. The figure marks a 24 per cent increase from 2016, the Ministry of Commerce said. Ministry of Commerce spokesman Long Kemvichet said data showed the ...

The National Bank of Cambodia (NBC) has rejected two license applications and revoked the licenses of 24 microfinance institutions operating outside the capital, according to an announcement released Wednesday. ...

Union Development Group (UDG), the Chinese developer behind Koh Kong province’s $3.8 billion tourism project called Dara Sakor, has unveiled plans for yet another project called “Tourism Vacation Town”. The announcement comes despite the company releasing little information about its previously touted venture. ...

Cashew nut production in the Kingdom declined by more than 50 per cent in the three years leading up to last year, as farmers followed the market by switching to other crops, figures from the Ministry of Agriculture indicate. ...

Representatives from the Kingdom’s microfinance sector on Sunday said the industry was keeping a close watch on those impacted by the Mekong River flooding, and that they were willing to take measures to reduce the financial burden on the victims. ...

Officials from Kampong Speu province will inspect the 45 hectares under dispute between 17 families and two companies, which had been acquired for development purposes. ...

Phnom Penh Special Economic Zone (PPSP) and Sihanoukville Autonomous Port (PAS) – both public companies listed in Cambodia’s nascent stock market – reported solid growth during the first half of the year. ...

Exports of travel goods from the Kingdom are set to gain from the ongoing US-China trade war as US lobbyists for the Garment Manufacturers Association of Cambodia (GMAC) claim that President Donald Trump plans to raise duties on such China-made products from 10 to 25 ...

The Council for the Development of Cambodia (CDC) has approved a more than $68 million hotel project in Poipet town, it said on Friday. The project, funded by Boonma Heng Co Ltd, aims to build the first four-star hotel in the province, complete with 392 ...

Caretaker Prime Minister Hun Sen will attend three days of meetings at the World Economic Forum (WEF) on Asean in Hanoi next month, alongside seven other Southeast Asian heads of state, a WEF release said on Wednesday. ...

Despite the failure to export to China and South Korea local planters can expect a boost in the exportation of fresh mangoes to the European Union (EU) provided they have quality products, said an exporter yesterday. ...

Exports to the US grew 26 per cent in the first half of this year, despite tensions over the Kingdom’s July 29 national elections. This stands in stark contrast to last year when export growth to the US was in single digits. ...

The Minister of Commerce Pan Sorasak urged a Hunan-based company to take advantage of the vast, untapped potential in the agricultural sector and to invest in an export processing plant in Battambang. ...

The Kingdom on Thursday signed a joint phytosanitary protocol for banana exports to China, with officials saying this was the first move in promoting the product on the world stage. The agreement was signed by the Chinese ambassador to Cambodia Xiong Bo and Agriculture Minster ...

Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...