Economy and commerce

PPAP profit nears $9M in first nine months of 2019

Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP) reported $8.97 million in net profit during the first nine months of this year – up 46.9 per cent from $5.98 million during the same period last year. ...

Hin Pisei
https://www.phnompenhpost.com/business/ppap-profit-nears-9m-first-nine-months-2019

CCC inks 18 MoUs with Chinese firms

The Cambodia Chamber of Commerce (CCC) on Thursday signed 18 memorandums of understanding (MoUs) with a visiting delegation of Chinese business leaders from 24 firms. They involved various forms of cooperation. ...

Hin Pisei
https://www.phnompenhpost.com/business/ccc-inks-18-mous-chinese-firms

Garment, travel goods exports will stay strong, says minister

Minister of Commerce Pan Sorasak on Thursday expressed his optimism that garment, textile, footwear and travel goods exports will continue to enjoy strong growth over the next few years. He cited better working conditions and labour compliance as the main drivers of the Kingdom’s industrial ...

PM wants more trade, investment with Pakistan

Prime Minister Hun Sen on Wednesday urged Pakistan to boost trade and investment between the two countries. The appeal was made during a meeting with Deputy Speaker of the National Assembly of Pakistan Qasim Khan Suri at the Peace Palace in Prampi Makara district’s Mittapheap commune ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-wants-more-trade-investment-pakistan

China trade talks unrelated to EBA uncertainties, government says

A Commerce Ministry official said on Thursday that initiation of talks with China for a free trade agreement were not linked to a potential suspension of the ‘Everything But Arms’ trade scheme. The Chinese Embassy in Phnom Penh announced last week that the two countries ...

Aun Chhengpor
https://www.voacambodia.com/a/china-trade-talks-unrelated-to-eba-uncertainties-government-says/5175305.html

Garment, textile, footwear exports nearly $8B in Q1-Q3

Cambodia exported more than $7.97 billion worth of garment, textile and footwear (GTF) products in the first nine months of this year, up 13.18 per cent year-on-year from $7.044 billion, a report from the Ministry of Economy and Finance’s General Department of Customs and Excise ...

Thou Vireak
https://www.phnompenhpost.com/business/garment-textile-footwear-exports-nearly-8b-q1-q3

Minister wants better business relationship with Hunan province

Minister of Public Works and Transport Sun Chanthol on Tuesday called on China’s Hunan province to promote bilateral trade, cooperation and investment, and seize opportunities in many potential sectors. He was speaking at the Hunan Investment Promotion and Machinery Expo in Phnom Penh on Tuesday to ...

May Kunmakara
https://www.phnompenhpost.com/business/minister-wants-better-business-relationship-hunan-province

Everything But Arms: EU close to suspending Cambodia’s trade preferences

The EU slammed the government for the dire human rights situation in the Southeast Asian country, giving it a one-month deadline to respond to a preliminary report on suspending trade preferences before deciding whether to go ahead with the plan. Brussels has warned Phnom Penh ...

EU Bulletin
https://www.eubulletin.com/10398-everything-but-arms-eu-close-to-suspending-cambodias-trade-preferences.html

Listed firms GTI and PAS post higher Q3 revenue

Two Cambodia Securities Exchange- (CSX-) listed firms – Grand Twins International (GTI) and Sihanoukville Autonomous Port (PAS) – reported a strong business performance with high revenue in the third quarter of this year. ...

May Kunmakara
https://www.phnompenhpost.com/business/listed-firms-gti-and-pas-post-higher-q3-revenue

MFI loans, deposits grow in first nine months of this year

Outstanding loans and deposits in Cambodia’s crowded microfinance institution (MFI) sector have seen a sharp rise in the first three quarters of this year. ...

May Kunmakara
https://www.phnompenhpost.com/business/mfi-loans-deposits-grow-first-nine-months-year

Hunan province group to invest $1.3 billion in Kingdom

A group of businessmen from China’s Hunan province will today sign agreements to invest $1.3 billion in the Kingdom. The commitment was made during a meeting between Foreign Affairs Minister Prak Sokhonn and Du Jiahao, a member of the CPC Central Committee and secretary of ...

Khy Sovuthy
https://www.khmertimeskh.com/50661005/hunan-province-group-to-invest-1-3-billion-in-kingdom/

SEA leaders create development strategy

Twenty – eight leaders from various business sectors in Southeast Asia came together last month to create a strategy to propel the Kingdom’s sustainable development with actionable and measurable targets.​ ...

Poovenraj Kanagaraj
https://www.khmertimeskh.com/50661055/sea-leaders-create-development-strategy/

Local startup earns spot in fintech ranking

Cambodia was this month recognised for the first time in the 2019 Fintech100 – a collaborative effort between H2 Ventures and KPMG that analyses the fintech space globally.​ ...

Gerald Flynn
https://www.khmertimeskh.com/50661022/local-startup-earns-spot-in-fintech-ranking/

PM confident EBA outcome will not impact Kingdom

As the government reviews a European Commission preliminary report on whether Cambodia should retain its Everything-but-Arms preferential trade status, Prime Minister Hun Sen has said that the Kingdom has strong financial foundations to sustain itself with or without the EBA. “Someone said we will suffer ...

Ben Sokhean
https://www.khmertimeskh.com/50660990/pm-confident-eba-outcome-will-not-impact-kingdom/

Sihanoukville to welcome four new industrial parks

The coastal province of Preah Sihanouk will soon be home to four more special economic zones, bringing the total number of industrial parks there to nine, the prime minister said Saturday. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50661037/sihanoukville-to-welcome-four-new-industrial-parks/

Thailand boosting rubber exports a concern

Rubber growers and exporters have expressed concern that prices will continue to fall as Thailand seeks to boost its natural rubber exports, industry insider Men Sopheak said. In March, the International Tripartite Rubber Council (ITRC), which comprises Thailand, Indonesia and Malaysia, agreed to reduce rubber ...

Thou Vireak
https://www.phnompenhpost.com/business/thailand-boosting-rubber-exports-concern

Exports of footwear and travel goods buoyed by tariff privileges

Cambodia’s footwear and travel goods exports dramatically increased in the first nine months of this year, thanks to tariff privileges they received from the US under its Generalised System of Preferences (GSP). ...

May Kunmakara
https://www.phnompenhpost.com/business/exports-footwear-and-travel-goods-buoyed-tariff-privileges

Cambodia imports 5,000 tonnes of Indian salt

Cambodia imported about 5,000 tonnes of salt from India amid a shortage of stock, Salt Producers Community of Kampot-Kep (SPCKK) co-president Bun Baraing said on Sunday. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-imports-5000-tonnes-indian-salt

Fujian investors eyeing P Sihanouk province

During a meeting with Minister of Industry and Handicraft Cham Prasidh on Thursday in Phnom Penh, Fujian Provincial Federation of Entrepreneurs and Enterprises deputy secretary-general Wei Zheng said the association is eyeing potential areas for investment. ...

Hin Pisei
https://www.phnompenhpost.com/business/fujian-investors-eyeing-p-sihanouk-province

Shenzhen Institute of Planning to undertake Sihanoukville masterplan

The Shenzhen Urban Planning and Design Institute has been commissioned to undertake a masterplan to transform Sihanoukville into a modern sprawling metropolis, using the Shenzhen experience as its secret recipe. ...

Khmer Times Staff
https://www.khmertimeskh.com/660033/shenzhen-institute-of-planning-to-undertake-sihanoukville-masterplan/

China free trade agreement negotiations to start in December

Negotiations for a free trade agreement between Cambodia and China, the second-biggest economy in the world, will begin next month, the Chinese Embassy in Phnom Penh announced yesterday. ...

Sok Chan
https://www.khmertimeskh.com/50660011/china-free-trade-agreement-negotiations-to-start-in-december/

China’s rice imports from Kingdom on the rise

China imported 40 percent more rice from Cambodia from January to October this year over the same period last year, according to government data. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50659992/chinas-rice-imports-from-kingdom-on-the-rise/

Experts from Asean gather to discuss upcoming Competition Law

The Competition Law, a piece of legislation deemed crucial in the digital economy, will be completed early next year, Commerce Minister Pan Sorasak said yesterday. ...

Sok Chan
https://www.khmertimeskh.com/50659995/experts-from-asean-gather-to-discuss-upcoming-competition-law/

Cambodian government mulls response to European Union report on EBA suspension

Foreign Ministry spokesperson Koy Kuong said the government will attempt to address all the points of concern raised by the European Union but refrained from divulging any details. ...

Hul Reaksmey
https://www.voacambodia.com/a/cambodian-government-mulls-response-to-european-union-report-on-eba-suspension-/5165555.html

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