Economy and commerce

Four more investment projects approved by CDC

The Council for the Development of Cambodia (CDC) has approved four more investment projects, expecting to create almost 1,500 jobs for the locals. ...

Khmer Times Staff
https://www.khmertimeskh.com/50715646/four-more-investment-projects-approved-by-cdc/

Agriculture to be a key pillar for economy

NBC’s Director-General has said that agriculture could potentially contribute to Cambodia’s economic growth as the workforce in the sector continues to increase while productivity remains high. ...

Sok Chan
https://www.khmertimeskh.com/50715090/agriculture-to-be-a-key-pillar-for-economy/

Three-month tax exemption for hotels, guesthouses

The government has given a three-month tax exemption to hotels, guesthouses, restaurants and travel agencies in Phnom Penh and several provinces as the industry feels the pinch over the coronavirus pandemic. ...

Pech Sotheary
https://www.khmertimeskh.com/50715189/three-month-tax-exemption-for-hotels-guesthouses/

Migrants’ home remittances dwindle

As the Coronavirus pandemic hits jobs and wages in many sectors of the global economy, a slowdown in the amount of money sent  home by migrant workers looks increasingly likely, according to a report by World Economic Forum (WEF). ...

Sorn Sarath
https://www.khmertimeskh.com/50715088/migrants-home-remittances-dwindle/

MFIs respond to affected customers

Microfinance institutions (MFIs) have taken some actions to restructure their loans for affected customers because of the COVID-19 pandemic, according to the Cambodia Microfinance Association (CMA). ...

Sok Chan
https://www.khmertimeskh.com/50714667/mfis-respond-to-affected-customers/

IMF sees Cambodia registering a combined GDP growth of one percent this year and to expand to 8.5 percent in 2021

The International  Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of  1.0 percent this year before surging 8.5 percent next year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50714379/imf-sees-cambodia-registering-a-combined-gdp-growth-of-one-percent-this-year-and-to-expand-to-8-5-percent-in-2021/

CDC okays five projects to create 6,373 jobs

The Council for the Development of Cambodia (CDC) issued final registration certificates to five investment projects between April 13-17 worth more than $24 million and which are expected to generate 6,373 jobs.​ ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-five-projects-create-6373-jobs

Rubber exports up by 10 percent in Q1

Cambodia’s rubber export has increased 10 percent in the first quarter of this year compared with the same period last year, but the price of the commodity showed a slight decrease, according to a report from Ministry of Agriculture, Forestry and Fisheries. ...

Chea Vannak
https://www.khmertimeskh.com/50714831/rubber-exports-up-by-10-percent-in-q1/

Impact of Coronavirus on real estate

Property watchers have long noticed that weekends, at this time of the year, are a prime times for people seeking to buy or rent homes, but this year it’s different. ...

Yeshi Dema
https://www.khmertimeskh.com/50714661/impact-of-coronavirus-on-real-estate/

Cambodia drops 8 places in Economic Freedom Index

Cambodia’s ranking in the Index of Economic Freedom dropped by eight places from last year, a negative sign for a country seeking to expand its economy and become a major player in Southeast Asia. ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50714184/cambodia-drops-8-places-in-economic-freedom-index/

Exports through Svay Rieng increase by $237 million

Cambodia’s exports through three Special Economic Zones in Svay Rieng province, which shares a border with Vietnam, have recorded a $237 million rise in the first quarter of 2020. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50713731/exports-through-svay-rieng-increase-by-237-million/

Economy to contract for the first time since conflict ended

The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...

Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/

Gov’t set to finalise antitrust, competition draft law

The government will soon finalise a draft law on antitrust and competition, and submit it to the National Assembly for approval, Ministry of Commerce senior official told The Post on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/govt-set-finalise-antitrust-competition-draft-law

Int’l digital payment firms ‘committed’ to de-dollarisation

Visa Inc. is one of several international digital payment firms who have said they are committed to supporting the government and the National Bank of Cambodia (NBC) in their de-dollarisation mission. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50713285/intl-digital-payment-firms-committed-to-de-dollarisation/

GMAC, other textile associations mount pressure on brands to pay suppliers

Nine business associations in the STAR (Sustainable Textile of Asian Region) Network are calling on buyers to honour their contracts with their suppliers. ...

Khmer Times Staff
https://www.khmertimeskh.com/50713331/gmac-other-textile-associations-mount-pressure-on-brands-to-pay-suppliers/

Price of exported rice doubles

The price of fragrant rice exports to international markets has doubled in the last month, from $50 to $100 per matrix ton, according to the Cambodia Rice Federation (CRF). ...

Chea Vannak
https://www.khmertimeskh.com/50713246/price-of-exported-rice-doubles/

CSX: Four more companies to list bonds and equity

Three financial institutions and one privately owned company are expected to list their corporate bonds and equity on the Cambodia Securities Exchange (CSX) by the end of April and early May respectively. ...

Sok Chan
https://www.khmertimeskh.com/50713247/csx-four-more-companies-to-list-bonds-and-equity/

Exports soar 24% in first two months

Cambodian exports soared 24 per cent year-on-year to $2.563 billion in the first two months of this year, despite the reverberating local and global effects of the Covid-19 pandemic. ...

Thou Vireak
https://www.phnompenhpost.com/business/exports-soar-24-first-two-months

CDC okays 15 more projects this month

The Council for the Development of Cambodia (CDC) has issued final registration certificates to 15 investment projects since April 2 worth a total of $225.5 million and which are expected to generate 7,620 jobs. ...

Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-15-more-projects-month

World Bank: Real-estate boom could backfire on economy

The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50712701/world-bank-real-estate-boom-could-backfire-on-economy/

$23.5 million in new investment projects licensed

The Council for Development of Cambodia (CDC) has given the green light to six new investment projects with a total investment capital of $23.5 million. ...

Khmer Times Staff
https://www.khmertimeskh.com/50712885/23-5-million-in-new-investment-projects-licensed/

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