Economy and commerce

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 ...

The Kingdom’s exports to Japan rebounded in the first half of the year, jumping from single-digit growth last year to 19 per cent, new figures from the Japanese External Trade Organization (Jetro) showed. During the first half of last year, Cambodian exports to Japan grew ...

The process of obtaining geographical indication (GI) status for Kampong Speu palm sugar in the European Union suffered a setback this week after a company asked for revisions to the wording of the product’s guidebook, according to a producers association. ...

Exports of garment and footwear products achieved solid growth during the first half of the year, expanding by 9.3 percent. According to the Ministry of Commerce, exports from the country’s garment industry were valued at $3.7 billion during the first six months of the year. ...

The Council for Development of Cambodia (CDC) approved projects worth a total $3.5 billion in the first half of this year – a 14 per cent increase compared to the same period last year, a statement released on Saturday said. ...

Twenty-five percent of Acleda Bank’s shares will soon be available for trading as stakeholder ASA Plc announced late Wednesday, its plan to list on the Cambodia Securities Exchange (CSX). Acleda Securities Plc president and CEO Prom Visoth noted that the move could potentially double the ...

China’s Ambassador in Phnom Penh says the European Union should not mix politics with trade as it mulls withdrawing Cambodia’s vital preferential single market access in response to the country’s autocratic backslide. ...

The Kingdom will import 30,000 tonnes of salt to meet domestic demand as stockpiles are expected to empty by November, a leader from the Salt Producers Community of Kampot-Kep said. Citing the impact heavy rains have had on the industry, co-executive director of the body, ...

Cambodian rubber exports surged 21 percent during the first half of the year, compared to the same period last year, the Ministry of Agriculture said on Sunday. Local producers exported 84,419 tonnes of rubber during the first six months of this year, an increase of ...

Representatives of the Kingdom’s private sector this week urged the European Union not to cancel the Everything-but-arms (EBA) scheme in response to a perceived deterioration of human rights and democracy in the country. ...

A European Union (EU) mission met with senior government officials at the Ministry of Interior on Tuesday as the 28-member bloc monitors an agreement under which Cambodian goods reach the crucial European market tariff-free. ...

Salt producers in the Kingdom will meet next week to finalise import quotas in line with domestic demand, the chief technical officer of the Kep-Kampot Salt Producers community (KKSPC) said on Sunday. Last month, the KKSPC said Cambodia needed to import approximately 30,000 tonnes of ...

The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics Office (GSO) said from January to June this year, that country’s businesses ...

Prime Minister Hun Sen defended Chinese support and investment in Cambodia on Monday at the inauguration of an overpass in Phnom Penh, hailing the two nations’ “partnership in comprehensive strategies”. During the inauguration of the Dey Hoy Sky Bridge in the capital’s Sen Sok district, ...

The National Bank of Cambodia (NBC) announced on Friday that it is seeking to cooperate with relevant stakeholders to crack down on illegal lenders. It also alerted the public about the dangers of taking cash loans from unfamiliar sources. ...

Shanghai-based Join.In Hospitality Management (JHM) has revealed plans to expand its Tonino Lamborghini Hotel & Resort – a luxury hotel chain – by opening a hotel in Siem Reap, its first outside China. In a press release, JHM announced earlier this week that it has ...

Cambodia became the largest bicycle supplier to the European Union (EU) last year, overtaking Taiwan, which had held the number one spot for two decades, a recent report from the website Bike-EU.com said on Monday. The report from the leading industry newsletter associated with the ...

Producers, traders and exporters in Ratanakkiri and Tbong Khmum can now apply online for certificates of origin for their exports, submitting applications through the website of their respective provincial commerce department. ...

The first industrial park for small and medium enterprises in the Kingdom will open this October in Kandal province, just 12 kilometres from the centre of Phnom Penh. The SME Eco Park, referred to also as SME Cluster Zone by the developer, is located on ...

Visa Inc, the world’s leader in digital payments, experienced strong growth in Cambodia in 2017 with the number of Visa cards in the country increasing by 65 percent compared to the previous year. ...

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