Economy and commerce

‘Kingdom ready if EBA withdrawn’: Ministry

A senior Labour Ministry official said a withdrawal of the preferential Everything But Arms (EBA) trade agreement with the EU would not hurt the Kingdom’s economy. Ministry spokesman Heng Suor said the government had prepared plans in the event of an EBA withdrawal. However, he ...

Kong Meta
https://www.phnompenhpost.com/national/kingdom-ready-if-eba-withdrawn-ministry

EU officials: Ending EBA an 18-month procedure

EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-officials-ending-eba-18-month-procedure

Chinese imports are the salt of the Earth

Cambodia will ink an agreement with China next week to import 30,000 tonnes of salt by the end of November, said co-president of the Kep-Kampot Salt Producers Community (KKSPC) Ly Sang. Sang told The Post on Monday that the KKSPC will receive Ministry of Industry ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/chinese-imports-are-salt-earth

PM wants more Japanese investment in Cambodia

Prime Minister Hun Sen, speaking at the Mekong- Japan Business Forum in Tokyo on October 9, invited Japanese firms to visit Cambodia and convince themselves that it a worthy country for their investments. ...

Ven Rathavong
https://www.khmertimeskh.com/50540098/pm-wants-more-japanese-investment-in-cambodia/

Advocacy group raises questions about Cambodia's gold imports

Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia — a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling. ...

David Boyle and Malis Tum
https://www.voanews.com/a/advocacy-group-raises-questions-about-cambodia-gold-imports/4599968.html

EU a key economic partner in Cambodia: Ambassador

The European Union is a key economic partner in Cambodia, with preferential access to European markets a key element of the Kingdom’s robust growth in recent years, said European Union Ambassador George Edgar. ...

Sum Manet
https://www.khmertimeskh.com/50539696/eu-a-key-economic-partner-in-cambodia-ambassador/

ADB revises down Cambodia’s inflation forecast

The Asian Development Bank (ADB) has updated its forecast for Cambodia, revising down its estimate of the country’s inflation rate to 2.6 percent from 3.2 percent. Economic growth is expected to remain steady at about 7 percent, according to the ADB. ...

Aun Chhengpor
https://www.voacambodia.com/a/adb-revises-down-cambodia-inflation-forecast/4591720.html

US businessmen seek improved ties to Cambodia

US-ASEAN Business Council President Alexander Feldman wants Cambodia and the US to maintain and improve their relationship.​ ...

Ven Rathavong
https://www.khmertimeskh.com/537818/us-businessmen-seek-improved-ties-to-cambodia/

Indonesian businesses look for local partners

Some 80 businessmen from Cambodia and Indonesia gathered at a trade fair in Phnom Penh on Wednesday to forge partnerships and explore ways to boost bilateral trade. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/indonesian-businesses-look-local-partners

Boao Forum to further bolster Cambodia-China relations

The Boao Forum for Asia-Phnom Penh Conference brought together this week Chinese and Cambodian leading business ​people and politicians to discuss economic ties between the countries and promote inter-regional economic cooperation. ...

Sok Chan
https://www.khmertimeskh.com/50537483/boao-forum-to-further-bolster-cambodia-china-relations/

ADB says Cambodia to grow at 7% in 2018, 2019

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. ...

May Kunmakara
https://www.khmertimeskh.com/50536840/adb-says-cambodia-to-grow-at-7-in-2018-2019/

Kingdom’s development discussed

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. ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdoms-development-discussed

Cambodia among fastest growing economies in region: McKinsey

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. ...

Kazi Mahmood
https://www.khmertimeskh.com/50535015/cambodia-among-fastest-growing-economies-in-region-mckinsey/

Cambodia eyes $5 bn mark in trade with VN

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. ...

The Phnom Penh Post
http://www.nationmultimedia.com/detail/asean-plus/30354719

Cambodia is primed and open for business

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 ...

Kohe Hasan, Sin Soputhi and Billie Slott
https://www.businesstimes.com.sg/opinion/cambodia-is-primed-and-open-for-business

Cambodia, Vietnam to boost border trade

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. ...

Chea Vannak
https://www.khmertimeskh.com/50533723/cambodia-vietnam-to-boost-border-trade/

Firms eye Kingdom as tariffs mount on factories in China

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. ...

Hor Kimsay
https://www.phnompenhpost.com/business/firms-eye-kingdom-tariffs-mount-factories-china

PM vows to ‘protect’ Chinese interests

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 ...

Meas Sokchea
https://www.phnompenhpost.com/national/pm-vows-protect-chinese-interests

Cambodia has boosted the “Belt and Road” to a new high

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 ...

Khmer Times
https://www.khmertimeskh.com/50531942/cambodia-has-boosted-the-belt-and-road-to-a-new-high/

Tobacco worth over $2M exported to VN last year

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 ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/tobacco-worth-over-2m-exported-vn-last-year

Fresh round of MFI license cancellations by NBC

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. ...

Sum Manet
https://www.khmertimeskh.com/50531273/fresh-round-of-mfi-license-cancellations-by-nbc/

Koh Kong ‘Vacation Town’ to cost $1.2B

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. ...

Hor Kimsay
https://www.phnompenhpost.com/business/koh-kong-vacation-town-cost-12b

Cashew sector pared down as farmers change crops

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. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/cashew-sector-pared-down-farmers-change-crops

Firms back loan relief measures for victims

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. ...

Hor Kimsay
https://www.phnompenhpost.com/business/firms-back-loan-relief-measures-victims

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