Economy and commerce

Cambodia’s Ministry of Economy and Finance has granted a business licence to Etiqa Insurance & Takaful, a leading insurance provider in Malaysia, paving the way for the firm to tap into the Kingdom’s nascent insurance market, the company announced. ...

Construction on a 400 megawatt (mW) heavy fuel oil power project in Kandal province’s Lvea Em district, which was planned to begin operations in the first part of June, will not be able to move forward as planned. ...

Business advocates are continuing to call on the Cambodian government to further support the local economy during and after the COVID-19 pandemic – through the implementation of collateral-free working loans and new policies to encourage more foreign direct investment in the Kingdom. ...

Five more investment projects worth $174.8 million have been approved, according to a press release of the Council for the Development of Cambodia issued on May 22. ...

The Capital Market saw a 22 per cent drop capitalisation in the first quarter of the year, bringing the market capitalisation to around $544million, compared with the fourth quarter of 2019. From January to March in 2020, the Phnom Penh Special Economic Zone (PPSP)’s share ...

Khmer Enterprise (KE), an implementation unit of the Entrepreneurship Development Fund established by the Ministry of Economy and Finance (MEF), and SHE Investments, Cambodia’s first and only gender-focused and culturally tailored business incubator and accelerator, have jointly developed the Digital Resource Center for Micro, Small ...

Cambodia Chamber of Commerce (CCC) and Securities and Exchange Commission of Cambodia (SECC) – the country’s securities regulator – signed a memorandum of understanding (MoU) in a move to team up concerning raising awareness, while encouraging firms to join the local stock market.​ ...

The Council for the Development of Cambodia (CDC) granted a business licence to Chinese panel maker Risen Energy (Cambodia) to build a 60 megawatt (mW) solar farm in Battambang province. ...

NIPPON Express and Xamato Green expressed their interest after seeing a potential investment in Cambodia’s agriculture sector. The plan was disclosed during a meeting last week led by Yamato Green company’s Chairman Nabeshima Katsuhito and Ngin Chhay, the director-general of the General Directorate of Agriculture ...

Longan is potential for both local market and export to Thailand and the drying facility for the fruit has already been built, said Thou Phea, Deputy Governor of Pailin province.​ ...

The government has reduced the import of live pigs from neighbouring countries by up to 70 percent to support local farmers to increase their production, according to a senior official of the General Directorate of Animal Health and Production. ...

Cambodia exported $22.17 million worth of natural rubber to the international market last month, gaining 6.3 per cent over April 2019’s $20.85 million, said a Ministry of Agriculture, Forestry and Fisheries report.​ ...

The private sector plans to launch the first small and medium-sized enterprise (SME) competition in Cambodia to promote the SME sector and seek financial loan support for business expansion. ...

Cambodia is hoping that Chinese tourists will drive its tourism growth when the world is cleared of the COVID-19 pandemic, Tourism Minister Thong Khon said. ...

The Ministry of Economy and Finance has approved the extension loan tenures to seven years from four years under a revised agreement between SME Bank and Participating Financial Institutions (PFIs). ...

Three agriculture products were given the nod to restart export next week, the government announced Friday during the cabinet meeting chaired by Prime Minister Hun Sen. ...

Cambodia’s draft law of anti-money laundering bill has been approved today at the Council of Ministers meeting chaired by Prime Minister Hun Sen. ...

Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement. ...

The Ministry of Economy and Finance issued an announcement on the implementation of guidelines on withholding tax for investors in the securities sector to promote the development of stocks in the Kingdom. ...

An Australian firm is eying investment in Cambodia’s paddy rice and milled rice production chain for export to Australia. This was made known by Pablo Kang, Ambassador of Australia during a meeting with Pan Sorasak, Minister of Commerce. ...

Cambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. ...

It’s hoped 50 percent of Cambodian-made products will be on sale at new 7-Eleven stores, a universally well-known convenience store, when it opens in Cambodia next year. ...

Australian government is studying the new project to help Cambodia’s economy development, trade facilitate and diversification, according to Australian Ambassador to Cambodia. ...

The development of tourism in Mondulkiri province will require continued investment in transportation infrastructure – particularly in the region’s airport – which will play a vital role to service both tourists and light freight, according to a senior official at the ministry. ...