Economy and commerce
Kingdom's trade deal with EU questioned before poll
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. ...
Niem Chheng
https://www.phnompenhpost.com/national/kingdoms-trade-deal-eu-questioned-poll
Salt body to name quota for imports
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 ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/salt-body-name-quota-imports
Kingdom ranks second for FDI from VN
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 ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-ranks-second-fdi-vn
PM hails China as strategic partner
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, ...
Niem Chheng
https://www.phnompenhpost.com/national/pm-hails-china-strategic-partner
National Bank of Cambodia warns of dodgy lenders
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. ...
Hor Kimsay
https://www.phnompenhpost.com/business/national-bank-cambodia-warns-dodgy-lenders
Siem Reap resort in works by China firm
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 ...
Hor Kimsay
https://www.phnompenhpost.com/business/siem-reap-resort-works-china-firm
Kingdom becomes top bicycle supplier to EU
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 ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-becomes-top-bicycle-supplier-eu
Two more provinces to be able to issue certificates of origin
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. ...
May Kunmakara
https://www.khmertimeskh.com/50505079/two-more-provinces-to-be-able-to-issue-certificates-of-origin/
Worldbridge to open first SME industrial park
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 ...
Sok Chan
https://www.khmertimeskh.com/50505212/worldbridge-to-open-first-sme-industrial-park/
Visa transactions up 30 percent
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. ...
Sum Manet
https://www.khmertimeskh.com/50504799/visa-transactions-up-30-percent/
Customs unit to get choppers to fight smuggling: PM
Prime Minister Hun Sen yesterday said that the Cambodian customs unit will have helicopters equipped with weapons to stamp out smuggling. ...
Khuon Narim
https://www.khmertimeskh.com/50504920/customs-unit-to-get-choppers-to-fight-smuggling-pm/
Koh Trong pomelo gets GI recognition
The pomelo grown in Kratie’s Koh Trong commune is now the third Cambodian product to obtain Geographical Indication (GI) status, following in the footsteps of Kampot pepper and Kampong Speu’s palm sugar. ...
Sok Chan
https://www.khmertimeskh.com/50504798/koh-trong-pomelo-gets-gi-recognition/
New partnership to build Cambodia’s biggest data centre
A new joint venture of local and international companies will result in the creation of the biggest data centre in the country, boosting the Kingdom’s capabilities to provide digital and cloud services. ...
Sok Chan
https://www.khmertimeskh.com/50504327/new-partnership-to-build-cambodias-biggest-data-centre/
China says low sanitary standards in Cambodia a barrier to more trade
With the countries aiming to achieve $6 billion in bilateral trade by 2020, China on Tuesday said Cambodia’s low sanitary and phytosanitary standards stand in the way of achieving their mutual trade goals, particularly when it comes to agricultural goods. ...
NBC revokes licenses of 11 rural credit institutions
The National Bank of Cambodia on Wednesday announced it is revoking the licenses of 11 rural credit institutions and rejecting license applications from 12 other credit organisations. ...
May Kunmakara
https://www.khmertimeskh.com/50503744/nbc-revokes-licenses-of-11-rural-credit-institutions/
Chinese construction depot opens in Kandal
A Chinese-owned depot for furniture and construction materials officially open yesterday in Kandal province, 20 kilometres from downtown Phnom Penh. ...
Sok Chan
https://www.khmertimeskh.com/50503746/chinese-construction-depot-opens-in-kandal/
We’re going to Wisney World!
More than 6,000 mostly Chinese attendees witnessed the inauguration ceremony of a $1 billion Sihanoukville resort project called Wisney World in the capital on Wednesday. The event on Koh Pich, attended by several senior Cambodian government officials, is a joint venture between China’s AMC International ...
Hin Pisei
https://www.phnompenhpost.com/business/were-going-wisney-world
Nearly $2 billion invested in four projects
The Council for the Development of Cambodia (CDC) on Thursday announced it has approved four projects so far in June, amounting to $1.9 billion. CDC posted in its Facebook page that since the beginning of the month it has issued final registration certificates for four ...
Sok Chan
https://www.khmertimeskh.com/50501766/nearly-2-billion-invested-in-four-projects/
Fasmec brings in website for SMEs
Cambodian entrepreneurs who are members of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), can soon display and sell their products on a new shopping website, thanks to a partnership with London-based Sram & Mram Resources Ltd. ...
Hor Kimsay
https://www.phnompenhpost.com/business/fasmec-brings-website-smes
Nearly $2B in investments cleared by CDC
The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, announced on Thursday that it had approved four projects with a combined total capital investment of nearly $2 billion. It said the four projects would create 11,193 jobs. ...
Hor Kimsay
https://www.phnompenhpost.com/business/nearly-2b-investments-cleared-cdc
Amru bags rice deals worth almost $10M
Amru Rice Group, one of Cambodia’s largest rice exporters, on Thursday signed a contract purchase agreement with 4,000 organic rice farmers in Preah Vihear province. The agreement effectively means that the company will reserve nearly $10 million to purchase around 30,000 tonnes of organic paddy ...
Hor Kimsay
https://www.phnompenhpost.com/business/amru-bags-rice-deals-worth-almost-10m
Cambodia and EAEU fortify ties, consider FTA
Cambodian officials pleaded last week with representatives of the Eurasian Economic Union (EAEU) to include more Cambodian products into the bloc’s joint tariff scheme during a high level diplomatic meeting in Moscow. ...
Sok Chan
https://www.khmertimeskh.com/50497849/cambodia-and-eaeu-fortify-ties-consider-fta/
Officials seize 400kg of wildlife in Kratie
Phnom Penh Forestry Administration (FA) on Tuesday morning stopped a passenger bus that was carrying snakes, water monitor lizards, turtles and tortoises, weighing a total of 400kg, said Kom Seyha, office chief at the Phnom Penh FA, who led the operation. ...
Niem Chheng
https://www.phnompenhpost.com/national/officials-seize-400kg-wildlife-kratie
Agriculture ministry halts imports of pesticides
The Ministry of Agriculture, Forestry and Fisheries has temporarily halted the import, supply and distribution of all pesticides. The ban comes after at least 14 people died and around 300 were warded after poisonings in Sre Norn and Alorch villages in Chet Borey district’s Kantuot ...
Post Staff
https://www.phnompenhpost.com/national/agriculture-ministry-halts-imports-pesticides