Economy and commerce

Nimul urges local firms to go online with products

Cham Nimul, Minister of Commerce, yesterday, encouraged local companies, especially small and medium enterprises (SMEs), to register their products at ‘CambodiaTrade’ as well as explore the possibility of joining Alibaba.com to expand the market for Khmer products outside the Kingdom. ...

Nhean Chamrong
https://www.khmertimeskh.com/501495824/nimul-urges-local-firms-to-go-online-with-products/

CCC, China’s ACFIC join forces to enhance investment ties

The Cambodian Chamber of Commerce (CCC) and the All-China Federation of Industry and Commerce (ACFIC) have announced the collaboration to strengthen investment ties between the two nations. ...

Chea Vanyuth
https://www.khmertimeskh.com/501495806/ccc-chinas-acfic-join-forces-to-enhance-investment-ties/

Cambodia strengthens trade ties with Pakistan, Bangladesh

The Ministry of Commerce (MoC) yesterday inked an agreement with Pakistan to establish a joint committee aimed at elevating trade cooperation. ...

Nhean Chamrong
https://www.khmertimeskh.com/501496424/cambodia-strengthens-trade-ties-with-pakistan-bangladesh/

GDCE workshop updates officials on e-payment

In an effort to ensure customs and excise officials are updated on the latest in payments, the National School of Customs, General Department of Customs and Excise of Cambodia (GDCE), on Monday organized a workshop. ...

Rachel David
https://www.khmertimeskh.com/501496412/gdce-workshop-updates-officials-on-e-payment/

Minister of Commerce recommends five points to promote the export of Cambodian products

Cham Nimul, Minister of Commerce, on May 27, presided over the opening ceremony of the seminar on “Beyond Borders: Bringing Cambodian Products to Global Markets through Alibaba.com, ”which was attended by leaders of the Ministry of Commerce, representatives of the Ministry of Posts and Telecommunications, ...

Khmer Times Staff
https://www.khmertimeskh.com/501495567/minister-of-commerce-recommends-five-points-to-promote-the-export-of-cambodian-products/

MoC, NBC push for riel price tags

The Ministry of Commerce and the National Bank of Cambodia (NBC) recently held a high-level meeting to discuss strategies to encourage the use of Khmer Riel and decided to promote price tag labelling in national currency as an important step. ...

Chea Vanyuth
https://www.khmertimeskh.com/501495175/moc-nbc-push-for-riel-price-tags/

China promises to expand investments in Kingdom

China is ready to encourage more companies to expand investment in the Kingdom, boosting the economic corridors, accelerating the industrialisation process and strengthening cooperation in railways, roads, energy and agriculture. ...

Nhean Chamrong
https://www.khmertimeskh.com/501495145/china-promises-to-expand-investments-in-kingdom/

GDT tax collection falls in Q1

The General Department of Taxation (GDT) collected taxes totalling $1.18 billion during the January-March period this year, down 11.9 percent from $1.34 billion collected in the first quarter of 2023. ...

Chea Vanyuth
https://www.khmertimeskh.com/501493907/gdt-tax-collection-falls-in-q1/

AMRO forecasts rosier growth for Cambodia in 2024

According to a press release from the ASEAN+3 Macroeconomic Research Office (AMRO) on Thursday, Cambodia’s economy is predicted to grow robustly in 2024, driven by a rise in exports and a continued tourism recovery. ...

Khmer Times Staff
https://www.khmertimeskh.com/501494147/amro-forecasts-rosier-growth-for-cambodia-in-2024/

SERC to strengthen Cambodia’s derivatives market with IFC help

The Securities and Exchange Regulator of Cambodia (SERC) partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to bolster the development of Cambodia’s derivatives market. ...

Chea Vanyuth
https://www.khmertimeskh.com/501493215/serc-to-strengthen-cambodias-derivatives-market-with-ifc-help/

Bank lending to households posts weak growth, says NBC

With bank credit growth reaching its lowest in two decades in Cambodia, households’ mortgage loans posted weak growth in 2023, said the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501492423/bank-lending-to-households-posts-weak-growth-says-nbc/

CDC, CCC review 19th G-PSF progress

The Council for the Development of Cambodia (CDC) in collaboration with the Cambodia Chamber of Commerce (CCC) organised a meeting to review the progress of the 19th Government-Private Sector Forum (19th G-PSF). ...

Nhean Chamrong
https://www.khmertimeskh.com/501492411/cdc-ccc-review-19th-g-psf-progress/

Cambodia tops emerging markets FDI index 2024

Cambodia has topped a recent global index produced by the UK-based business publication, fDi Intelligence. ...

James Whitehead
https://www.khmertimeskh.com/501492453/cambodia-tops-emerging-markets-fdi-index-2024/

Kingdom’s food delivery business to net $170M

The food delivery business in Cambodia that got its momentum during the Covid-19 lockdowns is expected to make further strides and net a revenue of $170.2 million by the end of the current year. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501493191/kingdoms-food-delivery-business-to-net-170m/

FDI inflows into manufacturing remain high

Foreign direct investment (FDI) inflows into the manufacturing sector remained high, after investment into construction and real estate, as per the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501491715/fdi-inflows-into-manufacturing-remain-high/

Kingdom, Korea to establish trade consultation channel soon

Cambodia and South Korea will have ‘Regular Consultation Sessions’ aimed at boosting trade and investment cooperation between the two countries. ...

Nhean Chamrong
https://www.khmertimeskh.com/501491711/kingdom-korea-to-establish-trade-consultation-channel-soon/

Cambodia proposes exclusive Special Economic Zone for Korean Firms to boost investment

Cambodian Prime Minister Hun Manet raised two initiatives to promote trade and investment of Korean investors in Cambodia. The premier spoke at the opening ceremony of the Cambodia-Republic of Korea Business Forum on 16 May 2024 in Seoul, South Korea.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/501490362/cambodia-proposes-exclusive-special-economic-zone-for-korean-firms-to-boost-investment/

Korea FDI in Kingdom reaches $5 billion, says Prime Minister

Prime Minister Hun Manet yesterday said that the bilateral trade volume between the Republic of Korea and Cambodia reached approximately $751 million while Korea’s foreign direct investment (FDI) in the Kingdom recorded $30 million last year, taking the total FDI from the country to $5 ...

Nhean Chamrong
https://www.khmertimeskh.com/501489820/korea-fdi-in-kingdom-reaches-5-billion-says-prime-minister/

Agricultural loans fall to 31% from 36% in 5 years

As Cambodia diversifies, share of agricultural loans in rural credit falls from 35.8 percent to 31 percent in five years, as per data with the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501490959/agricultural-loans-fall-to-31-from-36-in-5-years/

Kingdom, Korea ink 6 agreements

Prime Minister Hun Manet and Yoon Suk Yeol, President of the Republic of Korea yesterday witnessed the signing of four Memoranda of Understanding (MoUs) and two other agreements aimed at expanding multifaceted cooperation in financial development, investment flow, intellectual property, drug management, vocational training and ...

Nhean Chamrong
https://www.khmertimeskh.com/501489818/kingdom-korea-ink-6-agreements/

Cambodia’s RCEP trade up 14%

Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose by 13.98 percent to $11.19 billion, a report from the Ministry of Commerce said. ...

Chea Vanyuth
https://www.khmertimeskh.com/501489816/cambodias-rcep-trade-up-14/

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