Economy and commerce

As the government moves to a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), garment and rice industry insiders expect the new trade corridor to diversify the Kingdom’s export market. ...

A group of investors from the Chinese province of Hainan is now in the Kingdom exploring opportunities in coconut farming. The delegation met yesterday with Minister of Agriculture Veng Sakhon in Phnom Penh to discuss the coconut sector in the Kingdom and announce their intention ...

A group of Chinese investors has expressed interest in investing in Cambodia’s asset management sector and tapping into the vast opportunities for businesses and investments brought about by the Kingdom’s current economic development. Kao Thach, the CEO of state-owned Rural Development Bank (RDB), met with a ...

Garment factories continue to open in the Kingdom despite the looming threat Cambodia faces of losing its Everything-but-arms (EBA) status with the European Union, a report published recently notes.​ ...

The Council for the Development of Cambodia (CDC) approved three investment projects in the bags and garment sector with a total capital investment of $8.8 million, it said on Monday. The projects approved are bag factory Quan Ming Handbag (Cambodia) Industrial Co Ltd, the bag and ...

The Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone (PPSP) reported strong revenue growth reaching $2 million in the third quarter of this year – up 46.96 per cent from $1.4 million in the third quarter of last year. ...

Milled rice exporter Mekong Oryza Trading Co Ltd signed an export memorandum of understanding (MoU) with companies from Hong Kong and South Africa in Phnom Penh on Tuesday. The agreement was inked between Mekong Oryza Trading, Hong Kong-based Zhonghui Taifu International Co Ltd and South African-based ...

The Ministry of Agriculture, Forestry and Fisheries has called on rubber industry owners to obtain quality certification for their product to boost rubber prices.​​ The ministry’s director of the Department of Administration and Legislation under the ministry’s General Directorate of Rubber Khuon Phalla spoke to ...

Locally-owned Acleda Bank Plc will become the first commercial bank to be listed on the Cambodia Securities Exchange (CSX). It received an official letter to this effect from the National Bank of Cambodia (NBC) on November 26, which allows it to proceed with its plans for ...

Trade volume at the nascent Cambodia Securities Exchange (CSX) in the third quarter of this year was down 92.1 per cent on the second, the Securities Exchange Commission of Cambodia (SECC) Securities Trading Statistical Bulletin said on Tuesday. ...

The World Bank on Wednesday released an update to the biannual “Cambodia Economic Update”, which showed that the economy grew by 7.5 percent in 2018, but could drop to 7 percent this year. The updated growth numbers are the same as the ones released in ...

Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update. ...

The government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. ...

The strong economic growth Cambodia has experienced in the last few decades has benefitted everyone and created opportunities for all, a high-ranking government official said yesterday. ...

Micro, small- and medium-sized enterprises (MSMEs) continue to play an important role in supporting the Kingdom’s economic growth, with stakeholder engagement required in tackling certain challenges, Ministry of Industry and Handicraft official Chhea Layhy said on Wednesday. ...

The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018.​ ...

Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...

EU Ambassador Carmen Moreno has vowed to bring more European investors into the Kingdom and pledged to uphold good relations between the EU and Cambodia.​ During a meeting with Senate president Say Chhum yesterday, Ambassador Moreno acknowledged the country’s progress and improvement under the government’s ...

Association of Banks in Cambodia president In Channy on Tuesday said the Kingdom’s banking sector will remain strong and not be directly affected by the potential suspension of its access to the EU’s “Everything But Arms” (EBA) trade agreement. ...

A lack of working capital has remained a challenge for the Kingdom’s rice industry and has impeded rice export growth for years, industry insiders said. The comments were made at a meeting between the state-owned Rural Development Bank (RDB) and the Cambodia Rice Federation (CRF) on ...

China has not yet purchased milled rice from Cambodia for the period 2019-2020, with the country still trying to fulfill its quota for the year 2018. Kao Thach, CEO of Rural Development Bank (RDB), told Khmer Times that Cofco – China’s largest food processor, manufacturer and trader ...

Cambodian exporters are hopeful that a free trade agreement with South Korea will boost trade between the nations and attract more investment into the Kingdom.​ Chang Hoon Lee, managing director of Korean exporter Hyundai Agro, said the move is a positive development. A free-trade pact ...

National Bank of Cambodia (NBC) governor Chea Chanto said on Monday that the Kingdom’s economy has maintained robust growth with low and manageable inflation which paves a favourable path for the banking sector’s continuous development. Meanwhile, fintech is playing an important role in the financial ...

Cambodia and South Korea yesterday signed five agreements, including the launch of a joint study on the possibility of a free trade agreement.​​ The agreements were signed by Foreign Affairs Minister Prak Sokhonn and his Korean counterpart Kang Kyung-wha on the sidelines of the Asean-Republic ...