Economy and commerce

The United States, one of the Cambodia’s key trading partners, is going to assess sanitary and phyto-sanitary standards in Cambodia, opening up the opportunity for Cambodian agricultural products to be exported to the US. ...

The Kingdom’s apex rice industry body has been meeting this week to discuss ways of nailing down a potentially massive deal with Bangladesh, which earlier this month inked a memorandum of understanding to purchase 1 million tonnes of Cambodian rice over the next five years. ...

H.E. Ok Boung, Secretary of State at the Ministry of Commerce, held a discussion with H.E. Ms. Pottie Donica, Canadian Ambassador to Cambodia, on bilateral trade relations, mainly in garment sector, at the ministry office on Monday afternoon, said the ministry’s news release. ...

Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...

Over 1,500 kilograms of poor quality chicken bones and other tainted goods imported from Thailand have been seized and destroyed by Camcontrol officials in Banteay Meanchey and Battambang province this week. ...

The state-owned Rural Development Bank on Monday announced it will rebrand as the Agriculture Development Bank within the next couple of years, offering a wider range of funds and banking services. ...

Cambodia’s banking sector enjoyed another strong performance last year as the Kingdom’s economy continued to expand, with banking credit moderating, deposits increasing and financial institutions remaining healthy as they further integrate into the global economy, the central bank said in its annual report yesterday. ...

Prime Minister Hun Sen is to ask Japan to invest $800 million in building a skytrain link between the city and Phnom Penh International Airport. ...

Growth of exports to Japan slowed during the first half of 2017, marking the lowest half-year growth rate in nearly a decade, newly released data from Japan’s development agency show. ...

Malaysia is investing some US$250 million to establish a Cambodia Islamic Trade Centre (CITC) seen as positive contribution to the country’s economic development. ...

Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. ...

Cambodia’s market regulator has finalised regulations for establishing a corporate bond, moving one step closer to introducing a new capital market tool that would allow companies to raise funds for expansions, debt refinancing or acquisitions, officials announced yesterday. ...

Cambodia and Bangladesh announced a potentially massive rice deal yesterday that would deliver up to 1 million tonnes of local rice to the South Asian nation over the next five years, provided they agree on the pricing terms. ...

Two companies have revealed their investment plan to build expressways from Phnom Penh, the capital city of Cambodia, to the border of Laos and Thailand, according to a local media report. ...

Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday. ...

Opposition lawmaker Son Chhay yesterday submitted a letter to National Assembly President Heng Samrin to forward to Minister of Mines and Energy Suy Sem requesting more information on sand-dredging operations and a sand-processing facility in Koh Kong province, following a​​ recent ban on exports from ...

Korea is joining hands with Cambodian investor to establish the biggest shopping mall of international standard in Phnom Penh to correspond to the capital’s increasingly modernising lifestyle. ...

Sihanoukville Autonomous Port (PAS), which operates the Kingdom’s only deepsea port, reported a modest increase in container traffic during the first six months of the year, compared to a year earlier, a trend its director said should result in higher profits for the listed company. ...

The Kingdom’s investment authority signed an agreement yesterday to promote and protect investments between the United Arab Emirates (UAE) and Cambodia, a move government officials hope will attract foreign direct investment from the oil-rich Gulf state, which currently stands at almost zero. ...

The Kingdom’s investment authority signed an agreement yesterday to promote and protect investments between the United Arab Emirates (UAE) and Cambodia, a move government officials hope will attract foreign direct investment from the oil-rich Gulf state, which currently stands at almost zero. ...

Addressing the delegates, Chea Serey, director general of National Bank of Cambodia (NBC), stressed the role and importance of digital finance initiatives in broadening financial inclusion. She said digital finance could be a “game changer” for Cambodia’s nascent financial sector as it enables financial service ...

Viettel Group, the Vietnamese military-owned operator of Cambodian mobile operator Metfone, expects to pull in $1.4 billion in revenue this year from overseas investments, Vietnamese state-owned media reported yesterday. ...

Cambodia’s first draft national strategy on promoting the riel is to be finalised next month and has been sent to the economic and financial policy committee of the Ministry of Economy and Finance for review and endorsement by end of the year. ...

Cambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and ...