Economy and commerce

Cambodia pushes hard on free-trade agreements

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. ...

Sorn Sarath
https://www.khmertimeskh.com/50723292/cambodia-pushes-hard-on-free-trade-agreements/

Tax breaks to boost securities sector

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. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50723348/tax-breaks-to-boost-securities-sector/

Australian firm keen to invest in Cambodia’s rice production chain

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/50723439/australian-firm-keen-to-invest-in-cambodias-rice-production-chain/

Blockchain system will reduce dependence on the ‘greenback’

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. ...

Harrison White
https://www.khmertimeskh.com/50723403/blockchain-system-will-reduce-dependence-on-the-greenback/

Call for new 7-Eleven to stock half local produce

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. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50722453/call-for-new-7-eleven-to-stock-half-local-produce/

Australia comes to Cambodia’s help

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

Sorn Sarath
https://www.khmertimeskh.com/50722365/australia-comes-to-cambodias-help/

Airport infrastructure key for Mondulkiri

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. ...

Sok Chan
https://www.khmertimeskh.com/50722617/airport-infrastructure-key-for-mondulkiri/

IMF: Gov’t needs to address long-lasting employment

Economic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment.​​ ...

Harrison White
https://www.khmertimeskh.com/50722552/imf-govt-needs-to-address-long-lasting-employment/

Trade with Japan sees increase of nearly 5%

Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows. ...

Thou Vireak
https://www.phnompenhpost.com/business/trade-japan-sees-increase-nearly-5

Cambodian rice exports burdened by power and transport costs

The Ministry of Commerce and Cambodia Rice Federation (CRF) are continuing working to solve the long-running challenges of the Kingdom’s high cost of electricity and transportation in order to boost the country’s rice industry. ...

Sorn Sarath
https://www.khmertimeskh.com/50722616/cambodian-rice-exports-burdened-by-power-and-transport-costs/

SME Bank expected to help boost local production

The State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721318/sme-bank-expected-to-help-boost-local-production/

Fertiliser imports on the rise

Cambodia imported more than 1.2 million tonnes of fertiliser and pesticide in 2019, a year-on-year increase of 9 percent, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721495/fertiliser-imports-on-the-rise/

Cross-border trade with Thailand estimated at just $1.5 million for first quarter

Cambodia’s cross border trade with Thailand fell to $1.5 million in the first quarter as the coronavirus hit the global economy and led to closure of dozens of checkpoints. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721501/cross-border-trade-with-thailand-estimated-at-just-1-5-million-for-first-quarter/

Two investment projects approved by CDC to create hundreds of jobs

The Council for the Development of Cambodia (CDC) has approved two more investment projects which are expected to create almost 687 jobs for the locals. ...

Khmer Times Staff
https://www.khmertimeskh.com/50721539/two-investment-projects-approved-by-cdc-to-create-hundreds-of-jobs/

Loans in Kingdom soaring

Credit Bureau Cambodia (CBC) has reported that the total outstanding loans in the first quarter of the year reached about $28.4 billion, up to 26 percent compared with the same period last year. ...

Sok Chan
https://www.khmertimeskh.com/50722002/loans-in-kingdom-soaring/

Nearly US$8 million in investment projects licensed

Three new investment projects with a total investment capital of US$7.9 million have received the green light from the Council for the Development of Cambodia (CDC).​ ...

Khmer Times Staff
https://www.khmertimeskh.com/50720897/nearly-us8-million-in-investment-projects-licensed/

Cambodia exported over 186,000 tonnes of cashew nuts in first 4 months of 2020

Cambodia exported 186,205 tonnes of cashew nut to foreign markets in the first four months of this year, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...

Khmer Times Staff
https://www.khmertimeskh.com/50720899/cambodia-exported-over-186000-tonnes-of-cashew-nuts-in-first-4-months-of-2020/

Chinese firm unveils US$160-million parking lot investment in Phnom Penh

China Good Cars Holding Ltd. has unveiled a US$160-million-worth investment project in a parking lot for heavy vehicles in Phnom Penh – aiming to contribute to reducing traffic congestion in the capital. ...

Khmer Times Staff
https://www.khmertimeskh.com/50720892/chinese-firm-unveils-us160-million-parking-lot-investment-in-phnom-penh/

SME Bank ‘must relax its criteria for loans’

THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...

Sok Chan
https://www.khmertimeskh.com/50720985/sme-bank-must-relax-its-criteria-for-loans/

Agriprocessors urged to take out loans and expand work

The state-run Agricultural and Rural Development Bank (ARDB) has called for small and medium enterprises (SMEs) to expand their agriculture-based processing productions and apply for low-interest rate emergency loans. ...

Chea Vannak
https://www.khmertimeskh.com/50720250/agriprocessors-urged-to-take-out-loans-and-expand-work/

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