Economy and commerce
Exports through SEZs up by $1.39 billion in H1
Cambodia’s export through Special Economic Zones (SEZs), mostly non-garment manufacturing products, reported growth in the first six months of this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501346089/exports-through-sezs-up-by-1-39-billion-in-h1/
Credit guarantees to SMEs reach nearly $140 million
The Credit Guarantee Corporation of Cambodia (CGCC) provided credit guarantees of $139.5 million to businesses for their working capital expansion as of July 2023. ...
Chea Vanyuth
https://www.khmertimeskh.com/501346090/credit-guarantees-to-smes-reach-nearly-140-million/
Preah Sihanouk, Thai delegation discuss investment potential
Preah Sihanouk Provincial Administration received a delegation from the Thai Enterprise Development Division to discuss investment potential in the province. ...
Khmer Times Staff
https://www.khmertimeskh.com/501345427/preah-sihanouk-thai-delegation-discuss-investment-potential/
Thailand’s PTT Oil plans aviation fuel depot
Public-listed Thai conglomerate PTT Oil and Retail (OR) will be investing $100 million to develop an oil depot for aviation refuelling at Techo International Airport (TIA), Phnom Penh’s new airport, where first phase operation is scheduled in mid 2024. ...
May Kunmakara
https://www.phnompenhpost.com/author/may-kunmakara/17732
ASEAN economic ministers ‘optimistic’
Geopolitical tensions could disrupt international trade and supply chain links, blocking efficiency gains derived from globalisation, ASEAN economic ministers (AEM) said at their 55th regional meeting. ...
Ry Sochan
https://www.phnompenhpost.com/national/asean-economic-ministers-optimistic
Cambodia, Laos launch KHQR-LAOQR cross-border payments
The National Bank of Cambodia (NBC) and Bank of the Lao PDR (BOL) on Friday launched the cross-border payment via QR Code in Laos in the first phase, said a statement. ...
Kang Sothear
https://www.khmertimeskh.com/501345965/cambodia-laos-launch-khqr-laoqr-cross-border-payments/
Exports to Vietnam grow to $1.6B in first 7 months
Exports from Cambodia to Vietnam have recorded steady growth, rising 20.6 per cent year-on-year to $1.6 billion in the first seven months of 2023 from $1.3 billion, although trade balance dipped one per cent to $3.8 billion from the year prior. ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-vietnam-grow-16b-first-7-months
Cambodia-India ties strengthening
Ambassador Devyani Khobragade highlighted the increased business interactions aimed at bolstering bilateral trade. ...
Samban Chandara
https://www.phnompenhpost.com/national/cambodia-india-ties-strengthening
Tax revenue of $2.3b meets nearly 65% of GDT target
The continuous reform of tax procedures and understanding taxpayers have helped the tax revenue increase steadily, industry observers say. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-23b-meets-nearly-65-gdt-target
GDT raises taxes on non-alcoholic beverages
The General Department of Taxation (GDT) has announced new tax rates on locally-produced, non-alcoholic beverage products, according to the Ministry of Economy and Finance (MEF). ...
Mon Sokeo
https://kiripost.com/stories/gdt-raises-taxes-on-non-alcoholic-beverages
Kampong Speu anticipates business boom, 25 factories
Kampong Speu is gearing up for a business boom, with the provincial administration recently revealing plans to set up 25 new factories and enterprises later this year. ...
Kim Yutharo
https://www.phnompenhpost.com/business/kampong-speu-anticipates-business-boom-25-factories
Cambodian apparel, knitted & non-knitted items exports fall
Cambodia exported apparel items, clothing accessories and knitted and non-knitted or crocheted items worth $4.5 billion in the first seven months this year—down by 20.6 per cent year on year from $5.6 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501344357/cambodian-apparel-knitted-non-knitted-items-exports-fall/
Chinese firm to pump in $12.7B to Cambodia’s agri sector
The Chinese state-owned firm Danong Agricultural Development Group plans to invest $12.7 billion in Cambodia to transform the latter’s agriculture into digital smart agriculture, stock and regional transit hub for agricultural products that will produce different agricultural products to the Chinese market, said an official ...
Kang Sothear
https://www.khmertimeskh.com/501343619/chinese-firm-to-pump-in-12-7b-to-cambodias-agri-sector/
Investment opportunities in Cambodia unveiled
Top officials of Cambodia’s highest decision-making body for private and public investments on Friday presented key potential opportunities and challenges for investment in the country to Cambodian tycoons and foreign businesspeople. ...
Kang Sothear
https://www.khmertimeskh.com/501342478/investment-opportunities-in-cambodia-unveiled/
Cambodia pushes for investment hub status in ASEAN
Investment-friendly tax and investment laws and incentives, as well as the industrial development policy, are geared towards making Cambodia an investment hub and centre for automotive and electronics manufacturing in Southeast Asia. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-pushes-for-investment-hub-status-in-asean
Stimulating FDI to strengthen Cambodia’s economy
Despites the ongoing Covid-19 crisis and geopolitical tensions, foreign direct investment (FDI) inflows to Cambodia remain stable, attracting $3.6 billion last year, a senior official said on Friday. ...
Prak Chan Thul
https://kiripost.com/stories/stimulating-fdi-to-strengthen-cambodias-economy
Chinese FM’s visit to Cambodia crucial to deepening strategic partnership, says expert
Chinese Foreign Minister Wang Yi’s visit to Cambodia is crucial to deepening the China-Cambodia comprehensive strategic partnership of cooperation, showing China’s commitment to fostering stronger ties with its neighbors, a Cambodian expert said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501342944/chinese-fms-visit-to-cambodia-crucial-to-deepening-strategic-partnership-says-expert/
Battambang attracts over 2.31 million tourists in five years
The Battambang province attracted approximately 2,315,126 local tourists and 256,561 international tourists during the last five years, a press release of the Ministry of Information (MoI) said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501342421/battambang-attracts-over-2-31-million-tourists-in-five-years/
Cambodia, Laos ink MoU for securities market development
The Securities and Exchange Regulator of Cambodia (SERC) signed a Memorandum of Understanding (MoU) with the Lao Securities Commission Office (LSCO) to collaborate in the regulation and development of securities markets in both countries, said an official. ...
Kang Sothear
https://www.khmertimeskh.com/501342653/cambodia-laos-ink-mou-for-securities-market-development/
Cambodia GFT exports at $6.27 billion in 7 months
Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods extended its lean patch into the seventh month of the year, as the exports recorded a decline of 20.44 percent in the January to July period of 2023. ...
Manoj Mathew
https://www.khmertimeskh.com/501342930/cambodia-gft-exports-at-6-27-billion-in-7-months/
Canada imports nearly 769,000 knitted coats from Cambodia
Canada imported nearly 769,000 knitted coats from the Kingdom during the January-May period of the current year, according to a website, which tracks the developments in the textile industry. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501342646/canada-imports-nearly-769000-knitted-coats-from-cambodia/
Pakistan eager to boost trade, investment relations with ASEAN
A five-member delegation from Cambodia attended the ASEAN-Pakistan Business Opportunities Conference 2023, which concluded in Lahore, Pakistan, on Friday. ...
Adur Pradeep
https://www.khmertimeskh.com/501342387/pakistan-eager-to-boost-trade-investment-relations-with-asean/
Cambodia sets ambitious targets to boost cashew processing and exports
Cambodia is trying to establish itself as a leading cashew-producing and exporting country through its National Policy on Cashew 2022–2027. The government aims to boost cashew output, develop processing facilities, diversify export markets, and simplify trade facilitation programs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501342976/cambodia-sets-ambitious-targets-to-boost-cashew-processing-and-exports/
Cambodia’s exports earn $13 billion in January-July period
Cambodia exported $13.525 billion worth of goods to international markets in the January-July period of 2023, a year-on-year decrease of 2 percent, a report of the General Department of Customs and Excise showed on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501341450/cambodias-exports-earn-13-billion-in-january-july-period/