Economy and commerce

Eight women entrepreneurs from Confederation of Real Estate Developers Association of India (Credai), Chennai, will be part of a women’s delegation to Cambodia to foster collaborations with various business bodies. ...

Cambodia has exported goods worth $4.59 billion to member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first seven months of 2023, a 21 percent increase compared to the same period of the previous year, said a statement by the Ministry of Commerce ...

Cambodia earned around $125 million from automotive tire exports in the first half of this year, according to a report from the Council for Development of Cambodia (CDC) report. ...

The two-way trade between ASEAN and India reached $113 billion in 2022, a year-on-year increase of 23.4 per cent, according to the preliminary ASEAN statistics. ...

The Ministry of Tourism announced the implementation of the “Siem Reap Provincial Tourism Promotion and Attraction Strategic Plan 2023-2026”, which is part of the “Siem Reap Tourism Development Master Plan 2021-2035”. ...

Trade between Cambodia and mainland China will reach over $12 billion by the end of this year and both sides are working hard to achieve this annual target, said Reach Ra, Secretary of State at the Ministry of Commerce, recently. ...

The new Royal Government of Cambodia in the Seventh Legislature of the National Assembly (NA) will officially assume office today evening under the leadership of Mr Hun Manet who will succeed as the new Prime Minister. ...

Indonesia’s state food procurement firm, Bulog, is looking to import rice from Cambodia and Myanmar to bolster government stocks as the country braces for potential disruptions in rice output due to the El Nino weather pattern. ...

Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries reached $4.59 billion in the first seven months of this year, marking a significant 21% growth compared to the same period last year, according to data from the Ministry of Commerce. The boost in exports ...

The new Royal Government under the leadership of Prime Minister Hun Manet will continue to boost the national economic growth, improve the living standard of the citizens and commit to developing and strengthening the social protection system, said King Norodom Sihamoni. ...

Rice exporters and millers in Cambodia say the price of white rice is soaring after India suspended exports of non-basmati rice in order to address internal food security issues following the falling yield of paddy rice due to climate change. ...

Cambodia continues to face unique challenges for diversifying goods and boosting domestic production for export. ...

The Kingdom’s raw cashew production in the first seven months of the year reached only 620,000 tonnes, a decline of 15.9 percent compared to the same period last year while Vietnam remained the top buyer, importing around 95.32 percent of all raw cashew produced in ...

Demand for industrial property in 2023 is rising compared to 2022, said Stephen Suen, long-time commercial and industrial property expert and co-owner-operator of Yi Fung Real Estate Services in Phnom Penh since 2015. ...

Cambodia earned $385 million from the exports of rubber and rubber articles in the first seven months of the year, recording an increase of 43 percent compared to the same period last year, showed the latest trade data of the General Department of Customs and ...

Cambodia’s export through Special Economic Zones (SEZs), mostly non-garment manufacturing products, reported growth in the first six months of this year. ...

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. ...

Preah Sihanouk Provincial Administration  received a delegation from the Thai Enterprise Development Division to discuss investment potential in the province. ...

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. ...

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. ...

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. ...

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. ...

Ambassador Devyani Khobragade highlighted the increased business interactions aimed at bolstering bilateral trade. ...

The continuous reform of tax procedures and understanding taxpayers have helped the tax revenue increase steadily, industry observers say. ...