Economy and commerce

CMA CGM Group, the third largest container shipping company worldwide and number one in France, is slated to launch the Yangon Cambodia Express (YCX), creating a direct link between Myanmar, Cambodia, Singapore and Malaysia, and industry insiders are hailing the service as a promising new ...

Trade volume between Cambodia and China reached $14.5 billion this year, an increase of 19 percent compared to last year, said Prime Minister Hun Sen today. ...

The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about “win-win” cooperation and is “not a zero-sum game,” a Cambodian government official has said. ...

Cambodia’s microfinance sector recorded over 20 percent growth both in terms of loans and deposits by the end of 2022 compared to the same period in 2021, despite the Covid-19 pandemic and the war in Ukraine, according to the Cambodia Microfinance Association (CMA). ...

Rising demand from the US has contributed to faster growth of the travel goods (TG) industry in Cambodia in comparison to the garment industry for some time, reveal recent estimates. ...

The Cambodia Special Economic Zone Committee of the Council for the Development of Cambodia (CDC) issued the certificate of registration for four companies. ...

In its Cambodia Economic Update, the World Bank has said that the country’s commercial real estate sector faces increased risks as financial conditions tighten. ...

Cambodian Prime Minister Hun Sen said here on Monday that China’s aid has greatly contributed to the socioeconomic development and poverty reduction in the Southeast Asian country. ...

Both RCEP and the CCFTA have been in effect since January 2022. “RCEP and the CCFTA are all free trade agreements that mutually open the market in all participating countries, thus giving farmers choices to export their agricultural products to various countries,” he told Xinhua ...

Investing in and empowering young people is vital for members of the Regional Comprehensive Economic Partnership free trade pact to shore up sustained growth and accelerate global economic recovery amid the ravaging COVID-19 pandemic, leading scholars and media executives said. ...

One year on, the Regional Comprehensive Economic Partnership (RCEP) trade deal and the Cambodia-China Free Trade Agreement (CCFTA) have injected a vital impetus to Cambodia’s trade growth in the post COVID-19 pandemic era, an official and experts said. ...

The National Bank of Cambodia (NBC) and the State Bank of Vietnam (SBV) have agreed to strengthen bilateral cooperation through exchange of experience on economy and banking system. ...

Cambodia is set to receive a $274 million credit from the World Bank (WB) “to promote a resilient recovery from the recent economic shocks” stemming from ongoing geopolitical competition among major powers and the Covid-19 crisis, more than two years on from the start of ...

The Cambodian economy, which is projected to register a growth of 5 percent this year, is set to grow by 5.5 percent in 2023, according to the 2022 Annual Consultation Report on Cambodia published by the ASEAN+3 Macroeconomic Research Office (AMRO) yesterday. ...

From January to October 2022, Cambodia saw a revenue of more than $3 billion from the exports of agricultural products, said the Ministry of Agricultural. ...

Huadian Sihanoukville Power Generation Co Ltd (HSPGC), under China’s Huadian Overseas Investment Co Ltd, on December 16 officially put online the “number-two unit” of its 700MW coal-fired HSPGC Power Plant in Preah Sihanouk province, after a successful commissioning test, making it the largest power station ...

The bilateral merchandise trade volume between Cambodia and Japan totalled $1.789 billion in the first 11 months of 2022, rising by 13.11 per cent on-year, with Cambodian exports accounting for a 59.76 per cent share, down by 1.74 percentage points on a yearly basis, according ...

Cambodia-Republic of Korea (ROK) bilateral trade rose by 4 percent to $659 million in the first ten months of this year, compared to the same period last year. ...

Hun Sen, Prime Minister of the Kingdom of Cambodia, spoke highly of the investment direction of Charoen Pokphand (CP) Group and Soma Group on clean energy production in Cambodia. ...

Prime Minister Hun Sen on Wednesday urged the officials of the Association of Southeast Asian Nations (ASEAN) and European Union (EU) to expedite the establishment of the EU-ASEAN Free Trade Agreement (EU-ASEAN FTA) after the leaders of the two regional organisations had reaffirmed the deal ...

Cambodia and the European Union (EU) have agreed and been committed to continue their good dialogue and close cooperation in the spirit of helping, complementing and respecting each other. ...

Cambodia’s apparel exports increased by 16.56 per cent year-on-year to $8.366 billion during January-November 2022. This constituted 40.89 per cent of Cambodia’s total foreign income of $20.457 billion during the period under review, according to data from the general department of customs and excise under ...

ASEAN is confident that the goal of establishing a single market would not be far, and the bloc will continue to aim for it for the common interest of its people and leaving no one behind. ...

The General Department of Taxation (GDT) announced that it collected 13.01693 trillion riel, or $3.21406 billion, of tax revenues in the first 11 months of 2022, equivalent to 113.99 per cent of the full-year target of $2.81955 billion, reflecting improvements in economic activity post-Covid-19. ...