Economy and commerce

Cambodia exported $20,457 million worth of goods in the January-November period of this year, an increase of almost 18.1 percent compared to the same period in 2021, according to a report from the General Department of Customs and Excise report yesterday. ...

Cambodia have imported oil and gas products worth $3.38 billion in the first 11 months of 2022, up almost 58 percent over the same period last year, a report from the General Department of Customs and Excise said on Monday. ...

The World Bank has projected Cambodia’s economic growth will increase to 5.2 percent in 2023, aided by rising domestic consumption but slowed by slowing global trade growth ...

Cambodia have imported oil and gas products worth $3.38 billion in the first 11 months of 2022, up almost 58 percent over the same period last year, a report from the General Department of Customs and Excise said on Monday. ...

The volume of imports and exports of the Sihanoukville Special Economic Zone’s (SSEZ) tenants totalled $2.246 billion in the first 11 months of 2022, marking a 12.24 per cent rise year-on-year from $2.001 billion, statistics provided by the operator indicate. ...

The World Bank in its Cambodia Economic Update issued earlier this month said that the country’s Cambodia’s exports to the United States are more diversified than those to the EU. ...

China is an increasingly important export destination for Cambodia’s agricultural commodities, thanks to the Cambodia-China Free Trade Agreement (CCFTA), which went into effect on January 1, 2022. ...

Thailand’s apparel imports from Cambodia are likely to rebound during the current year, although they may still not touch pre-COVID levels. ...

Cambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released yesterday. ...

The Cambodia-Republic of Korea (ROK) Free Trade Agreement that has entered into force on Dec. 1 this year, will further enhance the current healthy bilateral economic cooperation, particularly on trade and investment. ...

The Asian Development Bank (ADB) has approved a $50m policy-based loan aimed at supporting the government of Cambodia to diversify the country’s economy and boost its global competitiveness. ...

Cambodia is preparing to ink a deal that will see South Korea offer $1.5 billion in loans to further develop the kingdom’s energy sector and infrastructure. ...

The World Bank in its Economic Update released Wednesday said the tourism and hospitality industries are likely to accelerate further, with projected increases in international arrivals and domestic tourists once the pandemic is becomes history. ...

ASEAN secretary-general Lim Jock Hoi expressed the bloc’s commitment to ensuring regional stability and prosperity amid a time of uncertainty and unprecedented challenges, through a road map adopted at the recent ASEAN Summit and related meetings. ...

The Council for the Development of Cambodia (CDC) has granted green light to a new investment project proposed by Textstar Garment (Cambodia) Co., Ltd. ...

The United States has some strict procedures and rules for food export, and Cambodia has the potential to utilise the huge American market for its food export, said experts. ...

A marked uptick in Indica rice exports to European markets is expected after Cambodia won a challenge against the European Commission’s (EC) 2019 decision to remove tariff preferences on imports of the rice from the Kingdom for three years, on grounds that the shipments were ...

The government has approved Maritime City Co Ltd’s proposal to build and operate a $164.4 million development in Preah Sihanouk province comprising a 582-room five-star hotel, a commercial centre and entertainment facilities. ...

The government has issued an open invitation to apply for a 155ha mineral exploration licence in northern Kampot province that officials claim has great investment potential for cement production. ...

Prime Minister Hun Sen said Cambodia needs a stable investment from Japan to produce more items in the country and then export back to the Japanese market to scale up the level of existing relations between the two countries. He emphasised more infrastructure development and ...

Cambodia has inked a deal to explore the possibilities to export renewable energy to Singapore by 2028 as part of its long-term strategy to achieve carbon neutrality by 2050. ...

Cambodia has won a legal battle after legally contesting the European Commission’s decision to revoke tariffs on rice imports from the Kingdom. ...

In the 10 months of 2022, Cambodia received more than 1.57 million international tourists, an increase of nearly 1,000 percent, compared to the same period last year. ...

Topics pertaining to economic and development cooperation between Cambodia and China came up during the 2nd China-Cambodia Economic and Trade Cooperation Forum held last week. ...