Economy and commerce
Jan-May footwear exports run past $700M
Cambodian exports of footwear and related items topped $700 million in the first five months of 2022, representing gains of more than a third from the same period last year, in an upswing expected to continue as international tourism flows return to pre-Covid-19 levels. ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-may-footwear-exports-run-past-700m
Projects worth nearly $24 million approved by CDC
The Council for the Development of Cambodia (CDC) has just approved four new investment projects with a total investment of nearly $24 million that will create more jobs in the country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501093977/projects-worth-nearly-24-million-approved-by-cdc/
Kingdom’s exports increase by 34 percent in Jan-May
Cambodia’s exports increased during the first five months of this year, which reflected the revival of production chains in the garment and non-garment sectors after a successful vaccination campaign and easing of the pandemic. ...
Chea Vanyuth
https://www.khmertimeskh.com/501093434/kingdoms-exports-increase-by-34-percent-in-jan-may/
Cambodia’s international trade up almost 20 pct in 5 months
Cambodia’s total trade volume was valued at $22.4 billion in the first five months of 2022, up 19.7 percent from 18.7 billion dollars over the same period last year, an official report showed on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501093744/cambodias-international-trade-up-almost-20-pct-in-5-months/
Spirits raised: PM announces salary hikes after two-year freeze
After enduring the trials and tribulations caused by the Covid-19 pandemic, civil servants in the Kingdom have something to rejoice at last. Prime Minister Hun Sen announced yesterday they would all be given a pay rise after a two-year freeze due to the pandemic. ...
Tith Kongnov
https://www.khmertimeskh.com/501093428/spirits-raised-pm-announces-salary-hikes-after-two-year-freeze/
Cambodia's rice exports to ASEAN increase by 9 per cent over last year
Cambodia has exported over 25,000 tonnes of milled rice to ASEAN countries in the first five months of this year, an increase of 9 per cent compared to the same period last year. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodias-rice-exports-asean-increase-9-cent-over-last-year
Kingdom receives over $3M grant for Japan scholarships
The Japanese government has agreed to provide a grant of over $3 million to Cambodia to stimulate human resources and socio-economic development and further promote existing cooperative ties between the two nations. ...
Lay Samean
https://www.phnompenhpost.com/national/kingdom-receives-over-3m-grant-japan-scholarships
859 percent rise in Angkor Park visitors
Cambodia’s famous Angkor Archaeological Park attracted 45,779 foreign tourists in the first five months this year, up a whopping 859 percent compared to the same period last year. ...
Sok Sithika
https://www.khmertimeskh.com/501091534/859-percent-rise-in-angkor-park-visitors/
The Cambodia-South Korea Free Trade Agreement: Increasing potential for downstream sectors
The Cambodia-South Korea Free Trade Agreement can help boost Cambodian exports of garments, textiles, and footwear to South Korea. The agreement also presents opportunities for value-added investments in Cambodia’s downstream processing industries through a ‘plus one business model’, in which South Korean companies could expand ...
Khmer Times Staff
https://www.khmertimeskh.com/501090924/the-cambodia-south-korea-free-trade-agreement-increasing-potential-for-downstream-sectors/
Phnom Penh attracts 1,000 construction projects worth over $2.26 billion
Phnom Penh has so far attracted around 1,000 new investment projects covering a construction area of 4.63 million square metres, with an investment capital of over U$2.26 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501090915/phnom-penh-attracts-1000-construction-projects-worth-over-2-26-billion/
Int’l air tourists to Cambodia surge 244 percent Q1
The number of foreign tourists arriving in Cambodia by air increased remarkably in 2022 after the government lifted Covid-19 restrictions, the Ministry of Tourism has said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501089249/intl-air-tourists-to-cambodia-surge-244-percent-q1/
$150 million aid distributed to revive tourism industry
Cambodia Hotel Association (CHA) has distributed $150 million financial aid from the government to revive the country’s tourism sector hit by the Covid-19 pandemic, a senior official said. ...
Kang Sothea
https://www.khmertimeskh.com/501089253/150-million-aid-distributed-to-revive-tourism-industry/
Cambodia’s famed Angkor sees more than 45,000 international tourists in first 5 months
Cambodia’s famed Angkor Archaeological Park had attracted 45,779 foreign tourists in the first five months of 2022, up 859 percent compared to the same period last year, said a press statement on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501090252/cambodias-famed-angkor-sees-more-than-45000-international-tourists-in-first-5-months/
Over 1,834 SMEs benefit from $221 million loans
The SME Bank of Cambodia has said 1,834 small and medium-sized enterprises (SME) benefitted from loans under the phase II financing scheme as of May 31 this year, which involved $221 million – about 92 percent of the total funding budget of $240 million. ...
Sok Sithika
https://www.khmertimeskh.com/501089865/over-1834-smes-benefit-from-221-million-loans/
CARD, UN on nutrition drive
The Council for Agricultural and Rural Development (CARD), in collaboration with the UN World Food Programme (WFP), have launched a dissemination strategy for the SUN Business Network (SBN) – a key part of the global Scaling Up Nutrition (SUN) Movement – in a bid to ...
Mom Kunthear
https://www.phnompenhpost.com/national/card-un-nutrition-drive
More new industries register as economic activities pick up in Cambodia
A number of new industrial factories registered in the first period of 2022 increased remarkably, reflecting the confidence of investors in Cambodia after the country allowed the resumption of its socio-economic activities, said a senior official. ...
Chea Vanyuth
https://www.khmertimeskh.com/501086192/more-new-industries-register-as-economic-activities-pick-up-in-cambodia/
Gov’t to issue bonds worth $300 million this month
The Cambodian government plans to issue bonds worth 1.2 trillion riels, equivalent to approximately $300 million, for the first time this month for creating a new source of public financing and a new financial instrument for investors in the securities market. ...
Sok Sithika
https://www.khmertimeskh.com/501086195/govt-to-issue-bonds-worth-300-million-this-month/
Foreign tourist arrivals increase by 191 percent in Q1
The number of international tourists has seen a sharp increase by 191 percent or 241,485 in the January-April period this year, a positive sign for the tourism recovery since Cambodia announced to fully reopen the country in November last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501087385/foreign-tourist-arrivals-increase-by-191-percent-in-q1/
Jan-May CDC approvals $2.66B
The Council for the Development of Cambodia (CDC) on May 31 announced that it had greenlit final registration certificates to four textile-related projects worth a total of about $17 million that are set to create 4,990 jobs. ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-may-cdc-approvals-266b
Entrepreneurship, Start-ups and Innovation Knowledge Lab launched
The Economic Research Institute for ASEAN and East Asia, in partnership with the Asian Network, launched last week a new ERIA initiative to promote inclusive economic development through entrepreneurship and innovation across ASEAN and East Asia: the E-S-I Knowledge Lab. ...
Khmer Times Staff
https://www.khmertimeskh.com/501086558/entrepreneurship-start-ups-and-innovation-knowledge-lab-launched/
China Cambodia’s largest milled-rice buyer in 5 months with 52.69% share
China has topped the list of buyers of Cambodian milled rice for the first five months of 2022, accounting for more than half of the Kingdom’s total exports of the commodity, which has seen a nearly 22 per cent year-on-year surge overall. ...
Hom Phanet
https://www.phnompenhpost.com/business/china-cambodias-largest-milled-rice-buyer-5-months-5269-share
First France-Cambodia business forum set for Jun 9-10
The first France-Cambodia Business Forum, scheduled for June 9-10 in Phnom Penh, seeks to promote investment, increase cooperation and expand bilateral trade between the Kingdom and its former colonial power, according to organisers. ...
Hom Phanet
https://www.phnompenhpost.com/business/first-france-cambodia-business-forum-set-jun-9-10
Soybean, mung bean exports double on-year
Cambodia exported a total of 64,660 tonnes of soybeans and mung beans in the first four months of this year, roughly doubling from the same period in 2021, with more than 96.5 per cent bought by Vietnam, according to the agriculture ministry. ...
Hin Pisei
https://www.phnompenhpost.com/business/soybean-mung-bean-exports-double-year
Q1 Hungary trade reaches $2.23M
Cambodia and Hungary on May 27 reaffirmed their vows to strengthen and further develop economic and trade cooperation after a reported dip in trade last year pinned on the global Covid-19 crisis. ...
Nov Sivutha
https://www.phnompenhpost.com/business/q1-hungary-trade-reaches-223m