Economy and commerce
Cambodia to further augment its digitisation efforts
There has been significant growth in digitisation across the world in recent years and the Covid-19 pandemic only accelerated the process. Cambodia too has been called up to step up investments in the sector to build capacity matching international standards. ...
Kang Sothear
https://www.khmertimeskh.com/501084801/cambodia-to-further-augment-its-digitisation-efforts/
Ministry of Finance says the issuance of $300 million in securities is scheduled for June
The Royal Government of Cambodia plans to officially issue $300 million in securities this month. This is according to Mang Sopheara, Deputy Director General of the General Department of International Cooperation and Debt Management of the Ministry of Economy and Finance and a member of ...
Khmer Times Staff
https://www.khmertimeskh.com/501085891/ministry-of-finance-says-the-issuance-of-300-million-in-securities-is-scheduled-for-june/
Cambodia, Hungary to strengthen trade ties
Cambodia and Hungary agreed to enhance economic and trade cooperation at a meeting held recently at the Ministry of Commerce (MoC) after bilateral trade between the two countries re-bounced this year, according to a release. ...
Kang Sothear
https://www.khmertimeskh.com/501084798/cambodia-hungary-to-strengthen-trade-ties/
Investors go on trust law education drive
Prominent Cambodian-based investors are joining forces to shed light on the Law on Trust and advertise the Kingdom’s investment environment, to make up for missed opportunities due to the Covid-19 pandemic as the local outbreak remains under control. ...
Rann Reuy
https://www.phnompenhpost.com/business/investors-go-trust-law-education-drive
Cambodia promotes economic literacy for non-economists
The Royal Government of Cambodia is promoting the economic literacy for non-economists. An 11-day workshop on the topic was conducted recently in hybrid format by professors and experts from Crawford School of Public Policy, Australian National University (ANU). ...
Khmer Times Staff
https://www.khmertimeskh.com/501085151/cambodia-promotes-economic-literacy-for-non-economists/
PM Hun Sen says RCEP best example of open, inclusive, rules-based trading system
The Regional Comprehensive Economic Partnership (RCEP) free trade pact is the best example of an open, inclusive and rules-based trading system, Cambodian Prime Minister Hun Sen said on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501083969/pm-hun-sen-says-rcep-best-example-of-open-inclusive-rules-based-trading-system/
Partners to produce hydrogen from hydropower in Cambodia and Malaysia
PESTECH International Berhad and Hydrogene De France SA have signed a memorandum of understanding to collaborate on green hydrogen production from hydropower plants in Cambodia and Malaysia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501083121/partners-to-produce-hydrogen-from-hydropower-in-cambodia-and-malaysia/
Four other investment projects worth more than $8 million approved by CDC
The Council for the Development of Cambodia (CDC) has approved four new investment projects with a total capital of $8.4 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501083098/four-other-investment-projects-worth-more-than-8-million-approved-by-cdc/
Chinese firm set to invest $300M into S’ville SEZ’s largest tyre plant
Chinese company “Jiangsu General Science Technology Co Ltd” has invested nearly $300 million to build the largest tyre factory in the Sihanoukville Special Economic Zone (SSEZ), according to Beijing’s embassy in Phnom Penh. ...
Hom Phanet
https://www.phnompenhpost.com/business/chinese-firm-set-invest-300m-sville-sezs-largest-tyre-plant
Tax revenue reaches 29% of 2022 goal by end-April
Cambodia earned more than $1.502 billion from tax collection in the first four months of 2022, an increase of over $340 million or 29.36 per cent year-on-year, a feat observers believe reflects recovery and encouraging results from the government’s push started in early November towards ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-reaches-29-2022-goal-end-april
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501082487/cambodia-south-korea-free-trade-agreement-increasing-potential-for-downstream-sectors/
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/501082487/cambodia-south-korea-free-trade-agreement-increasing-potential-for-downstream-sectors/
Myanmar, Cambodia expedite talks on two trade cooperation deals
Citing low bilateral trade volume, Myanmar and Cambodia are expediting talks on two draft agreements to raise trade cooperation. Cambodian commerce minister Pan Sorasak recently called on the two sides for more discussions on economic and trade progress “within the regional and bilateral frameworks aimed ...
Khmer Times Staff
https://www.khmertimeskh.com/501081773/myanmar-cambodia-expedite-talks-on-two-trade-cooperation-deals/
PPSP revenue grows 153%, net loss narrows 26% in Q1
Public-listed special economic zone (SEZ) developer Phnom Penh SEZ Plc (PPSP) has reported a sharp increase in total revenue and lower net loss in the first quarter of 2022, a filing with Cambodia Securities Exchange (CSX) showed. ...
May Kunmakara
https://www.phnompenhpost.com/business/ppsp-revenue-grows-153-net-loss-narrows-26-q1
ACLEDA, ABA to facilitate Port EDI payment service
The Ministry of Public Works and Transport will sign a memorandum of understanding (MoU) with ACLEDA Bank and ABA Bank to facilitate the payment of public service fees via Port EDI, an electronic data exchange system. ...
Hom Phanet
https://www.phnompenhpost.com/business/acleda-aba-facilitate-port-edi-payment-service
Hun Sen invites WEF Executive Chairman to attend ASEAN Global Dialogue in Phnom Penh
Prime Minister Hun Sen has invited Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), to attend the 2nd ASEAN Global Dialogue to be held in Phnom Penh in November this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501081718/hun-sen-invites-wef-executive-chairman-to-attend-asean-global-dialogue-in-phnom-penh/
Cambodia’s MSME sector faces $3.7 billion funding shortage
The Micro, Small and Medium Entreprises (MSME) sector in Cambodia faces a funding shortage to the tune of $3.7 billion, said Tommy Boukhris, Asian Venture Philanthropy Network (AVPN) Cambodia Advisor and Senior Consultant & Portfolio Manager, EMC. ...
Manoj Mathew
https://www.khmertimeskh.com/501080862/cambodias-msme-sector-faces-3-7-billion-funding-shortage/
Cambodia to focus more on growth in exports
Prime Minister Hun Sen said that Cambodia has been boosting exports of manufacturing products – both garment and non-garment – and domestic tourism to support strong economic growth. ...
Chea Vanyuth
https://www.khmertimeskh.com/501080718/cambodia-to-focus-more-on-growth-in-exports/
PM: Cambodia encourages openness and strengthening of economic integration
Prime Minister Hun Sen has stated that with the subsequent easing of administrative and health measures, Cambodia encourages openness and strengthening of economic integration by promoting investment, trade, by fully implementing free trade agreements. ...
Khmer Times Staff
https://www.khmertimeskh.com/501081202/pm-cambodia-encourages-openness-and-strengthening-of-economic-integration/
Cambodia, Singapore vow to ramp up cooperation
Cambodia and Singapore have pledged to step up cooperation to bolster bilateral trade, after registering more than $5.2 billion last year, marking a nearly 50 per cent jump over 2020. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-singapore-vow-ramp-cooperation
Cambodia, Myanmar expedite trade deals
Cambodia and Myanmar are in the process of expediting negotiations on two important draft agreements in a bid to swiftly increase trade cooperation with each other, citing low bilateral trade volume. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodia-myanmar-expedite-trade-deals
Malaysia trade surges by over one-third in Jan-Apr
Bilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. ...
Hin Pisei
https://www.phnompenhpost.com/business/malaysia-trade-surges-over-one-third-jan-apr
Cambodia, Singapore to boost trade cooperation
Cambodia and Singapore have agreed to work together to further boost their bilateral trade. ...
Khmer Times Staff
https://www.khmertimeskh.com/501079447/cambodia-singapore-to-boost-trade-cooperation/
CDC approves two investment projects worth over $6 million
Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of $6.1 million in Takeo and Kampong Speu. ...
Khmer Times Staff
https://www.khmertimeskh.com/501079441/cdc-approves-two-investment-projects-worth-over-6-million/