Economy and commerce

MoU signed to strengthen Cambodia’s SME sector

The European Chamber of Commerce and Cambodia Women Entrepreneurs Association (CWEA) have united to promote a sustainable ecosystem for entrepreneurs and SMEs while also boosting Cambodia’s exposure as a foreign investment destination. ...

Mao Sreypich
https://kiripost.com/stories/mou-signed-to-strengthen-cambodias-sme-sector

Cambodia temporarily bans imports of asbestos-contained talc baby powder

Cambodia has temporarily halted the imports and distribution of several brands of talc baby powder after asbestos has been detected in those products, the directorate-general of Consumer Protection, Competition and Fraud Repression (CCF) said on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501137845/cambodia-temporarily-bans-imports-of-asbestos-contained-talc-baby-powder/

$17M investment projects in Kandal, P Sihanouk provinces

Aiding the job prospects and investment potential in two provinces in the country, the Council for the Development of Cambodia (CDC) gave approval for four new investment projects worth $17 million. ...

Adur Pradeep
https://www.khmertimeskh.com/501135969/17m-investment-projects-in-kandal-p-sihanouk-provinces/

Cambodia attracts over 740,000 international tourists in first 7 months

Cambodia received over 740,000 international visitors in the first seven months of this year, a 560 percent growth compared with 2021. The country aims to attract at least 1 million international tourists in the whole year, driven by the resumption of socioeconomic activities at major ...

Khmer Times Staff
https://www.khmertimeskh.com/501136637/cambodia-attracts-over-740000-international-tourists-in-first-7-months/

MEF calling for loans to SMEs with no collateral

The Ministry of Economy and Finance (MEF) and Credit Guarantee Corporation of Cambodia Plc (CGCC) are encouraging banks and microfinance institutions (MFI) to use credit guarantee mechanisms to boost financial inclusion and help expand small- and medium-sized enterprises (SME) by issuing loans to businesses that ...

Hom Phanet
https://www.phnompenhpost.com/business/mef-calling-loans-smes-no-collateral

UN agency signs deal to help develop securities sector

The Cambodian securities sector sees tailwinds after the regulator, the bourse and the UN’s capital investment agency for the least developed countries entered into a partnership on development through technical assistance. ...

Hin Pisei
https://www.phnompenhpost.com/business/un-agency-signs-deal-help-develop-securities-sector

COVID-19 vaccines boost Cambodia’s economic growth: PM

Covid-19 vaccines have helped boost Cambodia’s economic recovery and growth since last November, the country’s Prime Minister Hun Sen said on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501135168/covid-19-vaccines-boost-cambodias-economic-growth-pm/

Cambodia’s SMEs battle string of challenges

The Director General of the National Bank of Cambodia, Chea Serey, said on Thursday that Cambodian SMEs face a number of challenges that range from a lack of human resources and market capitalization, to access to credit. ...

Mao Sreypich
https://kiripost.com/stories/cambodias-smes-battle-string-of-challenges

Almost $6 billion Cambodia-US trade registered in first seven months

Bilateral trade between Cambodia and the US was amounted to $5.892 billion in the first seven months of 2022, up 45 percent compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501134336/almost-6-billion-cambodia-us-trade-registered-in-first-seven-months/

SME Co-Financing Scheme II nearly runs out of budget

Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has released nearly $234 million to 1,981 small and medium enterprises (SMEs) in various sectors across the country through SME Co-Financing Scheme II (SCFS II) from mid-August last year to July this year, according to ...

Kang Sothear
https://www.khmertimeskh.com/501132349/sme-co-financing-scheme-ii-nearly-runs-out-of-budget/

The National Minimum Wage Council has started talks to consider raising the $194 monthly salary of garment workers

Unions representing garment workers in Cambodia are seeking a monthly wage hike of between $20 and $50 for their members in talks with the Garment Manufacturers Association in Cambodia (GMAC) that started yesterday. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501132343/the-national-minimum-wage-council-has-started-talks-to-consider-raising-the-194-monthly-salary-of-garment-workers/

Cambodia begins talks over 2023 wage hike for garment, footwear, travel goods sector

Cambodia’s national council on minimum wage on Monday began to discuss the annual increase of monthly minimum wage for the garment, footwear and travel goods industry for 2023, according to a statement from the council. ...

Khmer Times Staff
https://www.khmertimeskh.com/501132736/cambodia-begins-talks-over-2023-wage-hike-for-garment-footwear-travel-goods-sector/

Cambodia exports rubber worth almost $255 million in first 7 months of 2022

Cambodia exported 161,562 tons of dry rubber in the first seven months of 2022, a slight drop of 0.3 percent year-on-year, said a General Directorate of Rubber report on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501131275/cambodia-exports-rubber-worth-almost-255-million-in-first-7-months-of-2022/

21% rise in Cambodia’s trade, US the biggest export market

Cambodia’s international trade rose to $32.82 billion in the first seven months of this year, a year-on-year increase of 21.3 percent, and the United States is the biggest market for the country accounting for 43 percent of the Kingdom’s total exports. ...

Manoj Mathew
https://www.khmertimeskh.com/501130562/21-rise-in-cambodias-trade-us-the-biggest-export-market/

Cambodia-China trade volume surges 15.6% to $6.97 billion

The trade volume between Cambodia and China surged 15.6 percent year-on-year to $6.97 billion in the first seven months of this year, a General Department of Customs and Excise report said. ...

Adur Pradeep
https://www.khmertimeskh.com/501130690/cambodia-china-trade-volume-surges-15-6-to-6-97-billion/

112 new factories open in Cambodia in first 7 months of 2022

Some 112 new factories, with a total investment of $1.19 billion, had opened in Cambodia during the first seven months of 2022, an industry ministry spokesperson said here on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130941/112-new-factories-open-in-cambodia-in-first-7-months-of-2022/

Cambodia’s manufacturing output hits $7.57 billion

Cambodia’s manufacturing output hit $7.57 billion U.S. dollars in the first half of 2022, a remarkable increase of 75 percent year on year, an industry ministry spokesperson said here on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130948/cambodias-manufacturing-output-hits-7-57-billion/

Almost 2,000 factories registered in Cambodia in first seven months

The number of factories, ranging from producing clothes to electronic devices reached 1,947 as of July this year, employing more than 1 million people, of them some 76 percent are women. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130962/almost-2000-factories-registered-in-cambodia-in-first-seven-months/

Cambodian banana exports may reach 500,000 tons in 2022

The Cambodian Banana Association Alliance held a symposium for member companies in Phnom Penh on August 6. More than 50 representatives from alliance member companies and guests from all sectors attended the event. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130239/cambodian-banana-exports-may-reach-500000-tons-in-2022/

Cambodia’s international trade up 21 percent in January-July

Cambodia’s international trade was amounted to $32.82 billion in the first seven months of this year, a year-on-year increase by 21.3 percent. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130188/cambodias-international-trade-up-21-percent-in-january-july/

Cambodia-China trade up 15.6 pct in first 7 months

Trade volume between Cambodia and China was valued at $6.97 billion in the first seven months of 2022, up 15.6 percent year-on-year, according to the General Department of Customs and Excise’s report released on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501130174/cambodia-china-trade-up-15-6-pct-in-first-7-months/

Cambodia’s garment manufacturers group worries over drop in purchase orders from West

The Garment Manufacturers Association in Cambodia (GMAC) on Wednesday expressed concern over a decline in purchase orders from Western countries for the second half of 2022.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/501130181/cambodias-garment-manufacturers-group-worries-over-drop-in-purchase-orders-from-west/

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