Royal Group PPSP sees four-fold increase in annual net profits in 2023

Royal Group Phnom Penh SEZ Plc. (RGPPSP) has recorded an almost four-fold increase in annual net profits for 2023 compared to 2022, according to a Cambodia Stock Exchange (CSX) bourse filing by the special economic zone (SEZ) developer last week. ...

James Whitehead
https://www.khmertimeskh.com/501438729/royal-group-ppsp-sees-four-fold-increase-in-annual-net-profits-in-2023/

Cambodia, Thailand to enlarge trade, investment ties

Cambodia and Thailand yesterday vowed to foster bilateral trade and investment by facilitating a better border-crossing mechanism for goods even as the two countries upgraded their ties to a strategic partnership. ...

Chea Vanyuth
https://www.khmertimeskh.com/501436273/cambodia-thailand-to-enlarge-trade-investment-ties/

PM Inks five deals to boost ties with Thailand

Five Memorandums of Understanding (MoUs) were signed during Prime Minister Hun Manet’s visit to Thailand to strengthen the development of connectivity between Cambodia and the neighbouring country. ...

Yatt Malai
https://kiripost.com/stories/pm-inks-five-deals-to-boost-ties-with-thailand

Cambodia, Thailand target $15 billion trade by 2025

Prime Ministers of Cambodia and Thailand this week will meet in Bangkok and discuss steps for boosting bilateral trade, facilitating goods transport crossing the border, and removing barriers between the two countries. ...

Chea Vanyuth
https://www.khmertimeskh.com/501434816/cambodia-thailand-target-15-billion-trade-by-2025/

SSEZ’s export-import valued at $3.36 billion in 2023

The total import and export volume of the Sihanoukville Special Economic Zone (SSEZ) were valued at $3.36 billion in 2023, a year-on-year increase of 34.8 percent, the zone’s operator said in a statement issued recently. ...

Khmer Times Staff
https://www.khmertimeskh.com/501435871/ssezs-export-import-valued-at-3-36-billion-in-2023/

Cambodia still committed to strong ASEAN-EU relations

Foreign minister Sok Chenda Sophea has expressed Cambodia’s commitment to enhancing the ASEAN-EU Strategic Partnership, noting that it is based on mutual respect, understanding and interests. ...

Samban Chandara
https://www.phnompenhpost.com/national/kingdom-still-committed-to-strong-asean-eu-relations

BRI-backed economic zone in Cambodia records 34.8 pct rise in trade volume in 2023

The value of imports and exports passing through the Sihanoukville Special Economy Zone (SSEZ) in Cambodia reached $3.36 billionin 2023, a year-on-year increase of 34.8 percent, the zone operator said in a recent statement. ...

Khmer Times Staff
https://www.khmertimeskh.com/501435120/bri-backed-economic-zone-in-cambodia-records-34-8-pct-rise-in-trade-volume-in-2023/

IMF forecasts Cambodia GDP at 6%, but warns of weak US, China growth

Following the pandemic, economic growth has been steady, the International Monetary Fund (IMF) said, with expansion projected at six percent in 2024, from an estimated 5.3 percent last year, thanks to tourism and non-garment exports. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/imf-forecasts-cambodia-gdp-at-6-but-warns-of-weak-us-china-growth

SSEZ boosts Kingdom’s growth

Transportation experts and economists are expressing optimism regarding the continued increase in the value of exports and imports within the Sihanoukville Special Economic Zone (SSEZ) for 2024. ...

Hin Pisei
https://www.phnompenhpost.com/post-in-depth/ssez-boosts-kingdom-s-growth

Ministry mulling SME cluster to help local farmers

The Ministry of Industry, Science, Technology, and Innovation has pushed for forming new small and medium enterprise (SME) clusters to help farmers sell their products to local productions, contributing to finished product export. ...

Chea Vanyuth
https://www.khmertimeskh.com/501431025/ministry-mulling-sme-cluster-to-help-local-farmers/

PPAP’s net profit, revenue decline in 2023

Net profit for Phnom Penh Autonomous Port’s (PPAP) financial year ended December 31, 2023 (FY’23) sank 36.2 percent to $9.1 million from $14.3 million a year ago. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/ppaps-net-profit-revenue-decline-in-2023

Electrical exports bolster economy in 2023, up 50%

Cambodia exported over $3.1 billion in electrical machinery, equipment and related products to the international market in 2023, an increase of more than 50% compared to 2022. The export value of these products constituted nearly 14% of the country’s total exports, as per data from ...

Hin Pisei
https://www.phnompenhpost.com/business/electrical-exports-bolster-economy-in-2023-up-50-

Cambodian mangoes now gaining popularity across Russian markets

Cambodian mangoes are gaining popularity across Russian markets offering a boost to the Kingdom’s agricultural sector, according to a representative of an agriculture firm that exports Cambodian mangoes to Russia and Central Asia. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501427846/cambodian-mangoes-now-gaining-popularity-across-russian-markets/

Trade with Singapore grows, exceeds $900M

The total value of trade between Cambodia and Singapore amounted to almost $920 million in 2023, marking an increase of over 7% compared to the previous year. Imports from the city-state represented a substantial 94% of the figure, according to the General Department of Customs ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-with-singapore-grows-exceeds-900m

Jewellery exports hit $851M in ‘23; exhibition upcoming

Cambodia garnered over $851 million from the export of jewellery and precious stones to the international market in 2023, represents a surge of 261% increase compared to 2022, as per the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/jewellery-exports-hit-851m-in-23-exhibition-upcoming

Cambodian senior gov’t official paints brighter picture for Cambodia-China economic, trade cooperation

A Cambodian senior government official has painted a rosier picture for Cambodia-China economic and trade cooperation in 2024, saying that a steady increase in bilateral trade and investment volumes has benefited both countries and peoples. ...

Xinhua
https://www.khmertimeskh.com/501426339/cambodian-senior-govt-official-paints-brighter-picture-for-cambodia-china-economic-trade-cooperation/

Law to strengthen water transportation sector

A draft law on water transportation has been created to strengthen the sector and find solutions to serve national and international trade, while supporting national economic growth. ...

Chhorn Raksmey
https://kiripost.com/stories/law-to-strengthen-water-transportation-sector

Cambodia’s exports to EU down 9.3% in 2023

Cambodia’s exports to the European Union (EU) last year were worth $3.66 billion – a more than nine percent decrease from the $4.04 billion registered in 2022, according to the Ministry of Commerce. ...

Chea Vanyuth
https://www.khmertimeskh.com/501424860/cambodias-exports-to-eu-down-9-3-in-2023/

Cambodia exports bicycles worth nearly $417 mln last year

Cambodia exported bicycles worth $416.7 million in 2023, a decrease of 53.6 percent from $899.7 million in a year earlier, said a General Department of Customs and Excise’s report on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501424449/cambodia-exports-bicycles-worth-nearly-417-mln-last-year/

Cambodia, France trade volume reaches $515M

Bilateral trade volume between the Kingdom and France reached $515.21 million last year, making Europe’s trade volume stand at $4.6 billion in 2023, said Prime Minister Hun Manet. ...

Nheng Chamrong
https://www.khmertimeskh.com/501424116/cambodia-france-trade-volume-reaches-515m/

Cambodia exports rubber worth $490.6 million in 2023

Cambodia exported 368,048 tonnes of dry rubber in 2023, a slight decrease of 1.3 percent from 372,903 tonnes in a year earlier, said a report from the General Directorate of Rubber on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501425159/cambodia-exports-rubber-worth-490-6-million-in-2023/

Kingdom exports first shipment of milled rice to UAE

Kingdom has exported milled rice to the United Arab Emirates (UAE), the first batch of 60,000 tonnes, grabbing a new market for Cambodia’s rice. ...

Chea Vanyuth
https://www.khmertimeskh.com/501422987/kingdom-exports-first-shipment-of-milled-rice-to-uae/

Rising exports, global renown fuel rice sector

After experiencing positive growth in 2023, the Cambodian rice export market is expected to continue its upward trajectory in 2024. However, factors such as weather conditions and shipping costs may cause some disruptions. ...

Hin Pisei
https://www.phnompenhpost.com/business/rising-exports-global-renown-fuel-rice-sector

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