Economy and commerce
PM pushes multilateralism to partners at Asia-Europe meet
Prime Minister Hun Sen has urged the leaders of Asian and European countries to further strengthen the Asia-Europe partnership to maintain a solid multilateralism that will lead to sustainable global growth and sharing. ...
Ry Sochan
https://www.phnompenhpost.com/national-politics/pm-pushes-multilateralism-partners-asia-europe-meet
Government revenue reaches 75 percent of Budget Bill in first three quarters
The government revenue has reached some 11,921 billion Riel (approximately $3 billion) in the first three quarters of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50977133/government-revenue-reaches-75-percent-of-budget-bill-in-first-three-quarters/
Cambodia stresses need for strengthening Asia-Europe cooperation
It is necessary to strengthen the Asia-Europe cooperation to be more comprehensive to achieve a resilient economic growth. ...
Khmer Times Staff
https://www.khmertimeskh.com/50977103/cambodia-stresses-need-for-strengthening-asia-europe-cooperation/
Gov’t income and expenditure under control despite C-19
The government revenues and expenditures were under control in the light of Covid-19 through a range of reforms on revenue collections. ...
Chea Vanyuth
https://www.khmertimeskh.com/50976835/govt-income-and-expenditure-under-control-despite-c-19/
PM raises five important points for post-COVID-19 recovery for Asia and Europe
As the world is still facing other complex issues, Prime Minister Hun Sen highlighted five important points so as to restore socio-economic development in the post-COVID-19 era. ...
Khmer Times Staff
https://www.khmertimeskh.com/50977155/pm-raises-five-important-points-for-post-covid-19-recovery-for-asia-and-europe/
Cambodian PM hopes for expanded trade ties with Vietnam
Cambodian Prime Minister Hun Sen on November 24 expressed his hope for expanded trade ties between Cambodia and Vietnam. ...
Khmer Times Staff
https://www.khmertimeskh.com/50977234/cambodian-pm-hopes-for-expanded-trade-ties-with-vietnam/
Cambodia, Thailand to discuss border reopening
Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. ...
Voun Dara
https://www.phnompenhpost.com/national/cambodia-thailand-discuss-border-reopening
Economic Growth revised to 3 percent this year
Cambodia’s economic growth has been revised to reach around 3 percent this year, thanks to the growth of the agricultural and industry sector. ...
Chea Vanyuth
https://www.khmertimeskh.com/50976291/economic-growth-revised-to-3-percent-this-year/
Cambodia’s poverty line updated: 17.8 percent Cambodians under the poverty line
Cambodia has updated the country’s poverty line based on the 2019-2020 Socio-Economic Survey wherein the national minimum was set at 10,951 Riel (roughly $2.7) per capita a day. ...
Khmer Times Staff
https://www.khmertimeskh.com/50973518/cambodias-poverty-line-updated-178-percent-cambodians-under-the-poverty-line/
SSEZ imports, exports hit $1.77B in Jan-Oct
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.767 billion in the first 10 months of 2021, marking a 38.81 per cent year-on-year uptick from $1.273 billion, the operator reported on November 17. ...
Hin Pisei
https://www.phnompenhpost.com/business/ssez-imports-exports-hit-177b-jan-oct
South Korea trade dips 10.6% to $792M
Bilateral trade between Cambodia and South Korea in the first 10 months of 2021 was worth $791.59 million, down by 10.6 per cent from $885.32 million in the same period in 2020, as the prolonged Covid-19 community transmission continues to take its toll. ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korea-trade-dips-106-792m
Investment law, FTA to boost Cambodia-Korea ties: envoys
South Korean ambassador to Cambodia Park Heung-kyeong is highly optimistic that the new Cambodian investment law and free trade agreement (FTA) signed between the two countries would be important factors in enhancing bilateral trade and encouraging more direct investment flows from South Korea to the ...
May Kunmakara
https://www.phnompenhpost.com/business/investment-law-fta-boost-cambodia-korea-ties-envoys
Cambodia, Vietnam set to host economic, defence expo
Cambodia and Vietnam are set to jointly host the first virtual Vietnam Defense-Economic Exposition (Videx) 2021 in Hanoi from December 14-17, according to the Cambodian Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodia-vietnam-set-host-economic-defence-expo
$550M of investment projects get CDC nod
The Council for the Development of Cambodia (CDC) has approved final registration certificates for 15 projects with capital investment of nearly $550 million in the first two weeks of this month, which could reportedly generate 13,952 new jobs in fields such as car assembly, power ...
Hin Pisei
https://www.phnompenhpost.com/business/550m-investment-projects-get-cdc-nod
GDT rakes in $2.3B of tax revenue over first 10 months
Although the Covid-19 outbreak has had a prolonged impact on the economy from late 2019 to 2021, it has had little effect on tax revenue, reflecting the effectiveness of tax governance and transparency efforts, according to General Department of Taxation (GDT) chief Kong Vibol. ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-rakes-23b-tax-revenue-over-first-10-months
Thailand seeks to reopen Tha Sen and Ban Nong Ian border checkpoints to boost trade with Cambodia
Thailand’s Commerce Ministry is aiming to speed up talks with Cambodia to reopen additional checkpoints with neighbouring Cambodia to boost trade between the two nations. . ...
Khmer Times Staff
https://www.khmertimeskh.com/50971487/thailand-seeks-to-reopen-tha-sen-and-ban-nong-ian-border-checkpoints-to-boost-trade-with-cambodia/
Singapore goods flood Cambodian shores
Bilateral trade between Cambodia and Singapore totaled $4.37 billion in the first 10 months of 2021, a 51.27 per cent year-on-year surge from $2.89 billion, as reported by the Ministry of Commerce, despite Covid-related disruptions to manufacturing supply chains. ...
Hom Phanet
https://www.phnompenhpost.com/business/singapore-goods-flood-cambodian-shores
Japan an active ASEAN Community builder: Chanthol
Japan has been instrumental in ASEAN connectivity development, extending a helping hand in a vast spectrum of major infrastructure projects across the Southeast Asian economic bloc, especially in the Kingdom. ...
Hin Pisei
https://www.phnompenhpost.com/business/japan-active-asean-community-builder-chanthol
146 Japanese investment projects registered at CDC
The Council of the Development of Cambodia (CDC) approved 146 Japanese qualified investment projects (QIP) as of October with a total investment capital of $2.853 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/50970276/146-japanese-investment-projects-registered-at-cdc/
Investment law to guide recovery, FTA uptake
The new Law on Investment will be a crucial tool as the Kingdom pushes ahead with post-Covid-19 economic recovery plans, and help lay the groundwork to maximise benefits from free trade agreements (FTA), according to Cambodia Chamber of Commerce (CCC) president Kith Meng. ...
Hom Phanet
https://www.phnompenhpost.com/business/investment-law-guide-recovery-fta-uptake
US trade swells to nearly $6.5B in Jan-Sept
Trade between Cambodia and the US totalled $6.4793 billion in the first nine months of 2021, marking a 28.37 per cent year-on-year uptick from $5.0471 billion, according to the US Census Bureau (USCB). ...
Hin Pisei
https://www.phnompenhpost.com/business/us-trade-swells-nearly-65b-jan-sept
Revisions to insurance draft sub-decree get in-principle nod
The Ministry of Economy and Finance has approved in-principle revisions to a draft sub-decree on insurance, as the industry continues its current growth trajectory and attracts new investors each year. ...
May Kunmakara
https://www.phnompenhpost.com/business/revisions-insurance-draft-sub-decree-get-principle-nod
Rice exports top 3M tonnes in Jan-Oct
Even as a shipping-container shortage and rising transportation costs stymie the growth of milled rice exports to European and other Western markets, Cambodia managed to ship out 3,119,829 tonnes of the crop abroad, worth $957.30 million, in the first 10 months of 2021, according to ...
May Kunmakara
https://www.phnompenhpost.com/business/rice-exports-top-3m-tonnes-jan-oct
Cambodia, China committed to raising bilateral trade to $10 bn by 2023
Cambodia’s export of goods to China saw a significant rise, valued over $1.1 billion in the third quarter this year—a year-on-year increase of 52.74 per cent, according to figures from the former’s ministry of commerce. Both sides are committed to raising bilateral trade to $10 ...
Khmer Times Staff
https://www.khmertimeskh.com/50966092/cambodia-china-committed-to-raising-bilateral-trade-to-10-bn-by-2023/