Economy and commerce
Rabbit Island resort investment project starts construction in Kep province
Rabbit Island development investment, the $130 million multiple resort project in Koh Tonsay island, four kilometres off Kep province, has started construction activities, with building materials being moved there. ...
Chea Vanyuth
https://www.khmertimeskh.com/50944429/rabbit-island-resort-investment-project-starts-construction-in-kep-province-2/
Exports of rubber latex, wood rake in over $326M in Jan-Aug
Cambodia generated more than $326 million from the export of rubber latex and wood in the first eight months of this year, according to the Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Rubber. ...
Thou Vireak
https://www.phnompenhpost.com/business/exports-rubber-latex-wood-rake-over-326m-jan-aug
Deal on food investment signed with Australia
Cambodia and Australia have signed a memorandum of understanding (MoU) on the financing arrangements for an Agri-Food Investment Desk (AFID) at the Council for the Development of Cambodia (CDC), aimed at creating jobs and improving standards in farming. ...
Michael Firn
https://www.khmertimeskh.com/50944283/deal-on-food-investment-signed-with-australia/
NBC introduces overnight lending facility
The National Bank of Cambodia (NBC) has introduced a marginal lending facility (MLF) to address the short-term liquidity needs of banking and financial institutions in emergency situation to carry out their business operations. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-introduces-overnight-lending-facility
Economy will grow 2.2% before recovery, says IMF
The International Monetary Fund says Cambodia’s gross domestic product (GDP) will grow 2.2 percent this year, down from a previous forecast of 4.2 percent annual growth. GDP was minus 3.1 percent last year after average annual growth of 7 percent in previous years. ...
Michael Firn
https://www.khmertimeskh.com/50944430/economy-will-grow-2-2-before-recovery-says-imf/
World Bank lowers GDP growth forecast
The World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. ...
May Kunmakara
https://www.phnompenhpost.com/business/world-bank-lowers-gdp-growth-forecast
Ministry of Labor sets $194 minimum wage for workers in 2022
Ministry of Labor and Vocational Training sets US $194 minimum wage for textile, garment, footwear, travel accessories and bags workers for 2022. ...
Long Kimmarita
https://www.postkhmer.com/national/2021-09-28-1150-224325.html
$130 million investment project on Rabbit Island begins construction
$130 million investment project on 144 hectares of land in Koh Tonsay by Try Pheap Koh Tonsay Resort Co., Ltd. held a blessing ceremony to start building operation on the morning of September 27, 2021. ...
Hin Pisei
https://www.postkhmer.com/business/2021-09-28-1056-224317.html
Vietnam’s exports to Cambodia up 16.7 percent in eight months
Vietnam earned $3.15 billion from exporting goods to Cambodia in the first eight months of 2021, up 16.7 percent year-on-year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50942886/vietnams-exports-to-cambodia-up-16-7-percent-in-eight-months/
Pan Pacific plans two hotels in 2023
As Cambodia and the rest of the world move to revive tourism, Pan Pacific Hotels Group (PPHG), a member of Singapore-listed UOL Group Ltd, plans to open two developments in the Kingdom over October-December 2023, in Phnom Penh and Siem Reap. ...
May Kunmakara
https://www.phnompenhpost.com/business/pan-pacific-plans-two-hotels-2023
Cambodia-Thailand eight month trade inches up
The bilateral trade between Cambodia and Thailand was valued at $5,238 million in the first eight months of this year, inching up 3.14 percent compared with the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50943079/cambodia-thailand-eight-month-trade-inches-up/
Settling disputes in securities sector with the SERC mediation mechanism
The SERC – established under the Preah Reach Kram No. NS/RKM/1007/028 on October 19, 2007 that promulgates the Law on the Issuance and Trading of Non-Government Securities – is the sole authority that controls and supervises the securities sector. ...
Post Staff
https://www.phnompenhpost.com/business/settling-disputes-securities-sector-serc-mediation-mechanism
Makro stocks K Kong mussels
Koh Kong blue mussels are now available at Makro Supermarket in western Phnom Penh’s Sen Sok district, after a deal was struck with local communities in an effort to boost incomes and support the conservation of mangroves, according to a senior Ministry of Environment official. ...
Thou Vireak
https://www.phnompenhpost.com/business/makro-stocks-k-kong-mussels
Central bank sells $130M over five September forex auctions
The National Bank of Cambodia held five currency auctions from September 2-21 and sold $130 million on the foreign exchange (forex) market, meant to stabilise the riel’s fluctuations against the greenback, shore up economic activity during the ongoing health crisis and power a faster economic ...
May Kunmakara
https://www.phnompenhpost.com/business/central-bank-sells-130m-over-five-september-forex-auctions
Cambodia-South Korea trade reaches $635 million
The bilateral trade between Cambodia and South Korea surged 11.33 percent to $635.5 million during the first eight months of this year, as the two countries set to sign their free trade pact next month. ...
Chea Vanyuth
https://www.khmertimeskh.com/50942123/cambodia-south-korea-trade-reaches-635-million/
New Indonesia Chamber of Commerce promises boost in trade: Ambassador
Indonesia’s ambassador to Cambodia says a new chamber of commerce will help his country find more business opportunities in the Kingdom and boost bilateral trade. The Indonesia Chamber of Commerce Cambodia (IndoCham) was formed this month. ...
Michael Firn
https://www.khmertimeskh.com/50942124/new-indonesia-chamber-of-commerce-promises-boost-in-trade-ambassador/
Consumer protection norms to ensure post-Covid business harmony: minister
Minister of Commerce Pan Sorasak reiterated a called for businesspeople to fulfil their obligations to protect consumers in accordance with the laws and regulations in force and contribute to the shared overarching objectives of harmonisation and sustainable development. ...
Thou Vireak
https://www.phnompenhpost.com/business/consumer-protection-norms-ensure-post-covid-business-harmony-minister
HGB Motors enters car assembly arena with $7M Poipet investment
HGB Motors Assembly Co Ltd is investing about $7 million in a car assembly plant in Poipet town, Banteay Meanchey province. ...
Thou Vireak
https://www.phnompenhpost.com/business/hgb-motors-enters-car-assembly-arena-7m-poipet-investment
Ministry onboards Cambodia Post to e-marketplace
The Ministry of Commerce plans to integrate state-owned Cambodia Post’s transportation system into CambodiaTrade.com, looking to make the distribution and delivery process easier, faster and safer for small- and medium-sized enterprises (SME) and consumers that buy merchandise on the e-marketplace. ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-onboards-cambodia-post-e-marketplace
Cambodia grants investment licences to three new projects worth $15 million
Three new projects with a total capital of $15.1 million have been approved by the Council for the Development of Cambodia (CDC). This continues to give confidence to job seekers that though loss of employment because of the pandemic forcing many industries to cut workforce, ...
Khmer Times Staff
https://www.khmertimeskh.com/50939994/cambodia-grants-investment-licences-to-three-new-projects-worth-15-million/
Spice community ready to enter into Mena region
The Cambodia Pepper and Spices Federation (CPSF), in collaboration with USAID-funded Feed the Future Cambodia Harvest II project (Harvest II), on September 20 virtually launched the “Export Mission to the Middle East and North Africa” programme. ...
Hin Pisei
https://www.phnompenhpost.com/business/spice-community-ready-enter-mena-region
Cambodia’s economy forecasted to grow by 5.5 percent in 2022 despite gloom this year
Cambodia’s economy is forecast to experience a rebound of 5.5 percent in 2022 despite a modest reduced 1.9 percent growth is forecasted this year amid the prolonged coronavirus pandemic, according to the Asian Development Bank (ADB). ...
Khmer Times Staff
https://www.khmertimeskh.com/50939987/cambodias-economy-forecasted-to-grow-by-5-5-percent-in-2022-despite-gloom-this-year/
Credit Guarantee Corporation of Cambodia launches $50 million Co-Financing Guarantee Scheme to support SMEs
Credit Guarantee Corporation of Cambodia (CGCC) announce the launch of the Co-Financing Guarantee Scheme (CFGS). CFGS is specifically designed for the co-financing loans disbursed under the SMEs Co-Financing Scheme Phase II (SCFS II) of the SME Bank of Cambodia. ...
Senate committee passes investment law
The new investment law will be more attractive and provide the Kingdom with better options to navigate the constantly evolving regional and global investment climate, according to Senate Third Committee chairman Mong Reththy. ...
May Kunmakara
https://www.phnompenhpost.com/business/senate-committee-passes-investment-law