Economy and commerce

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. ...

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. ...

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. ...

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. ...

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). ...

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. ...

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 ...

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 ...

The Ministry of Commerce has set up a working group to study and collect input from stakeholders and the private sector to develop strategies to maximize the implementation of the Free Trade Agreement, of which Cambodia is a signatory. This was said by Pan Sorasak, ...

Phnom Penh Autonomous Port (PPAP) saw a surge in demand from container ships last month after an upgrade added capacity to process and load shipping containers. Some 32,441 twenty-foot equivalent units (TEUs) passed through the port in October, an increase of more than 57 percent ...

Bilateral trade between Cambodia and Thailand reached $5.97 billion in the first nine months of 2021, surging by 18 per cent year-on-year from $5.08 billion despite disruptions caused by the community spread of Covid-19 in the two ASEAN nations, according to a report from the ...

The trade between the countries of Cambodia and Thailand has seen an increase in the nine months of this year. ...

Minister of Commerce Pan Sorasak expressed optimism that more US companies would discover Cambodia, and set up base in or expand operations in the Kingdom, as trade between the two countries logged more than $5.5 billion in January-August, up by 28.5 per cent year-on-year. ...

U.S. companies will expand their businesses and inject more investment in Cambodia contributing to the economic recovery of the Kingdom. ...

Cambodia has made great strides in recent years, both in terms of economic growth and key health indicators like life expectancy and infant, child and maternal mortality rates. The country reached lower-middle income status in 2015 and was advancing steadily toward Universal Health Coverage (UHC) ...

Retail fuel prices have been gradually increasing in recent weeks, adding another burden for low-income households whose finances have been hit hard by Covid-19. ...

The business community has welcomed a government decision to ease restrictions for local and foreign investors who reside in the Kingdom, particularly the waiver of hotel quarantine and the option to isolate at home. ...

Cambodia exported 460,169 tonnes of milled rice, worth $393 million, from January to October this year, according to the Ministry of Agriculture, Forestry, and Fisheries. That represents a 14 percent drop in volume from the same period last year. ...

Some 4,221,153 tonnes of agricultural products, besides milled rice and paddy rice, have been exported to foreign markets during the first ten months of this year, despite the global COVID-19 crisis. ...

The first trial flight is set to land in Koh Kong province’s Dara Sakor International Airport in late January or early in February, according to the company in charge of construction. ...

To encourage the spread of hydrogen-powered fuel cell vehicles (FCV), the Japanese government will help build small-scale hydrogen stations around the country. ...

The Ministry of Industry, Science, Technology and Innovation has rolled out the KhmerSME website to provide micro-, small- and medium-sized enterprises (MSME) access to comprehensive business information, as well as ASEAN and global markets. ...

Cambodia exported $8.2417 billion worth garments between January and September this year—a hike of $843.4 million or 11.4 per cent over the same period last year, the general department of customs and excise said. ...

Cambodia exported 174,100 tonnes of rubber valued at $265.8 million in the first nine months of 2021, surging by 48,300 tonnes (38.4 per cent) in volume and $111.6 million (72.3 per cent) in value over January-September 2020, the General Department of Customs and Excise reported. ...