Economy and commerce

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. ...

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. ...

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 ...

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. ...

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. ...

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. ...

HGB Motors Assembly Co Ltd is investing about $7 million in a car assembly plant in Poipet town, Banteay Meanchey province. ...

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. ...

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, ...

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. ...

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). ...

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. ...

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.​ ...

The senate on September 20 unanimously passed (38-0) two draft laws authorising the ratification of the Regional Comprehensive Economic Partnership (RCEP) agreement and the bilateral Cambodia-China Free Trade Agreement (CCFTA). ...

The Cambodia Pepper and Spices Federation (CPSF) in collaboration with USAID-funded Feed the Future Cambodia Harvest II “Harvest II” launched on Monday the “Virtual Export Mission to the Middle East and North Africa”, a new digital export programme aiming to provide significant assistance and expertise ...

The Asian Development Bank has more than halved its forecast for Cambodia’s economic growth this year. It cut the gross domestic product forecast to 1.9 percent from April’s prediction of 4 percent growth. The ADB left next year’s forecast unchanged at 5.5 percent GDP expansion. ...

Minister of Commerce Pan Sorasak plans to lead a delegation to South Korea next month to sign the Cambodia-Korea Free Trade Agreement (CKFTA), if the Covid-19 situation permits, according to a senior official. ...

The listed-Phnom Penh Autonomous Port (PPAP) launched its new container terminal on Monday, upgrading its full capacity in handling containers to 400,000 TEUs per year. ...

The Ministry of Commerce has ordered all foreign enterprises, sole proprietorships, legal entities and branches of foreign companies that engage in the Cambodian e-commerce market to apply for the proper licences or permits by November 30, or face fines, closure, or other legal consequences. ...

The value of exports of garment and accessories from Cambodia rose by 3.3 percent to $5.021 billion in the first eight months of this year, compared with 4.861 billion during the corresponding period last year, according to the statistics from the Ministry of Commerce. ...

The listed company Sihanoukville Autonomous port has rescheduled its construction plans for the deep water port terminal to mid-2022, with construction set to take three years. ...

Consumer prices are expected to remain relatively stable, even amid buoyant spending over the second Covid-era Pchum Ben period which kicks off this week, according to traders based in the capital. ...

Cambodia sold more than $6.8186 billion worth of garments, footwear and travel products on international markets in the first eight months of 2021, according to the Ministry of Commerce. ...

Cambodia’s tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. ...