Economy and commerce
Three firms join food market drive for red zones
Aeon Mall, Makro and Virak Buntham Express on April 26 said they will work with the Ministry of Commerce to provide essential food items for sale in designated red zones in a bid to maintain prices and stabilise the supply of goods in the market ...
Thou Vireak
https://www.phnompenhpost.com/business/three-firms-join-food-market-drive-red-zones
Requirements for the public offering of equity securities in Cambodia
Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities. ...
Signing of Korea trade deal postponed
The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/signing-korea-trade-deal-postponed
ធនាគារ ADB៖ សេដ្ឋកិច្ចកម្ពុជាឆ្នាំ២០២១អាចកើន៤% តែត្រូវមើលស្ថានភាពកូវីដ១៩សិន
ធនាគារអភិវឌ្ឍន៍អាស៊ីADB នៅថ្ងៃពុធនេះ បានព្យាករសន្ទុះសេដ្ឋកិច្ចកម្ពុជាថានឹងកើនក្នុងអត្រា៤%ក្នុងឆ្នាំ២០២១ តែបានក្រើនរំឭកថាកំណើនជាក់ស្ដែងក៏អាស្រ័យផងដែរលើស្ថានភាពផ្ទុះឆ្លងកូវីដ១៩ក្នុងសហគមន៍ ដែលកំពុងគំរាមទាំងជីវិតនិងសេដ្ឋកិច្ច។ ...
Aun Chhengpor
https://www.voacambodia.com/a/four-percent-gdp-growth-hinges-on-current-outbreak-adb-says-/5869863.html
200MW solar farm set for Kampong Speu
A 200MW solar project backed by a $200 million investment from two large companies will be built in Aoral Eco-City, a joint statement said on April 26. ...
Thou Vireak
https://www.phnompenhpost.com/business/200mw-solar-farm-set-kampong-speu
Bank, MFIs operations go on despite lockdown
The Association of Banks in Cambodia (ABC) and the Cambodian Microfinance Association (CMA) on April 23 informed the public that business operations in the industry are continuing as normal nationwide although some areas in the provinces and capital have been placed in lockdown to curb ...
May Kunmakara
https://www.phnompenhpost.com/business/bank-mfis-operations-go-despite-lockdown
Trade with Thailand unchanged amid Covid-19 movement curbs
Cross-border trade between Cambodia and Thailand remains busy as usual despite ongoing lockdowns in parts of both countries to combat the spread of Covid19 in their respective communities, according to senior provincial officials. ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-thailand-unchanged-amid-covid-19-movement-curbs
Financial institutions see jump in lockdown-era digital transactions
Financial institutions (FI) logged a sudden spike in digital transactions during lockdown, adding further to the upward momentum fuelled by rising fears triggered by a spike in new Covid-19 cases found in connection to the February 20 community transmission. ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-institutions-see-jump-lockdown-era-digital-transactions
CSX continues executing trades under lockdown
Bowed but unbeaten, the spritely Cambodia Securities Exchange (CSX) is churning away under lockdowns that have affected nearly every aspect of the Kingdom’s economy. ...
Husain Haider
https://www.khmertimeskh.com/50842455/csx-continues-executing-trades-under-lockdown/
IMF highlights divergent global recovery levels
THE International Monetary Fund’s (IMF) World Economic Outlook prediction that the globe will recover at vastly uneven levels has been brought into sharp focus in light of recent lockdowns in Cambodia. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50842469/imf-highlights-divergent-global-recovery-levels/
Smile Shop catering to lockdown demand for groceries
In response to increased demand during lockdown, Smile Shop, a local e-shop, is offering new users a $10 discount on their first purchase for orders of $25 or more. They ensure deliveries are made between two and 12 hours post ordering in Phnom Penh. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50842449/smile-shop-catering-to-lockdown-demand-for-groceries/
Bakong top in digital currency index
Cambodia’s digital retail ecosystem was ranked first in Asia and second globally in the PricewaterhouseCooper (PwC) inaugural Central Bank Digital Currency (CBDC) Global Index. ...
Husain Haider
https://www.khmertimeskh.com/50842250/bakong-top-in-digital-currency-index/
Garment lobby calls for understanding as lockdown halts production
Garment Manufacturers Association in Cambodia (GMAC) on April 19 urged buyers and stakeholders not to penalise its members for failing to honour pre-agreed delivery commitments during the ongoing lockdown measures imposed by the government. ...
May Kunmakara
https://www.phnompenhpost.com/business/garment-lobby-calls-understanding-lockdown-halts-production
Commerce ministry rolls out mobile markets to Red Zones
The Ministry of Commerce on April 20 dispatched five trucks to seven “Red Zones” to sell food products and groceries at below-market prices during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takmao town in Kandal province, according to undersecretary of state Pen ...
Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-rolls-out-mobile-markets-red-zones
Lockdown opens a window for e-commerce
With authorities tightening security to prevent community transmission in Phnom Penh and Kandal province’s Takhmao town, e-commerce activity, cashless payments and delivery services have logged a notable rise, swiftly becoming new features of the digital world in Cambodia. ...
May Kunmakara
https://www.phnompenhpost.com/business/lockdown-opens-window-e-commerce
Aquaculture group urges authorities to enforce import rules, ease transport issues
The Cambodian Aquaculturist Association (CAA) on April 19 called on relevant authorities and institutions to enforce compliance with fish-import regulations and facilitate transport for distributors to ensure an adequate market supply of fish to reverse a recent price jump. ...
https://www.phnompenhpost.com/business/aquaculture-group-urges-authorities-enforce-import-rules-ease-transport-issues
https://www.phnompenhpost.com/business/aquaculture-group-urges-authorities-enforce-import-rules-ease-transport-issues
COs still issued amid lockdown, logistics bottlenecks
The Ministry of Commerce urged producers and exporters to continue applying for certificates of origin (CO) despite transport and logistics issues stemming from the ongoing lockdown in Phnom Penh and Takhmao town. ...
Thou Vireak
https://www.phnompenhpost.com/business/cos-still-issued-amid-lockdown-logistics-bottlenecks
New business activity ongoing despite Coronavirus challenges
Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...
Brian Badzmierowski
https://www.khmertimeskh.com/50840963/new-business-activity-ongoing-despite-coronavirus-challenges/
CGCC executive clarifies Business Recovery Guarantee Scheme process
Small businesses raising questions about the process of applying for a loan through the newly formed Credit Guarantee Corporation of Cambodia (CGCC)’s Business Recovery Guarantee Scheme (BRGS), has prompted CGCC’s chief executive officer Mr. Wong Keet Loong to provide an overview of how the scheme ...
Brian Badzmierowski
https://www.khmertimeskh.com/50840936/cgcc-executive-clarifies-business-recovery-guarantee-scheme-process/
Revenue from international tourism dips 80 per cent in 2020
Cambodia booked just $1.023 billion in international tourism revenue last year, representing a 79.4 percent nosedive from $4.919 billion in 2019 due to the sweeping effects of the global Covid-19 pandemic, the Ministry of Tourism reported on April 19. ...
Hin Pisei
https://www.phnompenhpost.com/business/revenue-international-tourism-dips-80-cent-2020
Phnom Penh Autonomous Port maintains growth in Q1
Locally-listed Phnom Penh Autonomous Port (PPAP) reported $7,770,742 in revenue for the first quarter of 2021, up 2.19 percent over the $7,603,877 posted in the corresponding period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/phnom-penh-autonomous-port-maintains-growth-q1
In-stream adverts disappear from YouTube in Kingdom
The once omnipresent advertisements peppered throughout YouTube videos have disappeared for viewers in Cambodia, allowing domestic viewers to watch any video hosted on the site ad-free, regardless of its length or its country of origin. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50840933/in-stream-adverts-disappear-from-youtube-in-kingdom/
Major banking houses deny relationship with GFX as ‘embezzled’ funds reach $27M
Allegations that GoldFX Co Ltd (GFX) board members embezzled what is now understood to be $27 million took a twist as financial houses said they had no relationship with the derivatives company. ...
Husain Haider
https://www.khmertimeskh.com/50840914/major-banking-houses-deny-relationship-with-gfx-as-embezzled-funds-reach-27m/
Local rice producers sell at discount
A number of Cambodia Rice Federation (CRF) member companies have reduced retail prices of milled rice by 10,000-20,000 riel ($2.50-5) per 50kg sack to participate in government efforts to improve people’s livelihoods during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takhmao town ...
Thou Vireak
https://www.phnompenhpost.com/business/local-rice-producers-sell-discount