Economy and commerce

Three associations have entered into a partnership to boost financial inclusion and raise awareness about tools, products and services among women entrepreneurs. ...

The Kingdom exported 866,207.77 tonnes of cashew nuts in the first seven months of 2021, a 345.29 per cent year-on-year surge, with Vietnam as the main buyer, the Ministry of Agriculture, Forestry and Fisheries reported. ...

Investors have submitted 27 complaints regarding trade disputes to the National Commercial Arbitration Centre (NCAC), according to Ministry of Commerce secretary of state Cham Nimul. ...

Bilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year, despite the profound implications of the Covid-19 pandemic ...

The Securities and Exchange Regulator of Cambodia (SERC) is joining forces with international multilateral development banks to scale up sustainable finance in the Kingdom’s securities market, and to coordinate training and capacity building initiatives, according to SERC director-general Sou Socheat. ...

Japan and other Mekong countries have expressed support for Cambodia’s initiative to establish a joint working group on the Mekong-Japan Economic Recovery Scenarios, according to a press statement issued by the Ministry of Foreign Affairs and International Cooperation following their latest meeting on August 6.​ ...

Bilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year, despite the profound implications of the Covid-19 pandemic ...

Cambodia exported more than 22,580.68 tonnes of peppercorn – both geographical indication- (GI) branded Kampot pepper and non-GI cultivars – in the first seven months of 2021, up 558.19 per cent year-on-year, with Vietnam as the top buyer, according to the Ministry of Agriculture, Forestry ...

Three major draft laws on trade are expected to take effect before the end of 2021, after receiving full support from National Assembly (NA) leaders and specialised committees, as well as the Senate, according to a Ministry of Commerce spokesman. ...

The Royal Phnom Penh Hospital has been given the rights by the government to import and control the Pfizer-BioNTech and Moderna Covid-19 vaccines from the United States. ...

Growers and suppliers of cashew nuts and geographical indication- (GI) certified Kampot pepper will soon have a chance to sell their products to Chinese consumers through the e-commerce platform Alibaba.com, according to the Ministry of Economy and Finance’s Entrepreneurship Development Fund (EDF) on August 3. ...

A multi-purpose port is in the pipeline to be built in Kep province that will serve the tourism sector as well as a maritime seaport that will boost the economy and development sector of the province. ...

Small and medium-sized Cambodian companies are to receive government training on how to make the most of the digital economy. ...

Cambodia’s new investment draft law is set to introduce new incentives for people to invest in the country. ...

Strict lockdown measures in place nationwide, implemented on July 29 has again hampered the opening of Century Entertainment’s launch of new Cambodian casino in Koh Kong. ...

Four priority areas of cooperation, namely public health security, micro, small and medium enterprises (MSME) capacity building, climate-change resilient agricultural production, and sustainable energy have been emphasised by Cambodia’s top diplomat.​ ...

Applications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. ...

Cambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. ...

The Cambodia Securities Exchange (CSX) on August 3 said it is not involved in a fraud dispute concerning derivatives broker GoldFX Investment Co Ltd. ...

Best Inc, a Chinese smart supply chain solutions and logistics services provider, on August 2 rolled out a “full-chain, direct logistics service” to send packages from China to Cambodia, Thailand and Vietnam, it said in a press release. ...

The General Department of Taxation at the Ministry of Economy and Finance and Japanese Embassy to Cambodia held a virtual discussion Monday in conjunction with the Japanese embassy on tax considerations for Japanese investors. ...

The Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. ...

Cambodia exported 67,547.34 tonnes of chillies in the first seven months of 2021, an increase of nearly 50 per cent year-on-year, according to the General Directorate of Agriculture. ...

The state-owned Agricultural and Rural Development Bank of Cambodia (ARDB) announced that it has reserved a large number of financial packages of working capital loans for rice millers and exporters to buy paddy from farmers during the upcoming harvest season, in a bid to push ...