Economy and commerce

The National Assembly yesterday approved the Regional Comprehensive Economic Partnership (RCEP), prepping the stage for the agreement to come into effect by early next year. ...

More than 6,000 businesses with over $2.6 billion in capital have been registered with the government’s online Business Registration Platform in just one year since its launch, according to the Ministry of Economy and Finance. ...

Cambodia has lifted a ban on the import of frozen meats and other frozen items classified as “high-risk” originating from India, amid recent improvements in the South Asian country’s epidemiological situation and as all samples of frozen meat imports have tested negative for the novel ...

Cambodia generates from $3.5 to 4 million a year from the exports of fresh cassava and cassava starch and chips, according to Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries. ​​ ...

Cambodia has launched its new 14-year plan on digital policy, saying the sector is a new model of economic growth, which can respond and keep pace with rapid changes in the economy as it recovers from the financial dip caused by the Coronavirus pandemic.​ ...

The Kingdom has officially announced the implementation of its “Digital Economy and Social Policy Framework of Cambodia 2021-2035” policy. It identifies the digital sector as a new model of economic growth responsive and resilient to changes in economic structure, development and international trade. ...

Cambodia received $1.2 billion in remittances from migrant workers abroad last year, marking a sharp 17 per cent drop from $1.5 billion in 2019, the National Bank of Cambodia reported. ...

Cambodia-Vietnam trade sharply increased by 22 per cent in the first quarter of 2021 on a yearly basis, reaching a record high of $3.892 billion, despite tightened border controls over fears of spreading the Covid-19 pandemic, according to the Vietnamese embassy in Phnom Penh. ...

A total of 76,698 domestic visitors toured the country, especially ecotourism areas, during first weekend of this month, according to Thong Khon, Cambodian Minister of Tourism. ...

KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of ...

With Cambodia’s relief measures up for renewal later this month, it has come to light that the Government’s Covid-related assistance spending topped $335 million since the introduction of  payments to the financially vulnerable last June. ...

Some 7,461 tonnes of Cambodian pepper were exported to foreign markets from January to May 2021, according to Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries. ...

The value of foreign direct investment (FDI) into the Kingdom registered a slight fall in 2020 amid a much sharper contraction among non-banking sectors and uncertainty over the evolution of the Covid-19 pandemic, but inflows into the financial sector remained strong. ...

The Cambodia Chamber of Commerce (CCC) has renewed its support for the Japan External Trade Organisation (Jetro) in organising trade meetings between Cambodian and Japanese businesses to promote better trade cooperation between the two countries. ...

The global health crisis caused by the Covid-19 outbreak has dragged down investment in the Cambodian construction sector, which had shown positive signs for several years in a row. ...

The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...

The Council for the Development of Cambodia (CDC) has issued investment certificates to Fu Bi Xing (Cambodia) Packaging Co., Ltd and Sheng He Leisure Bag (Cambodia) Co., Ltd for the production of travel bags and goods in the Kingdom. ...

Bilateral trade between Cambodia and China increased by 19.7 percent to $3 billion during the first four months of this year, according to the Ministry of Commerce. ...

Cambodian exports to neighbouring Thailand were valued at $402 million in the first four months of this year, a 41 percent decrease compared with the same period last year. ...

The Ministry of Industry, Science, Technology and Innovation plans to submit a Draft Law on Small and Medium Enterprises to the Ministry of Economy and Finance soon for further review and input, after a technical working group completed the document. ...

Cambodia exported 19,916 tonnes of crude palm oil in the first five months of 2021, an increase of 5,246 tonnes or 35.76 per cent compared to the same period last year, according to data from the Ministry of Agriculture, Forestry and Fisheries. ...

Cambodia exported some 4.1 million tons of agricultural products in the first five months of this year, a 1.1 million increase over the same period last year. ...

Bilateral trade  in Q1 2021 between Cambodia and Japan grew by 6.6 percent compared with the same period in 2020, rising to $632 million. ...

Cambodia is designing policy for 2021-2023 to chart a path for sustainable and inclusive economic recovery from the Covid-19 crisis, with an approach that ensures peace, security, social stability and public order on the path to the “new normal”, enhances competitiveness and promotes economic diversification ...