Economy and commerce

Cambodia is fronting more money for its own development financing according to a new report from the United Nations Development Programme (UNDP). ...

Cambodia earned $1.8997 billion from the export of non-textile-based industrial products in the first half of this year, an increase of 49.9 per cent from $1.2672 billion in the same period of 2020, the General Department of Customs and Excise of Cambodia (GDCE) reported.​ ...

China was ranked first in terms of foreign direct investment (FDI) equity inflows to Cambodia in the first half of this year, at about $2 billion, according to the Chinese ambassador.​ ...

Senior government officials and European counterparts met last Friday to discuss Cambodia’s economic plan. New trade policies to help the Kingdom recover from the pandemic were the focus of the conversation as well as the World Trade Organization’s role in shaping the post-pandemic recovery. ...

For the Cambodian workforce to emerge stronger amidst the ongoing Covid-19 crisis, UNESCO has called for accelerated investments in the lifelong learning efforts to enable them to “skill, re-skill, and up-skill” to maintain the Kingdom’s impressive economic growth.   ...

The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) collected $1.1595 billion in revenue in the first half of 2021, down 8.9 percent year-on-year. ...

COVID-19 has led to financing flow losses of $3.6 billion for Cambodia, accounting for 19.8 percent of the country’s total financing flows in 2020, said a new report by the United Nations Development Program (UNDP) released on Friday. ...

Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...

Bilateral trade between Cambodia and South Korea in the first five months of 2021 was worth $377.05 million, up by 6.17 per cent year-on-year from $355.11 million, according to data from the Korea International Trade Association (Kita). ...

Bangkok-based Cambodian Business Council (CBC) and Thai Subcontracting Promotion Association (Thai Subcon) have agreed to work together to promote the private sector cooperation between Cambodia and Thailand. ...

Cambodia exported $357.8 million worth of  garments, textiles, shoes and travel goods in the first six months of  2021, inching up 1.4 percent compared with the same period last year. ...

Minister of Agriculture, Forestry and Fisheries and Indian Ambassador to Cambodia have discussed agricultural cooperation between Cambodia and India. ...

The Ministry of Economy and Finance is set to deploy Phase II of its Businesses Registration Platform, also known as the “Single Portal”, next month, following more than a year of smashing success since its debut   ...

The Sihanoukville Autonomous Port saw revenue rise 14 percent in the first half of the year from the same period in 2020, to more than $44 million. ...

Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...

The Covid-19 pandemic has rocked the retail landscape in Phnom Penh, with anxiety around infection risk keeping the masses away from shopping malls and driving retail consumption down by nearly five per cent in the first half of this year, compared to July-December 2020, according ...

WorldBridge Secure Logistics (WSL) has rebranded as Brink’s WorldBridge Secure Logistics (BWSL) with the full fledged entry into Cambodia of Brink’s, the world’s largest secure logistics company. ...

The Draft Law on Investment of the Kingdom of Cambodia was approved by the Royal Government in the Plenary Meeting of the Council of Ministers chaired by Prime Minister Hun Sen.   ...

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) neared the $1 billion mark in the first half of this year, despite a spiralling third wave of coronavirus infections, dubbed the “February 20 community event”. ...

The free trade agreement (FTA) between Cambodia and China is likely to come into force next year, after winning unanimous support from the National Assembly’s expert committee. The Ministry of Commerce will now submit a draft law to the National Assembly for approval. ...

The Council of the Ministers approved the new investment law draft last week in order to attract increased investment flow to the Kingdom and enhance the nation’s economic diversification and competitiveness. ...

The Council of Ministers, or Cabinet, on July 9 approved the Draft Law on Investment, following a plenary session chaired by Prime Minister Hun Sen via a Zoom call. ...

The government has approved the draft investment law, following a plenary session of the Council of Ministers chaired by Prime Minister Hun Sen via a Zoom call on July 9. “The law is aimed at increasing Cambodia’s potential at attracting more domestic and foreign investors,” Hun ...

The draft of the new investment law was approved by the Council of Ministers at a Friday morning meeting held under the presidency of Prime Minister Hun Sen via video conference. ...