Economy and commerce

The Council for the Development of Cambodia (CDC) has approved two more investment projects which are expected to create almost 687 jobs for the locals. ...

Credit Bureau Cambodia (CBC) has reported that the total outstanding loans in the first quarter of the year reached about $28.4 billion, up to 26 percent compared with the same period last year. ...

Three new investment projects with a total investment capital of US$7.9 million have received the green light from the Council for the Development of Cambodia (CDC).​ ...

Cambodia exported 186,205 tonnes of cashew nut to foreign markets in the first four months of this year, according to a report from the Ministry of Agriculture, Forestry and Fisheries. ...

China Good Cars Holding Ltd. has unveiled a US$160-million-worth investment project in a parking lot for heavy vehicles in Phnom Penh – aiming to contribute to reducing traffic congestion in the capital. ...

THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...

The state-run Agricultural and Rural Development Bank (ARDB) has called for small and medium enterprises (SMEs) to expand their agriculture-based processing productions and apply for low-interest rate emergency loans. ...

Hyundai Agro (Cambodia) will export fresh vegetables and other fresh ingredient from Cambodia to South Korea by the end of June this year, its managing director said. ...

Bilateral trade between Cambodia and the United States has been valued at $1.678 billion for the first quarter of 2020, representing a 35 percent increase compared with the same time last year, according to trade data from the US Government. ...

The Garment Manufacturers Association (GMAC) in Cambodia has reiterated an appeal to buyers to source their goods from Cambodia as the economic situation becomes worse with nearly 200 factories suspending their operations because of the COVID-19 pandemic. ...

The government’s new $100 million Small and Medium Enterprise Co-Financing Scheme has yet to approve any applications, receiving only some ínquiries pending approval, according to a bank representative. ...

Cambodia’s rice exports to China were 122,094 tonnes (41 percent), to the European Union 97,337 tonnes (32.4 percent), to Asean members 37,428 tonnes (12.5 percent) and to other destinations 43,393 tonnes (14.45 percent). ...

The two-way trade of Cambodia with Vietnam experienced a decrease during the first quarter of the year caused by the global pandemic. However, the trade volume with Thailand remained steady. ...

Revenue at Cambodia’s Angkor Archaeological Park has seen a staggering decline in revenue from April ticket sales, as extreme travel restrictions due to the COVID-19 pandemic decimated the Kingdom’s most famous attraction. ...

The Ministry of Agriculture, Forestry and Fisheries, Veng Sakhon said that the Cambodia’s rice exports to the international market grew by about 40.5 percent in the first four months. ...

Cambodia’s exports of garment and footwear products are expected to drop from 50 to 60 percent due to the impact of COVID-19 crisis during the second trimester of 2020. ...

Hundreds of garment factories in Cambodia and elsewhere in Asia are facing serious financial problems because clothing brands have either canceled their orders or stopped placing new ones over the past several weeks.  ...

The update was provided by Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, who said that Cambodia can now export its lemongrass. ...

The Central Bank has reported that the total value in the leasing industry was recorded at  1,169 billion KHR ($287million), an increase of about  63 percent in 2019 compared with the year before. ...

The inflow of foreign direct investment (FDI) into the real estate sector in Cambodia was estimated at more than $437.3 million in 2019, according to data from the just-issued National Bank of Cambodia’s (NBC) Annual Banking Supervision Report 2019. ...

Cambodia is closer to inking trade deals with developed economies despite the ongoing COVID-19 pandemic. Seang Thay, a spokesperson at the Ministry of Commerce, told Khmer Times yesterday that the free-trade agreement (FTA) negotiations between Cambodia, South Korea, China and ...

Cambodia will soon start cultivating sisal, an agave plant native to southern Mexico which produces a strong fibre, after China Great Cause (Cambodia) Investment Co Ltd received an economic land concession in Preah Vihear province to build a processing plant. ...

The government introduced an organic agriculture policy to boost production and export, according to a prakas from the Ministry of Agriculture, Forestry and Fisheries on Sunday. ...

Cambodia’s exports to Thailand skyrocketed in the first three months of this year, although the two countries have faced strict movement of cross-border trade because of the deadly COVID-19 pandemic. ...