Economy and commerce

While some sectors in the country have been hit by the COVID-19 pandemic this year, the capital market in contrast saw growth in terms of listing companies and investors, said Sou Socheat, director-general of the Securities and Exchange Commission of Cambodia (SECC). ...

A lot of young Cambodian adults now want to operate their own business rather than working for others. This trend has been rising year-on-year because they think working for themselves would help them become rich rapidly. ...

Foreign investors have asked the Cambodia government to reduce the cost of a certificate of origin (CO), which is currently far more expensive than other countries in ASEAN.​ ...

The German government has pledged to support Cambodia’s small and medium enterprise (SME) sector to be more competitive, focusing on the agro-industry and food processing. ...

Cambodia’s cashew nut prices slightly dropped because of border closures caused by the COVID-19 pandemic, although some goods are being let through. ...

The  $30 million Worldbridge SME (small and medium enterprise) Cluster will break ground next month, according to a senior executive of Worldbridge Industrial Developments, the company behind the Industry 4.0 infrastructure.​ ...

A nationwide COVID-19 economic impact study has found that overall salaries across Cambodia have decreased by around 30 percent in just four months (between January and April this year) with entertainment and sex workers reporting an 85 percent decline in income. ...

The price of  Cambodia’s premium fragrant rice export market is promising compared with Thailand and Vietnam’s, according to a rice exporter. ...

National Bank of Cambodia yesterday launched a book called “Building Inclusive Finance”. It traces the development of microfinance in Cambodia from its origins in rural development programmes in the early 1990s to the globalised industry it is today.​ The book was written by Ron Bevacqua, ...

The Weekend Market, one of the major activities of Accelerating Inclusive Markets for Smallholders (AIMS) project, will be extended to other targeted provinces and Phnom Penh capital in the near future, to promote local agro-commercial products. ...

The Ministry of Economy and Finance’s General Department of Customs and Excise is planning to temporarily restrict wine and cigarette imports at some border checkpoints to prevent tax evasion and improve tax collection. ...

Cambodia is moving towards developing non-textile industries with a policy calling for sustainable growth and economic diversification. To ensure progress, the government will continue implementation of the Cambodia Industrial Development Policy 2015-2025, said a press release on the results of a Cabinet meeting chaired by Prime ...

Cambodia and South Korea ended the second round of their negotiations on free trade agreement (FTA) today with positive progress. ...

Cambodia and South Korea will finalise the second round of Cambodian Korean Free Trade Agreement (CKFTA) today as both nations look to diversify their trade portfolio. The four-day talks started on Aug 31 and were held virtually because of COVID-19 travel restrictions. ...

Cooperation in trade and investment, human resources, and post-pandemic economic recovery will be the focus of a 2021-2022 joint plan of action freshly adopted by Cambodia, Laos, Myanmar and Vietnam (CLMV) at the 12th CLMV Economic Ministers Meeting. ...

The beginning of this season’s rice harvest has been slower than in 2019. This has been brought about by drought causing slower seed-planting, resulting in some farmers having to replant and harvest has now been extended into December. ...

The Ministry of Commerce is calling on businesses, entrepreneurs, investors and producers to participate in the World Expo and International Trade Exhibitions. ...

Some of Phnom Penh’s most renowned museums have seen a drop in visitors of up to 95 percent because of the COVID-19 pandemic and lack of tourism, leaving worries about theír future  and staff cutbacks. ...

Kampot pepper, a certified geographical indication (GI) product, and along with other organic and non-GI peppers are now struggling with market’ demand as sales fall drastically. ...

Representatives from six universities in Cambodia and the Ministry of Education, together with a member of the World Bank discussed ways to help students to make some money related to the agriculture sector, processing and related work. ...

Cambodia is moving to reach its industrial development policy (IDP) goal by 2025 with progress well on track, according to a report. ...

As the deadline draws close for commercial banks and microfinance institutions to send back smaller dollar banknotes to the National Bank of Cambodia without a service charge, businesses are seeing an increase in the use of the riel transactions with no real complaints from shoppers. ...

The Council for the Development of Cambodia (CDC) has given the green light to five new investment projects with a total investment capital of $58 million.​According to the council’s press release issued this morning, the newly approved projects are expected to create about 800 jobs ...

The Asian Development Bank (ADB) has outlined the three key areas of safety, data management and environmental sustainability for the Cambodian and regional transport industries during and after the current COVID-19 pandemic. ...