Economy and commerce

Representatives of Japanese companies and investors on Wednesday submitted a list of policy recommendations to the government concerning 21 challenges to the Kingdom’s business climate. Japanese Ambassador to Cambodia Masahiro Mikami and leaders of the Japanese Business Association in Cambodia (JBAC), Japan International Cooperation Agency and ...

The EU Commission on Wednesday announced the partial withdrawal of the Everything But Arms (EBA) scheme, citing a serious and systematic violation by Cambodia of principles in the four core human and labour rights. The suspension affects one-fifth or €1 billion ($1.08 billion) of Cambodia’s ...

The Council for the Development of Cambodia (CDC) has announced a new service that aims to facilitate imports for investment projects, according to an announcement issued on Monday. ...

Latest data from the Ministry of Commerce shows that from January to December last year, Cambodia exported some US$2.27 billion worth of products to Thailand, up 195 percent compared to a year earlier. ...

Officials on Monday said the government had not received an official statement regarding the EU’s potential withdrawal of Cambodia’s Everything But Arms (EBA) scheme. The EU launched the EBA withdrawal procedure on February 12, citing “a deterioration of democracy [and] respect for human rights” in ...

Cambodia exported 50,450 tonnes of rice worth $39 million to the international market in January, down 15.39 per cent compared to the same period in 2018, Cambodia Rice Federation (CRF) secretary-general Lun Yeng said on Sunday. Yeng told The Post that Cambodian rice exports to ...

President Xi Jinping has reassured Prime Minister Hun Sen that China will continue to support the Kingdom’s economy despite a potential Everything-but-arms suspension by the European Commission this month. ...

Trade relation between Cambodia and the United Kingdom will improve in the future, said a senior official at Ministry of Commerce. The comments were made after the UK officially left the European Union on Jan 31 but is in a so-called transition period until Dec ...

Cambodia plans to export milled rice to Kuwait, according to senior officials at the Ministry of Commerce, in what was described as market diversification. The ministry announced the purchase agreement has been scheduled for signing next month. ...

Cambodia Chamber of Commerce (CCC) president Kith Meng on Tuesday called for stronger business and investment relations between the Kingdom and South Korea. He was speaking on the sidelines of the World Summit 2020 in Seoul, South Korea, after a meeting between the Korea International ...

The Ministry of Commerce has launched Go4eCam, a pilot project that aims to realise the benefit of e-commerce for the nation’s small and medium-sized enterprises (SMEs), a sector that is currently playing an important role in the country’s economic growth. ...

Cambodia’s government is hoping to retain its preferential trade status with the UK after it left the European Union. ...

The Council for the Development of Cambodia (CDC) approved seven garment and travel goods investment projects last month, worth $33.4 million. The figures were released by CDC throughout the month and calculated by The Post. The EU is scheduled to decide whether to keep or withdraw ...

Thai-based Precise Electric Manufacturing Co Ltd is planning to build an electric equipment plant in Pursat province to cash in on the high demand in the Kingdom. The announcement was made during a meeting between Pursat provincial governor Mao Thornin and the firm’s representatives on ...

The government downgraded its economic growth forecast for this year to 6.1 per cent from its earlier 6.5 per cent projection, Ministry of Economy and Finance undersecretary of state Phan Phalla said on Thursday. Speaking at a public forum on Macroeconomic Management and Budget Law ...

The private sector will meet with Prime Minister Hun Sen in April for the 19th Government-Private Sector Forum, which aims to address issues being faced by the business community. Lim Heng, vice-president of the Cambodia Chamber of Commerce (CCC) and director of coordination for the ...

Cambodia exported more than 282,071 tonnes of rubber last year, a 30 per cent increase from 2018’s 217,501 tonnes, a Ministry of Agriculture, Forestry and Fisheries report said. The commodity reeled in $377 million in revenue last year, up 32 per cent from 2018’s $286 ...

The National Bank of Cambodia (NBC) will launch a Blockchain-based, peer-to-peer payment and money transfer platform in the next few months, its director-general Chea Serey told The Post on Monday. Dubbed ‘Project Bakong’, the scheme already has the support of 11 banks, with many more ...

Cambodia’s exports through the special economic zones (SEZs) last year increased by about 27 per cent compared to 2018, Minister of Economy and Finance Aun Pornmoniroth said on Thursday. Speaking during a visit to the Phnom Penh Special Economic Zone (PPSEZ), Pornmoniroth said the total ...

Prime Minister Hun Sen on Friday called on the Vietnamese to invest in the Kingdom’s rice processing sector. Speaking at an annual dinner with the Vietnamese business community in Cambodia ahead of Tet – the Vietnamese Lunar New Year – Hun Sen said the Kingdom’s ...

The share of riel in circulation in the Kingdom grew by about 33 per cent year-on-year by last year’s end as deposits in riel increased by 37 per cent, said the National Bank of Cambodia (NBC) 2019 Review and 2020 Outlook report. The report noted ...

Pestech International, a Malaysian company that specialises in solar power technology and infrastructure, has expanded its presence in the Kingdom.​​ The Edge Markets reported yesterday that Pestech has acquired a 94 percent stake in Green Sustainable Ventures (Cambodia). The investment is worth $4 million, according ...

Local business Cambodian Natural Gas Co Ltd and Chinese firm CNOOC Gas Power Group Co Ltd teamed up in importing liquefied natural gas (LNG) to distribute within Cambodia’s market. The company’s officers said the cooperation is to import the LNG to supply  demand in the ...

Minister of Environment Say Sam Al on Tuesday welcomed Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim and encouraged Malaysians to invest in the Kingdom’s waste management sector. The Ministry of Environment said in a Facebook post: “Say Sam Al encouraged and warmly welcomed cooperation ...