Economy and commerce
Japan calls for policy changes
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/japan-calls-policy-changes
EU partially withdraws EBA
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 ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/eu-partially-withdraws-eba
CDC unveils system to manage imports
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. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-unveils-system-manage-imports
Cambodia’s exports to Thailand increase by 195% in 2019
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. ...
Khmer Times Staff
https://www.khmertimeskh.com/50689838/cambodias-exports-to-thailand-increase-by-195-in-2019
Still no word about EBA but rice likely unaffected
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 ...
Khorn Savi
https://www.phnompenhpost.com/national/still-no-word-about-eba-rice-likely-unaffected
Rice exports down 15% year-on-year in January
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/rice-exports-down-15-year-year-january
China will support Kingdom despite EBA withdrawal: Official
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. ...
Sun Mesa
https://www.khmertimeskh.com/50688230/china-will-support-kingdom-despite-eba-withdrawal-official
Cambodia-UK trade still alive after Brexit: Ministry of Commerce
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 ...
Chea Vannak
https://www.khmertimeskh.com/50688294/cambodia-uk-trade-still-alive-after-brexit-ministry-of-commerce
Cambodia plans to export rice to Kuwait
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. ...
Chea Vannak
https://www.khmertimeskh.com/50688095/cambodia-plans-to-export-rice-to-kuwait
Chamber president calls for stronger South Korea business ties
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/chamber-president-calls-stronger-south-korea-business-ties
Pilot project to boost e-commerce for Kingdom’s SMEs
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. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50686950/pilot-project-to-boost-e-commerce-for-kingdoms-smes
Kingdom has high hopes over UK trade privilege retention
Cambodia’s government is hoping to retain its preferential trade status with the UK after it left the European Union. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50686838/kingdom-has-high-hopes-over-uk-trade-privilege-retention
CDC approves seven projects in January
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-approves-seven-projects-january
Thai firm to build plant in Pursat
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/thai-firm-build-plant-pursat
Growth forecast falls to 6.5% as gov’t eyes more exports to US
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/growth-forecast-falls-65-govt-eyes-more-exports-us
Private sector leaders to meet with Hun Sen
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 ...
Hin Pisei
https://www.phnompenhpost.com/business/private-sector-leaders-meet-hun-sen-0
Rubber exports rise by 30% year-on-year
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-rise-30-year-year
NBC’s digital payments to go live in next few months
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 ...
May Kunmakara
https://www.phnompenhpost.com/business/nbcs-digital-payments-go-live-next-few-months
Exports from SEZs soar 27% year-on-year
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 ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-sezs-soar-27-year-year
Hun Sen calls on Vietnam to invest in rice processing sector
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-calls-vietnam-invest-rice-processing-sector
Circulation of riel rises 33%
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 ...
Hin Pisei
https://www.phnompenhpost.com/business/circulation-riel-rises-33
$4M solar farm investment launched in the Kingdom
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 ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50680533/4m-solar-farm-investment-launched-in-the-kingdom
LNG imported from China to Cambodia
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 ...
Chea Vannak
https://www.khmertimeskh.com/50680059/lng-imported-from-china-to-cambodia
Malaysia urged to invest in waste management
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 ...
Ry Sochan
https://www.phnompenhpost.com/national/malaysia-urged-invest-waste-management