Economy and commerce
Cambodian exports to Japan up 8.4 per cent year-on-year
Cambodia exported more than $1.2 billion of products to the Japanese market in the first nine months of this year, up 8.4 per cent on the same period last year, data from the Japan External Trade Organisation (Jetro) shows. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodian-exports-japan-84-cent-year-year
Banks to expand amid sound macroeconomy
Some of Cambodia’s largest banks and financial institutions have announced plans to expand their businesses following solid macroeconomic performance so far this year. The National Bank of Cambodia (NBC) in July projected that the Kingdom’s economy is poised to have grown 7.1 per cent this year. ...
May Kunmakara
https://www.phnompenhpost.com/business/banks-expand-amid-sound-macroeconomy
Newbill meets Chamroeun
US embassy Deputy Chief of Mission Michael Newbill met with Preah Sihanouk provincial governor Kuoch Chamroeun on Wednesday to strengthen cooperation as the US wants to bring investors to the province. ...
Khorn Savi
https://www.phnompenhpost.com/national/newbill-meets-chamroeun
Kingdom to strengthen intellectual property culture with new EPO pact
Cambodia and the European Patent Office last week bolstered ties with the signing of a new cooperation agreement to increase awareness of patents and intellectual property in the Kingdom. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50657881/kingdom-to-strengthen-intellectual-property-culture-with-new-epo-pact/
Kingdom set to host Asean banking meet
Cambodia will host the 22nd Asean Banking Conference and the 49th Asean Banking Council Meeting, Association of Banks in Cambodia (ABC) president In Channy said on Thursday. Channy told The Post that the event will be organised by the ABC and will be held from ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-set-host-asean-banking-meet
Report: 28.1% of Cambodians take out loans for healthcare
A new report has found that 28.1 per cent of Cambodians borrow money to pay for healthcare, with microfinance insiders claiming it does not reflect the reality in the financial sector. The University of New South Wales (UNSW) surveyed 5,000 households across Cambodia and found ...
Thou Vireak
https://www.phnompenhpost.com/business/report-281-cambodians-take-out-loans-healthcare
Smart Axiata accounts for 1.5 per cent of GDP
Smart Axiata Co Ltd, the Kingdom’s leading mobile telecommunications operator, contributed nearly $374 million to the Cambodian economy last year, accounting for 1.5 per cent of gross domestic product (GDP), its CEO Thomas Hundt said on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/smart-axiata-accounts-15-cent-gdp
Kingdom lays out the welcome mat for renewable energy investment
The government welcomes investment from Germany in the Kingdom’s solar and renewable energy sector as local demand for electricity continues to rise between 15 to 20 per cent annually, Ministry of Mines and Energy official Victor Jona said on Tuesday in Phnom Penh. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-lays-out-welcome-mat-renewable-energy-investment
China to finance Preah Sihanouk development
Chinese Prime Minister Li Keqiang has agreed to a request from Cambodia to provide financial support for the development of Preah Sihanouk province. The request was made on Sunday by Prime Minister Hun Sen on the sidelines of the 35th Asean Summit and Related Summits ...
Ben Sokhean
https://www.khmertimeskh.com/50657174/china-to-finance-preah-sihanouk-development/
Cambodia seeking stronger economic, trade ties with US
The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said. The call was made at a meeting between the US Ambassador to Cambodia Patrick Murphy and Minister of Commerce Pan Sorasak during the ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-seeking-stronger-economic-trade-ties-us
GIZ fund of $4.5M to reinforce Kingdom’s SMEs
German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) will provide $4.5 million in aid to promote a small- and medium-sized enterprise (SME) development project in four Asean countries, including Cambodia. In Cambodia, Ministry of Industry and Handicrafts undersecretary of state Son Seng Huot ...
Thou Vireak
https://www.phnompenhpost.com/business/giz-fund-45m-reinforce-kingdoms-smes
China a market for fragrant rice
Cambodia is campaigning to boost its luxury fragrant rice exports to China, the world’s largest market, said Cambodia Rice Federation (CRF) vice-president Chan Sokheang on Thursday. Sokheang told The Post on Thursday that the CRF plans to achieve the quota that China provided Cambodia – ...
Hin Pisei
https://www.phnompenhpost.com/business/china-market-fragrant-rice
Kingdom will export one million tonnes of rice by 2022, says CRF
The Cambodia Rice Federation (CRF) has committed to raising the Kingdom’s rice exports to one million tonnes by 2022, its president Song Saran said on Wednesday. The comment was made at the Strategic Plan 2020-2023 Consultation Workshop, which was attended by CRF members, ministry representatives, ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-will-export-one-million-tonnes-rice-2022-says-crf
Export of fishery products sinks in first nine months
Cambodia exported 10,980 tonnes of fishery products in the first nine months of this year – down 0.5 per cent from the same period last year – a Ministry of Agriculture, Forestry and Fisheries report said. The Kingdom exported 7,000 tonnes of fresh fish (60 ...
Hin Pisei
https://www.phnompenhpost.com/business/export-fishery-products-sinks-first-nine-months
Cambodia’s ranking in World Bank index drops once again
The latest release of the World Bank’s ease of doing business index puts Cambodia in the 144th spot out of 190 countries, a drop of six places from a year ago. The 2019 ease of doing business index ranked the Kingdom 138th out of 190 ...
IMF: Cambodia’s economic growth to be highest in Asean
Cambodia’s economic growth is projected to be highest in the Asean region despite facing several challenges, the International Monetary Fund (IMF) said. In its latest Regional Economy Outlook published on Tuesday, the IMF predicts that the Kingdom’s economic growth will remain strong at seven per ...
Sorn Sarath
https://www.phnompenhpost.com/business/imf-cambodias-economic-growth-be-highest-asean
Investment in construction hits $6.5 billion: Ministry
Investment in construction in the Kingdom reached a new high during the first nine months of the year, amounting to $6.5 million, according to the latest government report. From January to September, investment in the sector grew by 34.7 percent compared with the same period last ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50652396/investment-in-construction-hits-6-5-billion-ministry/
Siem Reap to welcome $27mln Cambodia-China Cultural Park
The Council for the Development of Cambodia, a government agency that oversees investment, last week approved a large-scale tourism project in Siem Reap. ‘Cambodia-China Cultural Park,’ the project will be developed by Angkor International Culture Investment & Development (Cambodia) Co., Ltd with a capital of ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50651322/siem-reap-to-welcome-27mln-cambodia-china-cultural-park/
IMF mission projects positive economic outlook with possible downside risks
An International Monetary Fund (IMF) team led by Jarkko Turunen, deputy division chief of the Asia Pacific Department (APD) visited Phnom Penh to conduct discussions under what is known as the Article IV consultation. Under the Article IV consultation, IMF staff undertakes annual surveillance and analysis ...
Poovenraj Kanagaraj
https://www.khmertimeskh.com/50651166/imf-mission-projects-positive-economic-outlook-with-possible-downside-risks/
Czechs vow support over EBA
The Czech government on Monday pledged to support the Kingdom’s efforts to retain its Everything-but-arms trade status during Prime Minister Hun Sen’s visit to the republic. Mr Hun Sen is on a five-day official visit to Eastern Europe which started on Sunday. He met Czech Prime ...
Ben Sokhean
https://www.khmertimeskh.com/50651403/czechs-vow-support-over-eba/
Investment skyrockets this year
The Council for the Development of Cambodia (CDC) yesterday announced that it approved 831 investment projects, with a total investment capital of $22.5 billion, from 2016 to August 2019, according to its latest report. The report added that in the first eight months of the year, ...
Cambodia improves in WEF global competitiveness ranking
Cambodia, which has shed its status of ‘Sick man of Asia’ is becoming more competitive economically, and the world is starting to notice it. The 2019 Global Competitiveness Report, which was released by the World Economic Forum (WEF) on Oct 8, ranked Cambodia 106th out of ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50650070/cambodia-improves-in-wef-global-competitiveness-ranking/
ADB continues its support of Kingdom’s financial inclusion
The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support poor and rural households and improve their financial access, it said. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-continues-its-support-kingdoms-financial-inclusion
Climate change to delay Kingdom’s ascent to middle-income economy
Climate change will slow down Cambodia’s economic growth progressively over the next decades and delay the country’s graduation to middle-income economy by one year, recent government reports show. The ministries of Economy and Finance and Environment on Friday launched two research papers: ‘Addressing Climate Change Impacts ...