Economy and commerce

Kingdom’s rice exports rise 2%

Cambodian rice exports in the first nine months of the year rose two per cent year-on-year, led by the Chinese market, a Cambodia Rice Federation (CRF) report said. Rice exports to China increased more than 44 per cent, the report said, while exports to the ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-exports-rise-2

The macro challenges in Cambodia’s microfinance sector

In August, two local Cambodian organizations, Licadho and Sahmakum Teang Tnaut (STT) published Collateral Damage: Land Loss and Abuses in Cambodia’s Microfinance Sector, a report about the dangerous growth of the country’s microfinance sector. It spotlighted an issue that researchers have been warning about for years. A report ...

David Hutt
https://thediplomat.com/2019/10/the-macro-challenges-in-cambodias-microfinance-sector/

Sihanoukville aims to reform tourism landscape

Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...

Hin Pisei
https://www.phnompenhpost.com/business/sihanoukville-aims-reform-tourism-landscape

Sar Kheng: Cambodia is still negotiating to keep EBA, GSP status

Minister of Interior Sar Kheng has said that Cambodia is still trying to keep its access to the EU’s Everything But Arms (EBA) agreement and the US’ General System of Preferences (GSP) through negotiations. His remarks came during his mission to Germany from September 24 ...

Mech Dara
https://www.phnompenhpost.com/national-politics/sar-kheng-cambodia-still-negotiating-keep-eba-gsp-status

Thai, Cambodian SEC sign pact on capital markets

Cambodia and Thailand’s Securities Exchange and Commission (SEC) yesterday signed a memorandum of understanding (MoU) on mutual cooperation for capital market development through cross-listing, dual listing and depositary receipt offerings. ...

Bangkok Post Staff
https://www.bangkokpost.com/business/1752539/thai-cambodian-sec-sign-pact-on-capital-markets

State Bank of Vietnam strengthens relations with Cambodian partner

The State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) held a bilateral meeting in Phnom Penh, Cambodia on September 16 to exchange and share experiences on macroeconomic management, especially in finance and banking. ...

Nhan Dan Newspaper
https://en.nhandan.org.vn/business/item/7922402-state-bank-of-vietnam-strengthens-relations-with-cambodian-partner.html

Cambodia-US Trade Volume Reaches $3B in First Semester of 2019

Within the first seven month of 2019, Cambodia-US trade volume has reached over USD 3 billion, an increase of 29 percent compared to the same period in 2018, which was USD 2.3 billion. ...

Fresh News staff
http://en.freshnewsasia.com/index.php/en/localnews/15347-2019-09-18-04-42-45.html

Kith Meng re-elected as CCC president

Prominent businessman Kith Meng was re-elected yesterday as the president of the Cambodia Chamber of Commerce with the support of 15 presidents of chambers in Phnom Penh and provinces. ...

Chea Vannak
https://www.khmertimeskh.com/50643673/kith-meng-re-elected-as-ccc-president/

NGOs slammed over retraction refusal

The government yesterday slammed rights group Licadho and Sahmakum Teang Tnaut for refusing to attend a scheduled meeting and make a public statement retracting a critical report on the negative impacts of microloans. Last week, the two NGOs defended their research during a meeting with the ...

Ben Sokhean
https://www.khmertimeskh.com/50642142/ngos-slammed-over-retraction-refusal/

Cambodia ready to implement UN agreement on paperless trade: gov’t

The government last week said it is ready to implement a regional agreement on paperless trade signed two years ago. In August 2017, Cambodia signed the Framework Agreement on the Facilitation of Cross-border Paperless Trade in Asia and the Pacific. Speaking during a meeting last week ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50641266/cambodia-ready-to-implement-un-agreement-on-paperless-trade-govt/

CDC okays two S’ville hotels

The Council for the Development of Cambodia (CDC) last week approved two Chinese-invested hotel projects in Sihanoukville worth $379 million, it said in a Facebook post. The two five-star hotels by Xigang V-Continent International Investment Co Ltd and Hai Gang Grand Hotel Co Ltd have ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-two-sville-hotels

Ministry reveals informal rice export figures

In the first eight months of the year, Cambodia exported 1.6 million tonnes of paddy rice to neighbouring Vietnam through informal channels, a recent report from the Ministry of Agriculture revealed. That figure is significantly higher than the total amount of milled rice shipped abroad through ...

Chea Vannak
https://www.khmertimeskh.com/50640842/ministry-reveals-informal-rice-export-figures/

NGOs ordered to retract MFI report

The government yesterday ordered two NGOs to retract a critical report on the negative impacts of microloans after summoning their representatives for a meeting to defend their research. The report, published last month by Licadho and Sahmakum Teang Tnaut, featured seven case studies of abuse chosen ...

Khuon Narim
http://Khuon Narim

NGOs invited to discuss MFI report

Officials of NGOs Licadho and Sahmakum Teang Tnaut will attend a closed-door meeting at the Council of Ministers on Wednesday to explain the findings of their recent report claiming that increasing levels of debt at microfinance institutions (MFIs) has resulted in human rights violations. ...

Khorn Savi
https://www.phnompenhpost.com/national/ngos-invited-discuss-mfi-report

GDT: Chinese companies must fulfil duty obligations

The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-chinese-companies-must-fulfil-duty-obligations

Cambodia’s rice farmers in serious danger

Half a million Cambodian farmers could possibly be looking at empty rice bowls if the European Union (EU) pushes through with the withdrawal of its Everything But Arms (EBA) trade preference. While the garment and footwear sectors stand to lose the most if the EBA trade ...

Jason Thomas
https://theaseanpost.com/article/cambodias-rice-farmers-serious-danger

EU, Germany to provide $9M Asean fund

The EU and Germany have committed to help strengthen Cambodia’s economic integration with Asean member states by providing a €9.35 million ($10.5 million) fund to boost the Kingdom’s trade and investment in the region. The pledge falls under the Asean Regional Integration Support – Cambodia ...

Thou Vireak
https://www.phnompenhpost.com/business/eu-germany-provide-9m-asean-fund

Ministry: SMEs vital to economy, but 95% not registered

Small and Medium Enterprises (SMEs) are key factors in the Kingdom’s industrial sector growth, but around 95 per cent of Cambodia’s SMEs have not been properly registered, the Ministry of Industry and Handicraft said on Friday. ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-smes-vital-economy-95-not-registered

Gov’t: Being competitive key to growth

Minister of Commerce Pan Sorasak on Wednesday said the Cambodian government has focused on its competitiveness strategies and the growth of Industry 4.0 in the Kingdom to withstand the trends of global protectionism and geopolitical polarisation. Speaking at a workshop on “Cambodian Trade Integration Strategy ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-being-competitive-key-growth

Cambodia’s total mortgages near $3.5B

Mortgage loans in Cambodia continue to surge this year, according to Credit Bureau Cambodia (CBC). The credit body’s consumer report showed that outstanding mortgages hit $3.42 billion at the end of June. CBC’s data showed that loans have increased by 30 percent from the same ...

Hor Kimsay
https://www.khmertimeskh.com/50635423/cambodias-total-mortgages-near-3-5b/

Ministry submits rights report to European Commission

Foreign Affairs Ministry spokesman Ket Sophann yesterday said the government has submitted a report to the European Commission detailing efforts made to improve human rights in the Kingdom. The report, submitted on Tuesday, is in response to a 30-page note sent by the EC in March ...

Taing Vida
https://www.khmertimeskh.com/50634383/ministry-submits-rights-report-to-european-commission/

Cambodia's garment manufacturers group urges EU to maintain EBA for Cambodia

The Garment Manufacturers Association in Cambodia (GMAC) has urged the European Union (EU) to maintain the Everything But Arms (EBA) trade preferences for Cambodia, according to its statement released to the media on Thursday. The EU started in February the 18-month process that could lead ...

Xiaoxia
http://www.xinhuanet.com/english/2019-08/16/c_138313126.htm

Cambodia, Japan bilateral trade reaches $1B in first half

Bilateral trade between Cambodia and Japan reached more than $1 billion in the first half of this year, up 16 per cent year-on-year, according to data from the Japan External Trade Organisation (Jetro). Cambodia’s exports to Japan in the first half of this year grew ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-japan-bilateral-trade-reaches-1b-first-half

ILO: Cambodia’s footwear sector ripe for investment

Cambodia’s footwear sector will provide more opportunities for investment and production than the garment sector due to significant growth over the last five years, said an International Labour Organisation (ILO) research bulletin on Cambodia’s garment, textile, and footwear (GTF) industry. The bulletin said the footwear ...

Thou Vireak
https://www.phnompenhpost.com/business/ilo-cambodias-footwear-sector-ripe-investment

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