Economy and commerce

Cambodia imports oil products worth $2.17 bln in 2023

Cambodia’s imports of diesel fuel and petroleum oil declined by 7.6 percent in 2023, according to a report from the General Department of Customs and Excise on Sunday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501423161/cambodia-imports-oil-products-worth-2-17-bln-in-2023/

South Korean investors eye automotive expansion

South Korean investors have shown a strong interest in expanding their investment in the automotive sector, according to the Council for the Development of Cambodia (CDC). ...

Van Socheata
https://www.phnompenhpost.com/business/south-korean-investors-eye-automotive-expansion

South Korean investors eye automotive expansion

South Korean investors have shown a strong interest in expanding their investment in the automotive sector, according to the Council for the Development of Cambodia (CDC). ...

Van Socheata
https://www.phnompenhpost.com/business/south-korean-investors-eye-automotive-expansion

Cambodia-China trade continues to grow despite global demand slowdown

Cambodia-China trade continued to rise in 2023 despite a slowdown in global demand, thanks to the Regional Comprehensive Economic Partnership (RCEP) agreement and the Cambodia-China Free Trade Agreement (CCFTA), a commerce official and experts said on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501422036/cambodia-china-trade-continues-to-grow-despite-global-demand-slowdown/

USAID helps improve Cambodian cashew value chain

The U.S. Agency for International Development (USAID) is partnering with the Cambodia Cashew Federation to improve Cambodian cashew value chain through the Cashew Export Development Programme. ...

Khmer Times Staff
https://www.khmertimeskh.com/501420730/usaid-helps-improve-cambodian-cashew-value-chain/

Cambodia exports over 100 tonnes of Kampot pepper

Cambodia exported 103 tonnes of the renowned Kampot pepper, registered as a Geographical Indication in the European Union, last year, recording a decrease of 11 percent compared to 2022, a report of the Kampot Pepper Promotion Association showed yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501420426/cambodia-exports-over-100-tonnes-of-kampot-pepper/

Cambodia’s trade declines 1.9% to $46.82 billion in 2023

Cambodia’s international trade stood at $46.82 billion in 2023, recording a decline of 1.9 percent compared to 2022. While exports were marginally up by 1.8 percent, the imports showed a decline of five percent, according to the trade data released by the General Department of ...

Manoj Mathew
https://www.khmertimeskh.com/501421111/cambodias-trade-declines-1-9-to-46-82-billion-in-2023/

RCEP fuels regional growth amid economic recovery, challenges

Two years on, the world’s largest free trade pact in terms of population and trade volume, has unleashed tremendous benefits for regional integration in the Asia-Pacific region and powered up economic recovery. ...

Khmer Times Staff
https://www.khmertimeskh.com/501421396/rcep-fuels-regional-growth-amid-economic-recovery-challenges/

PM says Cambodia needs more qualified human resources

Prime Minister Hun Manet said Cambodia needs more qualified human resources that is why the Royal Government has decided to conduct strict education reform since 2014. ...

Khmer Times Staff
https://www.khmertimeskh.com/501420760/pm-says-cambodia-needs-more-qualified-human-resources/

Cambodia seeks 1.7 billion SDR loan for development projects

Cambodia has unveiled ambitious plans to secure a loan of 1.7 billion in Special Drawing Rights (SDR), or $2.3 billion, in 2024 for the development of key sectors. ...

Thang Sinorn
https://kiripost.com/stories/cambodia-seeks-17-billion-sdr-loan-for-development-projects

Milled rice exports increase 3% in 2023

In 2023, Cambodia exported more than 656,000 tons of milled rice worth $466 million​, marking a three percent growth in volume and 13 percent in value compared with 2022, according to Cambodia Rice Federation (CRF). ...

Yatt Malai
https://kiripost.com/stories/milled-rice-exports-increase-3-in-2023

Global economy will slow for a third straight year in 2024, World Bank predicts

That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...

Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts

Cart Tire revving up to raise capital investment to $700M

A Chinese car tyre manufacturer is planning to increase its investment in Cambodia by raising its capital to approximately $700 million, in a move aimed at enhancing production capacity and expanding exports to additional international markets. ...

Hin Pisei
https://www.phnompenhpost.com/business/cart-tire-revving-up-to-raise-capital-investment-to-700m

PM to make official visit to Bangkok

Prime Minister Hun Manet will make an official visit to Bangkok on February 7 to discuss ways to boost trade and investment with his Thai counterpart Srettha Thavisin, according to Thai media. ...

Yatt Malai
https://kiripost.com/stories/pm-to-make-official-visit-to-bangkok

SERC combat illegal investment schemes

The Securities Exchange Regulator of Cambodia (SERC) is actively seeking collaboration with relevant ministries and institutions to combat the illicit collection of public funds by unauthorised investors offering high returns. ...

May Kunmakara
https://www.phnompenhpost.com/business/serc-combat-illegal-investment-schemes

Footwear exports dip; sector shows signs of recovery

Cambodia netted over $1.2 billion from exporting footwear, gaiters and related articles in the first 11 months of 2023, marking a nearly 23% decrease year-on-year. However, the last few months of 2023 showed signs of gradual improvement, as reported by the General Department of Customs ...

Hin Pisei
https://www.phnompenhpost.com/business/footwear-exports-dip-sector-shows-signs-of-recovery

Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023

Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/

Export of agri-products touched $4.3B last year

Cambodia exported 8.4 million tonnes of agricultural products last year, earning around $4.3 billion in revenue, said a report from the Ministry of Agriculture, Forestry and Fisheries. ...

Chea Vanyuth
https://www.khmertimeskh.com/501419341/export-of-agri-products-touched-4-3b-last-year/

Siem Reap tourism vendor loans to be more accessible in 2024

The Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank), loan terms for tourism vendors in Siem Reap Province will be loosened from the beginning of 2024 to encourage more uptake of funds exclusively by Siem Reap-based entities to bolster the sector’s return to ...

James Whitehead
https://www.khmertimeskh.com/501418092/siem-reap-tourism-vendor-loans-to-be-more-accessible-in-2024/

Cambodian PM will visit Bangkok next month

Prime Minister Hun Manet will pay a one-day official visit to Thailand next month to strengthen the bilateral ties, according to an informed diplomatic source. ...

Khmer Times Staff
https://www.khmertimeskh.com/501419522/cambodian-pm-will-visit-bangkok-next-month/

Milled rice exporters optimistic

Cambodia  exported over 656,000 tonnes of milled rice in 2023, marking a 3% increase from the previous year and generating over $465 million in revenue, a rise of 13%, as reported by the Cambodia Rice Federation (CRF), the Kingdom’s apex rice industry body. ...

Van Socheata
https://www.phnompenhpost.com/business/milled-rice-exporters-optimistic

Firm to boost live shrimp exports to China in ’24

A Local firm is planning to increase its export of live mantis shrimp to the Chinese market this year, after several shipments proved to be a commercial success in the Chinese market in 2023. ...

Van Socheata
https://www.phnompenhpost.com/business/firm-to-boost-live-shrimp-exports-to-china-in-24

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