Economy and commerce

The Council for the Development of Cambodia (CDC) heaped praise upon China yesterday for its continual support of the Kingdom, claiming that without its investment the local economy would never have managed to take off. ...

Despite a diplomatic row with the United States, the trade relationship between Cambodia and the US remains normal, said the Ministry of Commerce’s spokesperson yesterday. ...

The Ministry of Commerce has committed to joining up with the Thai Embassy in Cambodia to build a favourable business and investment climate between the Asean neighbours. ...

Cambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the ...

More than $30 million in Cambodian sand exports registered by Taiwan appear to be missing from Cambodia’s customs records, according to data from both governments, marking yet another large-scale discrepancy in the Kingdom’s figures on the trade. ...

More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday. ...

Private investigators have long operated in Phnom Penh’s seamy shadows, hired to follow and document the liaisons of philandering tycoons, help foreign authorities locate fugitives or track down missing persons. ...

Global Purify Power (GPP), a joint venture behind $400 million worth of solar powered projects, started groundbreaking work on Friday with more than $10 million worth of investment in Kampong Speu province. ...

Cambodia inked a memorandum of understanding with China yesterday that aims at providing better facilities for trademark and brand registration in both countries. ...

While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the ...

Cambodia is keen to grow Japonica rice and the Ministry of Agriculture is currently conducting field trials to explore the possibility. “We are currently studying how Japonica rice can be grown in the country and it will take three to four years to know the full ...

The deteriorating political climate in Cambodia and ramped up government rhetoric against the United States could end up jeopardising the Kingdom’s economic relations with the US, its largest single trading partner, analysts have warned. ...

China wants to import 300,000 tonnes of rubber from Cambodia by early next year, as the Cambodian government boosts its capacity for direct rubber exports to China. ...

Solar home systems are an appropriate solution to provide affordable, reliable and clean electricity in rural Cambodia, and the Green Microfinance Programme assists villagers to take out loans to purchase them. ...

Japan-based Kakegawa Yeat Pig Farm plans to invest $1 million to develop a large pig farm in Cambodia, according to local media reports. ...

Cambodia has suggested that the US review its Generalised System of Preference for Duty-Free and Quota Free (GSP-DFQF) granted to the kingdom, as a less developed country, in order for its exports to have better preferential access to the North American market. ...

The Securities and Exchange Commission of Cambodia (SECC) launched its “Excellence Program” today with the aim to help companies develop the capacity to prepare adequate financial reports, establish proper accounting principles and learn about how the growth board can provide additional funding sources. ...

The Cambodia Chamber of Commerce (CCC) has suggested that Russia set up the Russia-Cambodia Investor Council to pave the way for the private sector in both countries to be engaged with each other. ...

Cambodian officials and members from the private sector have refuted international media reports that claim the price for rice exports to Bangladesh will be set at $453 a tonne as part of a government-to-government deal that hopes to see 250,000 tonnes of white rice exported ...

Next year’s national election is unlikely to slow the rapid pace of bank lending growth but could put a temporary crimp in deposits, though the sector is expected to have sufficient liquidity to absorb the impact, according to a report released yesterday. ...

Knight Frank Cambodia, a leading independent real estate consultancy in Cambodia, released its latest half yearly commercial and residential report for 2017. The report highlights four main sectors: the office sector, retail sector, serviced apartment sector and condominium sector. ...

Prime Minister Hun Sen yesterday said he has rejected proposals for investment in seaweed plantations in Preah Sihanouk and Kep provinces. ...

A Japanese delegation from Osaka province has expressed its intention to invest in Cambodia’s agriculture sector, after its meeting with Commerce Minister Pan Sorasak. ...

Four ministries are pushing local producers, particularly small and medium sized enterprises (SMEs), to improve their quality, standards and packaging and to provide proper labels on their products to make them more attractive to supermarkets, restaurants and hotels and to boost recognition of local products ...