Economy and commerce

Turkish direct flights some way off

Cambodia and Türkiye are accelerating efforts to establish direct flights between the two countries as soon as possible, although analysts acknowledged that discussions have been ongoing for several years. ...

Niem Chheng
https://www.phnompenhpost.com/business/turkish-direct-flights-some-way-off

Commerce chamber suggest Hungary open commercial office

The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...

Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office

Gov’t warns of fraudulent companies, urges cautious investment

There are other companies operating in similar form to disgraced former Oknha Leng Channa’s now-defunct Brilliant City World Co Ltd, which secretly defrauded people, Ky Tech, head of the government’s legal team, warned during a meeting attended by 267 people from several provinces in Phnom ...

Phak Seangly
https://www.phnompenhpost.com/national/gov-t-warns-of-fraudulent-companies-urges-cautious-investment

World Bank to improve education for disadvantaged kids with $79.5M fund

Education across Cambodia is set to receive a boost after the World Bank gave the green light for $79.5 million in additional financing to expand activities that are improving access to quality education nationwide. ...

Marissa Carruthers
https://kiripost.com/stories/world-bank-to-improve-education-for-disadvantaged-kids-with-795m-fund

Cambodia, India to link payment systems by June

Cambodia’s central bank, the National Bank of Cambodia (NBC), is set to launch a faster and more efficient cross-border payment system between Cambodia and India. The initiative will mark a significant expansion of Bakong’s reach, fostering economic activity between the two nations. ...

Chea Vanyuth
https://www.khmertimeskh.com/501497758/cambodia-india-to-link-payment-systems-by-june/

Kingdom, Turkey keen on $1B trade goal, direct flights

Cambodia and Turkey have agreed to increase bilateral trade with an annual target of $1 billion and also moved ahead with plans to operate direct flights between Phnom Penh and Istanbul. ...

Nhean Chamrong
https://www.khmertimeskh.com/501497762/kingdom-turkey-keen-on-1b-trade-goal-direct-flights/

Cambodia seeks Chinese investment in EV sector

Cambodia has invited Chinese investors to look into the opportunities unfolding in the electric vehicle (EV) sector in the country. ...

Manoj Mathew
https://www.khmertimeskh.com/501498921/cambodia-seeks-chinese-investment-in-ev-sector/

Cambodia seeks Chinese investment in EV sector

Cambodia has invited Chinese investors to look into the opportunities unfolding in the electric vehicle (EV) sector in the country. ...

Manoj Mathew
https://www.khmertimeskh.com/501498921/cambodia-seeks-chinese-investment-in-ev-sector/

Nimul urges local firms to go online with products

Cham Nimul, Minister of Commerce, yesterday, encouraged local companies, especially small and medium enterprises (SMEs), to register their products at ‘CambodiaTrade’ as well as explore the possibility of joining Alibaba.com to expand the market for Khmer products outside the Kingdom. ...

Nhean Chamrong
https://www.khmertimeskh.com/501495824/nimul-urges-local-firms-to-go-online-with-products/

CCC, China’s ACFIC join forces to enhance investment ties

The Cambodian Chamber of Commerce (CCC) and the All-China Federation of Industry and Commerce (ACFIC) have announced the collaboration to strengthen investment ties between the two nations. ...

Chea Vanyuth
https://www.khmertimeskh.com/501495806/ccc-chinas-acfic-join-forces-to-enhance-investment-ties/

Cambodia strengthens trade ties with Pakistan, Bangladesh

The Ministry of Commerce (MoC) yesterday inked an agreement with Pakistan to establish a joint committee aimed at elevating trade cooperation. ...

Nhean Chamrong
https://www.khmertimeskh.com/501496424/cambodia-strengthens-trade-ties-with-pakistan-bangladesh/

GDCE workshop updates officials on e-payment

In an effort to ensure customs and excise officials are updated on the latest in payments, the National School of Customs, General Department of Customs and Excise of Cambodia (GDCE), on Monday organized a workshop. ...

Rachel David
https://www.khmertimeskh.com/501496412/gdce-workshop-updates-officials-on-e-payment/

Minister of Commerce recommends five points to promote the export of Cambodian products

Cham Nimul, Minister of Commerce, on May 27, presided over the opening ceremony of the seminar on “Beyond Borders: Bringing Cambodian Products to Global Markets through Alibaba.com, ”which was attended by leaders of the Ministry of Commerce, representatives of the Ministry of Posts and Telecommunications, ...

Khmer Times Staff
https://www.khmertimeskh.com/501495567/minister-of-commerce-recommends-five-points-to-promote-the-export-of-cambodian-products/

MoC, NBC push for riel price tags

The Ministry of Commerce and the National Bank of Cambodia (NBC) recently held a high-level meeting to discuss strategies to encourage the use of Khmer Riel and decided to promote price tag labelling in national currency as an important step. ...

Chea Vanyuth
https://www.khmertimeskh.com/501495175/moc-nbc-push-for-riel-price-tags/

China promises to expand investments in Kingdom

China is ready to encourage more companies to expand investment in the Kingdom, boosting the economic corridors, accelerating the industrialisation process and strengthening cooperation in railways, roads, energy and agriculture. ...

Nhean Chamrong
https://www.khmertimeskh.com/501495145/china-promises-to-expand-investments-in-kingdom/

GDT tax collection falls in Q1

The General Department of Taxation (GDT) collected taxes totalling $1.18 billion during the January-March period this year, down 11.9 percent from $1.34 billion collected in the first quarter of 2023. ...

Chea Vanyuth
https://www.khmertimeskh.com/501493907/gdt-tax-collection-falls-in-q1/

AMRO forecasts rosier growth for Cambodia in 2024

According to a press release from the ASEAN+3 Macroeconomic Research Office (AMRO) on Thursday, Cambodia’s economy is predicted to grow robustly in 2024, driven by a rise in exports and a continued tourism recovery. ...

Khmer Times Staff
https://www.khmertimeskh.com/501494147/amro-forecasts-rosier-growth-for-cambodia-in-2024/

SERC to strengthen Cambodia’s derivatives market with IFC help

The Securities and Exchange Regulator of Cambodia (SERC) partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to bolster the development of Cambodia’s derivatives market. ...

Chea Vanyuth
https://www.khmertimeskh.com/501493215/serc-to-strengthen-cambodias-derivatives-market-with-ifc-help/

Bank lending to households posts weak growth, says NBC

With bank credit growth reaching its lowest in two decades in Cambodia, households’ mortgage loans posted weak growth in 2023, said the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501492423/bank-lending-to-households-posts-weak-growth-says-nbc/

CDC, CCC review 19th G-PSF progress

The Council for the Development of Cambodia (CDC) in collaboration with the Cambodia Chamber of Commerce (CCC) organised a meeting to review the progress of the 19th Government-Private Sector Forum (19th G-PSF). ...

Nhean Chamrong
https://www.khmertimeskh.com/501492411/cdc-ccc-review-19th-g-psf-progress/

Cambodia tops emerging markets FDI index 2024

Cambodia has topped a recent global index produced by the UK-based business publication, fDi Intelligence. ...

James Whitehead
https://www.khmertimeskh.com/501492453/cambodia-tops-emerging-markets-fdi-index-2024/

Kingdom’s food delivery business to net $170M

The food delivery business in Cambodia that got its momentum during the Covid-19 lockdowns is expected to make further strides and net a revenue of $170.2 million by the end of the current year. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501493191/kingdoms-food-delivery-business-to-net-170m/

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