Economy and commerce

Despite the widely condemned pre-election dissolution of the Cambodia National Rescue Party, the country’s only major opposition party, by the Supreme Court earlier this month, the heightened risk of political instability is expected to have limited short-term economic spill-over effects, according to an assessment from ...

The Cambodian government recently laid out the framework for the creation of a National Council of Logistics, a specialised interministerial team designed to tackle the high costs of the Kingdom’s logistics sector to promote the efficient flow of exports, according to a royal decree issued ...

A year after a local technology company introduced new software to combat financial crime in Cambodia, four banks have started using the system to fight against money laundering and terrorism financing, the company’s executive said yesterday. ...

Cambodia’s economy is predicted to remain strong and resilient for the next two years, fuelled by a shift to higher value-added manufacturing, despite lingering concerns over political stability and the slowed growth of both the construction and garment sectors, the World Bank said yesterday in ...

Delegates gathered at the Cambodia-Fujian Business and Tourism seminar in Phnom Penh yesterday to discuss opportunities for investment in the Kingdom through increased trade in both the energy and garment sector. ...

Vietnamese conglomerate Hoang Anh Gia Lai (HAGL) has shipped a total of over 9,000 tonnes of Cambodian bananas destined for the Chinese market since the firm first started exporting in July, a company representative said. ...

The Council for the Development of Cambodia (CDC) approved three new investment projects with a combined investment capital of nearly $8 million, according to a release.​ ...

Amru, Cambodia’s leading rice miller and exporter, on Friday signed a deal with Thai Starch Company to supply 8,000 tonnes of fresh organic tapioca and the first exports will be in early 2019. ...

In the wake of the dissolution of the Cambodia National Rescue Party last week by the Supreme Court, which effectively removes any viable opposition party from challenging next year’s national elections, the European Union issued a statement seemingly warning that the Kingdom’s preferential access through the Everything ...

The National Bank of Cambodia (NBC) announced on Friday that local banks and microfinance institutions (MFIs) can now issue corporate bonds or list equity securities on the nascent Cambodian stock market, a move industry insiders claim will help financial institutions raise capital and be less ...

The repercussions of last week’s political moves in Cambodia when the Supreme Court dissolved the main opposition party has left many wondering what the repercussions will be for local businesses. ...

Nippon Express, a Japanese company specialising in truck, rail and air transport services, is now eyeing an expansion of its operations in Cambodia, according to a recent government announcement. ...

The Kampot Pepper Promotion Association exported 60 tonnes of Kampot pepper during the first nine months of 2017 and aims to reach 80 tonnes by the end of the year. ...

The Ministry of Economy and Finance (MEF) recently decided to shrink the tax burden for local microfinance institutions (MFIs) by lowering withholding tax on interest from loans acquired from abroad from 14 to 10 percent, a move that the government claims will keep the massive ...

Cambodia and China signed a Memorandum of Understanding (MoU) on Friday to support the development of the Kingdom’s e-commerce business operations. ...

Cambodia has failed to finalise the terms of a massive 250,000-tonne delivery of rice to Bangladesh, with industry insiders claiming that shipments have been cancelled as millers do not currently have the stockpiles to meet export demand while hopes for further negotiations appear to be ...

The US multinational Walmart has said it will buy more garment, footwear and luggage products from Cambodia next year due to increased capacity from suppliers and improved labour conditions in the country. ...

During a meeting last week with a Vietnamese rubber association, Minister of Agriculture Veng Sakhon reminded Vietnamese investors of the many opportunities that the Cambodian agricultural sector offers and asked them to come to the kingdom to establish rubber and cassava processing factories. ...

The National Bank of Cambodia (NBC) will open a museum on finance and monetary matters in January 2018, a representative of the central bank has announced. ...

The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, has taken to Facebook to officially announce its decisions on investment projects, a move that a government official claimed yesterday will provide more transparent access for investors and ...

Ruling Cambodian People’s Party (CPP) lawmaker Hun Many reassured investors yesterday, saying the government was focusing on ensuring a good investment climate in the country underpinned by social stability. ...

As growing trade and investment linkages in Asia and the Pacific have helped to improve the region’s overall resilience to global economic and trade policy uncertainties, countries in the Greater Mekong Subregion (GMS) need to make swifter progress in streamlining trade through multilateral agreements that ...

A new centre will launch in April 2018 to train Cambodian migrant workers to work with elderly people in Japan. On Tuesday, Minister of Labour Ith Samheng said the Japanese company Procast Asia would establish the centre. ...

Cambodia’s garment and footwear exports will likely see a slower percentage of growth this year at around 5 percent, compared with 7 percent in 2016, a trend that industry insiders dismissed as not being indicative of an overall decline or linked to the current political ...