Economy and commerce

Cambodia exported 61,969 tons of dry rubber in the first six months of 2015, an increase of 47% from 42,189 tons over the same period last year, according to the Chinese State News Agency-Xinhua’s report. ...

The strong dollar might cause pain to Cambodia’s economy by reducing margins and purchasing power for both importers and exporters. ...

The value of Cambodia’s international trade increased by about 9 percent in the first six months of this year compared with the same period last year, according to the latest data from the Commerce Ministry. ...

Local tech startups discussed a possible reduction in the Ministry of Commerce’s business registration fees at a meeting on Saturday, to ease the initial financial burden on their businesses, given the difficulty in raising funds in Cambodia’s nascent tech market. ...

Faced with slower growth at home and rising labour costs, Chinese entrepreneurs are seeking foreign markets as never before.But as they rush abroad, they are grappling for the first time with unruly trade unions and meddlesome journalists. ...

Cambodia’s trade volume with foreign countries was valued at $ 9.75 billion in the first six months of 2015, an increase of 9.5 percent from $ 8.9 billion over the same period last year, according to Chinese News Agency-Xinhua quoted the ministry of commerce’s statistics. ...

Faced with slower growth at home and rising labor costs, Chinese entrepreneurs are seeking foreign markets as never before. But as they rush abroad, they are grappling for the first time with unruly trade unions, independent courts and meddlesome journalists. And for many, navigating the ...

Cambodia’s need to secure China as a rice export destination is becoming increasingly urgent, with China’s multiple pending agreements with other countries in Southeast and South Asia, said industry insider David Van. ...

Cambodia’s largest casino NagaWorld’s gross gaming revenue (GGR) grew for the first semester this year by 42 per cent to $255.4 million, compared to the $180.3 million reported for the same period in 2014. ...

A year after opening its first store in Cambodia, Japanese mall operator AEON has finalized plans for the construction of its second mall in the country. ...

A delegation of the American Chamber of Commerce in Hong Kong led by its president Richard R. Vuylsteke has been on a visit to Cambodia to study the investment environment in the country, according to state news agency- AKP.​​ ...

The number of cargo and cruise ships moving in and out of the port at Sihanoukville continues to increase. More than 2.2 million tons of cargo moved through the port in the first seven months of this year, officials say, an increase of some 200,000 ...

Following real estate tycoon Sok Bun’s resignation last month, Teho International, developers of the $500 million The Bay condominium and hotel project, have appointed Yim Chhay Line as a director to the board of the joint venture in Cambodia. ...

Chinese company Ratelong Inc has plans to build a rice research facility and set up an eco-tourism business in Mondulkiri, after the proposal was welcomed by the minister of commerce earlier this week.​ ...

Star 8 Asia will launch its electric-powered tuk-tuk showroom on August 28, hoping for robust demand from the city’s drivers. ...

Commerce Minister Sun Chanthol on Monday asked the World Bank and the European Union to review a trio of new trade agreements with Cambodia’s neighbors to determine what impact the deals would have on the country’s exports. ...

Growth in the general insurance sector was up 20 per cent for the first six months of the year, as the Kingdom continues to experience high growth and foreign firms pour money into the nascent industry, according to the president of the Insurance Association of ...

A visiting delegation from the American Chamber of Commerce in Hong Kong, which handles tens of billions of dollars in regional investment, says it raised concerns about the low threshold for forming unions in a pending new law during meetings with government officials Monday. ...

Less than a kilometer from the border with Vietnam in Tbong Khmum Province, Sok Sokha shades herself from the midday sun next to her small store. ...

Bank deposits and loans during the first half of this year grew significantly as compared with the same period in 2014, with loans alone increasing over 30 per cent, drawing mixed reactions from industry insiders on the risks of this rapid credit growth. ...

Cambodia’s commercial banks lent $11.9 billion to customers in the first half of this year, a 33 percent increase from the amount lent during the same time last year, according to a National Bank of Cambodia (NBC) report released Tuesday. ...

Industry insiders say that the looming Vietnam-EU free trade agreement, which gives Cambodia’s neighbour duty-free exports to the European market, may not have and immediate impact, but will potentially eat into similar advantages the Kingdom enjoys in the longer-term.​ ...

The Phnom Penh Municipal Court on Tuesday charged an employee of the Foreign Trade Bank of Cambodia over the theft of $1.6 million from the firm, a police official said. ...

The government wants Cambodia’s Muslim community to start its own bank to cater to the 600,000 Muslims living here, Labor and Vocational Training Ministry’s secretary of state Datuk Othsman Hassan said yesterday. ...