Economy and commerce

Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...

Cambodia is seeing a notable recovery in its economy with a strong bounce back in the service sectors. However, the manufacturing sector, primarily the garment industry, finds itself grappling with external pressures. ...

Chinese customs authorized imports of fresh coconuts from Cambodia and fresh avocados from Venezuela starting on Monday, according to a notice by China’s General Administration of Customs (GAC). ...

Cambodia is planning to increase its milled rice exports to China by 20 percent, Prime Minister Hun Manet said yesterday dismissing critics who are sceptical about the increasing bilateral trade ties between both nations. ...

Prime Minister Hun Manet will travel to the US this week and the visit is expected to attract more American investors and businessmen to Cambodia. ...

Governor of the National Bank of Cambodia (NBC) Dr. Chea Serey participated in the Vaduz Roundtable Forum on “Financial System 2023” in Vaduz, Liechtenstein, late last week, to share NBC’s experience in financial system improvement. ...

Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...

During Prime Minister Hun Manet’s first official visit to Beijing, the two nations signed 15 Memorandums of Understanding (MoU) as part of a mutual pledge to further strengthen bilateral ties. ...

After being postponed three times, the Capital Gains Tax (CGT) will be implemented starting Jan 1, 2024, said Kong Vibol, director-general of the General Department of Taxation (GDT) on September 15. ...

The financial stability of a country is linked to its monetary policy, said Chea Serey, Governor of the National Bank of Cambodia, yesterday. ...

The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support ...

Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...

Cambodia exported 607,000 tonnes of Raw Cashew Nuts (RCN) to Vietnam in the first eight months of 2023 earning $820 million, a decrease of 15.8 percent compared to the same period last year. ...

Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet attended the third RCEP Economic and Trade Cooperation Business Summit under theme of “Integrating into RCEP’s More Open Market and Promoting Win-Win Asia-Pacific Cooperation” in Nanning, China’s Guangxi Zhuang Autonomous Region yesterday. ...

Trade between Cambodia and the Philippines is poised to cross the $100 million mark this year too as the economic ties between the two ASEAN Member States are growing stronger. ...

Premier Li Qiang stressed China’s readiness to bolster Belt and Road cooperation and uphold the centrality of the Association of Southeast Asian Nations in regional affairs during separate meetings with leaders of Laos, Vietnam, Indonesia and Malaysia over the weekend. ...

Premier Li Qiang reaffirmed on Sunday Beijing’s commitment to a neighborhood policy of amity, sincerity, mutual benefit, and inclusiveness in bolstering ties with the Association of Southeast Asian Nations, calling for a closer bond of interests between China and the 10-nation regional group. ...

Like many of her neighbors in Kampong Cham, Seang Sinath borrowed tens of thousands of dollars to invest in a tycoon’s land scheme, falling into overindebtedness when the company stopped paying her back. ...

Cambodia is poised to achieve its goal of exporting 1 million tonnes of rice annually by 2025, as indicated by the country’s rice exports reaching over 400,000 tonnes in the first eight months of the year. ...

Cambodia has signed new concessional loans with development partners totaling $787 million in the first six months of 2023, an increase of 24 percent compared to the same period last year. ...

Prime Minister Hun Manet addressed the opening ceremony of the 20th China-ASEAN Expo in Nanning, China, on September 16, expressing his belief that amid growing global uncertainties, the expo would provide an opportunity for the attendees to forge closer relations while helping to promote sustainable ...

Prime Minister Hun Manet would have become one of the four heads of government of the Association of Southeast Asian Nations (ASEAN) member states to attend the 20th China-ASEAN Expo (CAEXPO) on Sunday in the southern city of Nanning, Guangxi region of China. ...

Six new investment projects with a total capital of $34.6 million have been approved by the Council for the Development of Cambodia (CDC). ...

The Cambodia-China Industrial Park Project in the Guangxi Zhuang Autonomous Region serves as China’s primary access point for trade with ASEAN countries, facilitating exports and imports. ...