Economy and commerce
Trade pressures on Cambodia
Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration ...
Khmer Times Staff
https://www.khmertimeskh.com/501307802/trade-pressures-on-cambodia/
Cambodia eyes free trade agreement with Japan
Minister of Commerce Pan Sorasak urged all relevant parties to work together on the possibility of establishing a free trade agreement between Cambodia and Japan following a remarkable surge in exports of Cambodian products to Japan this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306688/cambodia-eyes-free-trade-agreement-with-japan/
PM predicts 5.6% economic growth
While meeting with nearly 20,000 garment workers from 12 factories in Tram Kak district, Takeo province on June 11, Hun Sen said that Cambodia’s economy grew exponentially in the two decades that preceded the Covid-19 pandemic. ...
Van Socheata
https://www.phnompenhpost.com/national/pm-predicts-56-economic-growth
Cambodia exports reach $9.18 billion in five months
Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306111/cambodia-exports-reach-9-18-billion-in-five-months/
Cambodia’s garment exports to Australia increase
Australia’s clothing imports from Cambodia have bucked the general trend of a decrease, with imports in the first quarter of 2023 increasing to $42.575 million compared with the same period last year. ...
Seng Mengheng
https://kiripost.com/stories/cambodias-garment-exports-to-australia-increase
ThaiQR accessible at 1.5m Cambodian retailers
Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...
Yatt Malai
https://kiripost.com/stories/thaiqr-accessible-at-150m-cambodian-retailers
Sihanoukville Autonomous Port CEO vows port will become regional hub
Lou Kim Chhun, government delegate in charge as chairman and CEO of Sihanoukville Autonomous Port, said he was determined to push the development of a new container terminal and deep-water port in Sihanoukville. ...
Van Socheata
https://www.phnompenhpost.com/business/sihanoukville-autonomous-port-ceo-vows-port-will-become-regional-hub
CCF, Japan counterparts, examine cooperation
Cambodia and Japan have agreed to examine the possibility of establishing cooperation in the realm of the protection of consumer rights. ...
Sok Raksa
https://www.phnompenhpost.com/business/ccf-japan-counterparts-examine-cooperation
PM Hun Sen says bilateral FTA with China boosts Cambodia’s exports
Cambodian Prime Minister Hun Sen said on Thursday that the Cambodia-China Free Trade Agreement (CCFTA), which took effect on Jan. 1, 2022, has given a boost to the kingdom’s exports to China. ...
Khmer Times Staff
https://www.khmertimeskh.com/501305373/pm-hun-sen-says-bilateral-fta-with-china-boosts-cambodias-exports/
China and HK Cambodia’s top rice exporters in first five months of 2023
China and Hong Kong have emerged as the top export markets for Cambodian milled rice, covering 42.43 percent of total exports worth $77.42 million. The 25 European countries accounted for 37.93 percent of exports worth $71.99 million, according to Cambodia Rice Federation (CRF). ...
Seng Mengheng
https://kiripost.com/stories/china-and-hk-cambodias-top-rice-exporters-in-first-five-months-of-2023
Cambodia seeks partners for planned Mondulkiri airport
Cambodia is looking for partners for the development of a planned airport in Mondulkiri province south of Sen Monorom town after PowerChina International Group Ltd (PIG) withdrew during the Covid-19 crisis and subsequent negotiations with other foreign companies fell through, according to a senior civil ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-seeks-partners-planned-mondulkiri-airport
Work begins on $1.3 billion 2nd expressway in Cambodia
Cambodia on Wednesday broke ground on the second Chinese-invested expressway connecting the capital Phnom Penh with Bavet City of Svay Rieng province on the border with Vietnam. ...
Khmer Times Staff
https://www.khmertimeskh.com/501304626/work-begins-on-1-3-billion-2nd-expressway-in-cambodia/
Cambodia earns $ 77.4 mln from milled rice export to China in first 5 months
Cambodia exported 118,041 tons of milled rice to China in the first five months of 2023, earning $ 77.4 million in revenue, said the Cambodia Rice Federation (CRF)’s press release on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501305365/cambodia-earns-77-4-mln-from-milled-rice-export-to-china-in-first-5-months/
Job opportunities increasing in manufacturing sector
Prime Minister Hun Sen said yesterday that the manufacturing sector is creating more jobs for Cambodians, which is helping to improve their livelihoods as the government has been taking several steps to attract more foreign investment to the country. ...
Chea Vanyuth
https://www.khmertimeskh.com/501304999/job-opportunities-increasing-in-manufacturing-sector/
Vietnam steps up trade promotion in Cambodia
The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)’s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501304682/vietnam-steps-up-trade-promotion-in-cambodia/
Cambodia and UAE to sign second commerce deal
Prime Minister Hun Sen has revealed that the government will sign another commerce agreement with the Commerce Ministry of the United Arab Emirates (UAE) to further support Cambodia’s economic growth. ...
Yatt Malai
https://kiripost.com/stories/cambodia-and-uae-to-sign-second-commerce-deal
Kingdom seeks partners for planned Mondulkiri airport
Cambodia is looking for partners for the development of a planned airport in Mondulkiri province south of Sen Monorom town after PowerChina International Group Ltd (PIG) withdrew during the Covid-19 crisis and subsequent negotiations with other foreign companies fell through, according to a senior civil ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-seeks-partners-planned-mondulkiri-airport
Jan-Apr exports to Singapore quadruple on-year
Cambodian goods exports to Singapore reached $223.843 million in the first four months of 2023, up 345.7 per cent year-on-year from $50.224 million and up 1,087 per cent half-on-half (compared to July-October 2022) from $18.9 million, according to provisional Customs (GDCE) data compiled in “International ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-exports-singapore-quadruple-year
EBA withdrawal not to impact Cambodia, says PM
Cambodia’s manufacturing sector will not be affected by the complete withdrawal of the Everything But Arms (EBA) preferential tariff line of the European Union (EU) expected in the near future, said Prime Minister Hun Sen, recently. ...
Manoj Mathew
https://www.khmertimeskh.com/501302667/eba-withdrawal-not-to-impact-cambodia-says-pm/
Koh Pich-Koh Norea bridge 90 percent completed
The bridge connecting Koh Norea in Niroth commune, Chbar Ampov district to Koh Pich, located in Tonle Bassac commune, Chamkar district, Phnom Penh, is about 90 percent completed and is scheduled to be completed by the end of 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501303381/koh-pich-koh-norea-bridge-90-percent-completed/
Cambodia, Thailand launch cross-border QR payment phase II
Cambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. ...
Chea Vanyuth
https://www.khmertimeskh.com/501303481/cambodia-thailand-launch-cross-border-qr-payment-phase-ii/
Naga 3 pushed back till Sept 2029
Hong Kong-listed casino operator and developer NagaCorp Ltd, known for its flagship NagaWorld integrated resort in Phnom Penh, on June 4 announced that it has moved the $3.5 billion Naga 3 project’s planned completion date from September 30, 2025 to exactly four years later, in ...
May Kunmakara
https://www.phnompenhpost.com/business/naga-3-pushed-back-till-sept-2029
SIM card bank scam warning issued
The Association of Banks in Cambodia is cautioning bank customers to avoid clicking on any suspicious links after a $100,000 loss by an ABA bank customer due to a SIM card-related account hack. ...
Mao Sreypich
https://kiripost.com/stories/sim-card-bank-scam-warning-issued
Free online courses to strengthen tourism SMEs’ digital and financial skills
Cambodia’s tourism SMEs can sign up to free modules delivered by PATA that focus on strengthening finance and digital skills in a post-pandemic world ...
Marissa Carruthers
https://kiripost.com/stories/free-online-courses-to-strengthen-tourism-smes-digital-and-financial-skills