Economy and commerce

Kampong Chhnang Multi-Purpose Port and Logistics Centre will spend more than $300 million to promote the transportation of Cambodian products to local and international markets. ...

Cambodia’s exports of garments, footwear and travel (GFT) goods declined by nearly 25 percent in February 2023, compared to the same period in 2022, continuing a trend that started nearly six months ago raising fears of factory closures and job losses. ...

Cambodian goods exports to Vietnam amounted to $491.180 million in the first two months of 2023 – surging by 36.12 per cent over the same time last year – accounting for 45.28 per cent of bilateral trade, jumping up by 7.30 percentage points year-on-year, according ...

International tourism receipts clocked in at $1.415 billion last year, marking a 7.690-fold increase over $184 million in 2021, albeit still a 71.2 per cent decrease from 2019’s record $4.919 billion, according to the Ministry of Tourism’s Tourism Indicators 2022 report. ...

In the first two months of 2023, Cambodia exported nearly 100,000 tonnes of milled rice worth $72.67 million to 38 markets through 40 milled rice export companies, according to a report from the Cambodia Rice Federation (CRF). ...

Micro, small and medium-sized enterprises (MSMEs) constitute the backbone of Cambodia’s economy and account for 99.8 percent of its businesses. ...

Locally-owned KLP.T Transportation Co Ltd’s new multi-purpose port and logistics centre just east of Kampong Chhnang town is expected to provide a substantial boost to Cambodian freight movement, particularly of agricultural products from the provinces bordering Tonle Sap Lake to international markets. ...

The General Department of Trade Promotion at the Ministry of Commerce has cooperated with PTT Cambodia Ltd on a project to boost Khmer product sales at PTT gas stations in the capital and 15 provinces after the project was successfully implemented in 2022. ...

UNICEF and the NGO Save the Children jointly hosted a forum in Phnom Penh marking the 10th anniversary of the global launch of the “Children’s Rights and Business Principles”. These principles offer guidelines for businesses as they embed children’s rights into their business strategies and ...

South Korean-owned SPHP (Cambodia) Co Ltd’s under-construction $231 million, 80 megawatt (MW) Stung Pursat I hydropower dam is scheduled to be commissioned and operational in 2026, according to Pursat provincial governor Khoy Rida. ...

Phnom Penh has a total of more than 6,000 factories and small and medium enterprises that directly employ more than 510,000 workers, a Phnom Penh Capital Hall’s report showed yesterday. ...

A container freight station built with aid from Japan was inaugurated recently at Cambodia’s Sihanoukville Port Special Economic Zone (SPSEZ). ...

Lay Mengleang, a mango slicer at the Zhong Bao (Cambodia) Food Science & Technology Co., Ltd. here enjoyed a better pay after the factory has received a significant rise in purchase orders from China. ...

The construction of $230 million Stung Pursat hydropower I dam with a capacity of 80 megawatt is set to break ground soon, after the ground preparation at the construction site has been made since last year. ...

Cambodia’s apparel exports to Japan have continued to grow for the second consecutive year in 2022, despite a dip in shipments in 2020 due to the COVID-19 pandemic. In 2022, the shipment increased to $1,201.698 million after a recovery in 2021. Notably, the exports recorded ...

Indonesia was perhaps the brightest spot in Cambodia’s merchandise trade over January, with formal imports from and exports to the archipelago nation collectively clocking in at $88.045 million, marking a 95.87 per cent increase over the same month in 2022, according to Customs (GDCE). ...

The Ministry of Public Works and Transport held an event marking the third anniversary of personalised number plates for vehicles being introduced to the Kingdom. In the past three years, the ministry has generated around $28 million from the sales of personalised plates and another ...

Cambodia has welcomed the resumption of China Eastern Airlines flights to its Siem Reap cultural province, the country’s Ministry of Tourism said in a press statement on Saturday. ...

The Angkor Foundation has stated that almost 80,000 international tourists bought Angkor and Koh Ker tickets last month month – generating more than $ 3 million in ticket sales compared to 2022, an increase of more than 900% . ...

Some 3,748 new factories were opened last year providing jobs for 147,000 workers but 59,000 others were left unemployed when 491 factories closed down. ...

The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...

At least five investment projects on vehicle assembly have been approved and the constructions are set to be completed soon in Cambodia. ...

A delegation of Booyoung Co., Ltd., led by its Chairman Dr Lee Joong Keun, is seeking opportunities of investment in infrastructure and transport sector in Cambodia. ...

The Cambodian and Malaysian securities regulators are joining hands to facilitate better regulatory, supervisory and enforcement cooperation, as well as to develop both ASEAN nations’ securities markets, while factoring in the “growing globalisation and cross-border activities of regulated entities and persons in both countries”, according ...