Economy and commerce
Phnom Penh to host Global SME Finance Forum
Global leaders in the finance sector are slated to gather in the Cambodian capital in September when Phnom Penh hosts the SME Finance Forum. ...
Bun Tharum
https://kiripost.com/stories/cambodia-phnom-penh-to-host-global-sme-finance-forum
Royal Group SEZ increases exports by $492.7m
Despite the pandemic, Royal Group Phnom Penh SEZ Plc. has reported an increase in exports of $492.7 million for the first seven months of the year, marking 26 percent year-on-year (YOY) growth. ...
Mao Sreypich
https://kiripost.com/stories/royal-group-sez-increases-exports-by-4927m
600 hectares of sea privatized for Kampot port project
Landfilling is underway off the shore of Kampot as the government has transferred 600 hectares to a private company to develop a $1.7-billion port. ...
Mech Dara
https://vodenglish.news/600-hectares-of-sea-privatized-for-kampot-port-project/
Solid ties with China bring great benefits to Cambodia
The solid relationship with China has provided great benefits to Cambodia’s socio-economic development and poverty reduction, a Cambodian academic said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501128682/solid-ties-with-china-bring-great-benefits-to-cambodia/
Japan to loan $383m to develop Sihanoukville Port
Cambodia and Japan have signed an agreement for Tokyo to provide up to $383 million in loans to expand Sihanoukville Autonomous Port’s terminal capability. ...
Chhorn Raksmey
https://kiripost.com/stories/japan-to-loan-383m-to-develop-sihanoukville-port
RCEP to bolster Cambodia-South Korea economic cooperation
Cambodia’s Foreign Minister Prak Sokhonn said here on Friday that the Regional Comprehensive Economic Partnership (RCEP) free trade agreement will be a booster for trade and investment relations between Cambodia and South Korea. ...
Khmer Times Staff
https://www.khmertimeskh.com/501126733/rcep-to-bolster-cambodia-south-korea-economic-cooperation/
Cambodia, EU vow to strengthen bilateral ties
Cambodia and the European Union have vowed to enhance bilateral ties for mutual benefits, a spokesman said on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501126740/cambodia-eu-vow-to-strengthen-bilateral-ties/
A $200m Japanese loan to upscale Sihanoukville Port
Plans are in place for Cambodia to sign a $200 million loan with Japan to jointly develop Sihanoukville’s deep-sea port to enable ships that weigh up to 1,200 tons to dock. ...
Chhorn Raksmey
https://kiripost.com/stories/a-200m-japanese-loan-to-upscale-sihanoukville-port
Customs tax income up 12 percent in H1
The General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. ...
Khmer Times Staff
https://www.khmertimeskh.com/501126217/customs-tax-income-up-12-percent-in-h1/
Singapore investors to help reboot Cambodia’s economy
Cambodia holds huge potential for Singaporean investors, who can play a role in helping the nation’s economy return to pre-pandemic levels by ploughing funds into infrastructure and other dominant sectors. ...
Bun Tharum
https://kiripost.com/stories/singapore-investors-to-help-reboot-cambodias-economy
Cambodia-China bilateral trade hits $11b
Cambodia and China’s bilateral trade hit more than $11 billion last year, Prime Minister Hun Sen said on Wednesday as he asked visiting Chinese Foreign Minister Wang Yi to increase economic exchange to reach $15 billion. ...
Seng Mengheng and Prak Chan Thul
https://kiripost.com/stories/cambodia-china-bilateral-trade-hits-11b
Gov’t releases economic diversification report
The Council of Ministers released a summary report yesterday on key multi-sector achievements during the last five years from 2017 to 2021, which includes economic diversification of the country to showcase the Cambodian government’s continuous efforts to overcome obstacles and challenges, in particular, the Covid-19 ...
Kang Sothear
https://www.khmertimeskh.com/501125020/govt-releases-economic-diversification-report/
Inflation in Kingdom expected to drop to 3.2 pct
In the second half of 2022, inflation rate is forecasted to decline to 3.2 percent after rising to 6.5 percent in the first half of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501124651/inflation-in-kingdom-expected-to-drop-to-3-2-pct/
NBC sees Cambodia’s GDP growth at 5.3% in 2022
Global growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). ...
Chea Vanyuth
https://www.khmertimeskh.com/501123527/nbc-sees-cambodias-gdp-growth-at-5-3-in-2022/
Preah Sihanouk firm aims to make eco-SEZ
Kampong Seila Special Economic Zone Co Ltd on July 29 signed a memorandum of understanding (MoU) with Environmental Protection Industry Associations of Cambodia (EPIAC) in a bid to promote environmental protection at the namesake special economic zone (SEZ) in Preah Sihanouk province and enhance its ...
Hin Pisei
https://www.phnompenhpost.com/business/preah-sihanouk-firm-aims-make-eco-sez
Japan cashew sales may resume September
Cambodia’s sole exporter of cashew nuts to Japan is set to resume shipments in mid-September, after it sent its last consignment in March, before Tokyo began requesting an additional certificate, a requirement it had waived in light of Covid-19, according to the enterprise’s owner. ...
Hin Pisei
https://www.phnompenhpost.com/business/japan-cashew-sales-may-resume-september
Cambodian debt stands at $9.81b
In the last three months, Cambodia paid $183 million in foreign debt, with total debt standing at $9.81 billion. However, authorities remain unconcerned, claiming funds are being funneled into investment and development. ...
Seng Mengheng and Chhorn Raksmey
https://kiripost.com/stories/cambodian-debt-stands-at-981b
Cambodia’s garment, footwear, travel goods exports up 40 pct in H1 of 2022
Cambodia’s garment, footwear and travel goods industry has seen a 40-percent rise in exports in the first half of this year, according to a report from the General Department of Customs and Excise. ...
Khmer Times Staff
https://www.khmertimeskh.com/501123902/cambodias-garment-footwear-travel-goods-exports-up-40-pct-in-h1-of-2022/
Poverty rate dropped to 17.8% in 2020
The poverty rate in Cambodia fell to 17.8% in 2020, from nearly 40% in 2009, according to a senior official at the Ministry of Planning. ...
Sok Sithika
https://www.khmertimeskh.com/501122948/poverty-rate-dropped-to-17-8-in-2020/
Phnom Penh-Sihanoukville Expressway to boost economic impetus
Cambodia will benefit significantly from the Phnom Penh-Sihanoukville expressway project such as faster and cost-efficient transport and logistics. ...
Khmer Times Staff
https://www.khmertimeskh.com/501123301/phnom-penh-sihanoukville-expressway-to-boost-economic-impetus/
Over $300 million worth tyre plant planned in Sihanoukville SEZ
A Chinese firm plans to invest over US$300 million to construct a largest tyre plant at Sihanoukville Special Economic Zone (SSEZ) in Preah Sihanouk province in 2023 ...
Khmer Times Staff
https://www.khmertimeskh.com/501123315/over-300-million-worth-tyre-plant-planned-in-sihanoukville-sez/
Sihanoukville SEZ exports $1.3b in six months
Sihanoukville Special Economic Zone’s (SSEZ) exports were worth $1.3 billion during the first half of 2022, marking a year-on-year increase of almost 40 percent, according to the Ministry of Labor and Vocational Training. ...
Penh Chamroeun
https://kiripost.com/stories/sihanoukville-sez-exports-13b-in-six-months
Cambodia attracts $3 billion investment in first half
Cambodia attracted a fixed-asset investment of almost $3 billion in the first half of this year, reflecting the firm confidence of investors in the Kingdom’s growth prospects. ...
Chea Vanyuth
https://www.khmertimeskh.com/501118473/cambodia-attracts-3-billion-investment-in-first-half/
Cambodia exports to South Korea up 22% H1
Cambodia exported $111.35 million worth of merchandise to the Republic of Korea in the first half of this year, a 22 percent increase year-on-year, according to a report by the General Department of Customs and Excise. ...
Chea Vanyuth
https://www.khmertimeskh.com/501119197/cambodia-exports-to-south-korea-up-22-h1/