Economy and commerce

MoU signed to push financial literacy

Associations of Banks and Microfinance Institutions signed a Memorandum of Understanding on Monday with a FinTech federation to promote financial literacy and inclusion as part of a move towards greater digital adoption. ...

Prak Chan Thul
https://kiripost.com/stories/mou-signed-to-push-financial-literacy

Global Finance Forum aims to support Cambodia’s SMEs

Cambodia is hosting the Global SME Finance Forum, where more than 400 delegates from 60 countries gathered to learn and share ways to create an enabling environment to support SMEs and financial inclusion as Cambodian finance specialists say access to financing remains a major challenge ...

Thai Sothea
https://kiripost.com/stories/global-finance-forum-aims-to-support-cambodias-smes

Cambodia earns over $544 million from exports of rubber, rice in first 8 months

Cambodia had made a total of $544.1 million from the exports of dry rubber and milled rice during the first eight months of 2022, according to official reports on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501154882/cambodia-earns-over-544-million-from-exports-of-rubber-rice-in-first-8-months/

Phnom Penh to host inaugural tech expo

Phnom Penh will host the nation’s first tech expo, Cambodia Tech Expo CTX, in November, with a string of events, conferences and panel discussions aimed at strengthening the tech startup community and attracting investment opportunities. ...

Bun Tharum
https://kiripost.com/stories/phnom-penh-cambodia-tech-expo-ctx

Liger School students to launch Cambodian economy book

Students from Liger Leadership Academy are gearing up to launch a book on Cambodia’s economy after two years of research. ...

Bun Tharum
https://kiripost.com/stories/liger-school-students-to-launch-cambodian-economy-book-volume-2

HK Commerce Chief says Hong Kong will be Cambodia’s prime partner in tapping vast business potential

The Secretary for Commerce and Economic Development, Algernon Yau, met with the Cambodian business sector to promote Hong Kong’s business opportunities after attending the 6th Association of Southeast Asian Nations (ASEAN) Economic Ministers-Hong Kong, China Consultation in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501154159/hk-commerce-chief-says-hong-kong-will-be-cambodias-prime-partner-in-tapping-vast-business-potential/

Cambodia sets strategies for ASEAN amid changing economic system

Cambodia, as the Chair of the Association of Southeast Asia Nations (ASEAN) in 2022, has set out four key strategic thrusts under the ASEAN Economic Community Pillar, while the building process of the economic community has continued to be hindered by the constant changes of ...

Kang Sothear
https://www.khmertimeskh.com/501150835/cambodia-sets-strategies-for-asean-amid-changing-economic-system/

Cambodia highly values CLMV Action Plan in 2023-2024

Cambodia, the ASEAN Chair in 2022, applauded important discussions related to economic cooperation and development orientations among CLMV countries at the 14th Cambodia, Laos, Myanmar and Vietnam Economic Ministers’ Meeting (CLMV-EMM 14) in Cambodia, including the approval of the CLMV Action Plan for the 2023-2024 ...

Khmer Times Staff
https://www.khmertimeskh.com/501152800/cambodia-highly-values-clmv-action-plan-in-2023-2024/

Hong Kong eyes Cambodia as prime business partner

In a meeting with Cambodian business sector representatives, Hong Kong Secretary for Commerce and Economic Development, Algernon Yau, promoted Hong Kong’s business opportunities. ...

Khmer Times Staff
https://www.khmertimeskh.com/501153477/hong-kong-eyes-cambodia-as-prime-business-partner/

FinTech workshop responds to growth in digital economy

As more Cambodians tap into the benefits of mobile banking, the Ministry of Economy and Finance is preparing to host a workshop to address the role of the banking sector and FinTech in Cambodia’s digital economy. ...

Mao Sreypich
https://kiripost.com/stories/fintech-workshop-responds-to-growth-in-digital-economy

ASEAN seeks stronger economic partnerships with RoK, Russia

Economic ministers of ASEAN countries and the Republic of Korea (RoK) discussed the directions of negotiations for the upgrade of the ASEAN-Korea Free Trade Agreement (AKFTA) during their consultation meeting in Siam Reap, Cambodia, on September 16 within the framework of the 54th ASEAN Economic ...

Khmer Times Staff
https://www.khmertimeskh.com/501152439/asean-seeks-stronger-economic-partnerships-with-rok-russia/

ASEAN, India look for closer economic cooperation

Members of the Association of Southeast Asian Nations (ASEAN) and India on September 16 held the 19th consultation meeting on economic cooperation in Cambodia under the chair of Cambodian Minister of Commerce Pan Sorasak and India’s Minister of State for Commerce and Industry Anupriya Patel. ...

Khmer Times Staff
https://www.khmertimeskh.com/501152446/asean-india-look-for-closer-economic-cooperation/

Microfinance association claims NGO statement “biased”

The Cambodia Microfinance Association (CMA) regarded the commentary by NGOs and civil society organizations on the industry as “biased, incomplete, and cherry-picked”, taking just the negative parts of a report produced by Germany’s Federal Ministry of Economic Cooperation and Development (BMZ) into account while ignoring ...

Samban Chandara
https://www.phnompenhpost.com/business/microfinance-association-claims-ngo-statement-biased

SSEZ imports, exports surpass $1.7B in January-August

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) clocked in at $1.749 billion in the first eight months of 2022, marking a 27.39 per cent rise year-on-year from $1.373 billion, according to the operator. ...

Hin Pisei
https://www.phnompenhpost.com/business/ssez-imports-exports-surpass-17b-january-august

Cambodian PM encourages trade expansion in AFTA and RCEP framework

Hun Sen, Prime Minister of the Kingdom of Cambodia, has encouraged ASEAN to expand trade within the framework of ASEAN Free Trade Area (AFTA) and Regional Comprehensive Economic Partnership (RCEP). ...

Khmer Times Staff
https://www.khmertimeskh.com/501151276/cambodian-pm-encourages-trade-expansion-in-afta-and-rcep-framework/

Jan-Aug Japan trade surges 17%

Bilateral trade between Cambodia and Japan in the first eight months of 2022 rose by more than one-sixth on-year, in a trend expected to carry into the foreseeable future, largely driven by agricultural exports from the Kingdom. Still, the business community is calling for greater ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-aug-japan-trade-surges-17

H2 inflation to fall below 5%: NBC boss

Average year-on-year inflation for the second half (H2) of 2022 will fall below five per cent, on the back of improvements in economic activity, as gross domestic product (GDP) grows around five per cent over the period, National Bank of Cambodia (NBC) governor Chea Chanto ...

May Kunmakara
https://www.phnompenhpost.com/business/h2-inflation-fall-below-5-nbc-boss

Guatemala and Cambodia to foster culture and trade cooperation

The Republic of Guatemala is committed to further promote the cooperation on culture and trade with Cambodia. The commitment was made by Carlos Humberto Jiménez Licona, newly-appointed Ambassador of the Republic of Guatemala to Cambodia, while paying a courtesy call on Cambodian Acting Head of ...

Khmer Times Staff
https://www.khmertimeskh.com/501150469/guatemala-and-cambodia-to-foster-culture-and-trade-cooperation/

Cambodia calls for stronger regional ties

Prime Minister Hun Sen called for enhanced cooperation among countries in the region to achieve a sustainable economic recovery in a speech delivered on Sunday at a forum where experts also highlighted the benefits of green and digital transitions. ...

Khmer Times Staff
https://www.khmertimeskh.com/501150455/cambodia-calls-for-stronger-regional-ties/

New Zealand’s Phil Twyford to visit Cambodia to boost trade links with South East Asia

Minister of State for Trade and Export Growth Phil Twyford will travel to Cambodia this week to attend the Association of South East Asian Nations (ASEAN) Economic Ministers’ consultations. ...

Khmer Times Staff
https://www.khmertimeskh.com/501150483/new-zealands-phil-twyford-to-visit-cambodia-to-boost-trade-links-with-south-east-asia/

ASEAN Economic Club opens with call for inclusive and sustainable recovery

Cambodian Prime Minister Hun Sen launched the ASEAN Economic Club at a forum on Sept 12 with a call for enhanced cooperation among regional countries for sustainable and inclusive economic recovery. ...

Khmer Times Staff
https://www.khmertimeskh.com/501149786/asean-economic-club-opens-with-call-for-inclusive-and-sustainable-recovery/

Three new investment projects worth $16.5 million approved

The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of $16.5 million in Kampong Speu province and Phnom Penh capital. ...

Khmer Times Staff
https://www.khmertimeskh.com/501149801/three-new-investment-projects-worth-16-5-million-approved/

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