Economy and commerce

China is willing to deepen pragmatic financial cooperation with regional countries and promote innovative regional cooperation to better grapple with global growth challenges and drive up regional growth, an official said. ...

Mainboard-listed commercial bank ACLEDA Bank Plc’s net profit for the first quarter ended March 31 fell 20 per cent to $35.36 million from $44.10 million last year as a result of widening net impairment loss, interest expense, and general and administrative expenses. ...

Cambodia netted $241.41 million from exports to Canada in the first quarter of 2022, marking an 8.1 per cent rise year-on-year from $223.23 million, and accounting for 98.2 per cent of bilateral trade over the period, according to Customs. ...

The Council for the Development of Cambodia (CDC) has approved four new investment projects with a total capital of $13.9 million. ...

Withdrawal of Everything But Arms (EBA) from Cambodia has evoked mixed reaction from economic experts and labour unions in the country. While economic experts claimed it would not affect badly, labour unions have raised concerns and urged the government to deal with European Union (EU) ...

Cambodia netted more than $516 million from the export of paddy and milled rice in the first four months of 2022, despite uncertainty brought upon by Covid-19 outbreaks in key markets. ...

A major rice husk biomass power plant in southeastern Phnom Penh’s Chbar Ampov district is still on track to be completed and start operations by July, a press release confirmed on May 5.   ...

Cambodia exported 221,138 tonnes of milled rice and 1,648,474 tonnes of un-milled rice, with a total value of $516.21 million in the first four months of 2022, according to a release from the Cambodia Rice Federation (CRF). ...

Prime Minister Hun Sen has met with a number of major US companies who have expressed interest in investing in Cambodia, in a meeting convened by the US-ASEAN Business Council (US-ABC).   ...

The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province.   ...

The Council for the Development of Cambodia (CDC) has approved six new investment projects with a total investment of more than $150 million. ...

A delegation of Japan-based FORVAL Corporation is eying more trade and business potential in Cambodia. ...

Cambodia’s exports to the member countries of the Regional Comprehensive Economic Partnership (RCEP) totaled $1.956 billion in the first three months of this year, up 11 percent over the same period last year, according to data from the Ministry of Commerce. ...

Cambodia and the Republic of Korea have discussed trade potential between both countries, mainly the import of Cambodian mangoes. ...

The significance of investment governance for inclusive, sustainable development is often overlooked, including by stakeholders who work on natural resource governance and social and environmental issues. And yet, investment governance plays a major part in shaping the outcomes of their efforts. ...

Cambodia approved 52 fixed asset investment projects worth $2.46 billion in the first four months of 2022, according to a report by the Council for the Development of Cambodia (CDC) on Tuesday. ...

The Regional Comprehensive Economic Partnership (RCEP) trade agreement has boosted Cambodia’s economy in a big way, with export to member countries of the pact hitting $1.95 billion in the first quarter (Q1) this year —up by 11 per cent from $1.75 billion over the same ...

China’s foreign direct investment was on the rise in Cambodia last year despite Covid-19, showing positive confidence of investors in Cambodia as the country fully resumed its socio-economic activities, particularly the bilateral trade pact. ...

Cambodia’s economic growth is expected to end with a healthy growth rate by 2022, but below the growth projected early this year. The lowering of growth estimates is due to the Russia-Ukraine conflict and the uncertainty in China’s economic growth. ...

Despite the adverse effects of Covid-19 and the Russia-Ukraine war, Cambodia’s agricultural exports rose 5.60 percent to 4 million tonnes in the first four months of this year compared to the same period last year. ...

Cambodia’s famed Angkor Archaeological Park attracted 33,205 foreign visitors in the first four months of this year, up by 633 percent year-on-year, the state-owned Angkor Enterprise said on Monday. ...

The Council for the Development of Cambodia (CDC) on April 29 announced that it had greenlit final registration certificates for three projects in textile-linked sectors with total capital investment of nearly $19 million that are expected to create 2,005 jobs. ...

A Preah Sihanouk provincial deputy governor on April 28 met with a policy adviser at Australia’s flagship infrastructure programme in Cambodia for talks on plans to transform the province into a model multi-purpose special economic zone (SEZ) by 2030, and other smart-city development initiatives. ...

Japan has expressed interest in investing on construction of a cosmetic plant in Preah Sihanouk province. ...