Economy and commerce

Public-listed special economic zone (SEZ) developer Phnom Penh SEZ Plc (PPSP) has reported a sharp increase in total revenue and lower net loss in the first quarter of 2022, a filing with Cambodia Securities Exchange (CSX) showed. ...

The Ministry of Public Works and Transport will sign a memorandum of understanding (MoU) with ACLEDA Bank and ABA Bank to facilitate the payment of public service fees via Port EDI, an electronic data exchange system. ...

Prime Minister Hun Sen has invited Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), to attend the 2nd ASEAN Global Dialogue to be held in Phnom Penh in November this year. ...

The Micro, Small and Medium Entreprises (MSME) sector in Cambodia faces a funding shortage to the tune of $3.7 billion, said Tommy Boukhris, Asian Venture Philanthropy Network (AVPN) Cambodia Advisor and Senior Consultant & Portfolio Manager, EMC. ...

Prime Minister Hun Sen said that Cambodia has been boosting exports of manufacturing products – both garment and non-garment – and domestic tourism to support strong economic growth. ...

Prime Minister Hun Sen has stated that with the subsequent easing of administrative and health measures, Cambodia encourages openness and strengthening of economic integration by promoting investment, trade, by fully implementing free trade agreements. ...

Cambodia and Singapore have pledged to step up cooperation to bolster bilateral trade, after registering more than $5.2 billion last year, marking a nearly 50 per cent jump over 2020. ...

Cambodia and Myanmar are in the process of expediting negotiations on two important draft agreements in a bid to swiftly increase trade cooperation with each other, citing low bilateral trade volume. ...

Bilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. ...

Cambodia and Singapore have agreed to work together to further boost their bilateral trade. ...

Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of $6.1 million in Takeo and Kampong Speu. ...

An unnamed private company is seeking to lease 308ha of land in the Cardamom Mountain Biodiversity Conservation Corridor for eco-tourism development, in the southeastern corner of Koh Kong province, according to provincial deputy governor Ouk Pheaktra.   ...

Only 20% of hotels in Siem Reap province have reopened after the Covid-19 outbreak in the province subsided, most other hotels have either shut down or are temporarily closed, while others will reopen at a later date when tourist numbers increase. ...

The Ministry of Tourism puts a target of at least a million foreign tourists this year, outlining the main tourism markets as Asean, South East Asia countries, US, France and UK. ...

In an effort to boost bilateral ties between Cambodia and India, Indian Prime Minister Narendra Modi reached out to Prime Minister Hun Sen and held a virtual meeting yesterday, according to a press release issued by the Embassy of India in Phnom Penh. ...

Prime Minister Narendra Modi held a virtual meeting with his Cambodian counterpart Hun Sen on Wednesday where they discussed a wide range of bilateral issues, including capacity building programmes and quick impact projects under the framework of Mekong-Ganga Cooperation. ...

The government yesterday released a financial intervention package of $150 million to revive the tourism sector by financing businesses affected by the Covid-19 pandemic in the last two years. ...

Cambodian economy will grow at 5.1 percent this year and 6.2 percent in 2023, according to the Ministry of Economy and Finance. ...

Cooperation projects under the Belt and Road Initiative (BRI) have provided tangible benefits to Cambodia and the world during the COVID-19 pandemic, a scholar in Cambodia said on Saturday. ...

The International Labour Organization (ILO) estimates that as many as 93% of those who are employed in Cambodia are part of the informal economy, while the share in Myanmar and Indonesia, two other Southeast Asian countries, is as high as 85%. ...

Cambodia exported goods for a total of $7,606 million in the first four months this year, a 32 percent increase over the same period last year, data from the General Department of Customs and Excises showed. ...

The Kingdom’s trade volume reached $17.65 billion in the first four months of this year, up 15.47 per cent versus the $15.28 billion to the same period last year, according to the General Department of Customs and Excise (GDCE).   ...

The Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB / CDC) and Korea International Cooperation Agency (KOICA) held a roundtable dialogue here on May 16 to review request survey of new projects for 2024 in Cambodia. ...

Cambodia and Vietnam have agreed to ensure the sustainability of the value chain to meet trade demands in accordance with the EU-Vietnam Free Trade Agreement (EVFTA), which came into force in July 2020. ...