Economy and commerce
Trade
Cambodia’s GFT exports surge 23% in 8 months
Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 23.33 percent in the first eight months of this year, compared to the same period last year, earning the country $9.08 billion, according to the latest trade data of the General Department of Customs ...
Manoj Mathew
https://www.khmertimeskh.com/501560375/cambodias-gft-exports-surge-23-in-8-months/
Cambodia, Indonesia trade to exceed $1.1 billion
Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of ...
Nhean Chamrong
https://www.khmertimeskh.com/501559729/cambodia-indonesia-trade-to-exceed-1-1-billion/
China's Zhengzhou looks to invest in Cambodian rice for export
The Ministry of Agriculture, Forestry and Fisheries has announced that a delegation from Zhengzhou, the capital of China’s Henan province, has expressed interest in Cambodian products, including “high-quality and delicious rice”, and intend to process them for export to Chinese and international markets. ...
Cambodia seeks China’s assistance in establishing first FTZ
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged senior officials of the government of the People’s Republic of China (PRC) to collaborate in establishing the first free trade zone (FTZ) and also constructing more special ...
Nhean Chamrong
https://www.khmertimeskh.com/501558180/cambodia-seeks-chinas-assistance-in-establishing-first-ftz/
Cambodia, 2nd largest global exporter of cashews
During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7%, making it the world’s second largest cashew exporting country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501558654/cambodia-2nd-largest-global-exporter-of-cashews/
More rice trade deals underway to expand markets
Cambodia is negotiating with some countries in the region on rice trade deals to expand the Cambodian rice market, said Cham Nimul, Minister of Commerce on Tuesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501557391/more-rice-trade-deals-underway-to-expand-markets/
Phnom Penh Port’s August, 8-month revenue sees buoyant rise
State-owned Phnom Penh Autonomous Port’s revenue for August 2024 climbed 25 percent to $4.4 million from last year, amid buoyant growth in container TEUs and cargo volumes between January and August this year. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/phnom-penh-ports-august-8-month-revenue-sees-buoyant-rise
Cambodia-China trade enjoys robust growth in first eight months of 2024
Cambodia’s trade with China enjoyed robust growth of 24.5% in the first eight months of this year, said an official report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501556881/cambodia-china-trade-enjoys-robust-growth-in-first-eight-months-of-2024/
Cambodian rice exports find new markets in 9 countries
The President of the Cambodia Rice Federation (CRF) Chan Sokheang, stated that this year, Cambodia’s rice exports will expand into new markets, including several islands and nine additional countries, with most buyers purchasing fragrant rice. ...
Khmer Times Staff
https://www.khmertimeskh.com/501553650/cambodian-rice-exports-find-new-markets-in-9-countries/
Cambodia makes $305 mil from milled rice export in 8 months
Cambodia exported 412,023 tonnes of milled rice in the first eight months of this year, with a revenue of $305 million, the Cambodia Rice Federation said in a news release on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501554308/cambodia-makes-305-mil-from-milled-rice-export-in-8-months/
Trade between Cambodia, Thailand expected to hit $15 billion by 2025
Bilateral trade between Cambodia and Thailand is expected to reach $15 billion by 2025, said a release on Wednesday. ...
Mom Kunthea
https://www.khmertimeskh.com/501554126/trade-between-cambodia-thailand-expected-to-hit-15-billion-by-2025/
Philippines pledges to boost investment in Kingdom’s rice, pepper sector
The Philippines is committed to boosting investment in Cambodia’s rice and pepper sector for export to the Philippine market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501554143/philippines-pledges-to-boost-investment-in-kingdoms-rice-pepper-sector/
PPSP suffers net loss in Q2’24 amid robust share buyback
The special economic zone owner-operator has recorded zero land sales in the second fiscal quarter with revenue down 82 percent. A share buyback is underway to raise the stock price, which has fallen nearly 20 percent since its IPO price. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/ppsp-suffers-net-loss-in-q224-amid-robust-share-buyback
Trade volume between Cambodia, Thailand is growing, Hun Sen says
Acting Head of State Hun Sen Tuesday expressed satisfaction with the growing trade volume between Cambodia and Thailand. ...
Mom Kunthear
https://www.khmertimeskh.com/501552502/trade-volume-between-cambodia-thailand-is-growing-hun-sen-says/
Cambodian economy stabilizing in 2024 with increased liquidity, exports
The Cambodian economy is demonstrating signs of an overall rebound in 2024, spurred by improving liquidity and improving export demand, says a recently released report, titled ‘Economic Snapshot and Outlook 2024’ by investment advisory firm, Mekong Strategic Capital (MSC). ...
James Whitehead
https://www.khmertimeskh.com/501549598/cambodian-economy-stabilizing-in-2024-with-increased-liquidity-exports/
Cambodia’s 1 million tonne rice export target within reach
One of the cardinal reasons behind the Royal Government of Cambodia’s (RGC) confidence to transform the Kingdom into a high-middle-income country by 2030 and a high-income country by 2050 stems essentially from the government’s ambition to boost rice exports to 1 million tonne by 2025. ...
Mom Kunthear
https://www.khmertimeskh.com/501547260/cambodias-1-million-tonne-rice-export-target-within-reach/
Cambodia, Indonesia to expedite MoU on rice trading soon
With the trade volume between Cambodia and Indonesia exceeding $1 billion in 2023, the two countries on Thursday agreed to expedite the Memorandum of Understanding (MoU) on rice trade. ...
Mom Kunthear
https://www.khmertimeskh.com/501546079/cambodia-indonesia-to-expedite-mou-on-rice-trading-soon/
Cambodia exports nearly $97 mil worth of bananas in the first seven months
Cambodia has exported some 143,481 tonnes of bananas in the first seven months of this year, a decline of 20.59% over the same period in 2023, a report from the Ministry of Agriculture, Forestry, and Fisheries (MAFF) showed. ...
Khmer Times Staff
https://www.khmertimeskh.com/501545755/cambodia-exports-nearly-97-mil-worth-of-bananas-in-the-first-seven-months
Cambodia becomes world’s second largest producer of raw cashew nuts, CAC says
Cambodia has become the world’s second-largest producer of raw cashew nuts, with a total production of 830,000 tonnes in the last seven months of 2024, according to the report of the Cashew Nut Association of Cambodia (CAC). ...
Mom Kunthear
https://www.khmertimeskh.com/501543473/cambodia-becomes-worlds-second-largest-producer-of-raw-cashew-nuts-cac-says/
PPAP revenue increases 11.7%, profit dips 7.18%
Public-listed Phnom Penh Autonomous Port (PPAP) netted a revenue of $18.32 million in the first half of 2024, a rise of 11.7 percent, compared to the same period last year, according to the latest report it filed with the Cambodia Securities Exchange (CSX). ...
Manoj Mathew
https://www.khmertimeskh.com/501544119/ppap-revenue-increases-11-7-profit-dips-7-18/
Cambodia-Vietnam trade reaches $4.6 billion in the first seven months of 2024
Cambodia’s trade relations with Vietnam have seen significant growth in the first seven months of this year, with the total trade volume between the two neighbouring countries reaching over $4.6 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501542137/cambodia-vietnam-trade-reaches-4-6-billion-in-the-first-seven-months-of-2024/
Justice ministry warns citizens against “colour revolution plotting"
The Ministry of Justice issued a stern warning that efforts to incite opposition to the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) cooperation are part of a broader scheme to instigate a colour revolution aimed at overthrowing the government. ...
Niem Chheng
https://www.phnompenhpost.com/politics/justice-ministry-warns-citizens-against-colour-revolution-plotting-
Cambodia’s int’l trade reaches over $31bn, up 15% in first 7 months
Cambodia’s foreign trade volume hit $31.18 billion in the first seven months of 2024, up 15% from $27.1 billion over the same period last year, according to an official report released on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501539306/cambodias-intl-trade-reaches-over-31bn-up-15-in-first-7-months/
Kampong Thom, Gyeongsangbuk-do ink MoU to bolster trade, tourism
Kampong Thom province and Gyeongsangbuk-do province of the Republic of Korea Saturday signed a Memorandum of Understanding (MoU) to further strengthen the partnership between the two countries including trade and investment, education, tourism and agriculture. ...
Mom Kunthea
https://www.khmertimeskh.com/501532239/kampong-thom-gyeongsangbuk-do-ink-mou-to-bolster-trade-tourism/